Thread: Ron Paul on the Issues

I just came around to Dr. Paul's position on foreign aid

Submitted by jb23 on Mon, 05/21/2012 - 07:59
Economy

I now actually support the good doctor on most of his policies. However, when I first followed him, there were many I disagreed with. But over time I've read up on each subject and come around to his position, seeing so clearly how it fits in with all his other positions.

I always considered foreign aid somewhat of a necessity. However, after reading a new chapter in my textbook (I'm studying business, this subject is specifically "Transnational Management"), it points out the massive failure of foreign aid in helping developing countries. Here are the paragraphs that brought me around to Dr. Paul's position, which is essentially: Stop foreign aid, open up the markets, serve as an example and encourage others to open their markets.

Given the extent of global poverty and the lack of clear significant progress in reducing it, there is a growing view that perhaps it is time to radically rethink an approach that relied so heavily on government-funded aid programs. William Easterly, a former research economist at the World Bank, points out that after $2.3 trillion of aid has flowed from developed countries to developing countries over the past five decades, it is clear that the West's model of development has failed. He argues that, just like the old colonialist model, a large portion of foreign aid takes a paternalistic view, in that it defines both the problems and the solutions and provides for neither accountability nor feedback. As a result, for example, over the past 25 years, $5 billion of internationally funded aid has been spent on a publicly owned steel mill in Nigeria that has yet to produce any steel.

In contrast, the outstanding success stories such as India and China have been achieved by unleashing the power of their market economies rather than through massive aid programs. In what the World Bank has called this "the greatest poverty reduction program in human history," hundreds of millions of people have moved out of poverty during the past 25 years. In large part, this amazing transformation has been due to the actions of many MNEs (multi-national enterprises) that, following the announcement of China's open-door policy in 1979, 300,000 foreign enterprises have been approved, and by 2008 had invested $870 billion in that rapidly developing country. Included in that total are 490 of the world's top 500 companies. In addition to helping China, their investments are now having a significant economic impact on these firms which sent almost $300 billion in profits out of China in the period from 1990 to 2007. Such a win-win consequence is due to one undeniable reality: The faster the poor gain wealth, the faster they become customers."

Feel free to use to this convince others on this topic.

I just came around to Dr. Paul's position on foreign aid | Peace . Gold . Liberty | Ron Paul 2012

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WAR IS OVER! (If You Want It)

- You can believe Iraq stands with you if you wish
- You can believe Afghanistan stands with you if you wish
- You can believe Libya stands with you if you wish
- You can believe NATO stands with you if you wish
- But you might want to ask the citizens of all those countrys what they think of America
- You may think Europe stands with you .. you may have to rethink that one as well after what Goldman Sachs did you the EU
- we have 192 bases in 96 Countrys... you might want to ask those countrys what they think ... America represents You
- I dont see China having 192 bases in 96 Countrys...
- I dont see Russia having 192 bases in 96 Countrys...
- Billions for Defense; NOT A PENNY FOR EMPIRE
- Bring our kids home and protect OUR BORDERs

What if there was a World War .... and No One Showed Up But the Banksters and the Corrupt Politicians that have been bought off by those same Banksters

Jim Cramer Is Predicting Bank Runs In Spain And Italy

Jim Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy Throughout Europe

Michael Snyder
The Economic Collapse
May 21, 2012
Video at the Page Link

During an appearance on Meet The Press on Sunday, Jim Cramer of CNBC boldly predicted that “financial anarchy” is coming to Europe and that there will be “bank runs” in Spain and Italy in the next few weeks. This is very strong language for the most famous personality on the most watched financial news channel in the United States to be using. In fact, if Cramer is not careful, people will start accusing him of sounding just like The Economic Collapse Blog. It may not happen in “the next few weeks”, but the truth is that the European banking system is in a massive amount of trouble and if Greece does leave the euro it is going to cause a tremendous loss of confidence in banks in countries such as Spain, Italy and Portugal. There are already rumors that the “smart money” is pulling out of Spanish and Italian banks. So could we see some of these banks collapse? Would they get bailed out if they do collapse? It is so hard to predict exactly how “financial anarchy” will play out, but it is becoming increasingly clear that the European financial system is heading for a massive amount of pain.

Posted below is a clip of Jim Cramer making his bold predictions during his appearance on Meet The Press. He is obviously very, very disturbed about the direction that Europe is heading in….

But what is Europe supposed to do? Even though “austerity measures” have been implemented in many eurozone nations, the truth is that they are all still running up more debt. Are European nations just supposed to run up massive amounts of debt indefinitely and pretend that there will never been any consequences?

That is apparently what Barack Obama wants. During the G-8 summit that just concluded, Obama urged European leaders to pursue a “pro-growth” path.

Of course to Obama a “pro-growth” economic plan includes spending trillions of dollars that you do not have without any regard for what you are doing to future generations.
Germany has been trying to get the rest of the eurozone to move much closer to living within their means, but as the recent elections in France and Greece demonstrated, much of the rest of the eurozone is not too thrilled with the end of debt-fueled prosperity.

In Greece, the recent elections failed to produce a new government, so new elections will be held on June 17th.

Many EU politicians are trying to turn these upcoming elections into a referendum on whether Greece stays in the eurozone or not. If the next Greek government is willing to honor the austerity agreements that have been previously agreed to, then Greece will probably stay in the eurozone for a while longer. If the next Greek government is not willing to honor the austerity agreements that have been previously agreed to, then Greece will probably be forced out of the eurozone.

The following is what John Praveen, the chief investment strategist at Prudential International Investments Advisers, had to say about the political situation in Greece recently….

“If the pro-euro major parties fail to muster enough support to form a coalition and the radical left Syriza party and other anti-euro, anti-austerity parties secure a majority, the risk of a disorderly Greek exit from the Euro increases and could roil markets”

Right now, polls show the leading anti-austerity party, Syriza, doing very well. The leader of Syriza, Alexis Tsipras, has declared that he plans “to stop the experiment” with austerity and that what the rest of the eurozone has tried to do in Greece is a “crime against the Greek people“.

But the Germans do not see it that way. The Germans just want the Greeks to stop spending far more money than they bring in.

The Germans do not want to endlessly bail out the Greeks if the Greeks are not willing to show some financial discipline.

As we approach the June 17th elections, the financial markets are likely to be quite nervous. According to Art Hogan of Lazard Capital Partners, many investors are deeply concerned about how “sloppy” a great exit from the euro could be….

“Next week is only one of the four weeks we have to wait until the Greek election. Every utterance out of Greece makes us think about their [possible] exit and how sloppy that could be”

Most Greek citizens want to remain in the eurozone and most European politicians want Greece to remain in the eurozone, but it is looking increasingly likely as if that may not happen.

In fact, there are reports that preparations are rapidly being made for a Greek exit. According to Reuters, “contingency plans” for the printing of Greek drachmas have already been drawn up….

De La Rue (DLAR.L) has drawn up contingency plans to print drachma banknotes should Greece exit the euro and approach the British money printer, an industry source told Reuters on Friday.

And even EU officials are now acknowledging that plans for a Greek exit from the euro are being developed. The following is what EU Trade Commissioner Karel De Gucht said during one recent interview….

“A year and a half ago, there may have been the danger of a domino effect,” he said, “but today there are, both within the European Central Bank and the European Commission, services that are working on emergency scenarios in case Greece doesn’t make it.”

When these kinds of things start to become public, that is a sign that officials really do not expect Greece to remain a part of the euro.

And Greece is rapidly beginning to run out of money. According to a recent Ekathimerini article, the Greek government is likely to run out of money at the end of June….

The public coffers are seen running dry at the end of June, but this will depend on two key factors. First, revenue collection: In the first 10 days of May, inflows were about 15 percent lower than projected but there are fears that the slide may reach 50 percent. The GAO will have a picture for the first 20 days on May 23, while the last three days of the month are considered crucial, when 1.5 billion euros of the month’s budgeted total of 3.6 billion are expected to flow in.

Second, whether the IMF and EFSF installments are disbursed: This is not certain, as the decision will be purely political for both providers and evidently partly linked to political developments. Earlier this month the eurozone approved a disbursement 1 billion short of the 5 billion euros that were expected.

If Greece runs out of money and if the rest of Europe cuts off the flow of euros, Greece would essentially be forced to leave the euro.

So the last half of June looks like it could potentially be a key moment for Greece.

Meanwhile, the Greek banking system is struggling to survive as hundreds of millions of euros get pulled out of it. The following is from a recent CNN article….

The Greek financial system is straining hard for cash.

Consumers and businesses are making massive withdrawals from Greece’s banks — leading to concern the beleaguered nation could be forced out of the eurozone by a banking crisis even before its government runs out of cash.

Deposits are the lifeblood of any bank, and Greeks pulled 800 million euros out of the banking system on Tuesday alone, the most recent day for which figures are available.

If Greece does leave the euro and the Greek banking system does collapse, that is going to be a clear signal that a similar scenario will be allowed to play out in other eurozone nations.

That is why Jim Cramer, myself and many others are warning that there could soon be bank runs all over the eurozone.

Sadly, the banking crisis in Europe just seems to get worse with each passing day.

For example, the Telegraph has reported that wealthy individuals are starting to pull money out of Spanish banking giant Santander….

Customers with large deposits have started withdrawing cash from Santander, the bank has admitted, as it tried to reassure concerned members of the public that their money is safe.

Round and round we go. Where all this will stop nobody knows.

If Greece does end up leaving the euro, that could set off a chain of cascading events that could potentially be absolutely catastrophic.

Former Italian Prime Minister Romano Prodi recently stated that the “whole house of cards will come down” if Greece leaves the euro.

And if the “house of cards” does come down in Europe, that is going to greatly destabilize the global derivatives market.

You see, the truth is that the global derivatives market is very delicately balanced. The assumption most firms make is that things are not going to deviate too much from what is considered “normal”.

If we do end up seeing “financial anarchy” in Europe, that is going to greatly destabilize the system and we could rapidly have a huge derivatives crisis on our hands.
And as we saw with JP Morgan recently, losses from derivatives can add up really fast.

Originally, we were told that the derivatives losses that JP Morgan experienced recently came to a total of only about 2 billion dollars.

Now, we are told that it could be a whole lot more than that. According to the Wall Street Journal, JP Morgan could end up losing about 5 billion dollars (or more) before it is all said and done….

J.P. Morgan Chase & Co. is struggling to extricate itself from disastrous wagers by traders such as the “London whale,” in a sign that the size of its bets could bog down the bank’s unwinding of the trades and deepen its losses by billions of dollars.

The nation’s largest bank has said publicly that its losses on the trades have surpassed $2 billion, and people familiar with the matter have said they could over time reach $5 billion.

And if Europe experiences a financial collapse, the losses experienced by U.S. firms could make that 5 billion dollars look like pocket change. The following is from a recent article by Graham Summers….

According to Reuters once you include Spain and Italy as well as Credit Default Swaps and indirect exposure to Europe, US banks have roughly $4 TRILLION in potential exposure to the EU.

To put that number in perspective, the entire US banking system is $12 trillion in size.

Interesting days are ahead my friends.

Let us hope for the best, but let us also prepare for the worst.

» Jim Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy Throughout Europe Alex Jones' Infowars: There's a war on for your mind!

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You can think its not coming here all you like ..... I got food ... and you?

As The Elite Fences Itself In, Kissinger Announces Order Out Of Chaos

Jurriaan Maessen
Infowars.com
May 21, 2012




In a recent statement Henry Kissinger admitted that social upheaval and mass civil unrest are to be used as a means of merging the US into an “international system”.
“The United States has to be part of an international system that we create domestically”, he told The Harvard Crimson in the beginning of this month. When asked what the most important problems are facing American society today, Kissinger answered:
“Internationally, the problem is that there are upheavals going on in every part of the world, but these upheavals don’t follow the same basic causes, and so the United States has to be part of an international system that we create domestically.”
What the old man is saying here ties neatly into statements he made in the past concerning the concept of seizing crises and upheavals, the causes of which may differ from nation to nation, in order to bring about an international order- thereby following the elite’s golden rule that order is best brought about by chaos. Furthermore, he provides us with a glimpse of the underlying intent he and his fellow-bilderbergers have in mind, stating in so many words that civil unrest- be it economically, politically or socially motivated- must be seized upon in order to merge nations into the desired “international system.”
In a December 2008 Prisonplanet.com article it was reported that Kissinger, in an interview with the darling of Bilderberg Charlie Rose, “cited the chaos being wrought across the globe by the financial crisis and the spread of terrorism as an opportunity to bolster a new global order.”, Steve Watson wrote.
“
I think that when the new administration assesses the position in which it finds itself it will see a huge crisis and terrible problems, but I can see that it could see a glimmer in which it could construct an international system out of it.”, Kissinger told Rose.



All this talk of crises and upheavals as just another country-specific means to a centralized global end could specifically point to a plan. While at the surface the elite might scurry to salvage the ailing euro as currency-cohesion crumbles, it may have developed a darker plan B that in case the euro may turn out to be beyond repair, the solution of a world currency will be provided. Seize the euro-crisis, in other words, to introduce a world currency. This follows the course of classic Hegelian dialectic, namely the problem (whether real or feigned) provokes the reaction which in turn allows the elite to provide the solution on a silver plate. It just now occurred to me that Kissinger’s words are ominously reminiscent of those written down by University of Chicago’s Alexander Wendt, who in 2003 in his treatise titled “Why a World State is Inevitable: teleology and the logic of anarchy” stated:
“Nationalist struggles for recognition are by no means over, and more new states- “more anarchy”- may yet be created. But while further fragmentation is in one sense a step back, it is also a precondition for moving forward, since it is only when difference is recognized that a larger identity can be stable. (…) Far from suppressing nationalism, a world state will only be possible if it embraces it.”
These words shed some sharp light on the words uttered by Kissinger and his fellow supranationalists, in essence revealing they are very much aware of the fact that the mere proposition of a world state will not make it so- may even backfire on them- and that now a detour should be pursued via nationalism and domestic unrest to get the job done- in other words not so much crushing protests for the sake of crushing them, but rather to use these upheavals for their own transnational designs.
At the same time, the elite members who gather at important meetings are fencing themselves in out of fear of chaos erupting outside. Just a few days ago, the European Central Bank issued a press-release stating that in order to protect their staff and visitors from protesters it has:
“implemented measures (…), taking into account the protection granted to the ECB’s premises and operations by the Headquarters Agreement between the ECB and the Federal Republic of Germany.”
This makes clear the banking elites of the world are worried their safety may well be impaired as a result of the protests planned against their meetings. The same caution will of course apply to the upcoming Bilderberg conference in Chantilly Virginia. We can expect local police and armed guards to protect the elite players inside, who in return scheme all of mankind into another crisis.
This article first appeared on Jurriaan Maessen’s website www.explosivereports.com

http://www.infowars.com/as-the-elite...-out-of-chaos/


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