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Interview: Ron Paul and the Never-Ending Story of Empire

Interview: Ron Paul and the Never-Ending Story of Empire

The other day was felt like the fulfillment of a life goal. Sitting down to talk politics, economics, and climate with the irreplaceable Ron Paul was beyond a thrill, it was an honor.

It’s been a long time coming. This blog and the content I produce is the culmination of a fifteen year journey towards this. It began innocently enough with reading one article at Lewrockwell.com back in 1999, right after the site went live. 

Then I read the rest of them. That day and pretty much every day for years. It took me six years to get up the courage to submit a piece to Lew for publication.

For me discovering LRC, the Mises Institute and Dr. Paul were like a lot of young men today discovering Jordan Peterson. 

It was life-affirming. And it gave the next phase of my life something it was missing to that point — direction, shape and purpose. 

I was there in 2008 when Ron Paul did the bravest thing I’ve seen a politician ever do, stand up to the bully Guiliani on the world’s biggest stage and criticize our foreign policy. It was the spark that lit the fire that led to where we are today.

It showed a strength and depth of character that leapt off the screen and galvanized the silent majority to be silent no longer. And the rest was a refutation of the end of history.

Today we stand on a point in the continuum, a possible inflection point in the direction the world will go. Embrace the tired and ugly Marxist filth that destroyed hundreds of millions of people in the twentieth century (and altered the trajectory of history) or reject it whole cloth and build new institutions learning from those incalculable mistakes and horrors.

 …click on the above link to read the rest of the article…

Trump’s Venezuela Fiasco

Trump’s Venezuela Fiasco

Last week President Trump announced that the United States would no longer recognize Nicholas Maduro as president of Venezuela and would recognize the head of its national assembly, Jose Guaido, as president instead. US thus openly backs regime change. But what has long been a dream of the neocons may well turn out to be a nightmare for President Trump.

Why did Trump declare that the Venezuelan president was no longer the president? According to the State Department, the Administration was acting to help enforce the Venezuelan constitution. If only they were so eager to enforce our own Constitution!

It’s ironic that a president who has spent the first two years in office fighting charges that a foreign country meddled in the US elections would turn around and not only meddle in foreign elections but actually demand the right to name a foreign country’s president! How would we react if the Chinese and Russians decided that President Trump was not upholding the US Constitution and recognized Speaker Nancy Pelosi as US president instead?

Even those who would like to see a change of government in Venezuela should reject any notion that the change must be “helped” by the United States. According to press reports, Vice President Mike Pence was so involved in internal Venezuelan affairs that he actually urged Guaido to name himself president and promised US support. This is not only foolish, it is very dangerous. A Venezuelan civil war would result in mass death and even more economic misery!

Regime change has long been US policy for Venezuela. The US has been conducting economic warfare practically since Maduro’s predecessor, Hugo Chavez, was first elected in 1998.

 …click on the above link to read the rest of the article…

Fire the Fed?

Fire the Fed?

President Trump’s frustration with the Federal Reserve’s (minuscule) interest rate increases that he blames for the downturn in the stock market has reportedly led him to inquire if he has the authority to remove Fed Chairman Jerome Powell. Chairman Powell has stated that he would not comply with a presidential request for his resignation, meaning President Trump would have to fire Powell if Trump was serious about removing him.

The law creating the Federal Reserve gives the president power to remove members of the Federal Reserve Board — including the chairman — “for cause.” The law is silent on what does, and does not, constitute a justifiable cause for removal. So, President Trump may be able to fire Powell for not tailoring monetary policy to the president’s liking.

By firing Powell, President Trump would once and for all dispel the myth that the Federal Reserve is free from political interference. All modern presidents have tried to influence the Federal Reserve’s policies. Is Trump’s threatening to fire Powell worse than President Lyndon Johnson shoving a Fed chairman against a wall after the Federal Reserve increased interest rates? Or worse than President Carter “promoting” an uncooperative Fed chairman to Treasury secretary?

Yet, until President Trump began attacking the Fed on Twitter, the only individuals expressing concerns about political interference with the Federal Reserve in recent years were those claiming the Audit the Fed bill politicizes monetary policy. The truth is that the audit bill, which was recently reintroduced in the House of Representatives by Rep. Thomas Massie (R-KY) and will soon be reintroduced in the Senate by Sen. Rand Paul (R-KY), does not in any way expand Congress’ authority over the Fed. The bill simply authorizes the General Accountability Office to perform a full audit of the Fed’s conduct of monetary policy, including the Fed’s dealings with Wall Street and foreign central banks and governments.

 …click on the above link to read the rest of the article…

Rough Times Ahead, But Liberty Can Still Win

Rough Times Ahead, But Liberty Can Still Win

While Congress and the president fight over funding a border wall, they continue to ignore the coming economic tsunami caused by the approximately 22 trillion dollars (and rapidly increasing) federal debt. President Trump may not be troubled by the debt’s effect on the economy because he believes he will be out of office before it becomes a major problem. However, the crisis may come sooner than he, or most people in DC, expects.

The constituency for limited government, while growing, is still far outnumbered by those wanting government to provide economic and personal security. From lower-income Americans who rely on food stamps, public housing, and other government programs, to middle-class Americans who live in homes they could not afford without assistance from federal agencies like Fannies Mae and Freddie Mac, to college students reliant on government-subsidized student loans, to senior citizens reliant on Social Security and Medicare, to billionaire CEOs whose companies rely on bailouts, subsidies, laws and regulations written to benefit politically-powerful businesses, and government contracts, most Americans are reliant on at least one federal program. Many programs are designed to force individuals to accept government aid. For example, it is almost impossible for a senior citizen to obtain health insurance outside of Medicare.

The welfare state is fueled by the Federal Reserve’s easy money policies, which are also responsible for the boom-and-bust cycle that plagues our economy. The Federal Reserve’s policies do not just distort our economy, they also distort our values, as the Fed’s dollar depreciation causes individuals to forgo savings and hard work in favor of immediate gratification. This has helped create an explosion of business and individual debt. There has been a proliferation of bubbles, including in credit card debt, auto loans, and student loans. There is even a new housing bubble.

…click on the above link to read the rest of the article…

Ron Paul: The Market Correction Could Make Things ‘Worse Than 1929’

Ron Paul: The Market Correction Could Make Things ‘Worse Than 1929’

Former presidential candidate, Dr. Ron Paul says that the current market conditions are ripe for a correction of 50% and Wall Street is vulnerable to depression-like conditions in the next year. “It could be worse than 1929,” Dr. Paul said recently in an interview.

Paul said Thursday on CNBC‘sFutures Now that “Once this volatility shows that we’re not going to resume the bull market, then people are going to rush for the exits.”  Paul added that “it could be worse than 1929.”  He was referencing the fateful day in October of 1929 when the stock market crashed, and the United States was flung into the Great Depression that lasted ten years. During that year, a worldwide depression was ignited because of the U.S.’s market crash.  The stock market began hemorrhaging and after falling almost 90 percent, sent the U.S. economy crashing a burning.

And of course, no one believes it could happen again. But Dr. Paul is continuously warning against the media’s constant optimism. As well-known Libertarian, Paul has been warning Wall Street that a massive market plunge is inevitable for years. He’s currently projecting a 50 percent decline from current levels as his base case, citing the ongoing U.S.-China trade war as a growing risk factor. “I’m not optimistic that all of the sudden, you’re going to eliminate the tariff problem. I think that’s here to stay,” he said. “Tariffs are taxes.”  And these tariffs are a direct tax on the American economy and consumer.

Paul places the blame for the inevitable future crash on the Federal Reserve’s “easy money policies” also known as quantitative easing.  He contended the Federal Reserve’s quantitative easing has caused the “biggest bubble in the history of mankind.” And this time, it’s an everything bubble.

…click on the above link to read the rest of the article…

The Russia Investigation is about Criminalizing Peace

The Russia Investigation is about Criminalizing Peace

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“For those who long wondered why throughout the presidential campaign Trump could not bring himself to say a critical word about Russian President Vladimir Putin, we now know the answer: Trump was hoping to do business in Russia, and doing so would require the approval of Putin.” – USA TodayOpinion

Make no mistake, the mainstream left and state serving-media voices are trying to gaslight an entire generation into believing any candidate that wants peace with Russia may be a foreign conspirator worthy of prison, shame, and family persecution.

Former congressman Ron Paul, as a peace presidential candidate, did not regurgitate war propaganda against Russia either. Neither did Senator Rand Paul when he ran. What Paul hotel do you see in Moscow? Yet for future generations, many in the media want to ensure no such candidate ever runs again without baked-in misgivings of treason and criminality.

No serious observer of recent events can honestly believe the mono-narrative the old media, including “hard news” outfits, has tried to curate about the 2016 election. However, the aim of the last two years of conspiratorial hysteria has been to sear into the minds of low information voters suspicion of any successful political figure who even half challenges the conventional wisdom that America must perpetually spend hundreds of billions on NATO, collect citizens’ private conversations, sanction Russian citizens, and intervene in Russia’s local border disputes.

This is nothing new. When Martin Luther King Jr. used his national spotlight to challenge the moral authority of the Vietnam War, he was denounced as a subversive agent of enemy foreign powers.

What voters need to understand is that those who challenge bipartisan orthodox foreign policy are the leaders most likely to keep them safe from foreign authoritarians.

…click on the above link to read the rest of the article…

2019 Outlook: The State of Sound Money in the United States

2019 Outlook: The State of Sound Money in the United States

The Great Recession, coupled with the “Ron Paul Revolution,” prompted a renaissance of the sound money movement in the United States.

As Germany, Russia, and China — to name a few — continue to increase their gold holdings, the hegemonic power of Federal Reserve Notes (referred to today as the dollar) is slowly slipping away.

Simultaneously, whispers—once relegated to fringe corners—of restoring sound money have become passionate, concerned, and loud.

The destruction of sound money over the past century stems from actions at the federal level, but there are steps which states can take —and even have already taken —to move toward real, sound, constitutional money.

As state legislatures reconvene in the next few weeks, let’s take a look at the current state of play…

Since 2016, sound money has made a splash on the state level. According to the 2018 Sound Money Index, a new ranking of all 50 states on the extent to which they have implemented the pro-sound money policies, there are currently 38 states with an exemption of sales and use tax on the purchase of gold and silver.

Since 2016, legislators in 10 different states have introduced bills, seven of which were signed into law, to restore sound money by eliminating taxes on gold and silver within their borders.

In 2017, a quarter of all states without a sales tax exemption on gold and silver introduced new measures to eliminate the tax against the monetary metals. As states continue to make inroads on the sales tax issue, Tennessee and West Virginia are expected to introduce bills to remove sales and use taxes on sound money in 2019.

…click on the above link to read the rest of the article…

President Trump’s Iran Policy – Is It ‘Normal’?

President Trump’s Iran Policy – Is It ‘Normal’?

It’s not often that US Government officials are honest when they talk about our foreign policy. The unprovoked 2003 attack on Iraq was called a “liberation.” The 2011 US-led destruction of Libya was a “humanitarian intervention.” And so on.

So, in a way, Secretary of State Mike Pompeo was refreshingly honest last week when, speaking about newly-imposed US sanctions, he told the BBC that the Iranian leadership “has to make a decision that they want their people to eat.” It was an honest admission that new US sanctions are designed to starve Iranians unless the Iranian leadership accepts US demands.

His statement also reveals the lengths to which the neocons are willing to go to get their “regime change” in Iran. Just like then-Secretary of State Madeleine Albright said it was “worth it” that half a million Iraqi children died because of our sanctions on that country, Pompeo is letting us know that a few million dead Iranians is also “worth it” if the government in Tehran can be overthrown.

The US Secretary of State has demanded that Iran “act like a normal country” or the US would continue its pressure until Iran’s economy crumbles. How twisted is US foreign policy that Washington considers it “normal” to impose sanctions specifically designed to make life miserable – or worse – for civilians!

Is it normal to threaten millions of people with starvation if their leaders refuse to bow down to US demands? Is the neoconservative obsession with regime change “normal” behavior? Is training and arming al-Qaeda in Syria to overthrow Assad “normal” behavior? If so, then perhaps Washington’s neocons have a point. As Iran is not imposing sanctions, is not invading its neighbors, is not threatening to starve millions of Americans unless Washington is “regime-changed,” perhaps Iran is not acting “normal.”

…click on the above link to read the rest of the article…

Trump Is Right, the Fed Is Crazy

Trump Is Right, the Fed Is Crazy

President Trump recently called the Federal Reserve’s interest rate hikes crazy. Leaving aside President Trump’s specific complaint, which is likely motivated by the belief that low rates will help him win reelection, he is right that “crazy” is a good way to describe the Federal Reserve.

When not forced to use a government-created currency, individuals have historically chosen to use a precious metal such as gold or silver as money. The reasons include that precious metals are durable and their value tends to remain relatively stable over time. A stable currency ensures that prices accurately convey the true value of goods and services.

A main value of a precious metal is it accurately conveys the true price of money, which is the Interest rate. If the interest rate reflects the manipulation of central bankers and not true market conditions, individuals will be unable to properly allocate resources between savings and current consumption.

In contrast to market money, government-created fiat currency is anything but stable. Central banks constantly increase and decrease the money supply in an attempt to control the economy by controlling the interest rates. This causes individuals to misread market conditions, leading to a misallocation of resources. This can create an illusion of prosperity. But eventually reality catches up to the Federal Reserve-created fantasies. When that happens, there is a recession or worse, leading the Fed to start the whole boom-and-bust cycle over again.

When central banks create money, those who first get the new money enjoy an increase in purchasing power before the new money causes a real increase in prices. Those who receive the money first are members of the banking and financial elite.

…click on the above link to read the rest of the article…

Ten Years After the Last Meltdown: Is Another One Around the Corner?

Ten Years After the Last Meltdown: Is Another One Around the Corner?

September marked a decade since the bursting of the housing bubble, which was followed by the stock market meltdown and the government bailout of the big banks and Wall Street. Last week’s frantic stock market sell-off indicates the failure to learn the lesson of 2008 makes another meltdown inevitable.In 2001-2002 the Federal Reserve responded to the economic downturn caused by the bursting of the technology bubble by pumping money into the economy. This new money ended up in the housing market. This was because the so-called conservative Bush administration, like the “liberal” Clinton administration before it, was using the Community Reinvestment Act and government-sponsored enterprises Fannie Mae and Freddie Mac to make mortgages available to anyone who wanted one — regardless of income or credit history.

Banks and other lenders eagerly embraced this “ownership society”’ agenda with a “lend first, ask questions when foreclosing” policy. The result was the growth of subprime mortgages, the rush to invest in housing, and millions of Americans finding themselves in homes they could not afford.

When the housing bubble burst, the government should have let the downturn run its course in order to correct the malinvestments made during the phony, Fed-created boom. This may have caused some short-term pain, but it would have ensured the recovery would be based on a solid foundation rather than a bubble of fiat currency.

Of course Congress did exactly the opposite, bailing out Wall Street and the big banks. The Federal Reserve cut interest rates to historic lows and embarked on a desperate attempt to inflate the economy via QE 1, 2, and 3.

…click on the above link to read the rest of the article…

Trump Is Right: The Federal Reserve Is Crazy And Here Are 101 Reasons Why It Should Be Shut Down

Trump Is Right: The Federal Reserve Is Crazy And Here Are 101 Reasons Why It Should Be Shut Down

Donald Trump just made one of the most brilliant moves of his entire presidency.  By accusing the Federal Reserve of “going loco”, he is placing the blame for the coming stock market crash and horrifying economic downturn squarely where it belongs, and he is firing up millions of true conservatives among his base at the same time.  For many, many years, a lot of us have been trying to educate the American people about the deeply insidious Federal Reserve system.  As Ron Paul once so astutely observed, it is actually about as “federal” as Federal Express is.  The Federal Reserve is an unelected cabal of central bankers that is running our economy into the ground, and the only way we are going to fix our long-term economic and financial problems is if we abolish it.  So for those of us that understand these things, it is extremely exciting to hear President Trump use language such as this

President Donald Trump knocked the Federal Reserve for continuing to raise interest rates despite some recent market turbulence.

“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” the president said after walking off Air Force One in Erie, Pennsylvania for a rally.

That may be one of the greatest things that Donald Trump has ever said.

And if Trump feels like his base is really responding to this sort of rhetoric, he may start using it as a campaign tactic.

Could you imagine thousands upon thousands of supporters chanting “End the Fed” at Trump rallies leading up to the 2020 election?

That would definitely be a beautiful thing.

…click on the above link to read the rest of the article…

We Witnessed The 3rd Largest Point Crash In Stock Market History On The Same Day That The 3rd Most Powerful Hurricane To Ever Hit The U.S. Made Landfall

We Witnessed The 3rd Largest Point Crash In Stock Market History On The Same Day That The 3rd Most Powerful Hurricane To Ever Hit The U.S. Made Landfall

If you don’t believe in “coincidences”, what are we supposed to make of this?  On Wednesday, the 3rd most powerful hurricane to ever hit the United States made landfall in the Florida panhandle.  Entire communities were absolutely shredded as Hurricane Michael came ashore with sustained winds of 155 miles per hour.  You can find the entire article that I just posted about this massive storm right here.  In this article, I am going to focus on what just happened on Wall Street.  At the exact same time that Hurricane Michael was causing chaos in the Southeast, an October stock market crash was causing havoc in the Northeast.  The Dow Jones Industrial Average was down 831 points, which was the 3rd largest single day point crash in stock market history.  Of course it isn’t as if we hadn’t been repeatedly warnedthat this was coming, and the truth is that it looks like this is only the start of the financial shaking.

In fact, international financial markets are in a state of chaos as I write this article.  Asian markets are a sea of red, and at this moment Dow futures are way down.

So it appears likely that Wednesday’s nightmare may extend into Thursday as well.

But before we look ahead too much, let’s talk about the utter carnage that we just witnessed.

According to Bloomberg, the 500 wealthiest people in the world lost 99 billion dollars on Wednesday…

Plunging global markets lopped $99 billion from the fortunes of the world’s 500 wealthiest people on Wednesday, the year’s second-steepest one-day drop for the Bloomberg Billionaires Index.

…click on the above link to read the rest of the article…

Ron Paul Is Warning That A 50% Stock Market Decline Is Coming – And That There Is No Way To Stop It

Ron Paul Is Warning That A 50% Stock Market Decline Is Coming – And That There Is No Way To Stop It

Is Ron Paul about to be proven right once again?  For a very long time, Ron Paul has been one of my political heroes.  His willingness to stand up for true constitutional values and to keep saying “no” to the Washington establishment over and over again won the hearts of millions of American voters, and I wish that there had been enough of us to send him to the White House either in 2008 or in 2012.  To this day, I still wish that we could make his classic work entitled “End The Fed” required reading in every high school classroom in America.  He was one of the few members of Congress that actually understood economics, and it is very sad that he has now retired from politics.  With the enormous mess that Washington D.C. has become, we sure could use a lot more statesmen like him right now.

But even though he has retired from politics, Ron Paul is still speaking out about the most important issues of the day.  And what he recently told CNBC is extremely ominous.

The following comes from a CNBC article entitled “Ron Paul: US is barreling towards a stock market drop of 50% or more, and there’s no way to prevent it”

According to the former Republican Congressman from Texas, the recent jump in Treasury bond yields suggest the U.S. is barreling towards a potential recession and market meltdown at a faster and faster pace.

And, he sees no way to prevent it.

Of course lots of such predictions are flying around these days.

In fact, at this point even the IMF is warning of a “second Great Depression”.

…click on the above link to read the rest of the article…

Why Are We Siding With al-Qaeda?

Why Are We Siding With al-Qaeda?

Last week, I urged the Secretary of State and National Security Advisor to stop protecting al-Qaeda in Syria by demanding that the Syrian government leave Idlib under al-Qaeda control. While it may seem hard to believe that the US government is helping al-Qaeda in Syria, it’s not as strange as it may seem: our interventionist foreign policy increasingly requires Washington to partner up with “bad guys” in pursuit of its dangerous and aggressive foreign policy goals.

Does the Trump Administration actually support al-Qaeda and ISIS? Of course not. But the “experts” who run Trump’s foreign policy have determined that a de facto alliance with these two extremist groups is for the time being necessary to facilitate the more long-term goals in the Middle East. And what are those goals? Regime change for Iran.

Let’s have a look at the areas where the US is turning a blind eye to al-Qaeda and ISIS.

First, Idlib. As I mentioned last week, President Trump’s own Special Envoy to fight ISIS said just last year that “Idlib Province is the largest Al Qaeda safe haven since 9/11.” So why do so many US officials – including President Trump himself – keep warning the Syrian government not to re-take its own territory from al-Qaeda control? Wouldn’t they be doing us a favor by ridding the area of al-Qaeda? Well, if Idlib is re-taken by Assad, it all but ends the neocon (and Saudi and Israeli) dream of “regime change” for Syria and a black eye to Syria’s ally, Iran.

Second, one of the last groups of ISIS fighters in Syria are around the Al-Tanf US military base which has operated illegally in northeastern Syria for the past two years.

…click on the above link to read the rest of the article…

‘Steady State’ Or Deep State? Ron Paul Crushes The New York Times’ Hate-Driven Coup

The New York Times unleashed a firestorm by publishing an anonymously written op-ed from someone purporting to be a “senior US Administration official” and who writes of a secret cabal within the US government that conspires to thwart President Trump’s agenda.

Presented as a heroic “resistance” from within, many see it as the work of a dangerous and undemocratic “deep state.”

As Ron Paul and Daniel Mcadams discuss below, is the “steady state,” as the NYT anonymous writer terms it, really another word for the “deep state”?

Peter van Buren sums the situation up perfectly: The op-ed does indeed signal a crisis, but not a Constitutional one. It is a crisis of collusion, among journalists turned to the task of removing a president via what some would call a soft coup.

Because it’s either that, or we’re meant as a nation to believe an election should be overturned two years after the fact based on a vaguely-sourced tell-all book and an anonymous op-ed…

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