Blog description.

Accentuating the Liberal in Classical Liberal: Advocating Ascendency of the Individual & a Politick & Literature to Fight the Rise & Rise of the Tax Surveillance State. 'Illigitum non carborundum'.

Liberty and freedom are two proud words that have been executed from the political lexicon: they were frog marched and stood before a wall of blank minds, then forcibly blindfolded, and shot, with the whimpering staccato of ‘equality’ and ‘fairness’ resounding over and over. And not only did this atrocity go unreported by journalists in the mainstream media, they were in the firing squad.

The premise of this blog is simple: the Soviets thought they had equality, and welfare from cradle to grave, until the illusory free lunch of redistribution took its inevitable course, and cost them everything they had. First to go was their privacy, after that their freedom, then on being ground down to an equality of poverty only, for many of them their lives as they tried to escape a life behind the Iron Curtain. In the state-enforced common good, was found only slavery to the prison of each other's mind; instead of the caring state, they had imposed the surveillance state to keep them in line. So why are we accumulating a national debt to build the slave state again in the West? Where is the contrarian, uncomfortable literature to put the state experiment finally to rest?

Comments Policy: I'm not moderating comments, so keep it sane and go away with the spam. Government officials please read disclaimer at bottom of page.

Sunday, March 31, 2013

End of the Banking System – Frederic Sautet

Mine is not about to become another cut and paste blog, however, given our banking laws are to be the same as Cyprus as regards the ultimate destruction of a depositor’s property, and remembering many of my New Zealand taxation and legal blog entries have been precisely about how the state has usurped the rule of law in New Zealand, following the lead of the Western police-states growing under Big Brother Surveillance State Keynesian socialism, with irresponsible, profligate politicians incompetently bumbling us all down the road to our serfdom by not understanding the (unintended)consequences of destroying the free market mechanism and imposing their foolish, petty selves oafishly between the needs and desires of the individuals in society, and the voluntary resolution of those needs – the current Tiwai Point fiasco another case in point of National’s bumbling – this becomes an important statement of truth by Sautet. This is what destruction of the free in free markets leads to; this is the implosion; read the full article here, with this short quotation to whet your curiosity:

I cannot think of a faster way to completely destroy a banking system than to expropriate its depositors. This is the kind of policies one would expect from a banana republic, not from a political system that rests on the rule of law. But this is the point: the EU does not respect the principles upon which a free society is based. The more a government uses the tools of expropriation, the more it creates the conditions of its future demise. Big depositors will not come back to Cyprus once all this is over. And restricting capital flows, as it is the case now, worsens the situation in the long run. 

As many commentators have said, the Cyprus problem, like that of Italy, France, Greece, Portugal, and Spain is one of public finance. As the EU moved from a free trade zone to a political system after the ratification of the Maastricht Treaty in 1992, it also (among many other things) progressively collectivized the risks associated with public spending …

And before I'm accused of backing the crony capitalist fiat money system (that is, current banking), note Sautet's final sentence:

Ultimately, of course, governments should get out of money production, but that’s maybe for another century.

(Every place EU is used in this quotation, replace with New Zealand: unfortunately the sense still works.)

No comments:

Post a Comment