Economics in One Lesson

Most of the economic information which we have been bombarded with daily on the radio and television for over sixty years is composed of nothing more than rehash after rehash of the same fundamental fallacy - The Broken Window Fallacy. Once we understand this fallacy and what it means for public policy decisions, we begin to see the ill effects of many well-intentioned, yet misguided, policies.

Therefore, in the interest of dispelling this illusion, I am giving a link to what is quite possibly the best introductory book on economics ever written (if you know a better one, by all means please leave a comment). The book was published in 1946 by Henry Hazlitt.

Economics in One Lesson (Online Version)

I have also taken the time to make a video playlist on Youtube of discussions on this book from economists at the Ludwig von Mises Institute. I was quite impressed with many of their discussions on the sound economics principles described in this amazing book.

Discussions on Economics in One Lesson (Video Playlist)

The Philosophy of Liberty

I recently found a video on youtube which amazed me.

I have never seen the Philosophy of Liberty explained so clearly and so succinctly. Watching the words fly by on the screen, I was struck with the poignant realization of how far the United States has fallen from Liberty since the adoption of the Constitution in September 17, 1787. The men and women whose labors and sacrifices made the Republic which laid the foundation for our present prosperity would look at the government now with disdain.

"Government is not reason; it is not eloquence. It is force. And force, like fire, is a dangerous servant and a fearful master."
George Washington

"Any people that would give up liberty for a little temporary safety deserves neither liberty nor safety and will lose both."
Benjamin Franklin

"The Tenth Amendment is the foundation of the Constitution."
Thomas Jefferson

"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote."
Benjamin Franklin

Without further ado, here is the Philosophy of Liberty!

Peter Schiff Predicts Crash of Housing Market

Is it amazing to believe that back in 2006, someone knew that the housing bubble was about to burst and that the US economy was headed for a serious recession?

Many people probably had inklings of the coming storm, but here is a talk by Peter Schiff in 2006 putting his reputation on the line to unequivocally expound on the coming crash and what investors can do to protect themselves.

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 1 of 8

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 2 of 8

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 3 of 8

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 4 of 8

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 5 of 8

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 6 of 8

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 7 of 8

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 8 of 8

When a person is as dead-on as he is, it pays to start listening to him.

For more information about Peter Schiff, check out his Wikipedia page.

Freedom to Fascism?

Below is an interesting documentary by Aaron Russo. He begins by investigating whether there is a law requiring the average US citizen to pay the federal income tax and he concludes with a dark vision of the future of our world. It is very disturbing and I am very interested in continuing my investigation of this. I hope to God it is not true, but I also must acknowledge that what I hope has nothing to do with reality.

America: Freedom to Fascism



A few nice quotes from this video:

"Give me control of a nation's money supply, and I care not who make its laws."
- Mayer Rothschild, Founder of the Rothschild family banking empire

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are not longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
- Woodrow Wilson, the President who signed the Federal Reserve Act of 1913

"The power to tax is the power to destroy."
- Supreme Court Chief Justice John Marshall

"None are more hopelessly enslaved than those who falsely believe they are free."
- Goethe

MLK Jr. on Vietnam

Since it is Martin Luther King Jr. Day today, I thought that I would post a few videos of famous speeches by Dr. King. Below is his speech about the Vietnam War:

Martin Luther King, "Why I Am Opposed to the War in Vietnam"



And of course, Dr. King's most famous and celebrated speech, "I Have a Dream":

Martin Luther King "I have a dream"

The Truth About Fiat Money

I found another great video giving a negative view of fiat currency.

FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution

Who Really Runs the Fed?

I'm back again for another installment in the discussion of the Federal Reserve and central banking system. For over 90 years, the Federal Reserve has been praised as providing for economic stability in the face of the rising and falling economic cycles. I am now providing two videos which claim that the Federal Reserve actually causes the rising and falling economic cycles purposefully for the benefit of the rich international banking interests known as 'the money changers'.

Money, Banking and the Federal Reserve



The Money Masters - How International Bankers Gained Control of America



Very interestingly, the previous video does not recommend moving back to a gold standard, which Nixon departed our nation from in the 70's, but simply replacing the debt-based money issued by the Fed with debt-free money issued by our own sovereign government.

A few quotes from this video:

"I can tell you right now that there is going to be a crash of unprecedented proportions. A crash like we have never seen before in this country. The greatest shock of this decade is that more people are about to lose more money than at any time before in our history. But the second greatest shock will be the incredible amount of money that just a relatively small group of people will make at the exact same time. You see, in periods of economic upheaval and economic crisis, wealth is not destroyed. It is merely transferred."
- Larry Bates, Economist and Author of "The New Economic Disorder"

I strongly urge any who are trying to understand the factors behind why our currency has been steadily losing its value over the last 90 years to watch these movies. The videos are very informative about general economic and banking ideas such as inflation, fractional reserve banking, depressions, et cetera.