Category Archives: TIMF E-Op

Banking: The Pirate Subsidy

As the President and Congress express interest in avoiding the Fiscal Cliff I am struck by the narrow field of options being considered; the predictable barrier between what would otherwise be thought of inspired or ingenious and the irreconcilable desire to preserve the structured chaos of a political and economic policy spectrum that is as stale as it is seriously and supremely biased toward imbalance.  

There are many areas of our political and economic system that require restructuring but none more important than the national financial system; more specifically the Banking System. To understand the role of Banking in its present form is to position oneself within the very mechanism(s) which make the Central Banking System mathematically unsustainable and a theoretical dead-end and.  

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TIMF E-Op No: 5 – Banking’s Hidden Cost

The industry of Banking has been around, in one form or another, since mankind took a liking to the merchant trade. Merchants, in ancient times, quickly realized that they could enhance their economic standing by generating additional income from their stored (banked) profits by making loans to farmers or traders whose business was to bring goods from distant lands. The critical point to remember, as we move forward, is that these early Merchant Bankers used their own profits to make loans. 

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TIMF E-Op No: 4 – Trade & Comparative Advantage

To look at the current state of the U.S. Economic Infrastructure is to witness the consequential effect of a theoretical flaw in action; whether it be a convenient cover for various other abuses or simply ignorance-on- command the march to the unachievable is now moving in to its 30th year; the homogenous global economy. The theoretical nuance upon which the global mantra predominantly relies is a conceptual paradigm proffered by David Ricardo, a British Economist, and more formally known as the theory of Comparative Advantage 

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TIMF E-Op No: 3 – The Corporate Animus

Generating revenue for funding government functions is without question vital to a cohesive and functional national structure and though I frequently make reference to the dysfunctional U.S. Tax Code we must differentiate between methods by which the government generate revenue and those methods which the government employ to confiscate it; it is to the later the greatest dysfunction occurs and to which this E-Op refers (we will discuss the former point in our upcomming TIMF E-Op No: 4). 

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TIMF E-op No: 2 – Taxation: The Scheme of Redistribution

The Founding Fathers where very deliberate in crafting specific guidelines and boundaries with respect to the role of the Federal Government; as to the issue of Taxation, they were explicit: 

Article I, Section 2, Clause 3: 

“Representatives and direct taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers. 

Article I, Section 8, Clause 1: 

“The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States.” 

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