| February 15, 2014 | | | | | | | |  | | | | An Economist's Valentines Day... | | | | | - Six economist's valentines to keep in your back pocket next year...
- The week's top-five essays from Addison Wiggin… Neil George… Ralph Benko… Jud Anglin and Doug Hill…
- Plus, Dominic Frisby turns up in today's Flotsam and Jetsam section to give the last words on America in 50 years… Warning: his view isn't as rosy as our other editors' from this week...
| | | | | | | | | | | | Could this man be the next Snowden?
After years of testing, one man has finally "cracked" the code.
He has "hacked" what could be the NSA's most prized surveillance strategy… and found a way to apply their analytical tools to the stock market.
He recently assembled a presentation with complete details about his discovery… but for safety reasons, he has "concealed" his identity.
Click here now to watch this presentation before it's taken offline. | | | | | | | | | | |  Peter Coyne, republishing the valentines he got...
We were given the following "economist's valentines" yesterday: "You raise my interest rate by thirty basis points…without a corresponding drop in my sentiment..." "Despite decades of inflation, I still dig your supply curve…" "How about we increase housing starts together?" "Oh, won't you tell me whether my expectations are rational… "How about you and I assume a ritzy hotel room and a bottle of champagne…
And last, but hardly least... "Only you stoke the animal spirits of my market…
Heh. Keep em in your back pocket for next year. Below, you'll find this week's top essays from The Daily Reckoning. Neil George, kicked off the week positing it was "morning again in America". That's all it took for the wave of reader mail to roll in… which propelled the theme for the rest of the week. Check each of our experts takes below. Then, Dominic Frisby turns up in today's Flotsam and Jetsam section (scroll all the way down) to give the last words on the future of America. "Want to know just how invasive the state is going to get in the United States?" he writes below. "Take a look across the pond." More from him below... Thanks for reading. Talk with you tomorrow… | | | | | | | | | | | | Is "Big Oil" Scared of This Breakthrough?
One of the world's biggest oil companies wrote a $300 million check to a very tiny company that I almost guarantee you've never heard of.
Why? Because of what they've just discovered.
In short, this little company is figuring out how to "make" oil… and gas… and even jet fuel… in a laboratory beaker. Without drilling rigs. Without shale or tar sands or "fracking."
Says the U.S. Department of Energy, if they get it right… this breakthrough could one day meet 100% of the U.S. demand for gas and oil. It could also make a lot of smart Americans very rich.
Click here to find out how -- the details are free. | | | | | | | | | | | This Week In The Daily Reckoning
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 IT'S MORNING AGAIN IN AMERICA
2/10/14
"It brings to mind what is considered one of the greatest political ads of all time, created for the 1984 election between Ronald Reagan and Walter Mondale. It was called, "Prouder, Stronger, Better.""
 BENKO'S LAW: PATH OF LEAST RESISTANCE
2/12/14
"Benko's law (this one's eponymous) holds: Most people typically take not the right path, nor the best path, but the path of least resistance. Now, the war over, the path of least resistance is: small government liberal republicanism…"
 3 QUIRKY BUT LEGAL TAX DODGES THE IRS HATES
2/15/14
"I've been handpicking the best solutions to help you reclaim your money, your happiness, and your self-reliance in today's "changing" America. After hundreds of hours of research… my team and I compiled the best of the best of these solutions…"
 FINDING YOUR BEST HEALTH CARE FIT
2/13/14
"'A small but growing number of doctors is opting out of the insurance system completely.' Instead, they're attempting to take back control from third parties , seeking cash-only payments..."
 AN OUTFLOW OF ILLEGAL IMMIGRANTS
2/11/14
"Nearly three years after chronicling the trend in our Addison Wiggin's Apogee Advisory special report, the mainstream finally catches up. It only took a 221% increase from 2012 in the number of people fleeing the 'Land of the Free.'" | | | | | | | | | | | | The Last Legal Currency Loophole in America
In short, we've just uncovered what could be the safest (and easiest) investment idea we've ever found.
And it's been hiding in our pockets the whole time!
Click here now to find out more… | | | | | | | | | | | | | Flotsam & Jetsam
******************************* | | | | 50 Years to Go on the Road to Serfdom | | | | by Dominic Frisby | | | | |  Want to know just how invasive the state is going to get in the United States?
Well, take a look across the pond.
In terms of the large, invasive state, we English are way ahead of you guys. We're a good 50 or more years further down the road to serfdom.
From the end of the Napoleonic wars in 1815 to World War I in 1914, it was a period of unprecedented peace, prosperity, innovation, and invention. The lots of millions were bettered.
We became more literate, more numerate, and healthier. We lived longer and we grew richer. Peasants who moved to the cities to work in the factories during the Industrial Revolution saw their children become members of the new educated middle class. The efficiencies of the Industrial Revolution and the wealth generated by it led to the abolition of slavery in 1834 — yes, we were a generation ahead of you guys.
One of the first things people chose to spend their newly generated wealth on after food, clothing, and shelter was education: bettering their lot. By the 1860s, literacy rates had more than tripled from the beginning of the century, and something like 95% of the population could read.
It was achieved without the help of the state. In 1965, the historian A.J.P. Taylor wrote:
Until August 1914, a sensible, law-abiding Englishman could pass through life and hardly notice the existence of the state beyond the post office and the policeman. He could live where he liked and as he liked. He had no official number or identity card. He could travel abroad or leave his country for ever without a passport or any sort of official permission. He could exchange his money for any other currency without restriction or limit. He could buy goods from any country in the world on the same terms as he bought goods at home. For that matter, a foreigner could spend his life in this country without permit and without informing the police.
Things began to change in the late 19th century. People were getting worried about those at the bottom of society. So in 1870, the government made education compulsory. Then they started providing it.
The Liberal government of 1906-14, championed by David Lloyd George and Winston Churchill, started helping us out in other ways. They gave us pensions and health care. The Pensions Act of 1908, the People's Budget of 1909-10 (to "wage implacable warfare against poverty," declared Lloyd George), and the National Insurance Act of 1911 saw the Liberal government moving away from its tradition of laissez-faire systems toward larger, more intrusive government.
Taxes were collected from the wealthy and the proceeds redistributed. Afraid of losing votes to the emerging Labour party and the increasingly popular ideology of socialism, modern liberals betrayed their classical principles. In his War Memoirs, Lloyd George said "the partisan warfare that raged around these topics was so fierce that by 1913, this country was brought to the verge of civil war."
| In 1914, the British government took us off the gold standard to pay for World War I. | Then our government got us involved in this wonderful thing called World War I. It led to the death of about 8 million soldiers and another 12 million civilians. Not only did it destroy lives and families, but it destroyed people's ability to look after themselves and their kin. So the government stepped in and got even more involved — and Britain was caught in an ever-increasing vicious circle of state involvement in our lives.
Do you know something? In 1914, the British government took us off the gold standard to pay for World War I. The German government did the same. If either had had to pay for that war in cash gold, neither could have done so — and the war would have had to stop.
Instead, governments perpetrated their atrocities and were able to do so through the theft that is fiat money.
Meanwhile, Europe's gold went west, and with it went our glorious libertarian society. Just as Byzantium followed Rome, the USA followed Britain and became the world center of innovation, freedom and prosperity.
Fast forward a couple of generations and the U.S. began to make the same decisions we did — crazy foreign wars, abandoning the gold standard, an ever-growing welfare state designed to help people but having the opposite effect.
Britain has long been bankrupt. Were it operating in a natural market environment, our state would have long since gone under. But it doesn't. It grows and grows and invades.
The U.S. will do the same.
Regards,
Dominic Frisby
for The Daily Reckoning
P.S. But have no fear. You can still prosper. You and your family can still enjoy life… There are at least 14 tricks to avoid the tax man when April 15 comes around… not to mention steps to legally opt out of Obamacare… ways to become invisible to the NSA and more. Don't worry, they're all legal...and cost less than the cost of a cup of coffee. Click here to learn how just $7 could buy you the key to a life of freedom and prosperity. | | | | BE SURE TO ADD dr@dailyreckoning.com to your address book.
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