What the “moral hazard” critics overlook is the economic impact on those of us who rely primarily on wages to get by. Hiccups in the current monetary and financial system in the immediate term that change the wage earners standard of living have a greater detrimental impact versus those individuals buttressed by the ownership of claims on income. While it behooves the wage earner to reduce his or her exposure to the current monetary and financial system, the short-term bandage on this injury should be applied. The wage earner should bear in mind that this fix is short-term and that it is up to us to seek out a longer-term solution.
The Interbank Market News Scan: An arbitrage moment for U.S. banks
Morning thoughts … When I listen to the YouTube posse opine about the Federal Reserve’s use of its monetary policy … More
What should your currency be backed by? Deposits of gold, silver, land, food, and knowledge.
Currency derives its value from the underlying money we spoke of earlier. Currency is a promise that per one unit of this derivative we receive some portion of the underlying money. Currency not only is a derivative, it’s a bond, a promise to pay real money, but in this case, a promise that is not backed by real money.
Using the Constitution to determine what your relationship with government is
The main body of the Constitution is where the political factions and their representatives play; where they determine the structure of and constraints on the government. There is little to nothing that you can do about the structure and constraints of the government. There is nary a mention in the seven articles of the Constitution of the citizen or the rights the citizen may have.
Your attention should remain on making sure that the promises contained in the amendments are kept.
Time to Repeal the 16th Amendment.
The 16th Amendment 110 years later is doing nothing but extracting our energy with nothing received in return.
Why you should get to know your government representatives.
, you are capable of being an advocate for your community needs. There are steps that you can take to ensure that your elected official’s campaigns and decision-making take into account your narrative. Getting to know your representatives is an important approach to expanding your influence on the political process.
Live blog: US Senate Committee on Natural Resources State of the US Territories
10:09 am. Senator Joe Manchin-The territories and the freely associated states are important to the United States’ security. The challenges … More
The Journey Begins
Thanks for joining me! Good company in a journey makes the way seem shorter. — Izaak Walton