Category Archives: Ron Paul

UPDATED: No Tapering Off For Fed Tapeworm (GOLD SOARS)

Debt, Economy, Federal Reserve Bank, Inflation, Ron Paul

The markets like that the Federal Reserve will not follow through on its promise to stop buying government bonds at a pace of $85 billion a month. But what right does the Fed have to steal percentages off our income via this form of inflation? asks the Only Moral Congressman to have served in recent years. Why punish savers, especially poor pensioners, by eroding their purchasing power?

Ron Paul predicts a collapse of the bond market and the further weakening of the dollar.

As if Quantitative Easing were not deceptive enough a term, now we have “tapering.”

The money mafia had been “easing” to the tune of $85 billion in monthly bond purchases. If they’ve admitted to this much, you can be sure it’s much more.

The consequence of Ben Bernanke’s non-stop monetary stimulus, of course, is a rise in prices, stocks included. Homes too. It should be obvious too that an increase in the price of an item is not the same as an appreciation in it value.

UPDATE: “Gold prices soar after Fed fails to taper stimulus”:

… gold prices are suddenly soaring, following the Federal Open Market Committee saying Wednesday it will continue its push to buy $85 billion of debt securities a month.
Investors poured into gold between late 2008 and mid 2011 as the Fed injected trillions of dollars into the economy. Gold investors speculated the government’s intervention and stimulus would spark inflation, which is bullish for the yellow metal.
Gold set a record of $1,921 an ounce on Sept. 6, 2011, and jumped more than 70% between December 2008 and June 2011, Bloomberg News says. But gold prices have slipped this year as investors expected the Fed to pull back on stimulus.

A Jarring Juxtaposition

Constitution, Ethics, Family, Individual Rights, libertarianism, Ron Paul

Economic Policy Journal juxtaposes Ron Paul and Rand Paul with resepct to what will, one day, be recognized as one of the defining issues of our time: EDWARD SNOWDEN’s whistleblowing bravery.

Ron Paul on Edward Snowden:

We should be thankful for individuals like Edward Snowden and Glenn Greenwald who see injustice being carried out by their own government and speak out, despite the risk.

Rand’s equivocation makes me miss Ron Paul even more. Read it at EPJ.

UPDATE II: The Kid Is Alright. Ditto The British Guardian (Which Exposed Indirectly Corrupt US Media)

Ethics, Government, Journalism, Justice, Media, Morality, Ron Paul, Technology, The State

People like Edward Snowden are the very people to whom we should say, “Thank you for your service.” Uncle Sam will destroy Edward Snowden, as it is destroying Julian Assange and Bradley Manning. Snowden knew it, yet he did what he did anyway.

Via The Guardian:

The individual responsible for one of the most significant leaks in US political history is Edward Snowden, a 29-year-old former technical assistant for the CIA and current employee of the defence contractor Booz Allen Hamilton. Snowden has been working at the National Security Agency for the last four years as an employee of various outside contractors, including Booz Allen and Dell.
The Guardian, after several days of interviews, is revealing his identity at his request. From the moment he decided to disclose numerous top-secret documents to the public, he was determined not to opt for the protection of anonymity. “I have no intention of hiding who I am because I know I have done nothing wrong,” he said.

The kid is more than alright. He’s a hero.

UPDATED: Corrupt US Media Usurped. An heroic American whistleblower chooses, oh-so wisely, to expose Uncle Sam’s usurpations to the veteran reporters of the British Guardian, and not to the partisan hacks of the American press: This tells you all you need to know about the state of US press and the entity (the state) to which it has sworn allegiance.

The best of Edward Snowden:

I could be rendered by the CIA. I could have people come after me. Or any of the third-party partners. They work closely with a number of other nations. Or they could pay off the Triads. Any of their agents or assets,” he said.

…”We have got a CIA station just up the road – the consulate here in Hong Kong – and I am sure they are going to be busy for the next week. And that is a concern I will live with for the rest of my life, however long that happens to be.”
Having watched the Obama administration prosecute whistleblowers at a historically unprecedented rate, he fully expects the US government to attempt to use all its weight to punish him. “I am not afraid,” he said calmly, “because this is the choice I’ve made.” …
… he learned just how all-consuming the NSA’s surveillance activities were, claiming “they are intent on making every conversation and every form of behaviour in the world known to them”.
…He described how he once viewed the internet as “the most important invention in all of human history”. As an adolescent, he spent days at a time “speaking to people with all sorts of views that I would never have encountered on my own”. …
…But he believed that the value of the internet, along with basic privacy, is being rapidly destroyed by ubiquitous surveillance. “I don’t see myself as a hero,” he said, “because what I’m doing is self-interested: I don’t want to live in a world where there’s no privacy and therefore no room for intellectual exploration and creativity.”
…Once he reached the conclusion that the NSA’s surveillance net would soon be irrevocable, he said it was just a matter of time before he chose to act. “What they’re doing” poses “an existential threat to democracy”, he said. …
…there still remains the question: why did he do it? Giving up his freedom and a privileged lifestyle? “There are more important things than money. If I were motivated by money, I could have sold these documents to any number of countries and gotten very rich.”
…For him, it is a matter of principle. “The government has granted itself power it is not entitled to. There is no public oversight. The result is people like myself have the latitude to go further than they are allowed to,” he said.

AND:

“Snowden said that he admires both Ellsberg and Manning, but argues that there is one important distinction between himself and the army private, whose trial coincidentally began the week Snowden’s leaks began to make news.
‘I carefully evaluated every single document I disclosed to ensure that each was legitimately in the public interest,’ he said. ‘There are all sorts of documents that would have made a big impact that I didn’t turn over, because harming people isn’t my goal. Transparency is.'”

He purposely chose, he said, to give the documents to journalists whose judgment he trusted about what should be public and what should remain concealed.

“I don’t want to live in a world where there’s no privacy and therefore no room for intellectual exploration and creativity.”

“The primary lesson from this experience was that ‘you can’t wait around for someone else to act. I had been looking for leaders, but I realised that leadership is about being the first to act.'”

UPDATE II: NO SURPRISE THERE; Edward Snowden had donated to libertarian Ron Paul.

Forever Trapped In the Deforming, Deadly Clutches of IRS Freaks

Free Markets, Individual Rights, Republicans, Ron Paul, Taxation

One of the reasons the Internal Revenue Service will only ever accrete in size and scope is the thugs that man it. Watch this YouTube clip of a representative cross-section of the IRS workforce, no doubt, at a “training conference.” Look at these ugly, off-putting beasts getting their freak-on at your expense. They dress and look like crap, butts and crotches wiggling all over the place, and they sound like crap.

You don’t imagine that such a gross-out of a group—repulsive both physically and mentally—could add value to a company that is vying for the consumer’s voluntary vote, do you? “Give me a break.”

Although no Ron Paul in his understanding of American liberty, Sen. Ted Cruz (R-Tex.), and not Sen. Rand Paul, has come closest to articulating the solution to the agency of legalized thuggery called the IRS.

The IRS ought to be abolished. Working Americans ought to be liberated from its deforming and deadly clutches.