Nine Simple Questions; The Fed? Ron Paul’s Not a Fan; Bonus 10th Question

When it comes to the Fed, military spending, bailouts, and upholding the constitution, Ron Paul stands alone, and he is about to make Bernanke miserable.

Please consider The Fed? Ron Paul’s Not a Fan

On Thursday, House Republican leaders announced that Representative Ron Paul of Texas, the outspoken Republican libertarian who ran for president in 2008, will become the chairman of the subcommittee that oversees the Fed. His position on the central bank is captured in the title of his 2009 book, “End the Fed”. Here’s some of what he wrote:

The Gold Standard

“Whenever I talk of a gold standard, there are always people ready to accuse me of having some obsession or fixation. Fetish is a word thrown around. In fact, I’m only observing reality: the idea of sound money in most of human history has been bound up with gold money.”

A Full-Time Counterfeiting Operation

On Mr. Bernanke: “There is something fishy about the head of the world’s most powerful government bureaucracy, one that is involved in a full-time counterfeiting operation to sustain monopolistic financial cartels, and the world’s most powerful central planner, who sets the price of money worldwide, proclaiming the glories of capitalism.”

New Money Out of Thin Air

“Only the Federal Reserve can inflate the currency, creating new money and credit out of thin air, in secrecy, without oversight or supervision. Inflation facilitates deficits, needless wars and excessive welfare spending.”

Low Interest Rates

“Artificially low interest rates are achieved by inflating the money supply, and they penalize the thrifty and cheat those who save. They promote consumption and borrowing over savings and investing. Manipulating interest rates is an immoral act. It’s economically destructive.”

The Obama Legacy

“For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and debt accumulation of the Obama years will not inflate our way out of it. This depression will likely last and last.”

See the article for more select quotes regarding The Bailouts, The Beginning of the End, and Fed Chairman He Has Known.

Ron Paul's Nine Questions

In case you missed Ron Paul's passionate speech on Wikileaks please watch. this video.



With a tip of the hat to From The Old here are the questions Ron Paul asked in his speech.

Number 1: Do the America People deserve know the truth regarding the ongoing wars in Iraq, Afghanistan, Pakistan and Yemen?

Number 2: Could a larger question be how can an army private access so much secret information?

Number 3: Why is the hostility directed at Assange, the publisher, and not at our governments failure to protect classified information?

Number 4: Are we getting our moneys worth of the 80 Billion dollars per year spent on intelligence gathering?

Number 5: Which has resulted in the greatest number of deaths: lying us into war or Wikileaks revelations or the release of the Pentagon Papers?

Number 6: If Assange can be convicted of a crime for publishing information that he did not steal, what does this say about the future of the first amendment and the independence of the internet?

Number 7: Could it be that the real reason for the near universal attacks on Wikileaks is more about secretly maintaining a seriously flawed foreign policy of empire than it is about national security?

Number 8: Is there not a huge difference between releasing secret information to help the enemy in a time of declared war, which is treason, and the releasing of information to expose our government lies that promote secret wars, death and corruption?

Number 9: Was it not once considered patriotic to stand up to our government when it is wrong?

Thomas Jefferson had it right when he advised 'Let the eyes of vigilance never be closed'

Please note the common sense discussion of Ron Paul vs. the completely hysterical (as well as totally misguided) reaction of Sarah Palin: "Assange is an anti-American operative with blood on his hands. Why was he not pursued with the same urgency we pursue al Qaeda and Taliban leaders?"

My response:
Excuse me for asking but since when does exposing corruption and hypocrisy make one an al Qaeda' terrorist? Is the whole world supposed to stand up and salute our illegal wars, our torture of civilians, our holding of prisoners in Cuba with no charges being filed. Are we supposed to salute or simply look away from fraud by our banks and coverups in our Treasury department?

Assange is not even a US citizen. Clearly, Sarah Palin is not capable of figuring out the implications of her proposal to hunt down foreigners allegedly in violation of US laws.

If we can prosecute others for violating our laws (if Assange even did such a thing), then why can't Iran or Iraq prosecute George Bush for violation of their laws?

Bonus 10th Question

Here is a key 10th question Ron Paul failed to ask: Since when does the US have the right to impose its laws on the rest of the world?

The answer, no matter what neocons may think, is "we don't".

Sarah Palin cannot think clearly, she just reacts, perpetually grubbing for attention. The simple truth of the matter is she is not fit for office no matter how much media attention she receives. Hopefully Republicans come to their senses regarding her electability before it's too late.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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