The End Of The World As We Know It

May 24, 2011

TEOTW Is Foolishness – TEOTWAWKI Will Happen Soon

by Russell D. Longcore

The world media was all abuzz last weekend with the prediction of an event known by evangelical Christians as “The Rapture.” Seems a radio preacher named Harold Camping, head of Family Radio International in Oakland, California (what a surprise…California) made a prediction that Jesus Christ would descend from Heaven on May 21, 2011 and call all Christians…dead or alive…up into the sky to meet him, then going from there on the speed-of-light express directly to Heaven. This prediction is based on various Scriptural references to this event, most notably I Thessalonians 4:17, although most biblical scholars agree that the date of the event is unknown. The term “Rapture” is not found in the Bible, but is a term attributed to 18th century American Puritan preacher Cotton Mather. It is based upon the Latin word “rapio,” which means “to take up.”

Can you blame the media, though? I mean, throw the dice on this one. What if the guy had been right? The video footage would have been the most remarkable footage in the history of mankind. Billions of humans disappearing into the sky in an instant? And all of those billions simply disappearing would have caused complete chaos on earth for those who remained earth-bound…”Left Behind,” like the series of Christian novels by Tim LaHaye outlined. News stories ad infinitum!

But Mr. Camping was mistaken once again. No, this is not his first time making this prediction. Still, it was very entertaining while it lasted.

Let’s drop back a little and discuss The End of the World.

In previous articles, I have written about “connotation words.” They are words with an emotional association in addition to the literal meaning of the word. In today’s world there are many words and phrases for which the literal meaning has been lost and only the emotional association remains. Examples? How about love, liberty, freedom, conservative, liberal, racist, faith, belief, Christ? All emotionally charged, yet their meaning is subject to private interpretation. Also consider the word “nigger.” There’s a word so charged with emotion that white people are deathly afraid of using it, replacing it with “n word.” Of course blacks call each other “nigger” all the time. Try watching a black comedian do a standup routine and play a drinking game while you watch. Do a shot every time the comic says “nigger.” You’ll be passed out before he finishes his routine.

But I digress…

The phrase “The End of the World” is just such a connotation phrase. No one ever seems to define it. The term “End of Days” is used interchangeably. But whatever they mean, they do not mean exactly what they say. The end of days would literally mean that time stood still, the earth stopped spinning on its axis and there were no more days. No one believes that will happen. Even if Harold Camping would have been right, the world would not have ended. Even the Mayan predictions of the “end of the world” do not include the destruction of the earth in 2012.

So what is TEOTWAWKI…the end of the world as we know it??

Here is my explanation, and no supernatural event need happen for the end of the world as we know it to occur. Hang with me, this might take awhile.

This really should be known as “The End Of The Global Super Bubble.” Issuing counterfeit money in conjunction with fractional reserve banking created a super bubble that has distorted nearly every human activity worldwide. And every time throughout history that a government has issued counterfeit money, it has created a bubble that eventually bursts. Seems human beings don’t learn from the past.

All of the nations of the earth have conspired together over the last 70-plus years to use counterfeit money and to inflate their currencies. They have chosen one particular nation’s money as the world reserve currency…the money they use to settle debts between nations. That nation chosen for reserve currency status is the United States of America. In fact, America kind of chose itself. After WWII, America was about the only economy not left in tatters. Great Britain, whose Pound Sterling was formerly the world reserve currency, had been pounded to dust. And at that time, the Dollar was backed by gold.

No nation’s currency is backed by gold now. ALL nations have printed fiat money. The world economy of late has been entirely debt-driven. Between the ever-growing worldwide public debt and the steady inflation of currencies fueled by that public debt, money is becoming more and more worthless. And in a few locations, the money actually completely failed. Remember Weimar Germany, Argentina and Zimbabwe? Their currencies became entirely worthless, and they experienced an “end of the world” in their nations.

When the Confederates States of America was founded in 1861, the Confederate money was entirely based on debt instruments, as the Confederacy sold bonds to raise capital. Most of the gold the South could lay their hands on went to Europe to buy war materiel. As the war progressed, the Confederacy issued more and more paper money. Confidence in the money waned and the dates of redemption on the bonds were extended further into the future. By the end of the war, Confederate money was already worthless. So this is the perfect example of secession that failed because the seceding states got money creation all wrong.

The USA’s dollar cannot continue much longer as world reserve currency. This simply means that of all the criminal nations of the earth that have stolen from the population of the earth, the USA’s level of theft has been the most egregious. Some nations have stolen from just their own people, but the USA has robbed everyone. Washington has borrowed trillions of dollars that it can never repay. Combined with a central bank that has printed additional trillions of dollars with no hard value behind it, the dollar’s value is rapidly eroding. So, in a world where many nations hold US Treasury bonds, those nations face the real possibility that they will either be repaid in dollars of drastically diminished purchasing power, or simply left holding Treasury bonds of no value whatever. That is what’s known as “monetizing the debt.”

There is talk worldwide of replacing the Dollar as reserve currency. China’s Yuan is the most likely candidate. China’s economy sits in the catbird seat, much like the US enjoyed after WWII. When the American Dollar collapses, China’s economy is so vibrant…and China’s government is so robust…that it will be able to absorb a complete American collapse in which Washington defaults on 100% of its debt. But most other nations will suffer greatly. Let’s turn our attention now to the suffering that WILL occur after the collapse of the US Dollar.

When Zimbabwe-like hyperinflation occurs, DC will revalue the currency. The Federal Government will have a redemption period, in which you can bring your old Federal Reserve notes to the bank to receive the new money. After that period, your old money will be entirely worthless. It may add a zero, or two zeroes, or six. Two zeroes would mean that your ten dollar bill will only be worth ten cents. To buy a $2.00 loaf of bread you would have to present $200.00 in new money notes. Hyperinflation burns through your cash like fire.

When the dollar collapses, the banks of the world will shut down their Automatic Teller Machines (ATMs). The banks and credit card companies will also shut down the point-of-purchase machines, otherwise known as credit card machines. That means that unless you have cash on hand, you will not be able to buy anything using a credit or debit card. That will also mean that those on government assistance who receive a pre-loaded debit card will not be able to buy food or anything else.

The banks will declare a “bank holiday.” Sounds fun, but nobody will be smiling. A bank holiday is the bank shutting down and not doing business with ANYONE. So, if you’re checking or savings account has money in it, you will be unable to make a withdrawal. The holiday will likely last indefinitely, or at least until the US Treasury prints up the new money to replace the old failed fiat money. Banks might allow customers access to their safe deposit boxes, but that will depend on the physical risk the bankers must assess.

Legal tender laws will be entirely ignored as people understand that the value of the money is evaporating. Merchants will see that currency values are so volatile that the dollar value at 8 am could be higher than it is at close of business. Why should a seller accept “money” that is decreasing in value? So, many sellers will demand either gold and silver, or some other form of value as payment.

The black market of goods and services will spring into life rapidly after the crash. If you have hard money, or if you can barter goods or services, you will have a chance of survival. If you do not have gold and silver coins…real money…you will not have much chance of survival. And naturally, if you have set aside survival stores, you have a chance of coming out the other side alive and in one piece.

Crime

Within hours of the collapse, looting of stores will begin. The looting will begin in inner cities, where the greatest concentration of poor, desperate people live. Then the looting will spread outward from there, eventually spreading to the suburbs and out into the countryside. But don’t think that the looters will only be from the inner cities. There are lots of your neighbors who will become looters too. And once stores have been looted, suppliers will be unwilling to re-supply since their trucks will be targets for highjacking. Envision a beer truck or a bread truck with heavily armed men “riding shotgun.” Just like the stagecoaches of the Old West.

Armed thugs will fill their gas tanks for free as an accomplice holds a gun on the gas station cashier. Gasoline companies will only roll their tanker trucks and refill the tanks with armed escorts. But that only happens if the gas station owner can pay for the gasoline. He’s going to be in the same no-cash boat as most other people.

Those people who are not armed with firearms and a mindset to use deadly force to protect themselves, their families and their property will be victims. It’s not an issue of whether, it will be an issue of when. Almost no one will avoid roaming looters. The question will be who is the greater threat to whom. Thugs only respect superior force. Be sure that your force is superior.

Communications Breakdown

The Internet may be interrupted by your government. Cell phones may stop working, because how are the cell companies going to get paid for service when the money’s no good? And don’t forget radio stations. Most radio stations operate from advertising revenue. The public broadcasting stations operate from donations and government subsidies. After the dollar collapses, and people are scrambling to survive, how many businesses will slash their advertising expenditures? How many people will stop making contributions to charities? So expect to see the majority of radio stations shut down very soon after the collapse. Television stations, cable TV and satellite TV will follow suit, as their revenue is primarily from advertising. We recommend that you become a HAM radio operator as well as CB radio operator.

Hunger and Death

The poor and aged will suffer first and most. Those without food or the means to buy it will die of starvation…a long painful death. Millions will die, and a great many of those millions of bodies will not be buried. Think about it. Who will have money to pay for a casket, burial or cremation? Rotting bodies left unburied always facilitate disease epidemics. Cholera, tuberculosis, HIV, staff infections, Hepatitis B and C, bubonic plague, typhoid and other epidemics regularly occur as the result of mass casualties. So if starvation doesn’t kill you, a plague might. Rapidly, there will be geographic areas you shouldn’t go into because of plague.

People who are weakened by lack of food are also susceptible to a disease epidemic. So it won’t just be the aged or poor that die like flies. People who are on maintenance medication who cannot pay for their medicine will die too.

Law Enforcement

Law Enforcement Officers (LEOs)will face challenges and dangers never before witnessed in the history of this nation. There are already far too few LEOs to effectively prevent crime. After the collapse, it will get worse. LEOs have families too, don’t they? Remember what happened in the wake of Hurricane Katrina? Most of the New Orleans cops didn’t show up for work because they had families to protect. If you dial 9-1-1 after the American economy collapses and the money hyperinflates, you should not expect to ever see a cop at your door. They will only respond to the most serious and grave law enforcement issues. Or, they may be busy enforcing martial law. In my opinion, the functions of the police that we take for granted will be a memory. You will be entirely on your own to protect yourself, your family and your property.

The ONLY human action that can rescue humanity from TEOTWAWKI is the re-establishment of gold and silver-backed money. Simply anointing another nation’s fiat currency as the new world reserve currency may kick the can down the road for a short time, but it won’t fix the worldwide problem. That is, unless a nation like China converted its currency to hard currency and then refused to accept any other currency than the Gold Yuan or gold itself. Remember that the international bankers and the International Monetary Fund are closely allied to Washington. If DC dies, the IMF dies. And if the Yuan becomes the new hard money world reserve currency, the international bankers are stripped of their power to steal. So expect the international bankers to fight Chinese supremacy unless they can continue to inflate and create money from thin air.

We here at DumpDC believe that the gold that is purported to be in Fort Knox is likely long gone. So the statistical chances that Washington could revert to a gold standard are zero. The ONLY logical place that hard money is likely to occur in North America is inside a US State that secedes from the Union. That state will see the hopelessness of central banking, legal tender laws, fiat money and fractional reserve banking and deduce that only hard money can save them from destruction. This must be the first and most important priority for any seceding state. Nothing else will matter if a seceding state gets this wrong. If a seceding state gains its independence from the USA, only to buy into another world currency, it will simply join all the other failing nations in a “me too” effort.

The End Of The World As We Know It is just over the horizon. And it’s true…the world will never be the same once the Dollar collapses. The carnage around the world will be horrific and historic. I sincerely hope that you, dear readers, survive. But individual liberty and property rights could be the phoenix that arises from the ashes of the global financial meltdown. That is, if JUST ONE AMERICAN STATE secedes and establishes gold standard money. If JUST ONE nation of the world makes a decision to fight for its own survival with gold money instead of being dominated by the internationalists and one-worlders. Make sure you place yourself and your family in that sanctuary.

How about a little music that talks about living when “the money’s no good?”

Secession is the Hope For Mankind. Who will be first?

DumpDC. Six Letters That Can Change History.

© Copyright 2011, Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.


Islam: And Now Something Completely Different

May 23, 2011

By Russell D. Longcore

In 1989, the Soviet Union melted like the Wicked Witch of the West when Dorothy threw water on her. Her republics all seceded and became sovereign nations once again. This threw Washington into a tizzy. There were olive drab panties in wads all over the Pentagon. Washington’s new task was to identify another enemy and do it fast. Otherwise, why would America need all these cool Star Wars weapons systems? What was the use of having a NATO when their enemy had disappeared? How could Washington keep the citizenry scared of a common hobgoblin? And how would Washington keep the population staring lovingly toward DC as its ultimate Savior?

Somewhere along the line, some bright Ivy Leaguer bureaucratic troll must have suggested that Islam would make a keen new enemy. Nearly as old as Christianity and just about as modern as first century Rome, Islam was the perfect foil for American exceptionalism. Islam was quirky, difficult to understand, and seemed to have a perpetual chip on its shoulder. They had a special book to follow…The “Quran”…kind of like the Bible…that they also believed was the very word of Allah (God). The Quran has some very radical, non-Western Civilization notions and teachings in it that are perfect for an enemy’s playbook.

Plus, these Muslims (adherents to Islam) very conveniently happened to occupy a part of the world under which exists an ocean of crude oil.

Islam is the perfect religion for a part of the world populated by tribes. I wrote about tribes HERE.

Washington had started its meddling in the Middle Eastern tribes decades before the fall of the USSR, however. DC cemented a deal with the House of Saud way back in 1945 and has been helping prop up the Saudi Arabian royal family ever since. In the nations all along the north of Africa eastward to Pakistan, Washington has been overthrowing rulers and dictators and installing DC’s own patsies now for 70 years. But during that time, Islam in all its permutations has been growing steadily. Wahhabism, Sunni, Shia and Sufi all follow the Prophet…peace be upon him.

Islamic clerics have long referred to the United States as “The Great Satan.” However, they have been perfectly willing to make pact after pact with the Devil.

It is arguable that Islam is a threat to Western Civilization. But Western Civilization has been a threat to Islam over the decades. The West has tried to democratize Islam, which can never work. When that didn’t work, the West overthrew recalcitrant tribal leaders and “crowned” new ones that would do the West’s bidding. Muslims were not amused, and not fooled by their puppet leaders. So, in most cases, the puppet presidents had to resort to terrible repression and brutality toward its own people simply to stay in power.

Meanwhile, the West exploited the oil reserves of the Islamic nations. Bedouins and tribes became fabulously wealthy from oil revenues, but at the price of having to be in bed with the Western tyrants. Not exactly a marriage made in heaven.

The lapdog media of the 21st century lump all of Islam together into a homogenous group. But tribes are not that way. Saudis, Palestinians, Syrians, Jordanians, Yemenis, Egyptians and Libyans (and others) are Arabs. But Iranians are Persians. Kurds are Kurds. Turks are Turks. Pashtun is the biggest tribe, numbering over 40 million in Pakistan and Afghanistan. They embrace Islam, but that is where the similarity ends.

Contrary to media reports, Islam can indeed get along with Christianity. Lebanon used to have a vibrant Christian community, as did Iraq, Syria, Turkey and Iran. Egypt has the Coptic Church, established just after Jesus walked the land.

So, Washington and the West have:

• Made deals with Islamic nations
• Betrayed deals with Islamic nations
• Overthrown Arab governments
• Overthrown Persian, Kurd and Turk governments
• Installed puppet dictators
• Supported repressive regimes
• Invaded the Middle East with military troops
• Started wars between Middle East nations (like Iraq and Iran, or Israel and Egypt)
• Killed millions of civilians
• Built military bases on Islamic soil
• Propped up and protected the government of Israel

And this last week, our dorky President suggested that the Israeli/Palestinian crisis be solved by establishing Israel’s borders where they were after the 1967 war. This is guaranteed to throw gasoline on this Arab/Israeli fire. This situation will get completely out of control. Thanks, Barry.

Now, Islamic nations distrust and hate each other. All of Islam seems to hate Israel. And Islam and Israel hate Washington and the West.

Here’s the question of the day: How has all that worked for Washington and the West sofar?

And Now Something Completely Different

In the remaining few words of this article, I’m going to recommend that we try a new way of dealing with Islam.

Let’s Mind Our Own Goddamned Business.

How about if we do the following?

• End all military activity in the Middle East immediately.
• Remove ALL Western military presence from the Middle East.
• End ALL foreign financial aid to ANY AND ALL nations.
• Abrogate ANY AND ALL treaties with Middle East nations.
• Remove ALL intelligence operators from the Middle East.
• Just leave them alone and not meddle in their affairs. Allow the several nations of the Middle East to work out their own destinies without American intrusion. Everything in the Middle East is not a matter of American national security.
• Try to become a trusted trading partner, driving hard bargains and keeping our word.
• Remove all restrictions on domestic oil and gas exploration. If we’re producing our own oil, we’ll need less Middle East crude, which will drop prices worldwide.
• Have our president apologize to the entire Islamic world for the chaos, death and destruction America has caused over the decades.
• Do what Jesus Christ told His followers to do – “Love your enemies and practice being humble.”

America holds itself up to the world as a beacon of Christianity. But Washington acts in ways 100% opposite to Biblical teachings. I think we can all agree that Washington’s way of interacting with the people of the Middle East has failed miserably over the past 70 years. So how about if we try to be nice for a change?

Perhaps all the falderol about Islam taking over the world would not come to pass if we made consistent efforts over time to mind our own business and act in ways that were consistent with our stated beliefs. Nobody likes or trusts a hypocrite. But if the hypocrite stops his hypocrisy and really changes, he could be trusted once again.

This recommendation, which makes a 180 degree turn in foreign policy, might not work. But the DC foreign policy of the past 70 years has been a miserable failure which has cost millions of innocent lives and trillions of dollars. I am suggesting that we stop doing stuff and pretty much DO NOTHING for a while. Allow other grownups to run their own lives without being meddled with or being murdered. Perhaps the adherents of Islam would in turn lay down their AK47s and put away their IEDs and leave us alone.

And finally, if any state secedes and becomes a new nation, should not this article be the Owner’s Manual for foreign policy for the new nation?

Isn’t it worth a try, Dear Readers? YOU got a better idea?

Secession is the Hope For Mankind. Who will be first?

DumpDC. Six Letters That Can Change History.

© Copyright 2011, Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.


They Are Bringing It Now

May 22, 2011

by Hellesponte & C. Kerodin

(Editor’s Note: Dear Readers, do you know anything about exponential growth? An acorn becomes a tree…a tree becomes a stand of trees…the stand becomes a forest. But it also works in human events. A small amount of money will grow to a fortune over time. But a small seed of tyranny will also grow to totalitarianism given enough time. And toward the end, the compounding effect gets faster and faster. The world powers are accelerating their tyranny and doing it now in plain view, daring patriots to stop them. Eventually, there will be a fight and blood will spill.)

The Indiana Supreme Court ruling, followed by the SCOTUS 8-1 in support of broadening warrantless search powers should clearly delineate for Patriots who is on what team.

Badge & Gun = Team Tyranny.

Black Robe = Team Tyranny.

Elected to Office = Team Tyranny.

Appointed to Office = Team Tyranny.

Bureaucrat in any capacity = Team Tyranny.

You think I paint with too broad of a brush?

I’m not done yet.

Anyone who donates money or time to anti-Liberty groups or campaigns = Team Tyranny.

Any neighbor who votes for D or Establishment R candidates = Team Tyranny.

I will grant you that the last category of people are the least malicious of the Team Tyranny Idiots…but you’d better understand that they are NOT on your team, and some are in this category only because they are too lazy to work up into the active ranks of Tyrants.

And do not bother me with arguments of Who am I to judge my neighbor for voting for Ted Kennedy…

That is garbage, and if you don’t know it then please stand down and get out of the way. There comes a moment in life when you must rely upon your internal moral compass and do the hard things, and leave the philosophy to others once you have made the world safe again for their pontification.

I challenge anyone to identify any single elected or appointed member of the Political Class today who examines every issue through the lens of Constitutional Authority before acting on your behalf in the capacity of their office. You can not name one single announced or potential Presidential, Senatorial or Congressional candidate for 2012 who campaigns on the statement that: Social Security, Medicare & Medicaid are unconstitutional and must be stopped.

Tell me how “fixing” Social Security or Medicare is anything but unconstitutional?

Tell me just how much unconstitutional behavior you are willing to tolerate before you push back with the means Tyrants understand.

Better yet – don’t tell me, it was a rhetorical query. I don’t want to know your inner intent. That’s your business, and the fewer people you let know your intent and tripwires the safer you will be.

Your enemies are dropping the pretense.

The balloon is going up.

They are bringing their fight to you…right now.

Can you identify it for what it is? Or will you look back soon and realize that you missed the window of opportunity?

The time of Mencken is washing upon our ankles. His quote:

Every normal man must be tempted, at times, to spit upon his hands, hoist the black flag, and begin slitting throats.

Resist! Reinforce. Reload. Ruckus. Restoration.

Now!

Copyright 2010 & 2011 Christian Kerodin ©

Kerodin.com


Where Are the Christian Churches When We Need Them Most?

May 21, 2011

by Mark R. Crovelli

(Editor’s Note: Paragraph one of this article quotes Thomas Aquinas about the church’s mission on earth. Unfortunately, the church would not know truth if it fell into a vat of it. The church’s mission on earth has always been the perpetuation of the church and nothing else. That its devotees are of limited intelligence only serves to make the church’s mission easier to accomplish. I wrote Who Should Be The State’s Mortal Enemy? Read that too.)

One of the most important functions of religious faith, observed St. Thomas Aquinas, is to allow people of limited intelligence and people with limited time for study to know important truths about God without having to investigate them personally. After all, few ordinary people are in a position to spend years rationally investigating the tenets of their faith, so, if they are to have any chance at finding Truth during their lives, they need to have it prepackaged for them to swallow on faith alone with the assistance of the Church.

This infinitely wise observation is just as true today as it was in the thirteenth century, and the Christian churches would do well to remember it during these especially turbulent political and economic times. In fact, with the world’s masses aflame with revolutionary ideas at the very same time that governments are going bankrupt, the need has never been greater for the Christian churches to remind their unthinking, gullible, and emotional flocks of what is true and just and good. If they fail to do this, and right quick, there is a very real and dangerous possibility that the Christian masses will get swept away by exciting and profoundly immoral ideas that will doom Western civilization for the foreseeable future.

Specifically, the Christian masses desperately need to have the foundations of Christian ethics beaten into their dense skulls to keep them on the right path during these hours of intellectual temptation. Since many of the ideas floating around the world right now are both alluring and morally dangerous, the Christian masses need a simple set of criteria by which to judge what is right and what is wrong. Fortuitously, God was provident enough to provide Christians (and Jews and Muslims) with a list of ten moral criteria so undemanding that even the most intellectually challenged among them should be able to determine right from wrong.

The list contains two ethical commandments of especial importance today because of the extreme danger that the Christian masses will unthinkingly violate them. The first and most important is that it is wrong for Christians to kill people. One would think that the Christian masses would have been able to memorize and abide by this simple proscription in the two thousand years that Christians have been walking the Earth, but apparently the density of the mass man’s mind continues to defy penetration. Christians in recent years are definitely no less likely to kill than any other peoples, and the danger is that they will kill even more frequently in coming years as economic and political conditions deteriorate further.

Thus, the Christian churches must intervene right now to remind the Christian masses that it is wrong to kill human beings and it is wrong for other people to kill in one’s name. The Christian flocks are increasingly angry, frightened, and impoverished by the political classes’ extravagances, and the temptation will only grow to take out their frustrations on other groups of people, such as the wealthy, Muslims, immigrants, or even their own neighbors. This is all the more true today, when it is so easy to aid in killing other people simply by voting. The majority of Christians do not need to bloody their own hands by shooting unarmed women and old men, for example, but they do irreparably stain their consciences by supporting such killings and paying for them with their tax money. And let’s not forget about the hordes of professional “Christian” killers (i.e., “soldiers”) that are presently plying their bloody trade in the three immoral wars that the supposedly “Christian” West is prosecuting in the Middle East.

The task of reigning in Christian killing before it gets even more out of hand will be impossible, however, unless the Christian churches simultaneously reign in their flocks’ nationalistic sentiments. Like most peoples today, Christians have come to worship their own governments with religious fervor, a serious Christian sin in its own right. They thus do not view killings by “their” government soldiers and police as morally analogous to killings by rapists and robbers. Unless this nationalistic moral blindness is corrected by the Christian churches, or by human reason, by emphasizing that the lines drawn on maps identifying different countries are completely morally irrelevant, Christians will never curtail their killing, because they will inevitably view government-sponsored killing of “other people” as somehow morally acceptable. Without help from the Christian churches, the unthinking Christian masses will continue to value, not human life as such, but their “own” people’s lives, and to hell with the rest of the people of the world.

The Christian churches must also urgently emphasize that Christians should not torture, imprison, beat, or otherwise physically abuse other human beings. Nor should they countenance such depraved activities done in their name by their governments. This proscription follows directly from the prohibition against killing, because to put a man in a cage deprives him of his life and dignity during that time just as surely as killing him would, and torturing him makes him envy the dead, which is worse than actually killing him. It should go without saying that Christians ought not to do these things or accept that they be done in their name with their tax monies, but the Christian masses keep approving of them nonetheless. This will only increase as political and economic turmoil increases, and the Christian churches will be morally responsible to a certain extent if they do not do all they can to head it off now.

The second important ethical precept that the unthinking Christian masses urgently need to be reminded of is God’s prohibition against stealing. It is unequivocally wrong for Christians to take property from other people without their consent, and it is equally wrong for them to encourage or to pay other people (e.g., tax collectors or mob strongmen) to do the same thing. Like the prohibition against killing, God’s prohibition against stealing is about as clear as man could possible desire: “Thou shalt not steal.” One might be tempted to think that the Christian masses would be able to comprehend something as simple as that, but apparently God vastly overestimated the mental abilities of His progeny. The Christian masses accept stealing, by governments in particular, just as much as any other people, and they tend to particularly approve of stealing from (i.e., taxing) the rich. They apparently think that it is morally acceptable for their government to take money from rich people by force just because Jesus was poor and defended poor people. The fact that Jesus’ own Father explicitly forbade them to steal – even from rich people – does not seem to enter into their moral reasoning. The Christian churches desperately need to undermine this invidious tendency before the increasingly impoverished and desperate Christian masses fall on their rich prey with a vengeance. Failure to head this tendency off will doom Western civilization for the foreseeable future, as the rich take flight with their capital to places that actually care about God’s Commandments. The loss of this valuable economic capital at a time when it is most needed to rebuild after the government created recession will send the Christian West back to the stone age.

Along a similar vein, there is an urgent need for the Christian churches to remind their mindless flocks that it is immoral to counterfeit money. It is just as wrong for me to print fake money to buy your car, for example, as it would be for me to steal it from you outright. The need for the Christian churches to emphasize this ethical precept does not, however, stem from a danger that the Christian masses will resort to the printing press themselves. Instead, the danger lies in the likelihood that the Christian masses will have their entire life savings and livelihoods wiped out by profoundly immoral economic idiots working in collusion with government who believe that prosperity grows on trees. Again, one would think that the Christian masses would already be aware that counterfeiting money is sickeningly immoral and economically destructive, but Christians of all stripes have done virtually nothing to stand up to this form of robbery. This testifies, yet again, to the appalling stupidity of the Christian masses – even when they themselves are being victimized, and the desperate need for the Christian herd to be morally guided by the Christian churches.

One hopes that the Christian churches will begin to lay seeds in the minds of their followers that will counteract these deadly immoral trends. With economic conditions deteriorating and political “leaders” plumbing new moral depths, the need has never been greater for the Christian churches to lead their herds back to the ethical path laid by Jesus and His Father. And that means, first and foremost, that the Christian churches must do their best to stop Christians from killing and robbing other people. One shudders to think that the Christian Churches even need to be reminded of something as fundamental as this.

Mark R. Crovelli writes from Denver, Colorado.

Copyright © 2011 by LewRockwell.com.


Human Freedom Rests on Gold Redeemable Money

May 20, 2011

by Hon. Howard Buffett
U.S. Congressman from Nebraska
The Commercial and Financial Chronicle 5/6/48

(Editor’s Note: Remember that this was written in 1948. Gold and silver coins ARE money. Paper script is currency. There is a big and significant difference. The reason that the US Constitution authorized Congress to “coin money,” not “print money,” is for this very reason. Further, the clause in Article I, Section 8 clearly identifies coinage as an issue of weights and measures, just like fixing the pound to 16 ounces or the yard to 36 inches. The ONLY way a US state can successfully secede is to establish real money of gold and silver coins, or electronic money based upon WEIGHT of precious metals. I even contend that a state could secede without a militia if it got the money issue done right.)

Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere.

But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty.

Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom.

In that case then certainly you and I as Americans should know the connection. We must find it even if money is a difficult and tricky subject. I suppose that if most people were asked for their views on money the almost universal answer would be that they didn’t have enough of it.

In a free country the monetary unit rests upon a fixed foundation of gold or gold and silver independent of the ruling politicians. Our dollar was that kind of money before 1933. Under that system paper currency is redeemable for a certain weight of gold, at the free option and choice of the holder of paper money.

Redemption Right Insures Stability

That redemption right gives money a large degree of stability. The owner of such gold redeemable currency has economic independence. He can move around either within or without his country because his money holdings have accepted value anywhere.

For example, I hold here what is called a $20 gold piece. Before 1933, if you possessed paper money you could exchange it at your option for gold coin. This gold coin had a recognizable and definite value all over the world. It does so today. In most countries of the world this gold piece, if you have enough of them, will give you much independence. But today the ownership of such gold pieces as money in this country, Russia, and all divers other places is outlawed.

The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers. That actually happened in Russia a few months ago, when the Russian people, holding cash, had to turn it in – 10 old rubles and receive back one new ruble.

I hold here a small packet of this second kind of money – printing press paper money – technically known as fiat money because its value is arbitrarily fixed by rulers or statute. The amount of this money in numerals is very large. This little packet amounts to CNC $680,000. It cost me $5 at regular exchange rates. I understand I got clipped on the deal. I could have gotten $2½ million if I had purchased in the black market. But you can readily see that this Chinese money, which is a fine grade of paper money, gives the individual who owns it no independence, because it has no redemptive value.

Under such conditions the individual citizen is deprived of freedom of movement. He is prevented from laying away purchasing power for the future. He becomes dependent upon the goodwill of the politicians for his daily bread. Unless he lives on land that will sustain him, freedom for him does not exist.

You have heard a lot of oratory on inflation from politicians in both parties. Actually that oratory and the inflation maneuvering around here are mostly sly efforts designed to lay the blame on the other party’s doorstep. All our politicians regularly announce their intention to stop inflation. I believe I can show that until they move to restore your right to own gold that talk is hogwash.

Paper Systems End in Collapse

But first let me clear away a bit of underbrush. I will not take time to review the history of paper money experiments. So far as I can discover, paper money systems have always wound up with collapse and economic chaos.

Here somebody might like to interrupt and ask if we are not now on the gold standard. That is true, internationally, but not domestically. Even though there is a lot of gold buried down at Fort Knox, that gold is not subject to demand by American citizens. It could all be shipped out of this country without the people having any chance to prevent it. That is not probable in the near future, for a small trickle of gold is still coming in. But it can happen in the future. This gold is temporarily and theoretically partial security for our paper currency. But in reality it is not.

Also, currently, we are enjoying a large surplus in tax revenues, but this happy condition is only a phenomenon of postwar inflation and our global WPA. It cannot be relied upon as an accurate gauge of our financial condition. So we should disregard the current flush treasury in considering this problem.

From 1930-1946 your government went into the red every year and the debt steadily mounted. Various plans have been proposed to reverse this spiral of debt. One is that a fixed amount of tax revenue each year would go for debt reduction. Another is that Congress be prohibited by statute from appropriating more than anticipated revenues in peacetime. Still another is that 10% of the taxes be set aside each year for debt reduction.

All of these proposals look good. But they are unrealistic under our paper money system. They will not stand against postwar spending pressures. The accuracy of this conclusion has already been demonstrated.

The Budget and Paper Money

Under the streamlining Act passed by Congress in 1946, the Senate and the House were required to fix a maximum budget each year. In 1947 the Senate and the House could not reach an agreement on this maximum budget so that the law was ignored.

On March 4 this year the House and Senate agreed on a budget of $37½ billion. Appropriations already passed or on the docket will most certainly take expenditures past the $40 billion mark. The statute providing for a maximum budget has fallen by the wayside even in the first two years it has been operating and in a period of prosperity.

There is only one way that these spending pressures can be halted, and that is to restore the final decision on public spending to the producers of the nation. The producers of wealth – taxpayers – must regain their right to obtain gold in exchange for the fruits of their labor. This restoration would give the people the final say-so on governmental spending, and would enable wealth producers to control the issuance of paper money and bonds.

I do not ask you to accept this contention outright. But if you look at the political facts of life, I think you will agree that this action is the only genuine cure.

There is a parallel between business and politics which quickly illustrates the weakness in political control of money.

Each of you is in business to make profits. If your firm does not make profits, it goes out of business. If I were to bring a product to you and say, this item is splendid for your customers, but you would have to sell it without profit, or even at a loss that would put you out of business. – well, I would get thrown out of your office, perhaps politely, but certainly quickly. Your business must have profits.

In politics votes have a similar vital importance to an elected official. That situation is not ideal, but it exists, probably because generally no one gives up power willingly.

Perhaps you are right now saying to yourself: “That’s just What I have always thought. The politicians are thinking of votes when they ought to think about the future of the country. What we need is a Congress with some ‘guts.’ If we elected a Congress with intestinal fortitude, it would stop the spending all right!”

I went to Washington with exactly that hope and belief. But I have had to discard it as unrealistic. Why?

Because an economy Congressman under our printingpress money system is in the position of a fireman running into a burning building with a hose that is not connected with the water plug. His courage may be commendable, but he is not hooked up right at the other end of the line. So it is now with a Congressman working for economy. There is no sustained hookup with the taxpayers to give him strength.

When the people’s right to restrain public spending by demanding gold coin was taken from them, the automatic flow of strength from the grass-roots to enforce economy in Washington was disconnected. I’ll come back to this later.

In January you heard the President’s message to Congress. or at least you heard about it. It made Harry Hopkins, in memory, look like Old Scrooge himself. Truman’s State of the Union message was “pie-in-thesky” for everybody except business. These promises were to be expected under our paper currency system. Why? Because his continuance in office depends upon pleasing a majority of the pressure groups.

Before you judge him too harshly for that performance, let us speculate on his thinking. Certainly he can persuade himself that the Republicans would do the same thing if they were In power. Already he has characterized our talk of economy as “just conversation.” To date we have been proving him right. Neither the President nor the Republican Congress is under real compulsion to cut Federal spending. And so neither one does so, and the people are largely helpless.

But it was not always this way.

Before 1933 the people themselves had an effective way to demand economy. Before 1933, whenever the people became disturbed over Federal spending, they could go to the banks, redeem their paper currency in gold, and wait for common sense to return to Washington.

Raids on Treasury

That happened on various occasions and conditions sometimes became strained, but nothing occurred like the ultimate consequences of paper money inflation. Today Congress is constantly besieged by minority groups seeking benefits from the public treasury. Often these groups. control enough votes in many Congressional districts to change the outcome of elections. And so Congressmen find it difficult to persuade themselves not to give in to pressure groups. With no bad immediate consequence it becomes expedient to accede to a spending demand. The Treasury is seemingly inexhaustible. Besides the unorganized taxpayers back home may not notice this particular expenditure – and so it goes.

Let’s take a quick look at just the payroll pressure elements. On June 30, 1932, there were 2,196,151 people receiving regular monthly checks from the Federal Treasury. On June 30, 1947, this number had risen to the fantastic total of 14,416,393 persons. This 14½ million figure does not include about 2 million receiving either unemployment benefits of soil conservation checks. However, It includes about 2 million GI’s getting schooling or on-the-job-training. Excluding them, the total is about l2½ million or 500% more than in 1932. If each beneficiary accounted for four votes (and only half exhibited this payroll allegiance response) this group would account for 25 million votes, almost by itself enough votes to win any national election.

Besides these direct payroll voters, there are a large number of State, county and local employees whose compensation in part comes from Federal subsidies and grants-in-aid.

Then there are many other kinds of pressure groups. There are businesses that are being enriched by national defense spending and foreign handouts. These firms, because of the money they can spend on propaganda, may be the most dangerous of all.

If the Marshall Plan meant $100 million worth of profitable business for your firm, wouldn’t you Invest a few thousands or so to successfully propagandize for the Marshall Plan? And if you were a foreign government, getting billions, perhaps you could persuade your prospective suppliers here to lend a hand in putting that deal through Congress.

The Taxpayer the Forgotten Man

Far away from Congress is the real forgotten man, the taxpayer who foots the bill. He is in a different spot from the tax-eater or the business that makes millions from spending schemes. He cannot afford to spend his time trying to oppose Federal expenditures. He has to earn his own living and carry the burden of taxes as well.

But for most beneficiaries a Federal paycheck soon becomes vital in his life. He usually will spend his full energies if necessary to hang onto this income. The taxpayer is completely outmatched in such an unequal contest. Always heretofore he possessed an equalizer. If government finances weren’t run according to his idea of soundness he had an individual right to protect himself by obtaining gold.

With a restoration of the gold standard, Congress would have to again resist handouts. That would work this way. If Congress seemed receptive to reckless spending schemes, depositors’ demands over the country for gold would soon become serious. That alarm in turn would quickly be reflected in the halls of Congress. The legislators would learn from the banks back home and from the Treasury officials that confidence in the Treasury was endangered.

Congress would be forced to confront spending demands with firmness. The gold standard acted as a silent watchdog to prevent unlimited public spending. I have only briefly outlined the inability of Congress to resist spending pressures during periods of prosperity. What Congress would do when a depression comes is a question I leave to your imagination.

I have not time to portray the end of the road of all paper money experiments.

It is worse than just the high prices that you have heard about. Monetary chaos was followed in Germany by a Hitler; in Russia by all-out Bolshevism; and in other nations by more or less tyranny. It can take a nation to communism without external influences. Suppose the frugal savings of the humble people of America continue to deteriorate in the next 10 years as they have in the past 10 years? Some day the people will almost certainly flock to “a man on horseback” who says he will stop inflation by price-fixing, wage-fixing, and rationing. When currency loses its exchange value the processes of production and distribution are demoralized.

For example, we still have rent-fixing and rental housing remains a desperate situation.

For a long time shrewd people have been quietly hoarding tangibles in one way or another. Eventually, this individual movement into tangibles will become a general stampede unless corrective action comes soon.

Is Time Propitious?

Most opponents of free coinage of gold admit that that restoration is essential, but claim the time is not propitious. Some argue that there would be a scramble for gold and our enormous gold reserves would soon be exhausted.

Actually this argument simply points up the case. If there is so little confidence in our currency that restoration of gold coin would cause our gold stocks to disappear, then we must act promptly.

The danger was recently highlighted by Mr. Allan Sproul, President of the Federal Reserve Bank of New York, who said:

“Without our support (the Federal Reserve System), under present conditions, almost any sale of government bonds, undertaken for whatever purpose, laudable or otherwise, would be likely to find an almost bottomless market on the first day support was withdrawn.”

Our finances will never be brought into order until Congress is compelled to do so. Making our money redeemable in gold will create this compulsion. The paper money disease has been a pleasant habit thus far and will not he dropped voluntarily any more than a dope user will without a struggle give up narcotics. But in each case the end of the road is not a desirable prospect.

I can find no evidence to support a hope that our fiat paper money venture will fare better ultimately than such experiments in other lands. Because of our economic strength the paper money disease here may take many years to run its course.

But we can be approaching the critical stage. When that day arrives, our political rulers will probably find that foreign war and ruthless regimentation is the cunning alternative to domestic strife. That was the way out for the paper-money economy of Hitler and others. In these remarks I have only touched the high points of this problem. I hope that I have given you enough information to challenge you to make a serious study of it.

I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Als o those elements here and abroad who are getting rich from the continued American inflation will oppose a return to sound money. You must be prepared to meet their opposition intelligently and vigorously. They have had 15 years of unbroken victory.

But, unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money.

There is no more important challenge facing us than this issue – the restoration of your freedom to secure gold in exchange for the fruits of your labors.

Howard Buffett was an Old Right libertarian congressman and businessman from Omaha, Nebraska. One of his aides was Murray Rothbard. His son is the oligarch Warren Buffett

Copyright © 1948 The Commercial and Financial Chronicle


Time to Get Rich

May 19, 2011

by Gary North

(Editor’s Note: TIME is the only aspect of humanity in which there will ever be equality. Each of us gets 24-hour days, 365-day years. You can waste time and waste money. If you waste money, you can always get more. But you cannot get more time.)

“If I had just known at age 18 what I know today!” That lament is among the most universal among people aged 50 or older. Is there any society in which itr cannot be heard?

I was reminded of this when I watched a video of half a dozen of coach John Wooden’s most talented basketball players. It was produced in 2010, just after his death at age 99. He had retired 35 years earlier, yet he was still remembered and admired.

The story was basically the same for each of those now middle aged – or older – men. Wooden had been a great teacher, not just a coach. They all said how much sense his principles of living had meant to them two or more decades later. But all of them said that they had not paid much attention at the time. I had heard the same thing before he died from other former players.

Here was a legendary coach who taught some of the finest athletes in America. He was a very smart man, and more to the point, a very wise man. His chart of the pyramid of success has been seen by millions of people. Yet he was unable to get the basics of his outlook across to young men who had come from all over the nation to play for him. (Oddly, the group in the video had all come from southern California.) You can see it here.

What does this tell us? That youth is wasted on the young – a lament of oldsters throughout history and across many borders.

It is not a matter of brains. It is a matter of character. From time to time, we do hear of young men who seem to understand as teenagers how little time men have, and how large the payoff is for hard work, high thrift, and dedication to the mastery of some field. These are the super-performers discussed in books like Malcolm Gladwell’s Outliers. They invest their crucial 10,000 hours before they reach age 21.

But it is not just character. It is something else. It is their understanding of time. They recognize that effort and assets invested early in life have a compounding effect. This makes an enormous difference at age 40 or 50, if a person finds the right niche in which to invest his time.

To do this, a young person needs future-orientation. This is exceedingly rare among the young. As Ben Franklin put it in 1750, “A child thinks that twenty pounds and twenty years can never be spent.” A few musical artists figure it out early, or at least consent to their parents’ demands while they are still forming their habits in life. But few understand it with respect to money.

GET RICH SLOWLY

You have heard the phrase, “Get rich slowly.” That is good advice. It applies to societies as well as individuals.

Why should getting rich take so long? Because it takes a long time to accumulate capital: the tools of production.

Economists have understood this for over a century. But, sadly, most people are into middle age before they figure out that it takes time to accumulate sufficient capital to provide for a comfortable retirement. When we are young, we rarely understand how much we must save, and how long we must save, to accumulate capital.

In Chapter XVIII of his magnum opus, Human Action (1949), Ludwig von Mises presented the case for the importance of time perspective as a source of thrift, capital formation, and wealth. He called this outlook “time-preference.” Some people are present-oriented. They want satisfaction now. They will not lend money at low rates of interest. They borrow at high rates. Others are future-oriented. They save at low rates of interest. They refuse to pay high rates of interest when borrowing.

He made a profound observation on why we are rich compared to earlier generations.

Our activities are designed for a longer period of provision because we are the lucky heirs of a past which has lengthened, step by step, the period of provision and has bequeathed to us the means to expand the waiting period.

Mises recognized that modern man is the heir of generations of capital formation and thrift.

We are in a position to rely upon a continuing influx of consumers’ goods and have at our disposal not only stocks of goods ready for consumption but also stocks of producers’ goods out of which our continuous efforts again and again make new consumers’ goods mature.

Today, we possess far more capital goods than society did in 1949. Around the world, the message is taking root. The free market social order provides incentive for people to innovate. Innovation requires capital. This requires thrift. Thrift is the result of future-orientation.

A generation ago, Harvard University’s political scientist, Edward Banfield, suggested that time perspective, not wealth, is the correct basis of class. Lower class people are present-oriented. Upper-class people are future-oriented. He wrote this in the late 1960s, at the height of the counter culture. Chapter 3 of his book, The Unheavenly City, made this explicit. Radical students complained so much that he left in 1972 for four years, In 1976, he returned to Harvard from the University of Pennsylvania. He told Robert Nisbet that the students at Penn were just as hostile as the students at Harvard. Nisbet passed this tidbit along to me years later.

TIME PREFERENCE AND SUCCESS

Professor Philip Zimbardo has studied the long-term effects of time perspective in children. Beginning with studies begun over two decades ago by a colleague, Zimbardo has tracked the lives of an early group of children. He has concluded that a child’s future-orientation – the psychological ability to defer gratification – is a major indicator of future success in a child’s life. He has produced two videos on this.

The person who is willing to defer present consumption for the sake of future income is in a strong position in society. He has the internal make-up necessary for building capital in the broadest sense.

A person who is ready to consume all of his income now, and even borrow to consume more, is not going to accumulate capital. He will not have the tools, including education and skills, to maximize his contribution to a paying society.

By neglecting the investment required to increase a person’s productivity, the present-oriented person finds that he has gotten what he wanted: high consumption at the expense of future income. In contrast, the future-oriented person gets what he always preferred: lower consumption for the sake of future income.

The great benefit of the free market is that it allows people to buy what they want if they are willing to pay the price. The present-oriented person says” Buy now, pay later.” The future-oriented person thinks, “Save now, buy later.”

In school, we are taught many skills. But what is rarely taught is goal-setting and time management. Perhaps this would be wasted. But if I were to design a curriculum – and I am doing this – I would emphasize goal-setting and time management as soon as a child is capable of adopting a self-taught curriculum. This is probably around age 8. The only one I know like this is Dr. Arthur Robinson’s, which at $200, grades K-12, is a bargain.

By the time a student is a teenager, he or she should understand the basics of lifetime success. Coach Wooden looked for quickness above all other categories. That one is too limiting. Here are the ones I would look for, in this order.

PREDICTABLE PERFORMANCE

“A man’s word is his bond.” That is an ancient principle. It should be basic to any person old enough to make a binding promise.

In a free society, the division of labor is crucial. People must learn to delegate. They cannot do everything by themselves. But decentralization is risky. The person who promises to perform a service may not deliver.

I have said that there are three principles of success.

1. Do what you say you will do.
2. Do it at the price agreed on.
3. Do it on time.

These may sound trivial. They are difficult to achieve for the vast majority of people. Perhaps I should add a fourth.

4. Do it without being reminded or monitored.

At this point, the character set is difficult to find, especially in employees under age 30.

Any teenager who is governed by habit to meet the three requirements of performance has an enormous advantage over his peers. It will be difficult for them to compete with him.

FIRE IN THE BELLY

There are good employees who meet the criteria of predictable performance. But they will remain employees if they do not have fire in the belly.

Some people call this character trait an obsession. It probably is. Others call it ambition. It often is. Still others call it visionary. It always is.

The person with no fire in his belly is unlikely to take the risks that mastery require. Mastery is a high-risk endeavor. It is more than routine maintenance. It is a matter of putting your reputation on the line in something like full public view.

Rockefeller and Carnegie had fire in the belly. They helped to create a new, far richer world. Both of them switched to charitable giving when they got old. Their money bankrolled some of the most insidious projects of the so-called New World Order. They were better at piling up wealth than giving it away. They had no skills at giving it away. They would have done more good for mankind in their lifetimes if they had stuck to their knitting. But super-rich men cannot escape their responsibility for managing great wealth in this way. Their piled-up capital will be inherited. By whom?

Consider Howard Hughes. Leonardo DiCaprio got it right in The Aviator. Hughes was unbalanced from the beginning. He was brilliant. He was creative. He was also rich at a young age, because of his father’s invention of a unique oil-drilling bit. He more than outperformed his father. Yet he was unbalanced to the degree that he became unhinged. He had too much of a good thing. But no one ever called him poor.

Bill Gates had fire in the belly at a young age. He made a lot of money. Then he married an eminently sensible woman. She was able to give him a new vision of service other than designing and marketing digits.

I think a person must have this fire in the belly: his calling. I define calling as the most important thing you can do in which you would be most difficult to replace. This may be a person’s occupation, but only rarely. It was an aspect of John Wooden’s job, but it reached far deeper than his job. After he retired, his calling remained. His influence grew greater over the years as a result of the foundation of his life, which was also the foundation of his occupational success.

After Wooden’s death, Kareem Abdul-Jabbar commented on this aspect of Wooden’s coaching. When Kareem/Alcindor went to UCLA in the fall of 1965, Wooden’s office was a Quonset hut. This was after two NCAA championship seasons.

Fire in the belly keeps a person from getting sidetracked. He may go over a cliff. Surely Hughes did. But it keeps him moving forward.

Ludwig von Mises had this characteristic. Nothing could stop him. He was still teaching and writing at age 85. So was his disciple, F. A. Hayek. Hayek’s book, The Fatal Conceit, is a masterpiece. It can easily serve as the tombstone of the idea of socialism. Hayek finished it at age 86. I visited him in the Austrian Alps in 1985. He handed me a chapter, which I had photocopied by the hotel. He could not be stopped.

ATTENTION TO DETAIL

Hughes had this, obviously. Had he not had it, he would have died in a plane crash. Others have it. They present their work to the public without loose ends. They may revise later on – hooray for eBooks – but they bring a ready-for-prime-time product to the public the first time.

The devil is in the details. So are the failures. This is where a producer pays attention to the customer. He makes sure that the product works as promised, at a price promised, delivered on time. Again, if it is released as a beta-version, fine. The customer knows. But it is best to release it free of charge.

This is a matter of going the extra mile.

CONCLUSION

Success comes at a price. The earlier someone begins paying it, the more success he should expect. The compounding process is a power for personal and economic change.

This outlook requires faith in the future. But it requires more than faith. It has to be accompanied by future orientation. A person needs to discount the future by a low interest rate in order to maintain a high present value of his forfeited income.

The time to get rich is in your teens. The longer you wait to begin the process, the higher the rate of return that you must achieve.

I wish I had more teenage readers. But, then again, Coach Wooden had his share. It took time for what he told them to register.

Gary North is the author of Mises on Money. Visit www.garynorth.com

Copyright © 2011 Gary North


The Inexpressibly, Unthinkably Obvious

May 18, 2011

Somber Thoughts on Race and Ethnicity

by Fred Reed

(Editor’s Note: Jared Taylor is a Yale-educated author and Editor of American Renaissance. I wrote Is It OK To Be A Racist?” back in February. Goes along with this article quite well.)

I have just read Jared Taylor’s new book, White Consciousness. The title might lead one to expect racial ranting, but there is none. It is a good read. Jared deals thoughtfully with America’s changing racial and ethnic make-up and the probable consequences. He is usually painted as a hate-monger who regards his bed sheets as evening wear, wants (as Lincoln did) to send blacks back to Africa, shoot Hispanics, and blame Jews for sun spots and loose fillings. Alas, he fails to perform. The book is no more extreme than Pat Buchanan, well documented, and utterly incorrect politically. His crime is asking questions one mustn’t because the answers come up wrong.

For example, he doubts the existence, and the desirability, of racial integration, as very distinct from desegregation. It hasn’t worked, he says.

Isn’t this obvious? I ask my readers, most of whom are white, how many close black friends do you have? When did you last have them over for dinner? We talk mixing. We don’t do it.

I lived a couple of decades in Washington, DC, a city mostly black, and had many white liberal friends. They believed they believed in multiculturalism, but they—we—lived in an overwhelmingly white world: white restaurants, friends, bars, clubs, dances. I can’t remember even once being in an establishment in which the majority, or anything close to it, were black. Whites associate with whites, blacks with blacks. That’s how it is.

Jared points out that most of what we think we are supposed to think about race and ethnicity isn’t true. He notes the mandatory refrain, “Diversity is our strength,” and asks, exactly how is it our strength? I have myself wondered. Name five ways diversity has made the country stronger (without mentioning ethnic restaurants or music).

Um…ah…well…ah…urg.

The book is a curious one in that most of it is obvious though one mustn’t say it. Does not diversity just cause trouble, almost everywhere? As much as one might want it to lead to comity, it doesn’t. Consider: Shiites and Sunnis, Irish Protestants and Catholics, Hutus and Tutsis; blacks, whites and Hispanics in the US; Turks and Kurds; Tamils and Sinhalese in Sri Lanka, Turks and Armenians; Indians and Ugandans; Turks and Germans; Moslems and the French; Moslems and Dutch; Jews in many places; Christians and Moslems in Sudan; Chinese and Indonesians, and so on for pages. None of these groups is evil, but none mix well. Usually they kill each other.

A staple of political correctness is that groups eventually merge into happy indistinguishable citizens. Occasionally, yes, if the groups are similar and want to assimilate: The Irish and Italians in the US did. Jared points out that, whatever one might wish, it usually doesn’t happen. Sunnis and Shiites have been around since the seventh century. They celebrate diversity by exchanging car bombs. In the US, neither blacks nor Amerindians have assimilated to the dominant European culture, nor have the cultures blended.

Jared notes that the US now has fifty million Hispanics, or sixteen percent of the population, expected to rise soon to twice that, as well as thirteen percent of blacks. Now, since I live in Mexico, have a Mexican wife, and speak Spanish at home, it will be difficult to nail me with racial hatred of Hispanics. Nor do I hate blacks. But…is this going to work? Or are we going to end up with three mutually hostile countries in one land? The possibility is real. Several states, including California, have Hispanic majorities, which means that shortly they will have Hispanic governments. If the majority vote as a bloc—bingo.

Aggravating the problem is that the people who most believe that we will eventually be one big happy family are those with the least experience. They have never been in the huge, hopeless, festering slums of Detroit, Chicago, Newark, Washington, on and on and on. These are awful, culturally isolated, and not getting better. If there is an answer, no one has found it.

Americans hardly notice the cost of diversity, as they have never known anything else. Jared was born in Japan to missionary parents, went to Japanese schools, and speaks Japanese. He makes the point that in Japan there is virtually no diversity, and therefore no civil-rights acts, no forced busing, no governmental agencies counting how many of whom one hires, no voting-rights laws, no affirmative action and resulting anger. An employer simply hires the best qualified candidate. And the Japanese do not burn their cities in racial rioting.

We are what we are, a mixed nation, but need we make things worse? Unrestricted immigration may let us feel good about ourselves, but does it really have a happy ending? One maywell wonder what will follow when half of the country is either black or Hispanic.

Further, when some groups are economically and academically way below the dominant culture, hostility and separatism become almost assured. As Jared points out, blacks and Hispanics are on average scholastic disasters. In the schools the gap in achievement is large between white and black, and has proven resistant to everything: Head Start, forced busing, integrated class rooms, segregated class rooms, affirmative action, schools run entirely by blacks, or entirely by whites, and so on. Hispanics in the US are not doing a whole lot better. If the shortfall doesn’t change, it won’t matter whether it is genetic or cultural in origin.

The implications, discussion of which is verboten, are not trivial. The US depends on and rewards deployable intelligence, particularly on IQs bordering on the scary, as in 180 and up. The clearest examples are in Silicon Valley, many of them from the physics department at Stanford or Harvard. These men—almost all are men—have given the US its dominance in technology. They are not just bright, like the valedictorian in your high school. They are off-scale, almost another species.

If you follow the computer/internet racket, you know that they are overwhelmingly white, Jewish (a subset of white, granted), Chinese, Asian Indian, Korean. The black and Hispanic proportion is close to zero if not actually zero. This isn’t because of racial discrimination. Santa Clara runs on raw brains, and doesn’t care what package they come in. Google would hire a giant clam if it could program well enough.

Sez me, this is not going to lead to cheery Kum Bah Yah harmony. As the country becomes a two-tier society—it already is, but as the second tier grows rapidly in size and political potency—how is this going to work?

Jared will disappoint many by not making exterminationist recommendations. But if you want a clear exposition of what is happening, he’s worth a read.

© 2011 Fred Reed
www.FredOnEverything.net