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Ron Paul On "Debt Ceiling Drama" "We Need To Stop Allowing Secretive Banking Cartels To Endlessly Enslave Us"
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
altogether.
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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Ron Paul 2012!!!
http://www.ronpaul2012.com/
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...
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.
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...
You're a bloody wanker then ain't cha?
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.
Still angry about not being breastfed as an infant?
It's a repression thing.
Some people actually are not proud to be gay.
+1000
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!
Not so great considering he is highly repetitive in his comments. If I remember correctly.
when you have a winning formula, why mess with it?
@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.
He did and that poor lady from Arizona just got out of the hospital.....
Yeah I know, too soon..
Hey Ron, avoid those hot tubs...
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.
It is Ron Paul vs. the Statists.
http://www.freemarketfan.com/2011/07/debt-ceiling-dog-and-pony-show.html
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).
Ron Paul tv ad. Very well done.
http://www.youtube.com/watch?v=UUNIeOB0whI
+1776
And they got Anonymous to do the music!
Sad, but true.......
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
Ditto. Paul barnstormed the area this weekend, a warm welcome everywhere he went.
If what you say is true, then those of us who do know, are not doing our jobs.
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.
So what you're saying is the checks may go out but they may also bounce.
If what you say is true, then those of us who do know, are not doing our jobs.
Vote for Ron Paul 2012
Our latter day Barry Goldwater
http://www.youtube.com/watch?v=ExjDzDsgbww
he has is own "people" around, it will be difficult.
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.
Too true. Is there any scenario under which it might be saved? Possibly, possibly. Check out Jim Rickards here - http://vimeo.com/18160394 - 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.
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.
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.
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:
http://www.youtube.com/watch?v=IlCs7u1ihws
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...
Cheers,
D&R
RON PAUL
Implosion... bitchez!
obvious outcome bitchez!
there isn't even a point to set a charge, this shit'l blow on it's own.
Btw, "silver prices" number 1 on Google Trends...
eBay's front page has a "bullion" center for buying metals.
Frickin' Jesus...
Try logging out. It is only presenting ads in response to your account.
Ron Paul is the only true Republican around.
You should use a small 'r'.
touche
I vote to let it implode long after I'm dead and gone.
No cheating, you have to try to live through it!!
Baby Boomer.
haigh faive!
http://www.youtube.com/watch?v=_j9QeUoPOi4
Take away the F**king Credit Card!
Why is there NO talk of LOWERING the debt ceiling NOT Fricking raising it????????
How about just paying off one penny of the fucking debt which hasn't been done since 1960? Not a single penny of debt has been retired in more than my lifetime.
"Truth is Treason in the Empire of Lies"
The only Pres. candidate that is telling the truth on this matter so will be ignored by MSM clowns
first campaign ad for 2012. and it is a win.
http://www.youtube.com/watch?v=UUNIeOB0whI
Damn that Ron Paul is good. Meanwhile, the Banksters are working overtime to fool the Tea party to support one of their stooges like Rick Perry. Glenn Beck just got back from israel and after sucking on a few dongs, got his marching orders and is now moving to texas to work full time on his new mission of arranging for a Palin/Perry ticket or vice versa. Texans are too smart. They won't fool us. We would have already had Debra medina if that moron Beck had not set her up on the 911 statement.
I am sorry.....what does your last sentence refer to?
Debra Medina, a true libertarian, was giving Slick Rick a run for his money in the republican primary in the 2010 governer's race. Glen Beck had her on his show, which could have solidified her chances, but right out of the gates ambushes her with a question of her views of 9/11 and whether the US Gov't may have been complicit. She was taken off guard (not being a career politician) and answered truthfully that she "had some questions surrounding 9/11". End of story. Polls turned on a dime, and she was history. Absolute political assassination by Beck. Makes even more sense when you realize Perry has been a Bilderberg attendee, and supported the treasonous Trans-Texas Corridor. TPTB have been grooming this punk for the White House, and Debra Medina could've derailed his gubernatorial run, which would have been curtains for any presidential hopes.
Thanks wormy !
douple post
Boy that Beck is a trip. He went from America founding fathers to all-tribe all the time. The bankstas must have made an offer he could not ignore.
Makes too much sense and flys in the face of the 1% elites and Wash DC assclowns
Does this mean there really is a conspiracy?
i think the relationship is more like drug dealer -> crack addict rather than a conspiracy
the banksters will give the US govt plenty of rope, as long as they get to steal the fancy boots off of the swinging corpse they are happy to oblige!
When news of a hanging is known only to the hangee and those doing the hanging and we don't learn about the hanging until afterwards if ever, that my friend is a conspiracy.
Political parties are by definition conspiracies--a conspiracy to work against your own consience or self interests to promote the party. And since both parties consists of and serve elites, then there is a conspiracy of elites.
"When news of a hanging is known only to the hangee and those doing the hanging and we don't learn about the hanging until afterwards if ever, that my friend is a conspiracy."
Perhaps you are right, but when you swim in a shark tank what do you expect to happen? Goldman defending themselves using the "caveat emptor" defense before congress should have been a wake up call to anyone with half a brain. When you play Russian roulette there is a 1/6 chance you will die, when you let the guy you are playing against load the gun for you the chance you will die jumps to 6/6.
the death of the Republic was signed in 1913, it just took a long time for the poison to reach all of the vital organs.
+1787
News that Ron Paul "hanged himself" to break in 5...4...3...2...
(little did anyone know that he was severly depressed an abusing drugs & alcohol)...
for fucks sake, every single time that someone was "depressed and abusing drugs" I always think murder, it's always more obvious the poorer a place is, but seriously.
>i think the relationship is more like drug dealer -> crack addict rather than a conspiracy
David Stockman: I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient."
Conspiracy??!? But but but... I thought everything just happened by accident!
LaRouche, Armstrong are in my judgement the brightest with regard to what's to come and what needs to be done. They are more underrated than Paul and far more unknown to the masses.
That's not an indication of the veracity of the gentlemen you mentioned; it is a value judgement on the great job the media has done in indoctrinating the "masses".
The average American can't get their head around the idea that the party is just about over, and the waiter is bringing a VERY LARGE tab over for someone to cover. By the time they look around, the pols and their cronies will have split for the front door and they will be stuck. Instead of washing dishes or sweeping the floor, they are looking at potential enslavement for the rest of their lives.
Thus the reason that China is looking to build labor towns in Amerika. Free labor forever while they move on to living the lifestyle the Ameritards allowed to be given away by the Wall Street shysters
When i think of Ron Paul as POTUS I can't help but think grassy knoll at the same time. Just like our economy, he doesn't stand a chance any way you look at it...........
even though we all know this is true i will vote for him anyway, i am sick of everyone telling us to vote for the lesser of two evils....
Handing over power to Obama would, to me, be an impeachable offense by those who partake in it. My definition of impeachable is to lop off their hunts like peaches and make fruit salad.
I absolutely love what Ron Paul had to say and admire his deep understanding of the economy and the lies about SS which anyone can verify by examining the SS own webpage where it is clear cash flow is more than enough to cover checks (at least for the immediate future few years). This man deserves to be president based upon these statement alone and his consistent fight against the banking cartel. I'm getting off my rump and send him a check today. I've already written my "progressive" rep and senators urging them to support his cut, cap and balance bill. Should irritate them immensely to know more people support cut, cap and balance than any other approach. Immediate cuts of $400B-500B, budget cap at 18% of gdp, and a chance for a balanced budget amendment. The latter is likely not to go through but the 18% cap should do the trick by itself as federal revenues have averaged 18-19% of gdp for over 30 years. The problem is spending is now 24-25% of gdp.
SS inflows to the general fund. It outflows from the same place. Therefore, it is irrelevant if receipts exceed outlays.
SS is paid based upon its needs and its redemption of special treasuries which the left hand can elect not to pay.
But if you base spending on "GDP" then "GDP" figures will be so badly manipulated that the problems will get even worse!
Dr. Paul is the ONLY presidential candidate I have ever contributed to, and this campaign is no different.
Paul is a tool , good cop , bad cop.....and doesn't know it. Fiat is finished it's time is near, a gold standard next , but don't think for a minute this wasn't known decades ago, even been done for centuries. Lending Gold is just a profitable as paper, until it collapses. Sound money ??, Fiat ?? .... the cartel knows you're needs. The common man is never is ahead of the curve.
Ron Paul has no chance, there are too many stupid people.
Well shoot, that right there is like HALF of what gubberment is about! Without war and intrigues they'd get bored and try to -- GASP -- reform social security, or come up with an energy policy, or something. And we can 't have that.
cougar_w
When attempting sarcasm please leave something to the imagination. Think quality porn, where even the garter belt and high heels remain on at all times. :)
Not that I would know anything about that. Banzai7 told me about.......
He needs to speak like that during the debates. Economic populism is what will attract votes.
It will be in stark contrast to Romney who admitted to a Ron Paul supporter he loves the Federal Reserve and that they don't need any type of audit. Check out the confrontation below:
http://www.youtube.com/watch?v=CCcbkHKCdxI
Of course they do BB. I used to think that the FED was a usurpation of power from the government. Listening to a Griffin lecture really made it clearer to me, even after reading TCFJI. Central banks are a politicians dream. It truly is a fascist dream come true. Government gets what it wants, and banks get the privilege of created debt money at will. Both equally benefit from the cartel.
pods
"He needs to speak like that during the debates. Economic populism is what will attract votes."
I think you are right about economic populism, however that's not RP's current vector. His vector is persuading the children that "tough love" is the right way forward. He will only be a distracting side show with that message. All you have to do is pull him into the specifics --done deal.
+1
Most of the population is part of the culture of dependency, or has a family member who is. Public-sector employees, transfer-payment recipients, employees of the military-industrial complex, these cannot afford to allow themselves to listen to Dr. Paul. This is always and everywhere the natural endpoint of universal suffrage and liberal democracy.
It's amazing the US has lasted even this long.
Sorry Ron Paul....You would have an easier time convincing a "debt slave" to have a tooth pulled without pain killers...before getting educated about monetary history and the nature of their slavery to the "Syndicate"
We either end the Fed or we'll see the end of America! That's the choice! and the Fed is determined that it be option #2! We must make sure it's option #1 instead!
Economics has been corrupted, and we bought into the BS…time to get back to basics.
Also REMEMBER - We have had a gold standard before...so the point is how it is run and for whom (we need a fair system that benefits society as a whole.)
https://libertyrevival.wordpress.com/2010/07/14/milton-friedman-pay-off-national-debt-with-greenbacks/
https://libertyrevival.wordpress.com/2010/11/27/capitalism-without-monetary-justice-is-socialism/
https://libertyrevival.wordpress.com/2010/07/23/taking-aim-at-the-austrian-school-of-socialism/
https://libertyrevival.wordpress.com/2010/06/22/honest-and-sound-criticism-of-zarlengas-american-monetary-act/
https://libertyrevival.wordpress.com/2011/01/09/ending-poverty-and-political-turmoil/
http://www.amazon.com/Corruption-Economics-Georgist-Paradigm/dp/0856832448/ref=pd_rhf_p_t_2
It’s time to move on…here's an "emergency" money method.
http://alt-money.tribe.net/thread/70e5eb29-853d-44ca-9faa-b789d1757037
http://www.amazon.com/After-Crash-Designing-Depression-free-Economic/dp/...
On Trade
http://www.cooperativeindividualism.org/george_quotes.html
The only honest, unbought politician we have. IMO
I will not vote for Ron Paul in a general election if he is nominated. I respect the man's ideas too much.
The problem with it is that Ron Paul cannot make any difference in the outcome of this. Nobody save Jesus himself could. This is going to end, and it isn't going to be pretty. If it all implodes with Dr. Paul at the helm, his ideas of sovereignty and freedom will be cast to the back of the bus for the next 100 years. Why would we want that?
The system is too big and too rotten for anyone to take the helm and right the ship. Better to put the messiah back in for a second term, or some wanker on the right, rather than have Ron Paul jump on the grenade. For that grenade is a 10 megaton device.
pods
I actually thought at first Obama had been elected for exactly the reason you specified. I know it's very cynical but consider it, how did Hillary Clinton get slaughtered so badly? Not that she didn't deserve it, but it needs asking.
They verbotten her to run in some state primaries, she was short delegates by design.
While this is primarily a Ron Paul video it illustrates how Obama suddenly started getting many more media mentions than Hillary thus propelling him forward.
http://www.youtube.com/watch?v=WiAL76OoXp0
I have a lot of respect for Dr. Paul as well. That's why I'd like to see him be the one to ride this exhausted stallion to the ground, jabbing the spurs in all the way to the ground.
You're assuming that the Great Implosion™ won't happen until AFTER Nov, 2012 -- seems optimistic to me!
Yeah baby, Ron Paul 2012 (if we last that long)
Priceless.
Can we have Ron Paul's statement fed into every nursing home and living room of our sheeple nation?
What he is really saying is let's cut the crap before people start dying; but human societies usually push themselves over the death cliff rather than walk down the mountain.
Ron Paul is the one man fighting on our behalf to end the private control of wealth, we ALL need to support this effort, and stick it to the msm and all the potential, status-quo candidates that see us a docile and gullible electorate.
"The control of the production of wealth is the control of human life itself." Hilaire Belloc
I will vote for this statesman. I will also support his campaign with a donation in tomorrow's "money bomb" fundraiser.
http://www.ronpaul2012.com/
I knew there had to be a patriotic way to max out that Chase credit card offer I keep getting...
Yeah, I'm thinking of donating $150 to the Ron Paul effort using my new Chase "freedom" card, which gives me a $150 bonus credit on my first "purchase". In effect, Chase will be donating to the Paul campaign on my behalf (LMAO)! The irony is as delicious as a french crepe. They came up with a good name for their card without really knowing it-freedom. If we can get about 10000 others to do so Chase will be become Paul's biggest single donor at 1.5M$!
that is a brilliant idea!
brilliant idea...that's thinking like a spacemonkey
Ronzilla
Summary: Technology, Agency, & Extortion
If we cannot go bankrupt, why don’t we just send everyone a million bucks?
Here I am watching a lynchpin MSA collapse from the other side of its lynchpin suburb collapse, in a bedroom farming community full of Hummers, Christian schools, and sparkling government buildings, across the border from an similar echo collapse, with massive stimulus entering the black hole, from empire cannibalism, which has now reached Spain and Italy, while GE is taxing the country, paying its make-workers to collect and carry it back at a massive loss.
So, I ask the kid what the gas station is hiring for. He tells me they are accepting applications, but not giving interviews, waiting for one of the employees to screw up (assuming excess labor in a self-fulfilling crash). What most do not want to see is their government borrowing 40 cents this year to deliver 60 cents in revenue next year, as the basis for borrowing 45 cents, because this country doesn’t make anything the global private economy is willing to buy short of intra-agency extortion, in which they largely participate, expecting a flush pension.
Extend and pretend is rapidly burning the wealth hidden in the nucleus to keep the herd from stampeding, to keep the mortgage subsidies that feed the bad bank, and to keep the Texas governor, who is spending more than Obama on $10/hr jobs in case Obamanomics crashes (ever study wage migration in Texas?), while the planet is creating droughts to feed floods. Regardless of ignition origin, the collapse will be instantaneous relative to the causal behaviors bred over a few thousand years.
Why do you suppose the GSE executives made so much money? I suggest it’s a function of extortion. The cost of maintaining the machine is baked in once it’s installed. TBTF is designed to blow up. The only question is timing/direction. The squeaky wheel is the citizen lobbyist, replicating the something-for-nothing behavior. The NPV window closes, and the future becomes the present, at max tax base, casting the wave to follow.
Analogy: feed an ant farm regularly, increase feeding volatility, and then cut off the food all together. What happens to the society? Technology is the food of economics. The direction of currency is much more important than velocity, and the outcome is an aggregate of local direction X scalar velocity, in a feedback loop. There is no lack of credit or work to be done. There is a lack of willing borrowers capable of turning an economic profit in a system with no profit potential. When it explodes, there will be substantial potential for those that can maintain the gap.
If resistors are the weakness, why would you bother “hacking” the software when you can simply execute a propagation order with a mismatch algorithm?
If you buy a cheap elevator package, to run on arbitrary/proprietary dc technology, you are paying to be extorted on the repairs and modifications, which is enforced by the certification system. Replacing the technology would be more effective all the way around. They are not called low-cost market leaders by accident.
Why would you bother to look at an automation problem if you couldn’t isolate the device error at the controller, pull up a history of the wave form, and rewire to make the job easier, the equipment more reliable, and the outcome more effective each time? The last thing you want to do is wait for the problem to occur repeatedly and then crawl all over the equipment like a dumb monkey with a dumb light, telling the dumber monkeys how smart the dumb meter is, and rely on an extortion certificate to maintain the illusion of intelligence that only a monkey would value.
The objective of technology is to extend the reach of humanity, not to replace the human brain. Yesterday’s second graders could whip today’s high school graduates every time. An education system relies upon the quality of its students, their investigative ability, not the popularity of its teachers, and the economy depends upon the education system. Handing kids over to the American system is criminal social negligence, as the prison system attests (healthcare,etc).
The nation/state system is inbred with technology. It cannot decouple itself. After this decision, it will get exponentially behind the curve every day the GSE problem is ignored. Corruption isn’t evil; it’s just stupid. The addiction is a positive social feedback loop that is too stupid to recognize sunk cost, until it’s too late.
Corruption follows agency, no matter how well intentioned, because it is a least common denominator enterprise. Only the sales person ignores the future cost of revenue, which makes it a traveling salesman problem. The prescription is effective education and the technology is readily available to the community, to develop the necessary technology. Fighting over scarce space in a cave is not the answer.
There should be a different focus on each side of the looking glass to set the overall gear ratio, and gears within the multiplexer to leverage intelligent participation, allowing the electron to appear in many places simultaneously. The chicken and the egg appear on different sides of the glass due to the induced relativity.
The middle class is about to get wiped out because it began locking intelligence out of the classroom 40 years ago, in return for the promise of pensions that cannot materialize under the system. Children maintain the NPV window, not government.
Ha! Great systems analysis.
Surf on over to The Daily Bell, check out the posts by a commenter named rossbcan, and read his website. You'll enjoy it. Then come back to The Bell and comment every so often, please. Thanks!
Oh yeah, there are a few more us there, too.
The poetry of the doomsday device counting down.
For Mr. Average, no vision beyond the short-term: election, paycheck, news cycle.
For the great banking families: intergenerational transfer of assets, discipline, knowledge.
Search for "Occult Technology of Power" and read the article.
Is that wanklord or "berwanklord"?
WELL WHADDYA KNOW! I've described a failure to pay on Special Issue Treasuries held by the SSTF in EXACTLY those terms, for exactly that reason.
Now I see I shoulda been talking to Ron . . . whom many of you--perversely unable to understand the argument when I make it--so adore!
WTF?
Please also note:
Seems to me that a lot of people around ZH--those who can make any credible claim about Ron Paul's great insight and integrity-- are gonna have to stop repeating the lie that "Social Security is broke." Or stop calling Paul an honest man.
Damn, I'm starting to really like this guy.
Social security is living off hand to mouth, on a daily basis. It is still bringing in small yearly surpluses, which are duly spent by the govt on other "un-necessities".
As the population grows older, and the decline continues and more people need SS handouts, the system WILL collapse in on itself. The turning point was roughly going to be in the mid 2020's, but as the decline deepens at a faster pace, it's much likely to be sooner. There is no fallback, no govt bailouts for SS and no honoring of IOU's.
In a sense the people who say SS is broke are partially true. There is nothing in the bank, and all it's gonna take is one bad month where expenditures outweigh SS income, and the system is done.
A government default.
Interest on the debt
- Oct 2010: 24B
- Nov 2010: 19B
- Dec 2010: 105B
- Jan 2011: 21B
- Feb 2011: 22B
- Mar 2011: 24B
- Apr 2011: 29B
- May 2011: 31B
- Jun 2011: 111B
Total for last fiscal year was $385,871,949,498.62 This was at an average rate of 3%, I've asked before, but what happens if the rate goes to 4% or maybe 5%. We are screwed. Ron Paul for President is sounding more and more like a good idea.And that is why everything depends on them keeping interest rates down. The gov't collapses otherwise.
On RP,
Wether you agree with his policies or not (monetary, foreign, social, whatever) the thing that sets him apart from all the other clowns (GOP or Dem) is that he is consistent on prinicples. You have to admire that. Myself having voted for the GOP and Dems over the last couple decades only to get the same bullshit, I may just vote for RP.
Ron Paul/Peter Schiff in 2012!!!
.... the cartel knows you're needs. ...The common man is never is ahead of the curve.
Correct, however the texas two step wont work this time ( manipulated gold "fiat" )due to the converging of manmade and natural crisis' - that thows lot'sof butterfly effects into the mix - again making a real change as the only rational alternative.
There is a third way that can help all peoples including elites that see the merit in supporting it and the unparalleled prosperity and invention that would follow...
Economics has been corrupted, and we bought the BS…time to get back to basics.
https://libertyrevival.wordpress.com/2010/07/14/milton-friedman-pay-off-national-debt-with-greenbacks/
https://libertyrevival.wordpress.com/2010/11/27/capitalism-without-monetary-justice-is-socialism/
https://libertyrevival.wordpress.com/2010/07/23/taking-aim-at-the-austrian-school-of-socialism/
https://libertyrevival.wordpress.com/2010/06/22/honest-and-sound-criticism-of-zarlengas-american-monetary-act/
https://libertyrevival.wordpress.com/2011/01/09/ending-poverty-and-political-turmoil/
http://www.amazon.com/Corruption-Economics-Georgist-Paradigm/dp/0856832448/ref=pd_rhf_p_t_2
It’s time to move on…
http://alt-money.tribe.net/thread/70e5eb29-853d-44ca-9faa-b789d1757037
No thanks on the Zimbabwe/USSR money shell game.
<<US banks should be allowed to take a hit from risky investments if the free market is to be preserved, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC Monday.
"The privileged few clustering around the Treasury Secretary and the Fed have eaten everybody else's lunch," Corrigan said.
Federal Reserve Chairman Ben Bernanke said on Thursday that another round of quantitative easing was not imminent, after the second round was completed.
"If you want to preserve some kernel of the free market, you can't have corporate welfare socialism and then expect all the austerity to fall at the bottom of the pile," Corrigan said.
"This is supposed to be a free market where informed investors take decisions to invest their capital and when the capital risk backfires they have to pay for it," he added.>>
http://finance.yahoo.com/news/Big-US-Banks-Ate-Everyones-cnbc-3944370718...
I will say that Judge Napalatano on Fox Freedom Watch gives RP tons of airtime and props. The Judge seems like a true libertarian and even gave the "Building What?" folks solid airtime. I can't figure out Fox's angle though, letting him spout the anti-Fed, anti-TSA, anti-Patriot Act line that he does. Any opinions? IMO, every one else on FOX can eat a bag of dicks, including Beck, but I like the Judge.
Why would Fox give him time? My guess is they want to keep that consumer demographic with them and are very happy to have concluded that he cannot be elected anyway.
MSNBC also puts him on regularly.
As I understand the core Libertarian platform, government regulation should be reduced or eliminated on principle.
If Libertarians have any core at all, just how would RP end the Fed and get the "debt slavery" under control when they are both, a product of private entities?
A national debt default is leftist interventionism or straight up fascist, not Libertarian. Is Mitch McConnell the only one that sees that?
The FED is not "private", in a libertarian free market sense. They were granted a monopoly on issuing "legal tender." It is a private company, but one that was granted a monopoly. It achieved what it did by fiat, not as a result of the free market. As for the debt slavery, that stems from both the FED banks issuing debt money, and from the 14th amendment, which sets up a trust that all who partake in the benefits of the trust are responsible for the debts of the trust. (It goes down the rabbit hole there, and it is DEEP.)
pods
That's complete bullpiffle.
It's not my debt.
I'm not going to pay it.
Got it? I stopped producing more than I need to survive, and I stopped any and all borrowing, and the bank has not more than a minimum balance for check-cashing.
The debt is being repudiated. It is unpayable. It cannot be paid. It will not be paid.
They will try to inflate it away which will destroy the currency, or they will try to keep increasing it, which will destroy the currency.
The internet has punctured your dreamworld.
We will no longer accept unearned guilt, unearned obligations, or unearned debt.
The predator/host relationship is about to turn around with a vengeance you've never dreamed of.
When the currency collapses and they come out with the Next Big Thing, that really means a lifetime of servitude under this debt, we will not accept it.
I have a depressing theory about how this debt debate plays out.
I think a backroom deal was made between democrats and republicans. I think they refuse to lift the debt ceiling. The bond market freaks out and causes miscellaneous derivative-based nukes to go off, essentially tanking the economy.
Bernanke rides to the "rescue" and creates a few trillion out of nothing. This is pumped into the economy as quickly as possible. Hyperinflation goes into high gear.
Result? All dollar-denominated debt is worth about 10% (or some much lower figure) of what it was. Effectively, the USA defaults on its debt via inflation.
Tradition is a wonderful thing. No?
The USA is temporarily, really broke. Hyperinflation means that wages are now comparable to what is paid in China and India. China, which has the Yuan pegged to the dollar, can either devalue the Yuan to dollar levels, which would cause major political upheaval by reducing everyone's Yuan denominated wealth, or leave the value as is, tanking its export economy.
The other longer-term side effect is that suddenly, USA labor is competitively priced. Other countries invest and domestic companies bring back work. Everyone's poor, but everyone's working.
As an added aside, Obama is not re-elected and another shill, this time a republican one takes the figurehead position we still call "president ."
Is there a major flaw in this theory? Because I'm afraid that's how it's going to go.
Some interesting ideas. Only I'd like to questiona few assumptions.
1. If the US citizen loses most of its wealth and purchasing power, you assume they will just be happy to have a job and there won't be any societal fallout to what would have happened.
2. If the US defaults by inflation, and loses its purchasing power, it loses its empire, which it can no longer afford. Again, they would loathe to do this. SS, Health Care and Education can collapse in the US but the empire "must survive at all costs".
3. China won't take it lying down, and neither will the rest of the world. There would be serious implications.
4. How would the US afford its ability to buy energy and resources for its industries? All oil and gas would instantly be sold in non-dollar denominated currencies, which the US would struggle to pay for. 14 million imported barrels of oil wiped out. Catastrophic to the economy and any recovery. High value goods need the cheap imported resources to build them, and the US would struggle to acquire them.
5. Nations won't instantly re-invest in a nation which led the world and blew it. Again linking in with No. 3, the rest of the world won't take it lying down. They'll feel betrayed and hurting from the economic collapse.
1. If the US citizen loses most of its wealth and purchasing power, you assume they will just be happy to have a job and there won't be any societal fallout to what would have happened.
I think that US citizens have been so pacified with pop culture, propaganda, cheap psychoactives, cheap food and fear that they will, for the most part, accept it, at least initially. Long-term, you may have a point about societal fallout. I just think it might take a few years.
2. If the US defaults by inflation, and loses its purchasing power, it loses its empire, which it can no longer afford. Again, they would loathe to do this. SS, Health Care and Education can collapse in the US but the empire "must survive at all costs".
But I think that those with clearer heads have accepted that the Empire is unsustainable no matter what we do. Doing it sooner stretches our oil supply farther, since the US military is the world's largest consumer of petroleum fuels. The oil factor is always in the background lurking.
3. China won't take it lying down, and neither will the rest of the world. There would be serious implications.
But what could they do? Stop lending us money? At that point it's moot.
4. How would the US afford its ability to buy energy and resources for its industries? All oil and gas would instantly be sold in non-dollar denominated currencies, which the US would struggle to pay for. 14 million imported barrels of oil wiped out. Catastrophic to the economy and any recovery. High value goods need the cheap imported resources to build them, and the US would struggle to acquire them.
I think we either just don't purchase them, or we use the few remaining nukes and what's left of our military power to bully the remaining oil producers who can be bullied. Russia would be off limits, but I can foresee an invasion of Venezuala and a permanent presence in Iraq and Iran. I think we'd abandon Afghanistan. The mineral wealth is probably not worth it, but I might be wrong there.
5. Nations won't instantly re-invest in a nation which led the world and blew it. Again linking in with No. 3, the rest of the world won't take it lying down. They'll feel betrayed and hurting from the economic collapse.
I agree. I think nobody would touch us for a decade. We'd be the new Argentina. But look, it's going to happen anyway. Is there a strategic advantage to doing it now, before elections and while we can still deploy some nukes and troops (the military might become a sought after steady job) or later, when we have been worn down by a decade of depression, in a world of depleting oil supplies, where China just gets stronger and stronger?
In realpolitik terms, what would you do?
I don't know what I'd do, apart from speak the truth to the people and explain to them in rational terms that the outlook is dire, I don't think there's any way to keep the charade going on any longer.
A few differences I have with your thinking is:
1. The people of the US at some stage will say "fuck it". If the decline continues, this is gonna happen. No amount of "American Pop Idol X Factor got the Talent" is gonna change it.
2. No one is using any nukes. They haven't been used in any war since WW2 and unless the US wants to start WW3 with an angry Russia and China who would take outright nuking and theft of ME oil as a sign of aggression, I can declare this won't happen. Not even the Soviets were that stupid. If you do this, you're effectively just back to where you started from, empire which is bankrupting the nation. Even the people of Venezuela, Iran, Iraq etc would just bomb the pipelines and oil fields rather than see it being used by the US. At some stage it's just too costly, not worth it. Lure of cheap oil drove a lot of people to support the Iraq war and yet the reality just hasn't played out like that
I think if oil and gas supplies really did start to become a problem in the US, you're gonna start seeing rationing and govt controlled transport getting people to and from jobs and shops. Travel will be strictly on a "need only" basis.
Ron Paul money bomb begins at midnight tonight.
Be there or be square.
After all, if you haven't made "The List for hanging out here, you'll certainly be invited for donating over there...Hope those FEMA camps have somd good bars...
Ron paul has one shot to really gain exposure and that is a win in the Iowa Straw poll on August 13th in Ames, Iowa. Romneys campaign took off after he won there in 2007 and the Huckster also gained media exposure and credibility as well. Romneys bypassing it, Perry's not in yet and Bachman is a total media creation. (think Howard Dean in a skirt) Pauls well organized and has a shot. Still doubt if the American people are ready for a radical change in our relationship with the goverment but perhaps as the sh*tstorm really hits this fall (say economic collapse in Europe and another silly ass middle eastern war)perhaps enough of them will look for new (really old) solutions. Anyway, I'll be tossing him some cash tuesday.
I love you guys! I've learned so much from you all, and your humor brightens my day, every day. Thanks for supporting Dr. Paul in his Ready, Ames, Fire! Moneybomb.
If you need another reason to support RP... As in 2008, again - preliminary calculations show Ron Paul as having received double the amount of campaign contributions than all other GOP candidates combined from Military personnel. That speaks volumes.
Thanks again!
This Ron guy has crossed the line; deploy the heart-attack device.
But if Ron Paul can't win, shouldn't we vote for one of the corrupt retard candidates? One that's slightly less corrupt and slightly less retarded than the others? This very well could give us an extra week or two before the total economic collapse which will be followed by total world war. I don't know about you, but I could use that extra week.
I'm european, excuse, Dutch, and of the candidates Ron Paul has struck me as being truth to the bone. The insight, the questions and being at age but not fading. Also he has a marine-like mentality, get the job done or die trying to do so. No alternatives. Being a doctor he respects life and the other end without compromize. Better world and he means it
god almighty i love ron paul!!!!!!!
Jeeeeezzz Ron,
You still haven't learned to present your case.
Get your act together, there is no time left.
It takes Ron 4 minutes to ask one question, and even then it is non-specific enough for Helicopter Boy to choose what to answer.
Go watch any number of old TV shows like Ironside to see how you get the jury on your side, remember the electorate are your jury.
K.I.S.S., Ron
Diet COLA. Can't afford to eat.
Ron Paul: future mysteriously dead guy.
Too little too late. Party's over.
ron paul is a complete moron.
The thing is, Ron Paul doesn't need to spend any money on producing fancy ad campaigns. All he needs to do is show clips of himself talking for the past 8+ years about all the problems he predicted we'd have that we're experiencing now and showing the date of when he spoke, and then the outcome later. That would make for one hell of an impactful ad capaign IMO.
Raising taxes may in current circumstances not solve anything (especially if spending isn't reduced at the same time)..... however, what about all those phony loopholes.... are those healthy?
Again, Ron Paul tells the truth and yet again, the American people are just too f*cking stupid to elect him. Every citizen in this worthless country deserves to die like a bum in the street, diseased, filthy, starving and hopeless - this is the fate you DESERVE, America. Like the great men of ancient Rome, Ron Paul is a lone voice unheeded by his moronic, lazy, disgusting countrymen. You make me puke, America. Die!
Resist the mark!
www.wethepeoplewillnotbechipped.com