The Politics of Fraud

atlasshrugged1For those who haven’t read it, I highly recommend Steve Moore’s scary and insightful OpEd in the Wall Street Journal, ‘Atlas Shrugged’: From Fiction to Fact in 52 Years.  Moore is the founder and former president of Club for Growth and seems to be a regular now on Kudlow & Company.  Moore gave me reason to pick up my now ragged copy of Shrugged.   Anyway, I came across this last night and it nails it:

Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: “Account overdrawn.” – Ayn Rand, Atlas Shrugged

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2 Comments on “The Politics of Fraud”

  1. Gus Gianello Says:

    I strongly recommend GeoStrategic Trends. Mr. Woods has consistently hit the nail on the head with insightful commentary. If you have read any of Antony Sutton, Mr. Woods was a co-collaborator. His website is: http://www.geostrategictrends.com

    Gus

  2. Eric Says:

    Sean,

    Great snippet!

    In the United States it sums up thus:

    “Destroyers seize gold and leave to its owners a counterfeit pile of paper.”

    Destroyers = Federal Reserve Bank Stockholders
    counterfeit pile of paper = Federal Reserve Notes

    “Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters…”

    backed by a gun = I.R.S.
    looters = elected representatives

    “Watch for the day when it bounces, marked: ‘Account overdrawn.'”

    The account has been over-drawn since the early 30’s.


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