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How the Money Power spawns Libertarians

by on March 3, 2012

It was not just the money, but also their strategy: the spawning of myriad ‘independent’ Libertarian organizations. This is exactly the same strategy employed by their dialectical evil twin, Communism.”

“They are buying Libertarian adherents just like they bought Hitler’s Brownshirts —  for beer and bratwursts.”

Libertarianism and Austrianism co opt opposition to the current monetary system and deflect attention from the real opposition and the real solution.”

by Anthony Migchels for Henry Makow

Hundreds of millions if not billions are poured into Libertarianism and Austrian Economics each year. The usual suspects are the paymasters. The money is used to ‘to litter the world with free-market think-tanks’. Their impact has been enormous.

As we saw in ‘Proof Libertarianism is an Illuminati Ploy‘, the Volker Fund was responsible for bringing Austrian Economics to the United States. It created the Libertarian/Austrian Economics movement out of nothing. It was not just the money, but also their strategy: the spawning of myriad ‘independent’ Libertarian organizations. This is the same strategy employed by their dialectical evil twin, Communism.

For example, the Volker Fund birthed the Institute of Humane Studies, National Book Foundation, Foundation for Economic Education and the Intercollegiate Studies institute.

These organizations themselves continued on this path. According to John Blundell, Atlas’ president (1987 to 1990) the mission is, “to litter the world with free-market think-tanks”. It claims to network 400 think tanks furthering Libertarian causes worldwide.

Atlas Foundation was created by Antony Fisher, who had already founded the previously mentioned Institute of Economic Affairs in London, but also the influential Fraser Institute, Manhattan Institute and the Pacific Research Institute.

Youth is not forgotten. There are the Students for Liberty, The Intercollegiate Studies Institute, Young Americans for Liberty etc. Helpful documents are on-line to help ambitious young students found their own independent Libertarian organizations on campus. The Atlas Foundation will typically give them $10,000 to start up.

Most of these organizations protect the privacy of their sponsors. This does not suggest broad base grassroots funding. They obtain about 40% from well endowed foundations, 30 percent from wealthy individuals, 20 percent from corporations and 10% others. Most are not too enthusiastic about Government funding. However, many of them are state sanctioned, tax exempt foundations.

As said, it is difficult to list many organizational budgets, but some data is available. Cato Institute’s income over 2008, for instance, was $24 million.

The Ludwig von Mises Institute owned $17,700,000 in assets in 2007. Including more than four million in US Treasuries, by the way.

Atlas had $2.8 million in assets in 2010, $4.5 in 2009. Fraser institute reported a $6 million income in 2003.

Competitive Enterprise Institute had revenues of $3.7 million in 2007. It paid its board members   $208,935, $132,152 and $104,974 respectively. So it’s clearly not just ideological fervor that drives these people. They are buying adherents just like they bought Hitler’s Brownshirts — for beer and a bratwurst.

Corporations often sponsor Libertarian causes for more direct tactical reasons. Big Tobacco buys opposition against Government regulation of Tobacco, Big Oil buys opposition against the Anthropogenic Global Warming lobby.

They’re the usual suspects. Cato for instance, receives money from Wal-Mart, ExxonMobil, Microsoft, Time Warner and many others.

The following trust funds do the heavy lifting in Libertarian Financing. The Koch Brothers, first and foremost. Through their Charles G. Koch Charitable Foundation, Claude R. Lambe Charitable Foundation and Koch Family Foundations they have funneled about $250 million to Libertarian causes between 1998 and 2008, according to Forbes.

The Koch Brother really are the linch pin between the Volker Fund and the modern age. A hotbed of their agitation is George Mason University, with the Mercatus center hosting no less than 40 other libertarian organizations.

The Earhart Foundation, with total assets of $62 million in 2008 also comes to mind, as does the John Templeton Foundation, giving away $70 million per year, millions of which going to Libertarian causes.

But there are also the well known billionaires, like Peter Thiel giving Paul $900,000, but recently also $1.25 million for Libertarian Islands in international waters.

All in all hundreds of millions are poured into Libertarianism and Austrian Economics every year.

These activities manipulate the discourse and spread flawed ideology. This is a clear mind control operation in the best tradition of the Money Power.

These fronts suggest a ‘grassroots movement’ when they are instigated and funded by many extremely wealthy individuals and organizations.

Of course, the same case can be made about the Left, including the ultra left. Georges Soros comes to mind. It is the Cabalist dialectic.

“Essentially, two seemingly opposed forces advance the same goal: a world police state governed by an oligarchy of billionaire Satanists.”  (The Satanic Core of Libertarianism)

Look behind the window display, and we see the smarmy Illuminati banker.

Libertarianism and Austrianism co opt opposition to the current monetary system and deflect attention from the real opposition and the real solution.

It deflects attention from the American populist , and the American Dream of true freedom from the oppression by the European Banking Houses. Americans went to war to end taxation in Gold and the destruction of their own paper based currencies.

That’s why the subversion of the Truth Movement by Austrian Economics as the program for monetary reform is so worrying.

Austrian Economics was willfully invented, or at any rate made important, to obscure the truth about money. It is there to lead the people awakening from the Fractional Reserve Banking hoax into a blind alley, by saying the problem will be solved by full reserve Gold Banking.

And that’s why all these billions that have been invested over the years in Libertarianism and Austrian Economics deliver such a wonderful return for the Money Power today.

Previously in this series:
Proof Libertarianism is an Illuminati Ploy
The “Catholic Arm” of Libertarianism
The Satanist Core of Libertarianism

Recommended reading:
The Inflation vs. Deflation Dialectic

Gary North’s Bluff: the Lie he’s been sitting on for 50 years

Note on The Daily Bell web site, an example of these popular “front” style groups —

The Daily Bell is founded by Anthony Wile.

“Anthony Wile was born in Bridgewater, Nova Scotia, Canada, in 1968. Wile graduated from Saint Mary’s University (SMU) with a degree in business in 1991. Wile worked in the Canadian investment industry with Scotia McLeod (Bank of Nova Scotia) and Nesbitt Burns (Bank of Montreal). In 1994 Anthony Wile was made a Fellow of the Canadian Securities Institute, which is a designation awarded to financial services professionals who attain advanced education and experience in the Canadian securities industry. Following his career in the mainstream Canadian securities industry, Wile co-founded a Bahamian-based offshore brokerage firm specializing in private asset management. The firm launched several funds, including a venture capital fund of which Wile was the manager. The firm was sold in 1999.”

The Daily Bell works from outside the USA, precluding Freedom of Information requests.

They have four ‘elves’ which claim 100 years of experience with Austrian Economics among them. Ie: they have four men at the height of their powers churning out Staff Reports every day.

Anthony Wile then goes on to found The Foundation for the Advancement of Free-Market Thinking.
Check here for where the money goes:

Does this sound like the kind of financing I am writing about?

Is The Daily Bell a well funded banker front? Do ducks quack?

  1. Kieran Donley permalink

    hey there . . .can you remove my full name if you do include my comment . . its been a long day here 🙂

  2. Kieran Donley permalink

    I RSS-ed DB for a while . . but it stank to high heaven . . so I stopped!

    Thanks for your insights. . . . extremely valid . . .

    But I did like their ‘Internet Reformaiton’ meme . . .although it is rather stating the fracking obvious.

    What do you think of Tarpley? I stopped listening to him also, too lip-lickingly bombastic.
    Too down pat. Too . . . . monomaniacal. But some good work also . . . Love to know yr thoughts.

    All the best,

    Kieran Dayzero.

    • Thanks! I’m happy to hear you like ‘my’ work!

      Yes, the Internet Reformation is a nice buzz, but bleedin’ly obvious, so not really a great ‘find’ or anything.

      Tarpley? His monetary proposals are about the minimum of what I would consider acceptable, which is not bad. He does not sufficientlyt grasp the hardcore monetary issues (like interest), but he is well versed enough to come up with a reasonable stimulus plan.
      He likes euphemisms like ‘venetians’ etc, I’m not too happy with that.

      I’d say Tarpley is ok, but I agree he can be a little pompous.

  3. horserotovator permalink

    Ah! The murky influence of bankers and banking is never far away when money is being talked about, eh Anthony? Especially if alternatives are being discussed.
    Very insightful and understandable articles here, I have been reading!
    I fell off TDB some time ago for suspecting that they were at heart obsessed with gold and pushing up it’s value through the narrative they were/are continuously rehashing on their site. I started to think after a while of being bombarded with this mantra of, ‘gold backed currencies being the panacea for all our financial ills’, that once you start unpacking the premise it becomes problematic as:

    1. I have no gold to begin with and I have read that for a gold back currency to be viable now, gold would have to appreciate in value about 10 to 20 times it’s present market price to be anywhere near being able to fully back a currency now. (at this point, if you jump to consider fractionally backing the currency with gold, your back where you started, aren’t you?)
    This means that for people/institutions with substantial holdings in gold their net wealth will be greatly increased whereas people such as myself, who have little or no gold, my wealth will diminish in proportion to the substantial holders of gold.
    Illuminati wet dream number 1

    2. Gold backed currencies mean in reality one world currency as gold has, and will definitely have, a mandated universal standard of value in this particular future and it will stand behind all of the worlds currencies to give them, (and it, interestingly!?) value.
    Sounds like one world currency to me.
    Illuminati wet dream number 2

    3. The obvious outcome of this sudden and immense upward revaluation of some peoples/institutions wealth and the devaluation of everyone else’s will result in even more centralisation of power to the same people/institutions that we (and, I once thought, TDB, but not desperately!) are desperately trying to prevent from achieving.
    One World Government/Governance.
    Illuminati wet dream number 3

    That’s just how I’ve come to view the whole DB project. To me it’s just a branch office of the supranational Illuminati banking cartel.

    john e

  4. Great! It was only recently that I figured out that bankers lending at interest was the tool used to dominate the world. Honestly, I was beginning to think I was the only one who saw it. Reading your article encouraged me, especially because you seem to know so much more about this than I do.

    I’ll say it again: Great! Keep up the good work.

  5. Great article Anthony. May they burn in hell together with their usury !!

  6. Henrique permalink

    Kinda off topic, but this is interesting ( even if oversimplified ):

  7. My head is swirling, I don’t know what I am; I am not a liberal or conservative, or libertarian, or communist.

    You have certainly caused me to rethink and doubt any good in any of these ideologies. Of course I was never a communist.

    You really know how to shake the foundation.

    Great eye opening information.

    • Great to hear Halyn. It is simply mind boggling that in this day and age they still can get away with this kind of thing.

      I can hardly believe it myself so I can more or less understand how you feel.

  8. deadeyeblog permalink

    Another great effort, which puts to rest the notion that the Koch brothers are a cancer within an otherwise pure, grassroots movement. The fish is rotten from the inside out. I love how even the lowly Daily Bell is well-funded and run by professional parasites. I wonder how many lives were destroyed by narcotics while Anthony Wile was scrubbing the drug money clean?

  9. I’m sure they do, but I don’t know them.

    What are gnomes?

    • Henrique permalink

      He was probably referring to “Gnomes of Zurich”, something mentioned by an English banker once.

  10. Spectator permalink

    Do the “elves” have names? And what about the “gnomes”?

Trackbacks & Pingbacks

  2. The Daily Bell calls it quits… | Real Currencies
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  5. The Daily Bell Hoax? « Real Currencies

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