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.”
PERPETUAL GROWTH IS IMPOSSIBLE: We’ve all heard the story of the clever merchant who asked the King to pay him with grains of wheat placed on a chessboard. On the first square he was to receive one grain; on the second, two grains; on the third, four grains — doubling with every square up to the 64th. The King readily agreed to pay such a small sum; How much could it add up to in just 63 doublings, after all? The answer is that more grain than exists in the entire world would have to be placed on the 64th square. That is “the magic of compound interest” and it is 1) the reason that perpetual economic growth is impossible and 2) the reason that economies based on the creation of money as interest-bearing debt (read: all modern economies) inevitably go into crisis and fail.
The maverick Jewish writer Israel Shamir has just published Tom White’s extensive treatment of the subject which is well worth reading.
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!
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.
USA NOW MARXIST?: I suppose it had to happen sometime after the accession of Barack I, but it’s still an historic moment: a writer on Russia’s Pravda has described the U.S.A. as “Marxist” and called for Russians to rethink their American investments.
Pravda has quite a bit of courage and some good articles these days. Wish they’d do two things, though: 1) put their best material in audio form and start an Internet radio network with licensable hourly newscasts to compete with the “Western” corporate media (which could also be put on shortwave); and 2) stop running the sensationalistic/sexy stuff with which they salt their site in an apparent effort to increase ratings and revenue — it hurts the credibility of the serious pieces.
BANKRUPTING THE COUNTRY?: Many economists these days are expressing fears that the “stimulus” program and spending sprees of the regime in Washington could lead to severe inflation, “bankrupting the country.” They make a good case, but it’s a little confusing when they refer to bankrupting the country when really they’re referring to bankrupting the government. Bankrupting (and eventually totally discrediting) the government is certainly very bad for the government — but it might end up being very good indeed for the nation that throws off such government.
by Kevin Alfred Strom
based on the American Dissident Voices broadcast of July 10, 2004
IN 1957, Julian Huxley wrote about the dangers the world might face in 2007. He told of a world wracked by environmental destruction, falling standards of living, the despair and desperation of the hopeless, and a decline in the creative spirit that makes all culture and science possible.
He glimpsed the future in racially-mixed India, where he saw the streets teeming with the homeless in such numbers that one had to pick one’s way carefully along the sidewalks at night to step over the sleeping bodies, wrapped in a few filthy rags and nothing else — hundreds of thousands living their lives, voiding their wastes, and making their hopeless, pathetic yet fecund love right in the open on the pockmarked pavement, and sharing that “home” with dirty, starving, roaming cattle.
One evening he saw a policeman directing traffic at a busy intersection as twilight fell. As the darkness deepened, he saw a man and a cow approach the policeman from opposite directions, curl up at his feet and begin to compose themselves for the night, right there, almost touching him — with the officer taking no notice whatever and continuing with his duties. It was what was ‘normal.’ It was what was expected. It is where we’re headed unless something is done.