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Ron Paul: "Blame The Fed For The Financial Crisis"

Tyler Durden's picture


An OpEd from the only sane person in Washington, written for the Wall Street Journal

Blame the Fed for the Financial Crisis

The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control

To know what is wrong with the Federal Reserve, one must first understand the nature of money. Money is like any other good in our economy that emerges from the market to satisfy the needs and wants of consumers. Its particular usefulness is that it helps facilitate indirect exchange, making it easier for us to buy and sell goods because there is a common way of measuring their value. Money is not a government phenomenon, and it need not and should not be managed by government. When central banks like the Fed manage money they are engaging in price fixing, which leads not to prosperity but to disaster.

The Federal Reserve has caused every single boom and bust that has occurred in this country since the bank's creation in 1913. It pumps new money into the financial system to lower interest rates and spur the economy. Adding new money increases the supply of money, making the price of money over time—the interest rate—lower than the market would make it. These lower interest rates affect the allocation of resources, causing capital to be malinvested throughout the economy. So certain projects and ventures that appear profitable when funded at artificially low interest rates are not in fact the best use of those resources.

Eventually, the economic boom created by the Fed's actions is found to be unsustainable, and the bust ensues as this malinvested capital manifests itself in a surplus of capital goods, inventory overhangs, etc. Until these misdirected resources are put to a more productive use—the uses the free market actually desires—the economy stagnates.

The great contribution of the Austrian school of economics to economic theory was in its description of this business cycle: the process of booms and busts, and their origins in monetary intervention by the government in cooperation with the banking system. Yet policy makers at the Federal Reserve still fail to understand the causes of our most recent financial crisis. So they find themselves unable to come up with an adequate solution.

In many respects the governors of the Federal Reserve System and the members of the Federal Open Market Committee are like all other high-ranking powerful officials. Because they make decisions that profoundly affect the workings of the economy and because they have hundreds of bright economists working for them doing research and collecting data, they buy into the pretense of knowledge—the illusion that because they have all these resources at their fingertips they therefore have the ability to guide the economy as they see fit.

Nothing could be further from the truth. No attitude could be more destructive. What the Austrian economists Ludwig von Mises and Friedrich von Hayek victoriously asserted in the socialist calculation debate of the 1920s and 1930s—the notion that the marketplace, where people freely decide what they need and want to pay for, is the only effective way to allocate resources—may be obvious to many ordinary Americans. But it has not influenced government leaders today, who do not seem to see the importance of prices to the functioning of a market economy.

The manner of thinking of the Federal Reserve now is no different than that of the former Soviet Union, which employed hundreds of thousands of people to perform research and provide calculations in an attempt to mimic the price system of the West's (relatively) free markets. Despite the obvious lesson to be drawn from the Soviet collapse, the U.S. still has not fully absorbed it.

The Fed fails to grasp that an interest rate is a price—the price of time—and that attempting to manipulate that price is as destructive as any other government price control. It fails to see that the price of housing was artificially inflated through the Fed's monetary pumping during the early 2000s, and that the only way to restore soundness to the housing sector is to allow prices to return to sustainable market levels. Instead, the Fed's actions have had one aim—to keep prices elevated at bubble levels—thus ensuring that bad debt remains on the books and failing firms remain in business, albatrosses around the market's neck.

The Fed's quantitative easing programs increased the national debt by trillions of dollars. The debt is now so large that if the central bank begins to move away from its zero interest-rate policy, the rise in interest rates will result in the U.S. government having to pay hundreds of billions of dollars in additional interest on the national debt each year. Thus there is significant political pressure being placed on the Fed to keep interest rates low. The Fed has painted itself so far into a corner now that even if it wanted to raise interest rates, as a practical matter it might not be able to do so. But it will do something, we know, because the pressure to "just do something" often outweighs all other considerations.

What exactly the Fed will do is anyone's guess, and it is no surprise that markets continue to founder as anticipation mounts. If the Fed would stop intervening and distorting the market, and would allow the functioning of a truly free market that deals with profit and loss, our economy could recover. The continued existence of an organization that can create trillions of dollars out of thin air to purchase financial assets and prop up a fundamentally insolvent banking system is a black mark on an economy that professes to be free.


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Fri, 10/21/2011 - 13:17 | 1797601 Ahmeexnal
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RP about to suffer an accident in 3...2...1...

Fri, 10/21/2011 - 13:17 | 1797609 camaro68ss
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News cast- " RPs car exploded today, falty wiring is to blame"

Fri, 10/21/2011 - 13:22 | 1797628 Pladizow
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Because America always gets the president it deserves, RP will not be elected!

Fri, 10/21/2011 - 13:25 | 1797642 Quixotic_Not
Quixotic_Not's picture

I personally don't think MeriKan wants an HONEST man in the WH, I think most 'MeriKans want someone that will promise them a piece of the Ponzi pie...

Fri, 10/21/2011 - 13:28 | 1797653 Shell Game
Shell Game's picture

So true..  Let's hope a highly motivated, irate minority will lead away from collectivism.

Fri, 10/21/2011 - 13:31 | 1797672 Troll Magnet
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That's the biggest problem with America.  For some reason, our own stupids believe that just because TPTB keep telling them that "We are the greatest/wealthiest nation on earth," they think they are all personally wealthy and that somehow their own "wealth," aka food stamps and gubmint checks, are at risk by truth-tellers like Ron Paul or some unknown threats from impotent countries like Iran.  If they would just wake up and see what's being done to them by the crooks they elect to office, they'd riot.  

Fri, 10/21/2011 - 13:35 | 1797691 Dr. Richard Head
Dr. Richard Head's picture

Hyperinflation will allow for Americant hindsight to kick in.  Unfortunately it will be too late to stop this watershed moment, but at least liberty will have ea seat at the discussion table?

Fri, 10/21/2011 - 13:36 | 1797692 Dr. Richard Head
Dr. Richard Head's picture


Fri, 10/21/2011 - 15:39 | 1798260 traderjoe
traderjoe's picture

If people understood the monetary system, there'd be revolution by the morning.

- Henry Ford (paraphrased).

Fri, 10/21/2011 - 19:22 | 1799015 UP Forester
UP Forester's picture

Paraphrasing Hermann Goering:  The bigger the lie, the more the masses will believe it.

Fri, 10/21/2011 - 23:14 | 1799466 Al Gorerhythm
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  “It is well enough that the people of this nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford

Fri, 10/21/2011 - 13:33 | 1797677 macholatte
macholatte's picture

The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control.......

That premise is incorrect because it defies logic and argues that the PTB is a bunch of fools. Change it to this and suddenly the mosaic comes into focus:

The Fed understands that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control.......

Fri, 10/21/2011 - 13:37 | 1797702 redpill
redpill's picture

It's hard to know exactly what they believe reality to be when they are trying to view the world through the hopelessly smudged glasses of Keynesianism.

Fri, 10/21/2011 - 13:57 | 1797801 macholatte
macholatte's picture

RP is being as diplomatic as he can be and providing excuses for the sheeple working at the Fed. Let us hope that some of the Fed sheeple have actually attempted to think for themselves and begun to question the motives of their supervisors.  Nevertheless, here are a couple more pieces of the puzzle:

Yet policy makers at the Federal Reserve still fail to understand the causes of our most recent financial crisis. So they find themselves unable to come up with an adequate solution.


When revised becomes…

policy makers at the Federal Reserve understand the causes of our most recent financial crisis. So they find themselves unable to come up with an adequate charade to continue the looting of the country.



...the illusion that because they have all these resources at their fingertips they therefore have the ability to guide the economy as they see fit.


When revised becomes…

...because of government sanction they have all these resources at their fingertips and they therefore have the ability to guide the economy as they see fit


Fri, 10/21/2011 - 14:13 | 1797863 maddogs
maddogs's picture

The Fed fully understands the carot and stick. Thru out it's history, the stick has been feared, even internally. The carrot of having a retirement plan, vested, after 5 years is pretty hard to beat,, subject to signing a full non disclose...kinda like Goldman Sachs non-disclosures.. but with teeth.

Fri, 10/21/2011 - 17:59 | 1798744 flacon
flacon's picture

When Bernanke's lips were trembling last fall in his interview on CNBS (when he said he could raise interest rates in "fifteen minutes") - you have to wonder WHY his lips were trembling. Was it:

1. Because he knew that he was cornered and there was no escape... or

2. Because he knew HE cornered the world and there was no escape for mankind and HE was the one who did it, along with Alan Greenspan and the rest of the homicidal maniacs - and he was afraid that the masses would lynch him from the nearest tree...


Knowing what I know of the arrogant hubris of intellectual pH-dees and Nobel Prize winners I am having a hard time knowing of all of this is planned or if they actually believe themselves. But Eric Holdren said it best when talking about the coming "end of civilization" - he said it would be caused by THE FREE MARKET! Clearly SOMEBODY understands the powerful force of REALITY:

White House Science Czar Says He Would Use 'Free Market' to 'De-Develop the United States


Given this revelation, I have no doubt that all these Keynesians in charge actually are closet Austrians and they PLANNED this business cycle to kill off as many humans as possible. 


Take a look at world population chart, and just think of it in Technical Analysis terms. MANKIND IS THE WORLD'S LARGEST BUBBLE - and these fuckers intend to pop it asap!



Fri, 10/21/2011 - 15:42 | 1798270 traderjoe
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How come he never talks about the Fed being the head of a private debt-money cartel?

Sat, 10/22/2011 - 00:47 | 1799563 John_Coltrane
John_Coltrane's picture

'Cause RP wrote the introduction for my copy of "the creature from jekyll island", the expose of the FED as a giant anti-competitive banking cartel'

RP knows exactly, in perfect detail, the nature of the FED, money, and real free markets.  He is one brilliant dude as this editorial shows.

And he scares the shit out of the banksters, like the Bernake, for this reason.   He is their intellectual superior and they know it.

RP in 2012.


Sat, 10/22/2011 - 01:20 | 1799580 i-dog
i-dog's picture

'Cause RP wrote the introduction.....

Then, as TraderJoe asked, why doesn't he talk about it?

That book has reached a few [tens of?] thousand people in the last 17 years. RP has been in Congress for 36 years and could reach those few thousand people in just a single televised press conference.

The Fed has already been "audited" and now he wants a better one? Good. But he could audit me, too, and never get anywhere near the truth. Rothschild invented double-book accounting! And even if he succeeded in setting up a comprehensive forensic investigation, a fire or trrrrrst attack on the books would be next ... "you can't help bad luck!", as Rumsfeld would say after the Pentagon and SEC records disappeared in the rubble of 9-11. :S

Sat, 10/22/2011 - 06:36 | 1799633 Al Gorerhythm
Al Gorerhythm's picture

Why doesn't RP talk it up?

Ever tried fencing with a broadsword?

Fri, 10/21/2011 - 13:44 | 1797734 Melin
Melin's picture


Fri, 10/21/2011 - 13:58 | 1797805 FL_Conservative
FL_Conservative's picture

The Fed isn't stupid.  They're just blinded by the WRONG ideology.  A free-market is perfect in its ability to establish price, supply/demand and the proper allocation of capital resources.  The Fed's ideology convinces them that they must influence the market to achieve a desired outcome, when, in reality, free market forces know better what outcome ought to be achieved.  This is illustrative of why "compromise" cannot be achieved in today's world....because it's impossible to get the WRONG ideology to accept its inaccuracies and our only hope is to get more of the "right thinking" into positions that can enable the correct outcome.

Fri, 10/21/2011 - 15:32 | 1798220 kridkrid
kridkrid's picture

Their ideology isn't wrong FOR THEM.  I think that's what people miss in this equation.  The whole thing has worked remarkably well for the real elite.  And not the 1%.... the .0001%. 

Fri, 10/21/2011 - 19:13 | 1798989 jfal014
jfal014's picture

Still too many, try the top 7,000 , oligarchy = few rule, so may be even less (~ 0.000001%). The thing is I didn't think we can bet 'em, so must join them!

Fri, 10/21/2011 - 15:47 | 1798288 traderjoe
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The Fed was created to scam the people of their freedom (forcing them to use FRN's) and their wealth (inflation and fiat money).

It also provided cover for the income tax, and for sovereigns to have to borrow money. Neither are needed. See united states notes.

Fri, 10/21/2011 - 19:27 | 1799025 UP Forester
UP Forester's picture

The only thing the creators of the Fed didn't figure out was what happens when they succeed in stealing all the wealth of the world.

Or did they?

Fri, 10/21/2011 - 14:18 | 1797885 dracos_ghost
dracos_ghost's picture

Oldie but a goodie:

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. -- Thomas Jefferson

As for Ron Paul, I've been following him since back in the '80's and I'll admit he was the inspiration for me being a PM bug. That being said, isn't this a little of the pot calling the Kettle black. He's been in Congress for 30 years of abject corruption, a good portion with the Repubs in control, and taking HIS piece of the ponzi pie along the way. He can protest all he wants in public but, at the end of the day, he is just as much a DC Beltway whore as the rest of the miscreants.

Oratory: A+.

Execution: F.

The problem is that the bureaucracy has no check and balance anymore and are separate from the original institutional structure setup by the Constitution. Congress has abrogated all their rights to the likes of the Fed and the White House. All these bills with huge blank sections in them don't require Congress to debate issues anymore. They just attach riders to existing bills and say "damn the people" as they assume the people will remain pacified and compliant. Why the hell is the WH pushing a jobs bill and a budget. It's not in its purview --they are just opinions -- Congress needs to represent. Congress just rolls over because it's a stinkhole of unimpressive dimwits and leeches refusing to do their jobs by oath.

The Fed is a drug dealer, the US Gubmint is the junkie. Both are to blame.

Fri, 10/21/2011 - 14:28 | 1797915 baby_BLYTHE
baby_BLYTHE's picture

taking HIS piece of the ponzi pie along the way.


As a physician, Paul routinely lowered fees or worked for free and refused to accept Medicaid or Medicare payments. As a member of Congress, he continues to refuse to sign up for the government pension that he would be entitled to in order to avoid receiving government money, saying it would be "hypocritical and immoral".

Fri, 10/21/2011 - 14:41 | 1797987 legal eagle
legal eagle's picture

really, I am interested, citation please

Sat, 10/22/2011 - 00:00 | 1799531 Ckierst1
Ckierst1's picture

If you will recall, as part of his economic proposal he has stated that he will not accept more than ~ $40K as pay if he is elected to the Presidency, although I do hope he will accept expenses, travel and associated entertainment and such, so he doesn't wind up nearly impoverished like Thomas Jefferson.  He is potentially better than Thomas Jefferson, who, in his own right, was stellar for his time.

Fri, 10/21/2011 - 14:57 | 1798071 Temporalist
Temporalist's picture

Seeing as though you were first I will just add to your comments (incidentally I can't give you an up vote sadly).  Ron Paul also never let his children accept govt. loans for school.  Ron Paul refused to practice in "Congressional Prayer" sessions because he believes it sends the wrong message and believes in separation of church and state.


Ron Paul was the ONLY person in congress warning of a bubble in housing and of an imminent collapse.  I guess telling people, as a government official, that there will  be a problem is just another nothing he's done.


I guess it's also nothing that Ron Paul has been warning of the increased deficits, the military industrial complex, the loss of constitutional rights and liberty.


It's nothing that there has been one man in congress that has been guarding the Constituion and trying to protect American citizens.


Here is a PDF for those that want to see more:


Sun, 10/23/2011 - 17:11 | 1802625 BigJim
BigJim's picture

If Ron Paul refuses to leap tall buildings in a single bound, he's clearly just another shill.

Fri, 10/21/2011 - 18:02 | 1798767 blindman
blindman's picture

as a physician he doesn't need insurance.
self respecting doctors don't bill physicians,
or is that a thing of the past?

Fri, 10/21/2011 - 14:27 | 1797919 Temporalist
Temporalist's picture

You mean the guy who has never had a junket and will not take a govt pension and the lobbyists don't waste time trying to buy off?  That guy?

Fri, 10/21/2011 - 15:14 | 1798152 Troll Magnet
Troll Magnet's picture

Yeah, FUCK THAT GUY! I'm like an abused spouse. I am incapabe of thinking that I can change my predicament by simply leaving the situation. I need my abusive spouse around to tell me that I am the wealthiest and that our trailer home is the greatest while simultaneously beating the shit out of me. OH, IT HURTS SO GOOD!

Fri, 10/21/2011 - 16:24 | 1798454 optimator
optimator's picture

And, I do believe he's the only one running for the Presidency that hasn't 'visited' Israel prior to announcing.  Because Dr. Paul doesn't take any money from any of the lobbyists, he can't be bought even by the Zionists.  Dr. Paul had to give up mowing his own lawn because too many consituents were stopping to chat.  Compare that to the other candidates!

Fri, 10/21/2011 - 19:33 | 1799045 UP Forester
UP Forester's picture

Maybe because he puts Americans first, second and third?

Fri, 10/21/2011 - 14:38 | 1797969 Nascent_Variable
Nascent_Variable's picture

Is this the earmark thing again?  Here's the speech where he explained his stance.

Fri, 10/21/2011 - 14:53 | 1798044 JPM Hater001
JPM Hater001's picture

Thanks for the link.  Just did.  I have never given twice to any candidate because if you give once they bug the living shit out of you with mailer, emails calls.

Ron Paul respects our privacy and does not aggressively pester you.  That is my kind of guy.

Fri, 10/21/2011 - 15:01 | 1798096 Temporalist
Temporalist's picture

Well...that's not true (I get emails daily and mail regularly) and it's not in his concern what the marketing part of his campaign does to generate donations but if any candidate needs to pester people for money it has to be Ron Paul since the Repubs marginalize him and offer 30 other potential puppets in his place.

Sat, 10/22/2011 - 04:22 | 1799663 shesalive
shesalive's picture

Actually, it is his concern. I have a friend who is in the inner circle of Campaign for Liberty, and when Ron Paul found out how strong the tone of requests for donations from supporters had become, he scolded the guy (John Tate at the time I believe) in charge of writing that stuff. I could see a change in later letters. Tate was just doing what's typical for donation solicitors...but Paul wants a higher standard.


Sat, 10/22/2011 - 12:58 | 1800072 Nightblade
Nightblade's picture

Campaign for Liberty phone solicitions are incredibly obnoxious... also there seems to be no way to get off their calling list.

Fri, 10/21/2011 - 16:53 | 1798555 Cthonic
Cthonic's picture

The problem is that the bureaucracy has no check and balance anymore and are separate from the original institutional structure setup by the Constitution. Congress has abrogated all their rights to the likes of the Fed and the White House.


Congress routinely violates separation of power and non-delegation doctrines every time they delegate final rule-making authority under black letter law to appointed executive branch agency bureaucrats.  This is a de facto form of taxation (and regulation) without representation, and the legal origin of our out-of-control regulatory landscape.

Fri, 10/21/2011 - 16:40 | 1798530 blindman
blindman's picture

nice. i would add ...
the fed understands that they can redistribute
wealth by controlling interest rates and that
"destruction" is a highly subjective term. one man's
falling building and demise is potentially an-other's
pay day and the fed does enjoy directing those
outcomes whenever possible. the feds position as
fiscal agent for the treasury of the usa with their
fiat money system is destroying/has destroyed the
the potential of the nation to be one of free
people, by , of and for free people. they want to
take that away, they want to steal the promise
of the declaration and constitution from all the people.
and do it with control of the monetary policy and
the monopoly they have over legal tender. what
insights and pearls of wisdom, what peril have they
avoided with this monopoly over the money that they
enjoy? where do they propose to take the population,
the economy? where do we see any restraint or accord
with "life" and the universal principles in our
monetary policy?
the argument might go something like this. a nation
of law cannot compete with a "lawless" world so the
laws of the united states must be suspended to allow
the people to succeed in the world. i think i have
heard that argument expressed.
so instead of leading the way to a world with greater
integrity we lead the way into a day where there is
no integrity. who will follow? no one with any
sense or any money.
the result is what we have today. epic failure and loss of the spirit of the people, but not entirely. the rebels and non-conformists, the young at heart, are still alive and
" mine eyes
have seen
the glory. ....".
undoubtedly every energy vampire will try to suck
the life out of them but it won't work. we need them
to be themselves, not for them to be what we want.
that is the only path left for us to be rejuvenated.
it is there world now by default. we had our day
and our chance and decided long ago that we don't
have the interest or integrity to take up the challenge.
ron paul is not a con man, may be the only one
available who is not. that is good enough right now,
imo. the problem is the voting public has become used
to voting for con men. it is like an obsessive
compulsive need the american public has for wishing
to be lied to. i guess we love the righteous indignation
that follows? con men know this.
Tom Waits - Lie To Me

Fri, 10/21/2011 - 13:35 | 1797687 eureka
eureka's picture

Friends - for a moment, let us consider that we might all have the potential to grow - and let us connect the financial and spiritual dots... what would that look like... apropos US FED printing money for US EMPIRE, consider the following:

If China had the balls to dump its US garbage paper (cash, bonds, everything) on the world market - it could destroy US Empire in a day. And why wouldn't China do that - given US Empire relentlessly tries to screw China by De Facto USD Default, i.e. devaluation by inflation?

Is China stupid? Does China believe the fruits of its fourty years of hard labor for US Empire Elite & Clueless Consumer Masses is a pile of US garbage papers backed by nothing but said Domestic US Slave Masses submission to their US Elite Masters?

I don't think so.

As Zerohedge a.k.a. The Tyler today states there is "expectation that the US will bail out China all over again" - of course a US Empire-Centric and hegemonic delusion, a.k.a. lie, designed to obfuscate zerohedge's often stated analysis that Wall Street rigs the world with toxic debt and derivatives - i.e. that the whole world has bailed out the US Empire Elite Fuck-Scum for the past two generations - and that anything, absolutely anything US does is for the sake of US Empire Elite only. 


US doesn't bailout anyone, rather it takes from, and gets bailed out by, everyone else - all which, of course, only benefits the US Empirial Elite, and only keeps the 80% of US'ians, who make the US domestic slaves, intoxicated with cheap chunk from China - in a reversed old colonial scheme of "Let's give some glass pearls to the natives - they do so love shiny things" - only here the "natives" are the locals, the 80% US'ian disenfranchised and thoroughly enslaved masses, hooked on entertainment and vicarious living, i.e. pseudo identities, all hoping against all ods and any sane life aspiration to become stars, celebrities and rich & famous.

Oh well, what else to do when manufacturing is outsourced to China and there are neither apprenticeships nor mentor-ships nor education to be found for the millions - and so all they have is X-Factor, American Idol and other such "upward social mobility" motivational garbage to look to for material and social "salvation" - i.e. mistaking vapid dream-stuff and statistical impossibility for a compass for developing a sense of identity and dignity, via developing useful skills and thus confidence and a real strategy of life.

To all of which "I want to be a celebrity" garbage non-consciousness, I can only say that ANYONE who agrees with Dick Morris that "oh well, we will all be the lawyers and entertainers of the world" (interview on Bill O'Reilly some years ago) needs to have their head examined!

And so therefore - WHEN ZEROHEDGE READER-COMMENTATORS MOAN AND WHINE ABOUT THE ELITE'S DIVIDE & CONQUER SCHEMES - I HAVE TO SAY: THERE IS NO NEED FOR THE ELITE TO DIVIDE AND CONQUER YOU-THE US-MASSES - BECAUSE: you did not fight to preserve your republic and your core human and spiritual values - and so therefore I now have to preach these things to you like I'm some kind of old prophet or psychoanalyst, i.e. derivative prophet - whether it's any good or not, it's worth a shot -  so here we go:

You the US'ian Masses were never united - rather, you hate each other. For reference and verification of my observation look no further than to your idiotic self-created and self-bought-into nonsense concepts like "the culture wars", the ideological divide between liberals and right wingers, between old-cons and neo-cons, isolationists and globalists, hegemons and producers... etc etc etc - and it becomes very clear that you all don't love each other, or your shared Federation, but rather you love your own little ideologies and idiosyncrasies and want them each to dominate.

What do you think Jesus Christ would say to your self-absorbed, pathetic and petty provincialism? Well, what did he say to his followers and disciples? He pretty much said, over and over "don't be so petty, so small, so unforgiving, so unloving - be big - be as I am - love each other as I love you - let that be your first principle: the principle of love".

And so my question to all US'ians today is: "When are you going to show each other - and the world - how wonderful and big and courageously forgiving and loving - you really can be - how united and magnanimous you can be - how responsible you can be - for yourselves and your brothers and sisters of the world?"

That's our choice friends - sober, equanimous, kindness and grace - or ego-intoxicated, competitive smallness? 

If we choose the former - if we turn away from the unholy cult of individualism gone icon-worship - turn away from aimless collective consumption - turn to classical values, classical education and classical morality - i.e. real consciousness - maybe then we can transform the US itself - from being a Too Big To Fail and thus Needs -To-Be-Bailed-Out (by the rest of the world) Unholy-Empire Of USD Printing - maybe we can make US into the republic it was intended to be - of kindness and of freedom - for without the kindness, I tell you, there will be no freedom. 

Let us free anyone from being a submissive and anonymous individual among the 80% mass of US domestic slaves, who follows blindly and serve their masters of materialism, while squabbling over insignificant symbols of cultural and ideological division - let us be instead magnanimous and sober and kind - let us laugh at, not worship, any symbols of material power, and let us honor and share our fellow humanity - as if we have arrived - already equal, no one worth more than anyone else - and maybe then reality will follow our consciousness and our acts and we will have a renaissance of US greatness - ....

and if not - I say it is our own fault - yours and mine - for being US'ians in stead of enlightened human beings - for being, pathetic nitpicking, knuckleheads, in stead of sober, kind and larger than the pathetic competing ego, which has wrongfully been made into the slave-master and image of what the US is all about -

let us choose wisely brother and sisters, for the time is short before the end of things as they are...

share therefore your wealth and knowledge, teach and mentor those who are lost, produce and promote and support US made goods, set quality before quantity, do not brag, do not amass wealth but share it with all who are needy and worthy, because you can't take it with you

life is short like the day - hurry therefore and do right, because the dark night is coming...

Fri, 10/21/2011 - 13:48 | 1797757 Melin
Melin's picture

I'd rather consider what TJ would think than what JC would think.  JC and his "turn the other cheek and take it" attitude is why the sheeple are so easily herded and culled.

Fri, 10/21/2011 - 13:51 | 1797771 Clorox Cowboy
Clorox Cowboy's picture

Not so.  The sheeple are herded because they waste their efforts fighting each other.

Fri, 10/21/2011 - 13:58 | 1797806 Melin
Melin's picture

and my biggest worry is that the religionists will be the ones who win the fight.

Fri, 10/21/2011 - 14:29 | 1797929 Truffle_Shuffle
Truffle_Shuffle's picture

My wife's biggest fear of all as well.  As a child she was paraded from church to church, denomination to denomination, sect to sect, cult to cult.  Makes for great story time.

Fri, 10/21/2011 - 14:37 | 1797960 Quixotic_Not
Quixotic_Not's picture

You're both paranoid control freaks...

Christianity, which is what I'm guessing you're both scared-to-death of, has been defanged over the last generation.

Or, haven't you noticed?

The fear mongering spread far and wide concerning god, guns and gays is getting're going to have to try harder now to stop the dismantling of your GOD, the (D) & (R) Free Crap Empire™.

Good luck pushing your ANTI-American, get your piece of the Ponzi message in the future...

Fri, 10/21/2011 - 14:42 | 1797996 Melin
Melin's picture

is it my lack of desire to be controlled by religionists that makes me a control freak?  Did you arrive at the conclusion Christianity is what I'm "scared-to-death of" by consulting your priest or the bible or did god whisper in your ear the source of a complete strangers fear? 

It's so much easier to rail than to reason. 

Fri, 10/21/2011 - 14:52 | 1798028 Quixotic_Not
Quixotic_Not's picture

I subscribe to -0- eastern mysticisms,as far as I'm concerned I can't believe what men put into print yesterday, so how could I base my entire belief system on ancient propaganda?  lol

Moreover, as a decendant of the Sons of the Revolution, I am not afraid of them as long as we have a LEGAL solution that supercedes race, color, religion, sex, or national origin.

Good luck with the fear mongering though...

Beat those drums loud & proud!

Fri, 10/21/2011 - 15:04 | 1798110 Melin
Melin's picture

Our current system has "Hate Crime Laws" so we're already past the"LEGAL solution that supercedes race, color, religion, sex, or national origin." If we can get back to our original system, there would be zero to fear.  And as I stated below, I will fight for individuals' right to practice religion.  My fear is that the religionists would not be so gracious to non-believers if they take control under our current system, given how far we've ventured off our constitutional foundation.

But rail on!  Accuse people with whom you disagree of fear mongering. 

Fri, 10/21/2011 - 16:19 | 1798455 Undecided
Undecided's picture

Fundamentalists yes, not the ones that actually read the word of god. Problem is we do not separate Fundamentalists from people who actually follow the word of god.  Fundamentalists also arise from non religious people also.

Fri, 10/21/2011 - 16:27 | 1798487 Melin
Melin's picture

by Fundamentalist you mean, those who take their religion to its logical extent given that particular religion's holy text, right?

Fri, 10/21/2011 - 16:47 | 1798544 Undecided
Undecided's picture

Don't twist the trueth, it does not say anywhere in the text to kill or steal.  The only time Jesus for instance got mad was at the bankers :p. Unfortunatly some religions do preach crusades and have slowely changed the text. That my friend is not the true word of god.

Fri, 10/21/2011 - 17:06 | 1798600 Melin
Melin's picture

"...Now therefore kill every male among the little ones, and kill every woman that hath known man by lying with him. But all the women children, that have not known a man by lying with him, keep alive for yourselves."   I understood these admonishments to have come from a holy man in a holy text.  I don't remember his subsequent admonishment saying, "But not you guys who follow.  We'll do the killing and then no one who follows us and our faith should kill after that."

Fri, 10/21/2011 - 17:23 | 1798635 Undecided
Undecided's picture

Took me 5 mins to figure this one out try harder.

To understand this command, a little background is necessary. The situation is that the Medianites are trying to destroy the Israelites, and Moses orders the Israelites to kill the Medianites in order to remove the threat, but to spare the lives of the females. But the adult female captives start trying to lure the Israelites into practicing idolatry. So Moses changes his command, and orders them to kill adult females as well, but to spare the female virgins. Now, in Medianite culture, all females were married off as soon as they reached puberty. So the virgins being spared here are pre-pubescent children, even infants in many cases. For the critics to suppose that "keep alive for yourselves" means to have sex with them is an awfully demented assumption. What God is ordering the Israelites to do is adopt them, which is the most humane thing they could do. Their only other choices would be to kill them or to let them fend for themselves with no parents. Despite how the verse is perceived by critics of the Bible, this is a command to show mercy, not a command to do harm.


Now that we have the old testement cleared up, shall we move on to the New where Jesus desides to love us so much that he opens the gates of heaven for Siners and gives us a way out? In simple terms.

It is easy to misrepresent the bible for your own purpose.


Fri, 10/21/2011 - 17:27 | 1798650 aminorex
aminorex's picture

: The only time mad was at the bankers

Untrue.  God hates figs. Matthew 21:18-22

Fri, 10/21/2011 - 17:49 | 1798725 Undecided
Undecided's picture

lol i love that one.

20 And when the disciples saw it, they marveled, saying, “How did the fig tree wither away so soon?”
21 So Jesus answered and said to them, “Assuredly, I say to you, if you have faith and do not doubt, you will not only do what was done to the fig tree, but also if you say to this mountain, ‘Be removed and be cast into the sea,’ it will be done. 22 And whatever things you ask in prayer, believing, you will receive.”

Fri, 10/21/2011 - 15:22 | 1798175 Melin
Melin's picture

And what does the fact that you're "a decendant (sic) of the Sons of the Revolution" have to do with anything?  The ideas that people hold in their heads are volitional, not genetic.  Here's my ancestor, Christopher Gist with George Washington.  My sister's as close to a communist as anyone I know and I'm fighting for our founding.  William Gist was known as the secessionist governor. He named his son “States Rights” and yet I find slavery to be the most vile system ever concocted by the faithful and faithless alike.  How can that be?  We're all descended from Revolutionaries. 

(Well, my ancestors may have been able to figure out how to get an image into a comment on ZeroHedge but those genes don't seem to have filtered down to me.)

Fri, 10/21/2011 - 15:33 | 1798226 blunderdog
blunderdog's picture

The ideas that people hold in their heads are volitional, not genetic.

Well, the neuro guys are still working on that question, actually.

Fri, 10/21/2011 - 15:38 | 1798253 Melin
Melin's picture

I'll wait with bated breath for the announcement that none of us is responsible for the ideas we hold and act upon.

Fri, 10/21/2011 - 16:05 | 1798392 blunderdog
blunderdog's picture

That wouldn't follow logically even if it were clearly proven our ideas are genetically selected for.

It's an interesting topic of study, that's all.  Responsibility is a totally unrelated issue.

Fri, 10/21/2011 - 16:24 | 1798477 Melin
Melin's picture

The idea that the earth is flat is a different idea than the earth is round.  Does the earth is round idea get passed from mother to son or does it skip a generation?  I'm being flip what trait would it refer to say "ideas are genetically selected for?"

Fri, 10/21/2011 - 17:35 | 1798682 blunderdog
blunderdog's picture

I just mentioned that tangentially.  We're really just getting to where we can try to design experiments around these questions.  The point is that it doesn't appear to be true that "ideas people hold are all chosen as acts of will." (volition)

The most obvious example would be belief in god.  Most people I've talked to about it have agreed they can't just "decide" to believe in god or not--it seems to be something that people realize, not choose.  Doesn't seem to just be rearing, either, because I was raised to believe, and I don't.

So (at least in that one case) it may well be that the "idea" is as genetically determined as eye color. 

Fri, 10/21/2011 - 15:43 | 1798268's picture

I'm a student of Western Pennsylvania history and familiar with Gist. Very cool that you're his descendant. Just stay off of rafts on icy rivers.

Fri, 10/21/2011 - 16:08 | 1798317 Melin
Melin's picture

I think it's cool too but I'm careful to resist the temptation to take anything like "pride" in it.  I don't take credit for another individual's accomplishments.  My mom was really into her ancestry and my dad always said, "Yeah?  What have you accomplished?" Kinda brutal but the point was made.

Fri, 10/21/2011 - 14:58 | 1798041 Truffle_Shuffle
Truffle_Shuffle's picture

Read much?  I said my wife, not me.  I could give two shits. 

Read any of my other posts?  Where do I make reference to partisan politics or free lunches?  Don't try to fit me into your one-size-fits-all pshyco analysis.

If you are simply continuing the thread and responding to posts above all means.....carry on!  

Fri, 10/21/2011 - 14:30 | 1797935 Temporalist
Temporalist's picture

Oh shut up.  My god is better than yours and that is proven by my blind faith and a book.  So there!

Fri, 10/21/2011 - 14:35 | 1797958 Melin
Melin's picture

; )

But still, even tho I don't want them in power over my life, I will fight for their right to hold and preach their fantasies to the willing.  Just so's we're clear.

Fri, 10/21/2011 - 14:45 | 1798008 Temporalist
Temporalist's picture

Hey I don't want to be the one to shoot the Easter Bunny and Santa either.  I got that experience already as a kid when I told a girl that there was no Santa Claus she started to cry and so did all the other believers.  Apparently if you cry hard enough and are afraid enough anything is possible and real.

Fri, 10/21/2011 - 15:23 | 1798191 Troll Magnet
Troll Magnet's picture

Does your God need financial help in today's economy? Does your God have trouble managing his money? Of course, we all do! If your God is over 1,000 years old but has little to show for in his bank account, I can help. Simply mail your silver Eagles to me and I'll send you information about how to save your God from His financial troubles. We accept Maples and Philharmonics, too. Add some junk silver for shipping and handling.

Fri, 10/21/2011 - 20:52 | 1798636 buyingsterling
buyingsterling's picture

"JC and his "turn the other cheek and take it" attitude is why the sheeple are so easily herded and culled."

You also expressed a great fear that Christians would try to coerce you into thinking or behaving a certain way. Are they herded, or are they herders? And do you honestly think that the 'christian' philosophy they hold is at the root of their sheepleness? Or would that be more likely blamed on ignorance and materialism - both of which the faith excoriates at nauseating length?  But I disagree with your basic thesis. Of the people who are awake and ready for collapse, and willing to shoot it out with whatever comes, most of them are Christians. The Christian sheeple are the most prepared of us, and the 'more Christian' they are, the more likely they are to be prepared, and well prepared. The non-christianity of the rest has not made them particularly ready for trouble. Indeed, most are herded like rats into cities which will fall if the just-in-time food distribution system goes down. And they are almost uniformly unarmed - except for the wolves they tolerate in their midst - arbitrary authority and rampant street criminality/gangs. Who are the sheep?

Why are you even bringing this up? We've all been kept slaves for generations, and it's not in the name of Christianity, it's in the name of greed and power, also excoriated by the faith. JC whipped the money changers.

Fri, 10/21/2011 - 14:40 | 1797983 Quinvarius
Quinvarius's picture

China dumping Treasuries would have no effect.  The Fed would just buy them.  Everyone would prefer this because US Treasury pays no interest on Treasuries owned by the Fed.  The Fed returns interest payments to the Treasury.  We would have to borrow less if China dumped our debt.  We would have a one day or one week price blip. No one uses mark to market so no one cares.

Fri, 10/21/2011 - 15:09 | 1798131 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Trinkets at WalMart, bitchez!

Fri, 10/21/2011 - 16:58 | 1798569 eureka
eureka's picture

QUIN - RE "China dumping Treasuries would have no effect.  The Fed would just buy them."

What would the Fed pay with?

Would other sovereign and private holders of US bonds dump too?

Is the entire world stupid or submissive enough to keep buying US bonds/US cockiness?

You base your bet on a very large assumption of US superiority. Good Luck With That.

Fri, 10/21/2011 - 16:00 | 1798367 PJPony
PJPony's picture

The fact that you received down votes shows how lost we truly are. I've lived my life as you have suggested. It's been a tough haul, because the hardened ones always said I was a fool, but I'll die knowing I lived right.

Fri, 10/21/2011 - 17:24 | 1798637 eureka
eureka's picture

I salute you, PJPony - for your courage and integrity - and I would rather have a drink and a talk with you - than with any bragging and competitive and exploitative cynic.

I think we'll have lots of room in Heaven - those of us who choose God's way; the little & big con artists and horders and manipulators will be elsewhere, by their own choice.

Peace, is its own reward - and every man choses heaven or hell - regardless of religion.

When banksters say they do God's work, what do they mean? I think they mean that if they did not create expectations of great and painless gains, by creating credit out of thin air - i.e. debt, well then nobody would get up in the morning and do anything. In other words, they are elitists - they believe they lead and motivate people to action, and that without their "expectation" schemes, everyone would be lost and passive.

Well, I say, the man who wants maximum gain with minimum effort, wants to be a god - and he hasn't understood anything about life or humanity and community, but simply sells his soul for a fast and shallow sense of self. He is not motivated by courage, but by fear.

As for the "The hardened ones" - they are a dime a dozen. As they sow they will reap - and though it is sad that our nation declines to the bottomless pit of egomania, we can take comfort knowing that life was never about any particular nation, but about each soul getting a chance to choose between good and evil, eternal life over death.

Fri, 10/21/2011 - 17:34 | 1798680 PJPony
PJPony's picture

A toast to you as well. The good book says the good will be persecuted, but will receive their reward in the end. Eternity is a long time if you play the wrong game.

Fri, 10/21/2011 - 14:21 | 1797896 LongBallsShortBrains
LongBallsShortBrains's picture

Reparations bitchez!

Fri, 10/21/2011 - 15:07 | 1798129 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

I don't think its that they don't want someone honest, its that they don't understand.  Its like the scene in that documentary Idiocracy where joe tries to convince the 'mericans that plants don't crave electrolytes via logic and they simply don't get it.  That is RP writing in the WSJ...wasting his words.  He needs to just say that the man on the $20 speaks to him and says Bernanke molests him in the basement of the FED.  That would gain more traction. 

Or, say that he's the son of god and god told him that that the fed caused it.  Worked for Jesus...

Fri, 10/21/2011 - 15:45 | 1798278 A Nanny Moose
A Nanny Moose's picture

Let's see...brutal honesty vs. Unicorns that shit skittlez.

I'm going with door #2 Monty. What did I win? Why would we ever elect somebody who is brutally honest when we can elect smoke blowing, paper hanging lunatics, who just want everybody to love them, and will promise the world to that very end.

Fri, 10/21/2011 - 20:54 | 1799229 philipat
philipat's picture

And since almost 50% of US citizens don't pay ANY federal income taxes, do you really think they will vote for change?

To paraphrase Tytler, democracies are always temporary in nature because they collapse when the majority realise they can vote themselves a free ride on the treasury. They are always followed by dictatorships.

Fri, 10/21/2011 - 22:23 | 1799381 UP Forester
UP Forester's picture

Well, good thing this is a republic turned into a dictatorship.  Makes me all warm and fuzzy inside....

Fri, 10/21/2011 - 14:44 | 1798002 DosZap
DosZap's picture



Because America always gets the president it deserves, RP will not be elected!

Not so.

We get what we get because of #1 MONEY, name recognition, (and Ron has been branded as an insane radical fool until the last 2-3yrs.)Reminds me of Churchill and how he got screwed,same bad rap, until all HELL broke out, saved their ass, and then when WWII was over, kicked his ass to the curb, and treated him as  before.

Even his own party openly spits in his face,and the roadblocks that are thrown up by the TWO PARTY system is all the various states, with tons of rules and regulations,filing deadlines,  and time lines are so costly and onerous almost NO ONE is let into the club.

That is why we get what we get.................until now.

Americans were sold on Black, and a great telepromter candidate.............Period end of story.

When is the LAST time we had a viable third party..........not in my lifetime.

Fri, 10/21/2011 - 16:33 | 1798507 Undecided
Undecided's picture

Please don't mix up Ron Paul with Winston Churchill its like compairing apples to oranges.  Winston Churchill did alot for the NWO.

Fri, 10/21/2011 - 17:45 | 1798709 dxj
dxj's picture

We have a two party system because of our "first past the post" single rep per district election system. It's basic logic and math that dictate a two party system. Whoever can get the most votes, wins, therefore we end up with two catch-all parties. As soon as a party splits, it loses. If a party can absorb a large thrid party, it wins. Etc. etc.

Fri, 10/21/2011 - 20:57 | 1799234 philipat
philipat's picture

IMHO we have a two party system because it is used to divide and conquer.

Fri, 10/21/2011 - 15:34 | 1798238 dizzyfingers
dizzyfingers's picture

For his sake, let's hope he isn't elected.

JFK again....

Fri, 10/21/2011 - 14:24 | 1797907 Enceladus
Enceladus's picture

News cast- " RPs car exploded today, falty wiring is to blame"


Rep. Dr. Ron Paul died today in an explosion. The rumored presidential candidate and congressman from Texas died when his car exploded in Washington D.C. Members of the Congress expressed deep sadness and concern. They vowed to find those responsible at all costs. John Boehner said "Rep. Paul would have wanted us to spare no expense to find his killers" The FBI has been activly working with DHS and CIA to hunt down suspected members of Iranian security forces AKA Qum. Unnamed administration sources indicated a possible conection to the Haqqani network and the Pakastani ISI which may have aided in planning the attack. A second and third device were found at the Israli and Saudi Embassies these devices were found and defussed before they caused any damage and the vehicles were linked to protester in the Occupy Wall Street movement.   

did I miss anyone?

RP for prez!!

Fri, 10/21/2011 - 13:17 | 1797610 jarboejl
jarboejl's picture

That's what I'm afraid of, if by some miracle he gets elected.  They might try to deal with him as they did with JFK.

Fri, 10/21/2011 - 13:24 | 1797636 Conrad Murray
Conrad Murray's picture

If White America thought Slim Shady clones were a problem, wait until they get a view of 20 Million Ron Paul supporters in the streets after an untimely death.

Fri, 10/21/2011 - 13:30 | 1797662 Shell Game
Shell Game's picture

And watch the number quickly triple with the closet, fence-sitters.

Fri, 10/21/2011 - 13:51 | 1797773 Troll Magnet
Troll Magnet's picture

I think Ron Paul has a GREAT chance of getting the GOP nomination this time around.  No matter what our media peddles, going from Romney to Bachmann to Perry to Cain and back to Romney again, these debates are exposing every candidate's fatal flaws, their checkered and corrupt past, lies and everything else that makes them look undesirable.  They tried to prop up Bachmann at first but she turned out to be a head case (what a surprise).  Then they collectively jumped on the Perry bandwagon until he started talking.  Unable to let go of Perry, they're now clinging on to someone who has ZERO chance of getting the nomination (Cain) just to distract everyone from real substance that Paul brings to the table.  But knowing that Cain doesn't stand a chance, they are telling us that the race is Romney's to lose with Cain as a viable threat but this tactic will fail because Romney is a Massachussetts liberal and people don't trust him.  That leaves us with Santorum, a poor excuse for a human being, Gingrich, a poorer excuse, and Ron Paul, the ONLY guy who has been telling the truth for decades.  In this scenario, I like Paul's chances because sooner or later, his message will start to sink in en masse.  And when that happens, there's really nothing the media will be able to do to keep Paul down.

Fri, 10/21/2011 - 14:20 | 1797894 LawsofPhysics
LawsofPhysics's picture

If Ron Paul gets the GOP nomination, then it really is over for everyone, not because Ron is someone I would like to see in office, but because I will know that he to has become a traitor to his country because TPTB would have to be behind him.

If voting actually resulted in change, it would be illegal.

Fri, 10/21/2011 - 14:35 | 1797954 Troll Magnet
Troll Magnet's picture

Oh, man, I thought I was cynical!

Fri, 10/21/2011 - 14:44 | 1798005 LawsofPhysics
LawsofPhysics's picture

Sorry, you have to be honest, hardworking and intelligent to vote for someone like Ron, and most of America simply isn't.

Fri, 10/21/2011 - 15:00 | 1798091 whstlblwr
whstlblwr's picture

Well guess what, used to be illegal for many to vote, but strong brave people fight and take chance. Not all American's are cowards.

Fri, 10/21/2011 - 15:05 | 1798114 LawsofPhysics
LawsofPhysics's picture

You don't say - ARMY AMEDD Corp. 1987-1994.

Fri, 10/21/2011 - 21:07 | 1799238 buyingsterling
buyingsterling's picture

This is truyly hopeless thinking - you might get a chance to vote for RP for president, and you agree with him on the issues, but he'd have to be compromised if he got that far, so forget voting? He's been a doctor and a representative - what do they have to hold over his head? The executive is still the one place they can't go with impunity, as is proven by this election cycle. If Paul gets the GOP nod, how do they stop him without killing him? They don't unless they stop the country and make the election irrelevant. It doesn't help to paint the situation as hopeless until it really is.

Fri, 10/21/2011 - 14:53 | 1798048 Conax
Conax's picture

“No matter how cynical you become, it’s never enough to keep up.” ~ Lily Tomlin

Fri, 10/21/2011 - 15:37 | 1798252 dizzyfingers
dizzyfingers's picture

LofP -- last line, absolutely right.

Fight organized crime; vote for no one.

Fri, 10/21/2011 - 14:35 | 1797956 I Got Worms
I Got Worms's picture

Troll, you get two snaps and a twist! Well said.

Fri, 10/21/2011 - 15:30 | 1798217 Troll Magnet
Troll Magnet's picture

Men on Film!!! Man, that was awesome! I wonder what the Wayan Bros are up to these days.

Fri, 10/21/2011 - 15:03 | 1798106 SilverIsKing
SilverIsKing's picture

It is critical that those who support Ron Paul attempt to enlighten others as to what's really been going on and why Ron Paul is the only choice.  In the past twp days, I have educated a few people and I think when the time comes, they will vote for Ron Paul in the GOP primary.  It's not really a hard sell.  Just the facts.

Fri, 10/21/2011 - 15:40 | 1798262 dizzyfingers
dizzyfingers's picture

Silver is King: think he'll actually be on the ballot?

Or do you think your friends will write him in?

Just curious. I don't think he'll be on the ballot.


Fri, 10/21/2011 - 15:52 | 1798315 SilverIsKing
SilverIsKing's picture

You might be right about that but to some extent, it is up to those who are already in the RP camp to do whatever we can to ensure he is on the ballot and in order to do that, we must convert as many people as we can in the little time we have.  There's enough critical mass now to actually make a difference.  When he has only 1%, not so easy.  10% makes it a possibility.  Fuck the media.

Fri, 10/21/2011 - 14:26 | 1797918 Abiotic Oil
Abiotic Oil's picture

There would be supporters in the streets but they really need to worry about Ron's supporters who would choose to vote from the rooftops.

Fri, 10/21/2011 - 14:48 | 1798020 Ira Thurby-Wright
Ira Thurby-Wright's picture


"as they did with JFK"


Blasphemy! everyone knows JFK was killed by aliens, the Mafia, er Cubans, er, a lone gun man with rapid fire capabilities employing mind bending ricochets off the "Grassy Knoll", only coincidentally aided by last minute route changes and re-assignments of limousines and drivers. It had nothing to do with Executive Order 11110 which was quickly repealed by Johnson who did not receive any death threats from the Federal Reserve (he was too busy plotting the Tonkin Gulf Incident). Where do you get this Federal Reserve Conspiracy crap from!? Next thing you'll be claiming that the Rothchilds funded Lincoln and McKinley's assassinations because they created obstacles for the banks, or that it was a mere coincidence that the attempt on Reagan came weeks after his "frank" discussion and impromptu visit with Volcker over at the Fed Building.


Fri, 10/21/2011 - 15:42 | 1798271 dizzyfingers
Fri, 10/21/2011 - 17:50 | 1798730 optimator
optimator's picture

Everyone knows who didn't kill JFK!

Fri, 10/21/2011 - 15:52 | 1798319 A Nanny Moose
A Nanny Moose's picture

Everybody dies. Ideas are bulletproof, and good ideas, are spoken of long after the thinker dies. The ideas we hear from he, whose name shall not be mentioned (by MSM), aren't even originally his. He is just reminding us how things are suppose to work.

Fri, 10/21/2011 - 14:13 | 1797612 redpill
redpill's picture


Money bomb extended until today, Friday.  Help him push over the $3 million mark!



Aside from the folly of trying to fix the price of time, which in a way is the most valuable thing any human can have, it's also important to point out the overarching tax implications of monetary policy.

So many people blindly get caught up in the class warfare of a progressive income tax code.  It's arguing about rain drops in the midst of a hurricane.  The REAL tax on all of us is the devaluation of our currency, which robs from everyone, but most pointedly from the poor who are least able to shelter themselves from its effects.  Inflation is the most dire, regressive tax the world has ever known.  And yet instead of addressing it, people are more concerned with what the top marginal rate is in our nightmare of an income tax code.  If they only knew!  If they only knew, the revolution would have occurred already.

When it comes down to it, all we really own in this life is time and our labor.  The Fed steals both of them from us.



Fri, 10/21/2011 - 14:27 | 1797920 LongBallsShortBrains
LongBallsShortBrains's picture

Well said RP.
(both of you)
I am sending $

Fri, 10/21/2011 - 17:49 | 1798726 Joeman34
Joeman34's picture

Your avatar grosses me out!

Fri, 10/21/2011 - 15:23 | 1798185 XitSam
XitSam's picture

Get this. My roommate thinks that up to 10% (price) inflation per year is ok. Why? Because we get paid more.

His argument against owning gold? "How will you know when to sell it?" Skipping any other reasons (store of wealth), he just ignores my answer, "How do you know when to sell any investment?"

Good grief.

Fri, 10/21/2011 - 15:47 | 1798291 Temporalist
Temporalist's picture

Well this article may wake him up a bit too (from ZeroHedge):

Median Male Worker Makes Less Now Than 43 Years Ago

"While the fact that a record number of Americans are living in poverty should not surprise anyone at this point, what should surprise many is that according to Table P-5 of the Census report of (Lack of) Income, the median male is now worse on a gross, inflation adjusted basis, than he was in... 1968! While back then, the median income of male workers was $32,844, it has since risen declined to $32,137 as of 2010."


Comes with chart too!


Fri, 10/21/2011 - 15:57 | 1798342 Libertarian777
Libertarian777's picture

Actually pretty easy argument to win.

Just ask your roommate, if his salary goes up 10% a year, and the price of everything also goes up 10% a year, if he agrees his standard of living won't change.

Then ask him what happens in 10 years when his 50,000 salary is now 100,000 due to inflation, everything costs twice as much, but now he's in the 35% tax bracket instead of the 25% bracket. Ask him if his standard of living is higher or lower. Then again try and ask any American about their plan for next month, never mind their thoughts of what life is going to be like in 10 years and a lot will say they have no idea.

Then again I'm using logic here.. Something that escapes a lot of mainstreamers.

Fri, 10/21/2011 - 17:45 | 1798710 XitSam
XitSam's picture

He knows that income:price is the same 1:1 as 5:5. Being in a different tax bracket will get through though.  He does think long term, but only based on past performance in his lifetime in the US, which means really bad things cannot happen.

Fri, 10/21/2011 - 13:27 | 1797649 Mike2756
Mike2756's picture

I'd say it's the other way around, he's painting a nice bullseye on you know whos' back.

Fri, 10/21/2011 - 13:53 | 1797751 RemiG2010
RemiG2010's picture


3...2...1... and the II American Civil War begins!

Fri, 10/21/2011 - 14:05 | 1797822 maddogs
maddogs's picture

The way they used to do it was food poisoning, at a State Opps, just figured out why he has so many young people around him.(..would you mind tasting this for me..)

Fri, 10/21/2011 - 14:08 | 1797835 Hook Line and S...
Hook Line and Sphincter's picture

Yep, RP is about to get an 'I' put between his R&P if he keeps it up.

Fri, 10/21/2011 - 14:10 | 1797851 Deadpool
Deadpool's picture

with QE3 coming this winter will we have enough ink left over on earth for ballots by next winter?

Fri, 10/21/2011 - 15:45 | 1798281 dizzyfingers
dizzyfingers's picture


Any bets on whether congress will delay the election? They're talking about it.

Fri, 10/21/2011 - 17:08 | 1798592 Cthonic
Cthonic's picture

Who is 'they'? This is the second time I've seen this rumor of a delay or canceled presidential election; would appreciate some credible URLs to peruse.  Thx in advance.


edit:  Not the Borowitz Report, lol.  And not the Bev Perdue Rotary Club comedy routine.

Fri, 10/21/2011 - 16:13 | 1798429 Ripped Chunk
Ripped Chunk's picture

RP may need to focus a bit more. Did he think his appearance in "Bruno" would help his image with the youngsters?  

Fri, 10/21/2011 - 18:56 | 1798943 imperative reaction
imperative reaction's picture

Ron Paul gets crushed when a helicopter from the Fed "accidently" drops a pallate of freshy printed Bernanks.

Fri, 10/21/2011 - 19:27 | 1799024 Milestones
Milestones's picture

Bravo!! Probably one of the most concise, concrete economic statements made on this site. Hell. even I could understand it.     Milestones

Sat, 10/22/2011 - 00:14 | 1799542 chipshot
chipshot's picture

no friend .... he knows the score and has a capable seal team 6 at his bedside....this is big. the euro trash crumbling ...this means its an inevitable battle between the NWO and free marketeer Nationalist--- NWO losing by a touchdown late in the forth but proud and want  to win. hence bob and weave and  kill kaddafi  and osama --done... bomb and kill some ugandans ---pending. bomb abd kill syrain and iranian leaders ...pending. this is all NWO in flux pushing agenda , telling you tough shit what the f@#$ ARE YOU GOING TO DO ABOUT IT?? direct threat. do we have the gonads to slice them off and shove those chick peas  nuts down their NWO throat??

one pissed and disenchanted chipper

Fri, 10/21/2011 - 13:17 | 1797608 Fake Jim Quinn
Fake Jim Quinn's picture

I'm surprised the MSM carried the piece.  I guess they can all claim that RP gets his fair share of coverage now. Expect total blackout until primary season is concluded

Fri, 10/21/2011 - 13:30 | 1797626 Quixotic_Not
Quixotic_Not's picture

FYI, Rupert Murdhoch's WSJ is now parting with the US Lame Street media...I know this first hand.

The WSJ is going through HUGE transformations from what it once was, and the reporters are getting re-trained as I type this...

With that said, Ron Paul isn't the perfect candidate for POTUS, but at this point he's the ONLY candidate that isn't or won't be co-opted by the bankster/politeer Ponzi!

I too sincerly hope Dr. Paul is careful on his journey, and that those close to him are watching his back...

Fri, 10/21/2011 - 13:34 | 1797681 Troll Magnet
Troll Magnet's picture

LoL @ WSJ going rogue.

I'll believe it when I see it.  As they say, you can't teach old dogs new tricks.  Once a shill, always a shill.

Fri, 10/21/2011 - 13:39 | 1797711 Quixotic_Not
Quixotic_Not's picture

I didn't say that the WSJ has gone rogue, it's just breaking away from the US Lame Stream media...

It has become apparent, even to the likes of Murdoch and his ilk, that We The People are leaving the LSM in droves, and this is mostly just an attempt to remain viable, because without readership selling advertisement, the lifeblood of ANY publication, becomes impossible.

Got it?

Fri, 10/21/2011 - 14:02 | 1797815 Troll Magnet
Troll Magnet's picture

I wasn't laughing at you, QN.  Just the premise that an old institution like the WSJ can evolve into something credible in this day and age.  A few months ago, they said the same thing about CNN, about how they're breaking away from the LSM and blah blah blah.  Then they retained every shill they already had in Blitzer, King, Crowley, etc, then added another shill albeit a pretty one from CNBC.  And they remain more unwatchable than ever.  So you may be right that they're changing.  But I'll believe it when I see it is all.

Fri, 10/21/2011 - 14:10 | 1797844 Quixotic_Not
Quixotic_Not's picture

I didn't mean to imply that the WSJ is morphing into something credible, I assume you have read Murdoch's tabloid pablum, no?

As long as "reporters" are indoctrinated via "journalism" schools/kamps to worship the Ponzi, you are correct that evolution into something credible is a stretch, but with the ability for real journalism to spread- As has been happening at a good pace via the blogosphere - The stranglehold that the LSM once had continues to fade...

One can only hope that the sheeple will raise their heads from grazing on pastures of ignorant bliss and pay notice.

Fri, 10/21/2011 - 14:41 | 1797990 Troll Magnet
Troll Magnet's picture

Agreed.  And that is also why I'd like to see high speed Internet to become easily accessible to every American.  To my knowledge, I think a large chunk of our sheeple are still on dial-ups or worse, have no access to the Internet.  I'm sure TPTB are busily working behind the scene to keep it that way, too.

Fri, 10/21/2011 - 15:03 | 1798109 caerus
caerus's picture

nice avatar

Fri, 10/21/2011 - 15:35 | 1798244 Troll Magnet
Troll Magnet's picture

thanks. ever since pladizow sold his soul to the devil and went Rated PG on us, i thought i'd carry the torch by posting photos of my future wife.

Fri, 10/21/2011 - 19:49 | 1799093 UP Forester
UP Forester's picture

There's always satellite internet.  I prefer BlueSky, HughesNet is a little too spendy.  But, luckily, both my wife and I have poor-paying jobs....  and chickens and arable land.

Fri, 10/21/2011 - 13:40 | 1797712 Dr. Richard Head
Dr. Richard Head's picture

Palin, Hannity, and Rush have given tepid approval of Ron's foreign policy from Palin, and Ron's financial plan, from Rush and Hannity.  Perhaps some neoconservatives that got in the way of the last election can be swayed by these endorsements?

Fri, 10/21/2011 - 13:41 | 1797719 s2man
s2man's picture

"WSJ is now parting with the US Lame Street media"

I've noticed some of that on MarketWatch, which is owned by WSJ. 

Not that I like MW.  Tyler, if we could get some tickers on ZH I wouldn't have to read MW's lame headlines just to see what the markets and currencies are doing. Nudge, nudge. Hint, hint.

Fri, 10/21/2011 - 14:58 | 1798079 mick_richfield
mick_richfield's picture

I second.

It has become actively painful for me to go to that page.  And I can't use yahoo!finance because -- they changed it.  And anyway I hate them.

Oh, and -- nice avatar, old timer.

Fri, 10/21/2011 - 14:27 | 1797923 DosZap
DosZap's picture



Rupert Murdhoch's news sources are almost the only halfway truthful sources available in the US today.(as far as MSM is concerned).

Fri, 10/21/2011 - 15:01 | 1798098 Sweet Chicken
Sweet Chicken's picture

What the fuck are you smoking!?!?!

Fri, 10/21/2011 - 16:31 | 1798501 Ripped Chunk
Ripped Chunk's picture

Your mom's pubic hairs you idiot

Fri, 10/21/2011 - 14:36 | 1797950 Abiotic Oil
Abiotic Oil's picture

Ron has lots of folks watching his back.

Ron Paul's Rifles!/page61

Fri, 10/21/2011 - 17:31 | 1798664 seek
seek's picture

He does, but hopefully has more today than he did in '08. I was priveledged enough to spend 15 minutes talking to him alone (well, with my girlfriend at the time) in a hotel lobby during the last campaign. No security whatsoever.

It was a very enlightening conversation. I have no doubt he is the real deal, and I'm rapidly approaching the federal campaign donantion limit this go-round.

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