Ron Paul On "Debt Ceiling Drama" "We Need To Stop Allowing Secretive Banking Cartels To Endlessly Enslave Us"

Tyler Durden's picture

The barrage of political statements on the debt ceiling is reaching a crescendo. Following Eric Cantor, here is Ron Paul.

Debt Ceiling Drama

First of all, politicians need to understand that without real change
default is inevitable.  In fact, default happens every day through
monetary policy tricks.  Every time the Federal Reserve engages in more
quantitative easing and devalues the dollar, it is defaulting on the
American people by eroding their purchasing power and inflating their
savings away.  The dollar has lost nearly 50% of its value against gold
since 2008.  The Fed claims inflation is 2% or less over the past few
years; however economists who compile alternate data show a 9% inflation
rate if calculated more traditionally.  Alarmingly, the administration
is talking about changing the methodology of the CPI calculation yet
again to hide the damage of the government's policies. Changing the CPI
will also enable the government to avoid giving seniors a COLA (cost of
living adjustment) on their social security checks, and raise taxes via
the hidden means of "bracket creep."  This is a default.  Just because
it is a default on the people and not the banks and foreign holders of
our debt does not mean it doesn't count.

Politicians also need to acknowledge that our debt is unsustainable. 
For decades our government has been spending and promising far more
than it collects in taxes.  But the problem is not that the people are
not taxed enough.  The government has managed to run up $61.6 trillion
in unfunded liabilities, which works out to $528,000 per household.  A
tax policy that would aim to extract even half that amount of money from
American families would be unimaginably draconian, and not unlike
attempting to squeeze blood from a turnip.  This is, unequivocally, a
spending problem brought about by a dramatically inflated view of the
proper role of government in a free society.

Perhaps the most abhorrent bit of chicanery has been the threat that
if a deal is not reached to increase the debt by August 2nd, social
security checks may not go out.  In reality, the Chief Actuary of Social
Security confirmed last week that current Social Security tax receipts
are more than enough to cover current outlays.  The only reason those
checks would not go out would be if the administration decided to spend
those designated funds elsewhere.  It is very telling that the
administration would rather frighten seniors dependent on social
security checks than alarm their big banking friends, who have already
received $5.3 trillion in bailouts, stimulus and quantitative easing. 
This instance of trying to blackmail Congress into tax increases by
threatening social security demonstrates how scary it is to be
completely dependent on government promises and why many young people
today would jump at the chance to opt out of Social Security

We are headed for rough economic times either way, but the longer we
put it off, the greater the pain will be when the system implodes
.  We
need to stop adding more programs and entitlements to the problem.  We
need to stop expensive bombing campaigns against people on the other
side of the globe and bring our troops home.  We need to stop allowing
secretive banking cartels to endlessly enslave us through monetary
policy trickery
And we need to drastically rethink government's role
in our lives so we can get it out of the way and get back to work.

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Frog-And-Toad's picture

Ron Paul 2012!!!


I've long since been a fan, but I have a sneaking suspicion that Ron will "pass of natural causes" very soon after winning Iowa and New Hampshire... God I pray I am wrong...

Clueless Economist's picture

Too many sheeple don't know who he is and care much more about some white trash mother killing her daughter and getting away with it.  Much more imporatant things like Justin Beaver to worry about then the future of our country and how Ron Paul could save it.

Frog-And-Toad's picture

5 years ago I would have agreed with you, but I can honestly say that over the past 4 months I have walked passed over 10 people just randomly speaking about Ron Paul (not agreeing with everything, but talking about his positions) on the street.  MSM may not report this, but just think of "Common Sense" during the times of the revolution.  There is a HUGE underground movement of ideas that have taken root, and I believe that the people are no longer easily fooled... Of course I live in a big city, so I don't know how the rural folk are...

Frog-And-Toad's picture

You're a bloody wanker then ain't cha?

Hacked Economy's picture

Wanklord said this exact same thing (word for word!) back on June 23.  See his comment #1396503.

He has only a handful of pre-prepared comments, and cuts-and-pastes them.  I've already called him out on this before with another copied comment of his.

To everyone else...JUST IGNORE HIM.  He's likely only a bored teenager looking to get attention.

Uncle Remus's picture

Still angry about not being breastfed as an infant?

Manthong's picture

It's a repression thing.

Some people actually are not proud to be gay.

Buckaroo Banzai's picture

Wanklord, let me be the first to congratulate you on a truly magnificent troll. The avatar pic, the name, and the post all work hand-in-glove to make for a most succulent troll.

Well played, sir!

tarsubil's picture

Not so great considering he is highly repetitive in his comments. If I remember correctly.

Buckaroo Banzai's picture

when you have a winning formula, why mess with it?

Robot Traders Mom's picture

@wanker-just like robot trader, you have to troll ZH to participate in social interaction.


My suggestion to you is to leave your shitty little apartment, go to the store or the mall, and try talking to real humans for once.

Cindy_Dies_In_The_End's picture

He did and that poor lady from Arizona just got out of the hospital.....


Yeah I know, too soon..

SMG's picture

We Americans are not all as brutish and ignorant as you and your flying monkeys believe.  You and your Illuminati Master Race look down on we "useless eaters".   You have benefited from hiding in the shadows, but now the truth is spreading.  

No the global nation-less "Illuminated" Oligarchy ruling the US are the brutes Mr. Weishaupt.  They are the ones who involve us in unending wars, undermine our currency, infect our banking institutions , silence any mass media that tries to tell us the truth, trick us with easy credit, corrupt our government, society, religions, and political system.   You know what is brutish? Torturing and  enslaving people for your own amusement.  Programming and abusing people from when they are really little to break their will and don't question orders when they are adults. Performing unmentionable acts on innocents, all in the name of some fraudulent "magick" religion.  Killing people just because they speak the truth or get in your way.  Those are the real brutes.

And that evil brutish empire will be overthrown, and one day we shall all be free.

Baron Robber's picture

Frog, I've seen some of this as well and would love to see/hear more. The problem is the mixing of wackjobs like Bachman in the same conversation.

Anyone who thinks they know exactly how this all plays out is full of bull. (and this is coming from someone who's been accumulating the un-edible relic, so you don't need to give me that advice).

unwashedmass's picture

i am in NH, and i assure you, people know who he is.....more people than Romney could ever imagine....

and, i agree, there may be a very big surprise for the republicans on primary day in NH


SoNH80's picture

Ditto.  Paul barnstormed the area this weekend, a warm welcome everywhere he went.

A Nanny Moose's picture

If what you say is true, then those of us who do know, are not doing our jobs.

Republi-Ken's picture

GOV CHECK SENDING process is computerized and SO COMPLEX/HUGE

that Social Security checks MAY BE IMPACTED by default...

no way for GOV to guarantee which checks go and which do not...

OBAMA told the TRUTH based on the unknown of distribution system.

digitalhermit's picture

So what you're saying is the checks may go out but they may also bounce.

A Nanny Moose's picture

If what you say is true, then those of us who do know, are not doing our jobs.

the not so mighty maximiza's picture

he has is own "people" around, it will be difficult.

MethodMan's picture

If he was elected he'd unfairly get all the blame for the inevitable crack-up caused by the policies of two-party rule over the last 50 years. Perhaps it's best if another R/D shill is at the helm of the USS Titanic when it goes down.

narapoiddyslexia's picture

Too true. Is there any scenario under which it might be saved? Possibly, possibly. Check out Jim Rickards here - - It may be too late for even the gold standard, and TPTB may realize it means a diminution of their power, but at least it can be no worse than what we have.

TheGameIsRigged's picture

The government houses the lowest forms of humans.  They take money to look the other way, or even to blatantly defile the American people.  I would love for them (and invite them) to live the life of a normal American for a week or two.

They are disgusting things.

TheGameIsRigged's picture

The government houses the lowest forms of humans.  They take money to look the other way, or even to blatantly defile the American people.  I would love for them (and invite them) to live the life of a normal American for a week or two.

They are disgusting things.

Debtman And Robbin's picture

Sorry for hi-jacking your thread, F&T. But I have a question:

If his brother Wayne is right and the UNITED STATES OF AMERICA is only a corporation installed to process the bankruptcy of the United States of America, then Ron Paul would be nothing more than another corporate whore, wouldn't he?

Please refer to this video, starting at 0:30min:


But maybe they just don't talk to each other enough. Maybe Wayne hasn't had the chance to clear up the true nature of things with his brother because Ron is so busy running for POTUS in 20xx. Maybe Wayne is a psycho. Maybe I just don't know a shit. Maybe you are me...

(Anyone looked up the legal/ancient meaning of the word "administration"?)

Need to get another drink and wrap up more of this stinky stuff...



Mongo's picture

Implosion... bitchez!

knowless's picture

obvious outcome bitchez!

there isn't even a point to set a charge, this shit'l blow on it's own.

Mongo's picture

Btw, "silver prices" number 1 on Google Trends...

Cindy_Dies_In_The_End's picture

eBay's front page has a "bullion" center for buying metals.


Frickin' Jesus...

Temporalist's picture

Try logging out.  It is only presenting ads in response to your account.


the not so mighty maximiza's picture

Ron Paul is the only true Republican around.

cityguyusa's picture

I vote to let it implode long after I'm dead and gone.

carbonmutant's picture

Take away the F**king Credit Card!