The 30-Day Reading List That Will Lead You to Becoming a Knowledgeable Libertarian by Robert Wenzel

The list below will not make anyone a scholar in libertarianism or an expert in Austrian Economics, it is designed to introduce to the busy individual the essence of libertarianism. There are 30 articles listed below. If one reads one article, slowly and carefully, per day, by the end of 30 days one should have a very strong grasp of libertarian principles and a basic understanding of Austrian economics. The list contains articles on a variety of topics, but does not cover all possible libertarian topics. More than anything it provides an overview of libertarianism and how libertarians think about issues of the day. The completion of the 30 days of reading should not be considered an ending point but rather the start of the beginning of more detailed study.

Click the link below for the reading list….

The 30-Day Reading List That Will Lead You to Becoming a Knowledgeable Libertarian by Robert Wenzel.

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We Are Watching The Greek Banking System Die Right In Front Of Our Eyes

Money is being pulled out of Greek banks at an alarming rate, and if something dramatic is not done quickly Greek banks are going to start dropping like flies.  As I detailed yesterday, people do not want to be stuck with euros in Greek banks when Greece leaves the euro and converts back to the drachma.  The fear is that all existing euros in Greek banks would be converted over to drachmas which would then rapidly lose value after the transition.  So right now euros are being pulled out of Greek banks at a staggering pace.  According to MSNBC, Greeks withdrew $894 million from Greek banks on Monday alone and a similar amount was withdrawn on Tuesday.  But this is just an acceleration of a trend that has been going on for a couple of years.  It has been reported that approximately a third of all Greek bank deposits were withdrawn between January 2010 and March 2012.  So where has all of the cash for these withdrawals been coming from?  Well, the European Central Bank has been providing liquidity for Greek banks, but now it has been reported that the ECB is going to stop providing liquidity to some Greek banks.  It was not announced which Greek banks are being cut off.  For now, the Greek Central Bank will continue to provide euros to those banks, but the Greek Central Bank will not be able to funnel euros into insolvent banks indefinitely.

This is a major move by the European Central Bank, and it is going to shake confidence in the Greek banking system even more.

There are already rumors that the Greek government is considering placing limits on bank withdrawals, and many Greeks will be tempted to go grab their money while they still can.

Once strict currency controls are put in place, the population is likely to respond very angrily.  If people can’t get their money there is no telling what they might do.

We are reaching a critical moment.  Many fear that a full-blown “bank panic” could happen at any time.  The following is from a recent Forbes article….

via We Are Watching The Greek Banking System Die Right In Front Of Our Eyes.

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The Daily Bell – Oh, the Horror! Greek Gov Collapses

Greece calls new election after coalition talks fail … Greece abandoned a nine-day hunt for a government on Tuesday and called a new election that threatens to hasten the nation’s slide towards bankruptcy and a future outside the euro zone. An inconclusive election on May 6 left parliament split between supporters and opponents of a 130 billion euro bailout deal which is reviled by Greeks for imposing deep wage, pension and public spending cuts. A second election is expected to produce a similarly divided parliament, with opponents of the EU/IMF rescue consolidating their gains and raising the likelihood of an anti-bailout coalition that reneges on the deal keeping Greece afloat. “For God’s sake, let’s move towards something better and not something worse,” Socialist leader Evangelos Venizelos told reporters after a meeting of party leaders failed to agree on a government of technocrats. “Our motherland can find its way, we will fight for it to find its way.” European leaders have said they will halt the aid if promises given in return for the bailout are not kept. If so, Greece could go bankrupt as early as next month. Analysts say that this will almost certainly herald a Greek return to its drachma national currency. – Reuters

Dominant Social Theme: What will the Greeks do without a government?

Free-Market Analysis: So the Greek government has collapsed … again. Reuters (above) makes it sound like a national tragedy. But maybe we are missing something here. Didn’t the Greek government cause the current problems?

Excuse us if we’re wrong but isn’t the problem well known? Doesn’t “everyone” understand that the Greek government is terminally corrupt? Isn’t it well known that the Greek government caused a large part of current Greek difficulties?

It is always a dominant social theme of sorts, though. The mainstream wire services like Reuters happily spout the language of the latest crisis.

Governments are always collapsing, reforming or coming together to form a new pact just before midnight. None of it makes any difference but it is great fun for the plebes.

Beside each breathless headline is yet another platform for the only promotion that counts – which is that government and bureaucrats are ineffably important.

The power elite that wants to run the world NEEDS government. Without government, those at the top can’t pull the strings behind the scenes. The process is called mercantilism. No government, no control.

And so outfits like Reuters breathlessly fill us in on every last detail. Each rumpled, heavy bureaucrat is a hero. And even the most banal of their statements is worth repeating. Here’s more:

“There is now a considerable danger that Greece simply runs out of money next month – that it can’t pay wages, can’t run public transport, can’t maintain infrastructure and that the country just descends into complete chaos,” said Jonathan Loynes, chief European economist at Capital Economics, which predicts the country could leave the currency bloc this year.

Financial markets, worried that Greece’s crisis could spread to bigger euro zone economies such as Spain and Italy, tumbled on the news. U.S. stocks erased pre-market gains while the euro fell against the dollar. Greek stocks fell 5 percent.

A compromise for a government to save the country proved elusive after the three biggest parties each failed to form a coalition last week and three additional rounds of talks mediated by the president proved fruitless.

The strain of days of wrangling showed on the five party leaders as they sat down to talks at the presidential mansion on Tuesday, with most wearing a dejected look. A tense meeting ensued, Greek media reported.

After barely two hours, the politicians threw in the towel. A spokesman for President Karolos Papoulias said a new election would be held, which is expected in mid-June. A caretaker government would be formed on Wednesday, the spokesman said.

You see how they give their all? You see how worried they are? If the entirely corrupt Greek government can’t make the trains run on time (or support the infrastructure) then the country is doomed.

How do we know this? The Greeks themselves say so:

“The country is finished,” said Panos Leonidas, 57, a travel agency employee. “From now on, you can only live here if you’re an animal.”

Conclusion: If the Greeks are finished, it is their ridiculous, bungling government that has finished. And courageous individual Greeks will have to start anew.

via The Daily Bell – Oh, the Horror! Greek Gov Collapses.

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A Constitutional Dollar — by Michael Rozeff

Are you aware that a Federal Reserve dollar bill is not a constitutional dollar? Perhaps you are, but if so, do you know what a constitutional dollar literally is? Is it gold? Is it silver? Is it both? What is actually meant by a metal standard? Can the United States or any country be on two standards at the same time? Can two metals circulate as coin if there is but one standard? Or does one metal have to drive the other out of circulation? How and why does Gresham’s law work when a country uses metal coin for money? In what ways are certain statements of Gresham’s law misleading?

Sooner or later, if and when the power of the Federal Reserve over money is revoked in a constitutional manner, and if and when constitutional coin comes back into use, these questions will need to be asked, answered, and understood. That is what this article does in a compact fashion.

In his meticulously researched two-volume work, Pieces of Eight, constitutional lawyer Edwin Vieira Jr. shows beyond any doubt that the constitutional dollar in the United States is an “historically determinate, fixed weight of fine silver.” The Coinage Act of 1792 is but one source among many that makes this evident, reading,

“the money of account of the United States shall be expressed in dollars or units … of the value [mass or weight] of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure … silver.

The United States has a legal and constitutional silver standard, although we would not know it today, since the government has illegally and unconstitutionally removed silver as currency and replaced it with the Federal Reserve notes that we know as dollar bills. The term “dollar bills” obscures the actual and tangible meaning of “dollar” as a specific weight of silver.

The United States has historically minted gold coins as well as silver coins, as the constitution instructed. It regulated their “value,” the weight of gold they contained, in order to bring the meaning of a gold dollar into conformity with the silver standard coin, which contains 371.25 grains of pure silver. This too was constitutionally mandated. The government did the same for foreign coins up until 1857.

The United States never was or could be constitutionally on a dual standard or a gold standard. It circulated silver and gold coins as media of exchange by adjusting the content of the gold dollar to a silver-standard dollar. For example, the Coinage Act of 1792 authorizes “Eagles — each to be of the value of ten dollars or units [i.e., of ten silver dollars], and to contain two hundred and forty-seven grains, and four eighths of a grain of pure … gold.” Since the dollar contained 371.25 grains of silver, this brought into legal equivalence 3712.5 grains of silver and 247.5 grains of gold. The ratio was 1:15. Continue reading

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Doug Wead The Blog

“We are absolutely not dropping out of this race! We are focusing our efforts squarely on winning delegates and party leadership positions at state conventions.”

– Jesse Benton, Campaign Chairman

Ron Paul announced today he would not be competing in the upcoming primary states, saying that he would focus, instead, on his delegate strategy.  A strategy that is working, by the way, and transforming the Republican Party.  It is something he has said many times since the February 11, 2012 caucus in Maine.

Only this time, the main stream media gave the announcement full attention and treated it like the end of his campaign.  Drudge ran it as a front page headline “Ron Paul is out.”

It is all evidence that Alfred Harmsworth’s famous quote that “news is not when a dog bites a man but, rather, when a man bites a dog” has now been offciaily turned on its head.

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Vaccine Bombshell: Baby Monkeys Given Standard Doses of Popular Vaccines Develop Autism Symptoms by Ethan A. Huff

If vaccines play absolutely no role in the development of childhood autism, a claim made by many medical authorities today, then why are some of the most popular vaccines commonly administered to children demonstrably causing autism in animal primates? This is the question many people are now asking after a recent study conducted by scientists at the University of Pittsburgh (UP) in Pennsylvania revealed that many of the infant monkeys given standard doses of childhood vaccines as part of the new research developed autism symptoms.

For their analysis, Laura Hewitson and her colleagues at UP conducted the type of proper safety research on typical childhood vaccination schedules that the U.S. Centers for Disease Control and Prevention (CDC) should have conducted – but never has – for such regimens. And what this brave team discovered was groundbreaking, as it completely deconstructs the mainstream myth that vaccines are safe and pose no risk of autism.

via Vaccine Bombshell: Baby Monkeys Given Standard Doses of Popular Vaccines Develop Autism Symptoms by Ethan A. Huff.

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Threw it on the Ground — I’m Not Part of Your System!!!

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Ron Paul wins majority of delegates from Maine GOP –

AUGUSTA, Maine — With Ron Paul forces in control, the Maine Republican Convention has elected a majority slate supporting the Texas congressman to the GOP national convention.

The names of 15 at-large delegates from Maine to the Tampa, Fla., convention were posted Sunday morning as the state convention entered its second day. Ron Paul supporters essentially took over the convention Saturday after electing a convention chairman. Maine has a total of 24 delegates.

via Ron Paul wins majority of delegates from Maine GOP –

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Delayed Umbilical Cord Clamping Part 2

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