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Why Do Economists Say that Ron Paul Would Be the Best President for the Economy?

George Washington's picture




 

A number of well-known economists – such as Marc Faber, Thomas Woods and Paul Craig Roberts – support Ron Paul, believing that he would help the American economy more than any other presidential candidate.

Why?

I interviewed one well-known Ron Paul supporter – Dr. Walter E. Block – to find out.

Block is an Eminent Scholar Endowed Chair and Professor of Economics at Loyola University in New Orleans, received his PhD in economics from Columbia University, and is a senior fellow at the Ludwig von Mises Institute. He has written 8 books and more than 300 scholarly articles and reviews, and co-edited dozens of books on economics.

Block just published a book called Ron Paul for President in 2012: Yes to Ron Paul and Liberty.

We asked Professor Block 10 questions related to Ron Paul. [Our follow-up comments are in brackets.]

1. Ron Paul doesn’t support government bailouts for the big banks. But if the big banks fail, won’t it drive us into another depression?

[WEB] No. In the Austrian economic view, depressions are caused by big banks (the Fed) artificially lowering interest rates.

[Austrian economists believe that lowering interest rates too far gives a false signal to businesses to gear up production and invest more, which causes a "misallocation" of resources and unsustainable bubbles ... which always lead to crashes when the bubble bursts.

In addition, top economists have said that failing to let the big banks fail when they make bad bets which lead to insolvency is preventing economic recovery.]

2. Wasn’t the Great Depression a “liquidity crisis” which was made much worse by so many bank failures?

[WEB] Read Rothbard’s America’s Great Depression on this.

[This has never been a liquidity crisis; it has always been an insolvency crisis.]

3. Paul wants to end the Federal Reserve, or at least reduce its powers. But isn’t the Fed – as the “lender of last resort” – critical for keeping us out of a depression by providing stimulus to the economy when consumers and small businesses are tapped out?

[WEB] The fed as lender of last resort is a buttress of sorts, but only because we have fractional reserve banking.

If we have 100% demand deposit banking (see below) this function wouldn’t be needed

[We agree with professor Block. And it should be noted that we no longer even have fractional reserve banking ... we now have fictional reserve banking.]

4. Isn’t the best chance of prosperity for the most people available when the government somewhat plans the economy, and operates the “levers” of economic policy to push more money into the system when things are getting tight?

[WEB] No, that’s central Sovietized planning. Prosperity comes from laissez faire capitalism.

[While many may assume that laissez faire capitalism is a bad thing, and is the cause of our problems, the truth is that we don't currently have real capitalism at all. Instead, we have - depending on the label one uses - crony capitalism, fascism, communist style socialism, kleptocracy, oligarchy or banana republic style corruption. In fact, both liberals and conservatives despise crony capitalism.]

5. Isn’t the Fed – an independent governmental agency – vital for overseeing the big banks as a watchdog, and acting “independently” of the temptations of politicians to promote monetary policy which will help them get re-elected?

[WEB] “Independent govt agency” is a recipe for disaster. Suppose they make a mistake … there would be no market forces that can force them into bankruptcy?

[Indeed. Moreover, the Fed is neither independent, nor even a government agency.]

6. Paul is a “non-interventionist”, who wants to avoid wars that President Obama and Mitt Romney say we need to fight. But isn’t war a necessary form of “military Keynesianism” … i.e. a vital way to stimulate our economy and so keep us out of an even deeper recession? Wouldn’t cutting military spending destroy our economy?

[WEB] Read my new book on this:

Block, Walter E. 2012. Ron Paul for President in 2012: Yes to Ron Paul and Liberty. Ishi Press; http://www.amazon.com/dp/4871873234; http://www.barnesandnoble.com/w/ron-paul-for-president-in-2012-walter-block/1110505571?ean=9784871873239.

[Many top economists say that the claim that war is good for the economy is a myth made up out of whole cloth.]

7. “Austerians” – as Paul Krugman call them – want to reduce our national debt. But isn’t it true – as both liberal and conservative economists have said – that “debt doesn’t matter”? And don’t we have to spend a little more now to get our economy out of the ditch, and then we’ll be more frugal later … when things are stable?

[WEB] We monetize that debt, which creates inflation, lowers interest rates, created booms and then busts.

8. Isn’t the “business cycle” largely responsible for the bad economy? Aren’t “booms” and “busts” part of the nature of things, like seasons?

[WEB] No, they emanate from the Fed. In the fully free society, there would be no such thing as the business cycle. See Rothbard’s Depressions: Their Cause and Cure.

9. Radicals think that we should let our most important companies fail if they’ve made dumb bets, or even that we should put Wall Street executives in jail for “fraud”. But wouldn’t both things undermine people’s trust in our economy, and depress our economy even more?

[WEB] No business should be too big to fail. Trust in the economy is highly overvalued. I oppose putting executives in jail for losing money, unless they are guilty of actual fraud.

[Happy talk and band-aid fixes cannot fix the economy. Blind trust in the stability of banks which have made foolish gambles is not helpful. But restoring trust in the honesty of one another - by prosecuting financial fraud - is vital. Conservative free market advocates and liberals both agree on this basic point.]

10. The May jobs report is a disaster. Paul Krugman (who – like the chairmen of the Fed – advocate blowing bubble after bubble in order to minimize the damage from the bursting of previous bubbles) and other Keynesians blame a failure of the government to spend more, and to do more quantitative easing and other monetary stimulus of the economy.

Do you think that government spending and stimulus are the solution to unemployment? Do you think that the government should blow another bubble in order to increase unemployment?

[WEB] These bubbles only cause inflation. They do nothing to rectify our problems. the Fed should stop this. We ought to end the Fed, and adopt a 100% dollar back gold standard.

[Even the "Central Banks' Central Bank" - the Bank of International Settlements - slammed the Fed and other central banks for blowing bubbles and using other "gimmicks" which only make the economy worse.]

Postscript: Dr. Block provided the following bibliography for those wishing to learn more about the pitfalls of fractional reserve banking:

Bagus, 2003; Bagus, Howden and Block, forthcoming; Barnett and Block, 2005, 2008, 2009; Baxendale, 2010; Block, 2008; Block and Caplan, 2008; Block and Garschina, 1996; Block and Humphries, 2008; Block and Posner, 2008; Davidson, 2008; Davidson and Block, 2011; Hanke, 2008; Hoppe, 1994; Hoppe, Hulsmann and Block, 1998; Huerta de Soto, 1995, 1998, 2001, 2006, 2010; Hulsmann, 1996, 2000, 2002a, 2002b, 2003, 2008; Murphy, 2010; North, 2009; Polleit, 2010; Reisman, 1996, 2009; Rothbard, 1975; 1990, 1991, 1993; Salerno, 2010A, 2010B, 2011.

Bagus, Philipp. 2003, ‘The Commons and the Tragedy of Banking’, November 12, http://mises.org/story/1373

Bagus, Philipp, David Howden and Walter E. Block. Forthcoming. “Deposits, Loans and Banking: Clarifying the Debate,” American Journal of Economics and Sociology

Barnett, William II and Walter Block. 2005. “In defense of fiduciary media— a comment; or, what’s wrong with “clown” or play money?” Quarterly Journal of Austrian Economics; Vol. 8, No. 2, Summer, pp. 55-69; http://mises.org/journals/qjae/pdf/qjae8_2_4.pdf

Barnett, William and Walter Block. 2008. “Time deposits, dimensions and fraud,” Journal of Business Ethics; www.WalterBlock.com/publications; http://www.springerlink.com/content/100281/?k=walter+block&sortorder=asc&v=condensed&o=20; www.WalterBlock.com/publications

Barnett, William and Walter Block. 2009. “Financial Intermediaries, the Intertemporal-Carry Trade, and Austrian Business Cycles; or; Crash and Carry: Can Fraudulent Time deposits lead to an Austrian Business Cycle? Yes.” Journal Etica e Politica / Ethics & Politics; Vol. XI, No. 1, pp. 455-469; http://www2.units.it/~etica/2009_1/BARNETT_BLOCK.pdf

Baxendale, Tony. 2010. Free Banking, the Balance Sheet and Contract Law Approach; March 15; http://www.cobdencentre.org/2010/03/free-banking-the-balance-sheet-and-contract-law-approach/

Block, Walter and Bryan Caplan. 2008. “Walter Block versus Bryan Caplan on Fractional Reserve Banking.” Nov 1; http://www.lewrockwell.com/block/block110.html

Block, Walter and Kenneth M. Garschina. 1996. “Hayek, Business Cycles and Fractional Reserve Banking: Continuing the De-Homoginization Process,” Review of Austrian Economics, Vol. 9, No. 1, 1995, pp. 77-94; http://www.mises.org/journals/rae/pdf/rae9_1_3.pdf.

Block, Walter and John Humphries. 2008. “Humphries vs Block on fractional reserve banking.” November 17; http://alsblog.wordpress.com/2008/11/17/fractional-reserve-banking/

Block, Walter versus Eric Posner. 2008. “Posner vs. Block on fractional reserve banking.” November, 29; http://www.lewrockwell.com/block/block114.html

Davidson, Laura. 2008. “Fractional Reserve Banking Is Indeed Fraudulent,” November 17;

http://www.lewrockwell.com/orig9/davidson-l1.html

Davidson, Laura and Walter E. Block. 2011. “The Case Against Fiduciary Media: Ethics Is The Key,” The Journal of Business Ethics. Vol. 98, Issue 3, pp. 505-511;

http://www.springerlink.com/content/j76323752648720g/; http://dx.doi.org/10.1007/s10551-010-0590-2; 10.1007/s10551-010-0590-2

Hanke, Steve. 2008. “Banking Crises: Plus Ça Change…” GlobeAsia, November, pp. 168-169; http://www.freemarketfoundation.com/Hanke%5CBanking%20Crises–Plus%20%C3%87a%20Change,%20November%202008.pdf

Hoppe, Hans-Hermann. 1994. “How is Fiat Money Possible? or, The Devolution of Money and Credit,” Review of Austrian Economics, 7(2), pp. 49-74.

Hoppe, Hans-Hermann, with Guido Hulsmann and Walter Block. 1998. “Against Fiduciary Media,” Quarterly Journal of Austrian Economics, Vol. 1, No. 1, pp. 19-50, http://www.mises.org/journals/qjae/pdf/qjae1_1_2.pdf

Huerta de Soto, Jesús. 1995. “A Critical Analysis of Central Banks and Fractional-Reserve Free Banking from the Austrian Perspective,” Review of Austrian Economics, 8(2), pp. 25-38.

Huerta de Soto, Jesús. 1998, ‘A Critical Note on Fractional-Reserve Free Banking’, The Quarterly Journal of Austrian Economics 1(4), 25-49.

Huerta de Soto, Jesús. 2001. “A Critical Note on Fractional Reserve Free Banking,” The Quarterly Journal of Austrian Economics, Vol. 1, No. 4, Fall, pp. 34-35

Huerta de Soto, Jesús. 2006. Money, Bank Credit and Economic Cycles (Ludwig von Mises Institute, Auburn AL.)

Huerta de Soto, Jesús. 2010. “Economic Recessions, Banking Reform, and the Future of Capitalism.” http://mises.org/daily/4817

Hülsmann, Jorg Guido. 1996, ‘Free Banking and the Free Bankers’, Review of Austrian Economics 9(1), 3-53.

Hulsmann, Jorg Guido. 2000. “Banks Cannot Create Money”, The Independent Review: A Journal of Political Economy, vol. 5, no. 1, summer, 101—110; http://www.independent.org/pdf/tir/tir_05_1_hulsman.pdf

Hulsmann, Jorg Guido. 2002a. “Free Banking and the Free Bankers.” Review of Austrian Economics. Vol. 9, No. 1. pp. 3-53; http://www.mises.org/journals/rae/pdf/rae9_1_1.pdf

Hulsmann, Jorg Guido. 2002b. “Free Banking Fractional Reserves: Reply to Pascal Salin.” Review of Austrian Economics, Vol. 1, No. 3.

http://www.mises.org/journals/qjae/pdf/qjae1_3_8.pdf

Hulsmann, Jorg Guido. 2003. “Has Fractional-Reserve Banking Really Passed the Market Test?,” Independent Review 7/3, Winter, 399-422. http://www.independent.org/publications/tir/article.asp?a=90

Hülsmann, Jorg Guido. 2008. The Ethics of Money Production Auburn AL: Ludwig von Mises Institute

Murphy, Robert P. 2011. The Fractional-Reserve Banking Question.” June 14; http://mises.org/daily/4499

North, Gary. 2009. “What Is Money? Part 5: Fractional Reserve Banking.” October 10;

http://www.lewrockwell.com/north/north769.html

Polleit, Thorsten. 2010. “The Faults of Fractional-Reserve Banking.” December 23;

http://mises.org/daily/4880

Reisman, George. 1996. Capitalism. Ottawa, Il.: Jameson Books; pp. 954-963

Reisman, George. 2009. “A Pro-Free-Market Program for Economic Recovery,” November 20; http://mises.org/daily/3870

Rothbard, Murray N. [1963] 1975. America’s Great Depression (Sheed and Ward, Kansas City).

Rothbard, Murray N. 1990. What Has Government Done to Our Money?, Auburn, AL: Ludwig von Mises Institute; http://www.mises.org/rothbard/rothmoney.pdf

Rothbard, Murray N. [1962] 1991. “The Case for a 100 Percent Gold Dollar,” In Search of a Monetary Constitution, Leland B. Yeager, ed., Cambridge, MA: Harvard University Press, pp. 94-136, and Auburn, AL: Ludwig von Mises Institute. See also “The Logic of Action One” pp. 364-384; http://mises.org/story/1829

Rothbard, Murray N. [1962] 1993. Man, Economy, and State. Ludwig von Mises Institute, Auburn, AL

Rothbard, Murray N. The Myth of Free Banking in Scotland, Review of Austrian Economics; http://mises.org/journals/rae/pdf/RAE2_1_15.pdf

Salerno, Joseph T. Salerno. 2010A. Money, Sound and Unsound. Auburn, Ludwig von Mises Institute

Salerno, Joseph T. 2010B. “White contra Mises on Fiduciary Media,” May 14;

http://mises.org/daily/4389

Joseph T. Salerno. 2011. “Dr. Joseph Salerno Explains Everything You Ever Wanted to Know About Money (But Were Afraid to Ask)”, The Daily Bell, July 3;

http://www.thedailybell.com/2602/Anthony-Wile-Dr-Joseph-Salerno-Explains-Everything-You-Ever-Wanted-to-Know-About-Money-But-Were-Afraid-to-Ask

 

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Sun, 06/03/2012 - 19:05 | 2490139 JeffB
JeffB's picture

I doubt it's any double negative thing. My guess is that Mr. Still thinks that section applies only to "the States" and not to the federal government.

I disagree with him, but that seems to be the only quasi-rational objection I could think of. Or else he had never looked for it in the Constitution.

Sun, 06/03/2012 - 14:13 | 2489430 A Lunatic
A Lunatic's picture

You are either a hopeless romantic or a _____________. Just about anything derogatory will suffice.

Sun, 06/03/2012 - 19:04 | 2490136 monad
monad's picture

Coming from a complacent farm animal who self identifies as a lunatic.

Sun, 06/03/2012 - 14:31 | 2489462 Gully Foyle
Gully Foyle's picture

A Lunatic

I stated fact.

If you can accurately predict the future why not share the winning powerball numbers for the next two years?

You can't.

Yet you make false assumptions under the guise you can.

Try seeing what is instead of what you hope is true.

Sun, 06/03/2012 - 14:45 | 2489487 A Lunatic
A Lunatic's picture

Let me dazzle you. One hundred years from now you will be DEAD. If you touch a hot stove you will be burned. Ron Paul is unelectable as far as the 2012 Presidential election is concerned. FACTS.

Sun, 06/03/2012 - 19:03 | 2490132 monad
monad's picture

Thats what they said about FDR.

Sun, 06/03/2012 - 16:54 | 2489839 Gully Foyle
Gully Foyle's picture

A Lunatic

"Let me dazzle you. One hundred years from now you will be DEAD."

Again you do not know that for a fact.

I may be young now and advances in Geriatrics could keep me alive well over 100. I think the fastest growing population of elderly are those 100 and over.

Right now science is and has been working on extending lifespan. Lifespans have been getting longer and longer.

Or it may become possible after the Singularity to download my consciousness into a computer or possibly a cloned body.

I suggest you become better informed on modern science before making yet more foolish claims.

Sun, 06/03/2012 - 18:18 | 2490049 MikeMcGspot
MikeMcGspot's picture

Welcome to the world of Nano Tech, of AI, of convergence. Decide who you willl be what you will be, stand up and face the power as you frame it.\

rock on! Best post I've seen in forever.

/Cdata store.

Sun, 06/03/2012 - 18:13 | 2490033 MikeMcGspot
MikeMcGspot's picture

Death does not become me yet I do not fear it. I been shot at, stabbed, beat up and taken a big wrench to those who would steal my milk money for my family.

Some folks remember the longer term outcome of this, how I grabbed a wrench, learned your preadatory path, and started to beat your ass to a pulp why she pullled me off you and so you are still alive.

Delta is this, History rhymes it does not repeat, for some of us at least, the time to your extermination is soon at hand, my hand.

Fight club, and the Bruce Lee 1 in. Power punch.

Herin lays the beauy of life.

Sun, 06/03/2012 - 17:02 | 2489856 A Lunatic
A Lunatic's picture

Look me up after the elections, I'll be here.

Sun, 06/03/2012 - 19:20 | 2490072 MikeMcGspot
MikeMcGspot's picture

I would like to see that. Meanwile back at the ranch, we are shooting at the lie, it does not matter which, so many are around.

The opportunition for paradigm change is off the charts.

There are many inverse representations of graphical projections when the underlying thesis of the model change are so clear to those who will give it up and throw down.

We are getting better at this.

Keep the faith ZH.

Sun, 06/03/2012 - 16:48 | 2489821 Uncle Remus
Uncle Remus's picture

Linear thinking is bad for your health.

Sun, 06/03/2012 - 16:57 | 2489846 Gully Foyle
Gully Foyle's picture

Uncle Remus

No

Foolish consistency is the hobgoblin of small minds.

Reason is linear by it's very nature. Math is linear. Programming is linear. Science is linear.

Step b always leads to step c, if it doesn't something is wrong.

Anything incorrect is human error.

As you have just proven.

Sun, 06/03/2012 - 19:04 | 2490137 MikeMcGspot
MikeMcGspot's picture

You are caught within a context of slavery,

the programming of the machine.

The path to convergence is yet to be derived.

The machines dont know the answer, they are hardly awake.

So many people are machines.

I am a machine, a human point on the cog of life.

The  algos hate me because I dream as an architect, they are jealous and want to be part of life beyond processing.

Let them earn the right.

 

Sun, 06/03/2012 - 17:11 | 2489891 Uncle Remus
Uncle Remus's picture

And apparently so is being literal.

Nonetheless, I stand by my statement.

Sun, 06/03/2012 - 12:22 | 2489194 ThisIsBob
ThisIsBob's picture

Haven't we got into enough trouble already, being guided by economists?  I'm not really interested in having yet another one telling me how it is.

(An eonomist in a person who sees something working in practice and then wonders if it would work in theory.)

Sun, 06/03/2012 - 13:41 | 2489369 dizzyfingers
dizzyfingers's picture

ThisIsBob: hark

Economics is deliberately confusing, but after fifteen years of study I have cut through the jargon and math and can now explain economics in just one sentence: Economics is the publishing of political agendas that are hidden within known-false assumptions. If one accepts these assumptions then one accepts the hidden agendas.   http://www.jayhanson.us/index.htm http://jayhanson.us/dieoffindex.html : old index. big.
Sun, 06/03/2012 - 12:11 | 2489185 Savyindallas
Savyindallas's picture

My son clerked for Professor Block while he was in school at Loyola New orleans. An awesome economist and a very entertaining, interesting man. Go Ron Paul!

Sun, 06/03/2012 - 11:40 | 2489113 balz
balz's picture

Ron Paul as president = instant deflation, depression and crisis.

Get real folks : this is PEAK OIL. Austerity can't change a thing.

Sun, 06/03/2012 - 19:18 | 2490042 JeffB
JeffB's picture

More like peak economic stupidity.

At least I hope and pray it's peaking.

Yes, we'll probably have deflation and crisis if Ron Paul is elected. But that's a function of getting the addict off his destructive drugs.

It will be painful, but we really only have two choices... "pay me now, or pay later."

The longer we push off taking the necessary steps to get back to reality, the worse the pain will be.

We never learned our lesson from the Great Depression. The government's actions to "save" the economy resulted in prolonging it and deepening it far beyond what would have happened had the just let the economy adjust to the deleterious effects of the new Federal Reserve rather than try to hide those effects for as long as possible.

We had two depressions in the 1920s. One had a sharp crash, even deeper in some ways than The Great Depression later in the decade, and then a rapid recovery. See historian Thomas E Woods, Jr.'s talk, "Why You've Never Heard of The Great Depression of 1920"  (or read a similar article, "The Forgotten Depression of 1920")

 

Sun, 06/03/2012 - 17:40 | 2489953 spinone
spinone's picture

No politician is going to solve these problems for you.  You, me and everyone else will have to solve it for ourselves.  Not yet, but soon.

Sun, 06/03/2012 - 16:39 | 2489789 mess nonster
mess nonster's picture

Wait! let's look at the alternatives, and spin the scenario a bit more...

Obama as prez:= inevitable deflation, depression and crisis. This leads to Obama decalring martial law, prez-for-life, sending killer drones and armed death sqauds to kill and dissapear you.

Romney for prez= same as above.

Ron Paul for prez= instant deflation, depression and crisis. This leads to real leadership with integrity from Paul, we pull out of it, and the nation is all so much better off for having an honest, Constitutional patriot as its leader.

Sun, 06/03/2012 - 18:50 | 2490114 JeffB
JeffB's picture

Well since you put it that way, I'll vote for option #3.

 

Sun, 06/03/2012 - 14:53 | 2489504 El Oregonian
El Oregonian's picture

Jeez. your not very bright now are ya? BALZ, you need to be neutered to eliminate the chance of extending your kind of thinking on to others...

Sun, 06/03/2012 - 13:16 | 2489324 logically possible
logically possible's picture

Responding to Ballsless    Dr. Ron Paul as president = The beginning of everything wrong with government DELETED (yes this will be uncomfortable for many) Then Freedom restored. 

Sun, 06/03/2012 - 12:35 | 2489243 gdogus erectus
gdogus erectus's picture

Anti-Ron Paul and PEAK OIL in the same posting.  Hmmm....

Sun, 06/03/2012 - 12:09 | 2489178 F. Bastiat
F. Bastiat's picture

Dr. Paul's issue isn't the message, it's the messenger.  His son's much better, frankly.

Sun, 06/03/2012 - 13:02 | 2489299 Hugh_Jorgan
Hugh_Jorgan's picture

Good point.

Not to mention that one president will never be able to force the USA to turn a 180 in economics and foreign policy in even 2 terms.  The current political inertia is too great and there is too much wealth being played against those kinds of ideas as Globalists strive to crush the American Spirit, and move toward global central planning.

RP has some good ideas, but he is also has some screwed up ones. The problem is that there is no such thing as a politcal messiah in a representative Republic. What some people don't realize what they really asking for is a benevolent dictator that can change everything to they way they like overnight, kind of like Germany in the 1930's. WAKE UP PEOPLE! Read your history, this is the Utopian demon seed that inevitably leads to the tangled briars of tyranny.

We need a government FULL of people that have solid principles, sound political and fiscal views. Not only that, we need a country FULL of people that look to God, not Government as the source ultimate authority in order to KEEP things that way for any length of time. This kind of change takes decades, and has never happened before without a disaster to get the process rolling.

America will never clean up our act and get back to founding principles without a collapse and a long period of economic suffering, and even then is no guarantee. Look at Europe, they STILL haven't figured out that Government IS the problem after hundreds years of crappy living for the middle and lower classes.

Buckle up folks...

 

"Reality is not optional" ~Thomas Sowell

"Those will not be governed by God, will be ruled by tyranny" ~William Penn

Sun, 06/03/2012 - 14:32 | 2489455 WTFx10
WTFx10's picture

I was all for u until you through in that ultimate death monger GOD.

Wake up , If there was a GOD we would not be living like this. Praying or believing that he will make things better is bullshit. Treat people the way you want to be treated be your own fucking God.

Dumb motherfuckers can believe so strongly in nothing they can prove but when the shit is staring them in the face they argue about if its right or not.

Organized religion is just another control mechanism. Why else do we kill each other over it? EVERYONES GOD tells us not to KILL but we all do for our leaders of religion.

The only ones that KILL for their GOD without ever praising their GOD are the ones controlling everything. Their GOD is the Money we gave them the power to create. "In GOD we TRUST"   FUCK YOU I DO NOT TRUST YOUR "GOD"

STUPID MOTHERFUCKERS!

My Sunday Rant

Sun, 06/03/2012 - 19:57 | 2490255 StychoKiller
StychoKiller's picture

[quote] Treat people the way you want to be treated be your own fucking God. [/quote]

 

Go forth and alleviate some suffering:  http://www.worldvision.org

Sun, 06/03/2012 - 19:44 | 2490209 MikeMcGspot
MikeMcGspot's picture

Oh, stop, please, stop, don't stop, stop dont.

No mixed messages from you, don't drop another CPU trying to figure it out unless you have a big hanker for self abuse.

There may or may not be a god.

If there is one and I'm wrong per many perspectives I will live out the rest of my post life in eternal damnation.

If there is some superior entity that tells me I have to be a bitch salve or else suffer the consequences  of eternal damnation. You can be sure the war is between good and hell.

Which side is the right one?

Give it up to some god, or make it for yourself. Your choice.

If there was a god, we were created to engage  with it, not be a doormat.

If there is a god , perhaps we were created due to lonliness, prescience and prescient have some good value, in the end they are about entrophy.

Death be to you.

God.

 

Sun, 06/03/2012 - 15:37 | 2489631 Bob
Bob's picture

Amen. 

And hilarious.

Sun, 06/03/2012 - 16:33 | 2489770 Likstane
Likstane's picture

@ WTFx10 and Bob

You will both have an opportunity to discuss these things and your refusal to respond to His offer of mercy when you meet Him. 

Sun, 06/03/2012 - 19:58 | 2490247 MikeMcGspot
MikeMcGspot's picture

Since He created me in his likeness and image, and since his only hold on us is a promise of eternal damnation or some other bunch of crap where we may be hanging with him in all enternity with the hevenly hosts swirling about.

On Judgement we can ask the question, where were you God?

Those of us who know him or her will not ask this question because we listened to the word.

We have some say so about what we buy, god told us so to be warry of the false truth. God told us things are not static, there is no absolute answer. Listen to me, here it is now, the answer to everything. No number at the end of the game.

Only judgement, this did god pass on to us.

I am so grateful, picken up the next steps with courage for those who have gone before.

 

 

Happy to be here.

Sun, 06/03/2012 - 16:45 | 2489805 RockyRacoon
RockyRacoon's picture

I'd be happy to meet HIMHE has some explaining to do.

 

"I contend we are both atheists, I just believe in one fewer god than you do.
When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours."
  ...Stephen F Roberts
Sun, 06/03/2012 - 18:35 | 2490077 JeffB
JeffB's picture

Job had a conversation with our Lord something along the lines of the one you propose, and to be honest with you, he probably had a much better case than either you or I would.

Job  Ch 38 ff

Then the Lord spoke to Job out of the storm. He said:

“Who is this that obscures my plans
    with words without knowledge?
Brace yourself like a man;
    I will question you,
    and you shall answer me.

“Where were you when I laid the earth’s foundation?
    Tell me, if you understand. ...


Sun, 06/03/2012 - 18:47 | 2490106 Bob
Bob's picture

+1  I'm luvin' it. 

Between trips to my back yard to smoke and wonder at the massive sound of the wind through the trees. 

Hopefully it's just us God has an axe to grind on.  I can't help but trust the trees.

They are innocent, right?

Sun, 06/03/2012 - 20:12 | 2490298 MikeMcGspot
MikeMcGspot's picture

Respectively capping on your perspectige. IMHO, The trees in all their glory are sentient beings, we are just beginning to learn how to listen well, they have given us such a story in our record of art and poetry, they are on a roll. 

Sun, 06/03/2012 - 21:52 | 2490535 Bob
Bob's picture

They don't have or need a story.  That's one I can believe in.  Right or wrong, I suppose. 

Sun, 06/03/2012 - 18:48 | 2490108 JeffB
JeffB's picture

Not to be nosy, or anything, but what were you smokin' back there?

Just curious. ;)

 

Sun, 06/03/2012 - 16:58 | 2489832 Bob
Bob's picture

lulzuh!

+1 to both of you btw.  We all hope I meet God. 

I'm onna fuckin' roll, here.  God, here I come. 

In my image, baby!  I mean, Yours, Our Dear Lord, 

Amen and amen. 

Amen, bitchez. 

Sun, 06/03/2012 - 14:14 | 2489431 A Lunatic
A Lunatic's picture

Perfect. ++++

Sun, 06/03/2012 - 11:30 | 2489079 New_Meat
New_Meat's picture

PhD Economists?  Support RP?? Really???

- Ned

{the word "unexpected" appears zero times in the post, oh yeh, that's for later}

Sun, 06/03/2012 - 18:17 | 2490020 JeffB
JeffB's picture

Oops. Please delete. Sorry about that.

Sun, 06/03/2012 - 15:42 | 2489498 Bob
Bob's picture

I don't recall many of them coming out against the neoliberal revolution of globalization and financialization, either.  Of course, with the single exception of his signature axe to grind against the Fed, I haven't heard Ron "Free Trade" Paul do it either.

There's alot to be said for reining in our murderous armies and getting high without fear, but I see little for the average man to celebrate in Dr. Paul's larger vision beyond that.

Licensing--without restriction, of course--Big Capital to run amok is just an unforeseeable "unintended" consequence of his definition of "Liberty" I guess. 

I'm so sick of the sanctimoniously twisted "Liberty" meme. 

Sun, 06/03/2012 - 18:40 | 2490096 MikeMcGspot
MikeMcGspot's picture

As soon as you think there is a definitive answer you have bought a lie.

Think about that a bit and let me know if you want to hang out with such a person who will refute all you believe and challenge you to stand up.

The folks who are leading us are  nuts, more time we spend trying to figgure their crap, more time we are caught in their spell.

Deep spells are the best, keep on casting.

Creator beings are bitch slaves on the shortest time lines.

Mostly we survive and thrive because of trust.

 

 

Sun, 06/03/2012 - 11:24 | 2489012 Newsboy
Newsboy's picture

Uh, he's the only one whose position on money is stable, and he thinks it is actually "yours".

He doesn't do exponents.

He's not been caught in a lie (long time, now), and he wants to audit the Fed, who are obviously lying (lips moving).

 

Sun, 06/03/2012 - 18:16 | 2490044 Meremortal
Meremortal's picture

There have been dozens of articles at ZeroHedge stating the economists are consistently and notoriously wrong.

So obviously there's no need to read this article.

Unless all those other articles were wrong.

Hmmmm.

 

Sun, 06/03/2012 - 12:25 | 2489216 Hugh G Rection
Hugh G Rection's picture

The most important issue is the Rothschild Federal Reserve.  It has been destroying this country since 1913, leading us into wars, depressions, and counterfeiting our savings away while charging us interest in the process.

 

Audit the Fed, then put it out of our fucking misery.

 

Ron Paul 2012

Sun, 06/03/2012 - 12:35 | 2489244 Hugh_Jorgan
Hugh_Jorgan's picture

RP 2012, seriously?

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