The 4 Freedoms Library

It takes a nation to protect the nation

This is the very best and the simplest that I have seen the world's economic turmoil explained. It is put in terms that a twelve year old can understand and explains how we got where we are, why we can't get out of it, and where it is leading. This is a video that covers our current financial practices. It does not delve into financial manipulation, or a New World Order conspiracy...simply economic practices that are destined to fail. Everyone who watches this will better understand that what we are seeing ahead is an oncoming train.

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Replies to This Discussion

Peter Schiff is one of my heroes, from the time he went to the demonstrators camped out on Wall Street and said "I here to defend the 1%; let's talk". He was there for several hours. It was really amazing to see the two mindsets meeting. Of course, it would never happen now. The Antifa fascists would just maul him.

I think if we are lucky, the collapse is 2 to 3 years away. I say that because even though there is barely any more gas left in the stimulus tank, the state banks will do whatever they can to try keep the ship afloat. They will pull out every stop. So the collapse could by delayed by 2 or 3 years.  If people start putting their affairs in order now, there is enough time to get ready.  If we aren't lucky, then I'm screwed.

John Exter is very good. Its a relief to see someone repudiate both Keynes and Friedman.

Am not sure if his two beliefs are compatible though: 

(a) free floating exchange rates
(b) fixed currency value against gold

The FX rates have to float because,in Hayekian terms, the bond and fx traders individually capture the world knowledge of oil prices, war, political turmoil, etc. 

But then the currency obviously can't redeem at a fixed rate against gold, or the arbitrage opportunities are endless.

Perhaps the currency should redeem as a fixed fraction of the gold reserves. So if:

  • gold is currently £1000/ounce
  • and the UK gold reserves currently stand at 311 tonnes or 10,000,000 oz = 10 M oz = 10,000 M GBP
  • and the UK currency currently printed and in circulation totals £10,000,000,000
  • then the redeemable value of one Pound note should be 1/10,000,000,000 of the gold reserves.

In other words, the redeemable value of one pound note would be R/C
where R is the size in ounces of the gold reserves.
and C is the total amount of currency printed or released by the central bank, 

Then, as the central bank produces more currency (either by printing or by interbank loans or by buying treasury notes), 
the real value of the Pound note would go down. 

Because the value of one Pound has gone down, the Pound could then slip down against other currencies in the FX markets. The end result would be fewer arbitrage opportunities.

But  if the UK government loses international trust, or is hit by high oil prices for example, and its currency goes down against a basket of others, this system won't work either. 

I think this part of Exter's model requires more work!

Civil War 2 in America - what comes after ? ;

Negative interest rates are the price we pay for de-civilisation ;

The collapse of the REPO (Repurchase Overnight Loans) market  last week, and bailout by the Fed, is an even more worrying sign that the collapse is near. 

Remember that sub-prime collapse that was fixed by all those re-possessions?

Think again.   There are millions of Americans who have not been paying their mortgages for years but the banks don't repossess the houses (because that would have caused a crash in the housing market).   Incredible.

Another extraordinary video.  How this 33yo knows so much is astonishing.  And he puts his knowledge to use by building successful companies by going against the prevailing wisdom.  And he doesn't come from wealth.

That video on the 2008 Housing Crisis is very good but gets a bit strange at the end. He says if you are a home owner, sell your house now! But if there's a crash coming, don't you want to just own your home outright so you at least have a place to live in? It would make sense if he'd said, "Sell your house and downsize to a place with no mortgage" but he didn't say that. Very strange. He obviously sees the big picture on the housing market, but probably not the big picture on the whole economic ecosystem. 


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Muslim Terrorism Count

Thousands of Deadly Islamic Terror Attacks Since 9/11

Mission Overview

Most Western societies are based on Secular Democracy, which itself is based on the concept that the open marketplace of ideas leads to the optimum government. Whilst that model has been very successful, it has defects. The 4 Freedoms address 4 of the principal vulnerabilities, and gives corrections to them. 

At the moment, one of the main actors exploiting these defects, is Islam, so this site pays particular attention to that threat.

Islam, operating at the micro and macro levels, is unstoppable by individuals, hence: "It takes a nation to protect the nation". There is not enough time to fight all its attacks, nor to read them nor even to record them. So the members of 4F try to curate a representative subset of these events.

We need to capture this information before it is removed.  The site already contains sufficient information to cover most issues, but our members add further updates when possible.

We hope that free nations will wake up to stop the threat, and force the separation of (Islamic) Church and State. This will also allow moderate Muslims to escape from their totalitarian political system.

The 4 Freedoms

These 4 freedoms are designed to close 4 vulnerabilities in Secular Democracy, by making them SP or Self-Protecting (see Hobbes's first law of nature). But Democracy also requires - in addition to the standard divisions of Executive, Legislature & Judiciary - a fourth body, Protector of the Open Society (POS), to monitor all its vulnerabilities (see also Popper). 
1. SP Freedom of Speech
Any speech is allowed - except that advocating the end of these freedoms
2. SP Freedom of Election
Any party is allowed - except one advocating the end of these freedoms
3. SP Freedom from Voter Importation
Immigration is allowed - except where that changes the political demography (this is electoral fraud)
4. SP Freedom from Debt
The Central Bank is allowed to create debt - except where that debt burden can pass across a generation (25 years).

An additional Freedom from Religion is deducible if the law is applied equally to everyone:

  • Religious and cultural activities are exempt from legal oversight except where they intrude into the public sphere (Res Publica)"

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