"Under a gold standard, if people think the paper money printed by government is losing value, they have the right to switch to gold. Fiat money -- i.e., currency with no intrinsic worth that government has decreed legal tender -- loses its value when government creates more than can be absorbed by the productive real economy."
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Friday, 13 February 2009
Saturday, 7 February 2009
FED UP - The popular uprising against central banking
“The Fed simply does not care whether its actions are illegal or not. The Fed is operating under the principle that it’s easier to get forgiveness than permission. And forgiveness is just another means to the desired power grab it is seeking.”
read more | digg story
read more | digg story
Thursday, 5 February 2009
New Hampshire Resolution Warns the Federal Government
New legislation introduced in New Hampshire boldly declares federalist principles and, most significantly, threatens secession from the Union for certain unconstitutional actions of the federal government. The bill is currently in committee, and several other states in recent days have introduced similar (though not as confrontational) legislation.
read more | digg story
read more | digg story
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