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Archive for July, 2011

After Utah, other states make gold payments legal

July 15th, 2011 TFS No comments

Last March, the State of Utah passed the Legal Tender Act, thus making it legal to allow payments using gold and silver coins minted in the US.

After that, other 12 states passed similar bills, and returning the US into a gold backed economy gains support every day.

Thanks to this, residents of Utah will be able to use gold-backed Visa debit-cards:

This could come about through establishment and activation of a privately owned state depository that will accept (and value on a continual basis) gold and silver coins, including coins with high numismatic value. The holdings of an individual or business at the depository will provide the backing for dollar purchases run through the Visa debit card, but could work equally well for precious-metal-backed Visa purchases abroad, denominated in foreign currencies.

Read the complete story at Human Events: Utah spurs gold rush.

Time to panic, indeed

July 8th, 2011 TFS No comments

On my daily feed round I came across this, from The Atlantic: Time to panic about federal debt limit.

It starts comparing american economy to an airplane with engine problems

just barely maintaining altitude above the tree line. Although the plane is holding its own, if almost anything else goes wrong, it will crash.

And then ends with demands of more “stimulus”. Well, american economy (and we should include most of european contries, specially greek, portuguese and, oh yeah, spanish) are like an airplane… not with engine, but with FUEL problems.

Flying in circles only does one thing: it keeps spending fuel. Being aware that fuel quantity is always limited (btw, are not the same people warning us about peak oil?), the pilots should stop wandering and start looking for a piece of land to bring the plane down and get everyone (The People) out the plane safely.

If pilots keep rounding and rounding, demanding increase the debt ceiling (aka asking for a refill), the only thing that could will happen will be that the plane WILL spend all the fuel, and it will crash, and there will be casualties.

No more stimulus, no more bailouts, no more bullshit.

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A toast to Jefferson

July 4th, 2011 TFS No comments

Recently we got new computers. I named mine “Jeff”, in a tribute to Thomas Jefferson.

From one of my late discoveries, Ilana Mercer, I would like to share her today’s article, A July Fourth toast to Tomas Jefferson—and the Anglo-Saxon tradition.

Jefferson, in particular, was adamant about the imperative “to be watchful of those in power,” a watchfulness another Whig philosopher explained thus: “Considering what sort of Creature Man is, it is scarce possible to put him under too many Restraints, when he is possessed of great Power.”

“As Jefferson saw it,” expounds Mayer, “the Whig, zealously guarding liberty, was suspicious of the use of government power,” and assumed “not only that government power was inherently dangerous to individual liberty but also that, as Jefferson put it, ‘the natural progress of things is for liberty to yield and government to gain ground.’”

To be watchful of those in power has been one of the issues since Greeks invented democracy. However, failing to do so can lead to the very situation Greece is facing now, and even worse, to any totalitarian regime, which could rise up ‘legally’ and with a tremendous applause if we incur in dereliction of our civic duties of being watchful of those in power.

But anyway, let’s make a toast to the venerable Thomas, whose Declaration of Independence was published and read aloud 235 years ago.

To Life, Liberty and the pursuit of Happiness.

PS: David McGregor, from Sovereign Life, wrote an essay named “July 4: a promise betrayed” sometime ago, but it’s worth reading today.

Police State

July 3rd, 2011 TFS No comments

Did you ever thought what is under the “Police State” expression? Well, some days ago I found this on BoingBoing, a video in which a police officer arrest a woman in her yard (illegal trespassing?) simply for being there with a camera.

I thought that guy was insane.

Today, thanks to a hint, I discovered this:

Seriously, there’s something really fucked up with these so called ‘law and order’ officers.

Watch the whole pack of videos in Police: the largest gang in America. I couldn’t.