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An Introduction to Austrian Economics: Understand Economics, Understand Everything
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
(more)
Archived News Tuesday August 31st, 2010
Venus Needs Some Austrians posted 08/31/2010, 4:05 AM (Mises Institute)
[Category: Commentary]
During my trip to Haiti, I got into a discussion with my fellow volunteers about the financial crisis. Things were going quite well as we all agreed that the rich investment bankers deserved no taxpayer bailout. However, my hopes were dashed when one of the more intellectual guys suddenly declared the problem was capitalism, and that a "resource-based economy" would relieve the world of scarcity.

Apparently this idea is catching on; a reader emailed me the grandiose description of "the Venus Project." Although the people involved are admirably doing what they can to rid the world of injustice, they lack basic knowledge of economics. In the present article, I'll run over some of the biggest gaps in their proposal.

The Venus Project

According to the website,
The Venus Project is an organization that proposes a feasible plan of action for social change, one that works towards a peaceful and sustainable global civilization. It outlines an alternative to strive toward where human rights are no longer paper proclamations but a way of life.

We operate out of a 21.5-acre Research Center located in Venus, Florida.
Resource-Based Economy

For our purposes in this article, the website's section on a "Resource-Based Economy" is much more interesting:
The term and meaning of a Resource-Based Economy was originated by Jacque Fresco. It is a system in which all goods and services are available without the use of money, credits, barter or any other system of debt or servitude. All resources become the common heritage of all of the inhabitants, not just a select few. The premise upon which this system is based is that the Earth is abundant with plen... (more)

10 Statist Myths Debunked posted 08/31/2010, 4:05 AM (Josh Fulton)
[Category: Commentary]
1. Taxes help grow the economy.

Bloomberg:
In a study of 44 large fiscal adjustments in 24 advanced economies since 1975, Broadbent and Daly discovered that reducing expenditures by 1 percentage point a year boosted average annual growth by 0.6 percentage point. Raising the ratio of taxes to GDP by the same margin cut growth by an average ... (more)

A Culture of Fear posted 08/31/2010, 4:05 AM (Mises Institute)
[Category: Commentary]
Upon the collapse of the Soviet Union, Soviet foreign spokesman Gennadi Gerasimov warned the United States, "We have done the most terrible thing to you that we could possibly have done. We have deprived you of an enemy."

For nearly half a century, the elusive threat posed by the Soviet Union formed the basis of American foreign and domestic policy. Much of the United States' political and economic development was in fact a product of the government's exploitation of a supposed S
... (more)

Video: As Usual, MSM Gushingly "Predicts" Our Fascist Future posted 08/31/2010, 4:05 AM (David Kramer)
[Category: Big Brother/Orwellian]
It always starts out with the MSM doing a puff piece on some “wonderful” new technology which will make our lives “safer” and more “efficient.” From the broadcasting arm of the number one New World Order industrial corporation, General Electric, comes this story about the “convenience” of being ... (more)

White House Plans Another Fake End to Iraq War posted 08/31/2010, 4:05 AM (Antiwar.com)
[Category: Commentary]
Less than two weeks ago Americans were glued to their TVs for footage of the “last brigade” of US soldiers withdrawing from Iraq. With embedded MSNBC journalists and in-studio officials trumpeting a military victory, an America exultant in having finally “won” the war, it was extremely successful, and that 50,000 US troops are still there and hundreds of Iraqis have died since the announcement w... (more)

Government Think Tank Calls For Infiltrating Conspiracy Websites posted 08/31/2010, 4:04 AM (Prison Planet)
[Category: Big Brother/Orwellian]
Furious that state involvement in major terror attacks is being exposed to a wider audience than ever before via the Internet, a UK think tank closely affiliated with the Downing Street has called for authorities to infiltrate conspiracy websites in an effort to “increase trust in the government”.

“A Demos report published today, The Power of Unreason, argues that secrecy surrounding the investigation of events such as the 9/11 New York attacks and the 7/7 bombings in London
... (more)

Senate To Sneak Through Internet Kill Switch Bill posted 08/31/2010, 4:04 AM (Prison Planet)
[Category: Big Brother/Orwellian]
The Senate is attempting to sneak through the infamous Internet kill switch cybersecurity bill by attaching it to another piece of legislation that is almost guaranteed to pass – the defense authorization bill – in an underhanded ploy to avoid the difficult task of passing cybersecurity on its own.

“It’s hard to get a measure like cybersecurity legislation passed on its own,” Democratic Senator Thomas Carper, who is co-chair of a Senate subcommittee with cybersecurity oversi
... (more)

Marc Faber on the state of silver, gold, and commodities posted 08/31/2010, 4:05 AM (YouTube)
[Category: Economy]

World renowned economist Marc Faber sheds light on the state of t
... (more)

Peter Schiff On CNBC 08/27/10 - Monetary vs Fiscal Policy Fix posted 08/31/2010, 4:04 AM (YouTube)
[Category: Economy]

Whether Ben Bernanke has the monetary policy options to help the
... (more)

Flying Blind posted 08/31/2010, 4:04 AM (Peter Schiff)
[Category: Economy]
Watching economists and media analysts react to breaking economic news is a bit like looking at a flock of pigeons flying over the New York skyline. A true wonder of the urban landscape, the flocks can include hundreds of individuals who show an uncanny ability to stay in tight formation as the group quickly zig-zags between buildings. What may be even more remarkable than their ability to randomly fly while maintaining cohesion is the flock’s refusal to stick to any particular direction... (more)

The Fed's Biggest Bubble posted 08/31/2010, 4:04 AM (Euro Pacific Capital)
[Category: Economy]
I’ve made a living out of exposing economic fallacies, but there’s one whale that I can’t seem to harpoon. Even top-flight Wall Street analysts seem to believe that the Fed’s doubling of the monetary base after the credit crunch has not had an inflationary impact on our economy. Their logic can be summed up like so: “The money the Fed created and dropped from helicopters has all been caught in the trees.” In other words, the Fed is creating money, but it is just being held as excess reserves by ... (more)

How Regulations Grow posted 08/31/2010, 4:03 AM (Jeffrey Tucker)
[Category: Economy]
The WSJ today runs a story on cigarette rolling machines that illustrates how the regulatory state can count on private enterprise to lobby for ratcheting up regulations.

It seems that there is a tax loophole that permits role-your-own smoke
... (more)

Department of Justice Lists Survivalists, Constitutionalists in Extremism Guide posted 08/31/2010, 4:02 AM (Public Intelligence)
[Category: Big Brother/Orwellian]
A recent Department of Justice guide for investigators of criminal and extremist groups lists “constitutionalists” and “survivalists” alongside organizations like Al-Qaeda and the Aryan Brotherhood.

Not guilty. The Israeli captain who emptied his rifle into a Palestinain schoolgirl posted 08/31/2010, 4:02 AM (The Guardian)
[Category: Tyranny/Police State]
An Israeli army officer who fired the entire magazine of his automatic rifle into a 13-year-old Palestinian girl and then said he would have done the same even if she had been three years old was acquitted on all charges by a military court yesterday.

Police Sergeant Had Secret Life as Serial Rapist posted 08/31/2010, 4:02 AM (ABC News)
[Category: Tyranny/Police State]
...Mounting evidence revealed how Pelo may have used his police training and access to commit the crimes and cover his tracks.

Detectives found that Pelo's police computer had been used to run license plate searches on three of the victims. Pelo claimed that someone else must have been using his computer terminal.

"Victims described how [the rapist] would pull some of the items around from his belt. You know, the gloves that they described were consistent with what
... (more)

Bill Gates Foundation Investing In Monsanto? posted 08/31/2010, 4:02 AM (Techdirt)
[Category: Politics/Corruption]



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