Wednesday, October 10, 2012

Libertarians, Austrian economics, and the gold standard

One of the reasons I don't accept advertising at this site is because I am not certain how these blogads work and the LAST thing I want is having a bunch of gold bug newsletters and investment houses assigned to my blog.  After all, I am at least a fourth-generation opponent of the Gold Standard.

I am also adamantly opposed to so-called "Austrian economics."  After the fall of the Austro-Hungarian Empire following World War I, the lackeys of that lovely regime were suddenly thrown out of work.  The economists were almost comically right-wing and so they found employment at places like the University of Chicago and the London School of Economics.  Friedrich Hayek, who wrote an amazingly silly screed named The Road to Serfdom, is the most famous of the Austrians as a result of his Nobel Prize in 1974—but there were others.

Combine Austrian thinking with the Gold Standard and you pretty much have the economic philosophy of Ron Paul and his followers—who like to call themselves Libertarians.  So no matter how much I might agree with the Paulites on foreign or drug policy, I was never going to become a true believer because I object to almost every statement on economics he has ever made.

So today I discovered this little gem from the battles on the far right.  According to it, Paul is mostly just a stooge for some very ugly big-money boys from England.  I have no way of evaluating this post for accuracy, and quite honestly, I am not sure anything could be written about a gold bug that could possibly discredit him further in my eyes.  Even so, I found it interesting that some old English Imperial money is possibly behind some of the most backward ideas I can imagine.

How Money Power controls the Libertarian movement in the 21st century

OCTOBER 8, 2012 by Memehunter

In a series of articles earlier this year, Anthony Migchels and I exposed how Libertarianism and Austrian economics were sponsored by the elites as a dialectical counterpart to Communism during the 20th century. See especially:

Old Rothschild- and Rockefeller hands controlled the Libertarian-Communist dialectic

How the Money Power spawns Libertarians

The sad truth is that not much has changed during the last 60 years. We already know that Ron Paul is backed by billionaire Peter Thiel, a member of the steering committee of the Bilderberg group.

But what few people realize is that the entire Libertarian movement is still controlled by a handful of individuals who are directly connected to the highest elite circles, including the Rothschild dynasty. In this article, we will shed more light on these connections and expose the elites’ control of the Libertarian movement in the 21st century.

The Agora Empire

As documented in The Daily Bell Hoax?, blogger (and libertarian sympathizer) Lila Rajiva recently revealed that Ron Paul had a longtime partnership with James Dale Davidson, founder (with Lord William Rees-Mogg) of the financial conglomerate Agora Inc. Through the Agora network, Davidson, Rees-Mogg, and executives Bill Bonner and Addison Wiggin control most of the “hard-money” investment newsletters and “free-market” websites in the West, most of them ferociously pro-Paul.

These outlets include: Anthony Wile’s Daily Bell, Bonner’s Daily Reckoning, Doug Casey’s International Speculator, Gary North’s Remnant Review, The Oxford Club, Whiskey & Gunpowder, Laissez-faire Books, a leading libertarian bookseller, and a slew of other “alternative media” websites. It is no exaggeration to say that Agora controls most of the Libertarian material published in the West.

Rajiva’s revelations are important because they blow apart the myth of the “Ron Paul revolution” as a grassroots movement, and confirm Paul’s close ties with elite globalist financial concerns. In fact, Lyndon Larouche’s Executive Intelligence Review (cited by Rajiva) implied a direct link between Libertarian circles and the Rockefeller and Rothschild, the very elites whose domination they claim to abhor!

Libertarians, “hard-money” investors and power elites: an enduring partnership

Although Davidson and Rees-Mogg apparently promote pseudo-libertarian solutions and “free-market” thinking, both are bona fide members of the highest elite circles. Davidson was likely a Rhodes scholar (although he does not publicize this information), a leading indicator of acceptance into elite British circles.

His partner Rees-Mogg was a longtime editor of the Times and a member of the governing council of the BBC. He is a member of the very select Roxburghe Club and apparently has ties to the Pilgrims Society. He also belongs to The Other Club, together with British and Zionist aristocrats such as the Cecils, Howards, Cavendishes, Rothschilds, and Oppenheimers. Rees-Mogg is also on the board of Rothschild’s St. James Place Capital.

Rees-Mogg and Davidson apparently work in tandem with mainstream British journalist Ambrose Evans-Pritchard, whose father was a military intelligence officer and who has long been suspected of being an intelligence asset himself. It is surely no accident that Evans-Pritchard, known for his anti-Clinton crusade and hard-money sympathies, is one of the few mainstream journalists frequently cited by Wile’s Daily Bell, but very few readers would suspect that they are essentially partners.

Although Rees-Mogg is associated with the Libertarian movement, he would be more accurately described as a fascist. In an article entitled “It’s the Elites Who Matter”, published in the Times in January 1995, Rees-Mogg publicly called for limiting education to the top 5% of the population, creating an elite that would be ideally positioned to dominate the remaining 95% of the people after Rees-Mogg’s so-called “Information Revolution” would bring in a feudalist dystopia.

Soon after Davidson and Rees-Mogg published The Sovereign Individual in 1997, they founded the Sovereign Society, another Agora offshoot. Besides Davidson and Rees-Mogg, the Board of Advisors of the Sovereign Society has included over the years some of the best-known names in the “hard money” community, such as Doug Casey (a classmate of future president Clinton in Jesuit hotbed Georgetown University), CIA asset Mark Skousen (son of a FBI agent and nephew of J. Edgar Hoover’s assistant Cleon Skousen), perennial libertarian candidate Harry Browne, the Aden Sisters (Pamela and Mary-Ann), and Daily Bell advisor Ron Holland.

Casey also founded the Eris Society, a group of “free thinkers” who meet annually. Among the past speakers at Eris Society meetings, we find the names of Ron Paul, Skousen, Browne, Davidson, “Uncle” Richard Maybury, and investor Jim Rogers. Already in 1994, Casey, Davidson, and Skousen were collaborating on a presentation about “ERIS Island”, indicating that their partnership predates the foundation of the Sovereign Society.

Another Agora spin-off is the FreedomFest, the “world’s largest gathering of free minds”. While FreedomFest claims to be independent and “not affiliated with any organization or think-tank”, we find that it is coordinated by Skousen and Holland’s wife Tami, and that speakers associated with Agora are regularly invited. Perhaps surprisingly, Bilderberger Peter Thiel was featured as a keynote speaker in 2011.

Of course, the old Libertarian networks centered around the Volker fund that we exposed in Old Rothschild- and Rockefeller hands controlled the Libertarian-Communist dialectic are still active: thus, Gary North, a Volker protégé, retains an enormous influence in Austrian economics. More interestingly, alumni of the Libertarian think-tanks sponsored by the Volker fund and its affiliates are often found working together with the “new generation” of Agora-associated hard-money investors. more

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