[Carl Veritas]

Great info, Greek.
There is a common thread however: Bank credit by way of fractional reserve banking. Banks are technically insolvent and this is where booms, financial panics and depressions originate. Even when paper notes were required to have backing of specie, bankers routinely issued in excess of their reserves, causing bank runs. Picture a wagon full of specie being delivered to bank after bank, ahead of the bank examiner. It may be a blip on the screen today but it’s the same unstable, leveraged banking system that allows for all the subsequent abuse to occur.

What appeared to be prosperity from 1813-1818 was nothing but a bubble that resulted from inflationary war finance. It was unsustainable. And the panic of 1819 was the result. The Second Bank of the United States, authorized to issue note, had fueled land speculation. (from Panic of 1819 by Rothbard)

The panic of 1837 was also a culmination of expanding banks and bank credit and bank runs. The bankers were expanding credit with or without a central bank, which only served to coordinate the credit expansion and to a wider area. So was the bank panic of the 1920s that turned into a great depression by Hoover’s economic policies.

[Carl Veritas]

Great info, Greek.
There is a common thread however: Bank credit by way of fractional reserve banking. Banks are technically insolvent and this is where booms, financial panics and depressions originate. Even when paper notes were required to have backing of specie, bankers routinely issued in excess of their reserves, causing bank runs. Picture a wagon full of specie being delivered to bank after bank, ahead of the bank examiner. It may be a blip on the screen today but it’s the same unstable, leveraged banking system that allows for all the subsequent abuse to occur.

What appeared to be prosperity from 1813-1818 was nothing but a bubble that resulted from inflationary war finance. It was unsustainable. And the panic of 1819 was the result. The Second Bank of the United States, authorized to issue note, had fueled land speculation. (from Panic of 1819 by Rothbard)

The panic of 1837 was also a culmination of expanding banks and bank credit and bank runs. The bankers were expanding credit with or without a central bank, which only served to coordinate the credit expansion and to a wider area. So was the bank panic of the 1920s that turned into a great depression by Hoover’s economic policies.

[Carl Veritas]

Great info, Greek.
There is a common thread however: Bank credit by way of fractional reserve banking. Banks are technically insolvent and this is where booms, financial panics and depressions originate. Even when paper notes were required to have backing of specie, bankers routinely issued in excess of their reserves, causing bank runs. Picture a wagon full of specie being delivered to bank after bank, ahead of the bank examiner. It may be a blip on the screen today but it’s the same unstable, leveraged banking system that allows for all the subsequent abuse to occur.

What appeared to be prosperity from 1813-1818 was nothing but a bubble that resulted from inflationary war finance. It was unsustainable. And the panic of 1819 was the result. The Second Bank of the United States, authorized to issue note, had fueled land speculation. (from Panic of 1819 by Rothbard)

The panic of 1837 was also a culmination of expanding banks and bank credit and bank runs. The bankers were expanding credit with or without a central bank, which only served to coordinate the credit expansion and to a wider area. So was the bank panic of the 1920s that turned into a great depression by Hoover’s economic policies.

[Carl Veritas]

Great info, Greek.
There is a common thread however: Bank credit by way of fractional reserve banking. Banks are technically insolvent and this is where booms, financial panics and depressions originate. Even when paper notes were required to have backing of specie, bankers routinely issued in excess of their reserves, causing bank runs. Picture a wagon full of specie being delivered to bank after bank, ahead of the bank examiner. It may be a blip on the screen today but it’s the same unstable, leveraged banking system that allows for all the subsequent abuse to occur.

What appeared to be prosperity from 1813-1818 was nothing but a bubble that resulted from inflationary war finance. It was unsustainable. And the panic of 1819 was the result. The Second Bank of the United States, authorized to issue note, had fueled land speculation. (from Panic of 1819 by Rothbard)

The panic of 1837 was also a culmination of expanding banks and bank credit and bank runs. The bankers were expanding credit with or without a central bank, which only served to coordinate the credit expansion and to a wider area. So was the bank panic of the 1920s that turned into a great depression by Hoover’s economic policies.

[Carl Veritas]

Great info, Greek.
There is a common thread however: Bank credit by way of fractional reserve banking. Banks are technically insolvent and this is where booms, financial panics and depressions originate. Even when paper notes were required to have backing of specie, bankers routinely issued in excess of their reserves, causing bank runs. Picture a wagon full of specie being delivered to bank after bank, ahead of the bank examiner. It may be a blip on the screen today but it’s the same unstable, leveraged banking system that allows for all the subsequent abuse to occur.

What appeared to be prosperity from 1813-1818 was nothing but a bubble that resulted from inflationary war finance. It was unsustainable. And the panic of 1819 was the result. The Second Bank of the United States, authorized to issue note, had fueled land speculation. (from Panic of 1819 by Rothbard)

The panic of 1837 was also a culmination of expanding banks and bank credit and bank runs. The bankers were expanding credit with or without a central bank, which only served to coordinate the credit expansion and to a wider area. So was the bank panic of the 1920s that turned into a great depression by Hoover’s economic policies.

[Carl Veritas]

Where does the Federal government get the money to bail out everyone, foreign wars, foreign
aid, ss, medicare, medicaid etc?

Taxes? That is political suicide because you’ll vote them out of office if taxes got high enough. Plus even if 90% of taxes went to government coffers that won’t fund everything.

Debt? You’re getting warmer. Congress has already raised the federal governments debt ceiling to around $9 trillion. The central bank will monetize a chunk
to funnel to the bankers trough their open market operations. The very source of todays housing bust and persistent inflation.

The system is automatically programmed to increase the national debt, taxes, and inflation. All that is needed is for us to remain stupid.

A reasonable question–

How can the economy produce jobs without adding to the national debt, taxes, and inflation?

[Carl Veritas]

Where does the Federal government get the money to bail out everyone, foreign wars, foreign
aid, ss, medicare, medicaid etc?

Taxes? That is political suicide because you’ll vote them out of office if taxes got high enough. Plus even if 90% of taxes went to government coffers that won’t fund everything.

Debt? You’re getting warmer. Congress has already raised the federal governments debt ceiling to around $9 trillion. The central bank will monetize a chunk
to funnel to the bankers trough their open market operations. The very source of todays housing bust and persistent inflation.

The system is automatically programmed to increase the national debt, taxes, and inflation. All that is needed is for us to remain stupid.

A reasonable question–

How can the economy produce jobs without adding to the national debt, taxes, and inflation?

[Carl Veritas]

Where does the Federal government get the money to bail out everyone, foreign wars, foreign
aid, ss, medicare, medicaid etc?

Taxes? That is political suicide because you’ll vote them out of office if taxes got high enough. Plus even if 90% of taxes went to government coffers that won’t fund everything.

Debt? You’re getting warmer. Congress has already raised the federal governments debt ceiling to around $9 trillion. The central bank will monetize a chunk
to funnel to the bankers trough their open market operations. The very source of todays housing bust and persistent inflation.

The system is automatically programmed to increase the national debt, taxes, and inflation. All that is needed is for us to remain stupid.

A reasonable question–

How can the economy produce jobs without adding to the national debt, taxes, and inflation?

[Carl Veritas]

Where does the Federal government get the money to bail out everyone, foreign wars, foreign
aid, ss, medicare, medicaid etc?

Taxes? That is political suicide because you’ll vote them out of office if taxes got high enough. Plus even if 90% of taxes went to government coffers that won’t fund everything.

Debt? You’re getting warmer. Congress has already raised the federal governments debt ceiling to around $9 trillion. The central bank will monetize a chunk
to funnel to the bankers trough their open market operations. The very source of todays housing bust and persistent inflation.

The system is automatically programmed to increase the national debt, taxes, and inflation. All that is needed is for us to remain stupid.

A reasonable question–

How can the economy produce jobs without adding to the national debt, taxes, and inflation?

[Carl Veritas]

Where does the Federal government get the money to bail out everyone, foreign wars, foreign
aid, ss, medicare, medicaid etc?

Taxes? That is political suicide because you’ll vote them out of office if taxes got high enough. Plus even if 90% of taxes went to government coffers that won’t fund everything.

Debt? You’re getting warmer. Congress has already raised the federal governments debt ceiling to around $9 trillion. The central bank will monetize a chunk
to funnel to the bankers trough their open market operations. The very source of todays housing bust and persistent inflation.

The system is automatically programmed to increase the national debt, taxes, and inflation. All that is needed is for us to remain stupid.

A reasonable question–

How can the economy produce jobs without adding to the national debt, taxes, and inflation?

[Carl Veritas]

The answer is — Production With Savings.

Government and the private sector both create jobs in our economy.

Though the government does not produce anything.

It can create a job for Paul by taxing Peter first.
Or,
it can rely on the counterfeiter Fed to inflate the money supply to encourage business loans and jobs.

But since the question calls for jobs without additional debt, taxes or inflation, government is out on all three counts. But are they?

Not unless we succeed in prying the magic checkbook from it’s tentacles.

Vote to End The Fed, and usher in the Free Market.

[Carl Veritas]

The answer is — Production With Savings.

Government and the private sector both create jobs in our economy.

Though the government does not produce anything.

It can create a job for Paul by taxing Peter first.
Or,
it can rely on the counterfeiter Fed to inflate the money supply to encourage business loans and jobs.

But since the question calls for jobs without additional debt, taxes or inflation, government is out on all three counts. But are they?

Not unless we succeed in prying the magic checkbook from it’s tentacles.

Vote to End The Fed, and usher in the Free Market.

[Carl Veritas]

The answer is — Production With Savings.

Government and the private sector both create jobs in our economy.

Though the government does not produce anything.

It can create a job for Paul by taxing Peter first.
Or,
it can rely on the counterfeiter Fed to inflate the money supply to encourage business loans and jobs.

But since the question calls for jobs without additional debt, taxes or inflation, government is out on all three counts. But are they?

Not unless we succeed in prying the magic checkbook from it’s tentacles.

Vote to End The Fed, and usher in the Free Market.

[Carl Veritas]

The answer is — Production With Savings.

Government and the private sector both create jobs in our economy.

Though the government does not produce anything.

It can create a job for Paul by taxing Peter first.
Or,
it can rely on the counterfeiter Fed to inflate the money supply to encourage business loans and jobs.

But since the question calls for jobs without additional debt, taxes or inflation, government is out on all three counts. But are they?

Not unless we succeed in prying the magic checkbook from it’s tentacles.

Vote to End The Fed, and usher in the Free Market.

[Carl Veritas]

The answer is — Production With Savings.

Government and the private sector both create jobs in our economy.

Though the government does not produce anything.

It can create a job for Paul by taxing Peter first.
Or,
it can rely on the counterfeiter Fed to inflate the money supply to encourage business loans and jobs.

But since the question calls for jobs without additional debt, taxes or inflation, government is out on all three counts. But are they?

Not unless we succeed in prying the magic checkbook from it’s tentacles.

Vote to End The Fed, and usher in the Free Market.

[Author]

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