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Ron Paul Appeals To America: "Default Now, Or Suffer A More Expensive Crisis Later"
By Ron Paul, op-ed first posted in Bloomberg
Default Now, Or Suffer A More Expensive Crisis Later
Debate over the debt ceiling has
reached a fever pitch in recent weeks, with each side trying to
outdo the other in a game of political chicken. If you
believe some of the things that are being written, the world
will come to an end if the U.S. defaults on even the tiniest
portion of its debt.
In strict terms, the default being discussed will occur if
the U.S. fails to meet its debt obligations, through failure to
pay either interest or principal due a bondholder. Proponents of
raising the debt ceiling claim that a default on Aug. 2 is
unprecedented and will result in calamity (never mind that this
is simply an arbitrary date, easily changed, marking a
congressional recess). My expectations of such a scenario are
more sanguine.
The U.S. government defaulted at least three times on its
obligations during the 20th century.
-- In 1934, the government banned ownership of gold and
eliminated the right to exchange gold certificates for gold
coins. It then immediately revalued gold from $20.67 per troy
ounce to $35, thus devaluing the dollar holdings of all
Americans by 40 percent.
-- From 1934 to 1968, the federal government continued to
issue and redeem silver certificates, notes that circulated as
legal tender that could be redeemed for silver coins or silver
bars. In 1968, Congress unilaterally reneged on this obligation,
too.
-- From 1934 to 1971, foreign governments were permitted by
the U.S. government to exchange their dollars for gold through
the gold window. In 1971, President Richard Nixon severed this
final link between the dollar and gold by closing the gold
window, thus in effect defaulting once again on a debt
obligation of the U.S. government.
Unlimited Spending
No longer constrained by any sort of commodity backing, the
federal government was now free to engage in almost unlimited
fiscal profligacy, the only check on its spending being the
market’s appetite for Treasury debt. Despite the defaults in
1934, 1968 and 1971, world markets have been only too willing to
purchase Treasury debt and thereby fund the government’s deficit
spending. If these major defaults didn’t result in decreased
investor appetite for U.S. obligations, I see no reason why
defaulting on a small amount of debt this August would cause any
major changes.
The national debt now stands at just over $14 trillion,
while net total liabilities are estimated at over $200 trillion.
The government is insolvent, as there is no way that this
massive sum of liabilities can ever be paid off. Successive
Congresses and administrations have shown absolutely no
restraint when it comes to the budget process, and the idea that
either of the two parties is serious about getting our fiscal
house in order is laughable.
Boom and Bust
The Austrian School’s theory of the business cycle
describes how loose central bank monetary policy causes booms
and busts: It drives down interest rates below the market rate,
lowering the cost of borrowing; encourages malinvestment; and
causes economic miscalculation as resources are diverted from
the highest value use as reflected in true consumer preferences.
Loose monetary policy caused the dot-com bubble and the housing
bubble, and now is causing the government debt bubble.
For far too long, the Federal Reserve’s monetary
policy and quantitative easing have kept interest rates
artificially low, enabling the government to drastically
increase its spending by funding its profligacy through new debt
whose service costs were lower than they otherwise would have
been.
Neither Republicans nor Democrats sought to end this gravy
train, with one party prioritizing war spending and the other
prioritizing welfare spending, and with both supporting both
types of spending. But now, with the end of the second round of
quantitative easing, the federal funds rate at the zero bound,
and the debt limit maxed out, Congress finds itself in a real
quandary.
Hard Decisions
It isn’t too late to return to fiscal sanity. We could
start by canceling out the debt held by the Federal Reserve,
which would clear $1.6 trillion under the debt ceiling. Or we
could cut trillions of dollars in spending by bringing our
troops home from overseas, making gradual reforms to Social
Security and Medicare, and bringing the federal government back
within the limits envisioned by the Constitution. Yet no one is
willing to step up to the plate and make the hard decisions that
are necessary. Everyone wants to kick the can down the road and
believe that deficit spending can continue unabated.
Unless major changes are made today, the U.S. will default
on its debt sooner or later, and it is certainly preferable that
it be sooner rather than later.
If the government defaults on its debt now, the
consequences undoubtedly will be painful in the short term. The
loss of its AAA rating will raise the cost of issuing new debt,
but this is not altogether a bad thing. Higher borrowing costs
will ensure that the government cannot continue the same old
spending policies. Budgets will have to be brought into balance
(as the cost of servicing debt will be so expensive as to
preclude future debt financing of government operations), so
hopefully, in the long term, the government will return to sound
financial footing.
Raising the Ceiling
The alternative to defaulting now is to keep increasing the
debt ceiling, keep spending like a drunken sailor, and hope that
the default comes after we die. A future default won’t take the
form of a missed payment, but rather will come through
hyperinflation. The already incestuous relationship between the
Federal Reserve and the Treasury will grow even closer as the
Fed begins to purchase debt directly from the Treasury and
monetizes debt on a scale that makes QE2 look like a drop in the
bucket. Imagine the societal breakdown of Weimar Germany, but in
a country five times as large. That is what we face if we do not
come to terms with our debt problem immediately.
Default will be painful, but it is all but inevitable for a
country as heavily indebted as the U.S. Just as pumping money
into the system to combat a recession only ensures an
unsustainable economic boom and a future recession worse than
the first, so too does continuously raising the debt ceiling
only forestall the day of reckoning and ensure that, when it
comes, it will be cataclysmic.
We have a choice: default now and take our medicine, or put
it off as long as possible, when the effects will be much worse.
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ha ha, man he's sitting with all that gold his neck and he is forced into that shit...but you have to admit, there is no way he knew what was happening there.
Fair enough. It's funny what this google device on my interwebs turns out sometimes.
Trust me dude you are ignorant here's your link to gay ass BA Baracus.
http://www.youtube.com/watch?v=ugJEmDkaSuo
Turn you? I don't care what you do. Rot in your pile of paper or whatever it is you hold dear.
Only dumbfuck shitheads like you think the past 3 years of bank failures and bailouts is perfect sanity
Oh no, you are ignorant. You are almost ignorant enough to be an economist.
Mr. SaS, could you tell the Committee, are you now, or have you ever been, an economist?
I finally get it SnS, your pissed off that Dr. Paul is ass deep in real "tradition" whereas you are ass deep in one of the oldest but much less vauable traditions...ignorance!
More likely ass deep in the debt tradition.
Gold at 1600 makes him SMARTER than you, too! Old 'Scratch' is Satan, that worships the Eye of Horus, wherein he 'Sniffs' to his black heart's content.
To all the spunkers, oh i suppose because he has 99% of his life's work tied up in gold and mining stocks makes this old fart impartial all of a sudden? "Oh but scratch hes a true American, the real thing". Cue custard pie.
Well I dont and I agree with him. In fact, I would likely lose my job and see the end of my career if Dr Pauls advice is followed.
But guess what? I still want the government to default, not because I like starving but because I know this is best for my country.
But you can go pound sand, you frigging moron.
What do you mean by "benifit" [sic] more? It might well make me into someone who never has to work again. Is that "more?" Does that make me a "motherfucker?"
In the final analysis, we would all benefit.
Apparently, you didn't internalize what he said.
You are a clever person. Indeed, Ron Paul should have invested in the dotcom bubble and in mortgage-backed securities back in 2006, even though he understood that they were inflated junk. Why would he buy gold after all if he believes that it's a good investment and preaches in the desert that everyone should do the same?
no no!
When I look at RP, it's like he's bigger than everyone else. It's like he's the only one speaking my language! he's white for God's sake!
that is not flatulence! it's nobility.
No, its only because you own gold...if you owned cash you would be telling him to STFU, but thats that.
Once again, because he was not stupid enough to sit in cash and CDOs for the past 10 years means he is wrong?
Yes, SNS is a moron who thinks that unless one is going to lose money they cant be honest about what they are saying.
If someone was reasonably sure that something was going to happen, why would they invest in a manner so as to lose money when their expectations arrived?
This sort of realization is beyond the knee-jerkers out there like SNS.
S&S,
Are you in rectal defilade?.
Do you (after watching as THE WORLD BURNS,for the past 3 years not own any PM's?).If not, why not?.
Any man/woman worth their salt, has the inborn genetic predispositon to protect themselves, and their loved ones.
Most here(VAST majority), likely has way more cash, than PM's.
So, you are making a humongous leap of ignorance with your stupid assumptions.
Probably because his masters pay him a lot of fiat to spout his mendacious shit.
Second that DZ. I have moved to the Paul camp as well and hold more cash than PMs.
Those 100% in PM's are the Tin Foil Hat crowd, or simply blind faith gamblers IMO. It is diversification, it is the ultimate insurance policy. I agree with Cog Dis on this, it is not a real investment, it is a transfer vehicle. The costs and complications of holding large amounts of physical preclude it from being a good investment. In times like these it is a great hedge and insurance policy though. My 2.
You're probably right - if I owned cash, I would be an idiot like you.
Obviously Ron Paul considers Gold as more than tradition.
Unlike the Bernank, who is going to be the proud owner of the biggest pile of toilet paper known to man.
Placer,
My $$ is on all those Fed dogs, are loaded to the gills w/PM's.
They are not stupid.
And you Sir, are most likely right...Greenspan was a gold guy before he was at the fed and after, very vocally I might add. I bet a lot of FRNs that he is deep with bullion. Perhaps this link will help clarify how deep those bastards are sitting on gold.
http://www.rense.com/general29/ringring.htm
Sounds like he's putting his money where his mouth is...
If you thing the rest of the CONgressional idiots would not be able to position themselves accordingly, with perfect timing to benefit from a US default, you are naive at best, Chief.
Care to share some details?
A default is inevitable at this point so and I can't blame anyone for trying to position themselves to feel less pain once the fit hits the shan. Self preservation and all that.
I'm not a Ron Paul supporter, but if his investment portfolio walks his talk, then I've got to give him props, for being neither an idiot nor a total hypocrite like most congresspeople.
actually you are wrong.
If you want to point fingers at a Congressman, Eric Cantor is your guy
Wow, $15k. Clearly the cuplrit has been unmasked.
... more than I have to my name
at least your honest, that goes a long way
Unfortunately, You cant tell the truth and get elected!
Its one or the other.
Politicians and diapers need to be changed often and for the same reason!
Jubilee, bitchez!
Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?
http://www.youtube.com/watch?v=sEP8cQF-QC4
He openly on record states to Congress that the US should write off the 1.6 billion held by the Fed because they bought it with money with money created out of thin air. Brave man.
Indeed. The only one in congress with enough balls to tell it like it is... His son in the senate should do like his father.
GH,
Yep, and like I said, HONEST.
We have become so jaundiced(with great reason) at the chicanery and criminality of the vast majority of Congress, we assume all are the same.
He as sang the same song for as long as I have known him.
Hated by most, but honest to a fault.
he wants some of that new EFSF money!
i still dont understand why the EE didnt get rid of this man yet (i.e. a car accident, rape incident or something like this)
They don't need to kill him yet. They tell the media to blacklist him most of the time and attack him when needed. If he ever does manage to get close to the WH then he will have an accident.
RP is old enough that TPTB only have to be patient and their problem with him will be solved naturally. So why risk something that might backfire?
You must be sniffing more than you scratch
I think 'Ol Scratch may have just exposed himself as a DOD/Bankster ghoul-persona.
thats a classic line, i dont want it deleted...
"Ok thats it, i read like 3 random lines of this wank blanket manifesto and each line was utter shyte, the good thing is that it will not happen any time soon"
Sniffing glue while scratching Dobb Frank's asshole!
Please elaborate, Scratchy. We would like to hear your explanation as to why Dr. Paul's dissertation above is a "wank blanket manifesto" and "utter shyte".
Most of us probably won't agree with your explanation or share your views, but if you're going to say something on ZH, you need to clarify and substantiate if you don't want to be denounced as a troll.
Your explanation, then??
Dear god no! Don't get him him going again!
Don't worry...it's been a few hours and he hasn't responded. I didn't think he was capable, anyway...
To: scrath_and_sniff
As I have hypothisized earlier in the thread - I think your moniker and ass have met one too many times!
No comment here, just using scratch and sniff as my captcha bitch. I had to log off.
Carry on bashing this turd if you wish.
HAHAHA! Scratch and Sniff? Those are my cat's names! And even they have some gold and silver!
Bernanke: Gold Isn't Money, Gold Is Tradition - LOLFED<Sarc> His opinion on the gay marriage debate leaves me speechless. Therefore it must not be right. And if he is wrong about that, he must be wrong about everything else. Money is not supposed to be sound. Sound is for hearing myself talk.
-- PhD in L.A.S. $100k in student loans.
</sarc>
Had it with that flaming queer in your ranks? Now there is nothing you can do about it. Get an honorable discharge by following these directions at no cost to you! Get out and let the queers run it themselves. They are "better than you" so everything will be just fine.
http://www.coppermoonshinestills.com/id62.html
I am not sure your debate angle, but I think Ron Paul would be pretty consistant on this matter too.
He would bring the troops home and end the wars and thousands of foriegn bases they have to live in.
If the troops are home, they can show up to work like everybody else. No communal showers, no need to know if that person in BDUs is a woman, man, hetero or homo.
"If the troops are home, they can show up to work like everybody else."
Um, I think at least some of the troops have figured out that there would be no jobs waiting for them when they get back, hence foreign adventurism (as dangerous as it is) being favored since it still provides pay & bennies, rather than waiting in line for your foodstamps. Anecdotal evidence suggests an even higher unemployment rate for the newly separated from the service (the ones that don't go to work for Xe).
moderate deflation created by fixing the tax code, and sound money policy would allow them to have adventures here in America where they belong.
There is a ton of infrastructure that needs to be repaired. There are plenty of desk jobs doing energy research for folks who dont want to be out in the elements/move.
And this is where I am going to be regarded as nuttier than Ron Paul. If things were more affordable, some people might chose to have one income households. Male or Female. Straight or Gay.
And it gets even crazier to address your last point. (Xe,etc) If they want adventure, there are tons of employers in BRIC countries that would pay them very well just because they speak english, and have experience with American culture. Jim Rogers children will be self made millionaires before they hit thier 30s.
Most people my age that went military got out as soon as possible to get in on the private side. Apparently the pay is great, they can shoot whoever they want, and they dont have to do as much paperwork when they accidentally shoot one of their buddies.
A good point, and one of the problems that not a lot of people talk about. A hidden cost of the US military adventures is that a lot of the rank-and-file have a real hard time reintegrating with civilian life.
Yes, I know you have a brother/cousin/neighbor that did real well after being in the service- some do handle it just fine. But there are a whole lot of them who just can't readjust, and have a hell of a hard time fitting in at work or maintaining healthy relationships.
Reason enough to keep as many of them home as possible in the first place- shooting goat-herders on the other side of the planet isn't a real good use for young, potentially productive citizens, and the risk of permenent mental and physical damage is just not equal to the reward. Think about how much better off we'd be if those patriotic kids were here learning trades and producing goods, rather than off learning to kill.
All that being said, of course we need a military apparatus. We just don't need to be deploying them all the f'ing time. Far as I'm concerned, they can train and exercise on domestic bases until they're needed to fight real threats.
Hey wow, glad to know I am not the only one that saw Ole Col Wilson's website, that guy is a genius!
Agreed re gay marriage. I do not know how someone like RP wants economic freedom but is willing to impose social facism.
Get the gubermint out of our pockets, out of our bedrooms, off our property and away from our children.
I dont think he is a social facist. maybe you meant to have a sarc tag?
He says marriage of any type should not be recognized by the state, including hetero marriage.
LG, how does Ron Paul want to impose 'moral values?'
He's basically saying what you are: Get government out of our pockets, out of our bedrooms, off our property and away from our children.
He's also stating that Constitution has relevance and core relevance, and that states' rights are not to be taken lightly?
Are you saying he endorses having the federal government get involved in gay marriage? He's said the government should steer wide and clear of the issue.
I obviously misunderstood. Thanks for clarifying his position. I thought he was in favor of the Defense of Marriage Act.
this is what scares me, too many people take the MSM sound byte of RP, don't actually understand his position, then write or troll against him saying he's nuts /extremist etc. His positions are very simple. Do whatever the fuck you want with your own life, provided 1. You don't hurt / endanger anyone else doing it and 2. You take responsibility for your own life. Ie. If you want to go smoke crack, take drugs or drink beer, you can, just don't ask government to come clean up your sorry ass when your crash into a tree.
What about mentally retarded or physically infirm, the poor and the helpless? Well my dear folks that's YOUR responsibility as a citizen to help your fellow man, it is not the responsibility of the government to steal from someone else to pay for those. If there are homeless people in your community, shouldn't you be helping in your local community? That is patriotism.
Not directing the rant at you legal eagle, except for the part about the MSM sound byte
It shouldn't be up to the government to recognize marriages. That is up to the church or employer in the case of benefits. Learn a bit about the man before you spew
When do you run out of room to raise the ceiling, and have to raze the roof?
TBT or not TBT...
10:20 saw volume spikes on TBT, ZSL, AGQ and less on TLT. it is a mystery.
The US can't default until there are adults running things. Just imagine someone that just went through bankruptcy, had all debt extinguished and was handed a new pile of credit cards......Oh what fun.......
Good point. The financial house needs to have its rat nests flushed out before we can move back in again.
Thank you Ron Paul, default is the only out of this mess.
He's just so nuts, his idea's are so strange! Who cares about the Federal Reserve anyway!?! Lol lol lol, back to American Idol.
LOL Bitchez
Sounds logical. Guess that means they cannot do it. Of course RP knows that decreasing the debt even by the 1.6T that the FED owns would waterfall collapse us.
There is so much cross-linked debt that we cannot back out of this mess. So we will push forward, and hope that "growth" starts to outpace debt. Which is a farce, as the Fed.gov has been adding over 10% to GDP for a few years with debt growth.
This is like a honeymoon in prison. No matter how you cut it, you're fucked.
It's all over but the cryin.
pods
Ron Paul will lose the presidential race and retire, then spend the next 2 years writing his magnum opus "I Fucking Told You Fuckers This Would Happen: Why You're a Bunch of Dumb Idiots" on his front porch which noone will be able to read since they'll be too busy fighting WW3.
+1
Tru dat. Well said.
lol...nice
Prophetic. I hope he chooses that exact title too.
I wonder if I could beat him to the punch and write such a book myself...and sooner?
Oh yeah, that's right... no one will read it because they'll be too busy fighting off the zombies coming after their food.
.
The only truth teller in the company of thieves.
I like the bit about hoping the default happens after you die. Or, hoping the default occurs after you move your ass out of the US. Which, for me, is happening in about 5 months.
where you going?
Yes, when Keynes said, in the long run we are all dead, he wasn't making a general statement about humanity, but about his own generation and the economic chicanery they could get away with and leave to succeeding generations to have to deal with. He didn't have any kids, so why should he care?
Lovely man.
A: Yes.
Most people get to that part, breathe a sigh of relief, and go shopping. So long as "put it off" is on the menu, or even near the menu, or on a menu at another restaurant, or printed anywhere on a random piece of paper in contrasting ink, then people will order a big steaming plate of "put it off"
Fact.
fiat is all relative. Those are the rules of this game. Unilateral moves are like showing your cards in a poker game. It's for ideologues and fools.
Yes, another side of "put it off," please.
The fight coming is not going to be fun or pretty, so no need to hurry it along on my account.
I'll use the time to go shopping- for more food, lead, and PMs (in that order.) No relief sigh, unfortunately.
I wonder how many of the folk who want to do it now have even been in a fist-fight, much less a real combat situation. It's ugly and not at all what you hope it might be- not like action movies on the TV.
My worry is that we're already to the point of being as bad as it was in Germany if we default now.
Other than that what about pattern recognition? "no default, no default, no default, no default, no default" = we're sure as hell going to default based on previous bullshit lies coming out of the gov't.
Yep, millions of people who have nothing except social security and Paul claims it will be 'uncomfortable'. No you fucking sack of shit, try you'll just have to fucking die. BTW I don't like raising the crap either. So in other words........I don't like this situation period and if I had the resources I would certainly get the hell out of here.
He had a plan on social security. For each year you have between now and age 62 you have to wait another month to collect. For me, that means I would have to wait an extra 18 months, no so dire.
He also says, bring home the military - and "slowly" work on the entitlement programs. This strikes the right balance in my opinion.
We should end our imperilism, that is one of the root causes of our bankruptcy.
True. You're thinking before typing, something I don't often do.
As far as imperilism, my name for that is Operation Global Gobble and it seems to be at the very top of everything, meaning the people could end up like those in N. Korea before they end it. I have no doubts of that whatsoever.
How about this? The supporters of Social Security keep saying "I paid in, I want my money."
Give them what they want. They can only pull out what they put in with a reasonable return in interest. After that, they are booted out of Social Security into another system KNOWN AS CHARITY with means testing.
The old farts who are milking us can then can it with the moral outrage. Either you are drawing money you put in, or you are on charity, plain and simple.
In some ways it is much worse than it was in Germany. Germany didn't have 1 million in jail. Germany didn't have gangs in all of its major cities. Germay still had local farms. Germany still had mom and pop owners of small businesses that would extend credit to their neighbors so they wouldn't starve. Germay wasn't as corrupt as we have become.
Seen from afar, the USA is a pristine white blanket of snow with a $13 trillion economy. But when you dig down below it, you realize it is an avalanch waiting to happen. The shepple don't even suspect that, yet.
talk about the height of moral hazard. c'mon man! Why should anyone pay back any fucking debt? Who's the lazy no good POS now?
But when the Fed prints money to buy wet ink paper from the treasury, is that real debt? I think it is just a technique to dilute the dollar.
naaa. The inherent value of FRN is zero. Just keep an eye on the FX pairs. That's all it is. We dilute, they dilute and it goes round and round. three card monte.
do not forget though, that the "tradition" of the USD (and big brother the petro/dollar) is based on the U.S. military. So balance the freakin' budget at your peril. Morals have no place in this game we've found ourselves in.
Oh yeah, balancing the budget is a perilous thing. It could lead to other psychotic behaviors like responsibility and sanity.
Even if we balanced the budget this year and all years forward, we still do not produce enough revenue to pay back what we owe in P&I. Another way of saying this is if we don't call it quits trying to keep the system afloat, we will continue to rip off even more people of their hard work. This folks is a crime in progress and as long as we let it go on we are active participants in the looting.
It's even worse than that. If we were to start paying off the debt, our money supply would be squeezed because we have a debt-based monetary system. No government debt = literally no money. The ultimate deflation.
Default and be done with it. Reid in the Senate made sure it will happen this morning.
Hell, pot calls kettle black. Citizens bankrupt and default all the time only to dig out a few years later with fresh credit cards etc etc etc.
this country has a SPENDING problem!!!!! cancelling debt does NOT fix the underlying problem!! so we default, then what? this country still runs deficits every year. the profligate ways continue unabated. in fact, congress may look at this as an opportunity to spend MORE now that the debt is lowered. the debt is only a resulting symptom of the disease. you must cure the disease!!!!
We remove the middleman>>The Federal Reserve<<. Re-coin.
Yes, good point. End the war on drugs, end the wars.....in Libya, Afganistan, Pakistan, Bahrain, Yemen, close our European bases, protect our borders not the border of South Korea, cut our forces in half, get out of the middle east. That would be a great start toward fiscal sanity. It is only propoganda that we "have to be there" Canada doesnt "have to be there" neither does Sweden, Switzerland, Brazil, etc. etc. etc. The modern war machine is the biggest problem we have.
We default and who will lend us money? We will be forced to live within our means.
bond markets have short memories. argentina, russia, etc. all continued to borrow.
Obummer would never get it. Paul is brilliant.
Neither would GW Bush, Papa Bush, Clinton, Regan, or any politician since 1960, the last year we made a payment on the national debt principal.
RINO Establishment's Fear Meter of Ron Paul Increasingly Spikes Each Cycle. Who would have thought that the 'fringe' Ron Paul would be within a near statistical dead heat with Oblahblahma:
Obama 41%, Ron Paul 37% - Rasmussen Reports™Thanks TIS I was just going to share the same!
"The latest Rasmussen Reports national telephone survey of Likely Voters shows Paul picking up 37% of the vote, while the president earns 41%."
What a disappointment! 41% of the people are still that deluded?
ok!
guy can throw a punch, here. yay!
since cali is a closed primary state, i've been thinking of registering "R" for a while
now, i'm gonna do it next week
man, i'll prob get freaking jury duty
Careful slewie, I did that a couple years ago in a closed primary state.
Let's just say that your mailman will need to get a raise.
pods
p.o. box for political/goobermint mail, heh heh.
some of r.p.'s rants leave me wondering, tho. for example: "We could start by canceling out the debt held by the Federal Reserve, which would clear $1.6 trillion under the debt ceiling."
this = default now?
who is "we" here? and how would this be done, even if we stipulte it is a good idea to pursue? in other words, what the hell is he talking about doing, here? or is this just "friday @ the crisis" campaign bullshit?
anyhow, i'm gonna play in the R primaries. the convention is gonna be in tampa bay the week of aug 27, 2012, and if one is looking for a crazy job next summer, the site is already up, to take your application.
then the dems will be in charlotte 9.3-6, so, hey, work both and prepare for a future career of running away with the circus.
I've stayed an "R" because most libertarians run in R primaries. We had a good guy run last time, BJ Lawson, but our district is gerrymandered heavily.
All the mailings do is get me fired up cause of how much they smell of propaganda. All the marriage stuff, homos, etc.
I want to start an anarchist party, but by definition, once people join up, they cease being anarchists.
pods
We did not declare any party loyalty last election. We are probably Tea Party now but DHS views them as a Terrorist threat and not a valid party... so we will wait.
if you do that, prepare to get the most idiotic solicitations in the history of western civilization.
Pain now or pain some other time? Hmmmm.
0 = no pain 10 = max pain
pain = 7 or 8 now
pain = 10 later
Exactly. They are printing the money to pay for them right now.
I,m with Stefan Molyneaux on this guy, do you really want a libertarian at the helm of USS Titanic when this ship of state goes down to the the bottom , people will forever say see thats what happens when you put a Libertarian in charge and the goal of a truely anarchic freestate will be put back another 400 years. yes if you have to choose a politician he,s probably the only sane and reasonably honest one in the western world but why choose any politician to make up rules for you ? Do you love your slavery ?
For these very reasons I was happy to see Obama win in 2008.
Imagine what they'd be saying about 'conservativism' if that tool McCain had won...
They'll still blame Bush anyways.
Yet Moly doesn't hurt the cause via his egocentric preachings and psudo-psycological appeals to young adults to solve all their "slavery" problems via what he terms "de-foo" from their parents who caused all their lifes troubles? Stefan is a profiteer of the weak minded, and he runs a pretty damn collectivist group for someone who calls himself anarchistic. Moly-bots think of him as a "saviour" say, what happened to his wife who used to have all this content on Free-Domain-Radio with Stefan? they removed it., and prob. for good reason...
excellent
Classic PPT stick save of the ES at 3.45pm, brought to you by your tax dollars. Thanks Brian.
I have never voted before. I will take an unpaid day off from work and cast my 1 vote of support for Ron Paul if he makes it to the final 2. Hopefully he doesn't pull a Ross Perot and blow it.
I too am surprised this guy hasn't had some kind of 'accident' yet. He's a really brave person in my opinion to take a vocal stand against the establishment.
After Obama being one of the worst Presidents of all-time, it would be great to finally have a real *LEADER* in that spot.
I liked Perot. But MSM had a great laugh with him and his charts and "sucking sound" comment. He was FIERCELY against NAFTA. He warned us. Did we listen? No, silly man. Well we certainly can clearly hear NOW that swooshing sound everyday as American jobs leave this country en masse.
Don't worry about any attempts on his life. Is he? This is just the beginning of the awakening. More like Ron Paul will follow him for sure and he knows it. He is blazing the trail for other true libertarians to follow. God speed to Ron Paul!!!!!
The only politician with both the intelligence to understand this issue and the courage to tell the unwashed masses the unpleasant truth.
Just a spoonful of sugar Mr. Paul, helps the medicine go down. Or so Mary Poppins told me.
Wouldn't mind going down that road, taking that trip - but, but, I must feed my lobbyists...
Have a friend who ran up huge credit card and other debt and now is borrowing more to stay alive. When asked why, he always replied "Iam a partner with my government". I, on the other hand have always saved , invested wisely without undue risk and lived frugally within my means. Always wondered who would come out ahead.
Jury is still out ,but I prefer to face the music now simply because Iam better prepared now. Later on there will be no winners. Problem is there are many more in debt ,than not, and they vote.
"We could start by canceling the $1.6 trillion dollar debt held by the Federal Reserve"
and the GOOSE IT TO E.O.D. dickheads were 10 min late on start (3:40pm) but the're sure goin' for it..... assholes
I already jumped...
not too bad down here, try it.
" We could start by canceling out the debt held by the Federal Reserve, which would clear $1.6 trillion under the debt ceiling."
I've been thinking this for years. We didn't tell the Fed to get us into this mess with their never ending easy money "policy", so we should just tell them to fuck off and stick them with the liabilities. That would be a good start. But we'd have to follow through by rounding up all the Wall street banksters and Fed members who were complicit in this, the biggest financial crime in history, and prevent them from doing any more harm. I'm thinking maybe they could be put into the FEMA camps...
I agree with Ron Paul --- stiff the Fed, end the Fed.
Default now, nationalize the central banks, throw out management, sell them back off to the market. No debt slavery.
We all see where this is going if we don't do some iteration of the above.
Why default Ron?
The debt is fraudulent.
Wipe it away via Glass-Steagall
Default is on the borrower.
Wiping away fraudulent debt is on the lender.
You'd think he'd understand that. Guess not. (but that was already known)
One might think it's a semantical argument, it is not. Because this odious debt isn't the American people's legitimate problem (a fraudulent problem we are being held to it IS).
It is a problem of the banksters! They have just apparently fooled Ron on that account, as well as most other people to an even larger extent. At least he knows it isn't payable, I'll give him that.
But I guess Ron just thinks anything fraudulent put through is our fault. Because that's what default states. Wiping away fraud, tilts the scales back to the banksters. C'mon Ron, wake up.
Goldfather, we fooled the Germans, into the $ 150 B bailout of the Greek bums, and we will
fool the american sheeple also.
"And I want no heroin money printing in the
suburbs or midwest. Print the counterfeit only
in liberal areas. where the layoffs and riots
occur, as we move our businesses out.
Only on the left coasts; inject the heroin
printed money for the debt ponzi scheme in
their veins, they re soul less liberals, they
deserve it."
From "The Goldfather."
Everyone is getting sick and tired of listening to Ron Paul drone on like the headmaster or school principal. Constantly lecturing to no avail.
If Donald Trump was speaking on this topic, then that's a whole 'nother story....
Default and stand behind our military before it disintegrates into a low IQ ghetto sodomite lesbo farce.
we have a year.
Military fairy
http://www.youtube.com/watch?v=I_iH1GhM2j8
New closing highs for AAPL, that's all that matters.
iPads, bitchez!!!!
You are a piece of shit
party-on, Robo!!!
but don't iPads actually kind-of suck
isn't it the phones driving the business?
is that wave peaking?
It would matter if THE DONALD was speaking.
sorry bobo.
And dont forget the new Tiger OS. I figured i would download it and give it a try before they take me away.
And dont forget the new Lion OS. I figured i would download it and give it a try before they take me away.
The US will not default on its debt. The default will occur when Grandma's social security check bounces, or never arrives. The debt however will be serviced.