Ron Paul or Rand Paul? It’s the question of the year, and the answer could determine the future of the planet. What are your thoughts?
Ron Paul or Rand Paul? It’s the question of the year, and the answer could determine the future of the planet. What are your thoughts?
“I have been invited to participate in the May 5th presidential candidates debate in South Carolina, and I am strongly considering it.” — Ron Paul
“A thoughtful Iowa-centered blog has up a presidential straw poll up right now- please vote for me if you have time. Our 2012 GOP Presidential Straw Poll » Caffeinated Thoughts www.caffeinatedthoughts.com Just for fun, we at Caffeinated Thoughts are curious. Who do you favor as the Republican nominee for President if your caucus/primary was held today? Be sure to vote below. The straw poll will end on April 22, 2011 and we’ll announce the results on our Facebook page so be sure to like us there or wi” — Ron Paul
“Congress may have just reached a deal to cut a laughable $38 billion, while we still run up nearly $2 trillion in new debt this year, but at least Rand has a thoughtful proposal to stop this madness and permanently cut unsustainable spending. The Rand Paul Shutdown Prevention Act – HUMAN EVENTS www.humanevents.com While Democrats have parked themselves on TV screens and wailed uselessly about budget cuts being the functional equivalent of murder, Republican S” — Ron Paul
Members of a Congressional panel questioned Thursday why the U.S. Mint has created a shortage of high-quality bullion coins, causing a speculative run-up in value.
The U.S. House of Representatives’ Domestic Monetary Policy Subcommittee was told that the country’s bullion coins are topnotch and have a potential high growth of profitability for the U.S. Mint and for the country. But testimony from the industry indicated there aren’t enough of them.
“The problem is there is high demand, but a shortage of the coins,” summed up Rep. Ron Paul, R-TX, the chairman of the subcommittee. More
“I’ll be making two stops in Iowa on Monday. Please come see me if you can! Dordt College Sioux Center Campus Center, 498 4th Avenue NE 9:20-10:00 AM – Leadership Roundtable (by invitation only) 10:00-10:45 AM – Lecture Kirkwood College Cedar Rapids Iowa Hall, third floor, Rooms A&B 2:45 – 3:00 PM – Press availability 3:00 – 3:45 PM – Lecture” — Ron Paul
“Latest New Hampshire poll has me at 10% – that is very promising! RealClearPolitics – Election 2012 – New Hampshire Republican Presidential Primary www.realclearpolitics.com Senate: Ratings, ChangesFinal Senate ResultsHouse: Ratings, ChangesFinal House ResultsGovernor: Ratings, ChangesFinal Governor Results” — Ron Paul
Kentucky Sen. Rand Paul thinks his father is going to run for president – which means that the tea party favorite may not take the plunge himself. Paul said he didn’t know whether his father, Texas Rep. Ron Paul, would make another run for the GOP nomination – but he said that signs were pointing to a likely run.
Continue reading “Rand Paul suspects Ron Paul will run in 2012″
by Ron Paul
Last week I was both surprised and pleased when the Supreme Court upheld lower court decisions requiring the Federal Reserve Bank to comply with requests for information made by Bloomberg under the Freedom of Information Act (“FOIA”). Bloomberg simply wanted to know who received loans from the Fed’s discount window in the aftermath of the 2008 financial market crisis, and how much each entity received. Surely this is basic information that should be available to every American taxpayer. But the Fed fought tooth and nail all the way to the Supreme Court to preserve their privileged secrecy. However, transparency and openness won the day. There are some 29,000 pages to decipher, but a few points stand out initially.
The Fed lent huge sums of our money to foreign banks. This in itself was not surprising, but the actual amount is staggering! In one week at the height of the crisis, about 70% of the money doled out went to foreign banks. We were told that bailing out banks was going to stave off a massive depression. Depression for whom? We now know that the Fed’s bailout had nothing to do with helping the American people, who have gotten their depression anyway with continued job losses and foreclosures. But now we learn that a good deal of the money did not even help American banks!
In light of recent world events, perhaps the most staggering revelation is that quite a bit of money went to the Arab Banking Corp., in which the Libyan Central Bank owned about a third of its stock. This occurred while Libya, a declared state sponsor of terrorism, was under strict economic sanctions! How erratic the US must appear when we shower a dictator alternately with dollars and bombs! Also, we must consider the possibility that those loans are inadvertently financing weapons Gaddaffi is using against his own people and western militaries. This would not be the first time the covert activities of the Fed have undermined not only our economy and the value of the dollar, but our foreign policy as well.
Of course I can’t say I’m surprised by the poor quality of the data provided by the Fed. The category of each loan made, whether from the “Primary Discount Window”, the “Secondary Discount Window,” or “Other Extensions of Credit,” is redacted. Thus, we don’t know with certainty how much discount window lending was provided to foreign banks and how much was merely “other extensions of credit”. Also, some of the numbers simply do not seem to add up. We are of course still wading through the massive document dump, but it does seem as though several billions of dollars are unaccounted for.
As the world economy continues to falter in spite of – or rather because of – cheap money doled out by the Federal Reserve, its ability to deceive financial markets and American taxpayers is coming to an end. People are beginning to realize that when the fed in effect doubles the worldwide supply of US dollars in a relatively short time, it has the effect of stealing half your money through reduced purchasing power. Rapid inflation will continue as trillions in new money and credit recently created by the Fed flood into the commodity markets.
It is becoming more and more obvious that the Fed operates for the benefit of a few privileged banks, banks that never suffer for bad decisions they make. Quite the opposite – as we have seen since October 2008, under our current monetary system politically-connected banks are paid to make bad decisions.
Recent Comments
12:23 am: "@Roberto – If you think we should err on the side of caution regarding abortion, wouldn’t..." - Jordan
11:38 pm: "I’m not even an American, but after watching videos of you talk about issues in the US, I really..." - James
9:40 pm: "Mr Paul, I and many other would love to see you make another run for President. We the people down..." - Mike Perry
8:37 pm: "Speech speech speech speech speech (in a boisterous, Animal House tone)." - Blaine
7:02 pm: "Congressman Paul, I am a young woman and recent college graduate. As a young girl I was told that if I..." - Michelle
10:11 pm: "tmajor, thanks for posting this. I am familiar with John Gatto also. I know a lot about the education..." - Pure One
9:41 pm: "dumb dumb dumb. This is a great example of where Ron Paul, though intelligent, just doesn’t get..." - bozwellio
9:20 pm: "Thanks God. We have Ron Paul an intellect and champion of Constitution in DC. " - MegaSb360
9:04 pm: "Ron Paul does it again. He stated that there would not be a shutdown. RIght he was for the moment." - efrem1
6:48 pm: "This man cured my apathy~~Run Ron RUN" - LonnieBaty
5:49 pm: "Ron Paul fiscally conservative and socially a liberal." - JBBlitz
8:56 pm: "Gee Matt, Maybe I missed it but…. What does the “Sovereign” have to do with Sound..." - Citizen
8:50 pm: "buy silver and gold" - mikailmari
8:40 pm: "MR. PAUL that is" - Backbone
8:09 pm: "wait… I don’t want to buy gold? Sure buddy, I want to buy what ever you say I want to..." - slumberco060
8:05 pm: "Ron Paul is a true blue KKK Democrat Nazi, globalist, Communist, 9/11 terrorist..." - DemsAreMoronicNazis
8:00 pm: "=OH_YEAH_CLICK_MY_NÂME_4_ SOMÈ_FREË_ ÃMÁŽÓÑ_PLUS_ÏTÚNES_GÌƑTCÃRDŠ_&_×BÔ× _CÀRDŠ_&_CÓDES..." - Marilynn0682
6:50 pm: "Dr. Ron Paul, I’m from India and my country just witnessed perhaps the biggest civil..." - Rukesh Patel
6:35 pm: "Ron Paul might as well not bother! Obama is going to win end of." - cr5291
6:35 pm: "Ron Paul might as well not bother! Obama is going to win end of." - cr5291