Saturday, November 22, 2008

What is the goal?

The greatest temporal challenge we face as a nation is our monetary system.

Destruction and Robbery

We labor under a monetary system which is designed to destroy.

Lenin plainly stated that the system we now operate under would end in our destruction as a free society. The Five Guys Analogy illustrates that the process of inflation causes a wealth transfer. Keynes, speaking about Lenin as well as Keynes own views, stated the following:

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some… Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

The Economic Consequences of the Peace, John Maynard Keynes, 1919

Our nation is being robbed. You are being robbed, or you are robbing others. There is no middle ground. We must understand this as a nation. It is true.

The Printer and the Producer

In terms of money, consider this very simple illustration. We will remove all the middle men and rules in order to have a clear picture of what is happening to us.

Imagine you own a house, which you worked hard all your life to pay for. Let's say it cost $100,000.

Now imagine that you are going to sell that house. There are two buyers who are interested in purchasing your home. One offers you paper money and the other offers you gold.

The paper money is identical to the dollars you use every day, but was printed in the garage of the first buyer the same morning he came over to make an offer.

The gold was mined from the ground and refined by the second buyer. The gold came from property the second buyer worked for and the mining and processing was done using labor and equipment he owned or leased.

To which one will you feel better about handing over your house keys?

Would you sell to the producer or the printer?

If you sell to the printer you are exchanging your labor and productivity for an illusion of value.

If you sell to the producer, you are exchanging labor for labor, productivity for productivity.

Further analysis will follow in another post to illustrate how fractional and fiat money provides for transfer of property into the hands of persons who have no right to the property.

Crisis Pregnancy and Planned Parenthood

Suppose you have a desire to protect unborn children. Maybe you hold the view that those female fetuses, young ladies who are a few days old, also have a right to life. Maybe they should have a choice. The fifth amendment states:

No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offence to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

Our first property rights are for our own person. It seems that abortion would be illegal based on the fifth amendment, if for no other reason. Surely an unborn baby has broken no law worthy of death.

In any case, suppose you hold the view that abortion is wrong, as I do. If that is the case, then you want to work to protect the unborn.

The current environment we operate under is as follows:

Local Crisis Pregnancy Centers are under-funded and staffed by volunteers. They are strictly limited with regard to presenting the pro-life position in schools.

On the other hand, Planned Parenthood is provided with millions of dollars each year by the government, in order to promote the practice of abortion. They have open doors in the schools. In some places school officials can assist young girls with an abortion without parental notification. Their cause is promoted in the media and by the government.

Best Protection

The most effective action we can take is to cut off their funding and keep our own productivity. In this way the crisis pregnancy centers are strengthened, the propaganda is dramatically decreased and Planned Parenthood will have to raise money based on merit, rather than coercion of the people by government.

So... What is the goal?

Ideally we want to abolish the federal reserve and return to a sound money system. However, that is an enormous obstacle to overcome.

Here is what we can do now: We can tell the truth. We can educate our citizens. We can help people understand what government has done to our money.

Once we do that, let's see what follows. Maybe people will object to being robbed and demand real change.

No comments: