Great WSJ Article by James Grant

I'm sorry sir, but I fail to see how anyone could twist this story around in favor or Murdoch. He had nothing to do with this article, because if he did, it probably wouldn't have been posted.

These guys don't kill off every single article that they aren't in favor of. That would be a little obvious, don't you think?

http://federalfallacy.com

Since Murdoch took over the wall street journal it went downhill fast. They were really bad with smearing Ron Paul during the campaign, and I dropped the paper for that reason.

Why would Murdoch print what appears to be an anti-Fed piece? Maybe he and his buddies will soon provide an alternative such as a North American currency, or maybe we join into the Euro.

At any rate, this is an opportunity to educate. We can save ourselves by allowing competition in currencies.

First, it is important to understand that every single fiat monetary system, particularly total fiat systems, fail and usually cause a societal dissolution with a collapse not only in the economy but also in the government.

This government has been technically bankrupt for several years and now it is moving into the effective state of bankruptcy. What do you think happens when a bankrupt government tries to survive? Unlike businesses, this government has a wonderful tool that it uses to keep itself afloat, or at least to keep up the appearance of solvency and that is the Federal Reserve, it's most favorite chartered monopoly. The problem is that since the FED must manipulate the markets through monetary policy there eventually becomes massive distortions in the mechanisms in both the fiat monetary system and the fiat economy; these distortions can only be maintained for a given period of time before the distortions become terminal to the entire system.

Since 1971, we have been subjected to this totally artificial fiat system and to the manipulation that is required to keep it functioning to any effective degree, but as I said, that can only last as long as the distortions are not trumped by the very powerful market forces that always seek an equilibrium within the market economy. Basically, we are at the end of the Debt Standard of Money.

Now, to gold, the only thing that has been shown throughout history to restore stability to a society that has been subjected to a fiat system is gold. Every society that collapses under fiat monetary systems always have to revert back, not only to sound money, but to sound policies of market economics.

The very unfortunate part of all this is that we, the People of this country will suffer because of this government's greed for power and wealth. So, to protect yourself and your family, gold and silver have been shown to provide a store of value even in the most distressed periods of economy collapse. Along with gold and silver, trade goods are always a prefect protection that will allow you to barter for other goods and services. I suggest loading up on small bars of travel soap, razor blades, spices, medicines, matches, lighters, batteries, etc, for the sole purpose of barter.

http://www.1776solution.blogspot.com

"If I want to be free from any other man's dictation, I must understand that I can have no other man under my control." ~William G. Sumner