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Ben Carson Upsets Mainstream Media: Openly Questions Fiat Money
Submitted by Ryan McMaken via The Mises Institute,
Neurosurgeon-turned-Presidential candidate Ben Carson has been under attack this week by our PC-enforcers in the media. While most of the media scorn has been directed at Carson’s defense of gun ownership following last week’s shooting in Oregon – Matt O’Brien of the Washington Post slapped at Carson for flirting with the gold standard.
In an article on Friday criticizing Jeb Bush for not condemning the gold standard harshly enough (Bush only offered a timid "I don't think so" when asked whether the US should make such a move), O’Brien highlighted some surprisingly sound comments Dr. Carson made earlier this week during an interview with NPR. While discussing the nation’s current debt, Carson said:
"[T]he only reason that we can sustain that kind of debt is because of our artificial ability to print money, to create what we think is wealth, but it is not wealth, because it's based upon our faith and credit. You know, we decoupled it from the domestic gold standard in 1933, and from the international gold standard in 1971, and since that time, it's not based on anything. Why would we be continuing to do that?”
Because of views like this, O’Brien dismisses Carson as not being a “candidate of serious policy.”
Unfortunately for O’Brien, he spends the rest of his column demonstrating that his own views on the gold standard, which he refers to as “the world’s worst idea today”, should not be taken seriously.
Along with offering the typical flawed-Friedmanite narrative of how the Federal Reserve’s dedication to preserving the gold standard, O’Brien is concerned about the impact a gold standard has on interest rates.
Without a hint of irony, O’Brien suggests that interest rates guided by the market simply lack the wisdom of our current PhD Standard:
"The question, then, is when gold actually does "want" to go up. And the answer is not when the economy would want it to. That's because the price of gold doesn't go up when the economy is overheating, and down when it's cooling off. If it did, then the gold standard would give us high interest rates when we needed them, and low interest rates too."
So O’Brien’s problem is with the fact that the market does not follow his Keynesian models on how interest rates should behave. Like most self-proclaimed “economic wonks” in DC, O’Brien can’t imagine a world in which the Fed is limited in what it can do to respond to a recession.
Perhaps it’s time for Mr. O’Brien to read about the Forgotten Depression.
And maybe Dr. Ben Carson needs a new addition to his wardrobe.
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Maybe Ben gets a little more repectability and a second look.
Demographic studies show that the racist ass libertard vote is prepared to accept a strong black leader who speaks to their paranoid terms of fiat money and a democratic "republic" form of governance where individuals opinions matter.
Eight years of Obama preachin and enforcing Bush Doctrine has the wonder bread and circus crowd all spun.
uSA GOLD Standard?.. WOW... Tatoo That On Your Arm And Im In...
This probably Takes The MASS_MEDIA's Target Off DONALD For A While, And Puts It On CARSEN...
I'm perfectly fine with proponents and defenders of the "The Fiat" standard being publicly flogged and every iota of their wealth being confiscated when this demonic shit-show goes tits-up.
Critics should take a look at this menu in Wisconsin today:
http://www.theblaze.com/stories/2013/06/28/the-fascinating-reason-why-a-...
And compare/contrast it to a McD's menu from the 50s.
http://crestleaf.com/blog/wp-content/uploads/2015/02/original-mcdonalds-...
Any questions?
"flirting with the gold standard."
Well, as we all know, that's a SUREFIRE way to end a candidacy (&/or a LIFE, as the case may be).
That nigga just cut his own throat.
A move back to a gold standard would be a delicate one. Here is a first step back toward sound money.
How's he gonna do that when Nox is empty and the Fed's basement is shared with JPM who leased; cough sold it?
Arrrh, I've got it, he's gonna rid crime by removing all the guns and then come knocking on your doors!
gold standard aint enough. at minimum, we need
1) gold standard
2) outlaw fractional reserve banking
3) outlaw lobbying
4) return to mrk to market accounting
5) make it illegal for a bill to contain laws about any topic other than in the title of the bill
6) remove executive orders and amend the constitution to forbid emergency suspension of laws
Donating to his campign today
@ Squid-puppets a-go-go -There is nothing wrong with lobbying. It is simply speech. The problem is that the government has become so outrageously enormous, and hands out so many trillions of other people's money, that it pays to have people there trying to convince the government to give them some. Reduce the size of government to its Constitutional role and there will be no need for big money lobbying.
Like most surgeons, he is very concrete and super practical and common sense. Also, like most surgeons, he is an independent thinker who cannot be bought off by DC special interest groups.
I like him.
SoL:
Careful, a disproportionately high percentage of surgeons are sociopaths.
https://www.google.com/?gws_rd=ssl#q=surgeons%2Bsociopaths
BTW, did not junk you.
It's inconceivable a foremerly practicing surgeon would kill over a million people for their oil, or drone wedding parties and hospitals. I also don't see him crushing the middle class with moar taxes like O'Bama has, and Hillery/Sanders have promised to continue doing if elected.
I can't see him expressing the bloodthirsty Fiorno-type comments endorsing moar war and misery either.
I beleive like most doctors he'll be sympathetic to truly downtrodden people but not sympathetic to the lazy FSA.
The MSM initially praised him because and wanted someone against him; however, with Ben's recent common sense comments on guns, crime, Muslims, etc they will now hate him also and most likely we'll see the gubmint-controlled MSM try to tarnish his and discredit him is my guess.
We shall see, but it's good to see some non-career politicans running.
He doesn't have a translatable record of accomplishment like Trump arguably does, but I think he would be open to being Trumps VP, and they would be unbeatable. The approval of the nice black guy would blunt a lot of the 'Trump's an asshole' crowd.
Nobody is going back to the gold standard. It's just not going to happen. Paper is here to stay. Get used to it.
The only thing the media needs to know.....Ben Carson.....is smarter than you are.
Paper burns. Gasoline is cheap.
BEN,
BIMETALISM!!!!
GOLD AND SILVER!!
RIPS
Squid, wish I could upvote that 1000
Once the fiat god is discovered dead, his priests at the Fed will first lie and then become irrelevant.
And don't forget to repeal the fucking 16th and 17th Amendments.
Secession anyone?
Gold hasn't seen the inside of Fort Knox in years.
This is all nice THEATER. The election is still over a year away. At what point do they all die in a fiery accident, leaving Bush vs Hillary?
Dr. Carson is so far above your ignorence you must be dizzy looking up. Or were you refering to Obama?
no one has seen the gold since the 1950s when the last physical audit was done. So Carson should have at least raised the point about whether the gold is really there, or maybe he thinks it is, which shows he's ingorant, or maybe that he thinks we can have fiat gold in reserve as our functioning reserve, in which case he's being idiotic.
You people are fucking idiots period - wake up - nothing will change - you have no power - they control you - sorry but get your heads it of your asses and deal with it
His mentality is not to fight as a hero for an enlightened, constructive world, but to make the the world liable to financial interest. This is the direction of the parasite, not to fight but to creep; not to serve values, but to devaluate.
Alfred Rosenberg: The Myth of the Twentieth Century
Carson will be dead if he keeps up that sort of talk a la JFK
"Carson will be dead if he keeps up that sort of talk a la JFK"
Not likely. Oswald has been dead for 50 years.
I disagree.
I'm pretty sure there is never a "Shortage of Oswalds", should the need arise.............
LOL, Right Oswald. Ever heard of the Brooklyn Bridge? it's available.
Indeed. He is now in the crosshairs and they will come for him. They will not allow anyone to rock their boat.
Although I believe the days of a gold standard are long gone, it is a good idea to think about taking the creation of money out of the hands of central banks, who only let that money into the economy as debt, and restore that authority back where the Constitution said it should be.
Agree, check out Ellen Brown's Web of debt website
http://www.webofdebt.com/
Should,nt all those thin people on the McD,s menu be like 8 times as wide as that and driving ObeseMobiles but then I was,nt around then so maybe in the 50,s they still used real meat and milk from cows that walked around fields and ate grass
Back then people still ate food, so obesity wasn't a widespread health issue.
And we all play hard and worked hard. There were no home electronics games to keep kids indoors. Food quality was definitely way better than today's fare.
Food was also much more expensive as a percentage of annual household spending and eating out was uncommon.
How on earth did you keep a link from 2013? lol
That is agreat idea to market things based off of the pre 1965 coins... It creates thought and will help educate the sheeple about sound money and all else...
I think I will do the same with every invoice I send out to my clients, unfortunatley my invoices are in the hundreds ot thousands of dollars, but none the less If they cannot pay in pre 1965 silver it will still create awarenes.
"Chime"
Great Links.
After 5+ years of fa(la)iled attempts trying to edify family und friends about the monies-ed fuckaroo sys...
using "logix" (fail), rationale, emotion, anger, stats, charts, hiss-toryes, toobz, books, academsplat, contractor sludge-speeks, dem-rep-foolery, XYZ fur dummies, music parlance, food analogy and...ya'll get the point...
The -only- way I've been able to throw out demonstrable sticky anywhats of worths has been the *dime* (un)trick, ala the ^ol MACDonalds^ menu/Daddy Paul barking on about 1 pre-65 quarter & purchasing power re: gasoline.
Mind you, no one will watch a toob clip of Paul v Bernank but I've been able, with fone and '64 dime in hand, to make "point" across morass of un-knowing fellow. Blues, Reds, rich, poor, young and old.
Point: My local watering hole, local coffee joint and sandwich eatery (small buis of course, nonetheless places of whom clientele not limited ta close(d)-nit locals) all take pre '65 coinage for payment...not @ face value. Made possible by talking -effective-.
^This^...in a (multi million metro) conurbation; nota 1 horse towne.
Concur /w majority-ZH'ers regarding nil-chance of legit gold (er bi-metallic) standard resurrections (but that was over b4 the many
coinage acts of...18/19XX [see avatar
]).
Talking and doings are happening /w greater frequency. Ppl in the small village, others in cities seem IMHO 2vee getting it. Few years ago settling my tab with 2 '64 quarters would of been a joke of joke. Now it's a no questions asked, others doing it as well.
Paying a tab with 90% Ag does not run the gambit of 0H awareness BUUUT
'cause the giant turd is a Bankers Tongue, methinks this all positive make.
Everyone-.-waking desperate, lotsa more then 3/2 years ago.
More folk are listening, even the dang millennials.
-(PS. Had a great talk with a millennial a month+ ago. Previously had had one of those "never talk again fuck you" conversations re: bloviationz common to ZH
forums n' posts. She/he par eloquence pointed to me and out-> how it felt (feels) being on the reviving end my "knowledge bombastic" (fed, FRB, NDAA, Balfour this, 1871 that,
... things more "exotic") and
Made me under-stand how (soooo many times) people (close) react /w the genuine fears, manifest as anger-behavior towards (me), un-capable of doing nothing else but...well, mega adverse reaction and molar gnash.
Too many times...
from my pov, I was trying to "calmly" inform and help but duh, I was an ass, presupposing others would carry onoff the same vision of understand-ment and digest doom-fax which I've had luxury of munching on for many many years.
Kinda like this guy:
https://en.m.wikipedia.org/wiki/Michel_Lotito
"Hey kid. Eat this jet. Huh, you don't know what yaw is? Huh? Eat the damn plane"<-me being assface
way too long post,
TL;DR version:
Had success with the sheep, in process realized often times was communicating like a dickface.
anyways,
good night n day everyone. Many of you make my day/have me laughing hyena style & don't know it.
A global fiat currency is on the way:
Luckily for you, our friend Jim Rickards is just as good at elucidating the muddled world of finance as the government is at obscuring it.
Boiled down to its essence, the SDR (special drawing rights) is a kind of super money printed by the IMF…
“Since Federal Reserve resources were barely able to prevent complete collapse in 2008,” Jim writes in his recent New York Times best-seller, The Death of Money, “it should be expected that an even larger collapse will overwhelm the Fed’s balance sheet.”
Simply put, next time, printing another $3 trillion-plus won’t be politically feasible. “The specter of the sovereign debt crisis suggests the urgency for new liquidity sources, bigger than those that central banks can provide, the next time a liquidity crisis strikes. The logic leads quickly from one world to one bank to one currency for the planet.”
Leading the way, says Rickards, will be the International Monetary Fund. “The task of re-liquefying the world will fall to the IMF because the IMF will have the only clean balance sheet left among official institutions. The IMF will rise to the occasion with a towering issuance of SDRs, and this monetary operation will effectively end the dollar’s role as the leading reserve currency.” ...
And as Rickards suggested in Currency Wars, the IMF might even swallow its pride and resort to some form of gold standard if that’s what it takes to restore confidence in the system.
But if that’s what it takes, expect some ugly times ahead, like Ferguson, Missouri, but worse. “Riots, strikes, sabotage and other dysfunctions,” complete with a “neofascist” response from well-armed authorities.
http://dailyreckoning.com/one-world-one-bank-one-currency
Yup. Seems the most plausible.
I'd say "extremely plausible," especially given that line about the IMF having the only clean balance sheet.
To me the only thing still unmanaged is getting the Yuan and eventually the Ruble into the SDR.
Spot on. That has been the plan since at least 2008. IMF SDRs will be the next phase. Also, no countries will need to mint new currency. We'll see how long it lasts though. Typically the half life of a replacement currency after the first one implodes can be measured in months, sometimes weeks.
Examples: The Geldmark after the German hyperinflation, the French currency backed by real estate after the French currency hyperinflation, etc, etc.
I thought we already had ,effectively, a single bank.
Something about red shields is buzzing around in my head.
This idea is a fucking joke! Does everyone realize that the SDR is a basket of the same currencies being rejected when the system crashes? It doesn't (nor should it) restrict how much each sovereign country whos currency is included in the basket prints either. So, let's say they issue SDR's. Nothing stops the US, who may make up 50% of the SDR basket, from printing as many dollars as they want. It's a fucking joke. It's another fiat currency issued by a no-body organization. It's one that is made up out of nothing and we are told it should have some sort of meaning and importance to us. I don't give a rat's ass about the IMF. It's all complete bullshit. If the dollar is shit then what does an SDR which is a composit and has a 50% (or whatever it is) of dollars in it worth? If I bake a cake but add in X% of dogshit, do you want to eat it? Does it make it better than 100% dogshit cake? These people are going to try and do anything they can to have a currency that doesn't require constraint of spending by gov'ts. It's our job to make sure we reject it!
Your dogshit metaphor was pure genius.
Of course the SDR is diluted dogshit. When you are the Supranational Entity allowed to issue credit out of thin air, it's not about providing sound money-- it's about control.
CTRL P bitchez
First off the IMF is similar to ISIS controlled by the US .gov.
SDR's are just another form of fiat!
A gold backed currency is the only way to restore the confidence in Fiat currency, but then it will be Money not fiat.
The world needs to wake up to this FIAT CON!
Demand real Money for goods services.
OK, but all we got was paper.
RafterManFMJ: You read my mind.
it is a very smart tactic by Dr Ben.
1) borrow page from Trump campaign playbook:
a. generate free publicity
b. ignite the "End the Fed" issue
c. convert whatever support Rand Paul has to Carson campl
2. Now other candidates have to address the Fiat currency debate
I'm beginning to like the guy -
NoVa
NoVa:
Thoughts along those lines worked out great for JFK, eh?
Cynicles - The problem is bankers make loans. They captured the globe but they suck at management because debt has marginal utility in an economy and violent reinforcement of shitty global management model is just a suicide pact.
So the end result if not corrected is a global slum or nuclear war. JFK didnt want to live in that kind of world and of course some will pay a price to resist those with an unrealistic vision. At one not so long ago I thought a global Republic was possible. The short of it is that by the time we may be able to build one we as a species will no longer need it.
You already stated your point about JFK. What, did you feel it was important to state it twice on one thread? Should I be surprised if the biggest business on earth attempts to use violence to continue an awsome vig?
This is all starting to remind me how Alexander wept when he felt there was nothing left to conquer.
So all of the worlds people should bow to the Assasins..., How about we hunt these FU**ers down and remove them this time!
His remarks on things scientific are a tad worrying.
But then when was there last a scientifically literate president?
Like all pols, he's just saying what he thinks will benefit his campaign.
Can't people get this through there skulls?
A great line from The Jam - Going Underground....
You choose your leaders and place your trust
as their lies wash you down and their promises rust.
Pretty much nails it.
I don't need a leader.
Do you?
+1 for The Jam. Does "Town Hall Malice" apply? I think so!
+100 for reference to The Jam.
I agree, but his take on arresting Snoweden and defending Israel make the Carson pill just too bitter to swallow. He may be spot-on in every other aspect, but someone who can't comprehend how BENEFICIAL Snowden has been to Constitution-respecting Americans, he is too dangerous to be a viable contender.
NoVa:
I like Rand, but I haven't heard a word from him or his camp about abolishing the Fed, just "auditing" them. Neither Rand nor Ted Cruiz have had the guts to go that far.....
Right! That was a Ron Paul platform. Trump is a douche and Rand ain't his daddy.
Only see three options for him now:
Backtrack, lose or Arkancide.
Ben should have gone further and answered his own question as to why we are doing that (debt backed system).
Because a system based upon creating currency by loaning at interest requires monetary expansion. Exponential expansion.
Thus our economy is based upon endless exponential growth.
A fractional reserve gold standard will blow up just as a debt backed one will.
pods
Correct... Which is why Nixon was forced to end the Bretten Woods Agreement and default.
Is because the "what" is not as critical as the "who." TPTB don't want the little guy to figure it out. Easier to blame the "what" and give them a new "what" while the same old players control the game.
Exactly.
Dilute. Default. Rebrand. Doesn't matter. What matters is the ability to create credit out of thin air and demand payment.
Call it whatever you want. As long as it delivers that steady stream of rent-seeking and control.
How about someone say something really radical , "Get government out of the monopoly of money business" i.e a free market in money, totally doable these days with instant FX/Commodity markets anywhere on the planet. Let "Fiat" compete in a free market and see how long "Faith" lasts
Government creates money?
Sound the alarm!
And none of the 6 of you above posters except grimbleduke deserve a sound currency and will get exacly the kind of money you deserve.. I and ole Ron Paul are old, we remember how it was, it was nice. We made tidy sums that you will not be able to make or at least keep. At this point Im to old to care one way or another, Im well past my high earning years and have more than I will spend If I live 100 as cheap as I am, Its the younger generation that are being sold on the NWO global printing SDR scam.
Its your world kids,, you can listen or not. but choose wisely or your fucked.
You make your generation with defining actions when you get the chance. But first you have to DO SOMETHING. It tough with the controllled News, captured politicians, police state ect.. I see you cheering for Putin so I know you have it in you,but he can't do it for you. Quit crying, every generation faces what seem insurmountable problems at the time. Think of the silent generation if you think you have it bad, WWI, depression, WWII.
Lets see if you can screw it up any worse than we did. HA
And yes, we loaned money at interest just fine with a gold standard. And we had growth but it kept our govt in check on this wild ass spending. ANd when they went wild in NAM they paid the price and rightfully so the way it should be for a nation.
Don't worry Cowdiddly, we'll fuck it up real good, way better then your generation did.
WTF is this guy up to? He starts off anti-2nd amendment, then a few months later all of a sudden he's pro-gun...now, out of the blue he's talking about a gold standard? If Carson was serious he'd look at FOFOA's ideas on gold, or Antal Fekete's ideas on Real Bills and start showing some thought leadership on the issue. Instead he's flailing around uselessly, like some kind of modern-day Jack Kemp.
Jack Kemp. Sir, that was brutal, albeit true.
Back off, Carson is just playing it close to his vest. He needs the detais to beat the bloody hell out of the Beast of Bengahzi in the general election.
Another useless whack job going up against a bunch of other whack jobs.
If looking at the options in the upcoming 'election theatre' doesn't make you stay home on election day, nothing will.
I'd call 'em all arseholes if it didn't mean I had to apologize to arseholes.
Yes but there is only one who does not deny being an asshole.
We all know who he is.
Barking Cat - Hey man that line works great with the chicks:
'Just to let you know babe Im kind of an asshole'
Well I really am but the chicks dig it who am I to argue. Other lines I actually mean:
'Do you want the marlboro man or some metrosexual fag?'
Giving you all the pearls young dudes.
Im not sure Banzi, way to early for me to worry to much yet until we weed it down and I get to see the sorry lot I have left.. If a candidate ever says anti-gun he is a non starter with me.
I don't agree with that FOFOA dude, Im more of a bimetal or multiple metals guy.
You never get the whole package you want in the same guy. You just have to pick who has the most of whats really important to you or stay home and let others pick.
Were are they going to get all that printed Gold they need to balance the cooked books
Palin has a pension for certain persuasions. Think she had a taste?
The Chinese and Russians bought more gold this month, and that's pretty standard.
@tosoft...said it before to other posters and will say it again...activate your spell-check...'cause it's bad enough to be subjected to mindless and repugnant comments...but coupled with elementary spelling errors just makes you seem uneducated on top of being ignorant.
It's "penchant" you illiterate fuck.
Woah! No shit!
I agree most defintely. I never woulve expected the darkie who believes the jews eminate from esoph or whatever faulty biblical reference he made in the interview, wouldve been a supporter of the gold standard. He still wont get my vote though. Maybe if he was pulling some ron paul end the fed and replace with govt created fiat then hed be eligable for my vote but we all know thats a bit too much of wishful thinking.
"Maybe Ben gets a little more repectability and a second look."
That's high-minded of you, "Gavrikon," and I do applaud (and upvote) you for it.
However, no, it doesn't give Dr. Carson any more anything. It's the one non-insane thing he's said, more or less. He still believes a lot of really bizarre and unlikely things are happening all day every day. He might be a fantastic brain surgeon, but he's full-blown batshit crazy about almost everything else, including the basic mechanics of how things work in the physical world.
Seems we are full on bat shit crazy now. You just descibed current policy to a tee.
I've heard this same talking point from other progressive liberals.
So, fuck you.
Anyone who believes in science more then ancient Hebrew texts is a progressive liberal. What a bunch of shit.
Don't eat pork. It's not safe.
Seeing as we are F&^%ed anyway might as well vote for the dude if he is going to piss off the fiat elite cheerleaders. Might as well get some enjoyment out of it.
If you vote, you validate their criminal games, FFS.
might as well vote for the dude??
I have a jacket for you - long sleeves with buckles on the ends and buckles up the back.
Gold is money. Everything else is credit. -- J.P. Morgan
Fuk da bullsht MSM & their progressive liberal democrap agenda a well as all the career politician miedros. Fukem all.
My issue with Carson is he once did brain tissue research on aborted children. He should have known better....seriously.
BEN CARSON'S FULL STATEMENT ON THE 1992 STUDY:
“There is absolutely no contradiction between the research I worked on in 1992 and my pro-life views.
Bullshit Ben.
If he says end the FED I'm in
And that is then end of "fringe low brow conspiracy theorist" Ben Carson...
BC was never going to get the GOP nomination anyways - that is reserved for the neocon/corporate puppet candidates (delegates/votes are merely a nuisance/formality).
So if BC wants to burn his political captial by raising issues like fiat/FedReserve, perhaps best to do that now while he has visibility/attention rather than later after he's been destroyed by the establishment (which is inevitable)...
~"BC was never going to get the GOP nomination anyways"~
Hey hound dog, have you always been this much of a prescient defeatist or have you developed this skill of late? Seriously dude, who crapped in your Cheerios? Spare us the "after he's been destroyed by the establishment" horseshit will ya'? John Boehner is quitting as Speaker because of the conservative movement. If you do not think that this country can have its course changed then do us all a favor and either a) move to Cuba and join the revolucion or b) go hide in the Democratic Republic of Congo. They have absolutely no government control outside of three towns. You'll love it there. The internet is non-existent there but hey, at least you won't have to post your "oh fuck, we're lost before we start" excrement. Ruck me funning.
Bravo Theo! Many ZH's here claim to be anti-establishment and long for 'change' but then immediately qualify their position by deferring to the status quo and 'them' not allowing such a thing. My thought is that most of them are card-carrying members of the PINKO FASCIST COMMMIE club; depend on the status quo for their livilihood, and only pay lip service to real change. They should all move to North Korea where their innermost thoughts and beliefs can be fully lived!
You guys crack me up. It's hardly defeatist to avoid the war you can't win. The GOP is a lost cause, and so are the Dems. Bought & sold, both.
You want to affect real change? Start by choosing the battle/position that offers a chance of victory... start by recognizing that change will come from outside the system, not inside. You like Ben Carson? Me too. So let's convince Ben or Donald or Ted or Rand to run on a 3rd party ticket, because that's the only way any of them will get on the GE ballot. That's the reality - sorry if it's too dark/depressing for you. You won't get faux optimism from me because we already know what that faux optimism brings... it brings Bush, McCain, Romney... shall I go on?
I respect your attitude and energy, but pretending that a corporate-owned one-party system is somehow going to affect change is just a waste of your time...
I'll get happy again when the Bens/Donalds/Teds/Rands of the world STOP allowing themselves to be used as tools for controlled opposition, and START to bring the fight forward from a winning position.
For fucks sake Fascism is not Communism!!!!!! Fascism allows private property for oligarchs within a totalitarian state, people can have semi-free enterprise within a Crony Capitalist model. In Communism you have a totalitarian state that also controls all property. Only state run enterprises are allowed. Both suck but they are not the same!!! Our country is becoming Fascist not Communist!
When Exxonmobil is nationalized we can talk about this country becoming Communist. Until Apple is run by a comptroller we live in a Fascist not Communist state. The intellectual laziness of conflating the two drives me nuts!! Crack open a fucking history book once in awhile!!!
Well, so much for Carson's run for President.
< sigh >
No, I think we are about to be shocked.
I have followed Ben Carson's career for over 10 years now, basically because I was involved with academic charities until a couple years ago. He is a phenomenal person, albeit from my perspective of life chances and life choices. His autobiography stands in very stark contrast to the brown clown's "effort" in this regard. He is the real deal however the machine might present him. He presents his thoughts very well and will stand with his principles. He is extremely intelligent and yet down to earth. Very likeable.
I was surprised he is running for president and I thought he would be out by now, for various reasons. But that is not how he was raised, and it certainly is not how he approaches his life. I truly believe he will be there at the end of all this. He is getting more press because he will not go away, and that is how he intends it.
He will roll through the early primaries.
I'm all for gold, but how about the US Treasurey print its own money instead of paying some stupid Vig to the Bankers.
According to the dead instrument the Constitution, Congress only has the power to COIN money, not print it. Of course breaking the law never stopped them from doing something so maybe you have a good point after all.
They do "print the money"
They do put zeros and ones on hard drives.
FIFY
It's a Federal Reserve Note .. US Treasury Notes are what pay interest on said 'money'
No, none of my 1963 red serial number Treasury notes pay any interest.
He sure is improving. At one point of time he identified Bernanke as Treasury secretary(Eventhough agreed neurologically therznt much diff)
O'Brien's a tool
At best.
In 5 minutes 1000 reads.
Thin trading day. Nothing to do but sit around and read ZH.
I caN explain to Ben Carson what gold standard means: YOU HAVE NO MORE CLIENTS BECAUSE THEY HAVE NO GOLD TO PAY WITH
nonsense.
simply reconnect our fiat notes to gold/redeemability - that's a gold standard.
"gold standard" does not imply that all payments be made in actual gold. the US was on a proper GS prior to WWII, and we had a psuedo-GS until 1971.
That cannot work while you still have fractional reserve banking.
It will ruin gold as much as it has ruined everything else it touches.
pods
Agreed fractional reserve banking will bust, however gold is that which eventually ruins/exposes everything that tries to dictate its value...possibly what you were saying
stane
I can see a scenario where people "think" (let's face it not many do) that a failure under a gold standard would be gold's fault, not the fractional reserve nature of a gold backed system that still allows fungible credit to function as money system.
pods
Gold worked good post Bretton Woods up until 71 or so. It allowed international exchange of goods/services to be settled somewhat on a barter basis. All international trade is only barter.
But, the notion that you have to have metal to make international trade work, is again, bad thought. All money is law, and the law made Gold part of the exchange value for international trade.
The intent of going off of international trading gold standard was so the U.S. could deficit spend on Vietnam War. In other words, the Gold standard in this case, if it was enforced, would have stopped war.
So, how can I be for Gold and against Gold. It is because I'm not spouting bullshit, I'm telling ZH denizens actual history and the effects of the system at that time.
Gold was made to work in ancient Venice, it was made to work germanic city states - where they recalled it to do census, recoined, and re-issued. Note it was Law that made gold work in all cases, because that is what money really is.
Anybody who pushes for Gold needs to really think about the case of Africa. Black africans were forced into a head tax in Rand. This then forced them to mine Gold in order to earn Rand, to then pay the head tax. Same goes for diamond mining via Openheimers (J) and Rhodes (Briitish). Today diamonds are still held off the market to make thieir price high. As if markets were perfect predictors of price.
So, African's were able to convert minerals of their earth using their labor, to then acquire Rand. This Rand then bought overrseas Luxury goods for those who were in control of the land and labor. Gold was no panacea, and seldom is, unless the money system codes for it properly
Right, fractional reserve central banking is designed to fund wars; thats why the US federal debt went from 1 billion in 1913 to 26 billion in 1918. No more Central banking. The fed can instead make their own fiat currency and citizens can buy gold as an inflation hedge, so that no more federal debts would occur.
Without central banks there would likely be no war.
Minor skirmishes where people rub togethere a bit to closely, but certainly no world wars - way too expensive if you have to fund them without debt.
Governments would have to wind up the taxes so high that nobody would put up with the bullshit.
Complete nonsense that disregards history. As for world wars, what about the Seven Years' War or several other similiar conflicts in the 17th and 18th centuries?
Always a good refresher...
The Top 15 Economic 'Truth' Documentariesand
The National Debt Cannot Be Paid OffWe cannot trust any .gov to have a gold backed currecy especially the US.gov...how about real gold for money in coin form or as in bill form. 1/10 g Maple Leaf Aurum Gold Thin Wafer.
Gold is money, Nothing else. but Silver.
The Chinese have gold but you seem to be sol.
Dear Bug- Gas
Many on this very board were alive when we were on a gold standard or at least a Bretton Woods style (we had a standard of living to die for then). We had plenty of clients. You look stupid because by your comment, you do not even know what being on a gold standard is and hitting the cap button to scream it at the top or your lungs only makes your statement look even more ridiculious.
I would not look at the snippet of time after WWII as one that can be determined to be the result of any monetary standard.
Our "prosperity" following WWII or Bretton Woods had little to do with monetary policy. We basically destroyed Europe and were the manufacturer of the world because of this.
pods
It amazes me how little attention this fact gets when people try to analyze policy successes of the 50's and on. We were the only restaurant in town so of course business was good. Like how people love to get Clinton credit for having such a great economy without accounting for cheap computers exploding on to the scene.
If you can actually give a president "credit" for anything, I would give Clinton the "credit" for having repealed Glass Steagall and ruining the USA. But no, I don't give presidents credit for anything but their ability to kiss banker/MIC ass.
I'd have to give credit to the CIA/FBI and whoever else was able to blackmail enough Congress critters to get that shit passed.
I'd say Clinton's one and only job was to appear credible enough to provide them all with political cover.
You both are partially correct but look who has the best avatar ......
Yea I heard that "we had the only factories line" before in your freshman econ class. It WAS partially true but the entire globe was not destroyed and was rebuit relatively quickly, historically speaking. We also just happend to make the best damn quality products the world had ever seen before or since. I got a chrome plated toaster and a fan, a car ect that still run from then. People cared about theri jobs and tried to do their best taking pride in work. Because they wanted to earn some of THIS money. Now? not so much, the money is so pathectic they dont really care. Can you blame them?
The currency I made in the 80s and 90s value has been completely robbed of all its value and what I saved of it is worthless today, might as well have blown it.
I was really talking about the period way after the war of about 1955-1969 as the best it ever was here IMHO. People lived well, but still tried to save their money as it represented real power. The banks wanted it back and were willing to give 6-7% for that privilege instead of being despised so bad they don't even want it back as currency is now.
I never even heard of a homeless person until the Vietnam war. And it is this war's expense where we blew It.and Chamberlain finally called the bluff. Its been a steady diet of cheap and more desperate Parlor tricks since.
good times and real money.
That is part of it. The main part was the huge stored up capital in American households and businesses along with policies that the US gov't supported to tap into it or enhance it though economic modifiers (US highway bill which revolutionized American travel and infrastructure).
This is currenty in first place as the most uninformed and completly harebrained comment on the Hedge today.
And that's as fluid as the Red Team contenders.
It's not that medical care is too expensive, it's just that your paper money isn't worth anything.
Will he be able to surgically remove a nail from his own head?
looks like Goldman needs to off two GOP candidates now
Those types are only place-holders to keep any true opposition firmly out of the limelight.
It's no accident that Hucksterbee focused so heavily on Ron Paul four years ago.
Since when does common sense matter - keep printing you a-holes
"common sense" is for the "common people", and does not apply to PhD's in economics.
@RandPaul - everybodies using your shit but you - man up
Yes - a lot of anger is in order - read the mood of the people
~"Because of views like this, O’Brien dismisses Carson as not being a “candidate of serious policy.”"~
You know, and because of so called journalists like O'Brien I have a hard time considering the WaPo a serious newspaper. I guess that makes us even, eh?
Carson has proven himself to be just another totalitarian want to be with his stance on mandatory vaccinations. Washington (CNN)Republican Ben Carson said on Tuesday vaccinations should be mandatory, with no religious or philosophical exemptions, and schools should check to make sure children have received them.