Lost Republic
"Unlike other scientific disciplines, the basic truths of economics must be taught to enough people in order to preserve society itself."
~ Robert Murphy, "Lessons for the Young Economist"

Archive for February, 2009

16 illegals sue Arizona rancher

Posted in Immigration on February 24th, 2009

“An Arizona man who has waged a 10-year campaign to stop a flood of illegal immigrants from crossing his property is being sued by 16 Mexican nationals who accuse him of conspiring to violate their civil rights when he stopped them at gunpoint on his ranch on the U.S.-Mexico border.” (Read more from washingtontimes.com)

Gerald Celente predicts “Worst economic collapse ever”

Posted in Money/Economy/Taxes on February 24th, 2009

Gerald Celente of Trends Research Institute :

See him predicting 2008 crash:

Fiat Empire

Posted in Documentary, Money/Economy/Taxes on February 23rd, 2009

This is a great, one-hour documentary about our Federal Reserve System. The first step in getting rid of our inflatable, fiat currency is make every realize we have one.

End the Fed by Ron Paul

Posted in Constitution, Money/Economy/Taxes, Ron Paul on February 23rd, 2009

Before the US House of Representatives, February 4, 2009, introducing the The Federal Reserve Board Abolition Act, H.R. 833.

Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people. . . .

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve. (Read more from lewrockwell.com)

You Can’t Fool Gold

Posted in Money/Economy/Taxes on February 23rd, 2009

from globaleconomicanalysis.blogspot.com

Senator Feinstein, the stimulus, and censoring the internet (for your own good)

Posted in Money/Economy/Taxes, Privacy on February 22nd, 2009

As I predicted, the feds are trying to use the threat of child porn to spy on our internet traffic, and open the door to censorship.

“US Senator Dianne Feinstein hopes to update President Barack Obama’s $838bn economic stimulus package so that American ISPs can deter child pornography, copyright infringement, and other unlawful activity by way of ‘reasonable network management.’ . . .

According to Public Knowledge, Feinstein’s network management amendment did not find a home in the stimulus bill that landed on the Senate floor. But lobbyists speaking with the Washington DC-based internet watchdog said that California’s senior Senator is now hoping to insert this language via conference committee – a House-Senate pow-wow were bill disputes are resolved.

‘This is the most backdoor of all the backdoor ways of doing things,’ Public Knowledge’s Art Brodsky told The Reg. ‘Conference committees are notorious for being the most opaque of all legislative processes.’ . . .

But the ‘network management’ bit sounds like ISP speak. As Art Brodsky and his colleagues pointed out, network management is used to manage networks – not filter content. Content filters are used to filter content. But American ISPs – particularly cable ISPs – will take any excuse they can find to throttle certain traffic.

And if they’re using copyright infringement and child porn as excuses, they’ll have to start sniffing packets. So, Feinstein’s amendment would also destroy net privacy – if there’s any out there.” (Read more from www.theregister.co.uk)

Bailing out criminal bankers costs more than all wars

Posted in Money/Economy/Taxes on February 22nd, 2009

“According to CRS, the Congressional Research Service, all major US wars (including such events as the American Revolution, the War of 1812, the Civil War, the Spanish American War, World War I, World War II, Korea, Vietnam, Iraq and Afghanistan, the invasion of Panama, the Kosovo War and numerous other small conflicts), cost a total of $7.5 trillion in inflation-adjusted 2008 dollars.

Casey Research, of Vermont, (no relation) has analyzed the costs of the government bailouts of the housing crisis, the credit crisis and others and has concluded that the total is $8.5 trillion, which is more than the cost of all US wars, the Louisiana Purchase, the New Deal, the Marshall Plan and the NASA Space Program combined.” (Read more from sheilacasey.com)

Capitalism Needs a Sound-Money Foundation

Posted in Money/Economy/Taxes on February 21st, 2009

“Let’s go back to the gold standard.

If the very idea seems at odds with what is currently happening in our country — with Congress preparing to pass a massive economic stimulus bill that will push the fiscal deficit to triple the size of last year’s record budget gap — it’s because a gold standard stands in the way of runaway government spending.” (Read more from online.wsj.com)

Wow. I can’t believe this was written in a New-Corp-owned publication. Expect some changed in the editorial staff.

The Draft

Posted in Ron Paul on February 20th, 2009

There is nothing so unamerican, so contrary to the principles of liberty is the draft. A draft implies that even your life is property of the state, for them to do with as they please to achieve political aims.

The Secretive Fed

Posted in Money/Economy/Taxes, Ron Paul on February 20th, 2009

Ron Paul: “There is no authority. If Congress ever wanted to know what was going on, it would have to change the code. For example, right now it would be important for us to know what our monetary authorities are thinking about and talking about and planning internationally, because this system isn’t working, and a new system is going to be devised . . . it’s important to our sovereignty, and it’s important to our well being, but we don’t even have the right to know that as members of Congress.”

On Today’s Mortgage Rescue Plan

Posted in Constitution, Money/Economy/Taxes on February 19th, 2009

Obama’s latest plan makes me wish I bought a mansion instead of a home I could afford, and gotten myself fired from the Army instead of honorably discharged.

Rick Santelli puts it well:

“The last act of any government is to loot the treasury.”

Texas Bill Reasserts 10th Amendment Rights

Posted in Constitution, Secession on February 19th, 2009

It’s about the Texans joined. Welcome!

“RESOLVED, That the 81st Legislature of the State of Texas hereby claim sovereignty under the Tenth Amendment to the Constitution of the United States over all powers not otherwise enumerated and granted to the federal government by the Constitution of the United States; and, be it further RESOLVED, That this serve as notice and demand to the federal government, as our agent, to cease and desist, effective immediately, mandates that are beyond the scope of these constitutionally delegated powers; and, be it further RESOLVED, That all compulsory federal legislation that directs states to comply under threat of civil or criminal penalties or sanctions or that requires states to pass legislation or lose federal funding be prohibited or repealed….” (full text .pdf)

“Authored by Texas State Representatives Brandon Creighton, Bryan Hughes, and Leo Berman, H.C.R. 50 has been introduced to the Texas House to reassert Texas’s rights of sovereignty under the 10th Amendment of the US Constitution.” (from dailypaul.com)

Healthcare and our Ever-Expanding Government

Posted in Corruption, Healthcare, Lost Republic Original, Size of Government on February 19th, 2009

Our government, which already directly employs a seventh a America’s labor force (22 million people), is doing what government does best. It is growing – in size, cost and invasiveness.

Its growth into the healthcare industry is particularly interesting to me because of the enthusiasm with which so many of my liberal friends welcome it.

There exist little-known, little-discussed health rules buried in the recently-passed 1,100-page “stimulus” bill – the one which was forced to a vote in the House twelve hours after it’s midnight release, which not a single Congressman read, and which had been made available to lobbyists, but not Congressional staffers.

There are so many things economically and morally reprehensible about the Obama administration’s attempts at creating wealth from a printing press, one struggles to keep up even with something as important as healthcare.

Bloomberg news recently reported:

“The bill’s health rules will affect ‘every individual in the United States’ (445, 454, 479). Your medical treatments will be tracked electronically by a federal system. Having electronic medical records at your fingertips, easily transferred to a hospital, is beneficial. It will help avoid duplicate tests and errors.

But the bill goes further. One new bureaucracy, the National Coordinator of Health Information Technology, will monitor treatments to make sure your doctor is doing what the federal government deems appropriate and cost effective. The goal is to reduce costs and ‘guide’ your doctor’s decisions (442, 446). . . . According to [former Senator] Daschle, doctors have to give up autonomy and ‘learn to operate less like solo practitioners.’ . . .

Hospitals and doctors that are not ‘meaningful users’ of the new system will face penalties. ‘Meaningful user’ isn’t defined in the bill. That will be left to the HHS secretary, who will be empowered to impose ‘more stringent measures of meaningful use over time’ (511, 518, 540-541).”

Central planning doesn’t work. One consequence will be that when centrally-planned healthcare becomes corrupt and ineffective (and it will), we won’t be allowed to quit. Our money will continue to be taken away to support something we don’t want – much like with foreign wars, domestic spying, and all the other ways America’s 22 million federal employees find meaning in their lives.

The best thing government can do is let us keep our money. In a free society, states, neighborhoods, communities, churches, families can socialize or they can not. The effectiveness of different bureaucracies will determine their fate. In Obama’s socialist society, we must all give our wealth to the centrally-planned bureaucracy regardless of whether it serves our needs.

A second consequence will be the rhetorical argument for continued government expansion into our private lives. Once government is paying for our healthcare, regardless of the fact their using our money to do it, they’ll eventually claim dominion over our diets and health-related habits.

Last year, Japan’s government began mandatory tape tests for their subjects . . . er . . . citizens, in the name of controlling healthcare costs. Financial penalties are imposed on local governments and employers who fail to meet the government’s vision of a healthy society.

In the United States, the arguments will be similar. Everything will be blamed – smokers, obesity, greedy businessmen, solar radiation – before the pundits ever cast a scrutinizing eye on government inefficiency.

Here’s another prediction: more government will be proposed as a solution.

(An abbreviated version of this blog entry appears in The Press Citizen)

Missouri: Ground zero in the fight against Real ID

Posted in Privacy, Secession on February 19th, 2009

Missouri State Representative Jim Guest, a noble statesman and patriot has been given his own committee regarding Real ID and personal privacy. Representative Guest has been a strong leader in the fight against Real ID. His bill, HB361 can be read here:

http://www.house.mo.gov/b…

In short, it says that Missouri will have nothing to do with Real ID, biometric scanning, or the data basing and distribution of information collected by the department of revenue. (Read more from dailypaul.com

The Great Depression of 1920 & the truth about the New Deal

Posted in Hidden History, Money/Economy/Taxes on February 19th, 2009

Useful idiots and Keyensian propagandists claim Hoover caused the Great Depression. Nothing could be further from the truth. In the 1932 election, Hoover was accused of “leading the country down the road to socialism.” His tinkering made it worse, and FDR’s New Deal turned it into a disaster.

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