Sunday, June 15, 2008

US Dollar Creation

Federal Reserve US dollar creation lone worker at his iFed Task Manager ready for work:

Really! It just takes one guy to create 100s of billions, trillions worth of US dollar digital bits.

Chart source:

John Williams' Shadow Government Statistics:

It does take more workers than one if they are paper dollars.

The really dark side of it all is the fact that they can control down to the penny, and tax down to the penny, and monitor down to the penny your every digital dollar / penny spend or receipt. That your digital "stuff" as George Carlin would probably call it is not actually **owned** by you when it is digital, that you are allowed access or use of your "stuff" to the extent that they think it is ok for you, how they think it is ok for you, and when they think it is ok for you. That is of course unless you have control over the server and access to root. Do you? Didn't think so.

*************** All your "stuff" belongs to us. ********************


Limits on IIT Transfers
Type of Limit--Standard Transfers------Next Day Transfers




Now do you still think you **own** your "money" in a bank?

Aaaaaah nooooooooo, my stuff is trapped!

That's the plan, man!


"I feel like we're inside a Civilization game and there's some f*cking idiot playing." --Michael T. McNamara

" we transfer our whole being to the data bank, privacy will become a ghost or echo of its former self and what remains of community will disappear"...Marshal McLuhan

"Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men."--Ayn Rand

"The most potent weapon of the oppressor is the mind of the oppressed." - Steven Biko

"Liberty means responsibility. That is why most men dread it." - George Bernard Shaw

They are good reasons that the Fed and its operations are illegal, provides for big time theft / robbery, not needed, should be abolished and will end up broken.

"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." - Frederic Bastiat, 'The Law'

Hayek's trilogy on Spontaneous Order:

Any central bank, not just the Federal Reserve, is simply not needed. Is simply organized crime. It only exists for the benefit of a minority. Of course a dumbed down majority is needed to pull off a stunt like this, which is the point to having government schools, that government schools are the 10th plank of the communist manifesto.

"Gold is absolute objectivity. It is blind, like justice. It has no politics and ideology, no likes or dislikes, no friends or enemies. All it recognizes is its possessor, whom it serves faithfully so long as he has it." -- British historian Paul Johnson quoting Charles de Gaulle

"A government that robs Peter to pay Paul can always depend upon the support of Paul." -- George Bernard Shaw

"All the perplexities, confusion and distress in America arise, not from defects in their Constitutin or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation." - President John Adams (1735 - 1826)

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it." -- John Kenneth Galbraith,
Money: Whence it came, where it went - 1975, p15

There are perhaps 5% of the population that simply can't think.
There are another 5% who can, and do.
The remaining 90% can think, but don't.
-- R. A. Heinlein, The Moon Is A Harsh Mistress

Thinking is man's only basic virtue, from which all others proceed.
And his basic vice, the source of all his evils, is that nameless act
which all of you practice, but struggle never to admit: the act of
blanking out, the willful suspension of one's consciousness,
the refusal to think -- not blindness, but the refusal to see; not
ignorance, but the refusal to know. It is the act of unfocusing
your mind and inducing an inner fog to escape the responsibility
of judgment -- on the unstated premise that a thing will not exist
if only you refuse to identify it, that A will not be A so long as
you do not pronounce the verdict "It is." Non-thinking is an act
of annihilation, a wish to negate existence, an attempt to wipe out
reality. But existence exists; reality is not wiped out, it will merely
wipe out the wiper. By refusing to say "It is," you are refusing to
say "I am." By suspending your judgment, you are negating your
person. When a man declares: "Who am I to know?" -- he is
declaring: "Who am I to live?" - Ayn Rand

"In a separate lecture, Hayek noted that, "I am more convinced than ever that if we ever again are going to have a decent money, it will not come from government: it will be issued by private enterprise, because providing the public with good money which it can trust and use can not only be an extremely profitable business; it imposes on the issuer a discipline to which the government has never been and cannot be subject." - F.A. Hayek

"The possibility of a discriminatory capital-gains tax on gold
'profits,' or even of outright confiscation, cannot be wholly
dismissed. We must remember that in 1933, when private
citizens began to exercise their clear legal right to convert their
Federal Reserve notes and gold certificates into gold, President
Franklin D. Roosevelt suspended the conversion, ordered the
citizens to exchange their gold for paper money, and made it
illegal for private citizens to hold or own gold. In other words,
the government not only broke its solemn and explicit pledge to
convert its notes into gold on demand, but treated the holder
(and dupe) who had taken the pledge seriously as the real
culprit." - Henry Hazlitt

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