There we were, standing in a dilapidated kitchen holding sponges and paint scrapers. A big bucket of wall cleaner sat on the corroded tile floor next to us. We knew it would take a monumental effort to renovate this house. My friend George asked “How does it feel to be David Rockefeller’s scum scraper? I said “Darn, how did we ever allow the Trilateral Commission to take over our lives? Then we laughed. We were heavily into conspiracy theory.
Members of the political and financial establishment prefer that you place your faith in their paper promises. In addition, you must trust the Central Banking system. You should avoid the barbaric relics gold and silver, unless of course you’re purchasing jewelry. Make sure you have a credit card available. You don’t want to handle those nasty germ-ridden bills.
A version of this article appeared on Laissez Faire Today as “Gold’s Redheaded Stepchild is Stumbling Back.”
Don’t you think we ought to find out if silver is a rock-solid investment. Of course, if you prefer to believe in Federal Reserve promises, you don’t need to read the article. Maybe you get the “warm fuzzies” listening to Janet Yellen and company.
Western Civilization teeters on the verge of collapse. The social and economic policies of the political and financial establishment sinks as a bloated mixture of quack Keynesian economics and spurious socialist dogma. You may believe the stock market indicates otherwise; however, any free market economist can expose the so-called recovery as a fraud. In addition, most people show no love for rational selfishness and laissez faire capitalism.
You may be wondering how it’s possible for us to feel any love towards fellow human beings…when so many seem to be caught up in a whirlwind of evil doings, while others apathetically put up with it. Ayn Rand stated “Evil requires the sanction of the victim.”
Doesn’t it perplex you that people search outside of themselves for answers to life’s problems. One of the worse places to seek answers is the government. Of course, greedy, altruistic people promise to supply the solutions. One quick glance at our economic woes tells us this isn’t the place to look.
During Ronald Reagan’s inaugural address delivered on January 20, 1981, he said “In this present crisis, government is not the solution to our problems: government is the problem. Well, things haven’t changed. People still believe in the illusion of government solutions to economic problems.
Although there have many “isms” to designate the various social systems that have existed throughout history there are basically only three. They are Capitalism, Socialism and Interventionism. We can place all the “isms” in one of these three categories.
Capitalism is an economic concept of civilization that requires the private ownership and control of the means of production.
Socialism is a system of social organization that calls for public (state) ownership of the means of production. The totalitarian state owns everything and everyone’s life.
News Blitz: The Federal Reserve System’s War on Honest Money Will Eventually Create an International Monetary Crisis.
You may not know it, but the Fed’s currency manipulation schemes threaten to bring down the international house of monetary cards.
In Antony P. Mueller’s brilliant article What’s Behind the Currency War? from FEBRUARY 23, 2011 which is still pertinent, he states:
We can place booms, busts, bubbles and economic catastrophes firmly on the lap of the Federal Reserve System. Individuals such as Alan Greenspan and Ben Bernanke should have know better…yet they contributed to monstrous booms that finally collapsed, leaving many people’s financial and personal affairs in complete disarray.
Around the hard money camp, these “prestigious” Fed Chiefs are known by their nicknames “Bubbles” Greenspan and “Helicopter” Bernanke. I’m not sure if old Alan got his nickname from his preference for bubble baths or bubble economies. Bernanke once remarked something about tossing dollars out of helicopters.
In this article, we’re concentrating on the monetary policies of Alan Greenspan. Let’s find out if his tenure as Fed Chief violates the economic policies Objectivists believe in. Is he a traitor to Objectivism?
A person leaves school and vows he will never be subject to that torture again. The result: The disillusioned individual often drifts through life with a closed mind…and a resistance to new ideas and new ways of living. The virtues of Objectivism, reason and laissez faire capitalism remain outside of his awareness. Eventually, he (she) settles into a comfort zone of boredom and stagnation. Finally, his life becomes unsettled, filled with one crisis after another. A changing world won’t let him cling to his uninspiring routines.
Do you realize two conditions must exist in order for the majority of people embrace the sanctity of individual rights? Men and women have to adopt the virtue of rational selfishness and support the social system of laissez faire capitalism. Unfortunately, we’re saddled with the anti-life philosophy of social altruism layered with politically correct BS. What do we end up with? A mixed economy spiraling towards fascism.
Rational Selfishness and the Sanctity of the Individual’s Life, Liberty and Property
Consider this. If people no longer respect the sanctity of the individual’s life, liberty and property…how is it possible the positive emotions of love, happiness and joy can thrive? Tragically, there are too many shortsighted individuals seeking benefits without giving much in return. Our current social and economic situation confirms this fact.
Fortunately, there are rationally selfish individuals who believe in trading value for value…possessing the integrity to practice this in their everyday activities. That’s the way of the Objectivist Warrior. He consistently displays rational selfishness in his thoughts, feelings and actions.
Here’s what Ayn Rand says about rational selfishness.
In the last article “Should Teenagers Be Exposed to Objectivism, I pointed out that Timothy Sexton’s article “Warning: Your Teenager May Be Reading Ayn Rand” completely misrepresents Ayn Rand and Objectivism. Let’s see if he does better with his analysis of capitalism.
You may be wondering how he could possibly have a decent grasp of the marvelous social system of capitalism…since he doesn’t seem to recognize the benefits of Objectivism. Well, as we will soon see…like most social altruists and progressives he just doesn’t get it.