INVESTORS EDGE
 

News & Analysis

Testimonials
  • VERY INFORMATIVE

    I read The Daily Bell every day and I find it very informative.

    Marc Faber
    Dr. Marc Faber, Author, Publisher of The Gloom Boom & Doom Report

  • AWE INSPIRING

    The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.

    Jeff Berwick
    Founder of DollarVigilante.com

  • INFORMATIVE SOURCE OF INFORMATION

    The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.

    Alexander McCobin
    Executive Director of Students for Liberty

  • POWERFUL INSIGHTS

    I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.

    Lord William Rees-Mogg
    Author, Former Deputy Editor, Financial Times

  • SIMPLY TERRIFIC

    The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.

    John Browne
    Former Secretary of the Conservative Defense and Finance Committees, UK Parliament

  • GREAT JOB, DAILY BELL

    I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.

    Richard J. Maybury
    Author, Editor of U.S. & World Early Warning Report

  • READ IT EVERY DAY

    A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!

    Charles Payne
    FOX Business Analyst

  • REFRESHING

    I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.

    Bill Bonner
    Bestselling Author, Founder of Agora Publishing

  • INSIGHT YOU CANNOT IGNORE

    The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.

    Dr. Edwin Vieira
    Author and Constitutional Expert

  • INTELLECTUAL JOLT

    Sit down to read from The Daily Bell and experience a jolt of intellectual energy.

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author

  • A LEADING LIGHT

    The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.

    Catherine Austin Fitts
    Former Assistant Secretary of Housing and Federal Housing Commissioner

  • TRUTH AT WORK

    There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.

    Nelson Hultberg
    Author, Director of Americans for a Free Republic

  • VOICE OF REASON

    I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times

    Dr. Thomas Woods Jr.
    NY Times Bestselling Author & Senior Fellow, Mises Institute

  • CUTTING EDGE ANALYSIS

    At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.

    Gerald Celente
    Bestselling Author, Founder of the Trends Research Institute

  • THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS

    I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.

    Doug Casey
    Bestselling Author and Founder of Casey Research Group

  • PROFOUND AND PROVOCATIVE

    Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.

    Craig Huey
    Author, Small Business Owner

  • PART OF MY DAILY NEWS DIET

    I read it every day!

    Jim Rogers
    Bestselling Author, Co-founder of the Quantum Fund

  • INDEPENDENT

    Get outside the box with The Daily Bell and experience independent views.

    Paul Craig Roberts
    Author, Former Assistant Secretary of the Treasury in the Reagan Administration

  • AHEAD OF THE CURVE

    The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.

    Bill Murphy
    Chairman of Gold Anti-Trust Action Committee

  • PREMIER FREE-MARKET ANALYSIS

    The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.

    Dr. Richard Ebeling
    Author, Professor of Economics at Northwood University

  • THE DAILY BELL IS A MUST-READ

    Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.

    Dave Morgan
    Author, Editor of Silver-Investor.com

  • SEPARATES WHEAT FROM CHAFF

    The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.

    Dr. Antal Fekete
    Author, Educator and Monetary Scientist

  • ONE OF MY FAVORITE SITES

    The Daily Bell is one of five sites that I review every day because I find there a clear, common-sense interpretation of everyday events.

    Hugo Salinas-Price
    Mexican Billionaire, Founder of Grupo Elektra

  • ESSENTIAL READING

    Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.

    Steve Forbes
    Chairman and Chief Executive Officer of Forbes Media

  • EXCELLENT RESEARCH

    I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.

    Dr. Mark Skousen
    Author & Founder of FreedomFest

  • RECOMMENDED READING

    For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.

    Michael A. Cremo
    Author, Vedic Archeologist

  • GREAT INVESTMENT INFORMATION

    I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.

    Rick Rule
    Founder of Global Resource Investments Inc.

  • EXCELLENT ANALYSIS

    The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.

    Peter Schiff
    Chairman and Chief Executive Officer, Euro Pacific Capital

  • FANTASTIC SOURCE

    The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.

    Dr. Joel Wade
    Author, Psychotherapist and Life Coach

  • GUTS, OBJECTIVITY, WISDOM

    Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.

    James Jaeger
    Telly Award-winning Filmmaker

  • SOURCES YOU CAN TRUST

    The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.

    G. Edward Griffin
    Author, Founder of Freedom Force International

  • EXCELLENT PERSPECTIVE

    The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.

    Frank R. Suess
    Chairman & CEO of BFI Capital Group Inc.

  • OUT OF THE DARK

    The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.

    John Perkins
    Bestselling Author

  • MESSAGES OF TRUTH

    The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.

    Jeffrey Armstrong
    Award-winning Author, Vedic Philosopher

  • COURAGEOUS REPORTING

    There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.

    Ron Holland
    Author & Monetary Analyst

  • GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE

    The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!

    Jeffrey Tucker
    Author, Executive Editor of Laissez Faire Books

  • CONSISTENTLY SOLID

    The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.

    Dr. Tibor Machan
    Author and Philosopher

  • INDISPENSABLE INFORMATION

    The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.

    Dr. Grant Havers
    Chair, Department of Philosophy, Trinity Western University

  • A MUST-READ FOR EVERYONE

    The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.

    Dr. Thomas DiLorenzo
    Professor of Economics, Loyola University Maryland

  • A VIRTUAL WHO'S WHO

    The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.

    Dr. Hans Herman-Hoppe
    Author, Economist and Libertarian Philosopher

  • NEVER MISS AN ISSUE

    I love the Daily Bell. Every issue is principled and informative.

    Lew Rockwell
    Founder of the Mises Institute

 

Subscribe now to start your FREE email subscription to:

The Daily Bell Newswire

By subscribing, I confirm that I have read the privacy policy and the terms of use policy in its entirety and I understand and accept these terms.

 

 
Top Conservative Pundit Endorses Redistributionist Major Douglas!

Rethinking the Idea of a Basic Income for All ... In October, Swiss voters submitted sufficient signatures to put an initiative on the ballot that would pay every citizen of Switzerland $2,800 per month, no strings attached. Similar efforts are under way throughout Europe. And there is growing talk of establishing a basic income for Americans as well. Interestingly, support comes mainly from those on the political right, including libertarians. – New York Times/Bruce Bartlett

Dominant Social Theme: This funny idea is coming up more and more. Maybe there's something to it.

Free-Market Analysis: We've tried to keep track of this meme because it is perhaps the most insufferable single dominant social theme disseminated by the power elite.

To recap: We begin with Henry George who created the idea of a land tax in the mid-1800s; he influenced his disciple, the Fabian socialist Silvio Gesell. Gesell's crackpottery about depreciating money was popular in the 1930s. His mutual ideas were accompanied by the social credit nonsense of Major Douglas who called Gesell's ideas a dreadful tax.

Douglas wanted people to have a basic income – and he called the annual disbursement of such an income "social credit." Such reformist ideas were to prove influential in Germany, Italy and Japan during the national socialist era. Adolf Hitler was a fan.

Gesell's ideas about depreciating money have been revived, astonishingly, by former Harvard headmaster Larry Summers. And now, we can see above, Major Douglas' ideas about social credit are being proposed by none other than the uber-capitalist scribe Bruce Bartlett.

And who is Bartlett? From the Times: "Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. He is the author of The Benefit and the Burden: Tax Reform — Why We Need It and What It Will Take."

Here's more from Bartlett's editorial:

The recent debate was kicked off in an April 30, 2012, post, by Jessica M. Flanigan of the University of Richmond, who said all libertarians should support a universal basic income on the grounds of social justice. Professor Flanigan, a self-described anarchist, opposes a system of property rights "that causes innocent people to starve."

She cited a paper by the philosopher Matt Zwolinski of the University of San Diego in the December 2011 issue of the journal Basic Income Studies, which also contained other papers by libertarians supporting the basic income concept.

While acknowledging that most libertarians would reject explicit redistribution of income, he pointed to several libertarians, including the economists F.A. Hayek and Milton Friedman, who favored the idea of a basic universal income.

Friedman's argument appeared in his 1962 book, "Capitalism and Freedom," based on lectures given in 1956, and was called a negative income tax. His view was that the concept of progressivity ought to work in both directions and would be based on the existing tax code.

Thus if the standard deduction and personal exemption exceeded one's gross income, one would receive a subsidy equal to what would have been paid if one had comparable positive taxable income. In 1965, Sargent Shriver, director of the Office of Economic Opportunity, recommended to President Lyndon Johnson that he support Friedman's idea of a negative income tax.

Friedman provided illustrative figures to The New York Times showing how his plan would work. The maximum benefit would be $1,500 per year for someone with zero gross income, which would be about $11,500 in today's dollars.

Ultimately, Johnson rejected the negative income tax but appointed a commission that later recommended one. Johnson also supported an experiment by the Department of Health, Education and Welfare that would run small pilot negative income tax programs in various cities and states to see how people responded.

The negative income tax was revived by President Richard Nixon in an August 1969 proposal called the family assistance plan that had been developed by Daniel Patrick Moynihan. The New York Times columnist James Reston called it a "remarkably progressive welfare policy."

Ironically, it was liberals who killed the Nixon effort, because they didn't believe it was liberal enough. Although many conservatives also opposed the Nixon plan, enough Republicans supported it to have been successful if the bulk of congressional liberals also supported it.

... F.A. Hayek endorsed a universal basic income in Volume 3 of his book, "Law, Legislation and Liberty": The assurance of a certain minimum income for everyone, or a sort of floor below which nobody need fall even when he is unable to provide for himself, appears not only to be a wholly legitimate protection against a risk common to all, but a necessary part of the Great Society in which the individual no longer has specific claims on the members of the particular small group into which he was born.

All the regular culprits are cited by Bartlett here. He cites them to prove that a universal income is somehow a libertarian idea. But Hayek was in many ways a squishy libertarian – and he began life as an outright socialist.

Milton Friedman virtually invented the IRS withholding tax (!) and went on to write a huge book suggesting that the Federal Reserve refine, but not abolish, its money printing facility. Unlike, say, Murray Rothbard, he did not advocate the dissolution of the Fed.

As for Jessica Flanagan, how exactly can she describe herself as a libertarian when she supports the state disbursement of a "living income"? Aren't libertarians anti-state – and with good reason? Didn't various states murder about 200 million people in the last century?

Of course, she is in good company. Libertarian Bill Still advocates a monopoly central bank run by "the people." Ellen Brown, author of the famous Web of Debt, poses as an alternative media type, though she also advocates some sort of statist central bank. (She has changed her mind a good deal about what this constitutes.)

And then there are others: the anti-usury crowd that has vociferously attacked free-market economics generally while promoting "the people's" central bank and the issuance of fiat-based, interest-free money.

We've covered all of this and commented on it extensively despite considerable attacks. We were quick to recognize the thematic elements of these alternative monies – and why the power elite would actually be sponsoring their proponents, as they evidently are.

We even pointed out that most alternative money systems utilize a general ledger – which is perhaps why UNESCO's Margrit Kennedy, the doyenne of alternative money systems, is such an enthusiastic backer. These systems certainly provide a record of transactions, which can be most useful for government snooping on a variety of fronts.

Our main thesis, refined as we have tracked the emergence of the "alternative money" dominant social theme, is that each of these systems and iterations have one thing in common: They advocate the utilization of GOVERNMENT as the dominant change agent.

And thus it is difficult to avoid the conclusion that those who benefit from government control have the most to gain from these systems and facilities. And those who run government these days are the same globalist bankers that proponents of alternative money systems pretend to want to disenfranchise.

Who today can doubt the sponsorship of alternative anti-usury monetary types by the globalists? Bernanke has just endorsed bitcoin – which may or may not be a kind of monetary Trojan Horse – while JP Morgan has now filed its own patent for a similar system.

Meanwhile, Larry Summers has endorsed the Fabian/socialist solution of Silvio Gesell and Bruce Bartlett has come out in favor of Major Douglas's social credit nostrums.

We've watched this meme build and swell. Almost every alternative monetary proposal ends up with some sort of activist state intervention. Even those "anti-usury" supporters who wish for debt-free money would naturally depend on the state to imprison people who attempted to charge interest.

So much of the alternative money movement is determinedly authoritarian. The statist leer is concealed by libertarian rhetoric. And yet, truly, monetary solutions are not that complex.

Get rid of monopoly central banking and let gold, silver and alternative currencies compete. Once money can be freely circulated, all the rest would likely fall into place. The current model of corporatism would collapse. Societies would rediscover prosperity. There would be no need for depreciating money or social credit.

Beware of anyone who begins to speak about "usury" or ludicrously tries to tell you that all the gold and silver in the world is owned by a few banking families and that you ought not to own any. Beware of those who explain that the Federal Reserve is "private" and that what is really needed is a "public" central bank owned by "the people."

Beware of those generally who advocate state interference in monetary affairs. These memes are being circulated by those who want more centralized and internationalist government. These are the bankers that thrive on mercantilism and prosper as world government expands.

Their paid apologists are legion, and growing. Their promotion goes back more than a century. And now, as Western economies face collapse, their propaganda grows shriller.

Conclusion

But the rising decibel level cannot disguise the core of deceit

Rate this article:

Total Ratings: 31 - Average Rating: 4.8

Books by Anthony Wile
Financial
Freedom

The High Alert Way to Discover Winning and Profitable Investment Ideas

Free Download   Order Now

The Best of
Anthony Wile

Select Editorials & Exclusive Interviews As featured at TheDailyBell.com

Free Download   Order Now

High
Alert

How the Internet Reformation is causing a financial hurricane - and how to profit from it

Free Download   Order Now

The Liberation
of Flockhead

A modest, monetary fable

Free Download   Order Now


Anthony Wile
Meet High Alert's Chief Investment Officer

Anthony Wile, High Alert's Chief Investment Advisor and Chairman of the Partnership Selection Committee, is an active investor, business strategist and consultant, financial markets commentator, publisher and author.

read more

 
 
Investors Edge

Member Login

Join Today