Reader Mail – 01/08/2012 To 01/14/2012

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commented on Ron Paul's Competing Currencies Proposal - A Simple Way To Reintroduce Gold And Silver As Money.
"Free market" money and deregulation enables absolute manipulation and fraud, where the government is monetizing and demonetizing currencies and where bankers are inflating one currency while creating deflation in another currency, leading to the bankers and commodity traders getting richer at the expense of the poor. Declaring silver or other commodities or currencies, in addition to gold, as legal tender will still have the problems of government corrupting commodity markets and will only create more problems and more ways for the bankers to create monetary complexity and manipulate the value of the currencies. The problem, as it has been in most of our history, is that our money is the socialized "free market" currency, where both soft or hard money is created as interest-bearing bank credit through fractional reserve banking authorized by the Congress as acceptable public legal tender, rather than true public debt-free legal tender issued and regulated by the Congress.

An absolute hard currency would be just as destructive, wasting commodities, artificially increasing the value of the commodities as governments declare them legal tender, allowing the producer or owner of such commodities to steal wealth through monetary expansion, artificial prices, and economic rent. Worse, an absolute hard currency would be deflationary, pushing people out of the economy and into economic stagnation, simply because there is not enough money to have them join the economy.

Hard currency, "free market" currency, and "free banking" are not solutions which respect the free market. They are solutions which corrupt free markets to favor aristocrats with the force of government. The government corrupts free markets in the worst possible way when it declares such "free market" currency to be legal tender. The only true free market currency is when it is left in the free market uncorrupted by government. Gold and silver are already free market currencies because the government does not accept gold and silver for payment of taxes and because banks chartered by government do not accept gold or silver for payment of debts. It is Orwellian for so-called Libertarians like Ron Paul and the Austrian School of Economics to call something free market economics when it is a corruption of economics by the government in the worse possible way. This is a common theme among Ron Paul and other supporters of the Austrian School of Economics. We see this theme again with land, with the government granting title to land and calling it "free market" economics or worse, anarcho-capitalism, when a main tenant of anarchy is that property is theft. The government granting and enforcing title to land is considered government intervention in free markets by true anarchists.

liberty revival commented on Ron Paul's Competing Currencies Proposal - A Simple Way To Reintroduce Gold And Silver As Money.

"Free market" money and deregulation enables absolute manipulation and fraud, where the government is monetizing and demonetizing currencies and where bankers are inflating one currency while creating deflation in another currency, leading to the bankers and commodity traders getting richer at the expense of the poor. Declaring silver or other commodities or currencies, in addition to gold, as legal tender will still have the problems of government corrupting commodity markets and will only create more problems and more ways for the bankers to create monetary complexity and manipulate the value of the currencies. The problem, as it has been in most of our history, is that our money is the socialized "free market" currency, where both soft or hard money is created as interest-bearing bank credit through fractional reserve banking authorized by the Congress as acceptable public legal tender, rather than true public debt-free legal tender issued and regulated by the Congress.

An absolute hard currency would be just as destructive, wasting commodities, artificially increasing the value of the commodities as governments declare them legal tender, allowing the producer or owner of such commodities to steal wealth through monetary expansion, artificial prices, and economic rent. Worse, an absolute hard currency would be deflationary, pushing people out of the economy and into economic stagnation, simply because there is not enough money to have them join the economy.

Hard currency, "free market" currency, and "free banking" are not solutions which respect the free market. They are solutions which corrupt free markets to favor aristocrats with the force of government. The government corrupts free markets in the worst possible way when it declares such "free market" currency to be legal tender. The only true free market currency is when it is left in the free market uncorrupted by government. Gold and silver are already free market currencies because the government does not accept gold and silver for payment of taxes and because banks chartered by government do not accept gold or silver for payment of debts. It is Orwellian for so-called Libertarians like Ron Paul and the Austrian School of Economics to call something free market economics when it is a corruption of economics by the government in the worse possible way. This is a common theme among Ron Paul and other supporters of the Austrian School of Economics. We see this theme again with land, with the government granting title to land and calling it "free market" economics or worse, anarcho-capitalism, when a main tenant of anarchy is that property is theft. The government granting and enforcing title to land is considered government intervention in free markets by true anarchists.

I have "comment moderation" enabled, so no need to double-post. I do have Wordpress' "auto-approve comments for people who previously had an accepted comment" feature enabled. However, that probably doesn't work if you have a non-static IP address.

Oh boy, nothing brings out the pro-State trolling like a discussion of sound money. There's more pro-State brainwashing and active ignorance on this subject than almost any other.

You are false. Free market money does not enable fraud. With gold and silver as money, people can opt-out of the banking system by holding gold and silver. In a really free market, there's no limited liability incorporation, there's a fair justice system, and corrupt businessmen will get caught.

A State gold standard with State-sponsored fractional reserve banking and limited liability incorporation *IS* evil. That is the system most people are criticizing, when they are criticizing a gold standard.

Under a State gold fractional reserve system, there's lots of problems. People lose their deposits due to the fraud inherent in fractional reserve banking.

A paper monetary system *MAXIMIZES* fraud. Why is that? The State can always print new money to bail out banks. Under a gold standard, depositors will say "WTF? Where's my gold?" Under a paper monetary system, the State merely prints new money to bail out banks. You get to keep your paper deposit, but you get ripped off by inflation.

In a free market, there's no reason to use paper instead of gold. Why would you use paper, and get robbed by inflation, when you can use gold and silver? In the present, there's a lot of laws restricting the use of gold and silver as money. In the present, there's a lot of pro-State brainwashing for why gold and silver are evil.

A paper monetary system maximizes fraud and theft. With gold and silver as money, banking power is removed from the State and returned to individuals. With paper as money, you get robbed by inflation, even if you keep your savings under your mattress. With gold and silver, you can hold gold and silver and opt out of the banking system, if it is corrupt.


Anonymous 2274 commented on Reader Mail - 01/01/2012 To 01/07/2012.
Congratulations on your first trackback! That seems to be a relatively popular site, so you should get a decent amount of traffic (as well as SEO juice) from that.

Also, I'd advise not taunting the CEO. Remember a few years ago you were thinking of giving the people who fired you some advice, but decided against it because you thought it would be in bad spirits. How much more so actually taunting someone instead of at least giving them something useful.

It was amusing to speculate about taunting him. I didn't actually do it.

Arguing in favor of doing it, there's no bridge to be burned, because the odds are zero I'd ever be working for him again. I thought about pointing out "If you hired me, and let me use a real language, you would have had a working website by now."

I'm shocked that they still don't have a beta for their simple website. I know I could have done it by myself in a month. At the other startup that failed, I know I could have done it by myself in a month also.

The CEO did seem reasonably intelligent. On the other hand, maybe he wasn't so intelligent, if he hired incompetent losers to implement his website for him.

Regarding SEO, I'm now #1 for "node.js sucks" and #10 for "real free market" (no quotes for either). I wonder if Google biases its search results based on what I do?


Anonymous Coward commented on Carrier IQ.
People need to move to real operating systems.

BeOS, FreeBSD, Haiku...

Nothing stopping the above on a laptop and laptops can be pretty small nowadays. Not sure about getting the right drivers though.

People need to wean themselves off Google and Microsoft.

I only have the Windows OS (Windows 7, bundled with my PC). I decided to use OpenOffice instead of MS Office. I imported some old C++ code into VS 2008, it didn't work, and I rewrote it in PHP.

If you want to buy games, you do need Windows. Other than that, I'm mostly done with my Microsoft dependence. My blog is 100% web-based and Linux-based.


Anonymous Coward commented on Romney Firing People.
> He worked as a hedge fund manager doing leveraged buyouts.

I think it was on The Keiser Report that I learned what a leverage buyout actually is. It is when a bank loan is obtained using the assets of the company about to be purchased as collateral for the loan.

So these clowns buying the company to sell the pieces, don't even put up their own money. They don't even take real risk. If it is a bank loan from the fractional reserve system, the money comes from thin air.

So you are right, these clowns are just exploiting defects in the system.

I once worked with an ex-banster. I always wondered why he preferred to steal and cheat clients, rather than do honest work. I could never work it out. He could have made more money by doing honest work than stealing, lying and cheating!

Anonymous Coward commented on Romney Firing People.

> “Elections give you a chance to fire politicians.”

In the United Kingdom, only 1 in 5 of the population voted for David Cameron yet he is now Prime Minister!

This clown wasn't even voted in!

I thought that, in the UK system, you don't get to directly vote for Prime Minister. The party with a majority gets to pick the Prime Minister. Right now, there was no majority, and he couldn't make a deal with other parties, so he gets to be Prime Minister without a majority.

Anonymous Coward commented on Romney Firing People.

> I thought that, in the UK system, you don’t get to directly vote for Prime Minister.

You are correct. I should have said "Only 1 in 5 of the population voted for the Conservative (Tory) party".

More specifically 40% of the population did not vote and so about 34 - 35% of the 60% that voted, did vote Tory.

David Cameron did a deal with the LibDem party to get into office. Reports say that David Cameron told his negotiators to give the Liberal-Democrats anything they wanted to get into power. So much for David Cameron being a man of principle!

In all his promises and election speeches that got dropped was the pledge to raise the threshold of inheritance tax to 1 million pounds. This sounds a lot but property prices in the south-east of England are higher than the inheritance tax threshold.

Originally inheritance tax was just meant for the very rich. But house and flat prices have risen so much, that if your sister or aunt dies the government will steal your house and throw you out on to the street in order to pay the 40% inheritance tax. Tax should be proportional to the ability to pay. But no ordinary person with an ordinary job can afford 40% of house prices given they have gone up so much and so fast over the past decade.

That is why evil David Cameron and slimy Euro gravy-train Nick Clegg want to prop up property prices by getting the government to underwrite bank mortgages.

The government gains its money by stealing peoples' homes in the worst of times.

These are unprincipled men.

If your sister dies, David Cameron and Nick Clegg will steal your house and throw you out into the street. They don't care.

You also should subtract the people who work directly for the State.

If more than 50% of the people work for the State, then it's impossible to shrink the State via voting.

Anonymous Coward commented on Romney Firing People.

>If more than 50% of the people work for the State, then it’s impossible to shrink the

>State via voting.

I think we are already there in the UK. I did hear a year or so ago, that around 50% of our country's GNP comes from the State.

In Wales something like 25% of the population are directly employed in government.

In London there is a Key Worker's scheme whereby government employees get cheap housing. It may sound like a good idea, but what about the people that don't work for government. Should they just have to leave their homes, travel for hours everyday, give up work due to high rents and low wages or just move to another part of the country or just leave the country altogether...

You also should count indirect State employees. If you work for the unionized State electricity monopoly (Con Ed in NYC), then you're really an indirect State employee. Financial industry workers count as indirect State employees.

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