"Problem-makers reproduce in greater percentage than problem-solvers, and in so doing cause the decline of civilization." - Elmer Pendell

Tag Archive for 'banking'

Virtuous Plunder

by Kevin Alfred Strom

A SELF-STYLED economist recently opined that “the redistribution of wealth is the primary job of governments.” And, based on what I hear on the streets of my city, a large number of people agree with him. They actually believe that the purpose of government is to “divvy up” the money and goods, using taxes and giveaways of various sorts, and make sure that everybody gets what’s “fair.”

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Free Lakota Bank

Lakota currency - 1oz .999 Fine Silver

FREE LAKOTA BANK: Not only have the Lakota tribe declared their independence from the Evil Empire, but now some freedom-minded entrepreneurs there have begun issuing their own currency and offer usury-free banking, lending, and investment instruments. It appears that White Americans who want independence and freedom have a lot to learn from the Lakota — to whom I say more power to you!

Alternative Currency: Now a Crime?

A montage of Liberty Dollars of different denominations. The Liberty Dollar may have been the most successful of all U.S. alternative currencies to date. Despite repeated Treasury assurances that their efforts were perfectly legal, the creators of this truly honest metal-backed money found themselves under arrest.

A montage of Liberty Dollars, which may have been the most successful of all U.S. alternative currencies to date. Despite repeated Treasury assurances that their efforts were perfectly legal, the creators of this truly honest metal-backed money found themselves under arrest.

by Kevin Alfred Strom

I’VE MENTIONED ALTERNATIVE currencies — usually private efforts to help the local or national economy without resorting to debt, usurious interest, the banks, or the Fed — in a supportive way on this site before.

Recently I learned that the creators of some of the most interesting and successful alternative currencies — the Hawaiian Dala, the California Bear, the Chambersburg Dollar, the Evansville Dollar, the Liberty Dollar, the Peace Dollar, and the Ron Paul Dollar, among others — have been arrested by the FBI (for totally bogus charges under statutes intended to stop counterfeiting). They are Kevin Innes, Bernard von NotHaus, Sarah Bledsoe, and Rachelle Moseley.

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How to make money, literally

HOW TO MAKE MONEY, LITERALLY: The Dreamhost blog has an amusing and easy-to-understand explanation of how commercial banks create money out of thin air. You must understand this to understand our current economic woes.