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U.S. House of Representatives Votes to Legalize Industrial Hemp
06-27-2013 • The New American
The U.S. House of Representatives voted 225-200 on June 20 to legalize the industrial farming of hemp fiber. Hemp is the same species as the marijuana plant, and its fiber has been used to create clothing, paper, and other industrial products for tho
Book: America's Financial Reckoning Day
2012 REVISED EDITION
Yet, as our nation enters the 21st Century there is a great foreboding that our highly leveraged financial infrastructure is facing unprecedented challenges in addition to serious geopolitical developments that could threaten our very existence as an independent and sovereign nation. How has this happened to the most powerful nation on earth, and what will be the likely outcome of these events? To answer these questions it is necessary to thoroughly examine the monetary history of the U.S. up to the present hour and also give some serious consideration to ancient prophecies that are contained in the Holy Bible.
In 1913, a small group of Wall Street bankers conspired to create the ultimate money trust, or banking cartel, now known as the Federal Reserve System. The creation of our nation’s central bank has been responsible for boom and bust cycles which have wrongly been blamed on outside forces, commerce, capital investments, the free market and even elected officials. The creation, structure, and operation of the Fed is a sad legacy of hidden taxation and market manipulation which needs to be clearly understood.
This is a distinctly non-partisan issue. It is a topic of extreme importance since each and every American is trusting in the value of their domestic currency and working hard to invest and save for their financial futures. It is why we get up and go to work every day. It is, as Austrian economist and social philosopher Ludwig von Mises (1881-1973) has stated in his magnum opus Human Action, our individual responsibility to understand the basic teachings of economics:
Very few men are capable of contributing any consequential idea to the body of economic thought. But all reasonable men are called upon to familiarize themselves with the teachings of economics. This is, in our age, the primary civic duty. Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society’s fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen (www.mises.org ).
Indeed it is. And most people know that we have merely kicked the “fiscal can” down the road and our economy is now at the “end of the road” as this recent film documents. I encourage you to view or purchase this film and share with others. I also encourage you to add your name and email to my mailing list to receive important market updates that are also archived on my blog.
Finally, it is important that you prepare for a financial reckoning day and I invite you to visit my
company website at IDP Consulting Group for financial diversification and assistance in acquiring physical precious metals and other considerations like dehydrated or freeze-dried food. Thanks!
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