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Posts Tagged ‘Ron Paul

Bernanke: Student of the depression?

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pfftt! He’s not the only one.

Written by mudshark

September 25, 2008 at 1:54 am

Five years gone: Fannie and Freddie

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Ron Paul in the House Financial Services Committee, September 10, 2003

“Mr. Chairman, thank you for holding this hearing on the Treasury Department’s views regarding government sponsored enterprises (GSEs). I would also like to thank Secretaries Snow and Martinez for taking time out of their busy schedules to appear before the committee.

I hope this committee spends some time examining the special privileges provided to GSEs by the federal government. According to the Congressional Budget Office, the housing-related GSEs received $13.6 billion worth of indirect federal subsidies in fiscal year 2000 alone. Today, I will introduce the Free Housing Market Enhancement Act, which removes government subsidies from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the National Home Loan Bank Board.

One of the major government privileges granted to GSEs is a line of credit with the United States Treasury. According to some estimates, the line of credit may be worth over $2 billion. This explicit promise by the Treasury to bail out GSEs in times of economic difficulty helps the GSEs attract investors who are willing to settle for lower yields than they would demand in the absence of the subsidy. Thus, the line of credit distorts the allocation of capital. More importantly, the line of credit is a promise on behalf of the government to engage in a huge unconstitutional and immoral income transfer from working Americans to holders of GSE debt.”

Written by mudshark

September 16, 2008 at 11:56 pm

The American Majority

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The American Majority

The argument that the two parties should represent opposed ideals and policies, one, perhaps of the Right and the other of the Left, is a foolish idea acceptable only to the doctrinaire and academic thinkers. Instead the two parties should be almost identical, so that the American people can ‘throw the rascals out’ at any election without leading to any profound or extensive shifts in policy.

Carroll Quigley – Author of Tragedy & Hope

The coverage of the presidential election is designed to be a grand distraction. This is not new, but this year, it’s more so than ever.

Pretending that a true difference exists between the two major candidates is a charade of great proportion. Many who help to perpetuate this myth are frequently unaware of what they are doing and believe that significant differences actually do exist. Indeed, on small points there is the appearance of a difference. The real issues, however, are buried in a barrage of miscellaneous nonsense and endless pontifications by robotic pundits hired to perpetuate the myth of a campaign of substance.

The truth is that our two-party system offers no real choice. The real goal of the campaign is to distract people from considering the real issues.

Influential forces, the media, the government, the privileged corporations and moneyed interests see to it that both party’s candidates are acceptable, regardless of the outcome, since they will still be in charge. It’s been that way for a long time. George Wallace was not the first to recognize that there’s “not a dime’s worth of difference” between the two parties. There is, though, a difference between the two major candidates and the candidates on third-party tickets and those running as independents.

The two parties and their candidates have no real disagreements on foreign policy, monetary policy, privacy issues, or the welfare state. They both are willing to abuse the Rule of Law and ignore constitutional restraint on Executive Powers. Neither major party champions free markets and private-property ownership.

Those candidates who represent actual change or disagreement with the status quo are held in check by the two major parties in power, making it very difficult to compete in the pretend democratic process. This is done by making it difficult for third-party candidates to get on the ballots, enter into the debates, raise money, avoid being marginalized, or get fair or actual coverage. A rare celebrity or a wealthy individual can, to a degree, overcome these difficulties.

The system we have today allows a President to be elected by as little as 32% of the American people, with half of those merely voting for the “lesser of two evils”. Therefore, as little as 16% actually vote for a president. No wonder when things go wrong, anger explodes. A recent poll shows that 60% of the American people are not happy with the two major candidates this year.

This system is driven by the conviction that only a major party candidate can win. Voters become convinced that any other vote is a “wasted” vote. It’s time for that conclusion to be challenged and to recognize that the only way not to waste one’s vote is to reject the two establishment candidates and join the majority, once called silent, and allow the voices of the people to be heard.

We cannot expect withdrawal of troops from Iraq or the Middle East with either of the two major candidates. Expect continued involvement in Iran, Iraq, Afghanistan, Pakistan and Georgia. Neither hints of a non-interventionist foreign policy. Do not expect to hear the rejection of the policy of supporting the American world empire. There will be no emphasis in protecting privacy and civil liberties and the constant surveillance of the American people. Do not expect any serious attempt to curtail the rapidly expanding national debt. And certainly, there will be no hint of addressing the Federal Reserve System and its cozy relationship with big banks and international corporations and the politicians.

There is only one way that these issues can get the attention they deserve: the silent majority must become the vocal majority.

This message can be sent to our leaders by not participating in the Great Distraction—the quadrennial campaign and election of an American President without a choice. Just think of how much of an edge a Vice President has in this process, and he or she is picked by a single person—the party’s nominee. This was never intended by the Constitution.

Since a principled non-voter sends a message, we must count them and recognize the message they are sending as well. The non-voters need to hold their own “election” by starting a “League of Non-voters” and explain their principled reasons for opting out of this charade of the presidential elective process. They just might get a bigger membership than anyone would guess.

Write-in votes should not be discouraged, but the electoral officials must be held accountable and make sure the votes are counted. But one must not be naïve and believe that under today’s circumstances one has a chance of accomplishing much by a write-in campaign.

The strongest message can be sent by rejecting the two-party system, which in reality is a one-party system with no possible chance for the changes to occur which are necessary to solve our economic and foreign policy problems. This can be accomplished by voting for one of the non-establishment principled candidates—Baldwin, Barr, McKinney, Nader, and possibly others. (listed alphabetically)

Yes, these individuals do have strong philosophic disagreements on various issues, but they all stand for challenging the status quo—those special interest who control our federal government. And because of this, on the big issues of war, civil liberties, deficits, and the Federal Reserve they have much in common. People will waste their vote in voting for the lesser of two evils. That can’t be stopped overnight, but for us to have an impact we must maximize the total votes of those rejecting the two major candidates.

For me, though, my advice—for what it’s worth—is to vote! Reject the two candidates who demand perpetuation of the status quo and pick one of the alternatives that you have the greatest affinity to, based on the other issues.

A huge vote for those running on principle will be a lot more valuable by sending a message that we’ve had enough and want real change than wasting one’s vote on a supposed lesser of two evils.

Ron Paul
Campaign for Liberty

Is It Good For One To Be Free

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Print version at Freedom’s Phoenix.

(h/t to JohnDarash for the orig. vid.)

Thomas E. Woods on Presidents

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His speech at the r3VOLution March,
and the transcript of Charles Goyette’s preceding speech.

Written by mudshark

July 15, 2008 at 11:51 pm

Real Change

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from the latest TST.

One reason people are unhappy with the way politics and governments operate is that people who run for office are known to “say one thing and do another.” Thus, we have the call for “change.” Candidates for high office make frequent use of that word. Even our House Republican Conference’s recently released slogan highlights that word.

Yet, bringing about change is easier said than done. The American people are aware that government is broken and must be fixed. They will demand more than lip service as our problems become more severe.

Change, then, cannot simply be a word. It must be the right program, one that gets us out of this mess, not one that just accelerates us down the same treacherous path. With our economy facing a perilous situation, the need to bring fiscal reform to our government is the cornerstone of the kind of change that is needed. Real budgetary and monetary reform would signify a true change of direction, instead of merely a change of speed toward the economic cliff we are approaching.

Americans realize that their own financial situation is perilous. The nation as a whole is deeply in debt, having mortgaged the future of our children and grandchildren. When politicians talk about what they plan to do for future generations, they ought to begin by stating how they will remove the huge debt burden, not how they will find more ways to spend more money they don’t have.

In order to allow Americans to pay for their needs, whether for healthcare, education, or basics like food and gasoline, we need to change tax and monetary policies so the American people control more of their own money. That money needs to stay in the economy, and out of the government money pit.

This means we must curb the voracious spending appetite of our federal government. We need to rein in international commitments, especially the very expensive costs of maintaining a worldwide military presence, as a key first step to restructuring our budget and economy in a fashion that will allow Americans to provide for themselves.

We need to take a view of government that better reflects our own experience, as well as the wisdom of our nation’s founders. There are very few constitutionally authorized federal powers, and returning daily government to this wisdom is real change.

Working toward a less intrusive, less expensive federal government focused on defending against overt actions of force and fraud, is the means to bringing about real change. As we hear the repeated claims of those who wish to cast themselves as agents of change, we will do well to recall that more federal meddling is not a change in direction at all, but just “more of the same.” We should be repealing programs, not proposing costly new bureaucracies.

Change, real change, the only kind of change that will quench the thirst of the American people for a new direction and provide us with the prosperity and security necessary to preserve our Republic as a beacon of liberty, requires bold initiatives designed to move our country away from economic peril by putting faith in free citizens instead of in Washington.

Written by mudshark

July 8, 2008 at 3:15 am

truthout interview w/Dr. Ron Paul

with 2 comments

by William Rivers Pitt

[blip.tv ?posts_id=919985&dest=-1]

(h/t – Lo)

Written by mudshark

July 7, 2008 at 10:44 pm