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Ron Paul Says Next US Crash Will Be Comparable To That Of Soviet Union, Claims QE2 Is "Total Failure" And Fed Is A "Central Planning Cartel"

Tyler Durden's picture


Ron Paul has just stepped up his war of rhetoric with his nemesis the Archchairsatan Rudolf Vissarionovich von Bernankestein (because never before have we had a genocidal central planner hell bent on printing the world's fate out of a deflationary collapse), and in an interview with Larry Kudlow said what everyone who is watching the day after day melt up (and wondering what comes next) openly thinks: that when all is said and done, and there is no incremental vapor and no incremental HFT levitation effect, that the US collapse will be comparable only to that of the Soviet Union. Needless to say, we are confident he is optimistic. Some economic observations from Paul: "We have so much unemployment, it is so undercounted. The free market economists report that there is probably 22% of unemployment. They pumped in $4 trillion, they should have added a lot of jobs, but how much did it cost us, and that of course is the price inflation that will come. We are moving into another 30 year period where we are going to see a reversal of interest rates, and we are going to see a crashing of the bonds like we saw 30 years ago and it's going to last a long, long time. The Fed deserves the blame for the inflation, and for the unemployment." On the amount of damage done by the Fed: "I think it's unimaginable, it could be so devastating, and could bring a strong, worldwide run on the dollar. We are in uncharted territories. I think we will see changes in our economy and our country almost equivalent to the change that occurred in the Soviet system. I think it will bring down our empire, we won't be able to afford our welfare state, and we won't be able to afford taking care of the world." And as Zero Hedge suggested previously, Ron Paul believes that the Fed's policies will actually lead to a spike in unemployment when all is said and done. Lastly, on Ron Paul view of Bernanke's central planning:"One time when Greenspan was before the committee, I told him if you can make this fiat system work as if it is the market system working, you have repealed economic law. It is positively baffling that we as a country have accepted that one individual can control the economy... I'd like to get the monopoly power away from this cartel that pretends that they know how to run the entire economy."

Full clip:

And just in case the message was not heard loud and clear, Paul followed up earlier with some more thoughts:

QE2 is a "total failure," except for those folks who work on Wall Street," Rep. Paul says. "It hasn't done anything for Main Street; hasn't done anything to give us real jobs; hasn't done anything for people who are losing their houses."

As for inflation, "I think there's plenty," Rep. Paul says, citing "skyrocketing" commodity prices and rising food prices. One problem is the Fed's reliance on core CPI, which famously excludes food and energy and relies on hedonic adjustments. "They rig that number," he says. "[Bernanke] looks at government stats that are fudged to reassure him he doesn't have to do anything."

"We're trying to correct the massive problems we had this decade with more" of the same policies, he laments. "He's supposed to give us full employment and stable prices and we have neither. How did the Fed do?"

Rep. Paul says he'd support stripping the Fed of its dual mandate - full employment and price stability - as others in Congress have discussed. But he doesn't think it will do much good and continue to push for a full audit of the Fed and some "competition" for the dollar, as you'll see in part 2 of this interview.


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Thu, 02/10/2011 - 14:03 | 949998 LawsofPhysics
LawsofPhysics's picture

TRANSLATION;  "Ron Paul states the obvious"

How is that debt ceiling vote coming Ron?

hedge accordingly.

Thu, 02/10/2011 - 14:08 | 950025 TorchFire
TorchFire's picture

Yes it is obvious to us but there are 10s of millions who are being awakened by the more widespread discussion of these obvious circumstances.  I say bring on more purveyors of the obvious until the FED is on its' A$$.

Thu, 02/10/2011 - 14:16 | 950053 LawsofPhysics
LawsofPhysics's picture

Market fundamentals will force the issue.  Something again to sweeping dirt under a rug (shadow banking), eventually the pile of shit grows much too big to contain.  Investment chases returns, but this only works if capital is used wisely to create real value.  The financial sector of the economy is a cancer that the broader sectors of the economy can no longer sustain.

Thu, 02/10/2011 - 14:24 | 950102 TorchFire
TorchFire's picture

I agree that the market is the only real cure, but it think it important that the FACTS concerning the deteriorating circumstances aren't hijacked by the financial sector and subsequently repackaged so as to cast blame elsewhere .... enabling the malfeasance of the banksters to continue unabated. 

Thu, 02/10/2011 - 15:29 | 950372 Pladizow
Pladizow's picture

Must Read - Dymitry Orlov - Reinventing Collapse.

Thu, 02/10/2011 - 16:25 | 950607 johnQpublic
johnQpublic's picture

Must Read - Dymitry Orlov - Reinventing Collapse


exactly what i was thinking when i saw this...Orlov

Fri, 02/11/2011 - 06:58 | 952305 tonyw
tonyw's picture

He's got a blog here


Thu, 02/10/2011 - 15:36 | 950395 Fish Gone Bad
Fish Gone Bad's picture

Ron Paul may be stating the obvious to readers of ZH, but the majority of people not have a clue.  I am so pleased that at least someone has the balls to state the obvious.

Thu, 02/10/2011 - 14:22 | 950086 Sudden Debt
Sudden Debt's picture



and failed...




and failed...




May God protect us...

Thu, 02/10/2011 - 14:44 | 950191 I think I need ...
I think I need to buy a gun's picture

I saw this live the other night and started getting nervous after the 5 minute mark....not good.....

Thu, 02/10/2011 - 15:23 | 950349 Popo
Popo's picture

Anyone got a YouTube link? Or an iPad friendly version? ....currently on the road...

Thu, 02/10/2011 - 14:34 | 950145 In Fed We Trust
In Fed We Trust's picture

Ron Paul should run with this campaign slogan:


2012  RON PAUL

OR BUST   2012


That would be the US being BUSTED.

That would be Ron is YOUR ONLY chance and even that is a hail mary.


Thu, 02/10/2011 - 14:34 | 950147 In Fed We Trust
In Fed We Trust's picture

Ron Paul should run with this campaign slogan:


2012  RON PAUL

OR BUST   2012


That would be the US being BUSTED.

That would be Ron is YOUR ONLY chance and even that is a hail mary.


Thu, 02/10/2011 - 14:41 | 950177 In Fed We Trust
In Fed We Trust's picture

You know why Kennedy was the best President we ever had?

His asassination.

Lets hope it dosn't happen to Ron, because he is the Best we have.


Thu, 02/10/2011 - 14:44 | 950188 Sudden Debt
Sudden Debt's picture

I thought Bo Obama was the best you guys had?




Thu, 02/10/2011 - 15:06 | 950263 Pure Evil
Pure Evil's picture

Nope, Emperor Bernankenstien is the best we have. He is the living god, and Blankfien is doing god's work.

Go figure.

Thu, 02/10/2011 - 15:18 | 950326 In Fed We Trust
In Fed We Trust's picture

Ron Paul needs to run for President on this platform:

End the FED. Jail any living members.

Declare the mortagage itself as "illegal" based upon a conspired fraud that was set up upon us in 1913 by a foriegn banking cartel.

There fore the house you live in is free and clear.!

The new currency (Ron Paul Notes) will be backed by the combined equity in the housing market.

The bond holders/ banks will just be shit out of luck!

Thu, 02/10/2011 - 17:34 | 950873 Rider
Rider's picture


Do not be hard on Ron, is very probable he will be "put away" in someway or the other pretty soon.

Ron Paul 1935 - 201X?

Fri, 02/11/2011 - 02:39 | 952206 Freddie
Freddie's picture

At least someone in Washington has the guts to speak up. 

Thu, 02/10/2011 - 14:05 | 949999 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

My hope is that Ron Paul inspires America to take the Fed out back.  Come on America, give the Fed the boot, but not before the Major Banks are made to return every last penny to the "taxpayers" before they are made to collapse.  Yes, let them all fail!

Thu, 02/10/2011 - 14:08 | 950023 jus_lite_reading
jus_lite_reading's picture

Those be some fightin' words me boy.

Did he say, the Bernank uses "fudged numbers..."?

Thu, 02/10/2011 - 14:33 | 950139 cbxer55
cbxer55's picture

He did.

They do.

Thu, 02/10/2011 - 14:39 | 950170 In Fed We Trust
In Fed We Trust's picture

The thing that makes BernNake a damn good liar, is all the baby fat about his face.


It hides the twitching going on under neth with every lie spoken.

Thu, 02/10/2011 - 15:23 | 950348 jus_lite_reading
jus_lite_reading's picture

Hu do you think is the antichrist? ... WHY THE BERNANK OF COURSE!

Thu, 02/10/2011 - 18:12 | 951089 Head for the Hills
Head for the Hills's picture

Obama is the antichrist.  That's why all that birth certificate crap.

His story begins and ends with the grave of a Jackal.


Thu, 02/10/2011 - 14:37 | 950162 In Fed We Trust
In Fed We Trust's picture

Not only should we give the boot but we should confiscate all Treasarys held by FED member cartle banks.

And if they are still living, they need to be locked up.


Thu, 02/10/2011 - 14:06 | 950000 jus_lite_reading
jus_lite_reading's picture

One of the few in ANYTHING with their head on straight.

On the other hand, BernankShalom is the biggest lying scumbag the world has ever seen. And that's saying a lot, when including all the scoundrel banksters on the planet. I'm sure God has a special place reserved for them.

Thu, 02/10/2011 - 14:04 | 950001 TorchFire
TorchFire's picture

Give' em hell Dr. Paul!  We need 535 more like you

Thu, 02/10/2011 - 14:05 | 950005 hambone
hambone's picture

Seems I (many) have a central question with only find one likley answer - Where will all the money to buy US T's at current rates come from if not the Fed (and have no negative impact on other asset classes)? Absent an organic answer, inflationary / hyperinflationary hedges seem the only answer?

The quick math - US now needs to roll and create about $5T annually in Treasuries ($3T rolling over/yr based on $15T debt @ 5yr average maturity + $2T in new issuance). That is $100B a week total. Fed "only" has $900B Jan through June w/ POMO and rollover (that's bout $50B a week). Who's going to buy the other $50B / weekly now through June...and then $100B+ weekly after that??? And at what rate? There are Trillions the second half of '11 and $5T+ missing in '12 at anything like these rates to keep this going w/o QE3 or interest rates (and interest payments) going substantially higher (like $750B/per anum interest cost at long term average of 5%)? If rates do increase to 5% average, total annual borrowing needs rise to $5.5T, etc. etc.

I'd think we can't do QE3 without making the world burn w/ inflation but can't not do QE3 without interest rate explosion eating 1/3rd+ of all tax revenue? Obviously I've completely missed something here because in my way of thinking either we're t-minus 4 months from interest rate shock in good 'ol USA or an impending March or April QE3(4,5) bigger than QE2 and unending flood of dollars round the world???

Thu, 02/10/2011 - 14:08 | 950029 LawsofPhysics
LawsofPhysics's picture

China and Brazil, but the average american is not going to like the terms.

Thu, 02/10/2011 - 14:10 | 950037 jus_lite_reading
jus_lite_reading's picture

This is what ZH and all the people with more than half a brain have been saying since this whole scam began -- QE will need to increase exponentially, infinitely larger each time around just to make payments on the debt itself. Once QE was put into action, there is no stopping it. Ever. Game over. Let's call their BS now. 

Thu, 02/10/2011 - 14:21 | 950079 irishgurl4
irishgurl4's picture

Nope, you haven't missed anything.  We keep printing the world burns, we stop printing the world burns.  Talk about painting yourself into a corner.

Thu, 02/10/2011 - 14:25 | 950108 jus_lite_reading
jus_lite_reading's picture

I prefer, they burn, we eat. If we let them continue, WE will be the victims.

Thu, 02/10/2011 - 14:33 | 950143 hambone
hambone's picture

Oil = $100b

Ag's = all time and nearing all time highs

Debt = $14T + and growing so fast...either Fed monetizes all debt at below market rates at an increasing rate or interest rate shock for America

mortgage rates = passing 5% and major drag on housing prices / refinance activity

Inflation = massive overseas costs, wages, property bubbles via QE

Stagflation = US outcome (ramping costs, flat wages, high unemployment, falling home prices)

Feels we are on the precipice - can't go forward and can't go back and can't stay here???  Something wicked this way comes.

Thu, 02/10/2011 - 14:43 | 950182 jus_lite_reading
jus_lite_reading's picture

I believe that if we allow them to continue then things will get a lot worse. Sorry to say.

Thu, 02/10/2011 - 16:17 | 950570 AbandonShip
AbandonShip's picture

Thanks for posting Bernanke's report card HamBone.


Bernanke gets an "F"

WHAT GOOD ARE THE M-Fers?  WHAT GOOD???  They fail BOTH of their mandates (as Dr. RP stated).  WHY ARE THEY STILL IN POWER?   They should have been fired like Minnesota Vikings headcoach was mid-season.  Looks like we need to sit-in and protest in D.C. for 17 days to get some change.

Thu, 02/10/2011 - 23:31 | 951998 StychoKiller
StychoKiller's picture

The wheel is turning
and you can't slow down.
You can't let go
and you can't hold on.
You can't go back
and you can't stand still.
If the thunder don't get you
then the lightning will!

Small wheel turn by the fire and rod.
Big wheel turn by the grace of God.
Everytime that wheel turn round,
bound to cover just a little more ground.

-- Grateful Dead, "The Wheel"

Thu, 02/10/2011 - 15:21 | 950338 In Fed We Trust
In Fed We Trust's picture

How do you want your economy?

Extra crispy please!

Thu, 02/10/2011 - 14:27 | 950120 Commander Cody
Commander Cody's picture

Ultimately, the debt gets repaid aided by severe austerity measures (meaning much smaller government), or we default.  Neither is going to be comfortable to bear.  But it will happen, one way or the other, in time.

Thu, 02/10/2011 - 15:12 | 950291 LawsofPhysics
LawsofPhysics's picture

In order to repay the debt, taxes must be greater than expenses.  Right now, taxes don't even cover the interest.  All the time in the world won't be enough if we can't even cover the interest.  We could cut government spending to zero and we still need to raise taxes.

Thu, 02/10/2011 - 15:44 | 950426 jus_lite_reading
jus_lite_reading's picture

Which means there is one inevitable outcome to this mess...

Thu, 02/10/2011 - 15:09 | 950292 LawsofPhysics
LawsofPhysics's picture

In order to repay the debt, taxes must be greater than expenses.  Right now, taxes don't even cover the interest.  All the time in the world won't be enough if we can't even cover the interest.

Thu, 02/10/2011 - 14:41 | 950176 Sean7k
Sean7k's picture

This is a ponzi without regulatory or market discipline. It is the perfect crime- until it isn't. There is no stopping it now, it continues until it fails. The fail will take down ever currency on the planet (which gives an indication as to how long it has to run) and it gives an idea of the degree of commitment by CB's around the world (total). 

You can play with every scenario, but the result is the same. Which might explain the CB's and biggest investors flight to all things golden. First, they might be trying to gain possession of all the hard assets available through property defaults, monopolies on seed banks (95% in the hands of five corpoations)- food, energy (oil, coal, nuclear) and then water (fresh) is the last one needed. 

With the possession of the vast majority of the wealth of the world in their hands, they merely need a global military capable of holding the best parts of it.

At that point, they can afford to lose enough population to manage their needs and wants and no more. Meaning: they can kill huge numbers of us serfs. They will keep the best skilled and most compliant. If you live, it will be in the wilderness.

Prepare accordingly.

Thu, 02/10/2011 - 14:48 | 950202 hambone
hambone's picture


you are a fucking lunatic...and you may be right.

Thu, 02/10/2011 - 15:04 | 950270 Sean7k
Sean7k's picture

All the best lunatics are you know...:)

Thu, 02/10/2011 - 15:25 | 950353 jus_lite_reading
jus_lite_reading's picture

You may be a lunatic or the best forecaster knowsn to modern man

Sat, 02/12/2011 - 20:06 | 956595 tsx500
tsx500's picture

so Sean...aside from enrolling in a wilderness/survival skills course , how would u recommend preparing (investment-wise)   ?   strictly hard assets ?  food/energy stocks ?  personally i  think the macro scenario and future u describe/envision  is very accurate/possible .    

Sat, 02/12/2011 - 20:37 | 956654 Yits and the Yimrum
Yits and the Yimrum's picture

+100  that is the way it will go down, no doubt about it

Thu, 02/10/2011 - 15:25 | 950357 Population Bubble
Population Bubble's picture

We choose world-wide inflation!

Inflation is the best way to pop the people-bubble with the least damage to the US!  Likely it is part of the plan!

This is going to be a hard life from here on out, my friends.  A lot of people will die, especially in the lower 80% of the world-wide economy.  But all of us are in the top 20% and we can get through it!

Thu, 02/10/2011 - 16:40 | 950680 Nine Pies
Nine Pies's picture

You got it.  That's why it's called a slippery slope.  Once you step out, you may have no choice what's going to happen next.

Thu, 02/10/2011 - 14:10 | 950008 hedgeless_horseman
hedgeless_horseman's picture

Great stuff.  Unfortunately, it still is not dumbed down enough for the 50% of voters with below average intelligence.

Indication of the number of years of formal education that a person requires in order to easily understand the text on the first reading.


Gunning Fog index : 8.50

Someone please translate this using xtranomal and their superheroes.

Thu, 02/10/2011 - 14:13 | 950040 DosZap
DosZap's picture

Sadly true.

With everything we see and read daily here, and other places, it's become patently obvious, that most Americans will be casualties.

They will not awaken until their is no Free bread.

It will be unlike anything we have ever sen, and far more violent than the Soviet fall.

Their people lived in basic want daily, and when it fell it just got worse.

Our people have never had to really do without the basics........a few have,but damned few.

Thu, 02/10/2011 - 14:40 | 950063 jus_lite_reading
jus_lite_reading's picture

What makes the fall of the US exceedingly worse than that of the former USSR is this: (1) Americans have never had a foreign war on their soil and (2) they have never lived through anything as bad as the Russian have going back 500 years even. The worst Americans have seen is what they read in books about the Great Depression. Most know nothing about survival. They know nothing about living on 1 slice of bread per day. My parents knew this first hand... Pray an asteroid comes before the next Great Global Depression comes. This time, few will survive. In short, get a gun, buy some seeds, learn farming in some remote part of the US/Canada, make due with God, and prepare now

Thu, 02/10/2011 - 15:07 | 950283 Sean7k
Sean7k's picture

Just for history's sake: the British in 1812 was a foreign war on our soil and the Civil War was devastating in ways the Russians have never seen. 

Thu, 02/10/2011 - 15:28 | 950359 jus_lite_reading
jus_lite_reading's picture

Sorry. I should have said - "all Americans living today have never seen a foreing war."  It takes only 70 years for generation to forget about what CAN happen and fast.

They only know about those things from history books....

Thu, 02/10/2011 - 15:37 | 950396 TJ is Rolling i...
TJ is Rolling in His Grave's picture

They even managed to burn DC including the White House in August of 1814.


We could use some Pommy help again.

Thu, 02/10/2011 - 15:47 | 950442 jus_lite_reading
jus_lite_reading's picture

What IF, the whole world wakes up at once and realizes the game is over and TPTB are heading for the exits? One by one... Tunisia Egypt... next Yemen? SA? Greece? Spain? The UK? the whole EU? US?

Tar and feathers?


Thu, 02/10/2011 - 15:46 | 950434 Sean7k
Sean7k's picture

I would consider that Americans might just be the best trained people in the world for a war on our soil. That should scare the hell out of all the Americans who think they can hide in an abandoned corner of the country. 

If the urban centers become the war zones of the future (and I think that's a shoe in) there will be a lot of ex-soldiers, whom we have treated as use and throw away labor, that will be well trained to provide security for any mob boss on the street. Gangs? Gangs that will now know tactics and strategy.

Most soldiers love their country and their home bases and their families, but what about the ones that have been left to twist in the wind? Do you know your neighbors? One of the most important survival skills to come.

Thu, 02/10/2011 - 17:14 | 950736 ColonelCooper
ColonelCooper's picture

"I would consider that Americans might just be the best trained people in the world for a war on our soil. That should scare the hell out of all the Americans who think they can hide in an abandoned corner of the country."

It's really the only thing about a collapse that scares the Hell out of me.  There are plenty of other scary thoughts, but I have kind of adopted an "it is what it is" attitude about the day to day trials that will come.  While my corner of the country can't be abandoned because it was never really filled, my biggest fear is of the ones who are coming to take my shit.  Don't get me wrong, I'm as well defended as a single family can be, but nobody can defend themselves against numbers who want your shit because they are starving. 

I have an off grid cabin/hunting camp that my family could live very comfortably in indefinitely; and am rural enough in a remote enough area that the odds are somewhat in my favor that I may never really be found by a determined bunch of bad guys.  The flip side is that I am remote enough that when your closest neighbors are 1/2 mile away and 1 mile away respectively, you're pretty well on your own if people do come for you.

My parent's land (retired farmground) and house are in exactly the same boat.  There would be more people to help there, but there really isn't enough room for everybody who I know is going to show up, and I fear that all the work I have put in will evaporate in a swarm of non-functioning I-Pads.

My house I live in (still rural enough, but not far from our only population center) would be perfect long term, but I expect would be overrun in the exodus if TSHTF.  There are neighbors that could be joined, but to be frank, there are also three Indian Reservations in the area that full of people who are going to get really damn hungry, really damn quick.  This place is too visible of a target.

At any of these places I can make a pretty good go of it.  I have lived country my whole life, and have been prepping a long time.  Believe me, the biggest shock we're all going to have is the level of desperation that millions of armed people are going to experience. 



Thu, 02/10/2011 - 20:30 | 951512 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Sounds like New Mexico

Thu, 02/10/2011 - 22:06 | 951813 ColonelCooper
ColonelCooper's picture

LONG ways north. Then east.  Then north some more.

Thu, 02/10/2011 - 15:07 | 950286 Mike7.62
Mike7.62's picture


As the descendent of Southern Americans, I would have to contest your statement that Americans have never had a foreign war on our soil, and nothing as bad as the Russians going back 500 years. The War Between the States was, in  the context of the times, an invasion by a foreign power, the North, into the soverign states of the South. There were over 700,000 Americans killed in that war and very large swaths of devastation across the south, especially in VA, TN, GA and SC. The region didn't recover until the latter part of the 19th century.


A few of us have parents who lived through the Great Depression, and are still living, and who have taught us what they learned during their hard times. We are prepared for what is coming. More people are prepared than you know, and I am unwilling to make a blanket statement that Americans will not actively respond to hard times, but will just die on the vine. I think that people will do what they have to do, as they have done in the past. It won't be pretty, and it will be hard, but we have the capability to recover.

Thu, 02/10/2011 - 15:16 | 950324 LawsofPhysics
LawsofPhysics's picture

Agreed, it will be those ignorant masses that live in communities with no sense of self and cooperation that we all will have to worry about.  My grandfather survived the great depression and two world wars and he always made a point to make sure that knew his neighbors.  How many people in urban America really know their neighbors or even care to, Sad really.

Thu, 02/10/2011 - 15:21 | 950341 ColonelCooper
ColonelCooper's picture

"I am unwilling to make a blanket statement that Americans will not actively respond to hard times, but will just die on the vine. "

Those who make it long enough to wither on the vine a bit will be the lucky ones, and the ones who will rebuild.  It isn't about the resolution of the American people; I think we can and will pull together.  The problem is that tens of millions of people CANNOT feed themselves, not even for weeks let alone years.  They will die before they have time to toughen up and relearn what's been forgotten by our grandparents.  I know it sounds shitty, but it's the cold hard truth.

Thu, 02/10/2011 - 15:34 | 950391 jus_lite_reading
jus_lite_reading's picture

Truth in wisdom

Thu, 02/10/2011 - 15:33 | 950388 jus_lite_reading
jus_lite_reading's picture

Sorry for the incorrect statement. I meant those living now. My parents went through the depression and save every glass jar, can they can find. Throw nothing out. I believe those living on the vine will die first. Not many people are prepared because they are experiencing cognitive dissonance. They'd rather watch Dancing with the Stars than to think about the fall of the whole financial system...

Thu, 02/10/2011 - 15:57 | 950487 ColonelCooper
ColonelCooper's picture

Someone upthread made a comment about the US collapse being harder on us than Russians because we have farther to fall.  My wife worked with a young woman who moved here from Russia.  They were "middle class", her father was a pilot in the Russian Military, and her mother had some type of educated profession (teacher or something, I don't remember).  She moved here with her husband; they both were attending college here.

In the winter, my wife noticed that this chick always wore these really nice fuzzy looking wool socks. (several different pairs) Thinking they must be something she brought with her, she asked about them.  They were made from the shedded hair of their dogs.  THEY SAVED EVERY GODDAMNED HAIR THAT FELL OUT OF THEIR DOGS AND MADE FUCKING SOCKS!  Hell, I'm one of the most frugal, self sufficient people in my generation that I know, and I don't have a clue.

We got a whole lotta people who are flat ass fucked.

Thu, 02/10/2011 - 16:02 | 950512 Sean7k
Sean7k's picture

You can spin any kind of hair. My wife was looking into it. We have a Pomeranian, and while we are more interested in angora rabbits and goats, the dog has a nice coat and we were thinking socks or mittens.

Thu, 02/10/2011 - 16:09 | 950535 ColonelCooper
ColonelCooper's picture

Pretty cool, IMO.

Thu, 02/10/2011 - 17:26 | 950860 hedgeless_horseman
hedgeless_horseman's picture

Not as cool as my Dalmatian vest.

Thu, 02/10/2011 - 17:34 | 950891 ColonelCooper
ColonelCooper's picture

Okay.  We will enter it into the rules of "Pet Hair Clothespinning", that Dalmation vest trumps Pomeranian Mittens.

As soon as I am finished with my German Shepherd chaps I will not only have you both beat, but will be too damn sexy for my own good.

Thu, 02/10/2011 - 18:02 | 951037 Sean7k
Sean7k's picture

funny. You do realize we didn't have to skin for our applications? Don't make me send PETA out to check on the dog...

Thu, 02/10/2011 - 18:17 | 951112 ColonelCooper
ColonelCooper's picture

I think as long as you eat the dog it isn't animal cruelty.

Thu, 02/10/2011 - 18:59 | 951250 Cathartes Aura
Cathartes Aura's picture

we have angora goats, and angora rabbits - both make lovely soft yarns - drop spindle the combed cat fur, it's a learned talent, but excellent hand-work that can be taken anywhere, done in "free" moments. . . even easier is using felting needles to add the fibers & create your own "fabrics" . . .


Thu, 02/10/2011 - 14:07 | 950015 ghostfaceinvestah
ghostfaceinvestah's picture

Central Planning doesn't work?  Shocker.

And arguably Bernanke has more power than Brezhnev ever had.

Thu, 02/10/2011 - 14:36 | 950161 whatsinaname
whatsinaname's picture

Do we have a plan ?

Thu, 02/10/2011 - 14:09 | 950019 AldoHux_IV
AldoHux_IV's picture

End the federal reserve, fire Geithner, reform the treasury, and start issuing notes and currency actually backed by the US government.  In the process dissolve members of congress and replace them with people that actually have ideas on how to solve some of the greater problems our nation faces.  Require much more transparency and use the refusal to pay taxes until said transparency is in place as leverage in our demands to our government.  Coincedently, dissolving the fed and reforming the treasury would already go to solve the nation's budget deficit and funding issues for social programs as we will now be able to afford such things.  Thus, solving the nation's greater problems would be actual energy policy that frees us from fossil fuels, climate change, unemployment, etc. all which by the way can be solved by looking at it from a common sense point of view.

The people need to take their governments back as current leaders and policymakers are unable to solve the issues we need solving-- time is ticking and there isn't much left.

Thu, 02/10/2011 - 14:11 | 950035 Sophist Economicus
Sophist Economicus's picture

I like the refusing to pay taxes part....

Thu, 02/10/2011 - 14:16 | 950055 DosZap
DosZap's picture

I still do not understand WHY our states have not called a CON CON, and fixed this shit.Just 38 lousy states.

Unfreakin believable.

Thu, 02/10/2011 - 15:08 | 950289 LFMayor
LFMayor's picture

Yeah... all those votes have done such a great job so far.  The system is rigged.  Votes are not going to win you shit, just like they haven't for the past 40 years.

Big Berkey, RomAk and 1000k rounds, some bags of rice and beans.  That's how to get started.  Change will happen all by itself at this point, no need to push, pull or vote.

Fri, 02/11/2011 - 18:33 | 954381 chubbar
chubbar's picture

What is there to fix that already isn't in the constitution? I mean if they aren't going to follow that document what is the point of re-writing it? I can, however, see them fucking up the one that is already in writing.

Thu, 02/10/2011 - 14:33 | 950141 sabra1
sabra1's picture

and.... elect a president witha birth cerificate!

Thu, 02/10/2011 - 14:08 | 950020 velobabe
velobabe's picture

i am only going to resume voting, if Mr Paul runs for president.

Thu, 02/10/2011 - 14:34 | 950148 DonnieD
DonnieD's picture

I would urge you to put your ACORN uniform on and vote twice, 3 times, whatever it takes.

Thu, 02/10/2011 - 14:12 | 950043 jus_lite_reading
jus_lite_reading's picture

I suppose one needs a PhD to really F$%^ things up this bad... This is it.

Thu, 02/10/2011 - 14:17 | 950061 DosZap
DosZap's picture


He is correct on that,N_O_W.

Thu, 02/10/2011 - 14:09 | 950027 Sophist Economicus
Sophist Economicus's picture

I wonder if they are putting Ron out in the limelight so that they can stymie his presidential run in 2012...

Thu, 02/10/2011 - 14:09 | 950031 LawsofPhysics
LawsofPhysics's picture

yes, or get him executed.

Thu, 02/10/2011 - 14:12 | 950044 Sophist Economicus
Sophist Economicus's picture

Yup, there will be lots of sound-bites from him, they'll paint him as your 'cooky old grandfather' that has some good ideas but is too far out there to be 'your president'

Thu, 02/10/2011 - 15:01 | 950258 Larry Darrell
Larry Darrell's picture

They launched a nationwide campaign to make his son out as a "crazie kook, racist, not a real doctor, hates the children because he would abolish the Dept. of Ed" etc etc etc.

Then Rand won the KY senate seat by landslides.


Thu, 02/10/2011 - 14:21 | 950085 Judge
Judge's picture

Nobody has to execute Paul.... They just actually have to pay attention to what he says - he'll take care of the rest.

Thu, 02/10/2011 - 15:01 | 950262 TeamAmerica
TeamAmerica's picture


Just like H. Ross Perot.


Thu, 02/10/2011 - 14:46 | 950196 In Fed We Trust
In Fed We Trust's picture

The more his in the lime light the easy it becomes to focus the scope of the rifle.



Thu, 02/10/2011 - 14:11 | 950039 Racer
Racer's picture

I wonder are they going to try to dig up some dirt on him or get him shot to get rid of him?

Thu, 02/10/2011 - 14:17 | 950060 thedrickster
thedrickster's picture

The already have and will again.

The old ghostwritten gold newsletters will be resurrected again and a whole new wave of dupes, erh I mean voters, will learn that Ron Paul need not be seriously considered because he is just a cooky old racist.

It happened in NH in 2008 and will happen again if he runs for Pres.

Thu, 02/10/2011 - 14:48 | 950203 In Fed We Trust
In Fed We Trust's picture

Sex scandal perhaps.

Thu, 02/10/2011 - 14:12 | 950041 arkady
arkady's picture

The good thing for us Americans, is that people who share Ron Paul's thinking in Congress has expanded and Paul is no longer the lone voice.  The progress is slow, but its heading in the right direction.

Thu, 02/10/2011 - 15:11 | 950304 pods
pods's picture

Oh, like all the Tea Partiers who voted to keep the Patriot act?

Come on, I love what Ron Paul speaks of, but he is merely a safety valve.  Tea Party candidates are as well.

Whether he acts as one on purpose or not is irrelevant.  


Thu, 02/10/2011 - 15:28 | 950368 Rule of 72
Rule of 72's picture

Patriot Act recently failed, pods.  Because of Tea Party Freshman in Congress.  Seriously.  Google it.

Thu, 02/10/2011 - 18:02 | 951036 pods
pods's picture

See post below. 8 voted against, 31 for.  Not really something I would hang my hat on. 

Even though it failed, it is a red herring.  The government was doing what was authorized BEFORE the passage of the act.  Why would we think that they will stop simply because it is now illegal?



Thu, 02/10/2011 - 15:22 | 950345 searcher68
searcher68's picture

Here's how well our congressweasels have done for us lately (from

following is a list of Tea Party-backed candidates voting for the bill (Patriot Act reauthorization):

Tim Griffin (AR-2), Paul Gosar (AZ-1), Steve Southerland (FL-2), Allen West (FL-22), Sandy Adams (FL-24), Bob Dold (IL-10), Adam Kinzinger (IL-11), Marlin Stutzman (IN-3), Todd Young (IN-9), Jeff Landry (LA-3), Dan Benishek (MI-1), Tim Walberg (MI-7), Michelle Bachmann (MN-6), Vicky Hartzler (MO-4), Renee Ellmers (NC-2), Frank Guinta (NH-1), Joe Heck (NV-3), Michael Grimm (NY-13), Steven Chabot (OH-1), Bill Johnson (OH-6), Steve Stivers (OH-15), Jim Renacci (OH-16), Tim Scott (SC-1), Jeff Duncan (SC-3), Trey Gowdy (SC-4), Mick Mulvaney (SC-5), Scott DesJarlais (TN-4), Bill Flores (TX-17), H. Morgan Griffith (VA-9), Sean Duffy (WI-7), Reid Ribble (WI-8), David McKinley (WV-1)

That's thirty-one out of forty voting for the bill (77.5%), eight voting against, and one no-vote. Despite the eight nay votes, Tea Party-backed candidates overwhelmingly supported an extension of the PATRIOT Act.

Thu, 02/10/2011 - 15:31 | 950376 arkady
arkady's picture

But at the same recognize that the extension failed BECAUSE of the newly elected GOP Freshmen.  Too many Republicans are still convinced that the Patriot act is instrumental for our safety and have probably been whipped into submission.


I figured someone here would mention the recent Patriot Act, but I am speaking purely from the standpoint of the economy, sound money and diffusing the power of the Fed.  Those types of people we have more of and that is the positive direction.  Whether some of them vote on the Patriot Act is not super critical from an economic standpoint.

Thu, 02/10/2011 - 17:12 | 950800 TheAkashicRecord
TheAkashicRecord's picture

// Too many Republicans are still convinced that the Patriot act is instrumental for our safety and have probably been whipped into submission.//

What mental condition are they suffering under that prevents them from seeing it what it is really doing?  They are unfit to govern because they suffer from reality detachment, a delibitating condition that causes one to be blinded to the reality around them.

Thu, 02/10/2011 - 14:14 | 950046 pazmaker
pazmaker's picture

We are screwed and I'm getting depressed thinking about it!

Thu, 02/10/2011 - 15:19 | 950333 pods
pods's picture

You have to look at this as a positive.  The FED and are keeping this thing from imploding.  They are providing us valuable time to prepare for the collapse.  I thank them everyday that they provide me more time to prepare for the coming collapse.

There is no way out of this that will not implode our system.  It is built into it.  They have reached the Coffin Corner.  They can just keep going.

But the time they buy us allows us to better prepare for it.


Thu, 02/10/2011 - 16:20 | 950588 pazmaker
pazmaker's picture

Pods, thanks for the encouragment.  I am getting prepared too... it's just discouraging to see so many around me believing the lie living the lie and thinking I'm crazy for talking about the truth...somedays it just really gets me down and start wondering if it's worth it.

Thu, 02/10/2011 - 18:09 | 951072 pods
pods's picture

It really is difficult.  When I really "woke up" I changed my life completely.  No more booze, no more circus talk (sports) etc.

Got back to basics.  Get as close to debt free as you can get.  

Oh, and stop talking to people about it.  I did.  If someone asks, I have copies of relevant documentaries (Griffin about the FED, Money as debt,etc) but no use wasting time trying to wake anyone up.  

It really is like the Matrix when Morpheus said that people will refuse to wake up because they are so helplessly dependant on the system.  They will fight to keep it.  You can show them the math won't work, it won't matter.  Breaking the Cognitive Dissonance is the hardest thing.  Having a clear mind helps.


Thu, 02/10/2011 - 19:13 | 951281 Cathartes Aura
Cathartes Aura's picture

good points pods.

waiting for "everyone" to "wake up" is futile, and soul destroying - begin your own preparations to become as self-sufficient as you can, and as you go, you will be noticed by some for your work - at THAT point you can begin to encourage the "wake up" process in others, but only the ones that are looking for answers - if they're not asking the questions, how can they be receptive to changes that need to happen?

personal response-ability is not appealing to a large section of the peoples - they have their "story" and leave them to it - concentrate on those of a like-mind, and build good ties there. . . it's ultimately more satisfying to embody than to convert.

and sheesh people - drop the "vote for change" dream-story already.

Thu, 02/10/2011 - 14:14 | 950049 InconvenientCou...
InconvenientCounterParty's picture

"The Fed deserves the blame for the inflation, and for the unemployment."

Do they have an employment mandate or not? Is this RP's roadmap on how the GOP will blame the Fed for anything and everything during the 2012 cycle?

Blaming the Fed for unemployment implies causality and causality implies they have some control. ZH consensus is that they are impotent WRT employment --right? ChairSatan is cute satire right?


Thu, 02/10/2011 - 14:21 | 950080 Judge
Judge's picture

Nobody would ever accuse Paul of being rational or consistent...  or ethical.  Earmarks are us is his motto - while he condemns bloated gov't spending.


Paul - the new spelling for hypocrite.

Thu, 02/10/2011 - 14:33 | 950140 gwar5
gwar5's picture

Ron Paul is great!

Let's vote out Obamao and the other marxists for taking more money than anyone from BP and giving them environmental short cuts so they could spill oil. And for being racist and looking the other way while Goldman Sachs and JPM steal from the poor brown people around the world and letting them go hungry. That much callous indifference qualifies them as a sociopaths.

Thu, 02/10/2011 - 14:26 | 950106 Sophist Economicus
Sophist Economicus's picture
Governor Frederic S. Mishkin At Bridgewater College, Bridgewater, Virginia April 10, 2007

...This mandate was originally specified by the Federal Reserve Act of 1913 and was most recently clarified by an amendment to the Federal Reserve Act in 1977. According to this legislation, the Federal Reserve's mandate is "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." Because long-term interest rates can remain low only in a stable macroeconomic environment, these goals are often referred to as the dual mandate; that is, the Federal Reserve seeks to promote the two coequal objectives of maximum employment and price stability"

Thu, 02/10/2011 - 14:19 | 950051 jmc8888
jmc8888's picture

He's right.

But his solution, is no less monetarist than Bernanke/Obama/Bush.

They side mostly with Keynesians, Paul sides with Austrians.  Both sides honor fraudulent debt.  Enough said.

Glass-Steagall kicks the ass of either dumbass monetarist paths.

And any sane side wants the fed gone.

Thu, 02/10/2011 - 14:19 | 950069 LawsofPhysics
LawsofPhysics's picture

Fucking spot on.  The power of any one organization (centrally planned of otherwise) to create "debt" owed to them is absolute power that will corrupt absolutely in any system.


We need an entirely new economic model, the only other option is to let things continue to deteriorate until all markets are "off the books" (nasty system reset). I think many ZH readers are well hedged for the latter option.

Thu, 02/10/2011 - 14:21 | 950084 hedgeless_horseman
hedgeless_horseman's picture

The repeal of Glass-Steagall might have done more damage to more Americans than all the legislation written since.  It was our Waterloo.

Thu, 02/10/2011 - 15:35 | 950393 Rule of 72
Rule of 72's picture

Bingo.  I'd love to see who diagnosed it at the time, though.  I believe it was around 1998 when the banksters got it passed.

The fact that G-S hasn't been passed and signed back into law should tell everyone who is pulling the strings of the current political class.  I hope we have enough room in federal prisons for all of them when this is over.

Thu, 02/10/2011 - 16:47 | 950716 pazmaker
pazmaker's picture

so can we do both?  can we get rid of the fed and reinstall Glass-Steagall?

Thu, 02/10/2011 - 14:18 | 950062 aerial view
aerial view's picture

Keep talking Ron; one of the few truthsayers in a den of egotistical, immoral, thieves.

Thu, 02/10/2011 - 14:19 | 950064 Canuckistan Al
Canuckistan Al's picture

Being foreign to the USA, I'd like to ask this august group of ZHer's....... is there anything legalwise that prevents the Congress from passing a bill to define what economic elements compose the standard CPI metric?

I mean if CPI (true CPI) is such an important leading indicator upon so much is hanging........ Can they not take the "magic crayons" away from those which "cook" this stat so blantantly?

Thu, 02/10/2011 - 14:22 | 950091 LawsofPhysics
LawsofPhysics's picture

not if they want to get re-elected.  This is the crux of the problem.  Lobbying in all of its forms would need to be ended.  Limits would have to be placed on campaign spending.  We have tried to do both things with both a republican and democratic congress and neither one has held.  The crooks OWN the politicians, not the public.  Most of these douchebags never even visit the communities they represent.  Some do, but VERY few overall.

Thu, 02/10/2011 - 14:30 | 950126 jus_lite_reading
jus_lite_reading's picture

I could not have said it any better myself...

Thu, 02/10/2011 - 14:18 | 950066 Judge
Judge's picture

Nobody sees better than Paul with blinders on.... Paul, as would be expected, ignores the facts that Congress created this economic mess by forcing banks to issue sub-prime loans and FNMA/FHLMC for stamping the gov'ts AAA rating on them...


He also ignores the huge bond/deriviative positions banks currently have and what a hit on capital due to rising rates would do to most of the large American banks.  He also ignores the Fed is responding to pressure by Treasury to monetize the debt - which has been authorized by CONGRESS. 


Paul's never seen blame he couldn't shift or earmarks he didn't support.  What a man....

Thu, 02/10/2011 - 14:28 | 950107 ExploitTheMarket
ExploitTheMarket's picture

Dr. Paul on earmarks:

Earmarks Don't Add Up
By  Dr. Ron Paul

Earmarks seem to be the hot topic this week, and as a fiscal conservative I am dismayed so many people deliberately distort the earmarking process and grandstand to make political points. It is an easy thing to do with earmarks. It takes a little more time and patience to grasp the reality of what earmarks really are.

To be sure, if earmarks were the driving force behind explosive government spending as some have been led to believe, that would be a good reason for all the fuss. The misconception seems to be that members of Congress put together a bunch of requests for project funding, add them all together and come up with a budget. The truth is, it is not done that way. The total level of spending is determined by the Congressional leadership and the appropriators before any Member has a chance to offer any amendments. Members’ requests are simply recommendations to allocate parts of that spending for certain items in that members’ district or state. If funds are not designated, they revert to non-designated spending controlled by bureaucrats in the executive branch. In other words, when a designation request makes it into the budget, it subtracts funds out of what is available to the executive branch and bureaucrats in various departments, and targets it for projects that the people and their representatives request in their districts. If a congressman does not submit funding requests for his district the money is simply spent elsewhere. To eliminate all earmarks would be to further consolidate power in the already dominant executive branch and not save a penny.

Furthermore, designating how money is spent provides a level of transparency and accountability over taxpayer dollars that we don’t have with general funds. I argue that all spending should be decided by Congress so that we at least know where the money goes. This has been a major problem with TARP funding. The public and Congress are now trying to find out where all that money went.  

The real issue is that the overall budget is too big, by far, which is why I always vote against it. But attacking the 1 percent that was earmarked solves nothing. The whole issue is a distraction from the real problems we face, which are that the Federal Government will absorb over 1/3 of our country’s GDP this year and taxpayers are forced to fork over more than half their income to fund government at all levels. On top of that, the national debt is $11 trillion, which is $36,000 per citizen. The recent increases in bailouts, government spending and money creation is going to hobble our economy for decades. We must curb the government’s appetite severely if this country is ever to thrive again. The noise over “earmarks” is a red herring and a distraction from the real issue of uncommitted spending.

It is time to attack the entirety of government spending. We especially need a full account of the activities of the Federal Reserve that spends and creates trillions of dollars with no meaningful oversight. This is a huge problem that needs immediate attention.

Thu, 02/10/2011 - 14:47 | 950199 Judge
Judge's picture

you can judge him (a politician) by his words, or by his actions.  Paul is and has been one of the laregest earmarkers in the house, securing funds to market vietnamese shrimp and to restore a private theater among other great projects.  I simply look at the man's work, not his PR campaign.

Thu, 02/10/2011 - 14:59 | 950249 ExploitTheMarket
ExploitTheMarket's picture

"I simply look at the man's work, not his PR campaign."

Have a look at his voting record....

Thu, 02/10/2011 - 16:21 | 950592 Bay of Pigs
Bay of Pigs's picture

"Paul is and has been one of the laregest earmarkers in the house, securing funds to market vietnamese shrimp and to restore a private theater among other great projects."

Please cite and prove this. Otherwise, I say you're completely full of shit.

Thu, 02/10/2011 - 18:24 | 951136 Judge
Judge's picture

You can only say I'm full of shit if you don't know, and don't care about the facts.  Oh, and if you can't google.


Thu, 02/10/2011 - 21:50 | 951775 Sean7k
Sean7k's picture

I checked both of your sources and both are blogs that do not use any citations for their spiel. If your new here, when someone asks for citations, they are looking for actual records with numbers that have been verified. 

You could be right, I haven't looked, but you need to better than this.

Thu, 02/10/2011 - 17:08 | 950788 TheAkashicRecord
TheAkashicRecord's picture

Earmarks are already appropriated for in the budget.

He votes "no" on the budget and then votes "yes" for the earmarks.  This makes logical sense because if he doesn't use them, they GO TO ANOTHER DISTRICT, they don't get funneled back into some magical "earmark surplus." 


Thu, 02/10/2011 - 18:09 | 951073 Bay of Pigs
Bay of Pigs's picture

That helps explain the process but proves nothing in Paul's case. The douche above says Paul is one of the biggest earmarkers in Congress. I say he's a liar and full of shit.

Thu, 02/10/2011 - 18:26 | 951141 Judge
Judge's picture

Oh, so adding to gov't spending and corruption, paying bribes to constitutent voters, then ranting about gov't spending makes sense??

Only to paulbots.

Fri, 02/11/2011 - 00:06 | 952059 GreenSideUp
GreenSideUp's picture

Earmarks do not add to spending; they just designate to where the already appropriated money goes.  Whether or not you like earmarks, it's the spending that's the problem. 

Fri, 02/11/2011 - 12:14 | 952839 TheAkashicRecord
TheAkashicRecord's picture

I don't consider myself a "paulbot" but I do consider myself pretty knowledgeable about the political process, something you have already proven yourself to be completely ignorant about.  

You know nothing about the earmark process as evident by your first post, anything you say after no credibility, try again.

Also, to put things in context 

" the total amount of earmarked funds is approximately 1-2 percent of federal spending"


Thu, 02/10/2011 - 15:30 | 950374 searcher68
searcher68's picture

"On top of that, the national debt is $11 trillion"

Ahh, the good ol' days!

Thu, 02/10/2011 - 16:08 | 950530 crosey
crosey's picture

Like your avatar.  Am reading The (Mis)behavior of Markets now.  Mandelbrot has an interesting perspective.

Thu, 02/10/2011 - 14:19 | 950073 the rookie cynic
the rookie cynic's picture

I happen to think that the mainstream media has it right on Mr. Paul. He's a libertarian nut-job, populist rabble-rousing, tin-foil hat tweaking iconoclast who is rightfully ignored, or preferably reviled. <sarcasm off>

Thu, 02/10/2011 - 14:22 | 950083 overmedicatedun...
overmedicatedundersexed's picture

Dr Paul, waging it seems a one man war over many years..he speaks today as he did 10 yrs ago. more of us are listening.

but the fed will not appear before his sub committee as they wish not to.

good luck Dr Paul it will take a miracle

Thu, 02/10/2011 - 14:57 | 950242 In Fed We Trust
In Fed We Trust's picture

Ron Paul needs to give up his new role/title and run for Pres in 2012

under the platform of Ending the FED. Also frezzing all interest payments to cartel banks.

He could also lock them up for treason.

My name is Ron Paul, and as President I will pass a law that makes the mortgage itself "illegal" and the house you live in is your free and clear.

Yes George Soros , the music has indeed stopped!"

Now we also would like you to redem those worhtless fed notes for the NEW RON PAUL 20 , 50 , 100, and 1000 bills. These ones are backed by the house you live in.

Thu, 02/10/2011 - 14:58 | 950247 In Fed We Trust
In Fed We Trust's picture

Dear Ron Paul,

Why be head of a committee investigated the FED,

when you could be President in 2012 and nailing the FED

to the cross?  And saving the nation?

Thu, 02/10/2011 - 14:22 | 950087 gwar5
gwar5's picture

I agree, and I think we are in desperate need of somebody else in the White House before the SHTF. 2012 can't come soon enough. This is precarious.

Sorry, Obamao, but supporting the failed marxist overthrow by Zelaya over the Constitutional Republic of our ally, Honduras, and lying about it told me everything I needed to know. And, signing executive orders for foreign troops to point guns at American civilians and giving Interpol exemptions from all constituional constraints on American soil was too much. Errr.... what's all that for, exactly?

I agreed with Schiff, et al, during the 2008 crash that a Soviet style collapse was possible. But worse than the Soviet crash, since USD is the WRC. A great world depression and China emerging out the other side as the world economic superpower.

Ron Paul is just making it mainstream knowledge. The propagandavision MSM will no doubt start calling him a "kook"" and "extremist" and ""Fear mongering,"  which only further proves how unreliable and dangerous our own media has become to the average people who don't know any better.



Thu, 02/10/2011 - 14:22 | 950088 nathandegraaf
nathandegraaf's picture

Long time reader.  New user.  Love what you guys do here.  It's nice to be on a website with like-minded folks. 

Thu, 02/10/2011 - 14:23 | 950093 lunaticfringe
lunaticfringe's picture

I don't like to call people stupid who aren't aware of the FED and it's policies. They have been purposefully duped by the name and it just gets worse and worse.

Paul is a patriot and maybe one of the last few patriots occupying a chair in that crony cabal in DC. If he isn't the answer in 2012- there isn't one.

Thu, 02/10/2011 - 14:25 | 950105 Boilermaker
Boilermaker's picture

I guarantee you that 90% of the population would think "Federal Reserve" was either wine or a prison.  Get real, I barely know what they do.  I do know what they are *supposed* to do, though.

Thu, 02/10/2011 - 14:36 | 950155 LawsofPhysics
LawsofPhysics's picture

Yes, hence a system reset seems likely.  Zerohedge contributors have been very helpful in front running manipulated capital flows and hedging accordingly.  At least for me.

Thu, 02/10/2011 - 14:36 | 950157 LawsofPhysics
LawsofPhysics's picture

Yes, hence a system reset seems likely.  Zerohedge contributors have been very helpful in front running manipulated capital flows and hedging accordingly.  At least for me.

Thu, 02/10/2011 - 14:35 | 950151 Rick64
Rick64's picture


Thu, 02/10/2011 - 14:37 | 950164 the rookie cynic
the rookie cynic's picture

Actually, the 1st name they came up with at Jekyll Island was the fiat-pyramid-wealth and power concentration-populace raping-central bank from hell, but JPM wouldn't stand for it.

Thu, 02/10/2011 - 15:25 | 950352 pods
pods's picture

Yeah, Warburg was a lot craftier than that.


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