Tuesday, January 7, 2014

The Realist Report - Jason Erb: Exposing Faux Capitalism

On this edition of The Realist Report, we'll be joined by Jason Erb, host of Exposing Faux Capitalism on the Truth Frequency Radio Network. Jason and I will be discussing a variety of subjects, including the Federal Reserve and capitalism, media fakery and deception, the fake "Holocaust" narrative of WWII, and other matters.

You can download the mp3 for this program here, or visit The Realist Report on BlogTalkRadio to subscribe via iTunes and view past programs.


  1. This is a fascinating discussion. Mr. Erb takes issue with the Austrians, but seems to be basing his opinion on views that are either not held by all Austrians, or are not central to Austrian philosophy. I don't doubt that there are legitimate disagreements, but it's difficult to argue with someone who isn't there.

    John Friend: I would love to hear you interview Lew Rockwell, Tom Woods, or someone else from the Mises Institute, and have them address the issues you and your guest raised during this program. In fact, if you want to take it to the next level, consider hosting a debate between an Austrian and someone appropriate, such as Jason Erb or perhaps James Fetzer.

    Speaking of Austrians, I also would like to recommend a book: "Democracy: The God That Failed," by Hans-Hermann Hoppe, a German-born economist currently a professor at UNLV (Nevada). You can read the introduction to this book for free here:


    If I can persuade you to interview some Austrians I'll also add Hoppe to my list of suggested guests. You seem to me as if you could do a worthwhile job of exploring his opinions on the relative merits of democracy versus monarchy.

    1. Hi there, thanks for the feedback, I appreciate it. I will see about having someone on to discuss the Austrian school in the future.

    2. Hi friosteinn, and thanks for listening.

      I would very much like to hear a critical interview of some of the prominent Austrian scholars. Usually they talk amongst themselves, on Peter Schiff's show, Lew Rockwell and Tom Woods' podcast, and aren't asked the critical questions.

      I try to be as specific as possible, and some of the issues I remember raising are that Austrians don't think the government should be issuing any money. I can say that this applies to all top Austrians I have researched, including Ludwig von Mises, Murray Rothbard, Lew Rockwell, Walter Block, Gary North and Tom Woods.

      Also, I mentioned that they support a gold standard, which they admit is actually a free market in currencies, but they believe that gold will be the primary choice, and this is a wide-spread belief among top Austrians.

      I have previously interviewed Walter Block, and invited Tom Woods to come on my show to debate Anthony Migchels, but he declined, and it was because he later publicly stated he didn't want to have any "money cranks" on his show. Why is he so afraid of discussing his views with him?

      If you have any specific concerns with what I said, let me know, and I can address them here.

    3. Jason Erb:

      I haven't been able to find your speech from the UsuryFree Week; I don't know if it's available online. I did listen to your interview with Walter Block from last February. I enjoyed it, but of course it was more about Ron Paul than deep economic theory. One thing I noticed: Block mentioned his support for free trade, in particular advocating eliminating tariffs unilaterally. You didn't challenge him on that. Perhaps he would be willing to participate in another discussion?

      During your more recent appearance here, you referred to someone who took the contradictory positions that "you cannot trust the government to issue the money, but you can trust it to mediate disputes," to paraphrase. I don't believe you identified the source. I would love to hear an explanation of how those two views can be held consistently!

      Off the top of my head, here are some other questions I suggest putting to Austrians:

      What is the Austrian position on the government borrowing money?

      Does capitalism exploit the worker, the nation, or nature? (And relatedly, what does it mean to "exploit" and is it necessarily a bad thing, if not why not?)

      Do Austrians advocate "making money for money's sake?" or do they advocate using money as a means to some other end, if so what?

      In particular, I am interested in how Austrian Economics addresses the problem of workers getting the short end of the economic stick. This issue seems pressing and legitimate, and may not be raised when Austrians are talking to each other. In particular, I would ask Austrians to explain how tariffs help or hurt a nation's domestic workers?

      Incidentally, I believe Tom Woods is more of an historian than an economist. He may or may not be the most appropriate guest, depending on what topics you plan to cover. Two Austrian Economists that come to mind are Bob Murphy and Mark Thornton, just based on who is currently making the rounds of the podcast-o-sphere. But there are many economists associated with the Mises Institute for sure.

      Finally, here are a couple more book recommendations. You probably might have read these already, but if not: (1) "The Mystery of Banking" by Rothbard, especially the chapters on Central Banking. It's the most detailed explanation I've ever read on the mechanism of the Federal Reserve scam, presented with mathematical precision. (2) "Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution" by Edwin Vieira is an extremely detailed legal history of the US monetary system.

      John Friend: your podcast series is epic. Please keep it up!

    4. Hi friosteinn,

      There was no publicly-available recording made of my UsuryFree week speech. I based it upon this summary I provided on my show here. http://truthfrequencyradio.com/podcasts/exposingfauxcapitalism/exposingfauxcapitalism.2013-09-22.mp3

      Yes, I am well aware of Block and others (Lew Rockwell and more) advocating the unilateral removal of tariff barriers, and I have particularly criticized that in the past as being akin to going to a gun fight with a knife.

      No, I didn't challenge him on that, but I did support Ron Paul's view of eliminating the death penalty for federal crimes, which he took exception with, and I specifically said that I don't think the government should borrow money to pay for its constitutionally enumerated and valid powers, which is at odds with his position. I didn't challenge him on tariffs or anything else beyond what I mentioned, because it was his first appearance, it was only about 45-minutes of commercial-free airtime, and the focus was his book, Ron Paul Paul for President in 2012.

      You said: "During your more recent appearance here, you referred to someone who took the contradictory positions that "you cannot trust the government to issue the money, but you can trust it to mediate disputes," to paraphrase. I don't believe you identified the source."

      I didn't immediately cite the source, but later did in the interview, when mentioning another point. It is Gary North, and you can read more of the details at my article, http://fauxcapitalist.com/2011/01/03/gary-norths-free-market-gold-standard-is-also-a-fools-gold-standard/

      As for the Austrian position on tariffs, as I mentioned in the interview, even Ron Paul wanted to get rid of them, which I said was amazing, considering he would know that was what built the U.S. economy up in the early years before the personal income tax.

      Regarding Edwin Vieira, I challenged him on his advocacy of his interpretation of Article I, Section 10 that States are required to make gold and silver coin legal tender in payment of debts. I argue, as does Judge Douglass Bartley, who wrote "the Constitution Betrayed", that it's only a requirement *if* the States decide to enact legal tender laws.

      Thanks for your comments.

    5. Jason Erb:

      One other thing: I share your interest in local currencies. There are some very instructive examples of successful local currencies from Germany and Austria between the two world wars. I wish I knew more about them than I do, but I am aware at least of this web page:


      Unsurprisingly, the German "Wara" system was so successful that the..ahem..international banking "fraternity" put the kibosh on it. Then came WWII and the rest is history.

  2. This is an excellent program, one of my favorites,keep up the outstanding work!! I really appreciate everything you have done and I too have a child whos mother is half Mexican, so I really relate to you,and realize our centrist view is most logical,hardliners I do respect but I don't want to be ostracized for my family and im totally pro white.id love to hearva show about how to approach this issue as well

    1. Thanks electric menace, I thought this was an excellent program, too. Jason has some very unique insights into a variety of subjects.

      And thanks for your kind words, I really appreciate it! I have been thinking about writing an article about race mixing and discussing my personal situation. I may decide to do that in the near future. I don't mind talking about it on air, and have in the past (although very generally - nothing specific). Perhaps I will do that soon.

      Thanks again!

  3. Hi John, Great programme! During the interview you mentioned a book you were reading about German economic and social policy under Hitler but I can't find the reference.

    1. Hey Lenny, thanks! The book I referred to is called Hitler's Revolution: Ideology, Social Programs, Foreign Affairs by Richard Tedor. It is an excellent book, one of the best I've read dealing with National Socialist Germany and what they were all about.

      See here:


      If you are a history buff, I highly recommend subscribing to The Barnes Review as well. It is an awesome magazine, well worth the modest subscription price.

  4. Thanks for that. I've ordered this book, looks like a good read. There's a dearth of decent material available on this subject, esp about how the post-Wiemar economy was rebuilt so quickly, and without the private central banks. That's the part we need to understand. Just a thought, but you might want to start an essential, or recommended, reading list on your blog one day.

  5. Great show, and I appreciate the emphasis on localism. Truly God did not design us to have everything centralized and to have everyone dependent on gigantic powers, who could pull the plug on us at any time. And most people would have no clue how to survive if the grid were to go down.

    Again I say, local Christian communities is the answer to this, and separating from the grid. As long as we do not know how to live independent of the grid, we will forever be slaves.

    John and others, please do check out the upcoming film "Beyond Off Grid" and also a book called "Surviving Off-Off Grid". Especially for those of you who are Christians.

    By the way, this kind of system works best in a Christian community, where people are devoted 100 % to the Lord Jesus and are not seeking the love of money. A non-Christian community will have huge problems due to their hearts not being changed by the only one who has the power to make us holy and conform to God's word, the Lord Jesus Christ.


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