Daily Archives: March 7, 2013

Ron PaulA left-leaning think tank is chiding a right-leaning think tank for inviting the 'Godfather of the Tea Party movement' to speak at an event later this week.

The Manning Centre for Building Democracy of which Preston Manning is the President and CEO has invited Ron Paul to speak its annual Manning Networking Conference (MNC) which, "brings together conservative-oriented thinkers, interest groups, activists, politicians, critics, and students."

[ Related: The top 10 family dynasties in Canadian politics ]

The Broadbent Institute named after former NDP leader Ed Broadbent is "concerned" about it.

Former Republican Congressman Ron Paul has been invited to speak at this years Manning Centre convention in Ottawa. Considered the Godfather of the Tea Party movement, he will deliver the keynote address at an event about Big Ideas for Conservatives.

If you are wondering what Ron Paul has to teach Canadians, or why the Manning Centre has invited him to share his perspective, you are not alone.

Broadbent's team has produced a video reminding Canadians who Ron Paul is.

"The same Ron Paul who recently suggested: The United States should have competing currencies," claims an excerpt from the video.

"And on the 40th anniversary of the Civil Rights Act suggested that it violated the constitution and reduced individual liberties.

"Oh, and it's 2013 and he still doesn't believe in climate change."

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Broadbent Institute bemoans Manning Centre inviting Ron Paul to speak

Jessica Burt/GWU

The George Washington University College Republicans host former congressman and presidential candidate Ron Paul on March 4, 2013.

Little things are different for former Texas Rep. Ron Paul, now that his name no longer hangs outside a Capitol Hill office door. He wears ties less often. He writes his own posts on the Facebook. He had time to plant tomatoes at his Texas home last weekend. But his role as a libertarian political hero hasnt really changed since he retired from Congress in January: the outsider status he spent decades cultivating from within Washington is simply official.

He is still anxious to weigh in on the issues of the day.The sequester is a farce. Secretary of State John Kerry is stirring up more war. And he maintains his distinctive obsessions.In just the first five minutes of aspeech to George Washington University students on Monday, Paul struck his favorite themes: individual liberty, the gold standard, the Federal Reserve, the wealth gap, inflation and the future of the Republican Party. He even declared that Were all Austrians now! (a reference to his economic messiah, Ludwig von Mises). The speech could have been pulled directlyfrom his 2008 or2012 presidential campaign bids. Except now Paul is working purely to change minds, not win votes.

And thats a kind of liberation. Speaking to TIME, Paul says that he doesnt miss the Washington job he had, on and off, for nearly a quarter century. He just carries on with his longtime message of personal and economic freedom. My focus has always been about the same, he says. I just look for different vehicles. His vehicles used to be hearings and speeches aired on C-SPAN. These days, his vehicles include his non-profit group and lobbying arm Campaign for Liberty; a weekly onlinecolumncalled Texas Straight Talk; an upcoming one-minuteradio programdubbed Ron Pauls America; a book hes writing on home-schooling; and, of course, speaking engagements. After GWU, hes heading to Canada and New York where he will continue to spin what he calls the broken record.

Pauls style may be better suited to life outside of Congress, wherehes even less bound by political practicalities. During a Q&A session after his GWU speech, a young man asked about who would take over Americas roles overseas if all our troops returned.I think we should just come home, Paul said. Another student asked whether the federal government should recognize gay marriage. In the past, Paul has supported the federal Defense of Marriage Act but suggested the issue should be left to states to decide. On Monday, he responded by saying, People should do what they want. Asked about whether people should abandon electoral politics given the hegemony of the two big parties, Paul quipped, To each his own.

On most issues, Pauls stanceslike closing all our foreign military bases and bringing home all the troopsremain well outside of the Republican mainstream. Which is why his new outside game doesnt feel so different from the inside one. I was never frustrated in Congress because I never really believed that what I would do or say would reverse federal policies, he explains.Paul never measured success through chairmanships or named legislation. He measured it in individual converts and any stamp of approval on his views, which the obstetrician plans to pursue over the Internet just as he did on the House floor.

Paul does believe that the world, includingsome conservatives, has finally come around to seeing one thing his way: the war on drugs.I think weve won, and Ive predicted this for a long time, he tells TIME,that some day the country is going to wake up and say this is stupid and theyre going to change the drug laws.The audience at GWU was definitely awake. The thousands packed into Lisner Auditoriumburst into applause when Paul decried government efforts to controlwhat people can put into their mouths, be it raw milk or doobies.

Still, Paul is pessimistic about the GOP. Their future is dismal, he says, until they start adhering to a more peaceful, more uniform ideology.What do they believe in? he says to TIME. I hear their rhetoric but nobody believes them. When asked whether his son, Republican Sen. Rand Paul, is setting a decent example within the party, Paul jokes that Well, hes the best Senator there is!Asked whether his son will bear the libertarian torch in Congress now that hes gone, Paul isnoncommittal. He and a bunch of others all have their role to play, he says, mentioning Michigan Rep. Justin Amash and Kentucky Rep. Thomas Massie. Asked whether he thinks his son might run for President one day, he hedges:Hes been asked that, and he hasnt denied it, so I guess thats his answer.

At 77, Paul seems to be transitioning from politician to pundit. His radio spot will be produced by the same entertainment group as Bill OReilly, and FOX News went to Paul for his reaction afterPresident Obamas State of the Union address. But he knows that his relevance may be hard to maintain. Usually you cant stay the same. Either you have to get a little better or you have to be forgotten, Paul says of life after Congress. That doesnt bother me, because I know that I only have one job. And that is to present my case.

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Ron Paul ’s Transition from Politician to Pundit

Former Texas Congressman Ron Paul is known for his full-throated endorsement of gold as money. And he's put his money where his mouth is by investing in a lot of it.

Last year during the presidential election, The Wall Street Journal reportedon Paul's financial disclosure.

The Congressman's portfolio washeavily weighted with precious metals. Last year we learned that a shocking 64 percent of Paul's $2.4 to $5.5 million portfolio is tied up in precious metals like gold and silver.

At the time, people were gushing at how smart of a move that was in that market.

But today, gold is getting massacred it's been said to be ina "death cross,"the market rally meansprices are sliding, andsellers are getting desperate and Paul's investments seem to be tanking too.

Via Google Finance, here's what has happened to three of Paul's largest holdings Barrick Gold, Goldcorp and Newmont Mining in the past 6 months. Losses of over 20% on each:

Paul has investments in23 other miners many of them small Canadian risky "juniors" so it's doubtful he's doing much better with the rest of the portfolio.

Of course we don't know for sure that he hasn't -- since leaving politics -- taken his money out of gold and put it all in Google. But that seems unlikely.

(h/t) Peter Eller

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The Ron Paul Portfolio Has Been Getting Crushed