The Freedom Factory

The shackles of serfdom are being silently fastened to America. Every dollar Congress spends beyond its budget, every Federal Reserve Note printed, every tax, regulation, and government intrusion into our lives renders us less free. Ever wonder why it feels like it’s increasingly difficult to make ends meet? Remember the days when one spouse could work, the other raise the kids, and still save for a comfortable retirement? Those days are gone, but why? What’s next? The 5 Steps to Freedom: How To Cut Your Dependence On Institutions And Escape Financial Slavery, by Jeff Nabers explains what happened to our once prosperous society and how we can all take definite steps to escape what is to come. Continue Reading

U.S. Treasury Dept. considers converting loans to equity ownership in major U.S. banks…is this a backdoor to nationalization? Congressional push-back to Obama’s revenue raising plans is leaving $1 trillion gap in budget, Obama set to take on credit card companies for charging interest rates that he considers too high, the U.S. Energy Secretary warns that some Caribbean islands will disappear because of Global Warming, and China issues another condemnation of U.S. economic policies…threatens to diversify currency reserves out of USD… Continue Reading

We are moving closer towards a political economy every day. Every dollar borrowed, taxed, printed, and spent by government really comes from the private sector.  Trillions of dollars of national resources are being allocated by politicians and bureaucrats towards things they claim will benefit our economy. Congress just passed a $3.6 trillion budget ($1.2 trillion in deficit), and combined the Federal Reserve and Treasury have dumped $13 trillion into the economy in the last 16 months. What we must all ask ourselves right now is whether or not we trust government with our money? Continue Reading

New Zealand Prime Minister John Key speaks a strange language. It’s English, all right, even with an accent, but he is one of the only world leaders who is speaking of relaxing regulations, cutting taxes, spending within budget, and focusing on making his country more productive.

Rather than jumping on the tax, borrow, spend, print, populist bandwagon with nearly every other world leader, John Key’s solution to the tough times is to “use this time to transform the economy to make us stronger so that when the world starts growing again we can be running faster than other countries we compete with.”

Key’s idea is to grow the country out of recession by improving productivity, not simply catering to populist calls for wealth redistribution, stifling regulation, and growth-inhibiting class warfare taxes. He calls attempts to use debt and money printing to “prop up growth” risky, saying that saddling future generations with debt could be counterproductive. He is one of the only politicians who states “There is actually a limit to what governments can do.”

At a time when governments are growing by leaps and bounds, and everyone seems convinced that Big Brother holds the keys to economic prosperity, it is refreshing to see a world leader (actually an ex-currency trader) embrace sound economic principals.

Key admits that New Zealand will not pull the world out of recession; it’s too bad other leaders lack such humility!

Here’s a link to the Wall Street Journal interview with Key.

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In a speech to the European Parliament, British Conservative MEP Daniel Hannan confronts Prime Minister Gordon Brown:

In the last 12 months a 100,000 private sector jobs have been lost and yet you’ve created 30000 public sector jobs. pm, you cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt.

Hannan is furious with Britain’s response to the financial downturn, decrying the borrowing, spending, currency devaluation, and increased Socialization of the economy as destructive. It turns out that everything Britain is doing wrong is being done in the U.S.

Check out Daniel Hannan’s book, The Plan: Twelve Months To Renew Britain.

Obama plans massive federal incursion into education, banks want to return bailout money, U.S. naval ship repelled from Chinese waters, potential change to the Constitution, yet more violence in Iraq-dozens killed by suicide bombers-are Al Quada and Baath Party uniting? Citigroup on track for best quarter since ’07-lifts markets, traffic ticket destroys woman’s life, Ron Paul says we need more earmarks, and Fed chief calls for new financial regulations-Ron Paul says to regulate the Fed…just the latest in your Freedom Under Fire Report! Continue Reading

Inflation has long been a contentious topic in the U.S., not really abating at any point since the 1960′s. President Johnson’s “Guns & Butter” policies of the Vietnam war era sparked a good deal of money printing, inflation, and debate. Since then the Federal Reserve, Congress, and every President have gone on spending binges, rampant borrowing, and always increasing money supply. These are the tools of macro-economics, in which central decision authorities nationalize resources to socially engineer what they think will be perpetual prosperity. The results are debatable, but the consequences clear: Continue Reading

China launching massive domestic stimulus, details on the $275 billion homeowner bailout, landmark Supreme Court ruling for drug makers, Chavez declares war on opposition media and nationalizes a U.S.-based company, lawmakers defend 9,000 earmarks including “swine odor research”, and a Russian economist predicts civil war in U.S. in 2009…just the latest in your Freedom Under Fire Report! Continue Reading