According to Murray Rothbard of the Austrian School of Economics -- and thoroughly documented by him in A History of Money and Banking in the United States -- banking panics and the resultant depressions occurred often in the 19th century, but always because of the same factor: collapse of the credit part of the money supply which had been created by fractional-reserve lending. In other words, by de-facto bankster counterfeiting.
Tuesday, December 29, 2009
Sunday, December 27, 2009
Just play!!
Neither a winner or a loser be. Just play!! --L. Reichard White, Sunday, December 27, 2009 9:24 AM
Monday, December 7, 2009
Windfall Profits?
WHY RETAILERS LOVE GIFT CARDS: 19% of gift cards aren't redeemed at all, those who do redeem them spend 14% more than the face value of the card. AND some have expiration dates. --Jane Wells, CNBC, Friday, October 09, 2009 1:02 PM

Just ONE Climate Question - - -
- - - for ANY global warming advocate:
"Why was the soundbyte changed from 'Global Warming' to 'Climate Change'?" --L. Reichard White, Monday, December 07, 2009 11:52 AM

"Why was the soundbyte changed from 'Global Warming' to 'Climate Change'?" --L. Reichard White, Monday, December 07, 2009 11:52 AM
Monday, November 9, 2009
Smartest guy in the room?
Mr. Obama's Chief Economic Adviser, Larry Summers is regularly described as "the smartest guy in the room."
He is!
When he's the only guy in the room.
Or U.S. Treasury Secretary Tim Geithner is the other occupant. --L. Reichard White, November 3, 2009

He is!
When he's the only guy in the room.
Or U.S. Treasury Secretary Tim Geithner is the other occupant. --L. Reichard White, November 3, 2009
Saturday, June 28, 2008
Asymetrical separation
Separation of church and state means the government has nothing to say about religion, not that religion has nothing to say about the government. --l. reichard white, November 27, 2007
Friday, June 20, 2008
Notes on speaking the truth
You will know you have spoken the truth when you are angrily denounced; and you will know you have spoken both truly and well when you are visited by the police. -- J. B. R. Yant
Tuesday, May 27, 2008
Occam's Razor -- and Einstein's Caution
"All other things being equal, the simplest solution is the best." --William of Ockham (with apologies)
"Everything should be made as simple as possible, but not simpler." --Albert Einstein
Tuesday, May 20, 2008
"Don't tell them, then it will not exist" --Goebbels
Debates Ignore Questions About Presidential Power and Civil Liberties
A new study by the watchdog group Media Matters has found that Democratic and Republican candidates have been asked few questions about their views on executive power, the Constitution, torture, wiretapping, or other civil liberties concerns during the first 17 presidential debates. According to Media Matters there has been only one question about wiretapping. Not a single question about the Foreign Intelligence Surveillance Act or renditions. The words "habeas corpus" have not once been spoken by a debate moderator. Candidates have also not been asked about whether telecoms should be granted immunity over their role in domestic spying. Last week's debate ended with Senator Hillary Clinton being asked whether she preferred diamonds or pearls. The question was asked by a UNLV student who has since said that she was forced by CNN to ask that question instead of a pre-approved query about the Yucca Mountain nuclear waste repository. --Democracy NOW! November 20, 2007
Tuesday, May 6, 2008
The ULTIMATE Mockingbird
Operation Mockingbird was the seminal PsyOps (psychological operation) instigated on the U.S. public beginning in the early '50s, and a natural evolution of war induction and maintenance which officially began in the U.s. with President Woodrow Wilson's creation of the "Committee on Public Information"
William Arkin in the online Washington Post, Feb. 1, 1999, described a voice-morphing technology developed at the government’s Los Alamos laboratory. Arkin reported that digital morphing, including appearance, “has come of age, available for use in psychological operations.” --Why Were The Tapes Destroyed?, By Paul Craig Roberts, 04/02/08 "ICH"
Sunday, April 27, 2008
The REAL Enemy?
"The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it." --Laurence Fishburne as Morpheus, THE MATRIX
Thursday, January 31, 2008
Epitaph?
"To grasp the horror of military Keynesianism, consider this statistic: By 1990, production for the Department of Defense amounted to 83 percent of the value of all manufacturing plants and equipment in the US. Only 17 percent of the US manufacturing base actually made products not meant to kill."--Trends for Downsizing the US: The Bright Side of the Panic of ‘08, Sunday, 27 January 2008, Christopher Ketcham
Tuesday, January 15, 2008
Monopoly buster
... the monopoly of the use of force [by government] is a European concept. It’s not an American one. A State Monopoly in violence is explicitly forbidden by the 2nd Amendment, just as a State Monopoly on press, assembly, or church is forbidden by the 1st. --Dan tdaxp, Ungoverned Megacites, 03 Nov 07 at 9:57 pm,
Wednesday, January 2, 2008
Pots & kettles
What exactly does it mean when the biggest bully on the block -- the U.S. Government, for example -- calls someone else a "troublemaker?" --L. Reichard White, Oct. 28, 2007
Saturday, December 29, 2007
Assassination Politics, Part 23
My mysterious tipster tells me that there is a rumor inside the Beltway that during a recent PDB, or Presidential Daily Briefing, the subject of Ron Paul was raised. The rumor goes that President Bush made a comment about Ron Paul becoming President, and Vice President Dick Cheney snapped, "If he gets too close, we will just kill the son of a bitch." --http://www.freedomscribe.com/
Tuesday, December 11, 2007
The Technique of Inflation
"The technique of inflation demands that governments and their agencies shall continuously deceive the public about the fact, the speed and the duration of inflation intended. Ministers of finance have no option but to employ what has been called 'the necessary untruth'." Professor W.H. Hutt, quoted by Mogambo Guru, Cheaper to Freeze to Death, Oct. 23, 2007
Wednesday, November 28, 2007
Standard deviation
MBAs were all doing the same thing, all evaluating these [financial market] vehicles the same way. Partly as a result, we have a 25 sigma event -- which should happen only once every 10,000 years -- and now they had one every day for three days in a row. --CNBC guest, 3:52 PM 10/23/2007
Tuesday, November 20, 2007
Krauthammer's razor
I fall back on Krauthammer's razor (with apologies to Occam): In explaining any puzzling Washington phenomenon, always choose stupidity over conspiracy, incompetence over cunning. Anything else gives them too much credit. My opinion Charles Krauthammer: Pelosi should concentrate on modern-day genocide, azstarnet.com, Published: 10.20.2007
Wednesday, November 14, 2007
Nemesis
Chalmers Johnson has written a book: "Nemesis. The last days of the American Republic." In it he compares present day American Imperium with the Roman Empire. At the height of its power it had 38 military bases around the world. Today USA has 737. Military expenditure has cost America two thousand billion dollars and bankrupted the country. The only thing keeping the economy going is the investment money pouring in from Japan and China. If that dries up, total economic collapse. China is already starting to direct its money towards the Euro. I have heard mutterings lately that Saudi Arabia is wanting to price its oil in Euros. If that happens Chalmers predicts America will collapse within 24 hours. --john leleu, Sat, 20 Oct 2007 14:58:53 +1000 (EST)
Monday, November 5, 2007
God said it, I believe it, and that ends it.
OK, if God said it I'd believe it too. But why do you believe the guy who told you God said it? --L. Reichard White
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