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"Sandwiched in between a young Protectionist state and an old Communist regime is a thin slice of Socialist baloney; Freedom comes only a la carte."
...FM Duck

Historical Quack Offs

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by Free Market Duck

Our World Balances On a Sea of Debt

Mar 06, 2010
by
Darius Guppy

“The banks that control the world’s supply of money are no better than counterfeiters – and their systems of juggling debt have left the global economy teetering on the brink of ruin.” -- Darius Guppy, convicted Dutch counterfeiter

The following article aptly describes how fractional reserve banking is simply another form of counterfeiting, pointing out the conceptual difference between (1) real money and (2) a paper receipt for real money.  Then as the counterfeiting by fractional reserve bankers grows exponentially, as it must, the central bankers – witness former Federal Reserve Chief Alan Greenspan as he embraces the erroneous concept that he can impute value to paper money per se -- start believing in their own monetary lies and create even more complicated counterfeit investment vehicles backed by nothing but hot air, such as fake mortgage-backed securities, collateralized debt obligations based upon non-collateralized future daydreams, and then gambling pieces of paper called Credit Default Swaps whose clever function consists of betting against the previously-created fractional reserve derivatives.  That’s like a counterfeiter soliciting bets that the cops will soon catch him at his counterfeiting activities, in order to mitigate his losses.  So, the investment bankers at Goldman Sachs who sit on the board of Governors of the Fed Reserve sell fractional reserve hedge fund derivatives to clients while down the hall they short their clients’ very same hedge funds with Credit Default Swaps, betting that their hedge funds will fail.  That’s worse than prostitutes who only make their money going in; the bankers make their money both going in and pulling it out, shorting their own hedge funds.  This continues until they can’t keep it up any longer and the market crashes and burns.  Not to worry.  It’s called a Recession, then a Depression as everybody points fingers at everybody else and the bankers blame it on a “systemic risk,” or the U.S. Congress who is also participating in this monetary gang bang, or the vagaries of a non-existent free market capitalism, or a mysterious virus from Mars. – FM Duck

“If I could counterfeit the Pink Slip to my ’57 Chevy and sell a million copies to the suckers in my neighborhood for $1,000 each, while replacing the words ’This is to Certify that There Exists One ’57 Chevy on Deposit at FM Duck’s Warehouse Payable to the Bearer of This Note on Demand’ to ’Virtual Non-Existent Car,’ I could make a fortune.  And that’s exactly what the Federal Reserve is doing with fractional reserve banking of the U.S. Dollar and going off the gold standard.” – FM Duck

Netherlands, Europe – In 1994, there resided in the cell next to mine a certain “Tommy”. He had been imprisoned for counterfeiting Dutch Guilders to such a high standard that he had fooled the banks themselves.

   As was customary among prisoners who became friends, Tommy allowed me to read his legal papers and I became fascinated by the judge’s sentencing speech, the gist of which was that his activities had been parasitical. By creating money out of thin air he had reduced the purchasing power of more deserving members of society. What would happen if everyone behaved like him?

   I thought of arguments used, in a different context, regarding inflation. Like counterfeiting, it dilutes the value of the community’s wealth and constitutes a social evil. Creating too much money – “real” or “fake” – can wreck an economy. Such was the Nazis’ reasoning when they planned to ruin Britain’s economy by flooding the country with near-perfect counterfeit bills.

   A lot of nonsense has been written about the world’s current economic woes – about how the crash is the fault solely of the banks and, by implication, governments are blameless; and how it could all have been avoided, and can be put right, by greater financial regulation.

   It is a classic example of what the philosopher Alasdair MacIntyre terms “the fallacy of managerial expertise”: an attempt by “experts” to blind us with science to justify their overpaid existences and mask their confusion. After all, not one of them was able to predict the current debacle.

   These “experts” will tell you that the present difficulties are simply the result of abuses and excesses in a system that is basically sound. All that is required is for some faults to be corrected. Do not believe them. The reality is that the problem is systemic and a little tinkering here or there will achieve nothing in the long term.

   What is needed is a root-and-branch re‑evaluation of that most curious of cultural inventions, money: how it is created, how it circulates, and how it can best be used to serve the interests of the community.

   To begin, the experts must explain in the simplest terms how money actually works. Were one to ask the man on the street – or, indeed, most politicians and bankers – who creates the money that rules our lives they would reply “the State”. They would be wrong. It is true that governments create legal tender – the physical notes and coins that circulate in an economy – but that represents, at its highest, only 3 per cent of the total money in circulation in the global economy. It is the commercial banks, largely unaccountable and privately owned, that create the world’s money.

   Indeed, even if Tommy were responsible for printing every note in circulation throughout the world his power to dilute the rest of our wealth would amount to only a tiny fraction of that of the real manufacturers of money. His activities and the activities of the bankers are, in essence, identical: the creation of money out of nothing.

   Without knowing it, therefore, Tommy’s judge punished him for usurping not so much the role of the State as the role of the banks. The same mistake – the mis-identification of where money truly originates – has been made by virtually all of our politicians, economists and financial commentators.

   Consider the contradiction at the heart of neo-liberal, monetarist economics that has constituted the Western orthodoxy for the past few decades: to emphasise on the one hand that the money supply should be brought under control while simultaneously allowing banking – where the money is actually manufactured – to run riot.

   To grasp how the global fraud works we need to step back in time and imagine ourselves next to the original goldsmith-banker.

   In his vault, 10 of his customers each deposit a bar of gold weighing 1 kilogram – for safekeeping and in the hope of a return. Our banker lends the 10 gold bars to other customers, who embark on profitable ventures that generate a surplus. The vault now contains 11 gold bars, out of which our banker can pay his depositors and himself a reasonable return.

   Our banker soon questions the wisdom of keeping all the gold bars in his vault. He creates a token that will represent a given quantity of the gold either in his own vault or held to his account at some giant, more secure vault. Such a token can then be exchanged within the economy. Historians credit one of the first examples of such an instrument – the cheque – to the Knights Templar, allowing a pilgrim to cash a cheque drawn on a European preceptory at a Templar branch in the Holy Land.

   So far, so good – as long as, for the face value of each of the pieces of paper in circulation, there exists a corresponding amount of gold sitting in a vault somewhere in the real world.

   However, it is at this point that something wondrous and diabolical occurs. For experience has taught our banker that the bearers of the pieces of paper that they have created rarely attempt en masse to claim the gold their paper represents.

   Our banker reasons: “So long as the pieces of paper that my friends and I have put into circulation are not encashed simultaneously then it is academic how many we create.”

   The crucial part of the scheme is to create a culture of confidence. The bearers of our pieces of paper must feel secure about our ability to convert their paper back into gold, or real wealth.

   The beauty of the scheme is that instead of earning interest on a single piece of paper our banker can earn interest on 10 such pieces of paper. Moreover, while charging interest on these 10 pieces of paper, he has only to pay out a reduced rate of interest on the single gold bar that has been deposited with him.

   And this is exactly what happens.

   Currently, the average fractional reserve requirements for banks amount to under 10 per cent, which means that for every dollar the banks have on deposit they can lend out at least 10 such dollars – virtual dollars summoned from nowhere – on which they charge interest.

   Yet this fact – the key to understanding how the international financial system operates and why the world is in such a mess – is discussed virtually nowhere in mainstream circles.

   Governments do not control the single most important mechanism when it comes to their economies: the production and distribution of money. That role has been diverted to the banks, which manufacture money out of nothing and charge interest on that conjured-up money. Beyond an interest rate cut or a token change in VAT rates our politicians have no real power to direct their country’s economy.

   The picture has become a great deal more complicated. Soon pieces of paper are no longer required and instead entries on a bank’s ledger will suffice. Eventually, a further layer of virtuality is added when computers emerge and with them credits in cyberspace. Likewise all sorts of financial instruments and “products” are devised by the experts – collateralized mortgage obligations, put and call options, floating rate notes, preference shares, convertible bonds, semi-convertible bonds and endless other “derivatives” – but in essence they are mere variations of the same basic three‑card trick.

   Moreover, the illusion becomes self-reinforcing. Those involved in the process, sitting behind their computer screens, no longer control the beast they have created.

   Now, it may be argued that while it is true that money is manufactured in the manner I have described – in other words by creating loans to the banks’ clients – surely just as much money is destroyed every time a loan is repaid? This is true to an extent. However, the point to be grasped is that while money is indeed created and destroyed in vast amounts every second of the day, the interest on that money remains un-destroyed and accumulates within the system – and at a compounded rate, moreover.

   The process is far more inflationary and parasitical than the activities of all the Tommys in the world put together. For while that money, which by now has mutated into a vast monster of mutual indebtedness, grows exponentially, the wealth it is supposed to represent cannot grow at the same pace for very long. While there is no limit to the number of zeros we can create on a computer, there is a limit to the amount of oil in the ground, the wheat in the fields and the livestock in our farms.

   Capitalism, banking and growth become inseparable, but logic dictates that the virtual economy must eventually peel away from the real one and sooner or later the day of reckoning arrives – when the gulf separating these two economies is too large to be sustained – for no power on earth can match the power of compound interest in the ether.

   Consider the tale of the Chinese emperor and his chess opponent. The emperor asks what reward would satisfy him if he wins; the opponent replies that a single grain of wheat, doubled for each of the 64 squares on the chess board, would suffice. The emperor, imagining that he has a good deal, loses, only to learn that he now owes his adversary the equivalent of 2,000 times the current annual worldwide production of wheat.

   Such are the miracles of compound growth; and the reason why financiers have been able to award themselves astronomical sums. For their virtual printing presses are calibrated to an exponential production while no such calibration applies to Mother Earth.

   Frederick Soddy, the 1921 winner of a Nobel Prize for chemistry (not economics), was among the first to articulate the mechanism by which money is created by the banks and how it mutates into debt. His arguments have been developed by thinkers such as Herman Daly and Richard Douthwaite.

   The reasoning can be extended to cover the financial sector as a whole. A company makes a certain profit; a multiple of many times can be applied to that figure to arrive at a “value” for the company – based on the assumption of future growth. That value can then be leveraged yet further for it to raise debt against its share price and so on. Such super-ovulation can mean that a single company with nothing more than an idea to be applied to the internet can create yet more tokens – share certificates – worth several times the entire annual production of diamonds for the continent of Africa, a process known, retrospectively, as the dotcom bubble.

   It constitutes a redistribution mechanism from the poor to the rich – which is precisely why the banks and Western governments are so desperate to ensure its survival.

   Money breeds more money. Indeed, the banks never really want their loans to be repaid. So long as the interest is funded it is to their benefit for the capital to remain outstanding on their books as “assets” and for the debts to be rolled over. Every time the IMF or World Bank extends a line of credit to some impoverished nation, are they being “charitable” or simply perpetuating the enslavement?

   But the system relies entirely, as do all Ponzi schemes, on the assumption of continued growth, hence its inherent instability. Once that growth is threatened the edifice collapses. Householders in Britain will appreciate such a phenomenon only too well: put up 10 per cent for a property and borrow the rest from the bank. That property’s value need rise by only 10 per cent and you have doubled your equity; if it falls by only 10 per cent you are wiped out.

   This explains why a contraction of a mere 2 or 3 per cent in the global economy leads not to a correspondingly minute fall on international stock markets, but to financial Armageddon.

   Likewise with the banks – lend 10 times more money than you possess and when the economy grows, or at least pretends to grow, it’s Porsches galore, but when the lack of growth is exposed it requires only 11 per cent of the loans on your books (in value terms) to be bad and you are bust. The truth is not that these institutions have suddenly become insolvent but that they were never really solvent in the first place. By rolling over their debts they have been able to keep them on their books as “assets” rather than losses and forestall the evil hour.

   There is a name for this – “usury” – and our predecessors from the ancient and medieval worlds appear to have appreciated much better than us its ultimate destination: ruin.

   It is a simple and devastatingly effective swindle, but largely invisible because it has become so deeply embedded in our culture. The consequences of that swindle – the desperate need for economic growth; the environmental and cultural despoliation it engenders – requires some radical thinking one encounters nowhere in any of today’s political parties. (Note by FM Duck:  and what’s true in European politics and central banking is equally true for American politics and central banking.) – FM Duck

Historical Quack-Offs:

Misc:

02-17-2010
Wall Street's Bailout Hustle…  More...

02-10-2010
European Central Bankers Poised to Take Over Europe…  More...

02-05-2010
Secret Banking Cabal Emerges From AIG Shadows…  More...

12-21-2009
ObamaCare is not about health care; it’s about control and profits.  Oddly enough, it’s not the insurance companies; it’s the central bankers…  More...

12-07-2009
How Big is a Trillion Dollars?  More...

12-02-2009
Boise Trolley Folly DOES Justify Legislative Intervention  More...

11-06-2009
Federal Reserve to Switch to New "Scratch 'N Sniff" Currency  More...

10-27-2009
New Government Health Care Plan Struggling to Find "Single Payer" Name  More...

10-26-2009
Jesus appoints Obama as "Associate Christ"  More...

09-23-2009
Has Congress become an anachronism?  More...

09-18-2009
Leftist Boise Mayor Dave Bieter in secret meetings to blow $560 million of federal welfare dollars on downtown Boise streetcar named “Desire”… or is that a streetcar named “Huge Deficit?”  More...

09-8-2009
Hey, kids, got game?  Got rap?  Wanna be a rich movie star?  “That isn’t hard work,” says Obama, “and chances are you ain’t gonna be any of those things.”  More...

09-8-2009
"Obama's speech to schools:  what civics lesson will parents teach their kids?”  More...

09-1-2009
Ted Kennedy: "Lion of the Senate" or Drunken Homicide at Chappaquiddick?  More...

08-14-2009
Two Governors Bankrupt Idaho's Highways, or Who let the GARVEE bonds out?  More...

08-07-2009
"National" health care?  Stop thinking in terms of "collectives," we are individuals  More...

08-05-2009
Fed Reserve, America's legal counterfeiting ring   More...

08-05-2009
Off Balance Sheet, Out of Mind  More...

07-23-2009
National Health Care is illogical  More...

07-09-2009
The Fed Must Be Stopped  More...

06-17-2009
Idaho Congressmen introduce Federal Streetcar Revitalization Act of 2009…ask for $300 Million to build streetcars across America…$65 Million for Boise  More...

06-12-2009
Idaho Statesman supports spending $65 million of federal stimulus booty for Boise Trolley Cars  More...

05-31-2009
Idaho Statesman thinks socialist economics can enrich economy and create Idaho jobs  More...

05-05-2009
The Idaho Transportation Solution  More...

04-23-2009
B of A CEO ordered by Fed Reserve and U.S. Treasury to shut up about Merrill Lynch's billion dollar losses   More...

04-23-2009
Boise's Watergate is alive and well as Idaho's SBOE allows U of Idaho to raid private U of Idaho Foundation for $111,000 to pay for new U of I Prez  More...

04-08-2009
Failed $250 Million University Place fiasco participant, Bob Hoover, named as president of the Idaho Community Foundation  More...

03-13-2009
More Voo-Doo Economics: "Good Bank, Bad Bank"  More...

02-17-2009
The Great "Stimulus" Hoax  More...

02-13-2009
Why President Obama’s Trillion Dollar “Stimulus” Package is Unconstitutional – Part 2  More...

02-12-2009
Why President Obama’s Trillion Dollar “Stimulus” Package is Unconstitutional – Part 1  More...

02-01-2009
Petition of the Electric Light Bulb Manufacturers  More...

01-20-2009
Obama parties down at most expensive Inauguration in history -- over $170 million -- as U.S. falls further into huge Recession  More...

12-25-2008
Is The Medicine Worse Than the Illness?  More...

12-17-2008
Idaho Statesman prints insightful Reader’s View by young economist, “Don’t fall for the Big 3’s doomsday predictions – they’re unlikely”  More...

12-14-2008
Did U.S. Attorney Fitzgerald jump the gun in premature arrest of Gov. Blagojevich?  More...

12-11-2008
Idaho Statesman editors publish whitewash of Weatherman bomber Bill Ayers to save Barack Obama…
then, up pops the FBI and Illinois Gov. Blagojevich…
 
More...

12-07-2008
Idaho Statesman parent McClatchy confuses socialism with free market  More...

11-29-2008
Boise’s Watergate morphs into Nampa's and Caldwell's Watergate to pay for Oregon community college in Idaho  More...

11-17-2008
Victoria's Secret Reorgs as Savings & Loan Bank, Qualifies for Treasury's $700 Billion Bailout Booty  More...

11-14-2008
Stable Money Is the Key to Recovery  More...

10-31-2008
Is America on the verge of electing a socialist Islamic terrorist supporter as U.S. President?  More...

10-25-2008
U.S. bankers whine for 30 seconds, kiss Godfather Paulson’s ass, then sign off on bank nationalization  More...

10-10-2008
‘Toys R Us’ offers to bail out U.S. economy with
injection of $700 Trillion in cash from Parker Bros. Monopoly Game…
Sweetens deal by throwing in Marvin Gardens
 
More...

10-06-2008
Recession 2008: The blind leading the blind  More...

09-26-2008
Congressman Ron Paul's answer to President Bush's $700 Billion bailout   More...

09-24-2008
Sec of Treasury Paulson suspends U.S. Constitution, anoints himself Wizard of Oz, demands $700 billion to unclog nation’s toilets…
Will Congress assume Dying Cockroach Position?
 
More...

09-15-2008
Money, money everywhere, nor any drop to drink...
U.S. Dollar is pulp fiction
 
More...

09-11-2008
Weekend at Fannie's  More...

09-08-2008
Idaho Statesman pushes Fascist Business Model as “Vision for the Valley”  More...

09-06-2008
Look out!
Pistol Packing Mama, Gov Sarah Palin, blasts her way into the Republican National Convention...
accepts VP slot with John McCain 
More...

08-29-2008
McCain chooses Idahoan Sarah Palin, a moose-hunting, fisher-babe, free market Governor of Alaska, as Vice Prez running mate on GOP ticket  More...

08-23-2008
Idaho stockpiles $500 million to $1 billion tax surplus on top of last year's $224 million surplus?  More...

08-19-2008
Washington politicians lie about true size of budget deficit  More...

08-12-2008
Corporate Welfare Alive and Well in Idaho  More...

08-01-2008
"Covered Bonds" new mortgage gimmick by "Banksta Gangsta" Treasury Sec Hank Paulson  More...

07-17-2008
History of Fannie Mae and Freddie Mac reveal gross corruption, fundamental flaws  More...

07-03-2008
Zimbabwe inflation hits 1,000,000% per year…
Government central bank issues new $50 Billion denomination notes as paper currency becomes worthless 
More...

06-23-2008
Idaho Supreme Court enforces socialist health care law…
Taxpayers must cough up $187,000 for illegal immigrant’s heart attack 
More...

06-04-2008
Obama-Clinton “nightmare ticket” promises to drag U.S. down the road to serfdom via Marxist socialism  More...

05-30-2008
Idaho Pub Ed System Run by Village Idiots?...
State Board Asks Feds to Restart Failure Clock for “No Child Left Behind” Program 
More...

05-23-2008
Global Monetary Recap - 1944 to 2008  More...

05-21-2008
Kempthorne Hugs Polar Bears, Bankrupts America  More...

05-16-2008
Yeah, Kempthorne, "Cough up" those gubernatorial records, will ya?  More...

05-11-2008
Idaho:  nuclear waste dump of America  More...

04-22-2008
2008 Legislative Report Card for Idaho: F-minus More...

04-01-2008
Fed scientists discover new element in Periodic Table of Elements:  Paper  More...

03-25-2008
Gov Butch Otter signs corporate welfare Bill for $2 billion Uranium-235 enrichment plant to set Idaho up for Perfect Nuclear Storm:  a radioactive, volcanic firestorm on top of Snake Plain Aquifer's Lake Erie  More...

03-17-2008
Who Killed the U.S. Dollar?  More...

03-08-2008
Prescription for Prosperity:  A Comprehensive Economic Revitalization Plan  More...

03-13-2008 Revised
Idaho Grocery Tax Rebate to equal 9/10 of 1% of your grocery bill?... Ooooh, Whoop-tee-doo, Governor  More...

03-03-2008
Idaho Grocery Tax Rebate to equal 3/10 of 1% of your grocery bill?... Ooooh, Whoop-tee-doo, Governor  More...

02-22-2008
Idaho Legies create Perfect Storm:  yellowcake plus Yellowstone plus Snake Plain Aquifer equals radioactive Super Volcanic blast  More...

02-14-2008
Parliament of Whores admonishes one of their own  More...

02-10-2008
Anybody Seen Our Gold?  More...

02-06-2008
(Updated 02-14-2008)
GOP and Liberal Disconnected Thought Globs (DTGs) dominate 2008 presidential debates  More...

01-31-2008
Earmarks for Idaho are good but earmarks for Alaska are bad, says Idaho Statesman  More...

01-29-2008
Osama to visit Boise on Saturday  More...

01-28-2008
Smoke 'n Mirrors Economic Stimulus Package:  $600 for you, $730,000 for Fannie Mae & Freddie Mac  More...

01-24-2008
The Paper Chase:  Dollar becomes pulp fiction as Fed injects trillions into the market... But Dollar is not real capital, thus cannot stimulate economy  More...

01-19-2008
Federal Reserve drives U.S. into Super Recession, then Depression, then Martial Law  More...

01-10-2008
New Thought Police Bill passes U.S. House 404-6, awaits Senate vote  More...

01-01-2008
U.S. Federal Reserve Note:  America's Pulp Fiction  More...

12-28-2007
Who shot Pakistani ex Prime Minister Benazir Bhutto?  More...

12-19-2007
Idaho Congress-crooks Sen. Larry "Wide Stance" Craig and Rep Mike Simpson rob all Americans for Idaho earmarks More...

12-18-2007
Goldman Sachs creates subprime slime with left hand, shorts subprime slime with right hand More...

12-17-2007
Ada County to operate Detox Center for drunks & dopers?  Cost to taxpayers: $1.8 million per year  More...

12-14-2007
Central Banks Conspire to Hyper-Inflate Global Economy  More...

12-11-2007
Boise's Watergate fiasco continues as Univ of Idaho plans to blow $300 million on new marketing campaign  More...

12-10-2007
Why should Boise's "Special Olympics" be funded by taxpayer earmarks and what is the true concept behind the "Special Olympics?"  More...

12-07-2007
President Bush, Sec of Treasury Paulson save America's subprime home borrowers...you bet... Just Call Hotline to Mortgage Heaven: 1-888-995-HOPE  More...

12-03-2007
U.S. Treasury to Bail Out Billionaire Bankers on Wall Street Under Guise of Saving Subprime Borrowers  More...

12-01-2007
Idaho Gov Butch Otter Holds Secret Meeting to Tax Inner Tubes on Boise River  More...

11-26-2007
Idaho's Property Tax Solution  More...

11-16-2007
The Fed's "Prime Interest Rate" Joke  More...

11-09-2007
Idaho Statesman's parent McClatchy posts $1.4 billion loss in 3rd Qtr  More...

10-29-2007
The AMT - Worst Piece of U.S. Tax Legislation  More...

10-29-2007
What is The Master Liquidity Enhancement Conduit?  Hint: It's not a plastic flex straw to a bottle of Ripple wine  More...

10-17-2007
Can Idaho U.S. Senator Larry Craig be recalled?  More...

10-13-2007
How to Recall Idaho U.S. Senator Larry Craig  More...

10-10-2007
Will the real $50 please stand up?  More...

10-03-2007
President Bush and Federal Reserve bankers plan for nationwide bankruptcy with fake 3-week flu test  More...

10-01-2007
Idaho to implement ButchCare?  More...

09-25-2007
Wherein lies the value of today's paper money?... The solution:  abolish fractional reserve central banking, the Federal Reserve and govt monopoly of money; allow private minting and free choice of currencies - Part 5  More...

09-20-2007
Wherein lies the value of today's paper money?... The problem:  unconstitutional  Federal Reserve plays Quantitative Economics (as if econ is physics) rather than Qualitative Economics, which is based upon individual rights and freedom - Part 4  More...

09-17-2007
Wherein lies the value of today's paper money?... Derivative markets now exceed half a quadrillion dollars or $500,000,000,000,000 of non-collateralized paper - Part 3  More...

09-16-2007
Wherein lies the value of today's paper money?...or, the root cause of today's monetary crisis and impending recession - Part 2  More...

09-15-2007
Wherein lies the value of today's paper money?...or, the root cause of today's monetary crisis and impending recession - Part 1  More...

09-05-2007
Boise's Toiletgate morphs into Pinocchio-gate as Senator Craig's nose mysteriously grows another 2 feet overnight  More...

09-02-2007
Senator Larry Craig did not resign and hired two lawyers, 1 for the Ethics Committee and 1 for the Minneapolis men's room debacle  More...

08-31-2007
Senator Larry Craig's abuse of power & lame excuses are symptomatic of long list of GOP political abuses in Idaho - Part 1  More...

08-23-2007
J'accusse, Mr. Federal Reserve did it with the Candlestick, the Rope, the Revolver, the Knife, the Wrench, and the Lead Pipe in the House, the Senate, the University, and Wall Street  More...

08-13-2007
Ada County Commissioners condemn own property through eminent domain... Pay Cryptic Partners $3.2 million in fake "takings" - Part 1  More...

08-11-2007
Central bankers redefine "hyper-inflation" as "liquidity"... Inject over $326,000,000,000 into global economy to stave off stock market crash & recession  More...

08-10-2007
NY Stock Market crashes 387 points as sub-prime fiasco hits Germany, France  More...

08-09-2007
WSJ, Fox News pretend Ron Paul votes for earmarks  More...

08-08-2007
"The Fix" is still in, new community college trustees interview only 1 person for Prez... and guess what?  He got the job!  More...

07-30-2007
Harry Potter dies on page 597... in Boise  More...

07-18-2007
"The fix was in... But that's OK; This case warranted an inside job." -- Dan Popkey, Idaho Statesman  More...

07-17-2007
Is the War in Iraq a Mafia-style protection racket: U.S. military protects OPEC and OPEC promises to use only inflated petro-dollars?  More...

07-10-2007
Ex Ada County Commish Judy Peavey-Derr threatens libel lawsuit against Deep Throat II More...

07-05-2007
Idaho Senator Craig loses Illegal Immigration Amnesty bill...Does Craig support prison inmates picking Idaho crops?  More...

07-03-2007
U.S. Constitution not signed by authors  More...

06-28-2007
"Bong Hits 4 Jesus"  More...

06-14-2007
Court transcripts reveal judge knows University Place fiasco was a financial scam and who the perps were More...

06-14-2007
Cheap Community College "need" is a hoax...BSU rated cheapest university in the nation by US News & World Report More...

06-13-2007
Ada County screws taxpayers, again...pays Cryptic Partners $1.4 million for $900,000 office space in Eminent Domain settlement  More...

06-08-2007
NO campaign thanks YES campaign for abuse of Absentee Ballots, encourages re-vote by mail  More...

06-07-2007
Scientists slap Bible Bangers' definition of "when does life begin" upside their diploid totipotent cells  More...

06-06-2007
What is America's greatest moral challenge?  More...

05-29-2007
Yo, Rudy, follow the money  More...

05-26-2007
What is paper money? More...

05-02-2007
Sec of Interior Kempthorne offers quid pro quo worth billions of dollars to Louisiana Sen Mary Landrieu  More...

04-19-2007
Supreme Court takes giant step backwards  More...

04-06-2007
House Speaker Pelosi violates U.S. Constitution and Logan Act, commits felony by impersonating Sec of State Condoleezza Rice on trip to Middle East  More...

03-28-2007
Education math scores drop across the state as Idaho teachers, administrators, and coaches vacation to Ireland and China on your tax dollars  More...

03-25-2007
Idaho GOP Legies add $400 million pork to Demo's Iraq War Bill  More...

03-19-2007
Ex Gov Kempthorne's original $3 billion Highway Plan exceeds $6 billion... Idaho Statesman says, "Pass the budget, no strings attached"  More...

03-14-2007
Low carb diet kicks government's low fat guidelines in its big fat butt  More...

03-09-2007
The paper chase... Interest rate arbitrage between the Yen and the Dollar  More...

03-08-2007
Bullet train from Boise to Meridian derailed as billion dollar local option sales tax bites the dust...poof  More...

03-01-2007
Stock market plunges 416 points in one day  More...

02-26-2007
"An Inconvenient Truth" morphs into "Convenient Lies" as Hollywood Oscars regurgitate 30-year old Doomsday baloney from the 1970s  More...

02-23-2007
Judge cries at Anna Nicole Smith hearing...wins Oscars for Best Actor, Worst Director  More...

02-22-2007
World Wide Monetary Inflation...the not-so-Good, the Bad, and the Ugly  More...

02-18-2007
Boise's Watergate morphs into Librarygate as Urban Renewal Agency picks Bodo developer for unconstitutionally-funded $130 million "Library Blocks" project  More...

02-16-2007
CAMBR fraud at U of  Idaho ?  More...

02-11-2007
Who's Your Favorite Socialist Candidate for the 2008 Presidency?  More...

02-09-2007
Oink-Oink, Boise City Council Feeds at State & Federal Pig Troughs  More...

02-08-2007
Big Brother mandates vaccine for 11-year old girls  More...

01-31-2007
Ada County Commissioners condemn new Ada County Courthouse, then use Eminent Domain to confiscate their own property...huh?  More...

01-22-2007
Where in Hell did Our 3 Branches of Government Go?  More...

01-18-2007
The Real Purpose of the Federal Reserve  More...

01-17-2007
European Union Dumps German, Officially Adopts English as Universal Language  More...

01-15-2007
GOP "Intellectuals" Propose Socialist Job Corps Program to Rebuild Iraq  More...

01-08-2007
Kempthorne Plays "Polar Bear Politics"  More...

01-02-2007
Boise State outsmarts Oklahoma with Statue of Liberty fake pass, Wins Fiesta Bowl 43-42 in nail-biting overtime  More...

12-30-2006
Saddam Hussein 1937-2006  More...

12-29-2006
Shell Oil hires ex Sec of Interior Gale Norton...
Conflict of interest? 
More...

12-26-2006
"Black box" trading on the Big Board...is it legal... is it moral?  Part 2  More...

12-19-2006
"Black box" trading on the Big Board...is it legal... is it moral?  Part 1  More...

11-30-2006
U of I Wallace pleads guilty to state criminal charges in $136 million University Place fiasco...no fine and 3-year probation  More...

11-19-2006
If Idaho "needs" more nurses, let supply and demand in the free market automatically solve the "problem"  More...

11-17-2006
Boise "needs" a detox center like it "needs" another snort of crack  More...

11-17-2006
If Boise's "Library Blocks" project is unconstitutional, then why isn't the Courthouse project unconstitutional?  More...

11-01-2006
Bag Boy Wallace Charged with Felony in U of Idaho Crime Spree... Major Perps Skate Free?   More...

10-27-2006
2006 Nobel Economist praises "Dynamic Capitalism" by assuming socialist principles  More...

10-20-2006 Voters, not the Idaho Transportation Board, must approve billion dollar highway expenditures for "Connecting Idaho"  More...

WALL STREET JOURNAL PHYSICS READERS ARGUE BIG BANG THEORY  More...

PROP 1: IDAHO TEACHERS' UNION EARMARKS 1% OF SALES TAX FOR ITSELF  More...

ANTI-GAY MARRIAGE AMENDMENT UNCONSTITUTIONAL  More...

DOES UNIVERSITY PLACE'S SECRET CIVIL SETTLEMENT CONSTITUTE A "BURYING OF PUBLIC INFO?"  More...

WSJ THINKS FUNCTION OF FED RESERVE IS "MAINTAINING AN OVERALL STABLE PRICE LEVEL"  More...

IDAHO LEADS WORLD IN "FAT PILL" PRODUCTION  More...

ARE IDAHO'S "RAINY DAY FUNDS" UNCONSTITUTIONAL?  More...

FEDERALIST PAPERS DO NOT GRANT WARRANT-LESS SEARCHES OR CARTE BLANCHE WIRE TAPPING TO PRESIDENT  More...

BODO DEVELOPER PROPOSES BOISE'S WATERGATE METHOD TO RIP DOWN, REBUILD BOISE'S MAIN LIBRARY  More...

IDAHO BAPTISTS LAUNCH MISSILES AGAINST CALIFORNIA CATHOLICS?  More...

BOISE NEEDS A DRUG CZAR LIKE IT NEEDS A SNICKER-DOODLE CZAR  More...

BILLIONAIRES WARREN BUFFET AND BILL GATES FALL ILL TO SOCIALIST PHILOSOPHY  More...

10 REASONS WHY IDAHO GOVERNOR KEMPTHORNE SHOULD NOT BE CONFIRMED AS SECRETARY OF THE INTERIOR  More...

IS IT SIMPLY LA CAGE AUX FOLLES AT THE KEMPTHORNE CONFIRMATION HEARING OR WILL SOMEBODY ASK A REAL QUESTION?  More...

U.S. CONSTITUTION DECLARED UNCONSTITUTIONAL... NOT SIGNED BY ITS AUTHORS, OR ANYONE ELSE  More...

IDAHO TEACHERS' UNION PUSHES INITIATIVE FOR GUARANTEED ANNUAL INCOME BY EARMARKING 1% OF SALES TAX FOR ITSELF  More...

IDAHO SUPREME COURT FLUNKS CIVICS TEST  More...

UNIVERSITY PLACE PERPS AGREE TO NOT SUE THEMSELVES...PAY EACH OTHER $8.3 MILLION...CRYPTIC PARTNERS REMAINS AS POSSIBLE 'FALL GUY' -- PART II  More...

UNIVERSITY PLACE PERPS AGREE TO NOT SUE THEMSELVES...PAY EACH OTHER $8.3 MILLION...CRYPTIC PARTNERS REMAINS AS POSSIBLE 'FALL GUY' -- PART I  More...

JFAC GIVES BLANK CHECK FOR GOVERNOR KEMPTHORNE'S HIGHWAY ROBBERY  More...

BOISE'S WATERGATE GOES TO WASHINGTON...GOVERNOR KEMPTHORNE NOMINATED AS SECRETARY OF INTERIOR  More...

IS IDAHO'S $3 BILLION GARVEE HIGHWAY DEBT UNCONSTITUTIONAL?  More...

WHY IDAHO'S ANTI-GAY MARRIAGE AMENDMENT IS PRETENDED LAW -- PART II  More...

WHY IDAHO'S ANTI-GAY MARRIAGE AMENDMENT IS PRETENDED LAW -- PART I  More...

WHY WE DON'T NEED PROPERTY TAXES -- PART II  More...

WHY WE DON'T NEED PROPERTY TAXES -- PART I  More...

BOISE RESIDENTS PAY 10-12 TIMES AS MUCH IN "M & O" SCHOOL PROPERTY TAXES AS MERIDIAN FOR SAME NUMBER OF STUDENTS  More...

SHOULD IDAHO ABOLISH PROPERTY TAXES AND IMPLEMENT A FLAT SALES TAX?  More...

WHY WE DON'T NEED FEMA OR BOISE'S "BLUEPRINT FOR GOOD GROWTH   More...

DID JAPANESE MAFIA STEER HURRICANE KATRINA DOWN BOURBON STREET FOR FUN AND PROFIT...OR REVENGE?  More...

GOV KEMPTHORNE IS NOT OUR "CEO"  More...

EAST PARK CENTER BRIDGE IS A JOKE  More...

WILL "BLUEPRINT FOR GOOD GROWTH" MORPH INTO BOISE TROLLY GATE?  More...

BIRTH:  NATURE'S TRANSFER OF PRIVATE PROPERTY RIGHTS  More...

WHOSE COLLECTIVE RIGHTS?  More...

IS MICRON WHINING FOR CORPORATE WELFARE OR DEMANDING FREE MARKET CAPITALISM?  More...

CATHOLICISM IN LATIN AMERICA MORPHS INTO SOCIALISM  More...

OIL COMPANIES TURN EARTH INTO GIANT CO2 SODA POP BOTTLES  More...

SEX IS ILLEGAL IN IDAHO?  More...

IN DEFENSE OF THE WOMAN  More...

AMERICA'S INTELLECTUAL HIERARCHY  More...

EATS, SHOOTS & LEAVES  More...

ANTI-GAY MARRIAGE:  THE STATE VS. THE INDIVIDUAL  More...

TAX RATES ARE NOT THE SAME AS TAX BURDENS  More...

DEFICIT FARMING  More...

IRS AUDIT MICKEY MOUSE, FILES CRIMINAL CHARGES  More...

PHILOSOPHY RULES, SCIENCE DROOLS  More...

NEW ENERGY SOURCE DISCOVERED IN WASHINGTON DC
OIL STOCKS PLUNGE  More...

STATUE OF LIBERTY SHOE SIZE, WOMEN'S 879  More...

U.S. PRISON POPULATION SOARS, TOOTHBRUSH INDUSTRIAL COMPLEX PROSPERS  More...

Church and State:

GRAND INQUISITOR VISITS AUSCHWITZ  More...

KING TUT GRANTS CEASE FIRE FOR DECEMBER HOLY MONTH
INTERMISSION ALLOWS BOTH ARMIES TO ORDER FAST FOOD
  More...

FED NATIONALIZES CHOCOLATE ICE CREAM CONES
KIDS CAN'T LICK CONES ON CHURCH PROPERTY  More...

RELIGIOUS DISCOVERY: MUHAMMAD BORN IN SHANGHAI
MID EAST WAR SHIFTS TO CHINA  More...

FATHER FLANAGAN RAPES 25,000 CHILDREN OVER 30-YEAR SPAN, CLAIMS AMNESIA  More...

School and State:

SANTA 'CLAUSE' SHOWS UP TO SAVE FLORIDA'S TEACHERS' UNION  More...

ETHNOMATHEMATICS  More...

WHY JOHNNY CAN'T READ  More...

EVOLUTION OF MATH INSTRUCTION IN CALIFORNIA PUBLIC SCHOOLS  More...

O’CONNOR REAFFIRMS Step ‘n Fetch it IN PUBLIC SCHOOLS  More...

STUDENT WINS NATIONAL SPELLING BEE; SPELLS “CHRISTMAS” WITH AN ‘X’  More...

STATE GROCERY STORES  More...

PRO-CHOICE FREE MARKET SCHOOLS  More...

EDUCATION TAXES  More...

Health and State:

12-31-2005 Does surgery for cancer cause more cancer?   More...

FAT IDAHO   More...

IDAHO'S LOOMING FAKE HEALTH CARE "CRISIS"  More...

WHEN GOOD CELLS GO BAD  More...

PRO-CHOICE CANCER TREATMENT  More...

Money and the Federal Reserve:

THE FUZZY MATH OF U.S. COINAGE  More...

      back to top...

 

 

 

 

"A communist is somebody who doesn't have anything, and is ready to divide it up equally among everybody."
...G. B. Shaw

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