Ron Paul

Much to one Wall Street Occupier’s disappointment. Continue reading »

“Now we have a Southern governor, I can’t remember his name. He makes me look like a moderate. I have never once suggested Bernanke committed treason.” [Daily Intel, earlier]

Proponents of raising the debt ceiling claim that a default on Aug. 2 is unprecedented and will result in calamity (never mind that this is simply an arbitrary date, easily changed, marking a congressional recess). My expectations of such a scenario are more sanguine. … Despite the defaults in 1934, 1968 and 1971,* world markets have been only too willing to purchase Treasury debt and thereby fund the government’s deficit spending. If these major defaults didn’t result in decreased investor appetite for U.S. obligations, I see no reason why defaulting on a small amount of debt this August would cause any major changes.

Default Now, or Suffer a More Expensive Crisis Later: Ron Paul [Bloomberg]

* For “defaults” read “moves away from the gold standard.”

As you may have heard, Representative Ron Paul, whose most passionate cause is abolishing the Fed, has been chosen to run the House’s subcommittee that oversees the Federal Reserve next year. And while one should never jump to conclusions about the intentions of others, based on the fact that Paul has previously introduced legislation to get rid of the thing, wrote a book called “End The Fed,” and, odds are, has ‘Federal Reserve’ at the top of the To Kill list posted to a wall in his basement, one might (involuntarily) draw some. Well, you couldn’t be more off base. Ron Paul loves the Fed! And he’s going to let it live a little while longer, unless Ben Bernanke really pisses him off, in which case, you’re finished. Continue reading »

Deal Ron Paul Supporters (Human and/or Automated):
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