Nobel Prize Winning Economists, Federal Reserve Chair and Other Top Experts: War Is BAD for the Economy
As Hilary Clinton starts to ponder the curtains she wants to hang in the Oval Office, there is only one person who can realistically stand in her way: Rand Paul.
A losing bet for the rest of us...
Our political-financial system has gone from the dysfunctional to the failed to the surreal. Speculation, once left to individuals and investors, is now federally sponsored, subsidized and institutionalized. When this sham finally buckles and the next shoe falls and rates do eventually rise, the stock market will tank, liquidity will die, and the broader economy will plunge into a worse Depression than before. We are not there yet because of these coordinated moves and the political force behind them. But we are on a precarious path to that inevitability.
Did the election last week really mean that much? I took to my Twitter account on Tuesday to point out that the change in control of the Senate from Democrat to Republican actually means very little, despite efforts by politicians and the mainstream media to convince us otherwise. Yes, power shifted, I wrote. But the philosophy on Capitol Hill changed very little. The warfare/welfare state is still alive and well in Washington.
It appears the terrorist organization known as Islamic State has been watching the fiasco of fiat money and reading Alan Greenspan and Ron Paul. As The Daily Mail reports, ISIS wants to introduce its own currency and plans to bring back solid gold and silver dinar coins in an attempt to solidify its makeshift caliphate. Around 1500 years after the Dinar was first introduced - made from pure gold and silver - ISIS plans to implement the change within a few weeks, changing changing from regular dinars and Lira to golden dinars and silver dirhams.
Greenspan's Stunning Admission: "Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It"Submitted by Tyler Durden on 11/08/2014 00:28 -0400
For some reason, the Council of Foreign Relations, where ex-Fed-Chief Alan Greenspan spoke last week, decided the following discussion should be left out of the official transcript. We can perhaps understand why... as Gillian Tett concludes, "comments like that will be turning you into a rock star amongst the gold bug community."
"If a third party person gets anywhere along, they are going to do everything they can to stop that from happening," blasts Ron Paul, explaining to RT's Erin Ade that the 'monopoly' system run by the leaders of the two main parties was all too evident as Americans went to the polls this week. "It's a monopoly... and they don’t even allow a second option," Paul concluded, lashing out that "here at home, we don’t have true Democracy."
"The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better." - Ron Paul
The US government loves to “promote democracy” overseas, often at the barrel of a gun. Strangely enough, however, it often “deplores” actual elections being held in such places. Take Ukraine, for example. An election held last week by a group that forcibly seized power from a legitimately-elected government was hailed by the US administration as a great democratic achievement. So here is the real message from the US government: elections overseas are only legitimate if we have pre-approved the parties allowed to stand and if we have pre-approved the outcome. The election must result in exactly the kind of “pro-West” government that we desire or we will begin destabilization and regime change, if completely ignoring the results does not do the trick.
If the GOP takes the senate, the days of the Fed doing whatever it wants will have ended. This may well in fact be what pops the US stock market bubble. The GOP hasn't controlled the Senate at any point since the Crisis hit in 2008. If the GOP controls both the House and the Senate, the Fed will be in for SERIOUS problems.
“More than Forgiven, This Evil Must Be CURED”
There was a time when one couldn't get Bernanke to shut up: whether it was swearing to Congress how the Fed is not monetizing debt, explaining to Ron Paul that gold is nothing but "tradition", or otherwise issuing one after another after another debt monetizing quantitative easing program in hopes that "this time" the trickle down from the record high stock market would finally unleash central-planning utopia, Bernanke's verbal insight was in a state of constant deflation. However, ever since his departure from the marble halls of the Marriner Eccles building, suddenly Bernanke's insight has hyperinflated to the tune of some $250,000 per hour of Bernanke's time (time during which he says such profound insights as "No Rate Normalization During My Lifetime"). So without further ado, and without having to fork over a ridiculous quarter of a million dollars, here is what the Chairsatan really said...
Mel Watt is one of the most dangerous financial oligarch puppets operating in America today. As Bloomberg reports, "a U.S. housing regulator plans new steps to encourage banks to lend to buyers with less than-perfect credit scores... Watt will also discuss an effort that would allow borrowers to put down as little as 3% of the purchase price." It’s for the good of the people right? He’s a “liberal” so he’s always working for the little guy, right? Wrong...
Firestone's success in containing Ebola shows that, far from justifying new state action, the Ebola crises demonstrates that individuals acting in the free market can do a better job of containing Ebola than can governments. The Ebola crisis is also another example of how US foreign aid harms the very people we are claiming to help. Limiting government at home and abroad is the best way to protect health and freedom.