What is the best formula for regulating the money supply?

Here is what G. Edward Griffin responded to a question on the money supply.

Bruce

'WHAT IS THE BEST FORMULA FOR REGULATING THE MONEY SUPPLY?
2013 Dec 23 from Larry Cohen
Dear Mr. Griffin, I'm working on a currency article investigating what would happen if we worked on a set amount of gold, silver, or some other form of money. If we kept the amount at a specific volume, that money would be forced to represent the value of all our production. Would that be a bad thing for us, or a good thing? Should we allow the expansion of our money, or are we better off having a set amount stand for whatever we produce? Do you care to have some input on this?

REPLY FROM GEG:
Hello Larry.
The problem lies in phrases such as "if we kept the amount at a specific volume", "should we allow the expansion of our money" and "would we be better off with a set amount", etc. All of this reveals an underlying assumption that "we" or the state or some authority should have the power to manipulate the money supply according to one of these formulas.

I believe that the money supply should be determined entirely by the forces of supply and demand in a free market, so my answer is that I would not support any of the alternatives mentioned. If the free market were allowed to function, I believe the money supply would expand at almost the exact rate at which the population expands -- so that purchasing power would remain nearly constant or slightly improve over long periods of time.

No man-made formula will work, because all such schemes need to be enforced by coercion. Remove legal-tender laws, and the system will work for the benefit of all.'

What The Japanese Government Is Not Saying About Fukushima

The Japanese government similar to our own, would rather lie to its people rather than tell them the truth. After all, we are mere simpletons and we can't handle it. We might panic and cause all sorts of dreadful problems and embarrassment to our government. I say tell me the truth, because that is often not as bad as the cover ups. 6-minute video.

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Bruce

"In this, the third installment in our short film series, Fairewinds Energy Education's Arnie Gundersen discusses sources of radiation the Japanese government is not taking into consideration when assessing the risk to it's people and the rest of the world. Thank you all so much for your attention to this important issue."

Government Using NSA to Change Amount in Bank Accounts, Warns Panel

If the government is short on cash, and it is, it could "adjust" your bank account balance.

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Bruce

"A White House review panel report into the activities of the NSA suggested that the government was using the spy agency to launch cyber attacks against financial institutions and change the amounts held in bank accounts."

Stunner. Non-Citizens Caught Voting in 2012 Presidential Election

This story shouldn't surprise anyone who has paid attention to Obama's fraud and dishonesty over his terms in office, plus the Democrats insistance that voter picture IDs not be required to vote. What is a pleasant surprise is that stories like this are starting to come out instead of their being covered up. 3-minute video.

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Bruce

'In February 2013 Ohio Democrat Melowese Richardson candidly admitted to Cincinnati’s Channel 9 that she voted twice in the 2012 election. “I’ll fight it for Mr. Obama and Mr. Obama’s right to sit as president of the United States,” she proclaimed in the interview.

In June she was convicted of felony voter fraud."

Judge Claims DHS Assisting Traffickers With Smuggled Children

This story about Obama's Dept of Homeland Security (DHS), otherwise known as his private civilian Army, shows that his priorities along the border are way out of step with mine and those of many other people. Fox TV 5-minute video.

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Bruce

'In a story reported first on The Kelly File Thursday night and on FoxNews.com, a federal judge in Texas is accusing the Department of Homeland Security of helping deliver smuggled children to their illegal immigrant parents in the United States.

In a scathing order filed last week, U.S. District Judge Andrew S. Hanen slammed the Obama administration for assisting a "criminal conspiracy," rather than enforcing border security laws.

Meet the DSM: Big Pharma’s Psychiatric Bible

You manufacture pills and drugs, and you also write the reference manual for prescribimg them. You want to sell more of your drugs. Therefore you invent a new ailment for which you just happen to have the pills, and you add that ailment to the prescription reference manual. Pretty soon everyone "needs" your flu vaccine or is "crazy" and needs your drugs, now perhaps required by law. You laugh all the way to the bank. 11-minute video.

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Bruce

'Since 1952, the American Psychiatric Association has published the Diagnostic and Statistical Manual of Mental Disorders, or the DSM, as a guideline for the classification and diagnoses of mental health issues. The DSM, according to the APA itself, “is the standard classification of mental disorders used by mental health professionals in the United States and contains a listing of diagnostic criteria for every psychiatric disorder recognized by the U.S. healthcare system.”

Earlier this year, the APA published the DSM-5, the fifth major revision of the manual.

Commonly referred to as the psychiatric diagnostic “bible,” the guide has always generated controversy. How are disorders diagnosed? What criteria are used to establish disorders in the first place? Are the categories subjective? Do they reflect cultural biases?
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In the end, what is at stake is not merely the utility of the DSM as a diagnostic guideline, but the credibility of the psychiatric profession as a whole. As critics like Dr. Frances and others have argued, in the relentless drive to expand the number and the scope of mental disorders (with the attendant increase in potential customers it brings for the drug manufacturers), more and more people are being driven from the ranks of the normal into the care of psychiatrists. This diverts attention from the extreme cases of individuals most in need of mental healthcare and makes impersonal interactions dictated by DSM guidelines and ending with knee-jerk drug prescriptions all the more likely. For many, the direction of psychiatry has to be diverted from its current course before the very human condition itself is pathologized and medicated out of existence.'

Obamacare customers are getting another sticker shock

True to form the lowest deductible is $5,000, according to G. Edward Griffin's newsletter. 1-minute video.

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Bruce

Arizona Legislation Tells NSA, "You're Not Welcome Here"

Once in a while good news happens. Arizona for a long time has been treated poorly by Obama and Holder in not securing the border. Now, Arizona actually thinks that the federal government should be run according to our Constitution! Imagine the effect on Obama, Holder and Valerie Jarette. Those idiots and the rest of Obama's supporters won't be able to function.

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Bruce

"An Arizona state senator has committed to take on the National Security Agency spy machine.

Sen. Kelli Ward announced Monday that she plans to introduce the Fourth Amendment Protection Act to stop her state from supporting the NSA in its unconstitutional spying."

Canada Busted Covering Up Spikes In Fukushima Radiation

It appears that the Canadian government leadership can't be trusted to tell its people the truth either. G. Edward Griffin's newsletter tells it like it is though. Here's what he said:

A study from Health Canada shows that the Canadian, US, and Japanese governments have conspired to conceal information about radiation spikes coming from Fukushima. [They have hidden such data as a 6,000% increase in radioactive xenon and concealed the true effects of Fukushima by cutting back on radiation monitoring and raising the ‘acceptable' levels of radiation.] Washington's Blog Posted 2013 Dec 7

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Bruce

'Meanwhile, government officials claimed there was nothing to worry about. “The quantities of radioactive materials reaching Canada as a result of the Japanese nuclear incident are very small and do not pose any health risk to Canadians,” Health Canada says on its website. “The very slight increases in radiation across the country have been smaller than the normal day-to-day fluctuations from background radiation.”

In fact, Health Canada’s own data shows this isn’t true. The iodine-131 level in the air in Sidney peaked at 3.6 millibecquerels per cubic metre on March 20. That’s more than 300 times higher than the background level, which is 0.01 or fewer millibecquerels per cubic metre.

“There have been massive radiation spikes in Canada because of Fukushima,” said Gordon Edwards, president of the Canadian Coalition for Nuclear Responsibility.

“The authorities don’t want people to have an understanding of this. The government of Canada tends to pooh-pooh the dangers of nuclear power because it is a promoter of nuclear energy and uranium sales.”

Edwards has advised the federal auditor-general’s office and the Ontario government on nuclear-power issues and is a math professor at Montreal’s Vanier College.'

Humor

Here are some jokes from G. Edward Griffin's newsletter, Unfiltered News 2013 December 6.

Bruce

'Unfiltered News is as serious as it gets, but laughter is good for the soul and helps to keep our equilibrium amid the chaos. So, here are quips, gags, and images to put a smile on your face.

One day, a man came home and was greeted by his wife dressed in a very Sexy nightgown. 'Tie me up,' she purred, 'and you can do anything you want.'
So he tied her up and went golfing.

A woman came home, screeching her car into the driveway, and ran into the house. She slammed the door and shouted at the top of her lungs, 'Honey, pack your bags. I won the lottery!' The husband said, 'I can't believe it! What should I pack, beach stuff or mountain stuff?' 'Doesn't matter,' she said. 'Just get out.'

A Polish immigrant went to the DMV to apply for a driver's license. First, of course, he had to take an eye sight test. The optician showed him a card with the letters 'C Z W I X N O S T A C Z.' 'Can you read this?' the optician asked. 'Read it?' the Polish guy replied, 'I know the guy.'

A wife was making a breakfast of fried eggs for her husband. Suddenly, her husband burst into the kitchen. 'Careful,' he said, 'CAREFUL! Put in some more butter! Oh my gosh! You're cooking too many at once. TOO MANY! Turn them! TURN THEM NOW! We need more butter. Oh my gosh! WHERE are we going to get MORE BUTTER? They're going to STICK! Careful. CAREFUL! I said be CAREFUL! Turn them! Hurry up! Have you LOST your mind? Don't forget to salt them. Use the salt! USE THE SALT! THE SALT!'

The wife stared at him. 'What in the world is wrong with you? You think I don't know how to fry a couple of eggs?' The husband calmly replied, 'I just wanted to show you what it feels like when I'm driving.''

Should Majorities Decide Everything?

This 5-minute video from G. Edward Griffin's newsletter shows how our Constitution has been slowly eroded, even by our Supreme Court.

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Bruce

Federal Reserve Series: Abuse or Benefit to Americans?

G. Edward Griffin shows that the Federal Reserve is turning into a tool for totalitarianism. 6-minute video.

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Bruce

“we are living in an age of fiat money, and it is sobering to realize that every previous nation in history that has adopted such money eventually was economically destroyed by it” Author, G. Edward Griffin

Is your TV spying on YOU?

G. Edward Griffin's newsletter warns to be careful around new TV sets in England. They will likely be coming to this country if they're not here already.

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Bruce

"You are sitting in bed in your pyjamas, drinking a cup of cocoa. A loved one lies next to you, watching late-night television. Pillow talk is exchanged. An alarm clock is set. Eventually the lights are turned out.

Earlier, you sat on the living-room sofa eating supper, before loading the dishwasher and heading upstairs.
...
These characters can see what clothes you have been wearing and what food you’ve eaten. They heard every word you said, and logged every TV show you watched. Some are criminals, others work for major corporations. And now they know your most intimate secrets."

Cell phone radiation breast cancer link - New study raises grave concerns

G. Edward Griffin has a link to an article from naturalnews.com where cell phones are again linked to cancer.

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Bruce

"(NaturalNews) A new study raises concerns of a possible association between cell phone radiation exposure and breast cancer in young women."

The history behind the fiscal financial failure of America

The Federal Reserve is a corrupt private group of bankers. If you haven't already, read G. Edward Griffin's book, "The Creature from Jekyll Island" to get an idea of how corrupt.

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Bruce

"In 1910 the heads of the wealthy banking families, along with Senator Acworth (a very corrupt republican senator who was heading the banking and ways committee) met at Jekyll Island and concocted the Federal Reserve. In 1913 democratic senators were paid by the banking families to propose and pass the Federal Reserve Act. This bill was discussed and voted on during the Christmas recess when most of the politicians were away from DC. Democrats were selected to propose the bill because they were viewed by the public as representing the working man (Nelson Rockefeller was a Democrat – he really represented the working man – right!).

The Federal Reserve prints money for use by the UST without providing any backing for the money. Every dollar issued by the FED becomes debt to the US and the FED is paid interest on the money provided.

The Federal Reserve owns all of our politicians."

Obama's Climate Task Force Is a Treaty Trap

The way that Obama rules by Executive orders, bypasses Congress and gets away with it is unconstitutional. He is not a king or some person of royalty, except maybe in his own mind.

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Bruce

"Obama's new executive order (EO) that creates a global warming task force, The Council on Climate Preparedness and Resilience, is a tool to implement Agenda 21, which is the blueprint for totalitarian control through the United Nations. The new task force utilizes corrupt science that comes directly from the the UN's Intergovernmental Panel on Climate Change (IPCC) that is the source of countless scandals. Obama's strategy is designed to bypass Congress in order to lockdown land use and control water resources. And there are hidden UN and World Trade Organization treaties lurking in the background.
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The Senate has the power to ratify or reject any proposed WTO and UN treaties and many would vote in favor of unconstitutional treaties, therefore, it is time to throw them out of office in favor of Constitutional candidates."

What Is Going To Happen If Interest Rates Continue To Rise Rapidly?

Thomas Jefferson (good) vs. Alexander Hamilton (bad). Should US finances be run by a central bank? If you read G. Edward Griffin's book, "The Creature From Jekyll Island, A Second Look at the Federal Reserve," you will probably get angry, as I did, at how a small group of bankers surrepticiously took control of this country's money and all of your money and your children's money and their children's money and so on.

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Bruce

"Do you remember all of the warnings that we have received over the years about what would take place when foreign countries started dumping U.S. debt?

Well, it looks like it may be starting to happen.

Unfortunately, there is no way that the party that the U.S. government has been throwing can continue without foreigners buying our debt. We have added more than 11 trillion dollars to the national debt since the year 2000, and according to Boston University economist Laurence Kotlikoff we are facing unfunded liabilities in future years that are in excess of 200 trillion dollars.

Even with foreigners continuing to loan us gigantic mountains of super cheap money, it would still take a doubling of our taxes to put us on a fiscally sustainable course…"

Secret DARPA Mind Control Project Revealed: Leaked Document

This story from G. Edward Griffin is about government research using magnetic fields to affect how your brain functions, or brainwashing. It potentially can support or disrupt certain thoughts, like propaganda and acts of violence, perhaps against your will. Maybe it can be used also for positive results like preventing migraine headaches or fixing errors in short term memory caused by strokes. 5 and 2-minute videos.

There is tremendous potential in years to come for governments to misuse this possible knowledge to change people's acceptance or rejection of ideas, start wars, racial conflicts and the could be no limits to what ideas could be controlled. Maybe it won't be necessary to tell people that they are being manipulated either.

I am reminded of how many people were restrained in mental institutions in Russia because they didn't agree with how great the ideas of the communist party were. In other words you were declared insane and imprisoned if you disagreed with the wonderful Communists and the wonderful lives that central government planning would provide. The key was CONTROL. Control of people's thoughts is what they wanted and got through physical imprisonment.

I remember when computers were new to our government research in the 1940s and 1950s. They were huge, taking up entire rooms tor the Central Processing end the Memory and Storage Units to process very simple instructions. That is the case with this research now, but look at how small and powerful computers have become, for example cell phones, GPS, laptops.

If our government is looking into this isn't it possible that Russia, China and others are too?

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Bruce

'What if the government could change people's moral beliefs or stop political dissent through remote control of people's brains?

Sounds like science fiction, right? Well, a leaked document reveals that the US government, through DARPA research, is very close to accomplishing this.

Activist Post was recently contacted by an anonymous whistleblower who worked on a secret ongoing mind-control project for DARPA. The aim of the program is to remotely disrupt political dissent and extremism by employing "Transcranial Magnetic Stimulation" (TMS) in tandem with sophisticated propaganda based on this technology. TMS stimulates the temporal lobe of the brain with electromagnetic fields.'

Obama Conquers Internet Through Executive Orders

This story makes me think of the Fabian Socialists or a camel unobtrusively trying to sneak into a teat using incrementalism, making little innocuous changes over time that seem like nothing until one day you realize that the camel is inside the tent! The timing of these changes are over generations of livetimes of people and this is the way that communists have disrupted our educational process to dumb down America and to implement the planks of the communist party.

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Bruce

'Obama’s policies will allow for a future government takeover of the Internet, involving multiple agencies including the Department of Homeland Security, under the guise of “national security needs” and “crisis management.”

In July 2012, Obama quietly released an executive order entitled Assignment of National Security and Emergency Preparedness Communications Functions.
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This allows the DHS, working jointly and directly with private Internet Service Providers, to easily take over the Internet by claiming priority over private communication lines in the name of “national security.”
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Earlier this year, Obama released another executive order entitled Improving Critical Infrastructure Cybersecurity.

This order created “essential” public-private partnerships with Internet infrastructure owners and operators “to improve cybersecurity information sharing.”
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The next 9/11 could easily be a cyber attack, such as a massive financial collapse blamed on “foreign hackers.”
...
Between the NSA soaking up all the digital communications by the public and the DHS’s increased involvement in cyber security, the freedom of anonymous expression is in great peril.'

Ron Paul - Immigration Reform bill

Just what we don't need, to be in yet another government database, subject to abuse by politicians. 5-minute video. From G. Edward Griffin's newsletter. The message is against big government, and asks for a donation, but hear how bad big government can be.

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Bruce

"Ron Paul explains that the so-called Immigration Reform bill now pending in Congress would create a national ID card, including fingerprints and retinal scans. [This card would be required of every American before they could get a job – and soon would be a requirement for travel and financial transactions. He tells what can be done to stop this assault against freedom from becoming law of the land.] C4L 2013 May 15"