5 Reasons Libertarians Hate the Federal Reserve by Patrick Morris, The Motley Fool Feb 9th 2014
We're years away from the next Presidential Election, but media outlets have been abuzz this week about likely candidates for both the Democratic and Republican Parties in the 2016 Election. Sure, there are known favorites on each side, like Hillary Clinton and Chris Christie. But remember, in the Democratic Party primaries as late as January of 2008, Hillary Clinton held a commanding 47% to 32% lead over Barack Obama, so a current off the radar candidate could certainly emerge as the eventual candidate on either side as the years progress. I'm not here to give you advice on which candidates to vote for, and instead what companies to vote for with your dollars, but I'm here "to educate, amuse & enrich." And with Janet Yellen taking the helm of the Nation's central bank, let's take a look at why Libertarian Party isn't the biggest fan of the Federal Reserve.
1. The true end of the gold standard The Libertarian Party was founded in 1971 by MIT Graduate David Nolan after the Nixon Administration announced it would no longer convert dollars to gold at their official exchange rate,
ending the partial gold standard which the U.S. had been on since 1933, allowing the dollar to begin its floating rate which we now know as standard today. From that day forward the Libertain Party has since abdicated for the end of the Federal Reserve as we know it today. 2. Unmet mission Created in 1913, The Federal Reserve was established by Woodrow Wilson to conduct the monetary policy (overseeing the supply of money) of the US, supervise and regulate banks, contain systemic risks to ensure the financial system is stable, and provide financial support and services to the US Government and financial institutions. Harry Browne, a Libertarian who ran for President in 1996 and 2000 was quoted as saying, "the Federal Reserve has been an absolute disaster," and believed that the various financial crisis's since then have shown that the Federal Reserve has been unable to "provide the nation with a safer, more flexible, and more stable monetary and financial system," which is its intended purpose.
3. The "too big to fail" reality During the most recent financial crisis, the Federal Reserve was instrumental in providing the necessary backstops and support of various banks, financial institutions, and even some auto manufacturers in the form of Government bailouts. This helps explain why it has gotten so large. Yet the Libertarian Party stands against such actions because the bailouts are pictures of the government involving itself in private affairs, which it staunchly stands against. 4. A vivid example of big government The Libertarian Party notes it is "The Party of Principle," and it supports "Minimum Government, Maximum Freedom." When you consider the Federal Reserve sets interest rates which effect every consumer and has assets of north of $4 trillion, it is largely the antithesis of "minimum government." 5. The privatization of the money supply Although the Federal Reserve is a part of the government, it does act separately from the three primary branches of government -- the legislative, judicial, and executive branches. The Libertarian Party takes issue with this, and believes that the control of money should be given back to Congress, which is what it asserts in the Constitutional mandate. As with all political parties, there are always two sides of every argument and reasons both for and against certain things, but there is no denying the Libertarian Party is not a fan of the Federal Reserve. Will Libertarian fight to end big banks? Do you hate your bank? If you're like most Americans, chances are good that you answered yes to that question. While that's not great news for consumers, it certainly creates opportunity for savvy investors.
That's because there's a brand-new company that's revolutionizing banking, and is poised to kill the hated traditional brick-and-mortar banking model. And amazingly, despite its rapid growth, this company is still flying under the radar of Wall Street. For the name and details on this company, click here to access our new special free report.
Finding Happiness: Knowledge Is Power, Ignorance Is Bliss, Happiness Is Somewhere In Between By Paul Hudson Feb 7, 2014
Knowledge is power, and ignorance is bliss. Does this mean that the powerful can’t be happy? It just very well may. Let’s face the facts: The world isn’t all rainbows and unicorns. Terrible acts are committed every minute of every day. Even our very own lives are laden with painful memories and awful situations. Thus, without knowledge, where would we be? Those with more information are almost always on top. Without information and knowledge, you can’t get ahead in life. So what do you do? Do you choose sides? Do you try to find a balance between knowledge and happiness? Tradeoffs need to be made. Know what you’ll be trading off and you can make the right decision yourself. Our capacity to understand, store and process knowledge on such a complex level is what differentiates us from the remainder of the animal kingdom. Our brains are what make us superior; it’s an evolutionary adaption that we, as a species, have developed as a means not only to survive, but also to flourish.
We are born to think, to learn and to innovate. Choosing to remain ignorant goes against human nature. The only question that remains is whether or not more knowledge is better. We all want things in life — different things, but each of us has hopes and dreams, nonetheless. In order to get what we want, we have to act; we have to do something. In order to know which actions we should take, we must have information. Without knowledge, we cannot make progress. Attaining said information isn’t easy, either, because it requires time and effort. Smaller goals will require less information and therefore, less time and effort. However, our largest life goals require a whole lot of experience and thus, a whole lot of time and knowledge. Attaining information itself comes at a price. Unfortunately, life doesn’t allow us to choose what we witness, what information we take in, what life teaches us and the way the information affects us. We experience everything we are privy to. No information is learned singularly, but rather, along with everything else our mind is taking in at the moment of experiencing. In the course of gaining experience, we are bound to come across knowledge that destroys our ignorance. The more we live, the more we experience, the more we learn, the more knowledge we attain and the more we change as a result. It’s a process that can’t be stopped, only slowed. But should we slow it? Do we really even want to slow it, or is our fear holding us back? Fearing knowledge sounds silly, but we all feel it from time to time. There are questions we don’t all want to know the answers to. How does it feel to have your leg blown off? How does it feel to kill a man? Does my girlfriend really love me? Is my husband cheating on me? We are all curious to know how such things feel; it’s only human. But because we know these things are almost always associated with pain, we would prefer not to find out — even if, in some cases, we may be better off knowing. What we fear is being worse off for having the information than before, when ignorance blinded us from the truth. Some things we know we will be worse off knowing, like what it means to lose a limb or a loved one, for example. Others, we simply fear that we are going to be worse off knowing. We fear that by knowing, we will lose something, a loss aversion of sorts, even if what we are losing is the blissfulness that is often associated with ignorance. Not knowing information that causes us pain and leaves us worse off is obviously more pleasant than knowing that information. So, do you remain ignorant of all things that can cause you pain? I wouldn’t recommend it. It’s most often what hurts us in life that teaches us the most profound lessons. By remaining ignorant, you aren’t experiencing all that life has to offer. Sure, it’s not always pretty, but it’s reality. This is the world you live in, the world you are a part of. However, what matters more than knowledge itself is what knowledge you choose to focus on and expand upon. We may not have complete control over what experiences come our way while we journey through life, but we do get to choose which roads we take. That’s what makes all the real difference. You have to choose for yourself what you learn and what you ignore. As far as I go, I’ll take whatever I have to in order to get to where I want to be.
Mind Control In American Politics: The False Left/Right Paradigm By libertycrier.com February 10, 2014 Having been immersed in the left/right facade their entire lives, many have begun to see the world and those around them through that prism. Either someone is on the same “side” as they are, or they are the enemy. There is no room for nuance, no subtle distinctions to be made, no room for alliance or cooperation on matters of great import. Perhaps most devastatingly, there is now little room for any analysis of the powers behind the political throne, the oligarchical financial interests that could care less whether this or that President has a “D” or an “R” next to their name, whether a Prime Minister is “Labour” or “Conservative,” whether an MEP identifies with the “left” or the “right.” Deprived of this understanding of the real nature of political power, the public is truly powerless to identify the real problem at the root of today’s political crisis, let alone even begin to address it. Mind Control in American Politics VIDEO BELOW http://www.youtube.com/watch?v=5eInuuLp1Dw G Edward Griffin Discusses the False Left Right Paradigm VIDEO BELOW http://www.youtube.com/watch?v=SvXSrQ0PoO0 Judge Napolitano Explains the False Left/Right Paradigm VIDEO BELOW http://www.youtube.com/watch?v=5FaSGWJ1R4Y MSNBC's Dylan Ratigan touches upon the false left/right paradigm 8/10/11 VIDEO BELOW http://www.youtube.com/watch?v=iKQLaZODghI Explaining the left-right paradigm to a co worker! VIDEO BELOW http://www.youtube.com/watch?v=-Kw7j4lbDB4
INFOWARS.COM BECAUSE THERE'S A WAR ON FOR YOUR MIND