Gov't says "Beware of Scams"
Director, David Stockman, sounds off on the Trump years, particularly
criticizing "....the TV networks and print organs of the mainstream
stenographers club, who peddle the state’s propaganda and call it news.
This most especially includes the masters of mendacity at CNN, the New
York Times, and the Washington Post." ORANGE MAN GONE
Our grandmother called the telephone "The Devil's Trumpet." She was
born in the 19th century before Graham Bell had the kinks worked out of
the instrument and, in her youth, decided it was a device for
delivering bad news or ringing for you when you were least prepared to
stop whatever you were doing to answer it.
Her view cross out mind recently when examining a mailing piece from
the Social Security Administration that warned the recipient to "Beware
of Scams." Con artists are busy pestering people via telephone
warning them their Social Security number has been used for some
malicious purpose and instructs the answerer to "press 1" for further
information." The government apparently is too busy with politics
to mount an effort to trace and trap some of these robo-call pests. The
best it can do is print a warning about the scam. Ripoff
robo-calls are are accepted as one of life's little irritations about
little can be done.
As Frank Chodorov remarked many years ago,
(see quote upper left) we have become a nation of panhandlers.
Even legitimate robo-calls, such as the ones "raising funds for police,
firefighters, military veterans," etc., fail the bright light of close
investigation. Besides, where is it written that we must pay for
a telephone service and be beseiged by unwanted sales pitches from
And what about those calls from people
with foreign accents pretending to represent some medical agency that
recommends you for a back brace?
"Mainstream stenographers club"? That's a good
one. Thanks to the Internet and social media, "news" and commentary are
easily available. TV outlets are famous for showing screen shots of
"tweets" and other texts. And what would network and local TV do
without those over-repeated jiggly video scenes recorded on amateur
Speaking of jiggly video scenes, what has got
into video advertising producers? We and the Missus usually mute
video ads because they force us into guessing games for which we have
no time. Micro-second scenes flash by too fast to comprehed. How
does a 10th of a second glance at speeding cars actually SELL cars?
They may promote reckless driving but they certainly don't convey sales
messsages. And the SOUND effects! Someone has decided that noisy music
and swooshing sounds must accompany every word an announcer speaks.
Mature viewers with hearing deficiencies are at a severe disadvantage.
We remember the days when radio announcers were
requested to "add recorded music behind their spoken announcements." It
was thought to enhance the presentation. (1940s.) The era of the disc
jockey had come into being and wall-to-wall music was thought to
attract audienes, especially motorists. But the beat of rock and roll
had not yet dominated popular music and the twang of guitars and the
beat of drums was not common on dominant AM radio. It was also an era
when large Webster's dictionaries were available to staff. Announcers
were urged to consult them when in doubt.
The pace of life and noise surrounding it seemed
more peaceful in those days. Could the racket of modern life be
affecting the average population? Does loudness truly improve the
efficiency or audio/video advertising?
U.S. citizens could not
own gold coins or gold-backed paper
currency from 1934 to late 1975.
Citizens went along with the silly idea
with barely a whimper.
Ford signed the bill allowing Americans to own gold again
in September, 1975. A wide selection of gold (and silver) bullion
coins is available from mints all over the world. The one ounce
U.S. gold bullion coin is legal tender in the amount of $50.00.
Should you try to pay taxes with this gold coin or deposit it in your
bank accoout you would be credited with fifty dollars - not the market value of the gold.
The call-in of
circulating gold in the early 1930s was not "confiscation" in the
strict meaning of the word. Each ounce was paid for at the going rate of
$20.67 per troy ounce. Silver
coins remained in the pockets of the people and as well as backing for
paper silver certificates. Silver was not pulled from circulation
until the mid 1960s. By 1971 the U.S. cut the last tie too
precious metal backing of currency. Anyone owning certificates or
notes promising redeemability in gold or silver is out of luck.
The U.S. had melted its gold
coins in the 1930s
and much of it was stowed in vaults at Fort Knox in Kentucky. The
government had repriced a troy ounce of gold from $20.67 to $35.00
thereby reducing the value of the gold backed paper dollar by nearly 40
percent. A windfall for the government. But U.S. bullion gold coins
were not to be had. In the mid '70s South Africa had
been minting bullion gold since 1967 and its Kruggerands, containing a
troy ounce of gold, had been in high demand around the world. We recall
having to pay something over $400 in the 1970s for one at a local
and tucking it away in the sock drawer. We still have it,
although it resides now in a safer place than a common bureau drawer.
Last we looked a gold Krugerrand containing a troy ounce of the yellow
metal retailed at more than $2,300!
A good illustration, we
think, of the power of precious metal money to convey value (purchasing
power) over long stretches of time. Its relative scarcity and
durability gives it value, which is why it served successfully as money
for so long. Silver is far more plentiful than gold which is why its
dollar value is so low in comparison. The ratio of silver to gold in
the earth's crust is about 15 to 1.
about six months before the great crash of 1929.
We thought we'd leave the planet
before another one. But. . .
Maybe not. Our luck in health matters seems to run hot and
cold. We must wait to see what fate delivers.
In the meantime we ponder the fractious
news of the day trying to plot a secure path to the end of life's
In the 1970s when inflation was raging
in the American economy we had the good fortune to fall in with a group
of scholars who ran a group called The Committee for Monetary Research
and Education. This gave us the opportunity to meet and interview
the likes of Dr. Henry Hazlitt, Don Kemmerer (whose dad was the famous
"Money Doctor" of the early 20th century fixing the failed currencies
nations like Argentina), Ed Vieria, and many other economists who
believed monetary inflation was a terrible mistake. When we asked
Dr. Hazlitt what to do about it he said, "Balance the federal budget at
the earliest possible moment." Of course that never happened.
Each March a large group of us would
meet for three days at the Harriman mansion north of New York City (it
had been deeded to Columbia University and sat on a mountain top at
Harriman, NY.) The general concensus was that the U.S. made a
major mistake abandoning gold-backed money in March, 1933, and in doing
so opened the door to fiat money and the onset of expanded central
government usually attracted to the sociealist style of governance.
Our old CMRE comrades are now retired or
dead. In the 50 years since the organization was founded we have
acqired most of their publications and peruse them often looking for
errors in theory. We can't find many so we'll keep plugging their
call for a return to sound money as long as we're able. (CMRE HISTORY)
P.S. If you invested in bitcoin when it reached $40,000 you may be
disappointed today to note the price has dropped nearly $3,400 as of
This is not the trend cryptocurrency promoters were hoping for.
An argument favoring
a debate on sound money.
A small fraction of the
population prefers a return to honest
The voting majority, however, is gung
ho for debt-based currency.