by Revolt426
PRELUDE
Currency - A means of EXCHANGE that represents the currency's underlying economy and it's ability to produce , transport and sell productive goods domestically and to other Nations.

"It must be stated, at this point in this report, that any actual collapse of the U.S. dollar would set off an immediate, global chain-reaction, sending the entire planet into a collapse from which, unless we act now to prevent this, civilization would not recover for a long time to come. Thus, there is no way in which a system which proposes to exclude the U.S. dollar, could survive even during the very short term. That is to emphasize, that if the U.S. dollar ceases to maintain approximate parity among the principal national economies within the world system, the collapse in value of the outstanding U.S.-denominated obligations, would plunge every part of the planet into a virtually immediate general breakdown-crisis, into a prolonged new dark age from which few among today’s national cultures, and only a relatively small minority of the population of the world would survive in the end....

....It must be stressed, as I shall make clear in the course of this report, that without the presumption that that mass of presently existing dollar-denominated debt is fungible, we have reached the point of a potential, global hyperinflationary explosion (or, simply a general collapse of the entirety of the present world system). That means that an immediate collapse of the perceived value of the dollar itself would trigger a general, and quasi-permanent, physical-economic, chain-reaction form of breakdown of every national economy of the world, that occurring in the modality of a more or less simultaneous implosion of the physical economy and culture of every people of the world..."
- Lyndon LaRouche A British, Malthusian Swindle: A NEW WORLD CURRENCY AS FRAUD
https://www.larouchepac.com/node/9861


We are currently in the worst economic breakdown crisis in the history of humanity, and a worrisome grassroots movement of people who have been utterly brainwashed by the Austrian School of Economics, which is nothing more then a cult because there is never any compromising with the followers of this school. If it isn't their way, it's wrong. The Austrian school has been equated with the only solution to provide what they euphemistically call "Free Markets" and this is a lie.

Due to this grassroots movement of brainwashed people , the issue must be raised that the Foundations of the Austrian School of Economics are 100% distortions, lies and trickery. The fact of the matter is, if Austrian methodology is imposed on the people of the world it will result in a massive and sudden drop in population levels and the return to what some would call, the Stone Age. The primary flaw in this school is that it does not take into account that a physical economy is primarily based on science and not mathematics. If you use mathematics for all economic theory, you are eliminating something called Dynamics. Dynamics can occur in population levels, events (wars, disasters) , or even orchestrated economic breakdowns such as the one we are currently witnessing. The Austrian response to what we are currently experiencing is, "This is a correction" - on the contrary, this is an Orchestration via the privatized issuance of money, designed to de-populate the planet. The Austrian Solution , allow the system to collapse and de-populate the planet.

In this thread, i will attack the primary foundations of the Austrian School thereby proving them to be falsehoods with factual information and thinking.

I. The GOLD STANDARD , Monetarism , and ignoring the importance of Productive Labor

Monetarism
A set of views based on the belief that inflation depends on how much money the government prints. It is closely associated with Milton Friedman, who argued, based on the Quantity Theory of Money, that the government should keep the money supply fairly steady, expanding it slightly each year mainly to allow for the natural growth of the economy.

Upon looking at this definition you can clearly see that "Expanding" the monetary supply "Slightly" each year for growth is essentially putting a CAP on economic expansion, and hence Living Standards and Population Levels. Monetarism, is what the British Empire used to control it's population since it's core was formed via the East India Company. You can also see that Milton Friedman's view of an economy certainly does not take Labor nor a Physical Economy (infrastructure) into account.

Contrary to these foolish myths, a currency is a MEANS OF EXCHANGE, and a currency's domestic value--although due in part to how much of it is in circulation (tripling the supply overnight would obviously deflate its value)--is due even more so to the wealth production (or lack thereof) that it represents when it initially comes into circulation; while a currency's international value is entirely dependent on a Nations ability to produce, transport and sell goods that other Nation States wish to purchase.

The underlying requirement for a Nation to produce, transport and sell goods is the Nations Infrastructure. Infrastructure is the Nations Physical Economy, and it is based on science. The greatest historic example of this proven fact is Abraham Lincoln's Intercontinental Railway, which was funded with the State Issued "Greenback" , a debt free currency directly issued into productive infrastructure. The Intercontinental Railway project not only created employment at a time when the Nation was essentially bankrupt, but after it's completion it did far more:

- It allowed a scientific progression from British Empire dominated NAVAL Trade Routes to a Sovereign mechanism to transport goods across the country.

- It connected population centers and businesses allowing them to transport their goods and far greater speed at far less cost

- Most of all, it gave the Greenback real value by providing labor and increasing the populations ability to produce and sell goods , and consiquently made the United States the industrial powerhouse of the world after it's completion

"Contrary to monetarist fetishes, the value and soundness of currency in the modern world are determined by the ability of a national economy to produce physical commodities that the rest of the world wants to buy." - Webster Tarpley

"Money has no intrinsic economic value, contrary to the opinions of such poor wretches as the marginal utilitarians.
Economic value is expressed in the form of a net increase, in an economy as a whole, of the potential relative population-density of the society...." - Lyndon LaRouche

Even Milton Friedman acknowledged that there is "no other proposition in economics that is as well established" as the proposition that "inflation" occurs only when the "quantity of money" -- even if it's fiat paper money not backed by a commodity or precious metal -- "rises appreciably more rapidly than [economic] output" (Free to Choose, p. 254)

But according to the backwards monetary theory of the Austrian School, the issuance of fiat paper money-–even if done free of debt and in proportion to economic output--is automatically inflationary, merely because it is “fiat” and not commodity-based. So the Austrian School insists that if we simply "stop printing" fiat money, let the market "correct" itself (read: let the economy collapse under the crippling weight of unpayable and ever-compounding interest debt), a mystical, God-like entity known as the "free market" will arise from the ashes of our destroyed economy and give birth a gold-based money system, and all will be well with the world.

The Austrian school would prefer "DEFLATION", which can be more destructive then Inflation as shown in nearly every Depression in United States history, including the Panic of 1837 which was caused by a Domestic Gold Standard. Regardless, there are OTHER solutions to the issue at hand then putting a CAP on Populations that will provide us with a sound currency.

As one can see by looking at the definition of Monetarism, which is obviously associated with Milton Friedman, it does not take Population Levels , Infrastructure or a Nations Productive Capacity into account. When Deflation occurs (A Contraction in money supply) to the extent of the Great Depression years 1929-1933 which was about a 30% Contraction, it strangles the Nations private sector for currency. When there is less currency, it is obviously harder to obtain currency, and when the population is growing and there is less currency it inevitably leads to unemployment, poverty and eventually death.

I am now going to highlight the major problems with instituting a Gold Standard, which would undoubtedly lead to genocide. Some of these are going to be hypothetical examples, regardless, realistic.

1.) First and foremost, there is not enough Gold in the entire world to facilitate the expanding population's need for currency and economic expansion. Rather then going into a plethora of writing, there are youtube clips available to explain this in an interview with Byron Dale :

https://www.youtube.com/watch?v=9E0UPBtmTb0 (part 1 of 3)
https://www.youtube.com/watch?v=Y9FWECWWN5o (part 2 of 3)
https://www.youtube.com/watch?v=aM7D3mnUSI0 (part 3 of 3)

After watching this clip, i am sure firstly, you will realize the Government has not created this mess, infact a Private Bank known as the Federal Reserve and it's entire private system that has created this mess. The FED's ability to bypass Congressional Appropriations and issue PRIVATE credit is the issue here, not the Government. Secondly, there is obviously NOT ENOUGH GOLD in the world to facilitate a planet of nearly 7 Billion (And Expanding) Human Beings!. The Video also highlights that you cannot put a VALUE on MONEY, but MONEY reflects the VALUE of the UNDERLYING ECONOMY, because the population is constantly EXPANDING and the Gold would inevitably have to be DE-VALUED to allow for population growth, which is the very thing the Austrian school Cultists scream about in any debate over monetary policy. The Video also highlights other absurdities of the Austrian School and the Gold Standard that require the Human Mind to address, as opposed to a utopian plethora of mathematical equations that allegedly prove the market will never make a mistake. Truth be told, the markets do make mistakes that are not correctable (at least not without needlessly destroying millions of lives in the process), specifically under systems where currency is issued by a Private Entity.

2.) With a Gold Standard implemented (As also highlighted in the above video) the Nation would be unable to provide the currency to build it's basic economic infrastructure. Without basic economic infrastructure, the private sector would be unable to function and the human race would return to the Stone Age, or go extinct. Basic Economic Infrastructure includes : Bridges, Roads, Railways, Transit, Water Treatment Plants, Power Plants etc...... As anyone who lives in the United States can see with their own eyes, the Nations Railways, Bridges, Roads, Energy Grids and the like are FALLING APART.

Now to take this particular issue a step further, without power plants, you cannot have factories or farms. Without Roads , Bridges and Transportation, you cannot have the transport (and hence the sale) of goods. So a Nations' underlying infrastructure reflects its ability to produce the goods that consumers not only within our own nation--but within other nations--wish to purchase.

Again, the best example to my knowledge of a Greenback system's economic infrastructure is Lincoln's Intercontinental Railway, which was built by spending currency into the economies infrastructure, though other Presidents have rebuilt the Nations Infrastructure with other monetary methods, the fundamental issue is the currency MUST be ISSUED into something that SPURS PRODUCTION, thereby attaching labor to it, if you will.

With a Gold Standard in place, Monetary policy is entirely dependent on Gold Production as opposed to Physical Economy Production in the form of Infrastructure.

Abraham Lincoln's Greenback System:
http://www.larouchepub.com/eiw/public/2 ... nbacks.pdf

3.) A Very important issue to address is DEFLATION, because this is what would wreck the economy before we even had a chance to de-value the Gold. Suppose you have outstanding debt in the form of a Mortgage, Student Loan, Credit Card Debt, Installment Loan, Commercial Loan etc.... One MUST take into account that enstating a Gold Standard would inevitably contract the amount of currency in an economy. While the value of each unit of currency would go up, the population levels would remain the same making it impossible to obtain currency to pay off these obligations. If a Gold Standard were instated now, it would likely take you multiple lifetimes to pay off a mortgage, or years to pay off minor credit card debt, you would ultimately become a slave to your creditors. (This is what William Jennings Bryan meant by “mankind” being “crucified” upon a “cross of gold.”)

A Gold Standard and resultant Deflation imposed by Andrew Jackson and Martin Van Buren is precisely what started the Civil War.What occurred is this, after introducing the Gold Currency the State issued notes disintegrated, leaving many people bankrupt. Following this, since Gold has absolutely nothing to do with the value of an economy, and you cannot put a value on currency (But a currency on a Value), a bubble formed. In 1837 as Martin Van Buren entered office and established Independent Treasuries to lend......, the bubble imploded resulting in massive deflation. This again, means it was far more difficult for people to obtain the currency they needed to conduct their daily economic affairs, and the economy consequently ground to a hault (destroying countless lives in the process.) As a result of this deflationary depression, brought on by the very precious metal-based money system that the Austrian School wishes to impose on us today. The Nation was De-Industrialized in the ensuing decades........ the South was hit harder then the North and became dependent on Slave Labour to produce goods due to lack of CURRENCY, which was at the time, Gold. When did this nightmare end? When Lincoln revived fiat paper money via the debt-free Greenback and thereby freed mankind (if only temporarily) from the “cross of gold.”

The same can be said for the Great Depression. In 1901 the Gold Standard was re-instated........ As we all know , in 1913 the Federal Reserve Act was passed into law. As the FED gained control over the monetary supply they created a Gold Denominated Bubble from 1921 to 1928. In 1929 the bubble was deliberately imploded, and over the 1929 through 1933 period the monetary supply contracted by 30%. This was DEFLATION, and it resulted in the systemic collapse of the United States Banking System by the time of Franklin Roosevelt’s inauguration in March 1933. People were unable to withdraw currency , cash checks and there were daily bank runs. This obviously resulted in massive poverty, breadlines and starvation as the system did not "Correct" Itself. (Although many Austrian Schoolers would perhaps maintain that it did “correct” itself, since, by 1932, the gold-backed Federal Reserve Note was 20% higher in value than it was in 1928. And according to Austrian School dogma, that means more than the fact that the level of employment was much lower in 1932 than in 1928.)

4.) Arguments equating a debt-based fiat money issued by a private central bank with debt-free fiat money issued by government to inflation are pure lies. Our Government currently has NO ABILITY to issue CREDIT, it is issued by a Private Bank called the Federal Reserve. The Greenback system provides debt-free currency in exchange for labor (as opposed to debt in exchange for “promises” of future labor). Without Labor, you can have no Capital , and thus no Capitalism. In other words without first producing something to sell, you have nothing from which to "capitalize"..... As the Greenbacks are spent into the economies basic infrastructure it directly represents the population levels and ability of the Nation to produce, transport and sell goods. A very simplistic example of this in regards to the basic infrastructure required for human survival is the amount of Water Treatment Facilities directly represent the amount of Water the population needs to consume for survival, or a decent standard of living.

- The Austrian argument that paper money is backed by nothing , is a complete distortion. Infact, if the Money is issued the same way the Greenbacks were issued, which is spending them into Infrastructure, it is backed with something far more valuable then a piece of metal (Gold). It is infact, backed by labor and the Infrastructure that labor has created, since it comes into circulation only when such labor has been expended in the production of infrastructure, just as monetized gold coins came into circulation only when the labor that produced gold bullion had been expended. (That's what it is to "monetize" wealth.)


II. The Government Must NEVER INTERVENE IN or REGULATE the Economy

This foolish myth from the Austrian School of Von Mises is based on the idea that the only way to have a stable market without tyranny is for the Government to remain 100% un-involved in it, that includes issuance of currency. The claim is, an invisible, mythical hand will swoop down and always correct any problems. This rumor is debunked at a later point in this essay. Contrary to this rumor, there are certain regulations (obviously , not all of them) that would very much benefit the Nation. I will go over a few of these regulations and debunk this notion that an Economy with no regulation is infallable and sound. In addition to the utopian "No Regulation" rule, United States history was never based on the Government staying completely out of the economy since our first President, George Washington, who was dedicated to infrastructure projects.

First and foremost, before even addressing types of regulations, the fact of the matter is De-Regulation is what created this crisis. This is a Derivative Crisis combined with a thermo-dynamic breakdown of our Nations Physical Economic Infrastructure or Physical Economy relative to the population density. For those that do not understand what is going on , A Derivative is a mass of Toxic Unpayable debt in the form of Many Mortgages slapped together and called a "Collaterized Debt Obligation" or a "Mortgage Backed Security". These masses of DEBT were created to the tune of atleast 1.5 Quadrillion Dollars (1500 Trillion) , with some newer estimates higher, and Stamped as Triple A "Assets" by regulators. The Derivative industry is 100% Private/Off Book, and was illegal from 1936 till the 1980's When Ronald Reagan legalized them. This overhanging debt is making it impossible for Commercial Banks to function , because all of the major Commercial Banks of the world are interlinked with Derivative Contracts. The important note here is, if Glass Steagalls Prohibition for Commercial/Deposit Taking Banks from Speculating was not repealed in 1999 under Bill Clinton, the Republican Congress and intense lobbying and lying by Larry Summers, this crisis would not be a Break down, but a fixable Depression. However, since Commercial Banks were allowed to engage in speculation - we now have a spider web of 1.5 Quadrillion or more dollars of worthless debt interlinking all major Commercial Banks and Major Insurance Companies. The Insurance Companies, such as the cash unit the criminals use to transfer money to banks AIG , engaged in insuring these Derivatives in the form of Credit Default Swaps (CDS) . When a speculator purchases a Credit Default Swap the Insurer has an obligation to pay a sum near the principle investment to the Speculator. So, in the case of Lehman Bros. , which had massive AIG (CDS) associated with that Investment House, Lehman was intentionally allowed to collapse and it caused a Chain Reaction which took out numerous other institutions including most important, AIG. AIG was Nationalized as a conduit for all bailout money to pay off speculators in the form of Credit Default Swaps - Insurance policies on nothing more than GAMBLING. So in the name of humanity, at least recognize this situation is UNCORRECTABLE unless these institutions with Derivative Exposure are put through Chapter 11 Bankruptcy Re-Organization to audit and freeze all speculative bets in the form of ANY Derivatives permanently to relieve the crushing debt that will eventually destroy the entire world economy.


-Let us start with the infamous Glass Steagall Act, passed by Franklin Roosevelt in 1933. This Act provided standards for Chartered Banks in the form of prohibiting them from Speculating with Depositor Money. Much of the bubble that was imploded in 1929 was a result of the then equivalent to Derivatives, "Options". Prior to this law, Banks that took Deposits were allowed to speculate with other peoples money!. The result of this Act passing and being signed into law was the forced splitting of Mega-Bank (Commercial Banks that were merged with Investment Houses) to isolate the "Option" crisis to Investment Houses and free the Commercial Banks of these debt burdens so they could continue to function. One notable result was the splitting of JP Morgan Bank into JP Morgan and Morgan Stanley. It this a damaging regulation?, to prevent Bankers from speculating with entrusted deposits from the population?. I surely do not think so, and as we all know, this crisis would not be here today if the above parts of that act were not repealed in 1999 which resulted in a 1.5 Quadrillion Dollar bubble of Derivatives and our current MELTDOWN. The Austrian's argue that if Fractional Reserve Banking were not allowed then this act would not be required. I do not see how this assumption is accurate considering if there were no regulations in the alleged Austrian Version of a "Free Market" , there would be nothing preventing the Bankers from taking Deposit money and doing it anyway, after all they are criminals. In addition, i see nothing wrong with setting standards for Commercial Banks, since the goal of a Commercial Bank is to provide credit to business and productive activities as opposed to being parasites. Another problem with this assumption is that using Gold as a currency has been proven to wreck economies , because there is no way to determine the value of the Gold without a relative currency, and it has no resemblence to the value of an actual currency (As shown in this paper) - The result of a Domestic Gold Standard was shown in the resulting Depression after the Panic of 1837 by the policies of Andrew Jackson and Martin Van Buren. So, as shown again, the idea that if an economy has absolutely no regulation , Gold or other commodity based standards will automatically be sound and correct itself is a utopian falsehood. This area of history is one completely ignored by Goldbugs - while they simoultaniously tout President Jackson as a Hero for "Defeating" the Central Bankers, when infact , the Second National Bank was not a Central Bank (But this is another issue) , and he did indeed wipe out much of the Nations wealth which lead to the Civil War about 25 years later.


-Take the ability for speculators.... like Nazi, George Soros to "Short" (or dump and drive down currency's) of third world nations, and recover the currency once it has drastically dropped to profiteer off of other human beings suffering. Exchange Rate Controls in the form of an International Gold Standard to Fix Exchange Rates would quickly solve this problem. In addition, it would stabilize international trade during times of duress (like now). The Bretton Woods System was an International Gold Standard, which anchored the dollar to Gold at 35$ an ounce thus fixing all exchange rates based on each nations Gold Reserves relative to the dollar. The Bretton Woods system worked just fine in regards to preventing currency speculation and stabilizing trade. Suppose for a minute, in our current economic breakdown crisis, one currency inflates and one deflates - would this not render it impossible to trade between these Nations?. The Austrian School opposes Exchange Rate Controls "That is Tyranny", On the contrary, the ability to have your currency destroyed by parasites is tyranny. This system was of course collapsed by Henry Kissinger under the Nixon Administration, not exactly a group of good people. Did they collapse the exchange rate controls to give you freedom or take it away?

-How about Coin Clipping? If we were to have a Domestic Gold Standard imposed on us , the ancient issue of people clipping small pieces of gold off each coin and smelting them into bullion would return , would it not?. With a paper currency, you can cut the bill in half and tape it back together and it still represents the value of the underlying physical economy.

- Bank "Redlining" is also a regulation i find would improve the population. "Redlining" is when a Bank intentionally does not lend or provide services in specific areas because they are either not as profitable, or they wish for this area to remain undeveloped.... If this is allowed to occur, the Bankers certainly have Free Markets, but what about the poverty stricken people who are unable to get lines of credit ?. This is Freedom similar to the Confederate Constitutions definition of what Freedom ought to be, without the General Welfare clause.

- Land Speculation is a very large , and ignored issue in the current economic system. Wealthy people with nefarious intentions buy up lots of land for the sole purpose of leaving them undeveloped. Exxon Mobile and Royal Dutch Shell purchase lots of oil field land and intentionally do not develop them to drive oil prices up.



"How important is land speculation in today's economy? You be the judge. Here we see one of the aces that Donald Trump held during his financial slump of the 1990s: the old Penn Central rail yards, 52 acres on the west side of Manhattan. This photo actually appeared in a late 80s advertisement for the planned "Trump City." Trump held the site, looking just like this, for about fifteen years. Finally, after many rounds of taxpayer-funded offerings -- including the re-routing of the West Side Highway -- the site was developed, into upscale housing."
http://www.henrygeorge.org/bust.htm

American Tradition And Dirigisme
These days, the word dirgism is associated with "Socialism" for the very reason Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact EMPIRE is the enemy and EMPIRE is Privatized.

http://en.wikipedia.org/wiki/Dirigisme
Dirigisme

....Most modern economies can be characterized as dirigiste to some degree - for instance, governmental action may be exercised through subsidizing research and developing new technologies, or through government procurement, especially military (i.e. a form of mixed economy).



Many of the Founding Fathers of our Nation were Dirigists. This does not mean, they wished to control the entire economy, but it meant they wished for the Government to provide for the General Welfare of the population , which happens to appear as a clause numerous times in our Constitution. One of our most famous Founding Fathers, Benjamin Franklin, Founder of the Post Office , was a Dirigist. In addition, George Washington, Alexander Hamilton, John Quincy Adams, Henry Carey, Henry Clay , Abraham Lincoln , Franklin Roosevelt and John F. Kennedy were Dirigists, or followed a populist economic policy of mixing Government Services with Private Services. Without Kennedy's Space Program, we would not have developed modern computer technology. DARPA invented the Internet. These functions are now used by the Private Sector for commerce.

Many Austrians will scream "No! That is Socialism" , however this is clearly untrue, because Socialism is actually when the Government seizes the means of production, and dirigists welcome competition :

SOCIALISM

A broad set of economic theories of social organization advocating public or state ownership and administration of the means of production and distribution of goods

So, What was our Nation Founded Upon? Dirigism.

"The United States is blessed by the world's greatest tradition of economics, the American System of political and national economy. Contrary to monetarist mythology, the American System never had anything to do with free trade or free markets. It is a tradition of protectionism, mercantilism, and dirigism." - Webster Tarpley


http://american_almanac.tripod.com/earlyinf.htm
Sponsored by both George Washington and Benjamin Franklin, millwright James Rumsey worked on perfecting the steamboat while superintending the building of the Potomac Canal locks around Great Falls. The canal project was the most advanced engineering feat yet tried in America, and caused an excitement comparable to that when the Panama Canal was dug more than a century later. Before his two successful steamboat trials on the Potomac in 1787, Rumsey corresponded extensively with Washington on the uses to which the invention could be put.

http://74.125.95.132/search?q=cache:yXk ... clnk&gl=us

A postal pioneer, printer, writer, statesman, and diplomat, [Benjamin] Franklin also was renowned as a civic leader, scientist, and inventor. He helped establish a library, fire company, college, philosophical society, militia for civil defense, and hospital, and he helped improve streets and street lighting in the city of Philadelphia. His scientific contributions included a study of electricity and lightning, theories of heat absorption, and the measurement of the Gulf Stream, and he invented the lightning rod, bifocals, and the Franklin stove.

Was Benjamin Franklin a Socialist, or a Tyrant? No, I don't believe he was, in fact this Nation would not be here today if it weren't for Benjamin Franklin... How about Washington? Was his developement of canals and the Steam Boat Tyrannical? I don't think so.... The Functions of the Post Office alone destroy the myth that Government is incapable of servicing the population, last i checked it has been around since the 18th Century and still works just fine, even with UPS and Federal Express in competition. The ideals of Franklin highlight the emphasis on Science as a means to progress the population of the Nation and the Physical Economy. How about a Library? a Fire Department? A State Run College? ..... are these things that are taken for granted really tyranny like Von Mises claims?. I assure you, if the Fire Department was privatized, you would not be happy, and would likely have alot more houses burn down to ashes and a downturn in service in not so wealthy areas.


Lord Shellburne, Jeremy Bentham, John Locke , Adam Smith and the Invisible Hand

The Austrian School of 'Economics' (Or lack there of) claims if there is a distortion in the markets, given all conditions within their insane guidelines are met, a god like hand will swoop down from the heavens and correct the problem....... where did this idea come from?. It's The Late 18th Century and along came a spider named Adam Smith with accomplices such as Jeremy Bentham and John Locke. In the late 18th Century, these were the 3 British Stooges who had infiltraited our Nation in order to enact British "Free Market, Free Trade" policy. This was started with the ideals of Adam Smith's Invisible Hand Theory and John Locke's behavoiral economics (A Direct Agent of Lord Shellburne, Leader of the British Empires East India Company). Locke's behavoiral economics is based on one idea, that humans have no ideas. Human Beings are animals , and the only thing that must be taken into account in economics is "Pleasure and Pain". While there may be an invisible hand, when it makes massive corrections , the corrections correllate with the population levels (Meaning the population DIES to make the system viable, as opposed to making the system viable FOR THE POPULATION).

http://www.larouchepub.com/other/2003/3 ... _amer.html
Synarchy Against America

Lord Shelburne's English estate housed the agents of influence for those financier powers, literary justifiers of their dominion over men, script-writers for managed insurrection. And Shelburne maintained Continental bases for his allies and subversive agents within French-speaking Switzerland, Geneva and its environs, and inside France proper, as will be described below.

Shelburne assigned two projects to East India Company propagandist Adam Smith. First, to prepare the research outline for a study of the Roman Empire, needed to aid conceptually in erecting a new such pagan empire with London as its headquarters. (This assignment was later turned over to another East India Company researcher, Edward Gibbon, and completed as The Decline and Fall of the Roman Empire, which blamed the intrusion of Christianity, the religion of the weak, for the collapse of the mighty.)

Shelburne also commissioned Smith's work on an apologia for Free Trade. This, Smith completed in 1776 as The Wealth of Nations. He claimed that the power of an "invisible hand," and each man's pursuit of his selfish interest rather than anyone's desire to do good, causes economic well-being. (Wise men have since asked, is this invisible hand, financiers who rig stock bubbles, or Shelburnes who rig insurrections?) Smith warned Americans and Frenchmen not to dare the "artificial," government-promoted change from agrarian to industrial society; he attacked specifically the protectionist tradition of Jean Baptiste Colbert, finance minister for France's Louis XIV.

In the 1780s, Shelburne installed as his agent the Nero-imitating writer Jeremy Bentham, in an apartment at Bowood. Bentham had written with contempt in October 1776, against the defense of human rights in America's July 4, 1776 Declaration of Independence: "This they 'hold to be' a 'truth self-evident.' At the same time, to secure these rights they are satisfied that Government should be instituted. They see not ... that nothing that was ever called Government ever was or ever could be exercised but at the expense of one or another of those rights, that ... some one or other of those pretended unalienable rights is alienated ... In these tenets they have outdone the extravagance of all former fanatics."

Bentham was to write speeches, translated by the Genevan Etienne Dumont, which went by diplomatic pouch and through other means to Paris, to be spoken by the street leaders of the Jacobin Terror: Marat, Danton, and Robespierre.

In preparation for this work, Bentham wrote a 1785 essay defending "Paederasty," arguing that penalties against men's sex with children stem from society's "irrational antipathy" to pleasure, especially sexual pleasure; and a 1787 pamphlet, In Defense of Usury, attacking all restrictions on the lenders' right to take the highest interest rates they could get away with.

The Shelburne-Bentham collaboration from this period is reliably considered the beginning of the modern British Secret Intelligence Service....