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The paper money dollar experiment of the last 41 years has reached an unsolvable impasse. Since 1971, when Nixon defaulted on the dollars convertibility into gold there has been no restraint whatsoever on the Federal Reserve's ability to finance the U.S. government's boondoggle spending programs both foreign and domestic.
The government doesn't have to rely on tax receipts any more. It simply issues bonds to borrow the money. The Federal Reserve ensures those bonds are always bought,
What is the proper role of a government in a civilized society?
A court system should arbitrate disputes and punish destruction of property and life. A police force should enforce these decisions. Lastly, an army should protect life and liberty if necessary from nation state aggressors. Many of these things do not necessarily have to be done by employees of the state. Some of them could be performed by private industry, such as arbitrators and security companies, but if the role
Ron Paul speaks the message of liberty. Liberty revolves around people living their lives in peaceful coexistence. There is no utopia and people will wrongfully steal or hurt others from time to time, but the rule of law from a constitutionally limited government will sort these crimes out and general liberty can be maintained.
The problem comes when the aggressor is not another person but the government itself. Our government has stepped over the line of refereeing liberty and
http://www.freemarketfan.com/2011/10...ess-cycle.html
In a free market, interest rates are set by supply and demand. If there are a large numbers of savers, the banks adjust their rate paid to lenders down and as a result can offer rates to borrowers at a low level. If there is a relative reluctance to save, banks will try to attract lenders by offering a higher interest rate. The higher rate forces banks to charge a correspondingly high rate of interest to borrowers.
Article here:
Here we are three years after the financial crisis of 2008. The banks got bailed out. Their junk mortgages now sit on the balance sheet of the Federal Reserve. In exchange the Fed gave them face value in cash for their junk. Where did they get the cash? They created it out of thin air of course.
Then as if some sort of sick joke, the money given to the banks to make them whole on their bad decisions hasn't seen the light of day. It still sits at the Fed
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