Republican (libertarian) U.S. Representative Ron Paul
Posted by: Noël Jones
The 2012 presidential race just got waaaaaaaay more interesting. After decades of saying that we are crazy to keep allowing the Federal Reserve to print money out of thin air whenever the bankers that run it feel like they want some more, and after two previous presidential runs--once as a Libertarian in 1988 and then the last Republican presidential primary in which he gained a huge and passionate youth following, Ron Paul, after winning
the CPAC Straw Poll a few months back, has decided to form an exploratory committee in Iowa to assess his viability as a 2012 Republican candidate. You can read all about it in Cameron Joseph's report in the National Journal.
Things are very different this time around, and it may just be the perfect storm that would allow him to win the nomination, as he's popular with Republicans and Tea Party members for his conservative fiscal views, and also garners respect from liberals who are against our wars in the Middle East. Paul, being a libertarian at heart, is against all overseas aggression, and all military spending (to the tune of over $1 trillion) to fund the wars in Iraq and Afghanistan.
With the economy truly front and center in this election cycle, this may just be Ron Paul's moment.
At the very least, the presidential debates in this primary are going to be far more real, as Paul is sure to hammer his opponents on the crash of an economy built on the the premise that the Federal Reserve is a valid entity on which to base an economy in the first place, as well a forcing his Republican colleagues who are always touting the desire to cut social spending, to address military spending as well.
I am very excited about this.
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6 comments:
as a side note, I should say that I don't think that the bankers that run the Federal Reserve would ever allow Paul to win the nomination--as their wealth and power stems from their ability to control the Federal Reserve and he wants to abolish it. only a grass roots internet fundraising movement a la the 2008 Obama campaign would give Paul that chance, but if there ever were a time in history ripe to give him a chance, it would be now, when there is unprecedented attention in the general populace about the national deficit and the money spent on our wars overseas.
i highly recommend this Frontline episode on Netflix (Watch instantly) that explains just how Alan Greenspan, the Federal Reserve and our 14 largest banks have fleeced the American people under Clinton and Bush and caused this collapse of our economy, how the main architects of that collapse are not only not in jail, but getting wealthier by the minute and continuing to advise and influence the current administration via insiders and lobbyists:
http://movies.netflix.com/WiMovie/Frontline_The_Warning/70127213?trkid=2430625#height1677
A woman named Brooksley Born tried to warn the Clinton administration about the potential of the over-the-counter derivatives trade to cause an economic collapse 13 years ago, and she was silenced and forced out of the administration by Greenspan, Bob Rubin, Larry Summers, and ultimately Bill Clinton. George Bush continued to give these guys free reign, and even after the collapse, President Obama has said very little about getting regulation of OTC derivatives trading passed, the legislation has stalled, and in fact, he has basically the same team of financial advisors that Clinton and Bush had--all of whom still call the shots at the Federal Reserve (except for Greenspan, who retired after admitting to Congress that he was wrong and basically caused the crash--that all these guys are not in jail and are still living high on the hog while Americans suffer is a crime of the highest proportions. And that our Congress is still so beholden to big bankers that they won't pass regulation of the practice that largely caused the crash is not only a SHAME, but just as dangerous as it ever was--there is just as much potential to crash again as there was to crash the first time.
Ron Paul is the only person in the running who speaks the truth about the Fed, but if Geitner, Summers, Bernanke, and Rubin can push Born out, they will most likely keep Paul out.
the other day, Ben Bernanke, Chairman of the Federal Reserve, held a press conference to address the American people--something that has never happened before, and only happened because of growing suspicion in the public about the Fed's activities and how they affect inflation (printing money out of thin air causes it) and how that inflation affects our lives, and causes our economy to crash. so this was basically pretending to be more transparent, while telling us nothing--except that "inflation isn't a problem."
Here is Ron Paul's response:
"Chairman Bernanke's press conference today was unprecedented, and it demonstrates that Federal Reserve officials are very concerned about growing public criticism of Fed policies. Although Mr. Bernanke predictably provided no substantive information, the American people want real answers about Fed bailouts, lending to foreign banks, and most of all inflation. Mr. Bernanke continues to ignore his culpability for the inflation all Americans suffer due to the Fed's relentless monetary expansion. Rising prices are the direct result of Fed devaluation of our dollar. Yet rather than addressing the Fed's loose dollar policy, Mr. Bernanke continues to assure us that inflation is not a problem.
Without the Federal Reserve's relentless expansion of credit throughout the 1990s and early 2000s, there could have been no excessive borrowing or explosion of subprime lending. Through easy credit, the Fed initiated the economic boom that created the dot-com bubble. When that bubble burst the Fed pumped additional liquidity into the system, which led to a new boom that created the housing bubble. Commodity prices have risen rapidly, producer prices have followed suit and consumers are already seeing the beginning of massive price increases passed on to them. And now the Fed's additional trillions of dollars in monetary pumping is creating yet another bubble. This is the exact opposite of stability in the marketplace and has nothing to do with free markets. It is central economic planning at its worst. And the end result may be hyperinflation and the destruction of our currency.
Now Americans are waking up to the dangers of the Fed's inflationary monetary policy, and they want it to stop. Today's staged press conference will not be enough to stop the growing demand for real Fed transparency, and I hope to build on that grassroots demand by passing legislation that will result in a true audit of the Fed's activities.
Support from my colleagues was vital in the last Congress in making progress towards Fed transparency, and I hope to build on that support in this Congress. It is well past time that we begin to rein in the Fed."
the other day, Ben Bernanke, Chairman of the Federal Reserve, held a press conference to address the American people--something that has never happened before, and only happened because of growing suspicion in the public about the Fed's activities and how they affect inflation (printing money out of thin air causes it) and how that inflation affects our lives, and causes our economy to crash. so this was basically pretending to be more transparent, while telling us nothing--except that "inflation isn't a problem."
Here is Ron Paul's response:
"Chairman Bernanke's press conference today was unprecedented, and it demonstrates that Federal Reserve officials are very concerned about growing public criticism of Fed policies. Although Mr. Bernanke predictably provided no substantive information, the American people want real answers about Fed bailouts, lending to foreign banks, and most of all inflation. Mr. Bernanke continues to ignore his culpability for the inflation all Americans suffer due to the Fed's relentless monetary expansion. Rising prices are the direct result of Fed devaluation of our dollar. Yet rather than addressing the Fed's loose dollar policy, Mr. Bernanke continues to assure us that inflation is not a problem.
Without the Federal Reserve's relentless expansion of credit throughout the 1990s and early 2000s, there could have been no excessive borrowing or explosion of subprime lending. Through easy credit, the Fed initiated the economic boom that created the dot-com bubble. When that bubble burst the Fed pumped additional liquidity into the system, which led to a new boom that created the housing bubble. Commodity prices have risen rapidly, producer prices have followed suit and consumers are already seeing the beginning of massive price increases passed on to them. And now the Fed's additional trillions of dollars in monetary pumping is creating yet another bubble. This is the exact opposite of stability in the marketplace and has nothing to do with free markets. It is central economic planning at its worst. And the end result may be hyperinflation and the destruction of our currency.
Now Americans are waking up to the dangers of the Fed's inflationary monetary policy, and they want it to stop. Today's staged press conference will not be enough to stop the growing demand for real Fed transparency, and I hope to build on that grassroots demand by passing legislation that will result in a true audit of the Fed's activities.
Support from my colleagues was vital in the last Congress in making progress towards Fed transparency, and I hope to build on that support in this Congress. It is well past time that we begin to rein in the Fed."
This probably won't come as a shock, but unless some real supper star makes it onto the ballot. Ron Paul has my vote.
Granted Jeanette will vote the Demm ticket so she sort of cancels me out, but if he wins and it works I get that rare male privileged of saying "Ha...Told you so..."
So , Ron Paul 2012 it is.
Peace,
David
Ron Paul will be in the Republican Debate tomorrow night--I believe it's on Fox News at 8pm?
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