About 4 years ago I posted about an incident at the Swiss Italian border involving two Asian men "smuggling" bonds from Italy to Switzerland. Nothing was mentioned in the American press and that astounded me. At the time it was claimed that they were counterfeit, a claim I could not accept, because what could the bonds be copied from?

Now I have found that we also heard nothing about the suit to recover the bonds. There is a suit by the agent for the "Dragon" cartel that owned them. Here is the link to the 114 page pdf document of the OFFICIAL LAWSUIT! I suppose a trillion dollar lawsuit isn't worth mentioning in the news anymore.

[link to divinecosmos.com] 

From PAGE 5 OF 114

"This is a civil claim arising out of the concerted, knowing, malicious scheme and 
international conspiracy engaged in by the Defendants for the designed purpose of defrauding 
plaintiff KEENAN, the designated Agent of his Principal, the "Dragon Family," for the express 
purpose of expropriating, stealing and converting certain negotiable financial instruments 
lawfully owned by the Dragon Family and entrusted to KEENAN in early 2009. These assets 
(hereinafter referred to as the "Dragon Family Financial Instruments" or the "DFFI") had been 
intended for participation in select, registered and authorized Private Placement Investment 
Programs (or "PPPs " ) for the benefit of a wide range of global humanitarian purposes. At the 
time of the criminal and deceitful acts of the Defendants, the approximate face value of the 
stolen DFFI was One Hundred Forty-Five and One Half Billion ($145,500,000,000.00) United 
States Dollars with an approximate accrued interest value of One Trillion 
($1,000,000,000,000.00) United States Dollars"

I will post more after I have a chance to do a little follow up research. Oh, well, I didn't want to sleep anyway

Why did Lincoln make United States Notes instead of inflating the Silver or Gold Certificates?
And why is the only currency in circulation today a note written by the Federal Reserve Bank and not the US?
And what do they have in common?
As I have written before, The Coinage Act of 1792 is the enactment of the laws that support the United States Constitution. It has been amended and added to, but it is still the controlling legal law for our currency and coin.  The Founding Fathers were skeptical of currency. Paper money always comes to a bad end, and the had been bitten by it several times, like a merchant being stuck with a bad check today. Except that the check was drawn on a national bank or even a nation itself.
The dollar is defined in the Act  as 371 ⁴/₁₆ grain (24.1 g) pure or 416 grain (27.0 g) standard silver. The piece of paper was never legally a dollar. The dollar is a standard weight and purity of silver.

 § 19 of the Act authorizes the death penalty for government officials who debase the currency. And the law still stands today.

So rather than debasing the currency, Lincoln issued a side currency. Since this currency did not debase the silver and gold Constitutional currencies but instead was like a non-interest bearing bond, it got a pass.

The same appears true with the Federal Reserve Note,  but is it? The US Notes were redeemed in silver, gold, or other currency; so the debt was settled. The amount authorized was never increased from the original amount and so was not debased. 
Now think of cutting a pie and then re-cutting it to double the number of slices. You do not have more pie. In fact each piece is worth half the pie it used to be.
The Federal Reserve Notes have increased and increased and increased upon the issuance of debt by the Congress of the United States. There is not corresponding increase in the backing, there is no backing at all. In fact, the debt is required to be settled in silver and gold by the US Constitution Silver and gold that has not increased in amount in many decades and even decreased. So the remaining national inventory of precious metals being constant, the value of our currency has dissipated . 
Since that dollar is representative of our debt but not our assets, it is steadily being debased so that now it is but pennies on the dollar of as recently as 1964. Debasement may be slow to the eye like Kudzu growing, but like Kudzu, it is strangling everything is grows over.

It is my fervent hope that when section 19 is finally enforced , they bring back the Guillotine.

Supply Side Economics

 

The Laffer curve is very simple really, and despite what the idiots on the TV networks say, is very real. It affects our own decision making in a very real way. The theorum is simply put "the is a point ot tax rate beyond which revenue falls off as taxpayers become discouraged and withdraw from whatever activity they were persuing to create their income. The press may not believe it, but no less a personage than the President of the United States, Barack Obama, does. He stated as much in his first campaign in 2008.
This burden is a sum of all their burdens, not just the Federal Income tax. The burden includes (but is not limited to) all Federal, State, and local taxes and fees; the cost of tax compliance and reporting; and the burden of regulators, inspections, and compliance with an ever-changing morass of enigmatic rules. We the people are buckling one-by-one under this burden. Some of us are retiring on pension, some of us retiring early to take pension later, people take partial Social Security at 62 instead of the full amount at 66, many are going on marginally deserved disability, many have moved into the underground economy, many are persuing a life of crime, our children live at home and do not persue employment, and many people are just walking away from employment altogether.

Those in charge either don't recognize what they see or see this as a desirable end.

 

 

When I hear tha North Korea has both an Inter-Continental Ballistic Missile and a fission nuclear weapon, I think of the back cover of the November 1968 issue of Mad Magazine (above).
Kim Jong-Un only needs one well placed missile to set off all the rest of the bombs in the world.

There is a series of You Tube videos I would like to recommend,

The Siver Bullet and the Silver Shield.

There are 48 in all, and I think you will want to watch every one. The author, Truth Never Told, is insightful and will leave you wanting more. Enjoy.

Regarding the Facecrack IPO.

 

It makes me sick to have to defend them, But: EVERY IPO starts like this. There is a pent up demand that is released suddenly amid much hype.. Even long term survivors are upside-down at this point. But the point of most IPOs is to raise capital for a physical infrastructure. The purpose of this one was to harvest the founder's rewards. Not a good reason for an IPO. If people would buy stocks with a track record of dividends rather than try to surf the bleeding edge. If they would only treat stocks as an on-going profit machine rather than a dice roll, we would all be better off.

Eduardo Severin is off to Galt's Gulch

From time-to-time. people tell me that Atlas Shrugged is "ridiculous" that people would not act that way. Of course that presumption that people would not act in their rational self interest is the scoffing belief of the looters in the book also. But observe Eduardo Saverin. He engineered the idea of his friend and partner Mark Zuckerberg that is Facebook. whether you like Facebook or not, it is an economic engine that helps power the world and its economy.

It can happen here.

From a reader comment section of an article on the release of the book"the Amateur".

He is positively correct, and the reason I actually
refer to myself as a Liberal, when everyone else calls me
"conservative". I am not what everyone calls Liberal today. That is
NOT Liberal, that is statist and "Progressive". Progressing to the
same old "man was born to be a slave" mentality of the last several
thousand years. Nicely said.
******************************************************
SPARKS FROM WYATT’S TORCH

Conservatives and libertarians should stop calling Democrats
"liberals" ---- because they are helping the Democrats with this label
--- not hurting them.

While many Democrats and other leftists agitate in favor of socialism
or communism [distinctions without a difference], the majority of them
prefer the Nazi / fascist economic model --- which works out in
practical terms to the "crony capitalist progressivism" now practiced
by Barak Hushpuppy OhBummer, the OhBummer Wrecking Crew, the Democrat
party at-large, and the “establishment” / "RINO"
[Republican-In-Name-Only] Republicans.

{Luxomni's note: Here is my only objection to the piece. I do not believe name-calling is a  tool of reasonable people}

Keep in mind here that Hitler and Mussolini launched their political
careers as Marxist communists and later they adopted political
disguise for their agenda of moral cannibalism and “eating the rich.”

Does this sound familiar, given who now controls the White House and
the US Senate?

Note that progressivism, socialism, Nazism [“national socialism”],
fascism and communism are all joined-at-the-hip in their common
contempt, enmity, and disdain for human rights. More on this, later.

Now, the Democrat [and other leftist] technique for character
assassination is what it has always been --- a barrage of outright
lies, half-truths, misrepresentations, innuendos, misinformation,
disinformation, and poisonous propaganda --- all of that directed at
anyone who obstructs their access to our wallets and our other
property --- and especially any public figure who rises to fight them
with any prospect of beating them and liberating the American people
from the Democrats' kleptocracy.

In the past thirty years or so, from Ronald Reagan going forward, the
technique has been to try and destroy anyone before they rose within
striking distance of the Supreme Court, the Congress, or the White
House.

These Democrat propagandists could and can count on the corrupt,
complicit, and compliant sycophants in the Democrat-captured media to
help keep their propaganda afloat and their dictatorship fastened on
the backs of the American people.

Listen up, if you are a privately-employed, non-government taxpayer---
and thus a member of America’s # 1 class of victims.

We are ruled by armed force and by fraud by lying, thieving, arrogant,
bloodsucking, greedy-for-the-unearned, tax-eating government hoodlums,
gangsters, and thugs, by spies, spooks, and snoops, and by their
sticky-fingered constituents and assorted limpets, lampreys,
barnacles, parasites, and other hangers-on.

And they are our “protectors!” Just ask them and this predatory
humanitarian Mafia will tell you so.

Who protects us from our protectors? The outspoken American citizen
under the First Amendment --- and the armed citizen under the Second
Amendment to the US Constitution.

Little wonder, then, that the Democrats seek to destroy the First
Amendment --- in order to silence their critics by prohibiting “hate
speech” --- and that they seek to misinterpret and destroy the Second
Amendment in order to disarm their intended victims --- those whom
they intend to silence and to plunder. Freedom of speech works best
when millions of guns in private hands are aimed at our rulers.

---------------------------------------------------------

Now, are you ready for this?

What this country needs is a truly LIBERAL president and congress and
judiciary! And I forgive the reader for suspecting that this must be
some kind of bad joke!

But the Democrats believe in "statism" --- not "liberalism."

Strip them naked of their “liberal” camouflage and behold their ugliness.

They benefit from the imprecise American political terminology ---- we
say "the government" here in the USA ---- rather than "the state." And
that's a dangerous problem.

Famous brands of statism in recent centuries have been Nazism,
socialism, fascism, communism, progressivism, and welfare statism ----
these last two are mixtures of fascism and socialism.

Liberalism, on the other hand, is a political philosophy of small,
cheap government ---- it is a constabulary ---- and the job of a
liberal government is to enforce human rights within its own
jurisdiction.

What "human rights?"

I speak of the unalienable and perfectly-natural and universally-valid
human rights of life, liberty, private property, and the pursuit of
personal happiness.

A slave is owned by someone other than himself --- but a free man owns himself.

The first article of private property is "the self" --- and all other
rights are derivatives of and flow from these cardinal rights.

These rights ---- The Rights of Man ---- are the gift of nature or of
nature's god ---- and they belong to all human beings, everywhere.

Show me a Democrat who subscribes to all of the above, without
qualifications or weasel words.

The words "liberal" and "liberalism" were hijacked by the Democrats,
socialists, progressives, and fascists, long ago ---- and it was the
mistake of conservatives and libertarians to let them get away with
it.

It is long past time that liberalism be reclaimed, defined, and
explained by its rightful owners ---- by the champions of freedom,
i.e.: not by Democrats.

Friends of freedom! Friends of peace-through-strength! And friends of
prosperity!

Declare yourselves to be "liberals," then ---- and kick over the
bloody coffee tables --- and overthrow and trounce the Democrats in
2012! Destroy them!

It has been a while since I wrote anything. Perhaps you can blame on Facebook, perhaps you can blame on my spending more time with my dogs. But in any event, I have neglected my wirting and I humbly apologize. I will try to do better. And I will do my best not to be so arrogant as my old college classmates who are so certain that they are the only ones who can be right, while the whole time they defend their positions with pomposity and ad hominum attacks of the viscious kind. I will never change them, I shouldn't try. I truly believe I can maintain my agnostic position of searching for truth without tearing down those whose beliefs are based on Credo, whether they are Christians or Atheists. I leave out Jews  as they are generally more tolerant of others as are the Buddhists and Hindi. And I leave out the Muslims until they can demonstrate the ability to play well with others In the meantime "I will call them as I see them", not worrying so much if I say things that others don't believe as long as I say things I believe.
And to my Facebook and Shimer friends I actually don't watch Fox News but maybe I should. Apparently they see things more openly and evenly than you do.

Credo.

MRI of the Female Orgasm

Well said:

Mike McKee on Occupy Wall Street's "problems"
The political left owns these morons. They're merely a more visible manifestation of what most liberals think. This circus ought to invalidate liberalism for good (or at least until the next generation comes along that unfortunately has to learn this lesson all over again).

Contrast the crime, disease, and overall idiocy of OWS with the Tea Party demonstrations and anyone with a functioning brain cell can immediately see the stark difference. When 1.5 million Tea Partiers descended on D.C. in 2009 not only was there no crime or arrests (a ridiculous notion if you were actually there to witness it, and I was) but they didn't even leave so much as a discarded gum wrapper in their wake. After the rally, Tea Party protesters also neatly stacked their signs around trash cans. I walked the entire section of the mall where the ra lly took place during, after, and the next day and once everyone left it looked like no one had even been there. The very same result occurred a year later when 500,000 - 600,000 attended Glenn Beck's Restoring Honor rally.

Why the vastly different results? Simple: Leftists/liberals/progressives think the world owes them something and that everyone else should provide it. They also want to be able to engage in whatever depraved behavior they desire free from criticism. This is one reason they are so eager to wield the force of government to bend everyone else to their will, and if that is not possible then they use it to shut up their critics.

Conservative America, on the other hand, is composed of people who represent what has traditionally been good about this country. They are hard-working people who have common sense (ergo, why you don't see them sleeping in herds in the park) who understand certain immutable principles that are necessary for a happy life and a functioning, civilized society.

Eat the rich? If it weren't for conservatives the loony leftists wouldn't have the time to utter such silly statements. They'd be too busy eating each other in a vain attempt to survive.

The Coinage Act of 1792

The Coinage Act of 1792 is the enactment of the laws that support the United States Constitution. It has been amended and added to, but it is still the controlling legal law for our currency and coin. It was even the basis of a great part of the prosecution of von Nothaus. (aside: after reading the text of the jury verdict of von Nothaus's trail in Statesville, NC, I am no longer so certain that the Gov't was being tyrannical. Not sure they were right, but not certain) But that is not why I am writing this. I have discovered that § 19 of the Act authorizes the death penalty for government officials who debase the currency. Wouldn't that be a sensation! Just one trial of a Secretary of the Treasury. We would need to win, of course. But even if he were given clemency instead of actually killed, it would still put the fear of the Lord in the next Secretary.

Wikileaks observation:

How can I take this guy (Julian Assange) seriously when he looks so much like David Spade?

Reply to Adrian Vance

A response to Adrian Vance's blog.

You are more generous to the state than I. My inflation estimate was ten times from 1964 to 2000 alone.
A Coca-cola was a nickel at work and a dime at the gas station in 1964. Fifty cents and a dollar in 2000.
A loaf of bread 18¢ to $1.80. A gallon of milk 32¢ to $3.20. In 1965 had a lucky Summer job, a union job that paid more than my minimum wage cohort. Grown men were buying homes and raising families on it ... $2.25 an hour. The equivalent paid $22.50 in 2000. That top of the line Ford Mustang I bought for $3200 in 1969? My son bought the equivalent for $32,000. There are others, but it general I find a ten-fold increase from 1964 to the year 2000.

There were, of course, exceptions: medicine, taxes, and gasoline.
1) Medicine was much cheaper in 1965 when I spent a week in the hospital, but it consisted of penicillin, aspirin, measuring temperature and blood pressure, and sleeping pills. Had I had my throat cancer then rather than in 2005, I would have had no radiotherapy, no micro surgery, no chemotherapy. In other words, I would be long dead.

2) My taxes went to 40 times the amount I paid back then but allowing for 10x inflation (in amount, not the damage done by inflation) that is only 4 times. Four times? That's still a lot.

3) And finally gasoline: Remember two Summers ago? When gas was 4 dollars plus a gallon? When everyone was told to blame those evil oil companies? I thought it was cheap. In 1964 one dollar would buy four 25¢ gallons of gasoline. In 2008 one dollar would buy four gallons of gasoline - one SILVER dollar. It wasn't the gasoline that changed. It wasn't the silver dollar that changed. It was that paper thing, the FRN, the only bill of all the different kinds ever printed¹ in this country that actually purports itself to be the dollar and not redeemable with a dollar. That was the one that changed. But we were told to damn the oil companies, not the government and dutifully we did. But for the longest time, our gasoline has been incredibly cheap compared to 1964. It is just the numbers that look bigger.

You appear old enough in your avatar to have been around in the Spring of 1964. I was awaiting graduation and had college, girls and other things on my mind and did not notice the world around me. The media was concerned with the grassy knoll and ignored all else. The most important thing in my lifetime occurred. It was one of Lyndon Baines Johnsons' very first official acts, something he had been wanting to do since 1932 when he was a Representative from Texas and a protégé of Senator Sam Rayburn, and instrumental in removing private ownership of gold - He demonetized silver. Then can blame the Nixon shock, stiffing de Gaulle's run on our under-priced gold, thus breaking Bretton Woods, but the truth is the tie to silver is more responsible for our inflation that lack of gold is. The tie to silver was the tie to limited dollar printing.

Thank you for you patience, and I have enjoyed what I have read and will go read some more.

¹ http://luxomni.blogspot.com/2008/08/as-constant-as-dollar.html

We resemble that remark

The continued health of a democratic state requires the interplay of three factors: [1] the covert processes of realpolitik wherein the electorate is consigned the role of rubber-stamping either of two fungible candidates offered up by the owners of the system; [2] reinforcement of the fantasy that voters have some real-world influence over the selection of their political rulers; and [3] the illusion that the winning candidate is the one who is really running the government.

- Butler Shaffer

Bridgeport, Connecticut Found a Bag of Uncounted Ballots!

In an election related development, it is reported that election officials have found a bag of "uncounted ballots" under a bridge in Bridgeport, Connecticut.
Previously there was a problem with insufficient preprinted ballots, so the State of Connecticut officials had to Xerox sufficient ballots for the number of people voting. Now a bag has been found that was previously uncounted that changed the State Governor's race from Republican to Democrat. This raises several interesting questions:

1) Why is it that these "mistakes" always seem to favor the Democrat candidate?

2) Were just enough found to get the job done?

3a) Did they even bother to make some Republican fraudulent ballots to look like an honest mistake?
3b) Or did the not even have to worry about that kind of scrutiny?

4) Were the ballots Xeroxed with the candidates already selected so that it would be less work filling them in?

Just like Florida, the press will ignore the fact that the cheating occurs at the county level; and all the state does is total the results from each county. They never even see the ballots. (Or didn't back when there was visible evidence.) If only our news reporters had taken basic civics.