THE WORLD IS NOT READY

Why health care reform won't work! An honest look.

Posted on March 16, 2010 by Jay Farmington

The country is so scattered on the health care issue. I am so tired of every news network spinning it to seem like it is the problem that is plaguing America at every turn. Ever since President Obama took office he has made it his goal to reform the system, but looking deeper what exactly is he trying to reform? At a glance we need to define some terms here, we don't have a health care problem... our health care is for better or worse excellent. We have great advancements in medicine and medical practice, I am the first to admit it's not perfect but if you are sick there are treatments. Taking that into consideration and redefining the terms, we don't have a health care problem, we have a health cost problem. Our issue is not with quality, it is with price. That simple understanding moves this from a medical and government issue to an economics issue. With that said, what is the answer?

Well first and foremost getting government out of the entire process is crucial. Government subsidizes the system which causes prices to skyrocket. Government intervention and meddling with insurance agencies is the reason prices are through the roof! They are hindering free market forces, not encouraging them. If there was true competition between agencies we would see prices decrease country wide.

Speaking of country wide and government intervention... why is it that if I am shopping for insurance and I find a great policy from a smaller agency in Montana it is illegal for me to purchase it? That's right, I cannot cross state borders. Why? The government said so. What a great little corporatism we have going on. Government setting laws to help exploit citizens. Forcing them to buy insurance they may not want. That leads me to another issue, I am a 26 year old guy, do I really need my policy to cover pregnancy? What about other illnesses I don't have a history of? I am being forced to buy into plans that cover me and 80% of things I will never need coverage on.

So what do we see here, we see that we need to let the free market reign. Deregulate the system and stop government subsidy. Let people buy insurance at their ease. Insurance shouldn't be tied to jobs, it should be something you sign up for and it moves with you. Following some of these simple ideas coupled with tax deduction of emergency care and we might see a great turn around. Government intervention must be avoided at all cost. Government can't micro-manage anything and that won't change with health care. If and when Obamacare becomes policy we will quickly see the destruction of American currency. Inflation will explode at an out of control rate. Simple economics states that the more of something we have, the less valuable it is. Such is the case with currency. We simply can't afford it. You can't "lower taxes" and spend more money. It doesn't make sense.

The Dangers of Keynesian Economics.

Posted on February 1, 2010 by Jay Farmington

Most people may not know but the base behind the World's current economic system was designed by a gentleman named John Maynard Keynes. Forgetting the fact I consider this man an enemy to the people let's get to the facts. The base of Keynesian Economics is "monetary policy actions by the central bank and fiscal policy actions by the government to stabilize output over the business cycle." [via Wikipedia]. Let's take a look at that for a minute, we see terms like "central bank" and "government to stabilize", all terms that remove power from the citizens and place it ever so easily in the hands of the government. John Keynes believed that all money should be controlled by one central money house or bank, and that the central bank, with government regulation has a say as to what money means, and what money is worth. In one fail swoop he has removed vital market forces and prevented the free market from working. So why is this bad

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Before they were "too big to fail".

Posted on January 25, 2010 by Jay Farmington

Nice little graph to show you where banking went from the 90's to now. Where the Government sees "too big to fail", I see "not good enough to exist without Government support". Let's hope that the next time the market tries to naturally straighten itself out and correct the toxicity, Government won't interfere and prevent nature from taking its course.

Money and Prophecy

Posted on December 26, 2009 by Jay Farmington

I'm nearly finished with "What Has Government Done to Our Money" by Murray Rothbard. I find it comical when people say that there aren't any modern day philosophers. A simple read of this text proves that such statements are severely inaccurate. Murray Rothbard and others like Hayek and Von Mises are a prime example of men who see beyond their time. Predicting things years into the future and providing instructions on how to avoid and fix these issues that plague society is nothing short of amazing. But what do money and economics have to do with prophecy?

To break it down to basics the monetary system of any civilization is both its strength and Achilles heel from which it can be destroyed. Running on a broken Keynesian economy spells only trouble and ultimately destruction for the American Economy. These men knew the errors of 1913 though, and anyone who studies the text can see the judgment day approaching. A judgment day reserved for any given Monday when an economic superpower like Germany or China decides to reset the system and treat fiat money as nothing more than paper. A gold or commodity based standard will instantly fight to level the market almost like a lion fighting to spring from a cage to save it's young. The effects would be felt immediately. However that's another post or conversation for another day.

My point to all of this is that visionaries and prophets still walk the Earth. Sure Murray Rothbard passed on in 1995 but for his entire life he walked among us and spoke of economic prophecy. Naturally he didn't speak about the sky splitting and the fires of hell raining down but is that really the role of a prophet? Did he need some sort of ethereal being whispering in his ear? Or did these men like many others just need to understand a system for what it is? Robbery of power from the people! Do we need to view premonition as second sight? Or, can we view it in a modern sense and accept that these men of genius accurately predicted the downfall of the world economic system. Their followers and scholars on the subject preached for years and years to no avail! Why?

Because a commodity based currency in the hands of the people, and not the central bank... spells an end for "big" government. If you want to see the blueprints to run a proper government look no further than the American Constitution. It's all there, black and white, clear as crystal. Limited powers. Any Keynesian's care to prove me wrong?

Laser cut cash. Amazing art!

Posted on November 27, 2009 by Jay Farmington

Brought to us by famed tattoo artist Scott Campbell from his exhibit "Make It Rain" we see the artistic value lasers bring to the game. Stacks of dollar bills all laser cut into various images and shapes. I can't begin to tell you how much I enjoy this type of work. Not only is it ingenious but it really brings a new value to fiat money. I could only find a few images of the work however if I run into anymore I will be sure to add them.

Personal favorite... it has to be the Virgin Mary, although the small skull is really sick! Enjoy!