Daily Archives: September 20, 2013

On Thursday, former Rep. Ron Paul (R-TX) joined the panel on MSNBCs Morning Joe to explain some of the proposals in his new book dealing with the reform of the education system. Paul advocated for a great expansion in home schooling and battled some of the panel guests about the curriculum he would prefer to see taught.

I want people to home school their children, Paul said. Not everybody. This is designed to pick out the leaders that want to and maybe 20 percent might be interested in doing this.

Paul said that the future leaders of America who emerged from home schooling would have a better understanding of sound monetary policy and be more skeptical of interventionism abroad.

Today, we have been conditioned in all our schools that its good have a very robust foreign policy, to be involved in all these countries, Paul said. Weve been taught the Federal Reserve is sacred, except for the last five years, people are questioning the Federal Reserve. Weve been taught deficits are good spend is good, but we have to reverse that.

RELATED: Ron Paul Responds to Heated Interview with MSNBCs Alex Wagner: I Didnt Like What Happened

He added that home schooled children would have a different perspective on history. He said that one of the great misconceptions of American history was that Woodrow Wilson is presented as a noble figure.

I would like to show that some of our presidents the only great president have between warmongers and people who argued for negotiations might be a better president, Paul said.

Katty Kay told Paul that she thought his proposed expansion of homeschooling would negatively impact women the most and could end up encouraging women not to take part in the workforce.

Paul said that one of the problems of the current economy is the fact that women are forced to take part in the workforce and it is no longer a voluntary decision. It is not going to be easy, Paul agreed.

Watch the clip below via MSNBC:

See the original post here:
Ron Paul Backs Home Schooling on MSNBC: We Don’t Teach Kids ‘Great Presidents’ Were ‘Warmongers’

Former Rep. Ron Paul said Thursday that the Federal Reserves decision not to cut back on its economic stimulus is an admission that the economy is in bad shape.

He said the fact that the stock market shot up on the news is an example of how the markets are addicted to spending and shows a disconnect from what those struggling economically are experiencing.

[Chairman Ben Bernanke]s literally saying were in bad shape, and yet the markets didnt interpret it that way, because the markets are reflecting just that easy money going into stocks, Paul said on MSNBCs Morning Joe. It doesnt help those 99 percent, or at least the large middle class and the poor, wont help them one bit. I think it was a very, very bad, you know, announcement yesterday that the economy is a lot worse off.

(PHOTOS: Ron Pauls career)

Asked if the economy would be worse if the Fed didnt continue its stimulus, Paul said the Feds policies of printing money have made the situation as bad as it can get.

It cant get worse. To continue to destroy our currency is always bad. Always bad. It always destroys the middle class and the wealthy get wealthier, Paul said.

(WATCH: Ron Paul: Fed move won't help 99%)

Though the former Texas congressman admits going cold turkey off the Fed would be tough for America, its necessary.

There is no easy theres no political answer. Its addiction. The people are addicted to spending. The politicians are addicted. The markets are addicted. And theres no chance that theyre going to wean us off. And this is what Bernanke was saying yesterday, Paul said.

Read more:
Ron Paul: Fed move won't help 99%

Todays AM fix was USD 1,355.25, EUR 1,002.18 and GBP 845.39 per ounce. Yesterdays AM fix was USD 1,363.50, EUR 1,005.90 and GBP 848.16 er ounce

Gold fell $1.10 or 0.08% yesterday, closing at $1,365.20/oz. Silver dropped $0.08 or 0.35%, closing at $23.01. At 3:41 EDT, Platinum fell $3.70 or 0.3% to $1,458.80/oz, while palladium rose $13.85 or 1.9% to $730.59/oz

Gold edged off since its rally after the U.S. Federal Reserve decided to maintain its current stimulus program. The yellow metal added nearly 3% for the week and is on track for its biggest gain in five weeks. Gold bullion rallied 4.1% on September 18th after the Fed cited it needed to see more examples of economic recovery before it reduces the $85 billion-a-month of bond buying.

Bernanke clearly stressed that the quantitative easing program was "not on a preset course". The "no tapering" was a surprise to the market as bullion fell almost 20% this year in anticipation of a wind down in bond buying, but it has now gained from technical buying and short covering since the news.

Gold In U.S. Dollars, 5 Days - (Bloomberg)

Dr. Ron Paul, a former republican member of U.S. Congress from Texas discussed the Fed decision on Fox Business News segment, After the Bell.

David Asman: What do you think about the Feds decision to continue money printing?

Dr Paul: I think its a very bad sign I think it means the Fed is really worried.

David Asman: Worried about what?

Dr Paul: About the economy. They are always bragging that things are really well, employment is up.

More:
Ron Paul on U.S. Fed QE: Prepare for the Destruction of the Dollar