Know The Difference – And The Cause

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Our Own Worst Enemy

From Brad Smith of Microsoft:

“Early Friday morning the world experienced the year’s latest cyberattack.

Starting first in the United Kingdom and Spain, the malicious “WannaCrypt” software quickly spread globally, blocking customers from their data unless they paid a ransom using Bitcoin. The WannaCrypt exploits used in the attack were drawn from the exploits stolen from the National Security Agency, or NSA, in the United States. That theft was publicly reported earlier this year. A month prior, on March 14, Microsoft had released a security update to patch this vulnerability and protect our customers. While this protected newer Windows systems and computers that had enabled Windows Update to apply this latest update, many computers remained unpatched globally. As a result, hospitals, businesses, governments, and computers at homes were affected.”

Read more at https://blogs.microsoft.com/on-the-issues/2017/05/14/need-urgent-collective-action-keep-people-safe-online-lessons-last-weeks-cyberattack/

Everyone understands that we have to protect our national interests. But does that mean creating the very tools that can be used against us? And doing so with an agency that has little, if any accountability to the American people, or even those in government.

The reason that the FBI and CIA were set up as separate organizations, with clear prerogatives (CIA for external threats, the FBI for internal ones), was so that we were not creating an all knowing, all powerful organization that could use its knowledge to crush liberty and freedom of Americans. So the politicians and government functionaries that were in favor of total control and surveillance created the NSA, to get around those legal restrictions. And now, that foolish choice has come home to roost, with computer code generated by our own intelligence agency being used to damage and destroy data globally, as well as extort the innocent.

Isn’t it about time to rein in the madness?

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LPNY Pushes For Restoration Of Convict Voting Rights

FOR IMMEDIATE RELEASE

LPNY Pushes for Restoration of Convict Voting Rights

On Saturday, April 29, 2017, the Libertarian Party of New York (LPNY) held its annual convention in Syracuse, New York at the Genesee Grande Hotel, in which a number of resolutions were adopted. Among them was a resolution to push for the restoration of convict voting rights.

Currently, 48 states strip U.S. citizens of their right to vote when they are convicted of a crime. The LPNY overwhelmingly adopted a resolution urging these legislatures, including New York, to restore the voting rights of citizens convicted of crimes unrelated to elective franchise (election fraud). The resolution also urges Congress to restore federal voting rights to citizens convicted of crimes in the District of Columbia.

Mark E. Glogowski, the past and reelected chair of the LPNY, praised the membership for adopting the resolution: “I am proud that our membership has demonstrated that we are truly a party of principle who will lead the way in fighting for our rights as citizens of the United States. Now it is time for our party to step forward and to do what is necessary to make this resolution a reality.”

You can view the entire text of the resolution on our website by clicking here or on the button below.

The Libertarian Party of New York’s website is http://lpnewyork.org/.

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Why is Gold a Better Form of Money Than Paper?

Note*** – The LPSC is not endorsing any company or service presented herein, but presenting this for informational purposes only.

Presented By Schiffgold.com – http://schiffgold.com

May 2nd, 2017

You’ve probably heard people say gold is real money1, but what does that actually mean? Is there some fundamental difference between gold and the green pieces of paper stuffed in your wallet that we call money? As investment guru Doug Casey put it2, “The dollar is, technically, a currency. A currency is a government substitute for money. But gold is money.” So, what is money? Simply put, it is a medium of exchange and a store of value.

Almost anything can be used as money, and, in fact, many things have served the purpose. Cattle, salt, cigarettes, and even seashells have been used as money throughout history. But as Casey points out, some things work better others. You can’t just exchange things nobody wants; there are other practical considerations. Over the last millennium, precious metals – primarily gold and silver – have evolved into the best form of money in existence.

These are the reasons why gold is the best money. It’s not a gold bug religion, nor a barbaric superstition. It’s simply common sense. Gold is particularly good for use as money, just as aluminum is particularly good for making aircraft, steel is good for the structures of buildings, uranium is good for fueling nuclear power plants, and paper is good for making books not money. If you try to make airplanes out of lead, or money out of paper, you’re in for a crash.”

Aristotle listed five properties that make something suitable for use as money. Casey outlines them in his article:

Durability

You don’t want your money to fall apart, or dissolve when it gets wet. It has to last over time.

Divisibility

You need to be able to split it into smaller increments without it losing value. That’s why a painting doesn’t make good money. Half a Van Gogh isn’t worth a whole lot!

Convenience

At one time cattle were used as money. But it’s not very convenient to haul cows with you everywhere. Good money packs high value into a small package and is easily portable.

Consistency

Money should be easily recognizable, with each piece identical to the next. This property is sometimes referred to as fungibility.

Intrinsically Valuable

Good money should be something a lot of people want or can use. In other words, it has a useful purpose and value based on something other than its role as money.

When you look over this list of Aristotle’s criteria, it becomes clear why gold and silver have taken on the role of money for hundreds of year. Both precious metals are durable, divisible, convenient, consistent, and possess intrinsic value.

It also becomes clear why paper really doesn’t make good money. It meets the first four criteria, but it fails utterly at number five. Paper has no intrinsic value. Gold can be made into beautiful jewelry, and it is increasingly being used in environmental3, scientific4 and healthcare5 applications. Dollar bills aren’t good for anything – unless you just happen to like pictures of dead presidents.

We can also add a sixth property to Aristotle’s list: scarcity. Money should be rare and hard to find. You can’t use gravel for money because you can pick it up everywhere. Everybody could get as much as they want. Gravel money makes for a fun fantasy, but it certainly wouldn’t work in practice, despite the Federal Reserve’s attempts to make the dollar just as plentiful through money printing.

Herein lies one of the biggest problems with paper money. Yes, it’s scarce, but that scarcity is artificially created. The government can print more paper money on a whim, as much as it wants, whenever it wants. From the government’s perspective, paper money is just like gravel. But gold is real money.

Footnotes:

  1. https://schiffgold.com/interviews/gold-is-money-not-a-commodity-if-you-want-money-have-some-gold-video/
  2. http://www.internationalman.com/articles/doug-casey-on-why-gold-is-money
  3. https://schiffgold.com/key-gold-news/gold-new-green/
  4. https://schiffgold.com/key-gold-news/gold-reflecting-light-universe/
  5. https://schiffgold.com/key-gold-news/healing-power-gold-silver/
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We Denounce The Air Strikes On Syria

The Libertarian Party denounces last night’s strikes on Syria.

Purportedly these strikes were a retaliation for the release of a chemical agent which wounded and killed many Syrians earlier this week.

The use of chemical agents against civilians is abhorrent but, according to news reports, the cause of that chemical release is uncertain. It is believable that the Assad regime could have purposefully caused it but when war and peace are at stake, as they are now, we must not jump to conclusions, no matter how natural they may seem.

The situation in Syria is very complex. There is no clear, straight-forward path to peace. Additional air strikes will just kill more people and further inflame an already highly volatile situation.

For decades, the United States has pursued a foreign policy based on the idea that we can play policeman for the world. Time and time again we have seen this fail. Sadly, our intervention into Syria will be no different.

Launching missiles into Syria risks pitting the US against Russia in a proxy war. There is no way in which a proxy war can be beneficial for humanity, the United States, or Syria. Such a war will only elevate Russia on the world stage, further destroy Syria and Syrian lives, and cost the US many American lives and resources.

If the President wants to help the Syrian people, he should facilitate more refugees entering the United States to find safety here rather than demonizing them and hampering their escape from the dictator that is slaughtering them.

Since World War II, American foreign policy has been highly interventionist. This has dragged our country into many wars and conflicts that were not in the best interest of the American people. These wars and conflicts have cost many thousands of lives and billions of dollars and have not made the American people any safer. Our military is very powerful but these issues are too complex to be solved by military might.

The Libertarian Party calls for an end to interventionist foreign policy.

Specifically, the Libertarian Party recommends ending American military aggression in Syria and the rest of the Middle East. Our actions there, while meant to reduce terrorism, instead often serve as a rallying cry for terrorists and facilitate terrorist recruitment.

Sincerely,

Nicholas Sarwark
Chair, Libertarian National Committee

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