Archive for the 'Economic Independence' Category

Gold Weirdness

Published August 18th, 2008 in Economic Independence. 0 Comments

Did you know that under President Anson Jones that the Texas dollars were backed by gold? Many people did not. In many ways, the Texas economy prior to its seizure was stable. The early years of the Republic saw some instability, but by the time that Jones was the chief executive, it had settled down. The stable currency made Texas a tempting nation ripe for seizure. Not only did we have a stable currency, our navy was the best in the western Gulf of Mexico. I was reminded of the stability of the Texas economy when I saw the story this morning that the U.S. Mint has suspended gold sales. In today’s economy one often has to look at what is being done rather than what is being said. Another oddity is that although gold is going for $798.00 oz, the US gold coins available for sale are going for $1119.95. (that’s about $300 over the price of gold). Since I was not born yesterday, it makes me wonder if the “real” price of gold is actually higher than what is being reported.

When we were independent, such things were not a concern. Our money was backed by gold. The economy was based on good common sense in those days.texas-50.jpgPS-This evening after meeting with a researcher concerning the Republic of Texas and its financial condition, I must make a correction. Texas money was NOT backed up by gold, the notes only said it was. Although President Jones had the most stable economy of all the Texas Presidents, and the money was at its soundest, it was not backed by gold, it just said it was. The backing of the money was the “good faith of the people of Texas and nothing else. In today’s economy, the US dollar is backed by good faith and nothing else as well.texas-50.jpg

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The empire: Punishing good works and rewarding evil

Published August 15th, 2008 in Economic Independence, Current Affairs and Political Well Being. 0 Comments

One of the goals of the League of the South is the preservation of economic independence. In light of this goal, it is concerning that the empire and its confiscatory tax rate on businesses is now 50% higher than the tax rates of other nations. The problem here is not the IRS, but rather the CONgress critters who continue wanting to sock it to businesses. They have forgotten that it is businesses that employ people and provide jobs. In their arrogant policy-making and greed for more revenue, they have put the nation on a course of continued out sourcing. Obama and McCain may talk all they want about this matter, but the fact is the tax rates in the empire on businesses are higher than other nations. Money, like the creek, wants to flow. When the government makes it difficult to flow, it moves elsewhere. SINator Carl Levin is continuing his campaign to find monies that he thinks belongs to the empire, no matter what bank it is located in. Levin believes that those”tens of billions of dollars are owed seized by Uncle Sam“. When those businessmen and entrepenurs earn their monies honestly, they do not belong to the empire. We have the tyrant Abraham Lincoln to thank for the mindset that income can be taxed.

The empire has not only enacted such stupid policies as above, but has also taken steps to subsidize further evil in the world. The empire is going to pay Lybia $2.7 BILLION in reparations for the attacks made on Lybia during the Reagan Presidency. Keep in mind that few nations have reimbursed the empire for expenses related to World War I, much less World War II debts, yet the empire under the present regime wants to pay reparations to Lybia! The regime decided it needed good relations with Lybia, and took the steps necessary to improve relations buy them off.  When the empire is taxing businesses at outrages rates and then uses those revenues to fund terrorist nations, it is wicked. Nations and governments are given the responsibility of promoting good works and punishing evil. The empire, punishes good works and rewards the evil works of Lybia.

Free Texas!

J Murrah

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The Imperial Senate and the 21st century Dred Scott

Published August 7th, 2008 in Economic Independence and Political Well Being. 0 Comments

If you do not believe that the United States is an empire, you may want to reconsider that belief. Law firms in Britain (although they use the term “United Kingdom”, it is only because they have occupied and forced Scotland and Wales into their Kingdom that the term is used. Since the people of Scotland want their soverignty returned, along with Wales, I use the term Britain, since it is technically a dis-United Kingdom) have issued warning of the impact of the empire’s crack down on offshore accounts. It seems that in the Imperial Senate’s efforts to claim all of the money earned by it’s subjects they will begin attacking the policies of other sovereign nations to obtain that property. This is not just a threat to the South and Southron culture, this is a threat to nations around th eglobe. Although the empire’s history books say Dred Scott is dead, the Imperial Senate is chasing down property/chattel around the world that they believe belongs to them. In the Dred Scott case, since a slave began his servitude in the South, he remained a slave even when he went into a free state. In a similar vein, since one was a subject of th empire, they belong to the empire, even when they are in the free state of another soverign jurisdiction. It does not matter that it is not in the empire’s jurisdiction, or thatth funds were not earned in the empire. If a subject made the money, the imperial Senate wants to claim it. Imperial Senator Carl Levin went so far as to use the term “economic warfare” in describing the situation. Although the law allows subjects to renounce their citizenship, they are not allowed to renounce the empire’s claims on their funds.

To me, when it walks like a duck and quacks like a duck, its a duck. When a government acts like an empire reaching into areas that are outside of its soverignty, and treats its subjects like chattel, it has become an empire.

FYI-Would it surprise anyone to find out that Carl Levin, who is leading this world-wide economic war is a Yankee from Michigan?  The Yankee hubris of viewing the south as inferior and seeing their position as inferior continues through another generation.

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Buy Southron

Published July 30th, 2008 in Food and Drink, Economic Independence and Political Well Being. 0 Comments

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Housing Bill is WORSE than imagined!

Published July 29th, 2008 in Economic Independence, Current Affairs and Political Well Being. 0 Comments

The Housing bailout bill currently moving through CONgress is worse than earlier imagined. I had mentioned earlier the reporting of business transaction to IRS. The dangers also include fingerprinting of many home lending industry. There is now even more transactions being reported to the IRS. The bill also removes any kind of Congressional oversight. The bill has effectively given the control of money from Congress to the Department of the Treasury (from the legislative to the executive branch). The Treasury will be extending the line of credit to the Fannie Mae/Freddie Mac bailout. The amount of debt that those organizations is phenomenal. Although the bailout was listed as 25 BILLION, the reality is that it is open ended. The bailout can go way beyond those numbers. By using the line of credit, the backing of the Yankee dollar is in jeapordy. The value is now tied to the paper (bonds) being held by Freddie Mac and Fannie Mae. What this means is that there is a giant sucking sound in Mordor that is being fed from the Treasury feed trough.  More transaction information will be reported to the IRS. This all translates to further devaluing of the currency without any change of policy in sight. With growing numbers of people loosing their homes, they are also loosing their life savings and investments. Since many people put all their nest egg in their home, loosing it means they have lost all they have worked for, and the dollars they have saved are purchasing less each passing day. Whether one uses the Weimar Republic or Zimbabwe as a comparison point for the direction that the empire is headed, the decreasing value of the dollar, unrestrained spending of the government and increasing debt is not a good combination. The Yankee financial empire is imploding! Prices will increase and continue doing so until serious changes are made. Besides the bail out, there are also provisions from groups like ACORN that use tax dollars to underwrite community housing projects and ‘housing counseling’. The bill makes some of the funds for these pet projects ‘off budget’, so as to allow the spending without the accountability. ACORN has a history of fraud and misusing funds, and with the new bill, they are given MORE money to misuse. Only CONgress can reward incompetence and irresponsibility with more incompetence and funding. The way the bill is written, ACORN receives from the government a little over $400 for each $100,00.00 of a housing loan underwritten by Freddie or Fannie.

If that is not bad enough, CONgress has allowed these organizations to make loans that are guaranteed by the ‘good faith’ of the nation. In other words, they are writing checks that we are responsible for.  So when they make loans to uncreditworthy people, guess who has to make up for it?

CONgress has plotted a course for economic shipwreck on this one.  The Yankee dollar has been given the kiss of death.

Free Texas!

J Murrah

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Seizures and questions

Published July 28th, 2008 in Economic Independence and Current Affairs. 0 Comments

Friday afternoon, the feds seized two more banks. The increase in bank seizures, failures and runs are a sure sign of economic difficulties that we are in. The Huffington Post connects the dots and calls it a depression. The situation is made worse when politicians do not want us talking about the Fannie Mae/Freddie Mac bailout, which the Senate approved. An interesting twist occurred in Florida, where a private group was threatening a bank seizure.A federal judge stepped in and issued an injunction to prevent the seizure of private assets. It seems that in the bank seizure business, the feds do not want any competition. Any way one decides to look at the banking and housing industries are going through tough times. Texas saw many bank seizures in the 1980’s related to the oil bust. It was out of those seizures, that a formula known as the “Texas Ratio” occurred.

(The Texas ratio is calculated by dividing the institution’s bad and delinquent loans by its cash on hand plus money set aside to cover loans that go bad. When the ration is 100 or higher, it means a bank is in deep financial distress. IndyMac’s recent Texas ratio was 116.)

Free Texas!

J Murrah

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Clothianidin-A poison you likely never heard of.

Published July 23rd, 2008 in Food and Drink, Economic Independence and Current Affairs. 0 Comments

It looks like agrarian living beats out progressivism again! In the latest news, the mystery of the massive bee die off has been solved. It seems that the culprit is a nuerotoxin fertilizer manufactured by Bayer. Similar die offs have occurred in Germany and France. The culprit is not overpopulation or ‘Mother Earth’ taking revenge, but rather the large industrial corporation forcing its poisonous product on the people.

The culprit is Clothianidin. What is the empires attitude toward this substance? It has established acceptable levels, labeled it a ‘not likely to cause cancer’ since it does not attack a specific organ of the body. It is presently used in sugar beet production. There have been protests in Germany over its use, although here in the empire, little is heard of the substance. This could become a larger issue, in that the substance is also used in treating sweet corn. With all the interest in corn lately, especially with the ethanol, this presents a problem. Does one grow massive amounts of healthy corn to put in their cars or kill off the bees. Of course the corn farmers want more corn use. We need some sanity in dealing with such issues. We need the bees more than we need ethanol. Greed does strange things to people, including making poor choices concerning healthy living.

Free Texas!

J Murrah

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CONgress and oil: A dangerous combination

Published July 21st, 2008 in Economic Independence and Current Affairs. 0 Comments

It is no wonder that the CONgressional approval ratings are so low

(9%) . In the latest debacle, some in CONgress are considering increasing taxes on gasoline. Instead of developing the oil reserves in existence, they want to punish the tax payer further. While considering the tax increase, Nancy Peolosi and her California bunch are stuanchly opposed to offshore drilling. Son instead of only inconvenincing people in California, they make the whole nation increase the burdens. She and her democratic co-conspirators have blocked attempts at opening drilling in ANWR (Alaska National Wildlife Refuge) as well. Instead of allowing drilling, her answer is to push the regime to open the Strategic Petroleaum Reserves. She considers ANWR a hoax and claims it would do little to help. This is the same CONgress where Maxine Watters (from California-no surprise there)  has suggested nationalizing (stealing) the oil companies.

The actions of a Pelosi-led CONgress needs to be remembered when Novemeber rolls around. The hired help is making some bad choices.

The answer is NOT making government bigger through nationalising the oil industry. The answer is not tapping into the strategic oil reserves (that is only for symptom relief).

We need a dollar that is backed by substance. That would stabilize the economy and oil prices, along with preventing CONgress from printing it whenever they want to .We need to allow the free market to determine oil, we need to develop our resources rather than bailing out the rest of the world. We need States that can stand up to the Federal juggernaut and say NO.

Free Texas!

J Murrah

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Government fixing government

Published July 16th, 2008 in Economic Independence, Culture and Political Well Being. 0 Comments

The government is attempting to regulate its way out of a mess it created. The SEC (Securities and Exchange Commission) is implementing emergency rule against ’short selling‘  on certain firms. The new rule may last up to 30 days or longer. If you are not a stock broker, this amounts to a restriction on limits as to what you can buy and sell in the stock market. If it is one of the 19 selected firms (which are mortgage-based) you have had your financial freedoms curtailed. Government has stepped in to join big business in a typical fascist manner rather than let the free market run its course.You have just lost more freedom.

The government fails to recognize it created the mess by mandating that morgage companies make loans to people who were not credit worthy in the first place. They created the mess, and their idea of a way out is MORE regulations.

In another story of how government is creating its own problems, Houston has been granted federal funds to study pollution at the Houston Ship Channel.  This is insane! The Port of Houston had to comply with EPA studies and the US Army Department of Engineering pollution guidelines in order to recently construct the Bayport terminal. Although an environmental impact statement was issued, the Port of Houston has yet to comply with the promised items they would complete. Did they cut some corners? Has the port just suddenly produced pollution? Many of the studies were delayed or put on hold so that the port could build its massive playpen, despite the data which shows the massive amounts of pollution it would create. Your tax dollars are now being spent to monitor what your tax dollars should have monitored in the first place. Had the government agencies done their job, and not cut corners, then they would not need to monitor the pollution after the fact. I guess the Chinese investors did not want to wait on the project, or those CONgress critters involved just turned a blind eye to what was happening.  Is is by chance that CONgress critter Tom Delay raised questions about the location of the facility before big bucks were sent in to have Nick Lamson be CONgress Critter instead? Gene Green , Peter King and Nick Lampson have been out on tours to the facility and they didn’t see any pollution! (ha ha)  This is just another installment of how Big centralized government is the problem, not the solution!

Free Texas !

J Murrah

PS. The certain firm list is in!

Take a look see at who they are protecting.

Company Ticker Symbol(s)

BNP Paribas Securities Corp. BNPQF or BNPQY

Bank of America Corporation BAC

Barclays PLC BCS

Citigroup Inc. C

Credit Suisse Group CS

Daiwa Securities Group Inc. DSECY

Deutsche Bank Group AG DB

Allianz SE AZ

Goldman, Sachs Group Inc GS

Royal Bank ADS RBS

HSBC Holdings PLC ADS HBC and HSI

J. P. Morgan Chase & Co. JPM

Lehman Brothers Holdings Inc. LEH

Merrill Lynch & Co., Inc. MER

Mizuho Financial Group, Inc. MFG

Morgan Stanley MS

UBS AG UBS

Freddie Mac FRE

Fannie Mae FNM

 

There’s a lot of ferign’ banks in there.  Within days of this announcement, UBS announced that isno longer going to offer Swiss bank accounts to Americans.Coincidence? or pay-off? You decide. What would motivate a bank to turn away customers? It seems that CONgress is taking away financial freedoms for its subjects as fast as they can legislate.

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Government now THE major landowner!

Published July 14th, 2008 in Economic Independence and Political Well Being. 0 Comments

It is Bastille Day in France. Happy Bastille Day to France! We can learn from the French who have managed to retain some of their culture in the polyglot mess of multi-culturalism that we are faced with on a daily basis. Although England has surrendered to Sharai law, the French have not sold out. As the French celebrate a day when the people rose up and took over the government, here in the empire, the government is taking over more of the land.

The Federal government already owns 1/3 of the land in the empire. Now with the Feds taking over Indy Mac along with Freddie Mae and Fannie Mae, they now own not only a great deal of the land, but now also many of the homes.  Think through this with me. They owned 1/3 and now the government is taking over the companies that provide over 1/2 of the mortagages to the citizens. This is a massive land/property grab. With my math, that puts their ownership at almost 2/3 of the nation’s land. This is a massive amount of land. Once their ownership is solidified, then the people become serfs both litterally and figuratively.

The idea of becoming serfs is repulsive to the American ideals of the founding fathers. With the government in hock, what will they use for collateral?

In another thought provoking article,  Ellen Brown suggests that the sub-prime crisis may be more about banks taking action to avoid being sued than about lawsuits. One aspect of bankruptcies is that it provides protection from law suits. The crisis is a way for banks to unload bad paper and avoid lawsuits for taking the bad paper in the first place.

Free Texas!

J Murrah

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