Asset and Wealth Protection
Personal Liberty focuses on conservative Americans who understand the importance of independent thought in the quest to grow and protect their financial assets, and are seeking to achieve financial freedom.
Depreciating currency is destroying America. America is a giant Ponzi scheme no different from the one pulled off by Bernie Madoff. Madoff’s scheme collapsed because he became locked into an economic death spiral of moving dollars from one pile to another. That is the case of the U.S. economy.
Federal Reserve Vice Chairman Janet Yellen is said to be President Barack Obama’s top choice to replace Helicopter Ben Bernanke at the Federal Reserve. Progressives are said to be ecstatic, viewing Yellen as someone who will continue if not double down on Bernanke’s money printing policies. As usual, progressives are missing the point.
This post, written by John P. Chochran, originally appeared on the Ludwig von Mises Institute website on September 11. Paul Krugman has recently been critical of Friedman (and Phelps), the Phillips curve, and the Natural Unemployment Rate (NUR) theory in the process of arguing that due to the recent Great Recession, the accompanying financial crisis, […]
There’s a new version of the American dream these days that doesn’t so much involve the white picket fence and automobile in the driveway. Rather, the new dream shared by a growing number of Americans involves getting off their backs the creditors who helped them finance their initial go at the American dream.
Recovery summer never materialized, despite predictions by President Barack Obama and Fed Chairman Ben Bernanke. And guess who’s hurt the most by Obama’s policies. It’s Obama’s core demographic.
Is wealth and ownership of paper money the same thing?
Addressing the Nation 42 years ago to “outline a new economic policy,” President Richard Nixon failed to disappoint: Wage and price controls were instituted, the automobile industry was browbeaten into reducing prices and a 10 percent tariff was assessed on all imports. All this occurred before Nixon announced his grandest exploit: the termination of U.S. commitments to exchange gold for dollars with foreign governments.
It never ceases to amaze me the amount of blind faith average Americans place in the strength of the U.S. dollar. It’s dangerous to believe one argument for the dollar’s strength, that there is no way the dollar’s value will ever collapse because it is the dominant petro-currency, and the entire world needs dollars to purchase oil.
Government in Mexico exists, to be sure; but it has been slow to acquire the desire and sophistication to put its boot heel on the neck of its citizens. Yet, as Mexico becomes more First World, so has its government. While light years behind the USSA in intrusiveness, Mexico is following briskly in the footsteps of its northern neighbor.
The Senate Homeland Security and Government Affairs Committee set the wheels in motion this week for a comprehensive review of how it plans to clamp down on virtual currencies like Bitcoin.