I want to vote Ron Paul…..I’ve supported him from the beginning and even swayed more than a few to want to vote for him, but now that he’s off the ticket and doesn’t have a chance because we can’t write him in I am confused, REALLY CONFUSED over who to vote for. Garry Johnson would probably be my next choice, however I don’t want to just split the vote and wind up with either Romney or even worse…..OBAMA who will pound us even further into the ground over then next four years….If you haven’t seen D’nesh D’Sousa’s movie on Obama you owe it to yourself and your country to do so. It is an unbiased fact based movie on Barack Obama and where this country is being led. Do most people know that both Barack and Michelle have both been disbarred from practicing law?? Michelle in ’93 only 4 years after earning a Harvard law degree and Barack in 2008 for perjuring himself when asked if he had went by any other name when he passed the bar. (He used his adopted name Barry Sotoro) Why did Obama identify with Frank Marshall who was a card carrying communist? Why did he hang with Bill Ayers a former inmate who we all know did prison time for bombing the pentagon and other government buildings? What about Rev. Jeremiah Wright?? Why wont Obama release ANY of his papers from any of his schools whether they be from his student or teaching days?? HE IS JUST A MYSTERY MAN!!!! He sure found out after the mid term elections where the American people stand and will find out again on Nov. 6th. But, don’t even get me started on ROMNEY~ Here is someone who changes his mind more than he changes his underwear and is a little too “religious” for everybody else’s good. He’s in bed way too much with Israel which will have the tail wagging the dog once again as usual and my prediction is that with Romney we will find ourselves fighting in the middle east until the mid 2020′s…..for what????? For NOTHING, that’s what. So that we can live in fear of the next terrorist attack and the next and the next and so on and so on, while his sons of course are placed far from harm’s way. We don’t need YET ANOTHER president COMMANDER IN CHIEF who has NEVER SEEN BATTLE or the harsh realities that come with it. But……these are our choices, slim and none.
For those in the local area who are not aware, there is a nation-wide effort to get Ron Paul on the ballot in all 50 states as a write-in candidate without the requirement of his formal/submitted declaration to run as a write-in candidate.
In the state of Oregon you can write in Ron Paul as a presidential candidate and the votes will be counted/tallied as long as they are sufficient in quantity to have an impact on the outcome of the Oregon vote concerning the presidential election Nov. 6, 2012.
Please visit writeinronpaul
2012.org, writeinrevolution.com and dailypaul.com for information pertaining to absentee ballot voting, poll voting and the ability to download the affidavit as recommended for submitting to the board of elections in your county when writing him in as a presidential candidate. Peace and love.
During the presidential debates and on the campaign trail, former Governor Mitt Romney has focused many of his attacks on China. Accusing them of “manipulating their currency” to gain and unfair trade advantage against the U.S., Romney has promised to isolate China on his first day in his office in part of a broader hawkish policy towards China. But not only is Romney wrong to demonize China, he completely ignores the real currency manipulators: the U.S. Federal Reserve.
In classic politician doublespeak, Romney’s accusations against China are a few truths mixed in with a lot of lies, pandering and propaganda. While it is true that China has been keeping the value of its currency artificially low over the last decade, this has been largely in response to the U.S. doing essentially the exact same thing for four decades now.
Since 1971 when President Nixon infamously defaulted and cut all gold ties from the dollar, the U.S. government and the Federal Reserve have been printing trillions of dollars as part of a deliberate strategy to boost U.S. exports and harm nations exporting goods to the U.S. China holds hundreds of billions worth of U.S. government bonds of debt and has been repaying its creditors, like China, with increasingly devalued dollars.
And since the Bretton Woods agreement after World War II, the U.S. dollar has been the de facto world reserve currency. Rather than relying on economic production and wealth, the flooding of the U.S. and world markets with an abundance of cheap, paper money has allowed the U.S. to maintain a position to project military power, maintain overseas bases, gain trade advantages, and temporarily ignore economic laws. This, combined with a heavy and tricky domestic tax burden, has resulted in a tremendous exodus of capital from the U.S.
China, and many other emerging nations, are quietly becoming sick of borrowing paper money from the American government and taking refuge in gold.
Romney’s multiple attacks on China during the debates (even President Obama got in on the anti-China bashing) ignored what has been happening right under his nose for decades. In the last forty years, thanks to the Federal Reserve’s devaluation, the U.S. dollar has lost nearly 85% of its value. Compared to just ten years ago, it buys almost 40% less. A partial audit of the Fed revealed a staggering $16 trillion were printed and loaned out, in secret, to American banks and foreign governments.
But without the presence of Congressman Ron Paul at the debates, or a mainstream media that aren’t stenographers and lapdogs, the devaluation of the U.S. currency through inflation and borrowing wasn’t even discussed.
The problem is both ideological and practical. The bipartisan consensus in Washington accepts the idea that a central bank like the Federal Reserve should have the authority, and can possibly possess all of the information, to set interest rates and create credit without the necessary economic production. This fallacy was smashed by F.A. Hayek (and countless others), who won a Nobel Prize in economics in 1974 for his work explaining the business cycle and the conceit of central planners and government price fixers that dooms them to failure.
Practically, an admission of the U.S. as the real currency manipulators would mean that Romney, Obama, or the rest of Congress would have to actually tell the truth about how the U.S. government is financed and operates. In order for the U.S. government to meet its budgetary obligations, it has to monetize this debt by printing the money. While this masks the problem in the short-term, it destroys the value of each dollar, ripping apart the middle class, cartelizing wealth, and allowing the U.S. to continue to limp along under the illusion of strength.
It is either keep the printing presses rolling, or face up to economic reality and completely restructure the size and obligations of the U.S. government and have the Fed stop creating money to finance the debt. But what politician in their right mind would possibly want to do this? This would result in skyrocketing interest rates, a very heavy short-term recession, and some very angry creditors. And how exactly does Romney expect to pay for his multi-trillion dollar increases in the defense budget without the Fed manipulating the currency?
What Romney’s attacks on China reveal, more than a profound concern with China’s supposed market manipulation, is the creation of the bogeyman him and the neocons surrounding him have been wanting for years. A new cold war, with all of the entangling alliances, covert wars, taxes, and hyper-nationalism that go along with it. The current bogeyman of “Islamic terrorism” is an incredibly inflated threat, so big, bad China will replace it with fearmongering over currency manipulation and “outsourcing” to justify the Pentagon’s increasingly bigger budgets.
Is China really a threat to the U.S.? To American military hegemony over the region, perhaps, but I myself can’t wait to say good riddance to that. As for the security of the American people, I am highly skeptical.
While China has been wise in avoiding the costly and bloody foreign policy that the U.S. has been waging, much of their economic growth has been a result of central bank induced easy money expansion. Yes, there are many areas of China that are liberalizing and lifting millions out of poverty, but there are empty ghost towns filled with magnificent skyscrapers and housing complexes with no one inside — the predictable consequence of artificially low interest rates creating bubbles that eventually burst (sound familiar?).
China is building up its military and showing off its navy, but much of what they (and us!) are making are built for WWI, but are incredibly vulnerable, expensive, and highly unsuitable for a future where threats will be increasingly decentralized, stateless, and guerrilla. If China wants to start heading down the road to empire and power projection abroad, let them have that costly burden. History has not been kind to empires, and America is more than capable of defending itself.
So while China may indeed be “manipulating its currency” as Romney claims, the U.S. has followed the worst example of this “beggar thy neighbor” policy. What Romney (and Obama) prescribe is diplomatic tough-talk, protectionism, trade wars, and potential military conflict. But what the U.S. needs is the promotion of a strong currency to bring capital back and encourage economic production and savings — and a thorough examination of the real counterfeiters and currency manipulators right here in Washington.
It has been a tough summer and fall for Ron Paul.
In June, he conceded the Republican presidential nomination. In August, he turned down a chance to speak at the Republican convention when he reportedly was told he would have to fully endorse Mitt Romney. A video tribute to Mr. Paul ran instead.
His delegates were barred from and accused of disrupting the party proceedings.
And now through three presidential debates, the Texas congressman’s pet issue, monetary policy, has been ignored. “They don’t want to talk about it,” Mr. Paul said in an interview Tuesday.
He added sarcastically: “It’s not important enough. It’s only half of every single transaction in the world.”
You would think that even if Ron Paul the presidential candidate has failed, Ron Paul the Fed critic would be alive and well, front and center in the national debate. After all, any economist will tell you we are living in an unprecedented time of active central banking.
Ben Bernanke, chairman of the U.S. Federal Reserve, has embarked on the third part of an already $2.3 trillion easing program aimed at stimulating the U.S. economy.
Mario Draghi, president of the European Central Bank, has bought €210 billion ($272.4 billion) in sovereign bonds and promised to buy more to keep interest rates low to spur growth in the European Union. Combined with bank lending, the ECB’s balance sheet is now more than $4 trillion.
Supporters argue that central bankers are setting the stage for a robust recovery. Critics argue that these reserve banks are making the problem worse by trying to fix one credit bubble with another.
Yet as controversial and full of impact as these moves have been, they have hardly captured center stage in the political realm. You’re more likely to hear President Barack Obama or Mr. Romney talk about “binders of women” or “bayonets and horses” than monetary policy.
Mr. Paul is realistic but disappointed. For a politician who ran three presidential campaigns—1988, 2008 and 2012—in which overhauling the Fed was a central platform, relegating the issue to secondary status on the campaign trail has produced mixed feelings.
“They’d just as soon not talk about it too much,” Mr. Paul said. Still he added that he is “always amazed at the amount of attention we’ve gotten over the last several years from the grass roots, but it’s coming from the grass roots. It’s not coming from the leadership of the Democratic or Republican parties.”
The candidates haven’t completely ignored the issue. Mr. Obama has stood by Mr. Bernanke and his policy at the Fed. The president lobbied hard for Mr. Bernanke and renominated him in 2010. Mr. Romney has criticized the Fed’s actions as inflationary and punchless. He has promised to replace Mr. Bernanke but hasn’t hinted at whom he would tap for the job.
Mr. Romney also has said he would consider a gold commission that would study the possibility of tying the value of a dollar to the price of gold.
Mr. Paul and his devoted following argue that it’s not enough. Mr. Paul said most of our economic ills can be traced to Fed policy run amok. He finds it ironic that the candidates talk about the recession, the jobs lost to it, bailouts, the national deficit and debt swelled by it, without mentioning monetary policy.
“I wish somebody would ask the question,” he said. “I did my best to call attention to it.”
Mr. Paul said that with a hint of finality. After all, he announced last summer that this term in Congress would be his last. He will no longer have Capitol Hill as his stage. Not to worry, he adds. There’s a lot of criticism about monetary policy happening outside of Washington. He says he would serve, if asked, on a gold commission or in a role related to his cause.
Ultimately, however, if his own accounting of the situation is correct, whoever is in the White House during the next four years will have to consider the Fed and its impact. Just last week, Mr. Paul noted, the Fed bought $20 billion in Treasurys, while foreign banks bought $22 billion. “This wasn’t money that was earned,” he said. “How long can this go on?”
Debate about the Fed’s role “will come back,” Mr. Paul said. “It will be forced on the front burner because as long as we keep doing this and the longer the delay, the bigger the problem becomes.”