“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) highlight the economic situation, updated from August and May presentation. I’ve written about the solutions to the unemployment problem, the deficit, Social Security, and the [...]
Tag Archives: federal reserve
Winner by TKO – Towne vs. the Republocrats, Round 2
“Your parties have betrayed you. Your parties have failed you. Your parties have let you down. Your parties aren’t even here!!” – from my closing statement last night Yesterday I was kindly hosted by the local chapter of Delta Kappa Gamma, a group of women educators, at Cedar Crest College in a crowded room. As [...]
Happy Constitution Day!
Today is the anniversary of the September 17, 1787 ratification of the Constitution of the United States. While the federal government no longer even pretends to follow the Constitution, I would like to write for a moment on the second-most important safeguard the founders tried to leave us. (The most important safeguard being sound money, [...]
The Imminent Failure of Funny Money
“Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country?… [Is there not] cause to tremble for the purity of our elections in peace and for the independence of our country in war?… Controlling our currency, receiving our public monies, [...]
China Devalues US Treasury Bonds
If one owes a bank a thousand dollars, he has a problem. But if one owes a bank a billion dollars, then the bank has the problem. From the four years I spent in China, I assure you this truism is not lost on the Chinese, though one must never forget the banks’ nifty little [...]
Toward a New Monetary Order by Thorsten Polleit
“The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built. It rests with men whether they will make the proper use of the rich treasure with [...]
Fractional Reserve Banking is Dead (Part 2/2)
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 [...]
Fractional Reserve Banking in Pictures (Part 1/2)
“The few who understand the system, will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class. The great body of people, mentally incapable of comprehending the tremendous advantages, will bear its burden without complaint.” – Lord Rothschild, European central banker The below [...]
Who Supports Bailouts? Jake Towne, Charlie Dent, or John Callahan?
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 article. [...]
Lessons from Greece
Below is the rough transcript of some remarks I made at the campaign’s successful fun-raiser at the American Sandwich Company in Coopersburg on June 6, the 66th anniversary of D-Day. More details on the fundraiser in tomorrow’s post. The event began with a moment of silence for veterans, especially the 5,490 soldiers who have died [...]
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