Thread: Ron Paul on the Issues

Due to recent LEGAL developments that Republican candidate Mitt Romney is involved with, namely a PONZI scheme, I will Abstain

Submitted by joeinmo on Thu, 05/03/2012 - 22:09

I would let every delegate know, that all you have to do is say this., "Due to RECENT developments and legal proceedings regarding a Ponzi Scheme that Mitt Romney and his son are involved in, I will have no choice but to abstain in voting for a candidate at this time. I do not feel that it is in the best interest of The United States or it's citizens to help elect someone who could shortly be a convicted criminal".

By the way, remember the debates when Texas Gov. Perry mentioned Ponzi scheme, wonder if he knew something, anybody have a YouTube of Mitt's face when he said the words Ponzi Scheme?

Due to recent LEGAL developments that Republican candidate Mitt Romney is involved with, namely a PONZI scheme, I will Abstain | Peace . Gold . Liberty | Ron Paul 2012

Stealth Delegates Elected!

Submitted by Bluegillmaster on Thu, 05/03/2012 - 23:01
Michigan

Six stealth Ron Paul Delegates were chosen to go on to the Michigan State Convention This afternoon out of Kalamazoo County! These people have absolutely no clue as to what were doing. We had to overcome a preselected slate – but in the end it could not have turned out any better given our representation at the convention. It is possible there were more RP delegates that were chosen that I am not aware of since no discussion of that nature took place. This is especially good news as Rick S won our district during the Michigan Primary – and we are all unbound delegates. I wonder if this is happening in other Primary states? Next I will try my best to get elected to the National Convention.

I have been told that it could cost over $5,000 to attend. WoW! I’m not sure that I can swing that.

Does anyone know if this is true?

Stealth Delegates Elected ! | Peace . Gold . Liberty | Ron Paul 2012

Over 5,000 for Ron Paul at University of California – Davis

Every. Single. Time.



Over 5,000 for Ron Paul at University of California - Davis*|*Ron Paul 2012 Presidential Campaign CommitteeRon Paul 2012 Presidential Campaign Committee

Ron Paul Rocks CSU at FullertonAnother Ron Paul rally, another packed house. 4,000 plus today at California State University at Fullerton.




Ron Paul Rocks CSU at Fullerton*|*Ron Paul 2012 Presidential Campaign CommitteeRon Paul 2012 Presidential Campaign Committee

Ron Paul Statement on Newt Gingrich Campaign Suspension

LAKE JACKSON, Texas – 2012 Republican Presidential candidate Ron Paul released the following statement concerning Newt Gingrich’s departure from the race for the Republican nomination. Below please find comments from Congressman Paul:

“As he exits the race for the Republican nomination, I’d like to acknowledge my former colleague in the House Newt Gingrich for running a spirited campaign. In particular, I want to thank the former Speaker for echoing my calls for monetary policy reform including a full audit of the Federal Reserve, steps that will bring America closer to lasting economic prosperity for middle-class Americans who bear the brunt of the dangerous and unjust inflation tax.”

Ron Paul Statement on Newt Gingrich Campaign Suspension*|*Ron Paul 2012 Presidential Campaign CommitteeRon Paul 2012 Presidential Campaign Committee

Why Paul Appeals to Young Voters More Than Obama or Romney

Some observations on how young voters are fed up with both parties and have moved away from many of Obama’s liberal policies. Young Americans are far more liberty-minded these days and neither party is fulfilling their political desires effectively.

Writes John Zogby at Forbes:
Mitt Romney has spent months selling himself to the Republican base. Now, Barack Obama is working overtime trying to re-sell himself to his base of voters age 18-29.Team Obama knows that hard times and the growing libertarian leanings of young voters will make them a more difficult target than four years ago…

However, on some key issues, majorities of First Globals are not doctrinaire liberals. The poll found less than majorities agree with liberals on some of their most cherished beliefs. For example: 44% agree health insurance is a right government should provide for those who can’t afford it, 43% agree with the same statement about food and shelter, 37% agree government should spend more to reduce poverty, 20% agree government spending is an effective way to economic growth and 28% agree government should do more to curb climate change even at the expense of economic growth. (That last number has to hurt environmentalists.)

Lest Republicans get too giddy at those findings, they should also know less than majorities agree with these conservative and neo-con ideals: 22% agree it’s sometimes necessary to attack potentially hostile countries rather than waiting until we are attacked, 23% are willing to give up some personal freedoms for the sake of national security, 39% agree cutting taxes is an effective route to economic growth…

These attitudes betraying both the traditional left and right fall generally within the bounds of libertarianism. Live and let live. Individual responsibility is as important as collective responsibility. Avoid military interventions. Distrust both government and corporations. Protect civil liberties.

Young voters have been the energy behind Ron Paul…

Why Paul Appeals to Young Voters More Than Obama or Romney*|*Ron Paul 2012 Presidential Campaign CommitteeRon Paul 2012 Presidential Campaign Committee

Ron Paul: “The Next Crisis Will Be Even More Destructive”

Ron Paul
May 3rd, 2012
FTComments (52)
Read by 2,674 people

Editor’s Note: Congressman Ron Paul explains why the monetary policies of the Federal Reserve are responsible for financial and economic crises spanning several decades, including the one in which we currently find ourselves. Putting the brunt of the blame for our situation on the Fed, government intervention and neo-capitalists dependent on easy central bank money, Paul notes that these policies not only led to the bursting of the housing bubble in 2008, but that they will lead to an even worse crisis down the road as our currency is destroyed and our debt becomes un-serviceable. We opine that, while Ron Paul lays out a common sense approach to stop the madness, those in power will continue to pursue strategies and policies that work only to enrich the upper echelons of society while the masses continue to struggle with an untenable situation where prices for essential commodities like food and energy continue to rise, debts pile up to levels that can never be repaid, and the productive capacity that made America great shifts to slave labor driven third world countries and emerging economies.

Article Via The Daily Crux
Originally Published by Ron Paul at FT

---

Our central bankers are intellectually bankrupt

by Ron Paul

The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers.
Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while socialism and centralised economic planning have largely been rejected by free-market economists, the myth persists that central banks are a necessary component of market economies.

These economists understand that having wages or commodity prices established by government fiat would cause shortages, misallocations of capital and hardship. Yet they accept at face value the notion that central banks must determine not only the supply of one particular commodity – money – but also the cost of that commodity via the setting of interest rates.

Printing unlimited amounts of money does not lead to unlimited prosperity. This is readily apparent from observing the Fed’s monetary policy over the past two decades. It has pumped trillions of dollars into the economy, providing money to banks with the hope that this new money will spur lending and, in turn, consumption. These interventions are intended to raise stock prices, lower borrowing costs for companies and individuals, and maintain high housing prices.

But like their predecessors in the 1930s, today’s Fed governors behave as if the height of the credit bubble is the status quo to which we need to return. This confuses money with wealth, and reflects the idea that prosperity stems from high asset prices and large amounts of money and credit.
The push for easy money is not new. Central banking was supposed to have ended the types of periodic financial crises the US experienced throughout the 19th century. Yet US financial panics have only got worse since the centralisation of monetary policy via the creation of the Fed in 1913. The Depression in the 1930s; the haemorrhaging of gold reserves during the 1960s; the stagflation of the 1970s; the dotcom bubble of the early 2000s; and the current recession all have their root in the Fed’s loose monetary policy.

Each of these crises began with an inflationary monetary policy that led to bubbles, and the solution to the busts that inevitably followed has always been to reflate the bubble.

This only sows the seeds for the next crisis. Lowering interest rates in an attempt to forestall a recession in the aftermath of the dotcom bubble required massive credit creation that led to the housing bubble, the collapse of which we still have not recovered from today. Failing to learn the lesson of the bursting of both the dotcom bubble and the housing bubble, the Fed has pumped trillions of dollars into the economy and has promised to leave interest rates at zero through to at least 2014. This will only ensure that the next crisis will be even more destructive than the current one.

Not content with its failed attempts to prop up the US economy, the Fed has set its sights on bailing out Europe, too. Through currency swaps, it has committed to offering potentially hundreds of billions of US dollars to the European Central Bank and we cannot rule out the possibility of direct intervention.

The Fed’s response to the crisis suggests that it believes the current crisis is a problem of liquidity. In fact it is a problem of poorly allocated investments caused by improper pricing of money and credit, pricing which is distorted by the Fed’s inflationary actions.

The Fed has made banks and corporations dependent on cheap money. Instead of looking for opportunities to invest in real products that will serve the needs of consumers, Wall Street awaits the minutes of each Federal Open Market Committee meeting with bated breath, hoping that QE3 and QE4 are just around the corner. It is no wonder that long-term investment and business planning are stagnant.

We live in a world that seems to have abandoned the concept of savings and investment as the source of real wealth and economic growth. Financial markets clamour for more cheap money creation on the part of central banks. Hopes of further quantitative easing from the Fed, the Bank of England, or the Bank of Japan – or further longer-term refinancing operations from the ECB – buoy markets, while decisions not to intervene can cause stocks to plummet. Policy makers focus on spurring consumption, while ignoring production. The so-called capitalists have forgotten that capital cannot be created by government fiat.

Control of the world’s economy has been placed in the hands of a banking cartel, which holds great danger for all of us. True prosperity requires sound money, increased productivity, and increased savings and investment. The world is awash in US dollars, and a currency crisis involving the world’s reserve currency would be an unprecedented catastrophe. No amount of monetary expansion can solve our current financial problems, but it can make those problems much worse.

The writer is a US congressman and a candidate for the Republican party’s presidential nomination

Ron Paul Smackdown: "The Next Crisis Will Be Even More Destructive"

Ron Paul Want's Jim Grant as His Fed Govenor

Jim Grant: "The Federal Reserve Is The Vampire Squid Of Vampire Squids"



Submitted by Tyler Durden on 05/03/2012 18:19 -0400

Munch's "The Scream" may be all the rage today, but to Jim Grant, in his latest interview on Bloomberg TV, the record price paid for the painting is not so much a manifestation of modern art as one of modern currency: "This is the flight into things from paper" . Thus begins the latest polemic by the Grant's Interest Rate Observer author whose topic is as so often happens, the Federal Reserve (for his latest definitive expostulation on why the Fed should be disbanded and why a gold standard should return, delivered from the heart of Liberty 33 itself, read here).

The world in which we invest is a world of immense wall to wall manipulations by our friends in Washington. And people get off on Goldman Sachs because it has done this and this, it is pulling wires... The Federal Reserve is the giant squid of squids, it is the vampire squid of vampire squids."

He continues: "They - the vampire squids - have manipulated virtually every single price and valuation in the capital markets.

People ought to recognize when they invest that one of the unspoken risks is the risk that this hall of mirrors, this Barnum and Bailey world that the Fed has created for us is going to vanish one day because they will not be able to hold it any more...

It's not as if there is nothing to do in investing, but one must always keep in mind that the valuations that we see, that the prices that we watch flicker across the tape are prices that are fundamentally manipulated by these well-intended, dangerous people in Washington called the Federal Reserve".

And to think that 3 short years ago Grant would have been branded a loony, tin-foil hat wearing gold bug, while now it has become trendy for hedge fund managers to bash the Fed with impunity. It is all downhill from here.

Great Video at the page link

Jim Grant: "The Federal Reserve Is The Vampire Squid Of Vampire Squids" | ZeroHedge

The Unabridged And Illustrated Federal Budget For Dummies - Part 1: Spending

The Unabridged And Illustrated Federal Budget For Dummies - Part 2: Revenues

The Unabridged And Illustrated Federal Budget For Dummies - Part 3: Debt & Deficits

The Unabridged And Illustrated Federal Budget For Dummies - Part 4: Entitlements