We Are Trapped in a Truman Show Directed by Psychopaths; The Fed Is Not "a Good Idea that Became Corrupt": It Always Was Corrupt; Who Pays Wealth Tax: The Rich or the Poor?
Banks Developing Technology To Track Gun Purchases Under Guise Of Flagging Potential Mass Shooters; Matt Taibbi Dominates Munk Debate: Let It Be Resolved - Don't Trust Mainstream Media
We Are Trapped in a Truman Show Directed by Psychopaths
By Jim Quinn
“Whether in actual fact the policy of the boot-on-the-face can go on indefinitely seems doubtful. My own belief is that the ruling oligarchy will find less arduous and wasteful ways of governing and of satisfying its lust for power, and these ways will resemble those which I described in Brave New World. Within the next generation I believe that the world’s rulers will discover that infant conditioning and narco-hypnosis are more efficient, as instruments of government, than clubs and prisons, and that the lust for power can be just as completely satisfied by suggesting people into loving their servitude as by flogging and kicking them into obedience.” – Aldous Huxley – Letter to George Orwell about 1984 in 1949
“There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution” ― Aldous Huxley
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The Fed Is Not "a Good Idea that Became Corrupt": It Always Was Corrupt
“It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning.”
Banks Violate Their Depositors’ Property Rights
“As I note in chapter 5 of The Jolly Roger Dollar, the key to the success of free markets is the establishment and defense of property rights. Government law has never recognized the right of depositors to their property, meaning their deposits. Alan Greenspan in his famous 1966 essay writes:
Since it is rarely the case that all depositors want to withdraw all their gold at the same time, the banker need keep only a fraction of his total deposits in gold as reserves. This enables the banker to loan out more than the amount of his gold deposits.
[This is “fractional reserve” banking, next paragraph. Evil. - JRD]
Observe the language: “the banker need keep only a fraction of his total deposits.” How different the impact of that sentence would be if Greenspan had said: “The banker need keep only a portion of his customers’ property, which they entrusted to him for safekeeping”:
As Rothbard observed, a bank that fails to meet its deposit obligations is just another insolvent, not an embezzler. Following the British ruling in Foley v. Hill . . . in 1848, U.S. courts consider that money left with a banker is, "to all intents and purposes, the money of the banker, to do with as he pleases.” This holds even if the banker engages in "hazardous speculation." Thus, according to the state there can be no embezzlement because the money belongs to the bank, not the depositor. (The Jolly Roger Dollar, chap. 4)
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Who Pays Wealth Tax: The Rich or the Poor?
“Spain's government is attempting to levy a wealth tax ostensibly to be ‘in solidarity with the poor.’ Because wealth taxes ultimately help lower real wages, there will be more poor people to share in the ‘solidarity.’"
“In short, any tax levied on the accumulation of wealth or capital, such as the existing wealth tax or the announced ‘solidarity’ tax, always ends up exerting a harmful impact on workers, particularly the most vulnerable in relative terms, who would benefit the most from an increase in their productivity if they had more and better capital equipment.”
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Banks Developing Technology To Track Gun Purchases Under Guise Of Flagging Potential Mass Shooters
"But as this is implemented, those scenarios will be used..."
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Matt Taibbi Dominates Munk Debate: Let It Be Resolved - Don't Trust Mainstream Media
“Like scientists, journalists should be able to reproduce each other’s work in the lab. With too many anonymous sources, this becomes impossible.”
“On Wednesday night, veteran journalist Matt Taibbi and bestselling UK author Douglas Murray mopped the floor in a Munk debate over why public trust in mainstream media has fallen to an all-time low. Their opponents, Canadian journalist Malcom Gladwell and the New York Times' Michelle Goldberg, were... shall we say, unpersuasive in their arguments that essentially boiled down to 'so what if we get a ton of stuff wrong, when it comes to the big picture, we get it right!'“