Sunday, September 21, 2008

In this Present Crisis...

“They” tell us that the world financial crisis is over. If so, that is only temporarily. If it now seems to be gone, it will come back and hit us hard again. Eventually, central bank “rescue operations” will fail.

The Western Confucian has a nice list of articles and a list of Ron Paul videos.

This is a long story, which started with Woodrow Wilson's creation of the Federal Reserve System in 1913. Well, it actually started before that, but that's an even longer story.

Here's one of many available videos on the United States Dollar and Gold:

Here are a couple of quotes too:

Professor Martin van Creveld in his book The Rise and Decline of the State:

Finally, once the state had become so powerful that it was able to determine what did and did not count as money, the financial restraints which had always limited the actions of previous rulers also dropped by the wayside. The ultimate outcome of all these developments was an increasingly violent series of explosions, beginning with the French Revolutionary and Napoleonic Wars, and culminating in the era of total war between 1914 and 1945.
Professor Hans-Hermann Hoppe in his book Democracy – The God That Failed:
As hard as they tried, monarchical rulers did not succeed in establishing monopolies of pure fiat currencies, i.e., of irredeemable government paper monies, which can be created virtually out of thin air, at practically no cost. No particular individual, not even a king, could be trusted with an extraordinary monopoly such as this[.]

It was only under conditions of democratic republicanism – of anonymous and impersonal rule – that this feat was accomplished.

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