The Dollar Vigilante Archive
The Dollar Vigilante (TDV) is a joint-venture publication founded by two respected free-market speakers and analysts in the financial sector, Jeff Berwick and Ed Bugos. Both Jeff and Ed consider themselves financial freedom fighters and have written extensively in the past about the ongoing and impending collapse of the US dollar based financial system. They joined forces to publish TDV, a publication and community for dollar crash survivors. Email this author.
Screams and sirens pierce the air as rocks, firecrackers and sharp glass go flying in every direction. Police try to beat back the hordes of protesters by smashing indiscriminately into the crowd with their billy clubs. This was the scene recently in Madrid, Spain.
As I watched a recent documentary on Mao Zedong’s Communist China revolution and “The Great Leap Forward,” it struck me how eerily similar the early years of Mao, leading to millions of deaths, were to today’s United States and President Barack Obama.
The year 2014 will be a wild mixture of both the best and the worst of times. The ratio of good to bad that impacts people’s lives depends largely on whether they are ready to embrace the best and marginalize the worst. Happiness and liberty are similar to luck; they tend to favor the prepared.
Has the National Security Administration (NSA) been changing the amounts held in the financial accounts of people it targets? The question would seem absurd if it were not for a 308-page report on the NSA that was released on Dec. 12 by an official White House panel.
Mark Twain said, “There are three kinds of lies: lies, damned lies and statistics.” With all due respect to Twain, he did not extend the thought far enough; government statistics trump all lies. But then again, the government’s role as both pre-eminent statistics gatherer and manipulator is a phenomenon more applicable to our time.
One of the most alarming trends in American politics is the lack of pretense being displayed by authority. Like a ravening beast that loses its fear of humans, government becomes more dangerous when it loses the need to pose as a public servant that performs legitimate tasks.
The Federal Reserve’s zero interest rate policy (ZIRP) of the past half dozen years or so has been a financial act of war on the country’s seniors and, for that matter, on all savers. Under ZIRP, interest rates are artificially lowered through the Fed’s monetary policy popularly known as “QE,” quantitative easing.
Those involved in the traditional political realm of left and right deem me delusional. I am labeled a “radical” by those on the right and a “reactionary” by those on the left. In fact, I am neither. Rather, I am the dreaded Libertarian who believes that government, if it must exist at all, must be structurally limited. And it is clear that in that belief I am a part of a small minority.
The popular tactic called the false dilemma essentially boils down to some argument “what about the …” and using that appeal to excuse the violence. In these state religions there is no real contemplation; rather any argument or appeal is used to excuse or initiate violence against those who do not agree.
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.