Ron Paul in Ohio on Monday Posted by Matt Hawes

Posted 03/07/10 Last updated 03/08/10

This Monday, March 8, Dr. Paul and Judge Napolitano will be coming to Columbus, Ohio for a live broadcast of Freedom Watch!  Campaign for Liberty is joining YAL in sponsoring the event.  Foxnews.com will be streaming the program, as well as Congressman Paul's speech afterward.

The broadcast starts at 7 pm eastern at the Newport Music Hall, and it is free and open to the public.

Click here for more details.

Update: Watch live here.

FBI Masterminds Break Bruce Ivins' Ultra Secret Code! Posted by bert zamichow

Posted 02/20/10 Last updated 02/20/10

The New York Times explains that, thanks to the FBI, it has been revealed that when letters containing anthrax were sent to members of Congress and the major media shortly after 9/11, fueling fear of terrorism and a march to war, it was just crazy old government scientist Bruce Ivins sending coded hate mail to his ex-crush. 

This...

09-11-01

THIS IS NEXT

TAKE PENACILIN NOW

DEATH TO AMERICA

DEATH TO ISRAEL

ALLAH IS GREAT

Actually means...

Screw you Pat, and f*** NYC!

Ordinary men proved unable to break the complex and sophisticated code. But after John Nash was put on the case, it was discovered…

O......kay... 

Dear Betty, George and Sherrod: about that Health Care bill... Posted by spartacus

Posted 02/23/10

February 23, 2010

The President's health care plan makes WORSE all of the bad elements
debated during House and Senate "deliberations" and FAILS to address some
of the fundamental underlying causes that ails health care in our nation.
Here are the primary reasons it should be opposed:

1) It's theft. It attempts to homogenize heath care outcomes by
progressively taxing incomes and benefits of the few to pay for the many.
Rationalize it anyway you like -- it's theft.

2) It increases the tax burden on already budget-strapped middle class
incomes at a time our economy desperately needs more savings and
consumption in the private sector.

3) It expands the welfare state by attempting to paper over the Medicaid
bribery used by Senate Democrats to obtain the Nebraska senator's vote by
extending the same largess -- for which it has NO ability to pay -- to
every other state. Fifty wrongs don't make a right.

4) It's fascist. By mandating of health insurance business decisions (ie
requiring coverage, denying premium increases) it effectively federalizes
health care.

5) It's fraudulent. Despite increasing it's cost estimate, the costs
assume rates of inflation and GDP growth that are as likely as a
Congressional pay cut.

6) It fails to harness the competitive free market by maintaining
artificial barriers that prevent insurance companies from competing across
state lines.

7) It further centralizes government power. Rather than empowering
individuals by allowing them to choose a plan that works and is affordable
for them in a competitive free market and that can move with them from
job-to-job and state-to-state, it puts all power in the hands of unelected
federal bureaucrats. We would get the same lame cookie-cutter approach and
frustrating red tape we experience with every other government service
[sic] every created.

This legislation is wretched, insidious and will make our health care
system worse, not better. I DEMAND THAT YOU TO OPPOSE THE PRESIDENT'S
HEALTH CARE PLAN.

Canary in the Gold Mine: End of the fiat dollar-reserve system? Posted by mbrakey

Posted 12/11/09

Below is the article I wrote for the November edition of the C-M Gavel. See the full issue here: http://www.law.csuohio.edu/currentstudents/gavel/

As recently as 1971, $35 was redeemable for an ounce of gold. Last month, the price of the yellow metal reached a record high of over $1,070. That is a staggering 30-fold increase over a forty-year span. What is gold telling us?

Early in the Nixon administration, due to excessive spending on guns and butter during the Vietnam War and Great Society, the United States began inflating the monetary base in order to meet its ever-increasing financial obligations. At the time, the western world was under the Bretton Woods monetary system – the last vestige of an international gold standard. While their own currencies were not backed by gold, participating foreign countries pegged their currencies to the US dollar at fixed exchange rates, and could redeem their dollar reserves for gold.

Sensing inflation, foreign central banks began exchanging their dollar reserves for gold, resulting in a de facto run on US gold stockpiles. Rather than allow US gold reserves to be stripped bare, President Nixon closed the gold window in 1971, effectively defaulting on US obligations under Bretton Woods. This subjugated the world into a new monetary regime in which we’ve been ever since. Although the US dollar continues to serve as the world reserve currency, it no longer has any backing of intrinsic value; its value is derived solely from government fiat and therefore can be created in infinite quantities and denominations.

Particularly in a fiat currency system, it is critical to define what inflation is and is not. Most modern economists define inflation as a sustained increase in the general price level. This definition is deceptive and misdirects. It is analogous to diagnosing a disease as the symptoms, rather than as the infection by an underlying pathogen.

Other economists define inflation as an artificial expansion in the supply of money and credit. Crudely speaking, inflation is money printing; this is our pathogen. As Milton Friedman said, “Inflation is always and everywhere a monetary phenomenon.”

After an inflationary event, prices may rise, fall, or remain unchanged for a litany of reasons, just as a diseased person experiences an incubation period before exhibiting symptoms. Eventually though, the symptoms of inflation will manifest themselves. Inflation warps markets and price signals, causing asset bubbles, malinvestment, and destructive boom-bust cycles. In many cases, it has ended in currency destruction.

Increasing the supply of money neither creates nor destroys wealth, but rather clandestinely redistributes it. As is true with any counterfeiter, the inflationist experiences a wealth accession while the net wealth of society remains unchanged. As economist John Maynard Keynes explained, “By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

Without the constraint of a gold standard, from the mid-80s until early 2008, the Federal Reserve slowly but steadily quintupled the monetary base. This significant but relatively constrained inflation was shockingly departed from when the United States entered the throws of the economic crisis last fall. Over the span of a few weeks, the Federal Reserve doubled the monetary base to bail out the banking system. Where it sat at just over $800 billion in early 2008, the adjusted monetary base now sits high atop $1,800 billion!

This new money has temporarily papered over the insolvency of the banking system. However, the ability for the Federal Reserve to withdraw this massive amount of liquidity is a virtual impossibility without reigniting the collapse that preceded it. This is the catch-22 the Federal Reserve faces. The appearance that the worst of the financial crisis is behind us is an illusory byproduct of unprecedented inflation.

When this tsunami of new money makes its way off bank balance sheets and into the larger financial system, this country will be in the grips of an inflationary pandemic difficult to fathom. As Austrian School economist Ludwig von Mises plainly stated, “Continued inflation inevitably leads to catastrophe.”

The inflation that produced the run on US gold in 1971 signaled the end of the Bretton Woods monetary system. The inflation that has produced gold’s record price run is signaling the end of the existing fiat dollar-reserve monetary system. The canary in the gold mine is dead. We are on notice.

Sheriff Mack's "No Sheriff Left Behind" Ohio Tour Posted by JoeBozzi

Posted 02/15/10

The United States of America were founded on the principle of liberty. What is the role of the sheriff in preserving that liberty from an encroaching federal government? What do YOU need to know to support your local sheriff? Come find out at the Sheriff Mack Ohio speaking tour.

• Tuesday, March 9 Findlay, OH -- sponsored by The Findlay 912 Project
• Wednesday, March 10 Columbus, OH -- sponsored by Buckeye Firearms Foundation
• Thursday, March 11 Cincinnati, OH -- sponsored by the Cincinnati 912 Project
• Friday, March 12 Marietta, OH -- sponsored by The Marietta OH 9-12 Project
• Saturday, March 13 Akron, OH -- sponsored by The Ohio Second Amendment Group