Archive for the 'federal reserve' Category

June 2020 was another eventful month most notably because the radical left-wing and fascists jumped the shark by utilizing the claim of systemic racism to, not only attempt to unseat President Trump, but to essentially tear down America as we know it.

Out with reason, conversations and debate! In with virtue signaling, wokeness and censoring anyone who dares to have an opinion outside the 3x5 card of allowable opinion!

Show Notes

Keith Ellison Elevating Charges on Derek Chauvin Charging Other Officers in George Floyd's Death

Minneapolis Police Rendered 44 People Unconscious with Neck Restraints in Last Five Years

Seattle Protests Armed Guards Local Business Extortion

Class Action Lawsuit Filed Against Seattle Mayor and Governor Inslee over CHOP

Watch Live Barack Obama to Discuss Police Violence in Online Town Hall

Supreme Court Adds Transgender to Sex Discrimination

Bostock v. Clayton County

U.S.. Supreme Court Strikes Down Louisiana Abortion Clinic Restrictions

We Rig the Game: Facebook Whistleblower Reveals Bias Against Conservatives; Latest Project Veritas

BET Founder Says Black People Laugh at White People Toppling Statues

Rod Rosenstein Admits I'm Not Surre I Read Every Word of FISA Application

Drew Brees Apologizes for Insensitive Comments About Anthem Protests

Trump Tulsa Oklahoma Rally

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We covered a lot of ground in the first 100 episodes - the Constitution, economics, abortion, social issues, healthcare, socialism and Christian apologetics to name a few. In this episode, I take a brief look at some of the myths we busted and review lessons learned.

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Despite the fact that April 2020 was dominated by the Coronavirus - shelter-in-place orders, social distancing, mask-wearing, economy-killing, stimulus spending and daily news conferences with the White House Coronavirus task force, there were a number of other noteworthy news items.

Show Notes

Drug Overdose, Head Trauma Deaths Added to Coronavirus Death Toll 

Fauci Admits U.S. was Given Incorrect Information 

Real COVID-19 Mortality Rate 25-60x Less

Over 30 Million Americans Have Lost Their Jobs in the Last Six Weeks 

Fed's Balance Sheet Skyrockets

Biden Sexual Assault Accuser Files Criminal Complaint Report

Biden Accuser Tara Reade's Mother Called Larry King CNN Program to Discuss Allegations

CNN Clip of Biden's Accuser's Mother Calling Larry King Vanishes from GooglePlay Catalog

Tara Reade's Former Neighbor Says They Discussed Alleged Biden Sex Assault in the Mid-1990's

Top Female Democrats Calling Biden Accuser a Liar

Fed Can't Print Gold BofA Calls Gold Ultimate Store of Value, Raises Price Target to $3,000

The World Health Organization's Swedish Flip Flop

Full Explanation Behind Oil's Unprecendented Negative Price

Two Weeks Later Most Small Businesses Still Haven't Gotten PPP Bailout Money

Small Business Owners Sue Wells Fargo, JP Morgan Over Virus Loan Debacle

Stimulus Intended to Help Coronavirus Ravaged Small Business Instead Rewarding Hedge Funds and Brokerages

Alexandria Ocasio Cortez and Jerry Nadler Want Four Billion Coronavirus Funding for Museums

Trump Suspends Immigration

Inject Disinfectant: Trump's Medical Claims Baffle National Experts

Don't Close Razor: Flynn FBI Setup Continue to Unravel

Something Seems Rotten in Flynn's Case

Small Business Bailout Demand So High SBA Portal Crashes Four Minutes After Second Round

Truth Quest Podcast

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In America, we do not have definitional socialism where the government owns the means of production BUT we sure as hell have a bunch of socialistic tendencies, leanings, agencies and programs. In this episode, we examine the question, "Just how far toward socialism does America currently lean?"

Show Notes

The Future of Freedom Foundation

Mises.org

Truth Quest Podcast Episodes

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In the last episode, we covered some of the lighter side issues like the importance of slowing down, enjoying our families, nature and the simple things in life. We also discussed the impact the crisis will have on future attendance at traditional four-year colleges and the continued failings of socialized medical systems.

Today we are going to look at this topic more from a public policy and economics’ perspective. We examine why the United States' federal government and all centralized political bodies are too big to succeed. In the shadow of the Coronavirus crisis, we look at the dramatic need for deregulation at all levels of government.

We end the episode with an examination of the crisis from a constitutional and economic angle: fiat currency, the importance of savings, and the stock market bubble pricked by the Coronavirus.

Show Notes:

Timeline: The Regulations—and Regulators—That Delayed Coronavirus Testing 

U.S. Needs Billions of New Masks to Combat Coronavirus. Feds Say It'll Take Up To 90 Days to Approve New Mask-Making Facilities. 

Critical Medical Supply Shortage: The Moment US Woke Up To Disaster Of Always Outsourcing To China 

The 4 Key Reasons the U.S. Is So Behind on Coronavirus Testing 

Small Regulatory Reforms That Can Help People During the COVID Pandemic 

COVID-19 Exposes Americans' Financial Irresponsibility 

Only One Way Out of the Coronavirus Crisis 

Republicans Want You to Be Terrified of Ebola—So You'll Vote for Them

Daniel J. Mitchell:

 Truth Quest Podcast

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Wow! What a month it was! Obviously the Coronavirus is the only thing anyone can think or talk about. Listen for a recap of the month that was - - March 2020.

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In Episode #87, I introduced you to the concept of secession. We reviewed current and past secession movements and offered three reasons it is necessary AND good - decentralization, self-determination and competition. In this episode, I discuss the fourth reason secession is desirable - the idea that smaller is better. After that, we will discuss how secession is justified and I will do my best to dispel the most common objections to the concept of secession.

Show Notes:

American Secession: The Looming Threat of a National Breakup, F.H. Buckley

Mises Institute:

Tom Woods Podcast:

The Brion McClanhan Show:

Secession is for Morons

Secession is a Solution for Deep Political Division

Ron Paul: Thoughts on Secession

Credit Suisse: The Success of Small Countries

Greater Idaho Conservatives Oregon want 22 Rural Counties Secede and Become Part Idaho

Truth Quest Podcast:

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The “S” word - secession - seems to be brought up with more and more frequency lately. Most recently we have seen counties in rural Virginia exploring the possibility of seceding from the state and joining West Virginia. We are seeing similar movements in Northern California and rural counties in Oregon. While those are wonderful developments, the larger question regarding secession is the idea of entire states seceding from the United States and essentially establish their own nation.

The idea of state secession picks up steam with every passing year as the federal government - the Executive, Legislative and Judicial branches AND the federal bureaucracy - continues to enlarge its power base well beyond its enumerated powers in the Constitution.

In this episode, I will introduce you to the concept of secession, discuss some of the current and past secession movements and walk you through three reasons why secession is not only desirable but necessary. In Episode #88 we will discuss how secession is justified and rebut most of the arguments against it.

Show Notes:

American Secession: The Looming Threat of a National Breakup, F.H. Buckley

Mises Institute:

Tom Woods Podcast:

The Brion McClanhan Show:

Secession is for Morons

Secession is a Solution for Deep Political Division

Ron Paul: Thoughts on Secession

Credit Suisse: The Success of Small Countries

Greater Idaho Conservatives Oregon want 22 Rural Counties Secede and Become Part Idaho

Truth Quest Podcast:

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You are likely familiar with the caricature of capitalism. You know the one - capitalism is some nefarious monster that does nothing but squash the little guy like bugs while the billionaires laugh, smoke cigars and sip the finest cognac.

The criticisms of capitalism are well-known. Capitalism is based on greed and selfishness. It is immoral. It exploits workers. It is a zero sum game. Under capitalism, giant corporations have too much power. And capitalism is based on competition rather than cooperation.

But have you ever examined these claims in any detail? Have you ever considered the alternatives to capitalism?

Show Notes

Only Capitalism Will Save Millenials

Freedom of Choice is What Sets Capitalism Apart, Not Competition 

Anti-Capitalism: Trendy But Wrong

Why Socialism Failed

Capitalism Wins

The Immorality of Socialism

PragerU

Truth Quest Podcast Episodes

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The video of this episode is available on The Truth Quest Podcast YouTube Channel, BitChute, and Brighteon.

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Welcome to the inaugural Truth Quest Podcast month in review. In this short episode, we walk through the biggest news items from last month, September 2019.

Show Notes

Truth Quest podcasts:

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Most people are aware of inflation. They expect the cost of products and services to go up every year. What these same people may not be aware of is the fact that this perpetual inflation is completely unnecessary.

If the United States had a sound money policy, meaning the U.S. Dollar was pegged to gold (on a gold standard) most of the angst around monetary policy, interest rates, the national debt, out of control government spending, inverted yield curve, negative interest rates, and cryptocurrencies would be nothing but noise.

In this episode we examine the history of a gold standard. We scrutinize actions taken by FDR, Nixon, the Federal Reserve and their impact on the worldwide economy. The bottom line is, because the gold standard constrains the spending of our overlords in Washington, D.C., they will never willingly revert back to that standard. Unfortunately the United States is in for a rude awakening as other countries have started accumulating gold reserves as a way to diversify away from the U.S. Dollar's reserve currency status.

Show Notes:

Think Bitcoin is the New Gold 2.0 - Think Again

The Gold Standard 

Your Move Gold Critics, Please Explain What Money Is

In Dismissing the Gold Standard, John Cochrane Channels Tina Fey

Central Banks of Gold Buying Spree Over Dollar Worries

Central Banks are Buying Gold Fastest Pace in Six Years

Russia, China Continue Massive Substitution of Dollar Assets into Gold

In Money We Trust: Documentary

Funding the Monster State: FDR, Nixon versus the Gold Standard

Alan Greenspan: Ron Paul Was Right About the Gold Standard

Ron Paul's Appearance on Judge Napolitano's Fox Show 

Truth Quest Podcast Episodes:

APMEX: Buy Gold and Siver

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I don't know about you but sometimes I get tired of discussing all the areas where we disagree politically or on public policy issues. In this episode I attempt to focus on things that most of us agree on such as government spending, right-to-try laws, the surveillance state, sound money, war, tort reform, term limits, the War on Drugs and the War on Poverty.

Does it not make sense to first focus on the few things in which we agree and then circle back to the numerous head-butting issues that divide us?

Show Notes:

Little Public Support for Reductions in Federal Spending

Will Trump's Backing Revive Moribund Term Limits Movement?

Study Shows Police Lying about Asset Forfeiture

Poverty in the U.S. Was Plummeting—Until Lyndon Johnson Declared War On It

Truth Quest Podcast Episodes:

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The video of this episode is available on YouTube, Thinkspot, Brighteon.com and BitChute.com.

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Facebook’s recent congressional testimony before the House Financial Services Committee regarding their proposed cryptocurrency, Libra, caught my attention. It got me wondering: where in the Constitution does it grant the federal government the power to regulate a cryptocurrency or a social media platform? I posed that question on the Truth Quest Facebook Fan Page and immediately started researching this episode.

The truth is that cryptocurrencies in general and the Libra specifically pose a threat to many entities - central banks, power hungry government officials, and too-big-to-fail banks.

In this episode I explain what Libra is and examine the threat posed by it and other cryptocurrencies. Along the way we discuss the benefits of cryptocurrencies, congressional overreach, sound money, central banks and the concept of private money.

Show Notes:

Libra White Paper

Libra House Hearing

G7 Urges Strict Libra Regime, Eyes Minimum Tax

Alternative Currencies Such as Bitcoin are a Valuable Insurance Policy Against Feckless Government

Does Libra Threaten Monetary Sovereignty?

Fee.org

Mises.org

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In the last two episodes, I introduced or re-introduced you to The Federalist Papers and discussed some of the checks and balances in the Constitution - the legislative and executive branches of government. Today we are going to discuss, as Paul Harvey used to say, “The rest of the story!” – the Judicial branch, States Rights, taxation, the military, and a brief look at the Necessary and Proper and Supremacy clauses of the Constitution. 

Show Notes: 

Truth Quest Podcast Episodes:

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With the current state of the Democratic Party and their push for socialism, I felt compelled to record this episode knowing this is going to be a long road between now and the 2020 election. This information needs to be available to counter their message of disdain for the wealthy, free stuff, greed, and resentment.

In this episode we discuss the lack of socialist society success stories, the immorality of socialism, Democratic Socialism, socialistic incrementalism in America, and we examine how socialism violates both economic and natural laws.

Show Notes:

Daniel J. Mitchell

PragerU

Venezuela's Maduro Admits Socialism Has Failed

Frozen in Time Havana Looks to Put a Modern Stamp on Its 500-Year History

Soho Forum: Socialism vs. Capitalism: A Debate with Jacobin Magazine

Why Socialism Failed

Mises.org

John Stossel - Venezuela is Socialism

Tom Wood's Episodes

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In the previous episode, #27 The Truth About the Federal Reserve – An Introduction, I laid the groundwork for this episode. So now that you know what the Fed is, why it was created and how it creates money, let’s look at the results of the last 100+ years since this monstrosity was created.

We will discuss the constitutionality of the Fed, how it creates inflation, its impact on savers and people on fixed incomes, malinvestment, bailouts, how it funds the welfare and warfare state, the gold standard, and I conclude the episode with a side-by-side comparison of the current monetary system dominated by the Fed with one without it.

Show Notes:

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I read and hear a lot about how bad the Federal Reserve is for America. The cries for “Audit the Fed” continue to grow louder. Inherently I understand that government intervention always causes market distortions but trying to explain how the Federal Reserve detrimentally impacts the economy at a level that the average person can understand has proved daunting. But I am going to give it a shot in this episode and the next one.

In this episode I am going to introduce you to the Federal Reserve – explain what it is, why and how it was created and explain how it creates money.

Episode #28 will be spent looking at the Fed's record over the 100+ years of its existence and argue why it should be abolished.

Show Notes:

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The video of this episode is available at YouTube, Thinkspot, Brighteon.com and on BitChute.com.

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Do you ever question the amount of time and energy spent fretting about the politics coming out of Washington D.C.? The Founding Fathers never thought that the average American would spend much time pondering the goings-on in D.C. After all, the federal government's power was constitutionally restricted. In this brief episode, I suggest an alternative to our seemingly unending focus on all things D.C.

Show Notes:

The Truth Quest Podcast Patron Page

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This episode is available on Thinkspot and YouTube.

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