Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism

In the prior post, we showed a presentation that looked at America from the perspective of a corporation and how it would be completely unsustainable. Luckily, there is little probability that America will ever have anything to do with S-Corp status, and far more likely end up as an agrarian Kolhoz. The reason: based on a Pew survey of America's youth, or those aged 18-29, more have a positive view response toward Socialism than they do toward Capitalism. We will leave it at that.

Socialism: 49% Positive / 43% Negative.
Capitalism: 46% Positive / 47% Negative.
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The Death of Banks and the Future of Money

Banks are something between dinosaurs and vampires.

One thing is now clear to even the most casual observer: banks are not capitalist businesses. In their present incarnation they have little to do with the free market and no place in it. They are constantly oscillating between two positions:

One moment, they are a state protectorate, in desperate need of support from the state printing press or unlimited taxpayer funds, as, in the absence of such support, we are supposedly faced with the dreaded social fallout of complete financial collapse. The next moment they are a convenient tool for state policy, simply to be fed with ample bank reserves and enticed with low interest rates to create yet more cheap credit and help manufacture some artificial growth spurt.

Either the banks are the permanent welfare queens of the fiat money systems, or convenient policy levers for the macro-economic central planners. In any case, this is certainly not how a capitalist business should look.
Central banks and modern fiat money banks are quite simply a blot on the capitalist system. In order for capitalism to operate smoothly they will ultimately have to be removed. I believe that the underlying logic of capitalism will work in that direction. Trying to ‘reform’ the present system is a waste of time and energy. It is particularly unbecoming for libertarians as they run the risk of getting infected with the strains of statism that run through the system. Let’s replace this system with something better. With a market-based monetary system. Read more >>

Ron Paul Powerful Speech - A Call for Revolution

Watch and listen this powerful speech: Slavery sold as liberty. Socialism to save capitalism. A psychotic nation. Exuberant taxation. Epidemic of cronyism. 700 military basis all over the world. Tortures of 21st century. We have forgotten what made America great. Revolutionary changes are needed and foreseen.

Fed Face-Off: Peter Schiff Goes Toe-to-Toe With Alan Blinder, Jim Bullard

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Peter Schiff's views as an author, investor and free market idealist are no secret: Abolish the Fed, buy gold and avoid the dollar. With that in mind, Sunday night was something of a dream come true for the President of Euro Pacific Capital. See Video

Thanks To Princeton University's Business Today, Schiff went head to head in New York City with St. Louis Federal Reserve President James Bullard and former Federal Reserve Vice Chairman Alan Blinder in a panel titled, "Challenges of the Global Slowdown: Redefining Government Regulation."

It might as well have been called "Schiff Blames the Fed for the Financial Crisis."

We caught up with Schiff after the panel to discuss some of the points mentioned in greater detail. (Click here for our one-on-one intereview with Bullard from the confab.)

Schiff on capitalism

• Capitalism is not the problem: "Just like during the 1930's, capitalism got a bad rap for all the damage that government did. Every time government policy interferes with capitalism and then creates a problem it's always capitalism that comes under fire not the government interference that led to the problem," he says. Schiff predicts this behavior will lead to the next calamity, a currency crisis which he claims will be even bigger than the one "we think we've solved."

Schiff on the Stock Market

• The stock market rally is an illusion: "It looks like stocks are going up but on a real basis they're going down" when compared to the value of gold, he says, predicting that trend will continue until the Dow trades on a one-to-one ratio with gold. (Today, the Dow is worth about 9 ounces of gold, down from a peak of 43 in 2000.)

Schiff on Gold

• Gold is not a bubble. "It's a great buy, I think it's going higher." Earlier this month, India's central bank bought 200 metric tons of gold for more than $1000 an ounce; Schiff believes other central bankers will follow suit which should help drive prices higher for years to come.

Prepare for a global depression, the likes of which have never been seen

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Humanity is on the verge of entering into the most tumultuous period in our history. The prospects of a global depression, the likes of which have never been seen before; a truly global war, on a scale never before imagined; and societal collapse, for which nations of the world are building totalitarian police states to control populations; are increasing by the day. The major global trend forecasters are sounding the alarms on economic depression, war, a return to fascism and a total reorganization of society. Through crisis, we are seeing the reorganization of the global political economy, and the transformation of capitalism into a totalitarian capitalist world government. Capitalism has never stayed the same through its history; it has always changed and will continue to do so. Its changes are explained and analyzed through political-economic theory, both mainstream theory and critical. The changes are undertaken over years, decades and centuries. The next phase of capitalism is one in which the world moves to a state-controlled economic system, much like China, of totalitarian capitalism.

The global political economy itself is being reorganized into a world government body, consisting of one center of global power where the socio-political-economic power of the world is centralized in one institution. This is not a conspiracy theory; it is a reality. Nor is this a subject confined to the realm of “internet conspiracy theorists,” but in fact, the concept of world government originates and evolves throughout the history of capitalism and the global political economy. Mainstream and critical political-economic theory has addressed the concept of world government for centuries.

The notion of a world government has such a long history, as the forces driving the world into such a structure intertwine with the history of the modern global political economy itself. The purpose of this report is to examine the history of the global political economy in taking steps toward forming a world government, in both theory and practice. How did we get here and where are we going? More...