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There is nothing super-complicated about sound money. Rather, the truth is pretty simple.
In cahoots with the central bank, the government prints unbacked currency. Most dollars are not physical linen – it is merely electrons in bank accounts, which is shown simply here, “Fractional Reserve Banking in Pictures.” This is really just an indirect way to [...]
Tag Archives: corporatism
The People’s Money
The Economy in Pictures
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“Truth persists and illuminates, even if there is no one to utter it.“
Government is not the solution; rather, it is causing the problems. The below slides (view at Scribd, backup PDF) highlight the economic situation, updated from a May presentation. I’ve written about the solutions to the unemployment problem, the deficit, Social Security, [...]
Towne to Dent – Is That the Best You Can Do?
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A brief update to supporters on the ballot access filing situation. The campaign has collected plenty signatures with plenty of backups to be listed on the November 2 ballot. These signatures must be filed by August 2, but filing prior to this date simply gives more time for the competition to [...]
Fractional Reserve Banking is Dead (Part 2/2)
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Since the 1990s, the FED has change accounting rules so even the loose ~10% fractional reserve requirement could be thwarted. We live in an era of paper tickets.
In Part 1, Fractional Reserve Banking in Pictures, we saw how the banking system creates fraudulent money by creating new money on top of old. The reserve requirement [...]
Who Supports Bailouts? Jake Towne, Charlie Dent, or John Callahan?
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John Callahan, the Democrat challenger in my race, recently targeted the incumbent Republican, Charlie Dent, for his vote to pass the TARP Banker Bailout in 2008. Amusingly, Callahan – along with the rest of the Establishment’s career politicians at the time – stated he would have voted FOR the Banker Bailout himself per this [...]
Bailouts and Corporatism
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Bailouts and Corporatism Plank
“A government that robs Peter to pay Paul can always depend on the support of Paul.” – GB Shaw
I opposed all the unconstitutional bailouts and stimulus plans of the Republican-Democratic Establishment. I stand against government-assisted cartelization of our nation’s industries and businesses. The actions taken so far by the government will only [...]
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