This page has been archived and commenting is disabled.

Herman Cain InTrade Nomination Odds Experience Terminal Flash Crash, Ron Paul Benefits

Tyler Durden's picture





 

No circuit breaker was triggered as yet another unborn political career was dumped on the trash heap of history. And this even without a Muddy Water Strong Sell report, or Whitney Tilson going activist Cain nomination odds.

And anyone who arbed Cain-Paul relationship just made some money, as Ron Paul odds jumped by 10% on the Cain announcement:

Source: InTrade

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 12/03/2011 - 15:00 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Tilson, hehe...

Flash Smash Bitchez!!

Sat, 12/03/2011 - 15:11 | Link to Comment iinthesky
iinthesky's picture

If only I could double pimp slap the 'Paul is unelectable' crowd once and for all. Gingrich must be destroyed. The man is pure evil.

Sat, 12/03/2011 - 15:14 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Paul is going after Newt directly:

http://video.cnbc.com/gallery/?video=3000060158

Sat, 12/03/2011 - 15:47 | Link to Comment JPM Hater001
JPM Hater001's picture

Click this to send the Jewish Swiss bonanza league a nasty gram about not inviting Ron Paul.  I did it this morning.

info@rjchq.org

 

Sat, 12/03/2011 - 17:18 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Ron Paul has chosen not to appear at the Apprentice debate set for December 27 in Iowa. Savvy move.

 

http://thepage.time.com/2011/12/03/paul-says-no-to-trump-debate/

Sat, 12/03/2011 - 16:16 | Link to Comment Atomizer
Atomizer's picture

Newt has baggage, so does Mittens. They both want universal healthcare and carbon tax fees.

http://www.enterprisecorruption.com/

 

Sat, 12/03/2011 - 21:15 | Link to Comment Reptil
Reptil's picture

Ron Paul seems to be curiously absent from poll results. if that is the case, these are doctored obviously. The "Ron Paul blackout".

Fukushima's shown that huge things can be hidden from the american (and most of the european) public.
Polls seem important for those that "don't want to waste their vote" (or BS like that)

There's some sarcasm in the TYT broadcast. They also presented the Ron Paul ad in another video broadcast.
https://www.youtube.com/watch?v=FzDzPf69yrY

Youtube is Google of course. When push comes to shove...

Sat, 12/03/2011 - 15:32 | Link to Comment DeadFred
DeadFred's picture

"The crash" will come in May. The power structure needs the crash to get the cover for real printing, not this girlie-mon printing from dropping the swap rates. But the crash has to wait until after Ron Paul has been ignored out of the primaries. Once the bought-off candidates like Newt get enough delegates to exclude Ron Paul then they can pull the plug and tank things. Hope I'm wrong but only an act of God will get RP the nomination. Of course we can always hope for such an act since the front runners all smell of sulphur.

Sat, 12/03/2011 - 15:33 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Makes sense.  And if Ron stays at the front then the collapse win get him the election. 

Call on Paul!

2012

Sat, 12/03/2011 - 15:39 | Link to Comment SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

The Paul organization is certainly the smartest campaign......they will emerge as a result. This is inevitable, the only way TPTB can foil this is through criminal behavior and they know it.

Sat, 12/03/2011 - 15:41 | Link to Comment JPM Hater001
JPM Hater001's picture

The Powers That Be here.

For the record we are on with acquiring things we value through criminal behavior as we are certain we will no be prosecuted for anything over a parking ticket and for that we have Vinny.

Sat, 12/03/2011 - 15:42 | Link to Comment Spastica Rex
Spastica Rex's picture

Fait accompli then, huh?

Sat, 12/03/2011 - 15:54 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Like many, I would love to see Ron Paul in the white house and give that veto power a good workout, however, I am wondering why Ron Paul isn't pressing the Fed and the treasury on exactly where all the fucking money went and who it is going to.  Dr. Paul chairs the only committee that actually has the power to do this. Part of me wants to say, do your fucking job Dr. Paul. I suspect that TPTB were hoping Dr. Paul would be satisfied with his chair appointment and would be mired in litigation for years and miss the election, FAIL.

In any case, Ron Paul in 2012.

Sat, 12/03/2011 - 16:09 | Link to Comment JLee2027
JLee2027's picture

There have been some changes in Congress to keep Bernanke away from Ron Paul's questioning. I'm not "phrasing" this correctly, but Ron Paul has talked about this.

Ron Paul 2012

Sat, 12/03/2011 - 16:09 | Link to Comment SWRichmond
SWRichmond's picture

It is my understanding that Dr. Paul's committee no longer has jurisdiction, that House leadership reassigned it.  Check me someone?

Sat, 12/03/2011 - 16:16 | Link to Comment JLee2027
JLee2027's picture

Yup...

Sat, 12/03/2011 - 17:07 | Link to Comment cat2
cat2's picture

Yep they gave him the committee and then the GOP establishment nutered it.

Sat, 12/03/2011 - 18:47 | Link to Comment francis_sawyer
francis_sawyer's picture

Umm... I don't think so... While I'd LOVE you to be correct, here's how I see it...

Sorry - NO SPAM... I just don't like typing TWICE... (the comments are in two parts - so refer to the comment BELOW as well if you link)...

http://traders-anonymous.blogspot.com/2011/12/amenras-corner_02.html?showComment=1322950387165#c1515037147089234555

Sat, 12/03/2011 - 15:54 | Link to Comment Divine Wind
Divine Wind's picture

I am a RP fan, but also a realist.

It isn't that RP is NOT ELECTABLE, I just don't see the puppeteers allowing him to be elected.

Far too many people make far too much money through the current 'gamed' system.

Far too many people profit from the lack of transparency.

Far too many skeletons and nefarious dealings would be revealed.

What if, perhaps, there is not as much gold as the U.S. claims to have? I am certain TPTB would go to great lengths to prevent that news from breaking.

It is highly doubtful you would have Wall Street money backing his campaign.

He sure as hell wont be getting the Jewish vote (both kinds, ballots or FRNs).

AND FINALLY,

RP personally states he delivered more than 2000 babies.

This means that RP has seen and man-handled more than 2000 snappers with kids hanging out.

Do you really think he stands a chance once the ladies start lining to tell their stories about how RP did this or that to them while in his care?

I love RP, but because of the few items listed above, I honestly do not see him EVER getting that far.

Just my take on the matter.

 

Sat, 12/03/2011 - 16:38 | Link to Comment wisefool
wisefool's picture

You are on the right trail. But that is not going to hurt as much as when Romney is forced to reveal 30 years of tax returns, and it is discovered that Billionare pays a lower effective tax rate than the typical single mom. He will not reveal until after he already has the R nomination. Slam dunk for obama. Even the news babes on fox news have admitted the fix is in...... 4 more years.

Sat, 12/03/2011 - 16:44 | Link to Comment Divine Wind
Divine Wind's picture

All of this makes my stomach hurt.

Sat, 12/03/2011 - 18:34 | Link to Comment Tsunami Wave
Tsunami Wave's picture

Doesn't Kamikaze mean in direct English "Divine Wind"?

Either way, he still has a shot.  He can still win it, even if he campaigns as an Independent.  There are still a lot of weary Democrats out there that don't like Obama, a lot of Republicans that are very dissatisified with the current list of candidates and know they need to take serious action to change a lot of problems, and many Independents that yet to make up their mind but if they had the chance to listen to Ron Paul talk and hear his ideas and evidence supporting them, he could get through to them.

Sat, 12/03/2011 - 18:55 | Link to Comment francis_sawyer
francis_sawyer's picture

I'd kinda agree... Again... I'm NOT trying to spam here... But my comments were articulated here... (parts 1&2)...

http://traders-anonymous.blogspot.com/2011/12/amenras-corner_02.html?showComment=1322950387165#c1515037147089234555

 

Sat, 12/03/2011 - 20:39 | Link to Comment wisefool
wisefool's picture

Sure. They cant really say it is because he is a mormon, because that is not just. They cant really say it is because he is a tax dodger like uncle warren, cause dodging taxes is what most people do for a living.

But what they can do it is get him to say "i needed to spend tax deductions on my faith" which then bad orders him in a PC way.

There is 0% change Romney could beat Obama.

Sat, 12/03/2011 - 17:32 | Link to Comment earleflorida
earleflorida's picture

ron can press mitt on 'bain', and its past business dealings? romney bailing out of mass. when offered winter olympics. the mor[on]mon supports the 1% slogan that corporation's are people too,...  bullshit! lastly - his baffling eagerness too start a war with iran[?],... thus lighting the fuse for wwiii! 

the guys a religious zealot,... this un-american patriot that never cleared leather in his life - nor his 'high and almighty', families legacy - nothing but a family of profiteering carpetbaggers!

ron paul can certainly win

ps. as far as newt,... he is a mistake from the past with dinosaur bones in his closet - he makes herman look like a saint

jmo

Sat, 12/03/2011 - 17:28 | Link to Comment dark pools of soros
dark pools of soros's picture

I fear they will let Paul win after they crash the system so he can be the face of austerity..  they won't let him win if there is still blood to suck

But, how do they get around his push for states rights over federal power?  They lose all the control as everyone rebuilds as a more free nation so they probably like his push to cut out all the beni's but they do not want to give the freedom he would give as well

worth a shot anyway.. just get him on the prez ballot

Sat, 12/03/2011 - 18:15 | Link to Comment JPM Hater001
JPM Hater001's picture

No one will see this but for the record:
A pessimist sees the glass half empty and the optimist sees the glass half full. Realists say the glass is twice as big as it needs to be.

So a realist would translate that to Ron Paul would bring the truth and given enough pain he is the only one people would elect. So the only question is will things collapse?

Duh...

Sat, 12/03/2011 - 19:33 | Link to Comment fuu
fuu's picture

The glass is in equilibrium. Which -ism is that?

Sat, 12/03/2011 - 20:02 | Link to Comment TheSettler
TheSettler's picture

I believe the number you are looking for is over 4,000 Babies....

Sat, 12/03/2011 - 15:49 | Link to Comment Johnk
Johnk's picture

I've never plus-one'd anybody before, iinthesky , but +1.

Sun, 12/04/2011 - 13:22 | Link to Comment FMR Bankster
FMR Bankster's picture

I live in Iowa and we'll deliver it for Ron Paul. This is a caucus, Gingrich just opened his office and has no county by county organization. Romney made a strategic decision to by pass Iowa because he thought christian conservatives would dominate. He's trying to organize now because he thinks he could win but it's late. Christian conservatives could rally to Santorum or Bachman late but so far they are split. (interestingly RP gets his fair share, viewed as honest, somebody whose word can be trusted)I live in the Des Moines area and in 2008 you saw RP signs mostly in the blue collar parts of town but now they are all over the suburbs as well. It's really about turnout now. RP supporters should hope for a snowy night. I believe he'll win Iowa, then spike from mid teens to 25% overnight in New Hampshire. After that, we'll I don't know. It will take a sea change in attitude for most Republicans to give up their view about the US military and it's role in the world.

Sat, 12/03/2011 - 19:26 | Link to Comment philipat
philipat's picture

Flash and crash?

Sat, 12/03/2011 - 19:28 | Link to Comment philipat
philipat's picture

Duplicate deleted. Apologies.

Sat, 12/03/2011 - 15:00 | Link to Comment redpill
redpill's picture

I don't know why it took that long. No one calls a press conference to say they are staying in...

Sat, 12/03/2011 - 15:12 | Link to Comment Temporalist
Temporalist's picture

I was expecting him to say he wants to be the first Polygamist in the white house and that all these bitchez love him too much for him to  give up on any of them.  He may have had a chance at the nomination then.

Sat, 12/03/2011 - 15:17 | Link to Comment redpill
redpill's picture

But Romney already has the Utah vote locked up!

Sat, 12/03/2011 - 18:57 | Link to Comment francis_sawyer
francis_sawyer's picture

at least Utah accepts gold & silver as legal tender... Nobody can deny that...

Sat, 12/03/2011 - 19:16 | Link to Comment SilverIsKing
SilverIsKing's picture

I thought Cain was planning on announcing a new 9-9-9-9 deal.

$9 pizza
9 toppings
Delivered to your door within 9 minutes
Over 9 minutes and he personally delivers 9 hookers to your home.(1)

Footnote (1): you must allow him to have 3 hookers while you get 6

Sat, 12/03/2011 - 17:24 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

I don't know why it took that long.

 

Cain never expected to win. He wanted attention and the opportunity to exit the race with a Palin-like franchise. What took so long was Cain looking for a way to save face so that he could later plaster that face all over American media.

He says he's "not going away," but I bet he is. He gambled and lost.

Sat, 12/03/2011 - 15:01 | Link to Comment francoismathieu
francoismathieu's picture

Loved the Pokemon reference.

Sat, 12/03/2011 - 15:31 | Link to Comment TheAkashicRecord
TheAkashicRecord's picture

And the tax plan taken from Sim City.

Sat, 12/03/2011 - 15:02 | Link to Comment heavenskrow
heavenskrow's picture

HIS NAME WAS RON PAUL. HIS NAME WAS RON PAUL. HIS NAME WAS RON PAUL. HIS NAME WAS RON PAUL. HIS NAME WAS RON PAUL. HIS NAME WAS RON PAUL.

Sat, 12/03/2011 - 15:19 | Link to Comment bdc63
bdc63's picture

his name IS ron paul. his name IS ron paul. his name IS ron paul. his name IS ron paul.

Sat, 12/03/2011 - 15:28 | Link to Comment bob_dabolina
bob_dabolina's picture

Heavenscrow is correct.

It's from a scene from fightclub except in the movie it was Robert Paulson (the bob that had bitch tits)

Sat, 12/03/2011 - 16:36 | Link to Comment css1971
css1971's picture

You don't think he'd be assassinated, one way or another?

Sat, 12/03/2011 - 18:17 | Link to Comment schadenfreude
schadenfreude's picture

-1 from me. This is the fight club. Get in and fight or get out. Attention Whores fuck up.

Sat, 12/03/2011 - 15:27 | Link to Comment Oztralian
Oztralian's picture

you do realize he has absolutely zero chance of winning, right? MSM's impact on elections is still far too significant. If the same population that tunes into the Kardashians and Real Housewives is the same population that votes, then we're years away from electing the right mind into the White House unfortunately.

Sat, 12/03/2011 - 15:30 | Link to Comment bob_dabolina
bob_dabolina's picture

I got into this argument with someone else. 

If I asked you 5 years ago if it was possible that a black guy named Hussein Obama would be elected president you would say 0% chance. 

Don't discount Ron Paul just for the sake of discounting. He is the only candidate that would acutally make a positive difference in this country.

Sat, 12/03/2011 - 15:37 | Link to Comment jeff montanye
jeff montanye's picture

yes indeedy bob.  funny thing about interesting times.  interesting things happen.  "corporations are people too" will not get as many votes as it used to, even in the republican party. (re)register republican to vote for ron paul in the primary and the general.  it is the absolute easiest thing to do to give it to the msm, obama, the banksters, the treserve, the military industrial complex, the israel lobby and increase the price of gold and silver.  

Sat, 12/03/2011 - 15:49 | Link to Comment Oztralian
Oztralian's picture

I disagree. 5 years ago, people were still addicted to reality TV and gossip "news" that had a pretty strong hold on the nutsack of the majority. We were also in a ridiculous war with a fantastically unpopular president. I'm pretty sure any democrat that could put together a string of words to form a coherent sentence would have won last election. If a Ron Paul equivalent comes around a couple elections down the road, sure. But in the next election? 0% chance.

Sat, 12/03/2011 - 15:53 | Link to Comment bob_dabolina
bob_dabolina's picture

Ron Paul has garnered 19 GOP Presidential Straw Poll wins -- more than ANY other GOP candidate -- and ALMOST FIVE TIMES AS MANY as establishment favorite, Mitt Romney. Flavor of the Month, Newt Gingrich, has won ONE straw poll. Ron Paul’s straw poll victories constitute 48.7% of the 39 GOP Straw Polls thus far.

2011 GOP Straw Poll Wins for Ron Paul:

1st - February 12, 2011, Washington, D.C. – CPAC Straw Poll
1st - February 27, 2011 Phoenix, AZ - Tea Party Patriots Virtual Summit Straw Poll 
1st - March 20, 2011, Sacramento, California – Republican Liberty Caucus of California Presidential Straw Poll
1st - June 16–18, 2011, New Orleans, Louisiana – Republican Leadership Conference Straw Poll
1st - June 19, 2011, Clay County, Iowa Republican Party Straw Poll
1st - August 20, 2011 New Hampshire Young Republicans Straw Poll
1st - September 12, 2011 Cincinnati Tea Party Straw Poll
1st - September 17, 2011 California GOP Straw Poll
1st - October 7–9, 2011, Washington, D.C. – Values Voter Straw Poll
1st - October 13, 2011, Los Angeles County, California - RPLAC Straw Poll
1st - October 18, 2011, Charleston, South Carolina - Charleston County Republican Party
1st - October 22, 2011, Columbus, Ohio - Ohio GOP Swing State Straw Poll
1st - October 29, 2011, Des Moines, Iowa - National Federation of Republican Assemblies Presidential Straw Poll Tally 1
1st - October 29, 2011, Des Moines, Iowa - National Federation of Republican Assemblies Presidential Straw Poll Tally 2
1st - November 5, 2011, Illinois - Illinois Straw Poll
1st - November 14, 2011, North Charleston, South Carolina - Charleston County Republican Party Straw Poll
1st - November 14, 2011, San Diego, California - San Diego GOP Straw poll
1st - November 15, 2011, Springfield, Missouri - Missouri Tea Party Straw poll
1st - November 19, 2011, North Carolina- NC Registered Republicans Straw Poll

Ron Paul's 2nd Place GOP Straw Poll results:

2nd - January 22, 2011, Derry, New Hampshire – New Hampshire Straw Poll
2nd - (Statistical Tie for 1st) - August 13, 2011 Iowa Straw Poll, Hilton Coliseum in Ames, Iowa.
2nd - (Statistical Tie for 1st) - August 27, 2011 Georgia State GOP Straw Poll
2nd - October 29, 2011, Tuscaloosa, Alabama; West Alabama Straw Poll
2nd - November 19, 2011, Rockford, Illinois - Memorial Hall Straw Poll 

http://www.thestatecolumn.com/texas/ron-paul-wins-dubuque-tea-party-straw-poll/

Sat, 12/03/2011 - 19:37 | Link to Comment SilverIsKing
SilverIsKing's picture

As I've stated previously, those that want to get RP the Republican nomination have to convert at least one other person to a Paul supporter.

Once people are in, they don't leave. That cant be said for any other candidate. Paul surely has the most loyal base.

Sat, 12/03/2011 - 17:23 | Link to Comment OttoMBMP
OttoMBMP's picture

TPTB wanted this Hussein.
They do not want Dr. Paul.
That is the difference.

Sat, 12/03/2011 - 17:27 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Into each life some rain must fall.

Sat, 12/03/2011 - 23:10 | Link to Comment Godisanhftbot
Godisanhftbot's picture

 Maybe that was a zero, but getting elected and doing a GOOD job of it, surely a large negative number.

Sat, 12/03/2011 - 15:02 | Link to Comment Temporalist
Temporalist's picture

Seriously it was trending up until he "suspended?"

Sat, 12/03/2011 - 15:04 | Link to Comment non_anon
non_anon's picture

craps

Sat, 12/03/2011 - 15:06 | Link to Comment Alex Kintner
Alex Kintner's picture

Crap. Does this mean his Bitchez  closet is empty now?

Sat, 12/03/2011 - 15:11 | Link to Comment DionysusDevotee
DionysusDevotee's picture

Long Paul, short dollar.

Sat, 12/03/2011 - 15:12 | Link to Comment DionysusDevotee
DionysusDevotee's picture

Right now Jon Stewart is laughing through tears..

Sat, 12/03/2011 - 15:13 | Link to Comment sabra1
sabra1's picture

Newt, what kinda name is Newt? was his father's name, Knat? anyway, i heard he likes doing it with farm animals! especially likes swallowing bull semen!

Sat, 12/03/2011 - 15:39 | Link to Comment jeff montanye
jeff montanye's picture

when your main competition are newt and mitt, fate is smiling on you.  watch john huntsman.  he could be dangerous.

Sat, 12/03/2011 - 15:55 | Link to Comment Temporalist
Temporalist's picture

Of course he's the next insider they will be pushing.  He's "clean" as far as backgroud and public life I'll bet too.  Why have there been so many Mormons running for office lately?  Aren't they happy enough with their kingdom of god in Utah? 

Sat, 12/03/2011 - 22:55 | Link to Comment UP Forester
UP Forester's picture

I actually listened to NPR on my way to work (ya, I know, but only 10 stations come in) and they were touting the new three-way race:  Newt in first, Romney, and "watch out for John Huntsman, he's been marginalized in the debates so far, but this may be his chance to gain in the race."

I ROR'ed so hard a little puke came up....

Sat, 12/03/2011 - 23:17 | Link to Comment earleflorida
earleflorida's picture

yep,... another chinese surrogate helping the hand of free market globalization on a billionaires salary - pos, period!

and then obama sends the ultimate real mc'coy progenitor as a doable replacement, pathetic,...

Sat, 12/03/2011 - 19:02 | Link to Comment francis_sawyer
francis_sawyer's picture

She turned me into a NEWT!

http://www.youtube.com/watch?v=xzYO0joolR0

 

Sat, 12/03/2011 - 15:14 | Link to Comment Gidas19
Gidas19's picture

pizza anyone?

Sat, 12/03/2011 - 15:17 | Link to Comment FL_Conservative
FL_Conservative's picture

With extra pepperoni.

Sat, 12/03/2011 - 15:15 | Link to Comment Mauibrad
Mauibrad's picture

F--K CAIN, and the horse he rode in on!  Chase-d that $cumbag outta town.

Sun, 12/04/2011 - 03:28 | Link to Comment caerus
caerus's picture

herman cain is the name and i served the establishment game... the band

Sat, 12/03/2011 - 15:21 | Link to Comment bob_dabolina
bob_dabolina's picture

 

Paul was right yet again. (the date in the below vid in the beg. is wrong)

Little Girl Fights Selfish Fox/CNN reporters for interview with Ron Paul

http://www.youtube.com/watch?v=HRJ8J-BgKWo

 

Sat, 12/03/2011 - 15:28 | Link to Comment Mauibrad
Mauibrad's picture

Persistence.

Sat, 12/03/2011 - 15:17 | Link to Comment EscapeKey
EscapeKey's picture

So does that mean the biggest hypocrite of them all - Newt - is the front runner?

Surreal.

Sat, 12/03/2011 - 15:18 | Link to Comment Mauibrad
Mauibrad's picture

NOT for long, babe.

Sat, 12/03/2011 - 15:20 | Link to Comment EscapeKey
EscapeKey's picture

Not a chick. Google Anna Chapman.

Sat, 12/03/2011 - 15:17 | Link to Comment MarketWatchTerrorist
MarketWatchTerrorist's picture

Herman Cain's only job was to be a distraction to keep people's attention focused away from Romney and what a monster he truly is.  Mission accomplished Mr. Cain.

 

Now Newt Gingrich, of all people, has taken the helm as media darling of the hour.  Nobody with 2 brain cells to rub together takes him seriously as a candidate.

 

It was ALWAYS Romney.  From day 1 it was Romney.  Everything else is a distraction.  This election is all about one thing - getting anybody but Ron Paul into the white house.  Ultimately the election will be Romney vs. Obama and Obama will be re-elected due to one part Ron Paul supporters going rogue and one part general disgust and loss of faith in the American political system among people aware of just how farsical and fraudulent the whole process really is.  But if Romney somehow snuck into the white house there would be 0 noticeable difference between him and Obama.

Sat, 12/03/2011 - 15:28 | Link to Comment the grateful un...
the grateful unemployed's picture

neither one of them is Christian, which proves your point I think

Sat, 12/03/2011 - 17:14 | Link to Comment dumpster
dumpster's picture

another dumb shit head

\neither one is christian

romney is . ..

i am not for romney.. but he believes in the bible armageden as does the religious right beilieves in the same misguided intrpretation of the bible as do all christians

the true statement is all christians are starting off on a wrong premise..

they all suck wind .. .

so heads you win tails you lose. 

but to not   vote for romney because you think he is not a christian vaidates your skill set of dumb as a stump

 

 

Sat, 12/03/2011 - 21:01 | Link to Comment Larry Dallas
Larry Dallas's picture

Bless your heart. You must live in Texas and part of the evangelical Christian Taliban that lives there.

Mormons are just as God-fearing as you. Just probably more educated.,,

Sat, 12/03/2011 - 15:45 | Link to Comment JPM Hater001
JPM Hater001's picture

Ron Paul supporters going rogue

It's Rouge ye want eh?  I got yer rouge Paul campaign.  Elect him or GLOBAL defication will occur.

Sat, 12/03/2011 - 15:17 | Link to Comment Iwanttoknow
Iwanttoknow's picture

Who will save us from those crzay towel heads?

Sat, 12/03/2011 - 15:44 | Link to Comment jeff montanye
jeff montanye's picture

let them alone for 15 minutes, trade with them, stop coddling israel and, with their own multiple problems maybe it will largely take care of itself.  certainly shooting drones at them constantly and constantly missing a little bit here and there is not working out so well.

Sat, 12/03/2011 - 18:25 | Link to Comment Mr Pink
Mr Pink's picture

They hate us for our freedom!

Sat, 12/03/2011 - 15:26 | Link to Comment f16hoser
f16hoser's picture

"PEPPERONI, EXTRA CHEESE PLEASE!"

Sat, 12/03/2011 - 15:46 | Link to Comment jeff montanye
jeff montanye's picture

and if that doesn't work, you can bet your last bar of gold mossad and their tool the cia (and maybe even hillary clinton, nod to arkancide) have elaborate plans b through zzz.

Sat, 12/03/2011 - 20:20 | Link to Comment anomalous
anomalous's picture

TheAkashicRecord, hopefully that will help to further differentiate RP (in a most positive way) from the rest of the same old pols running. 

Sat, 12/03/2011 - 21:16 | Link to Comment PaperBear
PaperBear's picture

“Throughout his public service, Paul has espoused a dangerous isolationist vision for the U.S. and our role in the world.”

Interventionist not isolationist. Only idiots cannot tell the difference.

Ron Paul is the guy who DOESN’T want the USA or Israel to attack Iran.

Sat, 12/03/2011 - 15:35 | Link to Comment Heroic Couplet
Heroic Couplet's picture

I tell my Republican pals who are unemployed to confront Rush Limbaugh and ask him if a Republican is elected Nov 2012, when will they be employed again with salary and benefits.

My pals squirm and look embarrassed, so Rush, if youi're reading here, please, use an entire week of your 3 hour radio show to tell us exactly where the Republican tax cuts have created US jobs.

Ron Paul is nothing but a Republican fraud. The party that states they want small govenment, so why is Ron and his son, both of whom would have a comfortable living, even showing up in DC? To line their pockets with lobbyist money. Ron has accomplished exaclty zero in the US House and will accomplish nothing as president.

Sat, 12/03/2011 - 15:39 | Link to Comment bob_dabolina
bob_dabolina's picture

You realize that Ron Paul is the only member of Congress who opted out of the lucrative congressional pension plan right? 

And so what if Ron Paul has a comfortable living. He worked very hard as a doctor, he is entitled to live comfortably because he worked for it

What makes you think he's looking for lobbiest money?

Sat, 12/03/2011 - 15:49 | Link to Comment IAmNotMark
IAmNotMark's picture

Your basement is dark there buddy.  You should turn the lights on!

Your brain is clouded there buddy.  Maybe you should learn a bit about Ron Paul before you befoul yourself like you just did.  Your statements about Ron and Rand indicate you know exactly shit about them.

Sat, 12/03/2011 - 15:50 | Link to Comment TheAkashicRecord
TheAkashicRecord's picture

Ron Paul Paid $352 By Lobbyists, Boehner Paid $202,165, Pelosi Paid $695,282

http://tiny.cc/gatt6

Lobbyists pay millions to honor Congress, executive branch

http://tiny.cc/y48hc

"Facts do not cease to exist because they are ignored"

- Aldous Huxley 

Shut the fuck up, thank you, and good day sir.  

Sat, 12/03/2011 - 20:02 | Link to Comment Moe Howard
Moe Howard's picture

I gave Paul more than the lobbyists, $17.76 at a time.

Sat, 12/03/2011 - 15:55 | Link to Comment cbxer55
cbxer55's picture

Three hours? Since when? Of that whole three hours, Rush is probably on the air for one hour. And of that one hour, he is shilling for his sponsors for 10 minutes. I used to listen to him all of the time, but not anymore. Its all commercials and local news, and him shilling for his sponsors.

Most worthless three hours in history. Hope your reading this Rush, the excessive commercials lost you one regular listener. I liked you better when you were just on that one CA station.

ADIOS!

Sat, 12/03/2011 - 17:40 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Rush used to be DJ "Jeff Christie" on Pittsburgh's 1970s soft rock station 13Q.

Sat, 12/03/2011 - 15:56 | Link to Comment Revolution_star...
Revolution_starts_now's picture

"both of whom would have a comfortable living"

 

Ron is making a comfortable living because he was buying silver at 5 and gold at 250 when nobody wanted it.

Sat, 12/03/2011 - 16:13 | Link to Comment Implicit simplicit
Implicit simplicit's picture

You must be so twisted and corrupt that you can't imagine any good, or you were to lazy to do any research on Paul before you sputtered those words.

Sat, 12/03/2011 - 21:07 | Link to Comment Larry Dallas
Larry Dallas's picture

You have to love all th tough guys like this ass who come out on an... Wait for it... An anonymous blog to be so critical.

You think you can make a difference? Step up.

Asking a candidate or anyone when the exact moment is that jobs will imrpve is like trying to ask someone the exact moment gold will pass $2,000/oz.

Go home and practice, asshat

In the meantime, let the big dogs pee in the tall grass. No room for you here son.

Sat, 12/03/2011 - 21:11 | Link to Comment Larry Dallas
Larry Dallas's picture

You are NVA (no value added).

Sat, 12/03/2011 - 15:39 | Link to Comment the grateful un...
the grateful unemployed's picture

for those who like status quo outcomes there is no respite, as the possibility of several things which would make even SCOTUS unable to determine a winner. One is an election sufficiently brokered that no one has the electoral votes needed, in which case the election is thrown to the House of Reps.

be careful Cain might run just enough to help this scenario out. and I don't see anyone quitting, and even a few bystanders, like Sarah Palin willing to weigh in and at least win their own state (message fuck you mr obama, alaska chooses its own president, and really voters are in a message sending mood)

besides the chaos in  the GOP there is a possibility of a Democrat party coup, for those who study history 1968, when Humphery ran under a surrogate. in short the convention system is designed to prevent the first scenario when delegates who cannot win bargain for bits of the party plank and then commit to the likely winner. obama is notorious backstabber, and may find no takers.

bottom line should obama win the election with less than 50% of the vote he will have an uphill battle the rest of the way. and the party will have exposed some ugly wounds.

fasten you seatbelts its going to be a bumpy year

Sat, 12/03/2011 - 15:49 | Link to Comment bob_dabolina
bob_dabolina's picture

Lynn Chong, a former Democrat and Chair of the Belknap County Democrat Party discusses why she’s disappointed with Obama and switching her voter registration to vote for Ron Paul in the GOP Primary.

http://video.foxbusiness.com/v/1307033824001/

Sat, 12/03/2011 - 16:14 | Link to Comment monopoly
monopoly's picture

Is it possible, Ron Paul?, is there hope? One can dream. So far, they have not taken that away from us.

Sat, 12/03/2011 - 16:48 | Link to Comment Monedas
Monedas's picture

She took your black dick while you were boss.....but now look at her shit on ya ? That'll teach ya for messin' with a treacherous, white bitch ! You lied because you said she was your friend ? Bad judgement call ? Sabotaging your candidacy was not an act of friendship ! That was some expensive pussy !  Monedas 2011 Comedy Jihad And I Liked Your Tough Stand On Taxes ! PS I love white women and all the other flavors, too !

Sat, 12/03/2011 - 16:39 | Link to Comment tbone654
tbone654's picture

DEC 17th...  the day...

Sat, 12/03/2011 - 17:00 | Link to Comment Monedas
Monedas's picture

What's special about Dec. 17th, I'll bite ? The beginning of the 10 days of Armageddon ? No, Armageddon isn't even going to last a day.....if they do it up right !  Monedas 2011 Comedy Jihad Kiss Our Collective Asses Good Bye !

Sat, 12/03/2011 - 16:49 | Link to Comment sony1
sony1's picture

Send the nig back to Affrica.

Sat, 12/03/2011 - 16:59 | Link to Comment Monedas
Monedas's picture

Remember, in Easy Rider, when Jack Nicholson took a swig of hootch, flapped his chicken wings and said: "Nig ! Nig! Nig!" ?

Sat, 12/03/2011 - 17:12 | Link to Comment Jekyll On The Island
Jekyll On The Island's picture

The Original Dollar Crisis And How It Led To The 2011 Dollar Crisis -

To fully understand today's economic crisis and where we are heading, one must find the origin of this crisis -- the event or the culmination of events that put us down this path.

The origins of today's crisis can be traced all the way back to the 1944 Bretton Woods agreement. In 1944, world leaders and economists met to form a new world monetary
system for the post war era. With the Bretton Woods agreement, America became the reserve currency of the world, promising other nations they could redeem any dollars they
had for gold. While the dollar's value was set in gold, the other countries' currency valuations were fixed to the dollar. The value of the dollar was set at FDR's 1934 revaluation of
$35 per ounce of gold. Before FDR's revaluation, the dollar was stronger and was valued at $20.67 per ounce of gold.

However, this was not a true gold standard and it heavily favored the United States. In a true gold standard the currency is convertible by any one -- private citizen, foreign
central bank etc. -- whereas under the Bretton Woods agreement, only foreign central banks could convert their dollars to gold. It favored the United States because the US could
settle its foreign payments in dollars. Whereas other nations had to settle their foreign payments -- including any with the US -- in gold, so the US could simply print dollars and
send them overseas and keep doing this until when/if foreign central banks started demanding gold for their dollars. Under a true gold standard, all foreign payments by any
country would be settled in gold. Thus putting a limit on the number of dollars the Federal Reserve could print. Forcing balance of payments and trade responsibility, so as to the
outflow of gold is not greater than the inflow of gold.

After World War II, it didn't take the US long to find itself in war again, this time in Korea. War broke out on June 25, 1950. The Korean War escalated the Cold War between the US
and the Soviet Union; and as what would have been a civil war, turned into a proxy war between the two powers, with the US vowing to defeat communism at all costs. The war
ended on July 27, 1953 with an armistice, but the stage was set for the further escalation of the Cold War and the international currency crisis that would engulf the world in the
late 60s and in 1971, bring the collapse of the Bretton Woods agreement and the ensuing run on the dollar that pushed it to the brink of collapse and hyperinflation.

The three year Korean War set the stage for these events by the financial cost of the war and the actions -- which are still repeated this day -- taken to pay for the costs. Although
the US had a trade surplus, it had a balance of payments deficit which was due mainly to government spending on overseas expenditures, including military and foreign aid to
help rebuild Europe. The US Treasury issued new bonds which were then bought by The Federal Reserve with money printed out of thin air. By the year 1951, The Federal
Reserve had more US Treasury bonds on its balance sheet than it had in gold reserves. By 1958 these dollars were being exchanged for gold by foreign central banks at an
alarming rate. By the end of 1958 US gold reserves had fallen 9%.[1]

By October 1960, the outflow of gold from the United States was beginning to put upward pressure on the price of gold. Gold had just reached $40 per ounce in trading on The
London Gold Exchange that October, while the official price was still at $35 per ounce. In an effort to suppress the price of gold, the US, Great Britain, Germany, France, and
other western central banks, formed the London Gold Pool in 1961. If the price of gold neared $35.20, the group would dump gold onto the market in an effort to get gold back to
the official $35 price and if the price fell below $35, the group would buy gold to bring the price of gold back to $35.

By 1965 the outflow of gold was accelerating even more as the balance of payments deficit grew ever larger. Large tax cuts proposed by President Kennedy and passed after his
death by President Johnson in 1964 had taken effect. A massive full escalation of the Vietnam War had started, the space race with the Soviet Union was in full swing, and huge,
new entitlement spending on President Johnson's Great Society also had taken effect. As a result of the massive increase in government outlays, in 1967 total US foreign
liabilities had soared to $36 billion, while the US only had $12 billion in gold reserves -- only one third of total obligations.[2]

With the acceleration in the outflow of gold, the US increasingly attempted to forcefully control the outflow. In 1959 President Eisenhower made it illegal for Americans to buy gold
overseas. Before his death, President Kennedy proposed The Equalization Tax, which was passed after his death in 1964. The act was a new tax on foreign currency deposits to
prevent Americans from investing overseas. President Lyndon Johnson went as far as to discourage Americans from traveling. He stated "We may need to forgo the pleasures
of Europe for a while." And also, "I am asking the American people to defer, for the next two years, all non-essential travel outside the western hemisphere." And as a Time
magazine article from February 12, 1965 noted:[3]

"Martin, Douglas Dillon and Budget Director Kermit Gordon are lobbying for measures that would drastically affect the nation's foreign and domestic policies.
Among the proposals that one or all three of them have forwarded: an exit tag of $50 or $100 per person to discourage tourism abroad, direct controls on U.S.
investments abroad..."

Beginning in 1965, French President General Charles de Gaulle-- who by that time had made France an economic power house through austerity programs in which built up
France's gold reserves after he returned to power in 1958-- started demanding a reform of the international monetary system, a move back to the gold standard. As this February
12, 1965 Time article explains:[3]

"Perhaps never before had a chief of state launched such an open assault on the monetary power of a friendly nation. Nor had anyone of such stature made so
sweeping a criticism of the international monetary system since its founding in 1944. There was Charles de Gaulle last week proclaiming that the primacy of the
dollar in international dealings was finished, calling for an eventual return to the gold standard -which the world's nations scrapped 50 years ago - and
practically inviting other countries to follow France's lead and cash in their dollars for gold. It was a particularly nettling irritant just as the U.S. was deeply
involved in making some hard decisions about its monetary policy."

Time also wrote in the article that "past attempts to close the payments gap have been mere palliatives - and that the problem has begun to undermine U.S. influence around the
globe." And:[3]

"Just before De Gaulle spoke, Treasury Secretary Douglas Dillon made the first public admission that the U.S. payments deficit in 1964 moved higher than
anyone had expected. It totaled about $3billion, all of which the U.S. is legally committed to exchange for U.S. gold on demand. The Federal Reserve announced
that the U.S. gold supply declined last week by $100 million, to a 26-year low of 15.1 billion.

France converted $150 million into gold last month, plans another $150 million conversion soon. Following that lead, Spain has quietly exchanged $60 million of
its dollar reserves for U.S. gold-the biggest such transaction of the Franco era. To free more gold to meet rising demand, a congressional committee last week
approved President Johnson's proposal to eliminate the 25% gold backing now legally required for deposits held in the Federal Reserve System. But concern is
growing in Washington that nations that have so far refrained from converting dollars out of consideration for the U.S. may cash them in for gold once the extra
bullion becomes available-and thus send still more gold-laden truckloads rolling out of Fort Knox."

Unlike France, Great Britain's economy was already a disaster and was getting worse. Britain's external trade balance and general economic conditions were poor and was
getting worse.[2] With foreign obligations growing and a shrinking industrial base, fears began to fester the Bretton Woods agreement would be broken at the Pound Sterling link.
With fears of a Sterling crisis and a breakdown of the Bretton Woods agreement possible, causing France's Charles de Gaulle to push for an overhaul of the international
monetary system, de Gaulle was the target of several CIA-linked assassination attempts between 1965-1966.[6] After these attempts failed, de Gaulle's government was then a
target of destabilization which later succeeded in 1968.

Economist and historian William Engdahl gives a more detailed account in his 1992 (republished 2004) book, "A Century of War: Anglo-American Oil Politics And The New World
Order":

"After the war [World War II], under Bretton Woods, Britain, through her Sterling Bloc ties with colonies and former colonies, had been able to make the Pound
Sterling a strong currency, which in many parts of the world was regarded the equal of the dollar as a stable reserve currency. Member countries in
the British Commonwealth were required, among other "courtesies," to deposit their national gold and foreign exchange reserves in London and to maintain
Sterling balances in City of London British banks. Britain's quota share in the IMF was second only to that of the United States. Therefore, the Pound was
disproportionately important to the stability of the Bretton Woods dollar order in the 1960's, despite the clearly depleted condition of her economy.

During the 1960's England, like America, was a net exporter of financial funds to the rest of the world, despite the fact that her technologically stagnant
industrial base created increasing trade deficits. Continental European economies, through growth of trade within the new Common Market and their
productive advantages from strong investment in technology, grew vigorously.

Thus Britain's deficiencies and lack of new technological investment grew ever larger by comparison. The powerful financial interests of the City of London
again preferred to focus single- mindedly on drawing the world's financial flows into London banks by maintaining the highest interest rates of any major
industrial nation throughout the mid-1960's. Industry went into a slump, unable to borrow for needed technological innovations.

By 1967, the British position was alarming. Despite several large emergency borrowings from the IMF to help stabilize the Pound Sterling, British foreign
debts continued to grow, rising another $2 billion, or some 20% in that year alone. In January, 1967, de Gaulle's principal economic adviser, Jacques
Rueff, came to London to deliver a proposal for raising the official price of gold held by the leading industrial nations. The United States and Britain
continuously refused to hear such arguments, which would have meant a de facto devaluation of their currencies.

Throughout 1967, the Bank of England's gold reserves declined. Foreign creditors, sensing the obviously imminent devaluation of the weakening Pound,
scrambled to redeem paper for gold, which they calculated must rise in value. By June 1967, de Gaulle's government announced that France had withdrawn
from the American-instigated "Gold Pool." In 1961, under U.S. pressure, the central banks of ten leading industrial countries had created the Group of Ten
as it became known. In addition to the U.S., Britain, France, Germany, and Italy were added Holland, Belgium, Sweden, Canada, and Japan. The Group of
Ten had agreed in 1961 to pool reserves into a special fund, the Gold Pool, to be administered in London by the Bank of England. Under the arrangement,
a temporary remedy at best, as events revealed, the U.S. "central bank contributed only half the costs of continuing to maintain the world price of gold at the
artificially low $35/ounce of 1934. The other nine, plus Switzerland, agreed to pay the second half of such "emergency" interventions, on the
argument the situation would be temporary.

But the "emergency" had become chronic by 1967. Washington refused to bring its war spending deficits under control, and Sterling continued to weaken
along with the collapsing British economy. De Gaulle withdrew from the Gold Pool, not wanting to lose additional French central bank gold reserves to
the bottomless pit of interventions. The American and British financial press, led by the London Economist, began a heightened attack against
French policy.

But de Gaulle made one tactical blunder in the process. On January 31, 1967, a new law came into effect in France which allowed unlimited
convertibility for the French Franc. At the time, with French industrial growth among the strongest in Europe, and the Franc, backed by strong gold reserves,
one of the strongest currencies, convertibility was seen as a confirmation of France's successful economic policy since de Gaulle took office in 1958. It
was soon to become the Achilles heel which finished de Gaulle's France at the hands of Anglo-American financial interests.

French Prime Minister Georges Pompidou, in a public speech in February 1967, reaffirmed French adherence to a gold-backed monetary system as the
only way to avoid international manipulations, adding that the "international monetary system is functioning poorly because it gives advantages to
countries with a reserve currency (i.e., the United States): these countries can afford inflation without paying for it." In effect, the Johnson
administration and the Federal Reserve simply printed dollars and sent them abroad in place of its gold.

The lines were more sharply drawn over the course of 1967. France's central bank, determined to exchange its dollar and Sterling reserves for gold, left the
voluntary 1961 "gold pool" arrangement. Other central banks followed. The situation assumed near panic dimensions; some 80 tons of gold were sold on
the London market toward the end of the year in an unheard-of period of five days, in a failed effort to stop the speculative attack. Fear grew that the
entire Bretton Woods edifice was about to crack at the weakest link, the Pound Sterling.

By the second half of 1967, financial speculators were selling Pounds and buying dollars or other currencies which they then used to buy commercial gold in
all possible markets from Frankfurt to Pretoria, sparking a steep rise in the market price of gold, in contrast to the$35/ounce official U.S. dollar price. The
Sterling crisis indirectly focused attention on the growing vulnerability at the core of the international monetary system, the U.S. dollar itself.

By November 18, 1967, the British Labour government of Harold Wilson bowed to the inevitable, despite strong pressure from Washington, and announced
a 14% devaluation of Sterling from $2.80 down to $2.40 per Pound, the first devaluation since 1949. The Sterling crisis abated, but the dollar crisis was only
beginning.

Once Sterling was devalued, speculative pressures turned directly to the U.S. dollar at the end of 1967. International holders of dollars went to the New York
Federal Reserve Gold Discount Window and demanded their rightful gold in exchange. The market price of gold began an even steeper rise as a result,
despite efforts of the U.S. Federal Reserve to dump its gold reserves onto the market to stop the rise. Washington, under the sway of the powerful
dollar-based New York banks, adamantly refused to budge from the $35/ounce official valuation of gold. But the withdrawal of France, one of the
largest holders of gold, from the Group of Ten Gold Pool, had intensified Washington's problem. By the end of the year, Washington's official gold stock
declined another $1 billion, to only $12 billion.

De Gaulle is toppled

The crisis gathered momentum into 1968, and between March 8 and March 15 of that year the Gold Pool in London had to provide nearly 1,000 tons to hold the
gold price. The weighing-room floor, loaded with gold at the Bank of England, almost collapsed under the weight. U.S. Air Force planes had been
commandeered to rush gold in from the U.S. reserve at Fort Knox. On March 15, the U.S. requested a two-week closing of the London gold market.

By April, 1968, a special meeting of the Group of Ten was convened, in Stockholm, at Washington's request. U.S. officials planned to unveil yet another
scheme, the creation of a new "paper gold" substitute through the IMF, so-called Special Drawing Rights (SDRs), in an effort to postpone the day of
reckoning still further.

At the Stockholm gathering, designed to set the stage for official I MF adoption of the Washington SDR scheme at the upcoming IMF meeting the following
month, France defiantly blocked unanimous agreement, with France's Minister Michel Debre reasserting traditional French policy on a return to the original
rules of Bretton Woods. De Gaulle's adviser Rueff had repeatedly proposed a "shock" devaluation of the U.S. dollar of 100% against gold, which would have
been elegantly simple, would have doubled official U.S. gold reserves in dollar terms and would have been sufficient to allow the U.S. to convert the
approximate $10 billion of foreign held dollars, while still maintaining the value of its gold reserves as before. This would have been far more rational and
painless, in human terms, than what ensued from Washington's side. But tragically, it was not to result.

Within days of the French refusal to back Washington's SDR dollar bailout scheme, France itself was the target of the most serious political destabilization of
the postwar period. Beginning with leftist students at the University of Strasbourg, soon all of France was brought to a chaotic halt as students rioted and struck
across France. Coordinated with the political unrest (which, interestingly the French Communist Party attempted to calm down), U.S. and British investment
houses started a panic run on the French Franc which gained momentum as it was touted loudly in Anglo-American financial media.

The May 1968 student riots in France were the result of the vested London and New York financial interests in the one G-10 nation which continued to defy
their mandate. Taking advantage of the new French law allowing full currency convertibility, these financial houses began to cash in Francs for gold, draining
French gold reserves by almost 30% by the end of 1968, and bringing a full- blown crisis in the Franc.

Sadly, the counterattack of the Anglo-Americans succeeded. Within a year, de Gaulle was out of office and France's voice severely weakened. One of his last
meetings while still President in 1969, was with British Ambassador to France, Christopher Soames. Once again, the General told Soames, in a broad review of
French postwar policy, that Europe must be independent and that her independent stance had been profoundly compromised by the "pro-American" sentiments
of many European countries, most especially Britain.

One other country openly daring to defy the powerful financial interests of London and New York at this time was the largest gold-producer in the west, the
Republic of South Africa. During the early part of 1968, South Africa refused to sell its newly-mined gold for Pounds or dollars at the official price of $35/ounce.
France and South Africa had been holding talks to form a new gold basis for reforming the Bretton Woods monetary order. This provoked a U.S.-led central bank
boycott of South Africa, a move again repeated by the same interests almost exactly 20 years later, in the mid-1980's.

Despite the apparent decline of the French "threat," Washington and London's success was to prove a Pyrrhic victory."

The US Federal Reserve requested the London Gold Market be closed for two weeks on March 15, 1968. While the London Gold Market was closed, the Gold Pool was
dismantled. Upon the London Gold Market's reopening, gold rose to $39 per ounce.[1] On the same day, western central banks, led by the US Treasury Secretary Robert Fowler,
in what is known as the Washington Accord, announced the world's monetary reserves to be "sufficient" and no additional purchases or sales of gold by any central bank in any
market was needed.[1] Letters were sent to some 95 central banks asking them not to buy gold.[1] Fowler hoped that by boycotting South Africa, monetary demand for gold would
drop, thus forcing South Africa, producer of 77% of the non-Communist world's output of gold at the time[4], to dump its gold on markets in London and Switzerland and thus drive
the price down to the official $35-per-ounce level.

The boycott had no effect at first. As the price of gold by July 1968 was over $40 per ounce and by mid-1969 was approaching $44[1]. South Africa was able to pay for its imports
in several ways: In the three years prior to 1968, South Africa had run capital account surpluses; also, after the bear market bottom in 1966, South Africa saw huge foreign
currency inflows from bullish investors. South Africa was even able to sell some of its gold to western central banks despite the US led boycott. The Bank of Portugal broke the
central bank boycott and bought $145 million worth of gold in 1968 and another $120 million by mid 1969.[4] South Africa also sold gold to three Swiss banks, Credit Suisse,
Union Bank and Swiss Bank Corp.(apparently these three wanted Zurich to challenge London's status as the leading gold market in the world)[4]

South Africa even offered to sell gold to the IMF--which IMF rules stated the fund must buy all gold offered to it, by its members. South Africa offered the IMF 1 million ounces o
gold in May 1968, but the IMF deferred decision on the legality of gold purchases, with the US having 25% of the board votes.[1]

However, by mid 1969, South Africa was in desperate need of exporting its gold to pay for its imports. The Bull market in stocks that had started in 1966 had ended and investors
were increasingly shunning South Africa, who in the 2Q of 1969 had its first capital account deficit since 1965. As a result, South Africa began dumping gold on the market in
London. South Africa's reserves fell from $1.4 billion in May 1969 to $1.1 billion the following August. An estimated 20 tonnes of South African gold was hitting the market. This
dumping of gold on the markets was a disaster for gold prices. Gold prices would fall from $43.50 to $35 by the end of that October and all the way down to $34.80 on January
16, 1970.[1]

This decline was short lived however. By the end of 1970 gold was back to $37.50 per ounce, as the economic situation in the US deteriorated. For the first time in the 20th
century, the US had a trade deficit in 1970. This flood of new dollars to foreign countries would soon find their way back home in the form of gold demands; demand for gold the
US could not cover. By 1971, total US gold reserves had fallen to just $10 billion, while foreign central banks held some $80 billion -- eight times the total of US gold reserves.[5]

With the Vietnam War still raging and now not only a balance of payments deficit, but now also a trade deficit and a major economic recession looming, the Federal Reserve, in
the face of rising inflation and commodity prices in 1971, increased the money supply by 10%. Fearing massive inflation and no longer willing to prop up the dollar, inflation-leery
West Germany -- Wiemar Germany hyperinflated in the early 1920s -- pulled its Deutsche Mark from the Bretton woods agreement. This move actually strengthened the German
economy and also the Deutsche Marked as it appreciated some 7.5% vs. the dollar by August 1971.

The German withdrawal from the Bretton Woods agreement sparked panic and a currency crisis. By the end of June 1971, $22 billion in assets had left the US. Later, in July
1971, Switzerland redeemed $50 million for gold and one month later in August, pulled its Swiss Franc from the Bretton Woods agreement. At the same time, France redeemed
$191 million for gold by sending a French battleship to New York to take delivery of the gold from the Federal Reserve and to bring back to France.[5] Then, in a shocking move
on August 11, 1971, the British ambassador requested to redeem an astonishing $3 billion for gold -roughly one third of the total gold reserves of the US, at the time.[5] The same
day, Congress released a report recommending a devaluation of the dollar in an effort to protect the dollar from "foreign price-gougers."

It was too little, too late. The dollar was in a full blown crisis and was on the brink of collapse and hyperinflation as faith had been lost. So, on August 15, 1971 President Richard
Nixon, in an event that would come to known as the Nixon shock, unilaterally closed the US gold window and imposed a 90 day price and wage freeze along with a 10%
surcharge tax on imports. For the first time ever, America was on a full fiat paper system.

This concludes part one. The Bretton Woods agreement put us on this path and infected us wth an illness, an illness in which today has grown to monstrous proportions and has
us gasping for our last breaths. What is this illness and how did it contribute to America's first bankruptcy in 1971? How will it lead to the second and final currency crisis and
bankruptcy of the US?

I am currently working on part two and hope to have it finished and published in the coming weeks. Part two will take us through the post Bretton Woods era, from the high
inflation of the 70s and early 80s, to the Gordon Gekko era of greed in the mid-late 80s till today. The asset mania that engulfed the nation in the 90s and continues till this day
and the dot com bubble in the late 90s. And all the other events, manias, wars etc. over the last 10 years.

 

Part 2 - The Petro Dollar is born (Dollars backed by oil, not Gold)

The End of Dollar Hegemony
A hundred years ago it was called "dollar diplomacy." After World War II, and especially after the fall of the Soviet Union in 1989, that
policy evolved into "dollar hegemony." But after all these many years of great success, our dollar dominance is coming to an end.
It has been said, rightly, that he who holds the gold makes the rules. In earlier times it was readily accepted that fair and honest trade
required an exchange for something of real value.
First it was simply barter of goods. Then it was discovered that gold held a universal attraction, and was a convenient substitute for more
cumbersome barter transactions. Not only did gold facilitate exchange of goods and services, it served as a store of value for those who
wanted to save for a rainy day.
 
Though money developed naturally in the marketplace, as governments grew in power they assumed monopoly control over money.
Sometimes governments succeeded in guaranteeing the quality and purity of gold, but in time governments learned to outspend their
revenues. New or higher taxes always incurred the disapproval of the people, so it wasn't long before Kings and Caesars learned how to
inflate their currencies by reducing the amount of gold in each coin-- always hoping their subjects wouldn't discover the fraud. But the
people always did, and they strenuously objected.
This helped pressure leaders to seek more gold by conquering other nations. The people became accustomed to living beyond their means,
and enjoyed the circuses and bread. Financing extravagances by conquering foreign lands seemed a logical alternative to working harder
and producing more. Besides, conquering nations not only brought home gold, they brought home slaves as well. Taxing the people in
conquered territories also provided an incentive to build empires. This system of government worked well for a while, but the moral
decline of the people led to an unwillingness to produce for themselves. There was a limit to the number of countries that could be sacked
for their wealth, and this always brought empires to an end. When gold no longer could be obtained, their military might crumbled. In
those days those who held the gold truly wrote the rules and lived well.
That general rule has held fast throughout the ages. When gold was used, and the rules protected honest commerce, productive nations
thrived. Whenever wealthy nations-- those with powerful armies and gold-- strived only for empire and easy fortunes to support welfare at
home, those nations failed.
 
Today the principles are the same, but the process is quite different. Gold no longer is the currency of the realm; paper is. The truth now
is: "He who prints the money makes the rules"-- at least for the time being. Although gold is not used, the goals are the same: compel
foreign countries to produce and subsidize the country with military superiority and control over the monetary printing presses.
Since printing paper money is nothing short of counterfeiting, the issuer of the international currency must always be the country with
the military might to guarantee control over the system. This magnificent scheme seems the perfect system for obtaining perpetual wealth
for the country that issues the de facto world currency. The one problem, however, is that such a system destroys the character of the
counterfeiting nation's people-- just as was the case when gold was the currency and it was obtained by conquering other nations. And this
destroys the incentive to save and produce, while encouraging debt and runaway welfare.
The pressure at home to inflate the currency comes from the corporate welfare recipients, as well as those who demand handouts as
compensation for their needs and perceived injuries by others. In both cases personal responsibility for one's actions is rejected.
When paper money is rejected, or when gold runs out, wealth and political stability are lost. The country then must go from living beyond
its means to living beneath its means, until the economic and political systems adjust to the new rules-- rules no longer written by those
who ran the now defunct printing press.
 
"Dollar Diplomacy," a policy instituted by William Howard Taft and his Secretary of State Philander C. Knox, was designed to enhance
U.S. commercial investments in Latin America and the Far East. McKinley concocted a war against Spain in 1898, and (Teddy) Roosevelt's
corollary to the Monroe Doctrine preceded Taft's aggressive approach to using the U.S. dollar and diplomatic influence to secure U.S.
investments abroad. This earned the popular title of "Dollar Diplomacy."
The significance of Roosevelt's change was that our intervention now could be justified by the mere "appearance" that a country of
interest to us was politically or fiscally vulnerable to European control. Not only did we claim a right, but even an official U.S. government
"obligation" to protect our commercial interests from Europeans.
This new policy came on the heels of the "gunboat" diplomacy of the late 19th century, and it meant we could buy influence before
resorting to the threat of force. By the time the "dollar diplomacy" of William Howard Taft was clearly articulated, the seeds of American
empire were planted. And they were destined to grow in the fertile political soil of a country that lost its love and respect for the republic
bequeathed to us by the authors of the Constitution. And indeed they did. It wasn't too long before dollar "diplomacy" became dollar
"hegemony" in the second half of the 20th century.
This transition only could have occurred with a dramatic change in monetary policy and the nature of the dollar itself. Congress created
the Federal Reserve System in 1913. Between then and 1971
the principle of sound money was systematically undermined. Between 1913 and 1971, the Federal Reserve found it much easier to expand
the money supply at will for financing war or manipulating the economy with little resistance from Congress-- while benefiting the special
interests that influence government.
Dollar dominance got a huge boost after World War II. We were spared the destruction that so many other nations suffered, and our coffers
were filled with the world's gold. But the world chose not to return to the discipline of the gold standard, and the politicians applauded.
Printing money to pay the bills was a lot more popular than taxing or restraining unnecessary spending. In spite of the short-term benefits,
imbalances were institutionalized for decades to come.
The 1944 Bretton Woods agreement solidified the dollar as the preeminent world reserve currency, replacing the British pound. Due to our
political and military muscle, and because we had a huge amount of physical gold, the world readily accepted our dollar (defined as 1/35th
of an ounce of gold) as the world's reserve currency. The dollar was said to be "as good as gold," and convertible to all foreign central
banks at that rate. For American citizens, however, it remained illegal to own. This was a gold-exchange standard that from inception was
doomed to fail.
 
The U.S. did exactly what many predicted she would do. She printed more dollars for which there was no gold backing. But the world was
content to accept those dollars for more than 25 years with little question-- until the French and others in the late 1960s demanded we
fulfill our promise to pay one ounce of gold for each $35 they delivered to the U.S. Treasury. This resulted in a huge gold drain that
brought an end to a very poorly devised pseudo-gold standard.
It all ended on August 15, 1971, when Nixon closed the gold window and refused to pay out any of our remaining 280 million ounces of
gold. In essence, we declared our insolvency and everyone recognized some other monetary system had to be devised in order to bring
stability to the markets.
Amazingly, a new system was devised which allowed the U.S. to operate the printing presses for the world reserve currency with no
restraints placed on it-- not even a pretense of gold convertibility, none whatsoever! Though the new policy was even more deeply flawed, it
nevertheless opened the door for dollar hegemony to spread.
Realizing the world was embarking on something new and mind boggling, elite money managers, with especially strong support from U.S.
authorities, struck an agreement with OPEC to price oil in U.S. dollars exclusively for all worldwide transactions. This gave the dollar a
special place among world currencies and in essence "backed" the dollar with oil. In return, the U.S. promised to protect the various
oil-rich kingdoms in the Persian Gulf against threat of invasion or domestic coup. This arrangement helped ignite the radical Islamic
movement among those who resented our influence in the region. The arrangement gave the dollar artificial strength, with tremendous
financial benefits for the United States. It allowed us to export our monetary inflation by buying oil and other goods at a great discount as
dollar influence flourished.
 
This post-Bretton Woods system was much more fragile than the system that existed between 1945 and 1971. Though the dollar/oil
arrangement was helpful, it was not nearly as stable as the pseudo gold standard under Bretton Woods. It certainly was less stable than the
gold standard of the late 19th century.
During the 1970s the dollar nearly collapsed, as oil prices surged and gold skyrocketed to $800 an ounce. By 1979 interest rates of 21%
were required to rescue the system. The pressure on the dollar in the 1970s, in spite of the benefits accrued to it, reflected reckless budget
deficits and monetary inflation during the 1960s. The markets were not fooled by LBJ's claim that we could afford both "guns and butter."
Once again the dollar was rescued, and this ushered in the age of true dollar hegemony lasting from the early 1980s to the present. With
tremendous cooperation coming from the central banks and international commercial banks, the dollar was accepted as if it were gold.
Fed Chair Alan Greenspan, on several occasions before the House Banking Committee, answered my challenges to him about his
previously held favorable views on gold by claiming that he and other central bankers had gotten paper money-- i.e. the dollar system-- to
respond as if it were gold. Each time I strongly disagreed, and pointed out that if they had achieved such a feat they would have defied
centuries of economic history regarding the need for money to be something of real value. He smugly and confidently concurred with this.
In recent years central banks and various financial institutions, all with vested interests in maintaining a workable fiat dollar standard,
were not secretive about selling and loaning large amounts of gold to the market even while decreasing gold prices raised serious
questions about the wisdom of such a policy. They never admitted to gold price fixing, but the evidence is abundant that they believed if the
gold price fell it would convey a sense of confidence to the market, confidence that they indeed had achieved amazing success in turning
paper into gold.
 
Increasing gold prices historically are viewed as an indicator of distrust in paper currency. This recent effort was not a whole lot different
than the U.S. Treasury selling gold at $35 an ounce in the 1960s, in an attempt to convince the world the dollar was sound and as good as
gold. Even during the Depression, one of Roosevelt's first acts was to remove free market gold pricing as an indication of a flawed monetary
system by making it illegal for American citizens to own gold. Economic law eventually limited that effort, as it did in the early 1970s
when our Treasury and the IMF tried to fix the price of gold by dumping tons into the market to dampen the enthusiasm of those seeking a
safe haven for a falling dollar after gold ownership was re-legalized.
Once again the effort between 1980 and 2000 to fool the market as to the true value of the dollar proved unsuccessful. In the past 5 years
the dollar has been devalued in terms of gold by more than 50%. You just can't fool all the people all the time, even with the power of the
mighty printing press and money creating system of the Federal Reserve.
Even with all the shortcomings of the fiat monetary system, dollar influence thrived. The results seemed beneficial, but gross distortions
built into the system remained. And true to form, Washington politicians are only too anxious to solve the problems cropping up with
window dressing, while failing to understand and deal with the underlying flawed policy.
Protectionism, fixing exchange rates, punitive tariffs, politically motivated sanctions, corporate subsidies, international trade
management, price controls, interest rate and wage controls, super-nationalist sentiments, threats of force, and even war are resorted to-all
to solve the problems artificially created by deeply flawed monetary and economic systems.
In the short run, the issuer of a fiat reserve currency can accrue great economic benefits. In the long run, it poses a threat to the country
issuing the world currency. In this case that's the United States. As long as foreign countries take our dollars in return for real goods, we
come out ahead. This is a benefit many in Congress fail to recognize, as they bash China for maintaining a positive trade balance with us.
But this leads to a loss of manufacturing jobs to overseas markets, as we become more dependent on others and less self-sufficient. Foreign
countries accumulate our dollars due to their high savings rates, and graciously loan them back to us at low interest rates to finance our
excessive consumption.
 
It sounds like a great deal for everyone, except the time will come when our dollars-- due to their depreciation-- will be received less
enthusiastically or even be rejected by foreign countries. That could create a whole new ballgame and force us to pay a price for living
beyond our means and our production. The shift in sentiment regarding the dollar has already started, but the worst is yet to come.
The agreement with OPEC in the 1970s to price oil in dollars has provided tremendous artificial strength to the dollar as the preeminent
reserve currency. This has created a universal demand for the dollar, and soaks up the huge number of new dollars generated each year.
Last year alone M3 increased over $700 billion.
The artificial demand for our dollar, along with our military might, places us in the unique position to "rule" the world without productive
work or savings, and without limits on consumer spending or deficits. The problem is, it can't last.Price inflation is raising its ugly head,
and the NASDAQ bubble-- generated by easy money-- has burst. The housing bubble likewise created is deflating. Gold prices have
doubled, and federal spending is out of sight with zero political will to rein it in. The trade deficit last year was over $728 billion. A $2
trillion war is raging, and plans are being laid to expand the war into Iran and possibly Syria. The only restraining force will be the world's
rejection of the dollar. It's bound to come and create conditions worse than 1979-1980, which required 21% interest rates to correct. But
everything possible will be done to protect the dollar in the meantime. We have a shared interest with those who hold our dollars to keep
the whole charade going.
 
Greenspan, in his first speech after leaving the Fed, said that gold prices were up because of concern about terrorism, and not because of
monetary concerns or because he created too many dollars during his tenure. Gold has to be discredited and the dollar propped up. Even
when the dollar comes under serious attack by market forces, the central banks and the IMF surely will do everything conceivable to soak
up the dollars in hope of restoring stability. Eventually they will fail.
Most importantly, the dollar/oil relationship has to be maintained to keep the dollar as a preeminent currency. Any attack on this
relationship will be forcefully challenged-as it already has been.
In November 2000 Saddam Hussein demanded Euros for his oil.
His arrogance was a threat to the dollar; his lack of any military might was
never a threat. At the first cabinet meeting with the new administration in 2001, as reported by Treasury Secretary Paul O'Neill, the
major topic was how we would get rid of Saddam Hussein-- though there was no evidence whatsoever he posed a threat to us. This deep
concern for Saddam Hussein surprised and shocked O'Neill.
It now is common knowledge that the immediate reaction of the administration after 9/11 revolved around how they could connect Saddam
Hussein to the attacks, to justify an invasion and overthrow of his government. Even with no evidence of any connection to 9/11, or evidence
of weapons of mass destruction, public and congressional support was generated through distortions and flat out misrepresentation of the
facts to justify overthrowing Saddam Hussein.
 
There was no public talk of removing Saddam Hussein because of his attack on the integrity of the dollar as a reserve currency by selling
oil in Euros. Many believe this was the real reason for our obsession with Iraq.
I doubt it was the only reason, but it may well have played a significant role in our motivation to wage war. Within a very short period after
the military victory, all Iraqi oil sales were carried out in dollars. The Euro was abandoned.
In 2001, Venezuela's ambassador to Russia spoke of Venezuela switching to the Euro for all their oil sales. Within a year there was a coup
attempt against Chavez, reportedly with assistance from our CIA.
 
After these attempts to nudge the Euro toward replacing the dollar as the world's reserve currency were met with resistance, the sharp fall
of the dollar against the Euro was reversed. These events may well have played a significant role in maintaining dollar dominance.
It's become clear the U.S. administration was sympathetic to those who plotted the overthrow of Chavez, and was embarrassed by its
failure. The fact that Chavez was democratically elected had little influence on which side we supported.
Now, a new attempt is being made against the petrodollar system. Iran, another member of the "axis of evil," has announced her plans to
initiate an oil bourse in March of this year. Guess what, the oil sales will be priced Euros, not dollars.
Most Americans forget how our policies have systematically and needlessly antagonized the Iranians over the years. In 1953 the CIA
helped overthrow a democratically elected president, Mohammed Mossadeqh, and install the authoritarian Shah, who was friendly to the
U.S. The Iranians were still fuming over this when the hostages were seized in 1979.
Our alliance with Saddam Hussein in his invasion of Iran in the early 1980s did not help matters, and obviously did not do much for our
relationship with Saddam Hussein. The administration announcement in 2001 that Iran was part of the axis of evil didn't do much to
improve the diplomatic relationship between our two countries.
 
Recent threats over nuclear power, while ignoring the fact that they are surrounded by countries with nuclear weapons, doesn't seem to
register with those who continue to provoke Iran. With what most Muslims perceive as our war against Islam, and this recent history,
there's little wonder why Iran might choose to harm America by undermining the dollar. Iran, like Iraq, has zero capability to attack us.
But that didn't stop us from turning Saddam Hussein into a modern day Hitler ready to take over the world. Now Iran, especially since
she's made plans for pricing oil in Euros, has been on the receiving end of a propaganda war not unlike that waged against Iraq before our
invasion.
 
It's not likely that maintaining dollar supremacy was the only motivating factor for the war against Iraq, nor for agitating against Iran.
Though the real reasons for going to war are complex, we now know the reasons given before the war started, like the presence of weapons
of mass destruction and Saddam Hussein's connection to 9/11, were false. The dollar's importance is obvious, but this does not diminish the
influence of the distinct plans laid out years ago by the neo-conservatives to remake the Middle East. Israel's influence, as well as that of
the Christian Zionists, likewise played a role in prosecuting this war. Protecting "our" oil supplies has influenced our Middle East policy
for decades.
But the truth is that paying the bills for this aggressive intervention is impossible the old fashioned way, with more taxes, more savings,
and more production by the American people. Much of the expense of the Persian Gulf War in 1991 was shouldered by many of our willing
allies. That's not so today. Now, more than ever, the dollar hegemony-- it's dominance as the world reserve currency-- is required to
finance our huge war expenditures.
 
This $2 trillion never-ending war must be paid for, one way or another. Dollar hegemony provides the vehicle to do just that.For the most
part the true victims aren't aware of how they pay the bills.
The license to create money out of thin air allows the bills to be paid through price inflation. American citizens, as well as average citizens
of Japan, China, and other countries suffer from price inflation, which represents the "tax" that pays the bills for our military adventures.
That is until the fraud is discovered, and the foreign producers decide not to take dollars nor hold them very long in payment for their
goods. Everything possible is done to prevent the fraud of the monetary system from being exposed to the masses who suffer from it. If oil
markets replace dollars with Euros, it would in time curtail our ability to continue to print, without restraint, the world's reserve currency.
It is an unbelievable benefit to us to import valuable goods and export depreciating dollars. The exporting countries have become addicted
to our purchases for their economic growth. This dependency makes them allies in continuing the fraud, and their participation keeps the
dollar's value artificially high. If this system were workable long term, American citizens would never have to work again. We too could
enjoy "bread and circuses" just as the Romans did, but their gold finally ran out and the inability of Rome to continue to plunder
conquered nations brought an end to her empire.
 
The same thing will happen to us if we don't change our ways. Though we don't occupy foreign countries to directly plunder, we
nevertheless have spread our troops across 130 nations of the world. Our intense effort to spread our power in the oil-rich Middle East is
not a coincidence. But unlike the old days, we don't declare direct ownership of the natural resources-- we just insist that we can buy what
we want and pay for it with our paper money. Any country that challenges our authority does so at great risk.
Once again Congress has bought into the war propaganda against Iran, just as it did against Iraq. Arguments are now made for attacking
Iran economically, and militarily if necessary. These arguments are all based on the same false reasons given for the ill-fated and costly
occupation of Iraq.
 
Our whole economic system depends on continuing the current monetary arrangement, which means recycling the dollar is crucial.
Currently, we borrow over $700 billion every year from our gracious benefactors, who work hard and take our paper for their goods. Then
we borrow all the money we need to secure the empire (DOD budget $450 billion) plus more. The military might we enjoy becomes the
"backing" of our currency. There are no other countries that can challenge our military superiority, and therefore they have little choice
but to accept the dollars we declare are today's "gold."
This is why countries that challenge the system-- like Iraq, Iran and Venezuela-- become targets of our plans for regime change.Ironically,
dollar superiority depends on our strong military, and our strong military depends on the dollar. As long as foreign recipients take our
dollars for real goods and are willing to finance our extravagant consumption and militarism, the status quo will continue regardless of
how huge our foreign debt and current account deficit become.
 
But real threats come from our political adversaries who are incapable of confronting us militarily, yet are not bashful about confronting
us economically. That's why we see the new challenge from Iran being taken so seriously. The urgent arguments about Iran posing a
military threat to the security of the United States are no more plausible than the false charges levied against Iraq. Yet there is no effort to
resist this march to confrontation by those who grandstand for political reasons against the Iraq war.
It seems that the people and Congress are easily persuaded by the jingoism of the preemptive war promoters. It's only after the cost in
human life and dollars are tallied up that the people object to unwise militarism.
The strange thing is that the failure in Iraq is now apparent to a large majority of American people, yet they and Congress are acquiescing
to the call for a needless and dangerous confrontation with Iran.
But then again, our failure to find Osama bin Laden and destroy his network did not dissuade us from taking on the Iraqis in a war totally
unrelated to 9/11.
 
Concern for pricing oil only in dollars helps explain our willingness to drop everything and teach Saddam Hussein a lesson for his
defiance in demanding Euros for oil instead of dollars. That was his only blunder or he would still be ruling Iraq today. If Saddam had
just kept accepting dollars for his oil there is no doubt that the USA would have left him alone. When we took Iraq by force the first official
act was to start trading oil using only dollars once again which they indeed now do as I give this speech.
The private corporation for profit called the Federal Reserve Bank needed Saddam removed from power so it could keep the American
people paying over one trillion dollars a year to a national debit that does not need to exist in the first place. The federal government can
print interest free money by simply using the US treasury to print it debit free yet this fraudulent corporation called the Federal Reserve Bank continues
to extort over one trillion dollars a year in interest from the purses and wallets of the American people. Saddum by demanding euros for his oil was major
threat to the stability of the Federal Reserve Banks junk money and their entire scam. When the Federal Reserve Bank is finally abolished and the U.S.
treasury once again takes over the job of printing debit free money we will look back and see the Federal Reserve Bank as the crime of the century.
$54,000,000,000,000 in tax payer dollars stolen by a private bank incorporated in Delaware, charging interest on money it pulls out of thin air.
The network of corruption needed to keep Federal Reserve Bank alive and well at this late date is simply mind boggling.
 
And once again there's this urgent call for sanctions and threats of force against Iran at the precise time Iran is opening a new oil
exchange with all transactions in Euros.
Using force to compel people to accept money without real value can only work in the short run. It ultimately leads to economic dislocation,
both domestic and international, and always ends with a price to be paid.
The economic law that honest exchange demands only things of real value as currency cannot be repealed. The chaos that one day will
ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is
approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or Euros. The sooner the better.

Sat, 12/03/2011 - 17:19 | Link to Comment dumpster
dumpster's picture

who is going to read that long horse crap copy paste deal

just post the url..

and let some one decide if they want to read .

your post is positive that nobody reads ..

who wants to get tied down with long horse shit posts even if it important .lol

Sat, 12/03/2011 - 17:41 | Link to Comment OttoMBMP
OttoMBMP's picture

It looks like an interesting text.
But I would also like to know the source ...

Sun, 12/04/2011 - 03:21 | Link to Comment UP Forester
UP Forester's picture

Source is probably some bureaucrat pontificating in between porn sites.

By my calculations, 1944 is 31 years after the train went off the rails.

Sat, 12/03/2011 - 17:19 | Link to Comment bob_dabolina
bob_dabolina's picture

Post a fuckin' link.

TLDR

Sat, 12/03/2011 - 17:44 | Link to Comment Temporalist
Temporalist's picture

Hey reTard go get a hobby

Sat, 12/03/2011 - 18:48 | Link to Comment Hulk
Hulk's picture

Word # 56,942 is spelled incorrectly...

Sun, 12/04/2011 - 17:54 | Link to Comment falak pema
falak pema's picture

TY for a very enjoyable and informative read. Very detailed.

Sat, 12/03/2011 - 17:33 | Link to Comment entropos
entropos's picture

We all wondered about Herman's grin in that ad.

http://www.youtube.com/watch?feature=player_embedded&v=wI9PUSh6kGw

Sat, 12/03/2011 - 20:28 | Link to Comment Mauibrad
Mauibrad's picture

LOL!  FU Herman!

Sat, 12/03/2011 - 17:49 | Link to Comment John McCloy
John McCloy's picture

Ron Paul is going to win or come damn near close in 2012. None of the other candidates can walk between the moral and economic raindrops like Ron Paul. And once again I repeat they are terrified of him running 3rd party because it will 1) Assure Pres. O wins because of this allegiance. 2) Force a 3 sided debate in the upcoming election as evidence by yesterday on Wolf Blitzer once again a loaded question about, "Rn Paul running for 3rd party will hand the crown to Obama and is selfish"

  You have to love it. As he has stated before he swore a vow to the constitution and not a party. Now knowing that they cannot win a GOP election without Ron Paul supporters we are seeing more support for Ron Paul and attempts to back him into a corner for future sound bites on "Not running as a 3rd party"

    I will leave you with this. Peyton Hillis (Cleveland Browns Running Back, Cover of Madden 2012( dons Ron Paul apparel to give interview. So with Cain out it is only a matter of time before the GOP establishment tosses in Christie or Paul Ryan to dilute the field and prevent a debate in which Dr. Paul's message is heard. They need constant drama and new entries so within the month after Iowa expect Christie to announce or Palin to get involved to take the circus away from Paul and onto herself.

 

Peyton Hillis ~ I support Ron Paul

Sat, 12/03/2011 - 19:26 | Link to Comment ramblinon
ramblinon's picture

You're precious. Never change!

Sat, 12/03/2011 - 18:16 | Link to Comment Dr. Gonzo
Dr. Gonzo's picture

I will vote for no presidential candidate other than Ron Paul. It would be equally displeasing to me for Neo Con Newt or War Monger Obama to hold this position. 

Sat, 12/03/2011 - 21:27 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

How can "War Monger Obama" sound so appropriate?

Sun, 12/04/2011 - 00:46 | Link to Comment tictawk
tictawk's picture

Wa monga Obama

Sat, 12/03/2011 - 18:16 | Link to Comment Zola
Zola's picture

Isnt there free money on Cain right now ? https://intrade.com/v4/markets/contract/?contractId=753309

Sat, 12/03/2011 - 18:35 | Link to Comment Madhouse
Madhouse's picture

Whew. I thought Palin, Bachmann and Perry were the dumbest circus freaks I had seen in years. Turns out it was Cain who was the winner - he somehow believed a thirteen year affair would never surface. What a fuckin idiot. Dodged another bullet..

Sat, 12/03/2011 - 18:52 | Link to Comment Mike Cowan
Mike Cowan's picture

I like Cain, the electric lynching was tough to watch.

Sat, 12/03/2011 - 20:32 | Link to Comment Mauibrad
Mauibrad's picture

And to think that presumptuous F--ker through he deserved our expense of Secret Service protection before all others.  You're a FAKE, and a waste of the American people's time and money, Herman!

Sat, 12/03/2011 - 19:25 | Link to Comment ramblinon
ramblinon's picture

Serious volume on that Ron Paul move!!!!!!!!!  Surely this is a sign that the Ron Paul Revolution is here!!!!!  3rd place in Iowa, here we come!!!

Sat, 12/03/2011 - 19:27 | Link to Comment indio007
indio007's picture

Seeing Cain worked for the FED he was DOA anyway you cut it.

 

Sat, 12/03/2011 - 20:21 | Link to Comment bigkahuna
bigkahuna's picture

Elect Ron Paul.

Sat, 12/03/2011 - 20:47 | Link to Comment Campagnolo
Campagnolo's picture

is this nigga Cain the same one that was talking shit about inmigrants?, in a country where at least 95% of his negritos live for free, thanks to social programs?. In a country of circus and clowns this Cain guy is a professional.

Sat, 12/03/2011 - 22:19 | Link to Comment SwingForce
SwingForce's picture

I owned stock ( I worked for) CHART HOUSE who was the largest franchisee of BK's Chart House & owned the BK in Manassas VA where I met Diane Gregor who bot the 8 "out of town" tickets to Pink Floyd's THE WALL concert at Nassau Coliseum in 1980 that Dad & I stopped off to get on a trip to Daytona in my blue Pontiac Formula....(somebody write a book please)

http://en.wikipedia.org/wiki/Burger_King_franchises

I came back to NY in 1977 and worked for Barry Florescue who took control of Horn & Hardart and turned them into double-decker Burger Kings. The stock + warrants paid for the afore-mentioned blue car.

HISTORY & I WAS THERE:
Chart House bought Godfather's Pizza from WILLIE THEISEN " I can't believe they just paid that much" NOT Pillsbury http://en.wikipedia.org/wiki/Godfather's_Pizza
Chart House changed their name to DIVERSIFOODS, Willie Theisen walks with $Milionz
Barry Florescue personally owns 7 additional BK's beyond H&H, that's where I got hired Coram NY #2044
DON SMITH from McDonald's takes over the helm at BK and thinks he's the shit, Barry sues everybody and stocks up on pallets of paper whopper wrap because the new boxes were too expensive.
I kicked ass at Barry's BK's from day 1, from Coram to Stoney Brook to Shirley on Thanksgiving (Carol?)
H&H made a buyout offer for DFDI and funny thing, Pillsbury Corp (who owned the parent Burger King, not the franchises) Stepped up and bid $1 per share higher
Barry made $6 million dollars that day at $1 per share higher.Fuck the whoppers, its all about the Benjamins......
Anyway, Godfatherz went to Pillsbury and Pillsbury was bought by Grand Metropolitan and where HERMAN CAIN came in? I have no fucking clue.When I worked for these guys, we were Teppers "Balls to the Walls" we sweat & moved like no other, to feed hungry people. Fresh not frozen beef patties, made to order, single serpentine customer lines, there was no time for sexual harrassment- there was nobody on the sidelines who was not working their ass off cooking, serving, ready to be sexually harassed or exploited.

When did Herman Cain come into the picture? I have no idea. Not when Chart House was kicking ass, not when Pillsbury & HH/ Barry Florescue was looking to buy them out.
Sad to see Herman Cain go, but what did he really ever do for the company? Who owned the company when he worked there? Billy & Jimmy TROTTER would have come forth in the future, had not these women of dubious consent. These women are sluts- do they think they tarnish Herman? They humiliate themselves.

Gotta read CREATURE FROM JEKYLL ISLAND
https://docs.google.com/leaf?id=0B3-C4NLkRQu7MTUwYzUxM2QtYjU1NS00N2UyLWJ...
DOWNLOAD, then click download anyway. Its unbelievable how G. Edward Griffin wrote the script for what happened 14 years later.

Sat, 12/03/2011 - 23:11 | Link to Comment Godisanhftbot
Godisanhftbot's picture

Cain spent too much time chasing tail, uh, his own tail?

Sat, 12/03/2011 - 23:38 | Link to Comment earleflorida
earleflorida's picture

aliittle mitt,... alittle 'bain', makes 'wells fargo', feel no shame?

http://www.moneyteachers.org/Wells+Fargo+Racism.html

Sun, 12/04/2011 - 01:09 | Link to Comment Grand Supercycle
Grand Supercycle's picture

SP500 bull vs bear battle reverts to bearish bias after price action on Friday and more downside expected.

My long term indicators have continued to warn of US Dollar strength and EURO weakness and these signals have increased since 2009. The overdue dollar rally should be substantial.

http://stockmarket618.wordpress.com

Sun, 12/04/2011 - 03:30 | Link to Comment UP Forester
UP Forester's picture

My short term indicators show that this cut & paste has been seen on other threads.

And the real grand supercycle, not just the Maunder Minimum, but the 11,500 year Ice Age cycle, is due right about.... now.

Sun, 12/04/2011 - 01:38 | Link to Comment lasvegaspersona
lasvegaspersona's picture

If Ron Paul gets enough votes he will be elected...simple see...

If you care about liberty then get to work and help out, send a few bucks his way and start telling friends and family. I'm a doctor and by Republican primary day I will have told about 300 people I am supporting Ron Paul. People NEED to hear normal folks with regular lives say they support him and why. The other day I had a middle aged black lady in and we got to talking politics. I was surprised that she was more than mininmally aware of the issues involved in the global financial crisis. I will be surprised if she votes for RP but there was no hostility and she agreed that he is the only candidate to even discuss the root causes of our grief.

Quit saying it can't be done and make it happen.

 

Ron Paul 2012

Sun, 12/04/2011 - 09:50 | Link to Comment Fred C Dobbs
Fred C Dobbs's picture

I sent Ron Paul a check for $200 Friday.  This is my second $200 check to his campaign.  People here that like him should consider doing the same.  

 

 

Do NOT follow this link or you will be banned from the site!