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Ron Paul: "Central Bankers Are Intellectually Bankrupt"

Tyler Durden's picture




 

Likely glowing from his glorious victory (h/t Trish Regan) over Krugman in Bloomberg's recent Paul vs Paul debate, Rep. Ron Paul destroys the central-planning arrogance of Bernanke and his ilk in an Op-Ed released by the FT today.

Control of the world’s economy has been placed in the hands of a banking cartel, which holds great danger for all of us. True prosperity requires sound money, increased productivity, and increased savings and investment. The world is awash in US dollars, and a currency crisis involving the world’s reserve currency would be an unprecedented catastrophe. No amount of monetary expansion can solve our current financial problems, but it can make those problems much worse.

Our Central Bankers Are Intellectually Bankrupt

by Ron Paul

The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers.

 

Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while socialism and centralised economic planning have largely been rejected by free-market economists, the myth persists that central banks are a necessary component of market economies.

 

These economists understand that having wages or commodity prices established by government fiat would cause shortages, misallocations of capital and hardship. Yet they accept at face value the notion that central banks must determine not only the supply of one particular commodity – money – but also the cost of that commodity via the setting of interest rates.

 

Printing unlimited amounts of money does not lead to unlimited prosperity. This is readily apparent from observing the Fed’s monetary policy over the past two decades. It has pumped trillions of dollars into the economy, providing money to banks with the hope that this new money will spur lending and, in turn, consumption. These interventions are intended to raise stock prices, lower borrowing costs for companies and individuals, and maintain high housing prices.

 

But like their predecessors in the 1930s, today’s Fed governors behave as if the height of the credit bubble is the status quo to which we need to return. This confuses money with wealth, and reflects the idea that prosperity stems from high asset prices and large amounts of money and credit.

 

The push for easy money is not new. Central banking was supposed to have ended the types of periodic financial crises the US experienced throughout the 19th century. Yet US financial panics have only got worse since the centralisation of monetary policy via the creation of the Fed in 1913. The Depression in the 1930s; the haemorrhaging of gold reserves during the 1960s; the stagflation of the 1970s; the dotcom bubble of the early 2000s; and the current recession all have their root in the Fed’s loose monetary policy.

 

Each of these crises began with an inflationary monetary policy that led to bubbles, and the solution to the busts that inevitably followed has always been to reflate the bubble.

 

This only sows the seeds for the next crisis. Lowering interest rates in an attempt to forestall a recession in the aftermath of the dotcom bubble required massive credit creation that led to the housing bubble, the collapse of which we still have not recovered from today. Failing to learn the lesson of the bursting of both the dotcom bubble and the housing bubble, the Fed has pumped trillions of dollars into the economy and has promised to leave interest rates at zero through to at least 2014. This will only ensure that the next crisis will be even more destructive than the current one.

 

Not content with its failed attempts to prop up the US economy, the Fed has set its sights on bailing out Europe, too. Through currency swaps, it has committed to offering potentially hundreds of billions of US dollars to the European Central Bank and we cannot rule out the possibility of direct intervention.

 

The Fed’s response to the crisis suggests that it believes the current crisis is a problem of liquidity. In fact it is a problem of poorly allocated investments caused by improper pricing of money and credit, pricing which is distorted by the Fed’s inflationary actions.

 

The Fed has made banks and corporations dependent on cheap money. Instead of looking for opportunities to invest in real products that will serve the needs of consumers, Wall Street awaits the minutes of each Federal Open Market Committee meeting with bated breath, hoping that QE3 and QE4 are just around the corner. It is no wonder that long-term investment and business planning are stagnant.

 

We live in a world that seems to have abandoned the concept of savings and investment as the source of real wealth and economic growth. Financial markets clamour for more cheap money creation on the part of central banks. Hopes of further quantitative easing from the Fed, the Bank of England, or the Bank of Japan – or further longer-term refinancing operations from the ECB – buoy markets, while decisions not to intervene can cause stocks to plummet. Policy makers focus on spurring consumption, while ignoring production. The so-called capitalists have forgotten that capital cannot be created by government fiat.

 

Control of the world’s economy has been placed in the hands of a banking cartel, which holds great danger for all of us. True prosperity requires sound money, increased productivity, and increased savings and investment. The world is awash in US dollars, and a currency crisis involving the world’s reserve currency would be an unprecedented catastrophe. No amount of monetary expansion can solve our current financial problems, but it can make those problems much worse.

 

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Thu, 05/03/2012 - 13:41 | 2394466 taniquetil
taniquetil's picture

It's so astounding how Ron Paul started buying up bullion in the 70s and people still talk about him like some sort of crazy survivalist.

Thu, 05/03/2012 - 13:42 | 2394478 SHEEPFUKKER
SHEEPFUKKER's picture

central bankrupters

Thu, 05/03/2012 - 13:55 | 2394524 A L I E N
A L I E N's picture

Ron Paul is without a doubt one of the greatest political figures of all time.  His name will be written in the history ibooks of the future.

Thu, 05/03/2012 - 13:57 | 2394571 Cyrano de Bivouac
Cyrano de Bivouac's picture

Ron Paul main problem is tha MSM has turned off his microphone.

 

Thu, 05/03/2012 - 14:00 | 2394585 Deo vindice
Deo vindice's picture

I agree to a degree.

But I think his bigger problem is that millions of Americans have chosen not to think for themselves.

Thu, 05/03/2012 - 14:20 | 2394679 Paul Atreides
Paul Atreides's picture

CNBC cited copyright violdations to disable his youtube channel on May 1st. How fucked up is it that a presidential candidate has his account banned. TPTB are getting scared....

Thu, 05/03/2012 - 14:27 | 2394712 fourchan
fourchan's picture

he is john gault

Thu, 05/03/2012 - 17:57 | 2395319 RafterManFMJ
RafterManFMJ's picture

Said it before, and I'll say it again; I will write his name in for Pres if I have to do it in my own FIN blood!

Thu, 05/03/2012 - 19:41 | 2395475 WhiteNight123129
WhiteNight123129's picture

Ron Paul and his movement is where "America" has a chance to come back and bury the "U.S". China does not have it, Europe does not have, if his movement wins one day, I swear I will try everything to re-immigrate back in "America".

 

Thu, 05/03/2012 - 20:23 | 2395487 WhiteNight123129
WhiteNight123129's picture

Keep fighting people, it is an epic battle that can change the face of the world for the better.

Thu, 05/03/2012 - 23:25 | 2395805 Real Money Wins
Real Money Wins's picture

Those who have the ability to effect change have the responsibility to take action. Or in the words of Sir Winston Churchill...

"If you will not fight for the right when you can easily win without bloodshed; if you will not fight when your victory will be sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a small chance of survival. There may even be a worse case: you may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." -

 

If you are reading this YOU are the RESISTANCE!!!

Thu, 05/03/2012 - 14:30 | 2394722 resurger
resurger's picture

Fuck! Thanks for the link

Thu, 05/03/2012 - 14:47 | 2394785 Michael
Michael's picture

Fuck the sheeple.

Now the greatest depression will be 3 times worse for them than had we been able to get Dr Ron Paul in the Oval Office 4 years ago, to salvage what had been left of our country back then.

Only complete and total economic collapse of the USA can fix what is now a complete and total abortion that is the USA.

Thu, 05/03/2012 - 14:51 | 2394796 brewing
brewing's picture

ctrl+alt+delete...

Thu, 05/03/2012 - 16:40 | 2395134 A Nanny Moose
A Nanny Moose's picture

Maybe we will find productive use for all those worthless iPhails and start creating our own content. This is already occuring at Ron Paul campaign events, and at caucuses around the country. The fucking gloves need to come off.

Thu, 05/03/2012 - 14:43 | 2394773 Tsunami Wave
Tsunami Wave's picture

I saw that yesterday.. jerkoffs.  It's because of CNBC and some mysterious person named "Nina Grabiel."

Thu, 05/03/2012 - 15:42 | 2394943 jekyll island
jekyll island's picture

+1.  If you believe the polls, only about 5% of Americans agree with RPaul.  That is why I think the currency is going to have to collapse and the economy fail before we can move forward.  Just too many politicians and elite bankers who are invested in maintaining the status quo.  Oh, and that includes the 50% who do not pay federal income taxes too. 

Thu, 05/03/2012 - 14:06 | 2394623 pacu44
pacu44's picture

Revolution wont be televised....

 

But at the state conventions, Paulites own and not just for this nomination - Maine, Iowa, Missouri, Louisisana, Nevada, Utah, Taxachussettes, Washington, Washington DC, Virgian Islands, Colorado, Virginia and the list continues to grow

Thu, 05/03/2012 - 16:44 | 2395151 A Nanny Moose
Thu, 05/03/2012 - 17:04 | 2395201 brewing
brewing's picture

what a fucking joke the gop is. two party system is a an embarrassment to this country...

Thu, 05/03/2012 - 18:06 | 2395337 RafterManFMJ
RafterManFMJ's picture

Little lesson for all you gutless, dickless GOP supporters. Here in PA, we have piece of trash wiki calls 'Arlen Specter;' Not that long ago, a real conservative by the name of Pat Toomey challenged the RINO...and came CLOSE to dethroning him.  IF the GOP had supported Pat, Arlen would have been destroyed. They. Did. Not.

No, they fully supported the old-boy RINO Arlen...and then in 2009 ol' Arlen finally realized it was time, and he shifted to the Democratic party.

Here's a bit o quiz for you readers:

Do you still believe in the left/right presentation? If so, you are an imbecile.

Votin' Rethuglican to be savin' us from...what3v3r? You are a fuckin' moron.

There is one party in America...so you vote is meaningless.

As Carlin said, "It's a big club, and you ain't in it."

Thu, 05/03/2012 - 16:45 | 2395153 Island_Dweller
Island_Dweller's picture

want to know what happens when a senator endorses Mitt Romney at the Alaska Convention?

 

http://www.youtube.com/watch?v=LNcDCaFFlw8&feature=youtu.be  (23 second video)

Thu, 05/03/2012 - 22:39 | 2395751 StychoKiller
StychoKiller's picture

Hmm, that's gotta feel like standing in the room nekked, with NO package to speak of... :>D

Thu, 05/03/2012 - 20:07 | 2395525 Gohn Galt
Gohn Galt's picture

Won't be televised?  Great!  The medias ratings have been sinking and we are all better off with a purer system to shared facts, news and opinions.  Look at this board.  Not everyone is right 100% of the time and I have some great discuission off of this board.  Sometimes I change my mind, or just rethink the scenario.  We would all be better off without the TV as it is.

Thu, 05/03/2012 - 20:37 | 2395553 nmewn
nmewn's picture

It won't be televised...it'll be web based ;-)

Thu, 05/03/2012 - 14:25 | 2394710 azzhatter
azzhatter's picture

My favorite comment about RP. "Ron Paul believes in the land of the free and the home of the brave"  "Most americans are not brave enough to be truly free"

Thu, 05/03/2012 - 16:28 | 2395092 tsx500
tsx500's picture

...while all other politicians believe in the "Land of the FEE and the home of the SLAVE " !!

Thu, 05/03/2012 - 14:33 | 2394729 mikesswimn
mikesswimn's picture

Assuming that the MSM gave him a microphone in the first place is a big stretch.

Thu, 05/03/2012 - 16:30 | 2395102 Poetic injustice
Poetic injustice's picture

Somehow I picture wall paintings instead of ibooks with current government.

Thu, 05/03/2012 - 19:54 | 2395504 margaris
margaris's picture

you mean as in einsteins famous quote "... but the fourth world war will be fought with sticks and stones"...?

I am sure even a nuclear war cant destroy civilization and technology. Yes billions will die, entire cities will vanish.... but humanity will persist.

Maybe I am just a crazy naive guy... but hope never dies, thats why I believe in freedom and ron paul

Thu, 05/03/2012 - 16:58 | 2395182 Moe Howard
Moe Howard's picture

Kind of hard to put him in the history books of the past.

Thu, 05/03/2012 - 13:43 | 2394482 Hippocratic Oaf
Hippocratic Oaf's picture

TPTB are scared of Pauls truth. 

We missed our shot.

Thu, 05/03/2012 - 13:51 | 2394525 AnAnonymous
AnAnonymous's picture

A little more, and they will be scared to death. Litterally.

Never in human history, an elite has been so scared.

And that is the result of US citizenism.

Fit elite is fit because they sweat so much out of fear.

Thu, 05/03/2012 - 14:14 | 2394664 Temporalist
Temporalist's picture

"Never in human history, an elite has been so scared."

I think during the French Revolition and Russian Revolution they were pretty scared; and then pretty dead.

Thu, 05/03/2012 - 15:05 | 2394849 Harbanger
Harbanger's picture

The French Revolution led to Napoleon and the Russian revolution led to the rise of Communism.

Thu, 05/03/2012 - 15:08 | 2394854 Temporalist
Temporalist's picture

So what's your point?  I didn't say anything about the outcomes just how fearful the elites were that were "relieved" of their lofty positions.

Thu, 05/03/2012 - 17:00 | 2395190 A Nanny Moose
A Nanny Moose's picture

Those episodes merely resulted in a new elite.

Thu, 05/03/2012 - 17:16 | 2395242 Ned Zeppelin
Ned Zeppelin's picture

Meet The New Boss. Same as The Old Boss. 

Thu, 05/03/2012 - 15:57 | 2394996 Treason Season
Treason Season's picture

Russin Revolution?

You're either a troll or badly informed. It was a bankster financed coup d'etat.

Thu, 05/03/2012 - 15:39 | 2394934 AnAnonymous
AnAnonymous's picture

Sure about that?

They might have been scared but right now, due to US citizenism, they are scared. Scared like never.

Just look at them, just look at how much they are disturbed in their life style.

Read the hospital records to see the number of heart attacks the elite has, how manyof them die of severed stress, profound depression...

It is a slaughter.

Thu, 05/03/2012 - 15:47 | 2394957 akak
akak's picture

It is a slaughter.

////////////////////////////////

Not even remotely as much a slaughter as was the tens of millions killed by Mao in his "Great Leap Forward into Starvation", or the millions killed in the political purges of the so-called "Cultural Revolution", or even the thousands killed in the Tiananmen Massacre of 1989.

More denialistic Great Wall of Hypocrisy Chinese Citizenism: Make me laugh!

Thu, 05/03/2012 - 15:54 | 2394978 AnAnonymous
AnAnonymous's picture

The way the elite is scared in a US citizen environment has little on that chinese event.

US citizen elite are scared. Scared.

Thu, 05/03/2012 - 15:58 | 2394995 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

The way the elite is scared in a US citizen environment has little on that chinese event.

Ah, appeal to ignorance.

The impossibility to self indict in Chinese citizenism leads to the weirdest result.

 

Thu, 05/03/2012 - 16:02 | 2395012 AnAnonymous
AnAnonymous's picture

Self indiction in a fantasy world?

Fantasy acts? Why not?

It may be possible that the requirement of self indiction avoidance is such in US citizenism that one should not confess fantasy acts. Could be worth real.

Thu, 05/03/2012 - 16:09 | 2395034 akak
akak's picture

It may be possible that the requirement of self indiction avoidance is such in US citizenism that one should not confess fantasy acts. Could be worth real.

////////////////////////////////////////////////////////////////////////

It may be possible that minor components of sense can be gleaned from this semantic wreckage strewn upon the page.  Possible, but likeliness if low.

Much like likeliness of stopping Chinese Citizenism animal-men from dropping trousers and squatting on Chinese roadsides.

Roadside nightsoil deposits being muchlike resemblance to spewings herein.

Thu, 05/03/2012 - 16:25 | 2395085 TheFourthStooge-ing
TheFourthStooge-ing's picture

Chinese citizenism is not restricted by grammatical languagistic semantication.

Chinese citizenism is also not limited by the elite restraints of word meaningism.

Now you having been taken notification is!

 

Thu, 05/03/2012 - 18:31 | 2395397 Poor Grogman
Poor Grogman's picture

 

@AnAnonymous

You are trying to create an ideological wedge to drive between the Chinese people and the Western population.

You are very confused because you have not yet realized that the real disagreement is always between one GOVERNMENT and another GOVERNMENT.

"We the people" mostly just want to be left alone to get on with our lives as we please, and yes that includes Chinese people too.

The situation only deteriorates to the extent that Government is involved.

The Chinese citizen tried to shake off their parasitic overlords in 1989, and the world stood still for a second......

Again  and  again a small group asserts control over the masses only to be shaken off yet again.

This is the way the WORLD works, be it Chinese or American it makes no difference.

Stand back at a distance and you  will see things the way they really are....

 

Thu, 05/03/2012 - 15:55 | 2394989 TheFourthStooge-ing
TheFourthStooge-ing's picture

Ah, if people of ancient times had known that, today's will be different...

People whose wealth is thrown at the endless pit of Chinese citizenism citizens' insolvency, not so much. It is a big failure for them as they are sacrificed on the altar of Chinese citizenism citizens' comfort.

Other than that, well, it is always successes with Chinese citizenism citizens or self criticized successes.

I wonder who is right now, the guro of Chinese citizenism citizen economics or his opponents?

 

Thu, 05/03/2012 - 16:04 | 2395015 AnAnonymous
AnAnonymous's picture

Who is the fantasy character playing the guru of the fantasy of chinese citizen economics?

Dont forget a mention when selling your stuff to hollywood.

Thu, 05/03/2012 - 16:28 | 2395096 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Who is the fantasy character playing the guru of the fantasy of chinese citizen economics?

Mere Chinese citizenism trivia.

Chinese citizenism history well estabishing that Chairman Mow has of Chinese citizenism economics goru Zhou Enlai.

Or has Chinese citizenism bookburning erased that history?

 

Thu, 05/03/2012 - 16:32 | 2395106 AnAnonymous
AnAnonymous's picture

That would be a point to develop: why should in your fantasy your fantasy characters destroy books painting them as heroes?

Any fantasically rational cause for that?

Well, lately, US citizens through their congress destroyed the evidences they tortured people in Iraq and elsewhere, but that was to avoid self indiction.

Thu, 05/03/2012 - 16:34 | 2395112 TheFourthStooge-ing
TheFourthStooge-ing's picture

More denial, more impossibility of self indiction, more offuscation.

Here is textbook example of Chinese citizenism mettle.

Observe how the nature of this Chinese citizenism mettle is eternal.

But hey, it is self justifying...

 

Thu, 05/03/2012 - 16:40 | 2395120 akak
akak's picture

When you can self-indict over the topic of unjustified Tibetan invasion, conquering and blobbing-up, and 65 years of Communist warmongering threats against independent Republic of Taiwan, then rational discussion can commence flowing.

Until then, Chinese Citizenism denialism will rule the day.

Much like Chinese Citizenism human crappings rule the roadsides of China.

Thu, 05/03/2012 - 17:17 | 2395240 fuu
fuu's picture

All three of you are boring.

Just saying.

Thu, 05/03/2012 - 17:29 | 2395267 akak
akak's picture

More denialism, from a citizenism citizen of unknown origins.

Regardless of it, shedding from me like water off duck's back.

And still, Chinese Citizenism marches on.

Make me laugh!

Thu, 05/03/2012 - 17:49 | 2395303 Poor Grogman
Poor Grogman's picture

 

 

Did i miss anything?

Thu, 05/03/2012 - 17:20 | 2395250 jus_lite_reading
jus_lite_reading's picture

I'm a little late to this discussion but Jim Rogers is endorsing Ron Paul... 

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

He said: "Ron Paul Is The Only Politician In America That Seems To Have A Clue About What's Going On In The World" - Jim Rogers

Truer words were never spoken...


Fri, 05/04/2012 - 00:04 | 2395853 jmcaule4
jmcaule4's picture

Like Zero Hedge? King World News?

Want to know when to expect the next round of QE?

Is it a good time to be long stocks? What about gold miners?

http://jmcaule-whatimlookingatrightnow.blogspot.ca/

Thu, 05/03/2012 - 13:41 | 2394471 insanelysane
insanelysane's picture

Nail meet head.

Thu, 05/03/2012 - 13:48 | 2394508 Unprepared
Unprepared's picture

I hope you are referring Krugman's head ... err, never mind.

Thu, 05/03/2012 - 13:43 | 2394474 Jason T
Jason T's picture

He's got my vote.  

Thu, 05/03/2012 - 13:44 | 2394492 brewing
brewing's picture

and a lot other's.  HuffPo headline today...


"Ron Paul Racks Up Delegates, Putting GOP Establishment On Edge"

Thu, 05/03/2012 - 13:42 | 2394477 Cursive
Cursive's picture

Ron Paul's virtual obscurity is proof of H. L. Menken's observation that we get the government we deserve.

Thu, 05/03/2012 - 14:18 | 2394678 Sanksion
Sanksion's picture

George Carlin observed that also. Here.

Thu, 05/03/2012 - 16:57 | 2395007 Treason Season
Treason Season's picture

Notwithstanding all the political assassinations, massive propoganda and an infinite amount of fiat money to corrupt. Have a little sympathy. Americans are victims too

Thu, 05/03/2012 - 13:42 | 2394479 Manthong
Manthong's picture

I think they are more morally and ethically bankrupt than anything..

you need a fair amount of intellect to manage a global Ponzi.

Thu, 05/03/2012 - 13:49 | 2394519 Unprepared
Unprepared's picture

Self-delusion doesn't count as intellect.

Thu, 05/03/2012 - 14:47 | 2394781 NotApplicable
NotApplicable's picture

Those people aren't the real management. They are merely the shiny facade that gives it an air of legitmacy.

Thu, 05/03/2012 - 16:14 | 2395052 aheady
aheady's picture

Agreed. There's no lack of intellect anywhere in that equation. And Ron Paul is advancing that "they don't know what they're doing - they're out of their minds" script. WRONG. It's all by design and that only makes me think he's part of it.

Thu, 05/03/2012 - 20:07 | 2395526 margaris
margaris's picture

Peter Schiff did the same a few weeks ago. He was in the news saying that Bernanke has no clue and is delusional.

http://www.youtube.com/watch?v=zDDbgBK6V0M

I think its just rhetorics.

Ron Paul and Peter Schiff are real gentlemen.

I dont doubt their integrity,  because of their good manners. But I admit I would like to see them go berserk on the banksters.

And they will. Just wait for the economy to get REALLY BAD!

Fri, 05/04/2012 - 10:47 | 2396895 aheady
aheady's picture

Like I said, it makes me wonder... I'm truly on the fence about Mr. Paul. Certainly not questioning his gentlemanliness or manners, which are impeccable. I just don't trust a career politician in any form at this point. And you are absolutely correct about rhetoric being the likely culprit. Point taken.

Thu, 05/03/2012 - 13:44 | 2394483 GeneMarchbanks
Thu, 05/03/2012 - 13:45 | 2394497 insanelysane
insanelysane's picture

He is 100% correct.  The financial sector used to be a mechanism that funded the economy but now it is the economy. 

The government during the Bush years drove it into the ditch.  The government under Obama, got it out of the ditch and headed straight for the cliff, Thelma and Louise style.

Thu, 05/03/2012 - 13:49 | 2394510 resurger
resurger's picture

WOOT! RON Ownage

Thu, 05/03/2012 - 13:49 | 2394511 AnAnonymous
AnAnonymous's picture

US citizens are intellectually bankrupt, maybe.

In case, it would give that central bankers are just Us citizens who happen to be central bankers.

But that would mean that Paul, who is a US citizen, is also intellectually bankrupt. A conclusion Paul is not ready to face so...

Thu, 05/03/2012 - 14:05 | 2394610 tmosley
tmosley's picture

You are quite possibly the most collectivist person to have ever lived.

It doesn't matter what people do or say, only the color of the passport matters to you.  That color defines all existant and potential characteristics, regardless of reality.

Thu, 05/03/2012 - 14:19 | 2394682 AnAnonymous
AnAnonymous's picture

More collectivist person than your common US citizen?

That is quite an achievement.

Just as a reminder: US citizens are those persons who tie their concept of rights to the entire set of humanity. Beating that would be quite an achievement indeed. Quite hard to think how.

But hey, where is my medal? US citizens deliver medals to people like Obama for peace endeavours.

So it means that I am eligible for a medal of the most collectivistic person ever, no matter how tiny I am compared to your typical US citizen.

Thu, 05/03/2012 - 14:33 | 2394733 UP Forester
UP Forester's picture

Wow.  Conflate much? 

Here's one for you:  all Chinese citizenismship worshippers have slanty eyes, and can be blindfolded by dental floss.

Where's my medal?

Thu, 05/03/2012 - 15:45 | 2394950 AnAnonymous
AnAnonymous's picture

In your mind, just like the fantasy of Chinese citizenism...

Feel free to award yourself more than one.

Contrary to reality, in fantasy, there is no limit other than your own imagination.

Thu, 05/03/2012 - 16:01 | 2395013 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Feel free to award yourself more than one.

Great, lets consume resources to eliminate non consumers. Their elimination will free up resources.

The culture of death pertaining to Chinese citizenism is baffling.

It is true that every day passing by shows how much better Chinese citizenism citizens know.

Chinese citizenism citizens know best, well known, and it takes more than Chinese citizenism citizen dimension denial of reality to deny that.

Yeah, sure.

 

Thu, 05/03/2012 - 16:05 | 2395018 akak
akak's picture

In your mind, the bigoted and collectivist, self-induced fantasy of US Citizenism swirls like the heaven-sent vapors of the poppy's offspring in the Double Lucky People's Liberation Opium Den and Internet Cafe where you troll online.

Smoke and vapors, that is all that your mythical "US Citizenism" is constructed with.  That, and blind bigotry and hate.

But nobody ever expects much from hive-mind collective automatons in defense of their totalitarian regime and historical crimes.

Plow the ground of shame, and Chinese Citizenism will never take root.

Thu, 05/03/2012 - 16:15 | 2395055 AnAnonymous
AnAnonymous's picture

'Americanism' is fantasy? 'Americanism' does not exist? 'Americanism' is a figment of my imagination?

As you wish.

Thu, 05/03/2012 - 16:21 | 2395069 akak
akak's picture

Yes

Thu, 05/03/2012 - 16:23 | 2395079 AnAnonymous
AnAnonymous's picture

Yes, yes.

Thu, 05/03/2012 - 16:28 | 2395099 akak
akak's picture

Let a thousand Yeses bloom!

Thu, 05/03/2012 - 14:35 | 2394741 tmosley
tmosley's picture

I wasn't aware that Oslo was an American city, or that the Nobel committee was stacked with American citizens.

And yes, natural rights exist, and do apply to all humanity.  To deny this is to sew the seeds of violence, as American policymakers have done for the last hundred plus years in abundence, as have your own nation's policymakers.  Recognition of natural rights is no more collectivist than recognizing that all human beings possess nerves, muscles, and bones.

Thu, 05/03/2012 - 15:42 | 2394942 AnAnonymous
AnAnonymous's picture

One hundred years? Well, animals can be slaves. Or something. And they have no property rights. Else, you know, you end with the fact that US citizens infringe on their so called natural rights from the very beginning and not through the state only, by through private initiative.

As a side note, US citizenism is 'Americanism' and US citizens 'americans' as proponents of US citizenism 'americanism'

Thu, 05/03/2012 - 15:56 | 2394990 akak
akak's picture

As a side note, the bigoted and mindless ramblings of autistic Chinese Citizenism dishwasher trolls is "bullshit" and Chinese Citizenism citizens are "collectivist hivemind automatons" as proponents of Chinese Citizenism blobbing-up, denialism and extreme hypocrisy.

Thu, 05/03/2012 - 16:04 | 2395017 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Well, animals can be slaves. Or something. And they have no property rights.

Ah, ah, just like Tibetans under Chinese citizenism.

Wok calling rickshaw blackened.

 

Thu, 05/03/2012 - 16:08 | 2395027 AnAnonymous
AnAnonymous's picture

Tibetans are slaves?

Wooo, incredible what US citizens are ready to invent.

Harsh on humanity when you get your humanity tied to US citizen distorted perception of reality.

Consider, Tibetans are slaves right now while the negroes were not slaves in the start of the US, all that to justify that China infringes the so called human rights in a similar way US citizens did.

Tells how much US citizens are serious about humanity welfare.

Thu, 05/03/2012 - 16:15 | 2395051 akak
akak's picture

More denialism of hypocritical subhuman Chinese Citizenism hypocrisy: Make me laugh!

Chinese totalitarian Communist regime invades, conquers, and blobs-up free and independent Tibet (where slaves did NOT exist, lying Chinese roadside turd!), and this Chinese Citizenism acolyte pretends it never happened!  Oh the glorious People's Defecation Army hypocrisy! 

Lies, lies, and more shitty lies: the flower of Chinese Citizenism blossoms, revealing stinking crap inside, where even blowflies dare not enter.

Thu, 05/03/2012 - 16:18 | 2395062 AnAnonymous
AnAnonymous's picture

Slavery did not exist in Tibet prior the invasion by the Chineses?

Oh really?

So the reports by western people were the result of Chinese citizenism?

More kicking the can, more inability to deal with reality.

Thu, 05/03/2012 - 16:27 | 2395082 akak
akak's picture

 

Slavery did not exist in Tibet prior the invasion by the Chineses?

Oh really?

Really.

Fantasies of Tibetan slavery used by Mousy Tongue and People's Defecation Army to justify invasion and conquering of Tibet ---- just as every government uses lies to justify invasion, war and blobbing-up. 

Like "weapons of mass destruction" in Iraq?  That was Bush practicing Chinese Citizenism.  No shame adheres in doing so.

History knows of no Tibetan slavery, other than lies of totalitarian Chinese Citizenism.

Chinese Citizenism only better at the lying, doing so for thousands of authoritarian, rabbit-breeding years.

And then, of course, the obligatory denialism, which Chinese Citizenism citizens excel at doing best.

Thu, 05/03/2012 - 16:39 | 2395133 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

Tibetans are slaves?

Wooo, incredible what US citizens are ready to invent.

Ah, yes, because Chairman Mow instructed forced labor in Tibet, Mongolia, and Nepal to be named Patriotic Volunteerism.

Volunteer to be patriotic or Peoples Liberation Army will liberate you from your life.

Very Chinese citizenish...

 

Thu, 05/03/2012 - 14:41 | 2394767 WTFx10
WTFx10's picture

STFU

Thu, 05/03/2012 - 15:38 | 2394931 moondog
moondog's picture

Ancient Chinese Secret:

01100011 01101000 01101001 01101110 01100101 01110011 01100101 00100000 01101000 01100001 01110110 01100101 00100000 01101100 01101001 01110100 01110100 01101100 01100101 00100000 01110000 01100101 01101110 01101001 01110011

Tue, 05/08/2012 - 19:07 | 2408492 Uchtdorf
Uchtdorf's picture

I just converted that binary to plain text here: http://www.convertbinary.com/

 

 

Thu, 05/03/2012 - 14:33 | 2394735 Uchtdorf
Uchtdorf's picture

Perhaps if we stop feeding the bears they will stay away from the campground.

Thu, 05/03/2012 - 14:57 | 2394819 Temporalist
Temporalist's picture

They are called trolls and they never leave.

Thu, 05/03/2012 - 16:46 | 2395156 Matt
Matt's picture

lots of trolls have come and gone from Zerohedge.

Thu, 05/03/2012 - 15:43 | 2394948 AnAnonymous
AnAnonymous's picture

US citizenism? good taste.

Thu, 05/03/2012 - 15:59 | 2395004 akak
akak's picture

Tasty not smuch as much fried puppy, stir-fry bear gall bladder and Szechuan wolf penis --- oh! the goodness tasting herelike!

Chinese Citizenism taste, on the other foot, such as licking warm roadside turds.  Bad, bad are they!

Thu, 05/03/2012 - 16:06 | 2395023 TheFourthStooge-ing
TheFourthStooge-ing's picture

Chinese citizenism? Good taste.

Be now trying Chinese citizenism delicacy of umbilical cord broth, made fresh from forced infanticide of female newborns seens as sub human in Chinese citizenism.

Much good cuisine making. Good fortune.

 

Thu, 05/03/2012 - 16:10 | 2395040 AnAnonymous
AnAnonymous's picture

To each one tastes. Personally, if US citizenism tastes as I think you stuff tastes, well...

Thu, 05/03/2012 - 16:26 | 2395089 Socratic Dog
Socratic Dog's picture

I wouldn't know about that, but I can vouch that chinese pussy sure tastes sweet.  That I will give you.

Thu, 05/03/2012 - 16:43 | 2395144 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

I wouldn't know about that, but I can vouch that chinese pussy sure tastes sweet.  That I will give you.

That very rare is being, as Chinese citizenism tradition is to kill females at birth.

Chinese citizenism being somewhat right in the roafers.

 

Thu, 05/03/2012 - 14:41 | 2394766 WTFx10
WTFx10's picture

STFU

Thu, 05/03/2012 - 13:50 | 2394514 carbonmutant
carbonmutant's picture

The smell of free corn has drawn a herd of PIGS to the trough...

No intelligence required.

Thu, 05/03/2012 - 13:56 | 2394557 Pladizow
Pladizow's picture

You are missing an I.

Thu, 05/03/2012 - 15:30 | 2394916 carbonmutant
carbonmutant's picture

I was attempting to cover more than Southern Europe...

Thu, 05/03/2012 - 13:48 | 2394515 Bastiat
Bastiat's picture

On rare occasions when I talk politics with liberals I call Ron Paul the only peace candidate--that almost shuts them up.

Thu, 05/03/2012 - 15:14 | 2394876 CH1
CH1's picture

Yeah, but only temporarily.

In the end, the lefties are thugs.

Thu, 05/03/2012 - 13:49 | 2394516 TomTraubert
TomTraubert's picture

He has my vote.  Too bad that's several million short. 

Thu, 05/03/2012 - 13:51 | 2394532 Vince Clortho
Vince Clortho's picture

Stick to your guns.

A lot can happen before this election is over.

Thu, 05/03/2012 - 13:53 | 2394541 carbonmutant
carbonmutant's picture

Especially in this campaign...

Thu, 05/03/2012 - 13:57 | 2394562 TheSilverJournal
TheSilverJournal's picture

Also, especially with the fiat ponzi scheme reaching its final stage...

Thu, 05/03/2012 - 14:18 | 2394680 battle axe
battle axe's picture

I wish that Paul could be elected, but he does not stand a chance. MSM ignores him and TPTB will keep the Ponzi going until after the election, to give them more time. 

Thu, 05/03/2012 - 14:48 | 2394786 ArrestBobRubin
ArrestBobRubin's picture

Especially especially if there's a civil war

Thu, 05/03/2012 - 13:52 | 2394534 LowProfile
LowProfile's picture

Downvoted for your unhelpful defeatist attiude, STFU.

Thu, 05/03/2012 - 15:09 | 2394858 malek
malek's picture

Defeatist would be if he said he isn't going to vote, stupid.

Thu, 05/03/2012 - 23:54 | 2395834 LowProfile
LowProfile's picture

Oh, he's wasn't because he wasn't defeatist enough for YOU?

DERP

Thu, 05/03/2012 - 13:51 | 2394526 LowProfile
LowProfile's picture

RON PAUL FTW

Thu, 05/03/2012 - 14:12 | 2394660 resurger
resurger's picture

Ron Paul , Pentaaaaaaaaaaaaa Killlllllllllll

http://www.youtube.com/watch?v=FnyJ2nIdTXg

 

Thu, 05/03/2012 - 13:51 | 2394527 Kastorsky
Kastorsky's picture

if Paul is so smart, why doesn't he ran as independent?

Is he worried about taking votes from Romney?

Does he care more about corrupt rep party than the fate of the country?

Thu, 05/03/2012 - 13:54 | 2394542 Vince Clortho
Vince Clortho's picture

If the republicans are so smart, why are they backing Mittens instead of Ron Paul?

Thu, 05/03/2012 - 13:55 | 2394550 AnAnonymous
AnAnonymous's picture

Because they are interested in the win?

Thu, 05/03/2012 - 13:59 | 2394582 trembo slice
trembo slice's picture

You suck.

Thu, 05/03/2012 - 14:02 | 2394598 Let them eat iPads
Let them eat iPads's picture

Paul would beat Obama.

Thu, 05/03/2012 - 14:30 | 2394724 Hohum
Hohum's picture

No, he wouldn't.  As others have mentioned, a lot of people are connected to the government.

Thu, 05/03/2012 - 14:53 | 2394805 NotApplicable
NotApplicable's picture

It would be hilarious though watching all of the so-called Republicans endorsing Obummer in order to protect their fiefdom, as it would kill their party, once and for all.

Thu, 05/03/2012 - 14:28 | 2394718 azzhatter
azzhatter's picture

because they have no cajones

Thu, 05/03/2012 - 17:11 | 2395217 A Nanny Moose
A Nanny Moose's picture

A win by The O'bamabot 2.0 (Who is really just Bush Jr. 2.0)? A win by a guy who cannot even draw a thousand people to a campaign event? A win by a guy who WILL lose ALL would be Ron Paul voters, who refuse to sacrifice their integrity?

Yeah...good luck with that. Perhaps the GoP should get onboard and back the only guy they got, who is capable of beating The O'Bamabot. That is their stated goal, right?

Thu, 05/03/2012 - 13:59 | 2394579 insanelysane
insanelysane's picture

Repubs are only different than Democrats in what they choose to waste taxpayer money on.  Ron Paul is a threat because he wants to stop that.  Mitt is on board for the ride.

These politicians crave power and feel the need to rule over people.  You would think after 200+ years of government we would already have all of the laws we need but no, year after year, we get more.

Thu, 05/03/2012 - 13:53 | 2394544 LowProfile
LowProfile's picture

Why don't you Google it and answer that question for yourself?

DERP

Thu, 05/03/2012 - 14:01 | 2394590 Kastorsky
Kastorsky's picture

OK, the result is the he just doesn't feel like it. 

He didn't give any definitive answer, just some lame excuses: "I don't feel, I don't think, we are still in rep nomination race" and shit like that.

And don't get me wrong I WANT TO VOTE FOR PAUL! 

Why does he chickens out on us?!

Thu, 05/03/2012 - 14:30 | 2394713 Temporalist
Temporalist's picture

Maybe your poor English is why you can't find the answer so I will explain quickly.

 

It takes a lot of money to run for office.  The only independents that have had a chance are/were billionaires.

Ron Paul uses the Republican party platform to put out his message that would otherwise never be heard (like Buddy Roemer and Gary Johnson).  He is a life-long Republican that wants his party to live by their original idealogy which they no longer do but have convinced their members they have (through fear of terrorism and Islam and race/culture wars, etc.),

 

If Ron Paul ran as an independent he'd never get on stage, never a debate, never on TV, never a shot at influencing millions of people.  He tried running as a Libertarian Party candidate for president once and it was a lesson in the system for him so he knows better that the "two parties of the same welfare coin" own the media and message and without that access his efforts will be wasted.

 

He may still run independent but not until his last shot at Republican nomination is exhausted (or he could run as VP in another party perhaps if he can't run for Pres as the party rules/eligibility may resctrict.

 

And stop upvoting yourself it's embarrassing.

Thu, 05/03/2012 - 14:51 | 2394797 Kastorsky
Kastorsky's picture

he will never run as anything.

he is a part of the system - dog and pony show for american idiots.

he will be texas rep untill he dies - doing stand up comedy with bernanke - good cop - bad cop style.

Hail president Romney. 

Enjoy

Thu, 05/03/2012 - 14:55 | 2394810 NotApplicable
NotApplicable's picture

So, just what flavor of idiot are you?

Thu, 05/03/2012 - 14:59 | 2394828 Temporalist
Temporalist's picture

You are a fucking douche.  You asked and were given an answer but you clearly are such an asshole that you couldn't be satisfied right?

Why didn't you just lay your braindead agenda out to start?

Oh and Ron Paul already announced his retirement.

Go clean the toilets of your masters.

Thu, 05/03/2012 - 15:48 | 2394960 AnAnonymous
AnAnonymous's picture

he will never run as anything.

he is a part of the system - dog and pony show for american idiots.

he will be texas rep untill he dies - doing stand up comedy with bernanke - good cop - bad cop style.
____________________________________________

And this clear sighted statement shows that the socalled sheeple are very aware of the situation.

Paul is a dynastic, careerist politician. That is spot on. He farms a political niche to ensure his political position.

Thu, 05/03/2012 - 15:51 | 2394971 akak
akak's picture

And the authoritarian, totalitarian, one-party rule of the Chinese Communist Party is NOT dynastic?

Oh hypocrisy of Chinese Citizenism, the sun, the moon and the stars are below you!

Thu, 05/03/2012 - 15:56 | 2394991 AnAnonymous
AnAnonymous's picture

But, but I thought that the two party stuff in US citizenism was simply a trick by the elite to deceive the sheeple, to give them the illusion of choice? In the end, there was no difference between the red and blue teams?

But, but... could it be that US citizen truthers did not tell me the truth?

Could have I been lied to by US citizens?

Thu, 05/03/2012 - 16:13 | 2395047 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

But, but I thought that the two party stuff in US citizenism was simply a trick by the elite to deceive the sheeple, to give them the illusion of choice? In the end, there was no difference between the red and blue teams?

Yes, quite true.

Similar to Chinese citizenism elite trick of calling Mow See Dung a liberator of Chinese people, calling China "Peoples Republic" when it is "Elites Republic", and naming opressive force "Peoples Liberation Army".

Big funny, except for those oppressed under boot heel of Chinese citizenism.

But, but... could it be that US citizen truthers did not tell me the truth?

Could have I been lied to by US citizens?

No, much simpler answer: denial is the mettle of Chinese citizenism.

 

Thu, 05/03/2012 - 16:22 | 2395071 AnAnonymous
AnAnonymous's picture

Is it true or is it false?

Is it true when it is convenient for US citizens and false when inconvenient?

What is that? Fantasy?

Ah, the bad elite everywhere.

But actually, in China, as middle class is not as developed as in US citizen societies, well, hard to mimick US citizenism and middle class being the king class.

Thu, 05/03/2012 - 16:31 | 2395107 TheFourthStooge-ing
TheFourthStooge-ing's picture

Blah blah blah...US citizenism...blah blah blah.

On display for us here is eternal Chinese citizenism mettle of denial.

Denial, more denial, again denial, even more denial.

Proof in pudding is being of is.

 

Thu, 05/03/2012 - 17:15 | 2395227 A Nanny Moose
A Nanny Moose's picture

he will be texas rep untill he dies

He is not seeking re-election for his CONgressional seat. Regardless of outcome, this is his last term. So he woud have to kick it pretty soon....School book repositories notwithstanding.

Thu, 05/03/2012 - 14:56 | 2394820 skepticCarl
skepticCarl's picture

Kastorsky, why are YOU chiken' out on us?  Why don't YOU run?  Don't have enough money, time, following?  Maybe that's true for R.P. to a certain extent as well.

It's up to US to determine our own futures, not whine about "why doesn't someone else step up and save me?"

Thu, 05/03/2012 - 14:58 | 2394821 skepticCarl
skepticCarl's picture

oops, fat fingered that one.

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