Buying Friends Creates More Enemies by Ron Paul

Lumi

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[FONT=Times New Roman, Times, serif]Buying Friends Creates More Enemies[/FONT]

[FONT=Times New Roman, Times, serif]by Ron Paul[/FONT]
[FONT=Times New Roman, Times, serif]Recently by Ron Paul: Ben, Stop Depreciating the Dollar[/FONT]​

[FONT=Times New Roman, Times, serif]Listen to Ron Paul[/FONT]

[FONT=Times New Roman, Times, serif]Last week Secretary of State Hillary Clinton testified before the House Foreign Affairs Committee, and I had the opportunity to raise some of my concerns regarding US foreign policy and the costs of our interventionism around the world.[/FONT]

[FONT=Times New Roman, Times, serif]Many observers claim that the recent overthrow of governments in northern Africa and the Middle East will result in more liberty for individuals across those regions. I sincerely hope this proves to be true, but history is replete with revolutions that began as a cry for freedom against oppressive governments but ended badly. There are no guarantees that Egyptians, Tunisians, or others will be better off after these heralded regime changes. [/FONT]

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[FONT=Times New Roman, Times, serif]We do know, however, that these conflicts in Africa and the Middle East can be made worse if the U.S. government attempts to intervene and support certain candidates or factions. Such intervention would not further US interests or win us new friends, but in fact would undermine the legitimacy of any government that may emerge after the end of old regimes. Just as we would resent and reject any political force that came to power here with the sponsorship of a foreign government, Egyptians, Tunisians, Libyans, and others are not likely to take kindly to what they view as one US puppet being replaced by another US puppet. It is ironic, but the US government?s endless promotion of ?democracy? overseas actually distorts and undermines democracy in targeted nations. [/FONT]

[FONT=Times New Roman, Times, serif]The involvement of a foreign power often undermines true self-determination.[/FONT]

[FONT=Times New Roman, Times, serif]Radicals who understand this may use rising resentment and anti-Americanism as leverage to gain power, thus defeating the stated purpose of US involvement in the first place. I have never understood how the US government justifies subsidizing a newspaper or political party abroad in the name of promoting independence and pluralism. It makes no sense. [/FONT]

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[FONT=Times New Roman, Times, serif]Unfortunately it seems to me that the administration has learned nothing from recent events in the Mediterranean region. [/FONT]

[FONT=Times New Roman, Times, serif]Secretary Clinton emphasized several times at the committee hearing that ?nothing is off the table? with regard to a US response to internal civil unrest in Libya. Since when is it our obligation to use political pressure or even military force to solve every problem overseas? Washington is currently buzzing with talk of ?no-fly zones? and even a land invasion of Libya to aid rebel groups seeking to overthrow the Gadaffi regime. [/FONT]

[FONT=Times New Roman, Times, serif]Some military leaders, including Defense Secretary Robert Gates, have rightly warned the more enthusiastic interventionists that such military operations can be enormously costly both financially and in lives.[/FONT]

[FONT=Times New Roman, Times, serif]The costs of trying to run the world are unsustainable, and we simply don?t have the money. Morally, it is inexcusable for the US to pick sides in such conflicts overseas, no matter how odious either side may be. [/FONT]

[FONT=Times New Roman, Times, serif]Financially, it is no longer possible. The 2012 budget request from the administration for ?international affairs,? which is code for ?foreign aid,? is two and a half times larger than it was just nine years ago! As our economy shrinks at home, our obligations increase abroad. As our infrastructure crumbles at home, we continue to spend billions expanding infrastructure in places like Afghanistan and Iraq. If the interventionists have their way, no doubt we will be soon pay to reconstruct the infrastructure we destroy in a Libyan military operation. It does not take a genius to see that we are going broke, but Washington remains in denial and intent on business as usual. I fear that if we continue this way we may soon be out of business altogether.[/FONT]
 

Lumi

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Dick Morris Calls Ron Paul "Horrific", Hangs Up On Peter Schiff

Dick Morris Calls Ron Paul "Horrific", Hangs Up On Peter Schiff

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Lumi

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Ron Paul talks to Lew Rockwell about his possible campaign, Bernanke and Hillary.

Ron Paul talks to Lew Rockwell about his possible campaign, Bernanke and Hillary.

Ron Paul talks to Lew Rockwell about his possible campaign, Bernanke and Hillary.

Travel to three cities in Iowa, a visit to New Hampshire and the new use of a private plane are the activities of a man possibly on the campaign trail. Back in DC, Ron Paul is eclipsing Ben Bernanke as the Fed is unable to keep its inflation a secret any longer, and Ron is telling Hillary that even some military are backing away from her own murderous position to keep nothing off the table in the use of "humanitarian" military aggression in Libya.
 

Lumi

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Fed Economist: People Are Calling Me Names, So I Am Taking Down the Post Where I Call

Fed Economist: People Are Calling Me Names, So I Am Taking Down the Post Where I Call

[FONT=Georgia, Times New Roman, Times, serif][FONT=Georgia, Times New Roman, Times, serif][FONT=Times New Roman, Times, serif]Fed Economist: People Are Calling Me Names, So I Am Taking Down the Post Where I Called Ron Paul a Pinhead Who Is Making Stupid Arguments[/FONT][/FONT][/FONT]

[FONT=Georgia, Times New Roman, Times, serif][FONT=Georgia, Times New Roman, Times, serif][FONT=Times New Roman, Times, serif]by Robert Wenzel
[/FONT][FONT=Times New Roman, Times, serif]Economic Policy Journal[/FONT]
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[FONT=Times New Roman, Times, serif]Following my analysis of St Louis Federal Reserve economist David Andolfatto's absurd attack on Ron Paul, Andolfatto has pulled down his post Ron Paul?s Money Illusion. He says he has done so for the following reason: [/FONT]​
[FONT=Times New Roman, Times, serif]I've taken down my post entitled "Ron Paul's Money Illusion" because it seems to have provoked mindless rage rather than thoughtful debate.[/FONT]
[FONT=Times New Roman, Times, serif]I'm not sure what he is calling mindless rage, but I remind readers that in the attack on Ron Paul, which he has now pulled, he calls Congressman Paul a pinhead and says the Congressman's argument, that a 95% plus decline in the value of the dollar is destructive, is a "stupid argument."[/FONT]

[FONT=Times New Roman, Times, serif]I can't wait for his new column where he promises to write more carefully and where he promises to include data that will prove a 95% plus loss in value of the dollar is no big deal.[/FONT]

[FONT=Times New Roman, Times, serif]BTW: Although he has pulled his attack article on Ron Paul from his site, it remains up at the Wall Street Pit.[/FONT]

[FONT=Times New Roman, Times, serif]Reprinted with permission from Economic Policy Journal.[/FONT]

David Andolfatto is another Kool-Aide drinker
 

ssd

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And these are the people in charge of the US monetary system? No wonder we are in the straits we are in.

The other day, when questioned on going back to the gold standard, Bernanke said that there was not enough gold in the world.

Are you kidding me? Perhaps not at $1400 per ounce - but how about at $5000 per ounce or $20000 per ounce? Or maybe you should reduce the US money supply that has TRIPLED since 2007. The USD is fiat and essentially worthless in my eyes. This latest round of Quantitative Easing has taken the dollar to it's lowest level in decades.
The FED is now the single largest holder of US Treasuries in the world - they have surpassed China and are currently buying 70% of the US treasuries at auction. Yes - the US is basically buying it's own debt.

The Bernank has the printing presses turned onto high speed. Wonder why oil prices are up? Well, the value of the USD is down and oil is priced in dollars. Since OPEC does not want oil devalued as a consequence of dollar devaluation, the price rises. All commodities are up for this same reason (and many other reasons - this is just one cause)

These people know no more than you or I and have tested their economic theories in a vacuum - and when exposed to the real world, they fail.

In m y humble opinion, the global financial system is setting up for an epic fail
 
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