Mar 092015
 
This was originally posted on Internationalman.com http://www.internationalman.com/articles/capital-punishment by Jeff Thomas Those who trade liberty for security deserve neither and will lose both.John Adams In the end, more than freedom, they wanted security. They wanted a comfortable life, and they lost it all—security, comfort, and freedom. When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished foremost was freedom from responsibility, then Athens ceased to be free and was never free again. Edward Gibbon, English historian and member of Parliament, commenting on Ancient Athens in The History of the Decline and Fall of the Roman Empire, published in six volumes between 1776 and 1788. Libertarians (myself included) now grind their teeth on a daily basis, as they watch the parade of irresponsible economic measures concocted by First World political and banking leaders. Each measure seems more outrageous than the last, both in its inability to correct the situation and its outright thievery from the purse of the populace. The EU recently announced that they will introduce a level of quantitative easing (QE) that promises to be the economic equivalent of an overdose to a heroin addict. In addition, the EU, the US, Canada, and other First World countries have created bail-in legislation that will allow their bankers to literally steal the funds of their depositors. Further, political leaders on both sides of the Atlantic have announced that pensioners’ funds are “in danger,” and their solution is to make it mandatory for the funds to contain a percentage of investment in government bonds—an investment that promises to go off the proverbial cliff in the coming years. So, what’s the plan? Are the leaders of the world’s most “advanced” nations planning collective economic and political suicide? Or are they simply so stupid/arrogant/out of touch with reality—pick your explanation—that they just don’t understand thateconomic collapse is now baked in the cake and it is now only a question of time? Or do they have an alternate plan? I must confess that I’m cynical enough to regard many of the leaders in question as being stupid, arrogant, and out of touch with reality. However, I do also believe that some of them are clever enough and devious enough to have a plan in place as to how they might continue to not only hold their power, but expand upon it. (That desire is, of course, a virtually universal truth, as regards (more…)
May 302011
 
05/23/11 Novato, California – This month, lawmakers in Utah have made plans for gold and silver to be functional as currency in the Beehive State. Utah is now the nation’s first state where precious metals will be as good as US dollars. Some details for how the new legislation will practically impact trade remain murky. For example, merchants are not required to accept metals as payment, nor is there a clear indication as to whether coins should be adopted at face or market value. However, the state law has clearly exempted sales of precious metal coins from state taxes on capital gains. From the Associated Press: “The idea was spawned by Republican state Rep. Brad Galvez, who sponsored the bill largely to serve as a protest against Federal Reserve monetary policy. Galvez says Americans are losing faith in the dollar. If you’re mad about government debt, ditch the cash. Spend your gold and silver, he says. “His idea isn’t to return to the gold standard, when the dollar was backed by gold instead of government goodwill. Instead, he just wanted to create options for consumers. ‘We’re too far down the road to go back to the gold standard,’ Galvez said. ‘This will move us toward an alternative currency.’ “Earlier this month, Minnesota took a step closer to joining Utah in making gold and silver legal tender. A Republican lawmaker there introduced a bill that sets up a special committee to explore the option. North Carolina, Idaho and at least nine other states also have similar bills drafted.” The law has also quickly laid the foundation for launching new business ideas, as the move is a boon to innovation in domestic currency alternatives: “Craig Franco hopes to cash in on it with his Utah Gold and Silver Depository, and he thinks others will soon follow. The idea is simple: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings. He plans to open for business June 1, likely the first of its kind in the country… “…At the moment, Franco’s idea would generally be the only practical use of the law in Utah, given the legislation doesn’t require merchants to accept the coins, either at face value — $50 for a 1-ounce gold coin — or market value, currently almost $1,500 per ounce. And no one expects people will be (more…)