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Time to Shrug
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[Editor's Note: the following post is by Redmond Weissenberger, TDV Managing Editor and the founder and director of the Ludvig von Mises Institute of Canada]
“If you’ve got a business -- you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.”
— Barack Obomber, July 13, 2012

“‘He didn’t invent iron ore and blast furnaces, did he?’ ‘Who?’ ‘Rearden. He didn’t invent smelting and chemistry and air compression. He couldn’t have invented his Metal but for thousands and thousands of other people. His Metal! Why does he think it’s his? Why does he think it’s his invention? Everybody uses the work of everybody else. Nobody ever invents anything.’
She said, puzzled, ‘But the iron ore and all those other things were there all the time. Why didn’t anybody else make that Metal, but Mr. Rearden did?’”
— Ayn Rand, Atlas Shrugged
The unbelievable stream of ignorance continues to flow from the mouth of the Murderer-in-Chief who currently inhabits the White House.
Schooled in the Marxism of Saul Alinsky and Weather Underground member Bill Ayers, Obomber recently claimed that entrepreneurs “didn’t build” their businesses.
For more funny memes, see http://didntbuildthat.com/
Obama was paraphrasing the unbearable Elizabeth Warren, candidate in the 2012 Massachusetts State Senate Election. Her quote in full:
“No! There is nobody in this country who got rich on his own. Nobody! You built a factory out there? Good for you! But I want to be clear: You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You, uh, were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory and hire someone to protect against this because of the work the rest of us did.”
Never mind that roads, railroads, and sailing ships in the 19th century were uniformly private. Never mind that the greatest rise in the quality of life in the world occurred before governments had seized monopoly control of the “education” of “citizens”. Never mind that in today’s stagnating economic world, the few bright lights are seen in such purely free market areas as cell phones.
No, there is a reason even staunch Partisan democratic super wealthy are defecting from the USSA: the slow crawl towards socialism and The End Of The Monetary System As We Know It (TEOTMSAWKI).
SHRUG TIME
Many of those who you would normally call "early adopters" already left, a while ago. People like Marc Faber, Jim Rogers, Doug Casey and the vigilante himself, Jeff Berwick. And, that was before the outright movement against the productive. Now that most US politicians are all but castigating anyone who dare create wealth, those who remain have to ask themselves, is it shrug time?
At the very least, the productive class needs to be looking at getting a second passport (find out more on how here), offshoring their companies and banking (more on that here) and looking at expatriation options which we discuss regularly. Just yesterday we featured an insider look at expatriating to San Miguel de Allende to paid subscribers (subscribe here). Or, look at getting out to one of numerous libertarian communities, just like Galt's Gulch, such as Doug's Gulch in Argentina or Jeff's Gulch in Acapulco... and many more that we intend to cover in our newsletter at TDV over the coming year.
Because, when a dangerous man like Barack Obama, who has never created his own business, is holding all the guns and he tells you that you didn't create the wealth you did... that it is, in effect, "all of ours", it's time to head for the exit... before he lives up to his word and takes what you've got, for the "greater good".
Redmond Weissenberger is the Managing Editor of the Dollar Vigilante and TDV Golden Trader. He is also the founder and director of the Ludwig von Mises Institute of Canada, www.mises.ca.














Comments (27)
Eduardo Saverin the Jewish Brazilian cum ex US citizen made his money as an entrepreneur and any funds gained from Facebook stock was an arms length contract in the free market. Anyone who pisses and moans about purchasing shares in the open market doesn't know how to buy a share. It's like complaining about the price of a car. No one forces anyone to buy stock they do it of free will.
@To the guy that decided to post with Clay as AuthorThat's ok, I'm not mad :) The American people invented itI don't know if the ones that were connected to the ARPANET project were all American citizens... I do know that the money did came from DARPA.. We do know one thing, government is the most dollar wasteful way of funding research rife with cronyism and overspending.Maybe the US Government is. Not being an American Citizen, I have no opinion about that... I'm only interested in real facts, not assumptions. Bought out by companies like Monsanto and Goldman Sachs. Who would support an organization that passes NDAA, Drones spying overhead and endless war except a lunatic.I agree!
Btw, Eduardo Saverin did not sell their shares in the free-market. He sold them prior to the market opening at a price fixed by the company through manipulation. If he had sold in the "Free-Market" (which does not exist in the US), things would have been different. If fact, you all saw how low the shares price got...
From BABAUS2"Capitalism is build on principles of Pillage the most of needed to build/invent something"ROFLOLYou have some reading to do my friend...I suggest you start here http://wiki.mises.org/wiki/Capitalism
regarding the internet:Simply because the government entity DARPA assisted in creating a network of computers in no way means that the government was integral or in anyway necessary for the internet.From wiki Research into packet switching started in the early 1960s and packet switched networks such as ARPANET, Mark I at NPL in the UK,[6] CYCLADES,[7][8] Merit Network,[9] Tymnet, and Telenet, were developed in the late 1960s and early 1970s using a variety of protocols. The ARPANET in particular led to the development of protocols for internetworking, where multiple separate networks could be joined together into a network of networks.The first two nodes of what would become the ARPANET were interconnected between Leonard Kleinrock's Network Measurement Center at the UCLA's School of Engineering and Applied Science and Douglas Engelbart's NLS system at SRI International (SRI) in Menlo Park, California, on 29 October 1969.[10] The third site on the ARPANET was the Culler-Fried Interactive Mathematics center at the University of California at Santa Barbara, and the fourth was the University of Utah Graphics Department. In an early sign of future growth, there were already fifteen sites connected to the young ARPANET by the end of 1971.[11][12] These early years were documented in the 1972 film Computer Networks: The Heralds of Resource Sharing.It was always a mix of universities, private entities and to a small extent, government.But at a fundamental level the internet is about communication - and there is ample historical evidence that private industry (capitalists) has absolutely no problem creating and implementing globe-spanning communications networks without the force of Government.The simple fact that the government has chosen to monopolize certain sectors of the economy in no way means that we need a gun put to our head to improve our own lives.And we would all be better off if they just got the fuck out of our way.
I know of at least 2 guns that Obama doesn't have.Soap BoxBallot BoxJury BoxAmmo Box
This is outrageous, Claymore.The DARPA? The damned DARPA funded the internet research? Huh? And who funded DARPA?They came to me with guns and robbed me, that's who! I didn't order this research, and never intended to pay for it. They also did that to every PRODUCTIVE "US person". They also did that to everyone who they forced to use the US dollar. The only ones that NEVER PAID for that, were exactly the ones now claiming credit, - the non taxed "poor" and ANYONE who works for the government.In fact, the only reason that the internet still sucks so much, is precisely because it was developed by the people without talent, those who could not make it in the open, those sucking on the government tit.And, no that agency you mention doesn't OWN the internet. They insist on controlling it, but without ANY grounds. And, the dns is not essential to the internet, in case you are new to how it works. (I know, that is what it says in every government textbook).Sometimes you say things that just so Marxist, I don't know if you jocking or not.
@mavaThe US Goverment also never asked for you to go live in the US but yet, you went...If you don't like what I write, close your eyes and don't read it :)You also wrote idiotic things like "Nuclear Science is evil" (yeah, I have not forget that epic fail lol...)Marxist? I just stated an obvious fact... if stating real facts is being Marxist, than truth and reality are Communists, by your point of view...
Military spending of taxpayers production funded Stanford. Americans paid for the funding therefore it stands to certain reason that creations thus born out of stanfords labs belong to the American taxpaying public. I've used the public net since the late 1970s. Government had little to do with it. As governments grow larger they increase in corruption. The American government is an illegal and unconstitutional corporation practicing corporatism upon the populace. There exists a group of inter generational dynastic families formerly know as the money trust back when they illegally instituted the federal reserve central banking system in 1913. Today they are the same only more powerful and much more corrupt. The anglosphere mercantile banker elite practice mercantilism upon the world. They are the private secret shareholders of blackrock and formerly barclays which they have quite obviously manipulated in order to introduce more capital controls. All self described intellectuals better start doing research. The money power ulitizes the energy of the left even more so than they do the right. Step out of the little plastic box of the 2 party paradigm and realize free markets exist everywhere and they have indeed existed in America. Freedom and individual liberty is the answer. Remove leviathan and see the world thrive. Remove the fractional reserve worthless thieving central bank and see Americans produce again.
I like that Jeff new saying: (ITJFTFOOOW) . . .(*If They'd Just Get The Fuck Out Of Our Way), might be a nice book end to: The End Of The Monetary System As We Know It (TEOTMSAWKI)
Enough urban legends, Claymore. Read the following article.http://online.wsj.com/article/SB1000087239639044446430457753906300840651...
@MoTWhat urban legends? Can you explain what did I said that was not right? That article only explains what I previously stated... ARPANET was the start, pumped by DARPA funding... in fact: As for the government's role, the Internet was fully privatized in 1995, when a remaining piece of the network run by the National Science Foundation was closed So... I don't know what was your objective with that link... Want to know more about internet history? Read some telecommunication books, not the Wall Street Journal...
I am a little disapointed - I agree with this comment:" @AruosI believe that Obama is giving that statement as a freedom opinion. He is stating that every single company has the freedom to profit from using the Internet network. No one can deny that the Internet allowed a massive growth boom in modern services and utilities that function by accessing the Internet.My comment was only about that, since most of this article is incredibly biased, taken out of context and purely sensationalist... In this article, for example, the "super wealthy are defecting" theme is again repeated and brought up to the light but yet, there is no observation or comment (again) about the super wealthy that got their money by manipulation of the stock market, like Eduardo Saverin did, in the days before the premiere of the sale of the shares of Facebook. Nether the theme of own some super-wealthy individuals, striped down other individuals from their wealth by using deceiving and marketing tactics, effectively stealing their possessions... not a single word about this...Pity..."Pity, indeed.
The American people invented it. It's their money, their knowledge. The government has no money or knowledge but for them. Who's to say the American people wouldn't have invented it much earlier if they didn't have their bank accounts emptied paying for the Korean and Vietnam wars previously. No one really knows. We do know one thing, government is the most dollar wasteful way of funding research rife with cronyism and overspending. Bought out by companies like Monsanto and Goldman Sachs. Who would support an organization that passes NDAA, Drones spying overhead and endless war except a lunatic.
@Chris HorlacherIt's provably wrong too. Without government funding of the sciences we get more science, producing more practical inventions.I could say that This is of course, pure speculation too :) But I just prefer to point facts... Why is that, when the ARPANET was developed, that only almost 2 decades later, the private sector had the "balls" to invest in such project? Science Research is a high risk investment! It has always been and it will always be! If an Entrepreneur is after a quick profit in Science research, than it is looking in the wrong place...Practical inventions you say? What is for you, a practical invention? How do you know what kind of research was done specifically for a practical invention? Did you know that most products nowadays, are in fact, the result of decades of research in nuclear physics? I give you the example of the Micro-wave Oven, which is an application of radar technology, which is also the result of research in micro-waves and nuclear radiation. Just because someone cannot see a direct pact between the research and the final product, it doesn't mean it is not there, it only means that it needs "better eyes" to see it! This is actually where Entrepreneurs enter!
"But without DARPA funding, it would have not been possible or, ti would have appeared much much later."This is, of course, complete speculation. It's provably wrong too. Without government funding of the sciences we get more science, producing more practical inventions. This has actually been studied and they found that for every dollar the government spent on research, it eliminated more than a dollar of private funding. I suggest looking up Terence Kealey.Not to mention that an organization that prints money doesn't face the same risks as one that does, so it was hardly entrepreneurial. It was maybe the one thing DARPA produced (out of hundreds of billions of wasted dollars) that amounted to anything. That's a pretty low success rate.
..Wessenberk is wrong..lol..as Capitalism is build on principles of Pillage the most of needed to build/invent something ..Theories are Thoughts "costing` only Time (some claim: "time`s money"..si si according pillagecapitalism)..to Realizy/ Furthering/ Materializing the Theory to whatever Commodity requires the PillageCapitalism to take.. Shape....The Self-Made-Man is Myth..Laundered by Hollywood.. ;-)
@KashyapI just finished reading the article from Mises.org that you invited me to read.It seems that the author focus it's attention in the research teams growth problem. Although in some aspects or fields it might be true (just a little bit), there's a thing called CERN that proves it wrong.CERN research is funded both by public and private funds, it has a massive research teams (over 2 thousand scientists) and they have achieved great accomplishments since the LHC was turn on.Also, there's some confusion about what profit actually means in science (in the context of the article).Failure is something normal in Science, that's why it's called Research and not Production, but it doesn't mean that profit cannot be obtained later, from failure. Sometimes, one require "good eyes" in order to see "the profit" wherever it is monetary or pure knowledge (which in my opinion, is the real profit).
@ShaneThe US never had a Free-Market.@KashyapI'm not crediting the Government for inventing the internet. The credit should be given to all the engineers and technicians that accomplish the creation of ARPANET. But without DARPA funding, it would have not been possible or, ti would have appeared much much later. The first "draft" (if we can call it that way) of the modern Internet, was when in the 70's, US Universities where interconnected and also connected to the ARPANET and also, with DARPA development of the e-mail concept. Again, Government funding... where was the private funding at the time? It seems that for me, the US Government took all the risk in funding these research projects.Anyway, from the answers posted here, there seems to be quite a lack of knowledge about how the internet appeared and how it really works... I leave that for your own home-research assignments.Peace!
Alright! A shout out to the Isaac Brock Society, one of my other favorite sites! That linked article is superb to help explain to the average joe six pack out there why citizenship-based taxation is so perverse and needs to be abolished as quickly as possible for the benefit of everyone.And yes, time to shrug. Time to buy silver. Time to diversify. Atlas Shrugged Part II coming in November!
lol. What an appropriate image for this post on the DV's facebook page: http://www.facebook.com/photo.php?fbid=475693122443123&set=a.33103449690...
"Actually, when Obama was referring to the creation of the Internet, he is right. It was the DARPA money that developed the ARPANET, which is what you can call, the baby version of the current Internet."http://archive.mises.org/15259/the-myth-of-under-provision-of-science-by...That article addresses that point.A sentence from that article sums it best: Crediting the government for the invention of the internet is like crediting the Pharaohs for the modern Egyptian tourist industry. The fact that the pyramids they built enabled the private sector to detect a market opportunity in modern times does not in any way mean they should be given credit for it.
What the world needs is a kill switch to shut down all government....YES>
@ ClaymoreWhere did the DARPA money actually come from? The free-market. Govt. has no money of its own...it exists on the productive labor of others...when are people gonna get that?
Claymore, Government may have created the technology that runs the internet, but I don't believe it was "SO THAT ALL THE COMPANIES COULD MAKE MONEY OFF THE INTERNET"
@AruosI believe that Obama is giving that statement as a freedom opinion. He is stating that every single company has the freedom to profit from using the Internet network. No one can deny that the Internet allowed a massive growth boom in modern services and utilities that function by accessing the Internet.My comment was only about that, since most of this article is incredibly biased, taken out of context and purely sensationalist... In this article, for example, the "super wealthy are defecting" theme is again repeated and brought up to the light but yet, there is no observation or comment (again) about the super wealthy that got their money by manipulation of the stock market, like Eduardo Saverin did, in the days before the premiere of the sale of the shares of Facebook. Nether the theme of own some super-wealthy individuals, striped down other individuals from their wealth by using deceiving and marketing tactics, effectively stealing their possessions... not a single word about this...Pity...
Actually, when Obama was referring to the creation of the Internet, he is right. It was the DARPA money that developed the ARPANET, which is what you can call, the baby version of the current Internet.Also, the layman could state that the Internet has no owner which is totally fake and to say that, is to reveal a total lack of knowledge about how the Internet works. One could search on the web about the IANA (a department of ICANN) and IETF (whose work is funded by the NSA) and understand how they control the internet and how these agencies are government controlled. Internet shut down button? No problem! just kill all DNS servers and the Internet will be effectively shut down.
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