RON PAUL 2012 END THE FED VIDEO

Personal Secession – The Way to Freedom

by Michael S. Rozeff

Michael Rozeff

Certain people and groups in California want to ban male circumcision, and they are getting measures placed on local ballots for voting.

In Louisiana, there is some sort of law about the teaching of the creation of man in the public schools that has people who dislike that law all riled up and seeking repeal.

Women in Egypt are bitterly divided between those who favor sharia law for Egypt and those who favor secular law.

The State of Arizona has a law that legalizes medical marijuana. The Governor is suing the State of Arizona against this law because it conflicts with federal law.

President Bush “launched missiles and bombs at targets in Iraq” in March of 2003, an action of which 25 percent of Americans disapproved at the time. That figure rose to 53 percent within 8 months.

What do the above items have in common?

They all involve laws approved of by some and disapproved of by others. In all cases, there are winners and losers. The winners get their favorite laws passed. The losers have to obey.

In all cases, the losers have no choice.

Is Greece the Future of America?

by Michael S. Rozeff

Greece has a sovereign debt problem. The bonds of the Greek government have been downgraded by a major rating service. Their prices have fallen sharply in the market. This means that the risk is high that the government will default on its sovereign debt.

Michael S. Rozeff

The government faces default. The government’s various spending cutbacks haven’t solved the problem.

They cannot solve the problem. It’s apparently too late. The government would have to restructure its debt by renegotiating with its multiple lenders. That’s a difficult and time-consuming process. It would have to work out repayment while simultaneously altering government policies so that the country’s private market economy could expand. This involves knotty political and economic issues that take years to resolve. The government doesn’t have this time.

The problem traces back to the earlier fact that for some years the government was able to borrow heavily at low interest rates. This means that it was able to sell its bonds at high prices. The problem arose because these market prices were too high.

The sovereign debt of Greece became overvalued due to central bank/banking system money inflation. This inflation, it should be strongly emphasized, originated in the fiat dollar system of the United States and the Federal Reserve.