The sulking Elves from the Woods of the North
(Left: Not all Elves are evil, but many are)
While some say Elves do not exist, in the days of yesteryear they were well known as tricksters, messing with livestock and fooling people with their strange beliefs.
Cross breeding between Elves and humans is possible, but when the Old Norse hero Helgi raped an Elf woman, she bore Skuld, who became so adept at witchcraft that she was almost invincible in battle. So perhaps it’s better to leave the Elves alone after all.
The problem is: they won’t leave us humans alone and strange noises keep coming from the distant fairy lands of Austrianism. Recently the Elves again opened fire with ‘the Con of Public Banking‘.
Here’s some of their text:
“Ellen Brown has written another statist hagiography called The Public Bank Solution. As a libertarian-oriented website promoting free-market economic approaches, we obviously disagree with her premise.
We don’t mind disagreeing with her because she is a nice person and she doesn’t do what some allied “neo-Nazi” websites do when confronted with their faulty analyses, which is to immediately launch vicious animadversions in place of logical rebuttals (because they have none).
We call such sites “neo-Nazi,” because public banking, LETS and other such alternative solutions have at their heart certain authoritarian premises, either overtly or covertly. A deep fascist impulse seems to run through the conversation.
Do they seek the lash? They may repudiate Hitler, but don’t believe it. They are likely in favor of the entire socialist paraphernalia, from private bank confiscation, to top-down monopoly money printing by the state and even the rule of one “superhuman” individual with a self-proclaimed “iron will” of the sort mentioned by Adolf Hitler and Benito Mussolini.
They admire people like Margrit Kennedy and her husband, both of whom had extensive careers with UNESCO. In fact, as we have extensively shown, the United Nations is the foremost backer of certain kinds of alternative LETS systems.”
The fascism of denouncing Usury! The iniquity of exposing massive elite financing of Austrianism! How much must these endearing creatures suffer before us primitive humans will understand how we have wronged them?
The conclusion of the Elves’ article runs: “The erudite Ms. Brown aside, those supporting such ideas do so with intentions much different than they claim, and some of them are, from what we can tell, maliciously opportunistic and plain evil.”
When confronted with this down to earth comment on the article and its conclusion, “Hmmm. I, George Washington’s Blog and others who agree with Ellen are a pack of liars – and the North Dakota State Bank is an example of evil? Give me a break please.“, they responded: “It is evil to attack Austrian, free-market economics as a knowing part of a Jewish genocidal, globalist conspiracy, label those who believe in freedom and write about it at great risk to themselves as elite conspirators, claim that a 10,000 year old freedom conversation is actually a Jewish con job, constantly celebrate the state over individual human action, etc. Evil seems to sum it up. ”
Yes, the cushy ‘middle class wages’ Gary North was making in the sixties at the Volker Fund and the multi-million dollar mansion that Daily Bell Editor Anthony Wile owns in Toronto certainly indicate grave risks to their health and fortune in valiantly defending the rights of the rich.
And then there is this quote from their article on ‘BIS demands Global Depression?‘:
“This is absolutely true but to blame “Austrianism” for this – and Austrianism is a term of contempt, as the correct phrase is Austrian economics – is entirely disingenuous. Just because one understands the reality of economics doesn’t mean one is supportive of the kind of ruin that the BIS now demands.”
In all fairness: the Mises Institute itself calls for ‘Radical Austrianism‘, and I assume they actually take pride in the term. But I don’t mind taking some credit for having slanted the phrase to become ‘derogatory’ in their ears. The day is not far off that their ‘correct phrase Austrian economics’ will sound like a curse too.
The Elves live in the Woods……
A few months ago I responded to Tom Woods’ rather simpleminded ‘Why the Greenbackers are wrong‘. A little while later Woods indirectly answered this with ‘the Greenbackers’ Fake Quote Industry‘. In my response to his original article I made a little fun about the difficulty the Libertarian leadership seems to have with the rather blatant Government conspiracy known as 9/11. Woods simply turns this argument upside down:
Woods: “The correct argument against the Fed is not that we need the federal government to create our money more directly rather than delegating the task to the Fed, but that is the Greenbacker objection to the Fed. No free-market person thinks this way. No one who takes liberty seriously thinks this way. This naivete on the part of the Greenbackers is especially hard to believe since so many of them are 9/11 Truthers. That means their position is this: we believe the U.S. government conspired to kill thousands of its own citizens in the interest of furthering its imperial ambitions, but we think they are the best people to trust with the creation of money.
Not all Greenbackers are Truthers, to be sure, but the position is terminally naive all the same.”
Note that Woods studiously avoids taking a position here himself. In fact, we know his position: he’s on the side of the Government. Woods, hating the State, has a wonderful future as a leading Libertarian politician and he certainly is not going to destroy that future with something as silly as 9/11 Truth.
We know all too well how the Libertarians chuckle at the ‘conspiracy industry’. That’s only one reason we keep warning the Truth Community about this Trojan Horse messing up our affairs.
After this brazen assault on the Truth Community, he goes on to make a little fun about the many fake quotes that circulate in the Populist movement. This is indeed an annoying phenomenon. Two great populist classics, Ellen Brown’s ‘Web of Debt’ and Bill Still’s ‘the Money Masters’ were slightly compromised by these quotes and here at Real Currencies we have been spreading them too, until the uncompromising gaze of the uncanny Name789 sternly reeducated me on these matters. As usual, I was the last to learn, as Bill Still already in 2011 opened up a page warning for bad quotes in his film, after the copyright holders of his film refused his request to correct them. Ellen Brown had no problems admitting some mistakes back in 2010. That’s what normal people do when they launch major works and are shown inevitable inaccuracies after the fact.
Here’s how Tom Woods concludes his article: “If they can’t be bothered to carry out this most fundamental obligation of the scholar (to check quotes, A.M.), how can we believe they have fulfilled the far more laborious task of studying economics beyond the slogans of their fellow Greenbackers? Their record makes me skeptical. You should be skeptical, too.”
So because we get a few quotes wrong, people shouldn’t believe anything we say and we should now all forget about the $450 billion the US Government loses on ‘debt-service’ to the banking cartel on the National Debt. Let alone about the $300k interest the common man pays for his $200k mortgage. I’m certain there is a term for this kind of logical fallacy, but I forget what it is.
We should not forget this is coming from a ‘Catholic’ guy who has managed to ignore 1500 years worth of quotes by Catholic scholars denouncing Usury in his ‘the Church and the Market’. According to Mises himself Christianity is ‘a religion of hatred’ because it despises ‘free market’ ideology, so I’m not too sure about Woods’ scholarship either.
…..and the dark and dangerous Woods are in the cold and dreary North
Of course, it’s ‘Grumpy Gary’ who’s behind the ‘fake quote’ trick. North has been devising sly arguments against all those pesky little monetary reform programs that have been popping up over the last century or so for more than fifty years now and his body of work pervades the entirety of Austrianism. In 2010 he thought to do away with Ellen Brown with the ‘fake quote’ trick and utterly failed. Previously we discussed his take on usury and how he tried to make the uninitiated believe that the problem is not interest, but fractional reserve banking. Worse still is his outrageous take on Usury in the Bible, exclaiming it’s bad to be in debt, but quite alright to lend out money at interest. Talking about bad quotes…….
Anyhow, for a normal person it’s always difficult to fathom outright lies. It’s always nasty to call someone a liar, because it’s hard to prove we’re not dealing with honest mistakes and the basic instinct is to stick with the benefit of doubt.
But recently I came across this little gem:
We watch Gary North so you don’t have to, so I certainly don’t recommend wasting an hour on this dreary piece of work. Here’s the deal: North is talking to some young people at a Libertarian get together. It’s a seminar in which the youngsters are trained how to deal with ‘Greenbackerism’ and the ‘murky underworld of Social Credit’.
The core of the lecture is how to deal with the notion that economies are depressed because of a lack of purchasing power. North explains a line of reasoning the youngsters can use in arguments when faced with this fundamental economic issue. As we know, Austrianism denies that deflation stifles economic growth and causes depressions. They even go so far as to deny that deflation caused the Great Depression (North does that again at about 29 min in the video). Hilariously, as I cannot help myself from gloatingly repeating, they use this FED study to back up this notion.
Deflation and Usury are closely related to the theme of ‘scarcity of money’, the notion that there is insufficient liquidity in the economy to finance all plausible trades, causing permanent depression. This is at the core of Social Credit, Keynesianism and Interest-Free Economics. It’s also well analyzed in the Protocols.
But whereas there is clear and insurmountable statistical evidence proving that a declining money supply will lead to a contracting economy, Austrianism has only deductionist arguments, i.e. wholly devoid of any empirical proof to counter this.
And this is why the video is so interesting. Because Gary openly admits this. He begins this lecture with a number of tips on how to defend what he (at 6:50) calls ‘ideological positions’. Meaning he openly distances himself from any scientific basis for his beliefs.
In short, according to the master Mind Controller Gary North himself , Austrianism promotes the purely ideological position that deflation and scarcity of money do not exist and that ‘markets will clear’ when they are ‘free’. Money has nothing to do with it.
Not only that, in this seminar Gary is teaching the youngsters on how to defend these purely ‘ideological’ and ‘unpopular’ positions and he even has no qualms to admit from whom he learned to do it himself: at 10:31 he starts explaining how the communist cadres of the old days went about defending ‘unpopular’ and ‘minority’ positions.
We can rest assured that the Libertarian Leadership knows exactly what it’s doing. They know quite well that Usury, Deflation and Scarcity of Money are the great problems of money and their whole ideology (and they know full well it’s an ideology and thus pseudo-science) is centered around arguments combating those trying to alleviate the suffering of the multitude by addressing these most fundamental problems. They have been paying Gary for more than 50 years to keep us all busy and distracted. They are grooming Tom Woods to push Gary’s venom as the future head of the Mises Institute or even in the Senate itself. They are funding Anthony Wile and the Daily Bell to call those looking for answers ‘fascists’ and ‘evil’.
Elves do exist, but they’re not really evil. They’re just a sorry bunch looking for attention and getting more of it than they should.
End the Fed: a Trojan Horse destroying the Truth Movement from within
Why Tom Woods is wrong about the Greenbackers
The Daily Bell: Usurious Commercial Banking is Good, Interest-Free Government Money is Tyranny
Discussing Gold and Interest with the Daily Bell
Debunking Tom Woods’ ‘Catholic’ Austrian Economics (Memehunter)