Sep

17

What the Anti-Free Market Capitalists are up too

Filed Under Economics, Federal Reserve, National, Thomas Jefferson | Leave a Comment

That would be the FED and their Wall Street cronies for the unenlightened.
Thomas Jefferson knew the dangers of a central bank and fiat money in his time.
“Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs.” –Thomas Jefferson to Thomas Cooper, 1814

And he knew that they would corrupt everything they touched including the Congress.
“The bank mania… is raising up a moneyed aristocracy in our country which has already set the government at defiance, and although forced at length to yield a little on this first essay of their strength, their principles are unyielded and unyielding. These have taken deep root in the hearts of that class from which our legislators are drawn, and the sop to Cerberus from fable has become history. Their principles lay hold of the good, their pelf of the bad, and thus those whom the Constitution had placed as guards to its portals, are sophisticated or suborned from their duties.” –Thomas Jefferson to Josephus B. Stuart, 1817.

Now back to the moneyed aristocracy of our time:

Free market capitalism: A ‘peek behind the curtain’

“It is a popular myth that financial markets are based on principles of capitalism,” observes Ron Rowland in his All Star Investor newsletter, adding, “but the opposite is closer to the truth.”

Assessing what he calls the Federal Reserve’s moves to “buy Wall Street,” he offers a straight-forward overview of the current situation and a “peek behind the curtain” of free markets and Wall Street.


READ ON

Apr

27

Thomas Jefferson and the forces of reaction

Filed Under History, Libertarian, The American Revolution, Thomas Jefferson | Leave a Comment

In this clip from HBO’s miniseries “John Adams”, Thomas Jefferson expressed his fears about what might come out of the constitutional convention in Philadelphia. Always the champion of small decentralized government he feared whatever the federal constitution became, “it could prove a breach in the integrity of our revolutionary ideas through which would pour the forces of reaction”, and reinstitute the tyranny’s that they had fought to destroy. Sadly, he would be proven correct as we see today. The constitution has be trampled upon, its laws reinterpreted to centralize political power in Washington D.C. at the expense of our liberty and property.