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Category Archives: Ron Paul

Ron Pauls Feels the war on Cash is an Authoritarian Power Grab – newsBTC

Posted: July 15, 2017 at 10:42 pm

The real enemies are the banks and the government, as it always has been.

Going cashless is never the answer for consumers and business owners. The only entities benefiting from such a move are the local government and the banks. Cash is a form of financial freedom, something most of us will never see again. Ron Paul feels a cashless society is equal to an authoritarian power grab. An interesting take on things, that much is evident.

People with more than two peas for a brain know the economy is failing. Especially the dollar-based monetary system, as it is under serious threat. Ron Paul feels the same way and doesnt agree with Janet Yellens assurances. Especially the promise of how we will not see another financial crisis in our lifetime is absolutely ridiculous. Ron Paul feels the next crisis could happen in August of this year, for all we know. A very bold statement that wont sit too well with the economic powers.

Interestingly enough, Ron Paul is trying to drive a point home. More specifically, he feels central bankers are always wrong. While there is some merit to such statements, it is not a popular train of thought. Then again, the ongoing war on cash seems to hint at the trouble which will befall us all. More specifically, if banks weed out cash, consumers and enterprises will be even more reliant on them. That is something everyone should try to avoid.

Then again, there are also reasons to turn cash into something else. Right now, cash isnt a safe store of value by any means. Ron Paul feels buying gold, stockpiling provisions, and potentially even buying Bitcoin is the right way forward. The longer the next financial crisis stays away, the bigger the hit will be. Now is the time to prepare for the worst, as it will happen eventually. Those unprepared for such a situation will find themselves in a world of trouble.

It is remarkable to see Ron Paul is so outspoken about the looming crisis. In his opinion, authoritarians want to cling to power. This means weeding out cash is the number one priority right now. A cashless society will not work the way authoritarians envision it, though. People will lose confidence and revert to other means of payment in the end. Cash is not the enemy here, that much is evident. The real enemies are the banks and the government, as it always has been. Ron Paul is quite convinced things will turn sour soon. Only time will tell if hes right.

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LEONE: Switch to GOP follows Ron Paul’s path – Seguin Gazette-Enterprise

Posted: July 14, 2017 at 4:45 am

Hot in Libertarian news right now is previous presidential nominee Austin Petersen switching to the Republican Party to announce his run for the U.S. Senate in Missouri.

Petersen distinguished himself from other candidates in the party by being the only firm anti-abortionist and putting a focus on working within the confines of the Constitution, as well as appearing on conservative leaning talk shows. He wrote a letter to the public which was published by the Kansas City Star on why he made the change.

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Ron Paul calls steel import tariff ‘immoral’ – Fox Business

Posted: July 13, 2017 at 6:43 am

Former Congressman Ron Paul (R-Texas) said President Trumps proposed import tariff on foreign steel is simply immoral.

It should be immoral to prohibit people from buying stuff where they want to. In a free society, youre supposed to protect that not interfere with that, Paul told FOX Business Kennedy.

The European Union (EU) has threatened to retaliate the Trump administrations proposed import tariff on foreign steel, by creating an import tariff for bourbon.

Theres a downside, there [are] repercussions from [imposing tariffs] and they retaliate and put taxes and prohibitions on our products, which is what theyre hinting at right now, he said.

However Paul believes the solution does not need to come from managed trade agreements.

The bilateral agreements make more senseif we would have an agreement on lumbers, say with Canada, and nobody else is interfering, it should be worked out and maybe there would be a time where you really would have free trade across the borders that touch your country, he said.

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Yellen Ignores Signs Of Economic Crisis – Newsmax

Posted: July 12, 2017 at 11:49 am

Federal Reserve Chair Janet Yellen recently predicted that, thanks to the regulations implemented after the 2008 market meltdown, America would not experience another economic crisis in our lifetimes. Yellens statement should send shivers down our spines, as there are few more reliable signals of an impending recession, or worse, than when so-called "experts" proclaim that we are in an era of unending prosperity.

For instance, in the years leading up to the 2008 market meltdown, then-Fed Chair Ben Bernanke repeatedly denied the existence of a housing bubble. In February 2007, Bernanke not only denied that sluggishness in the housing market would affect the general economy, but predicted that the economy would expand in 2007 and 2008. Of course, instead of years of economic growth, 2007 and 2008 were marked by a market meltdown whose effects are still being felt.

Yellens happy talk ignores a number of signs that the economy is on the verge of another crisis. In recent months, the U.S. has experienced a decline in economic growth and the value of the dollar. The only economic statistic showing a positive trend is the unemployment rate and that is only because the official unemployment rate does not count those who have given up looking for work. The real unemployment rate is at least 50 percent higher than the manipulated official rate.

A recent Treasury Department reports called for rolling back of bank regulations could further destabilize the economy. This seems counterintuitive, as rolling back regulations usually contributes to economic growth. However, rolling back bank regulations without ending subsidies like deposit insurance that create a moral hazard that incentivizes banks to engage in risky business practices could cause banks to resume the unsound lending practices that were a major contributor to the growth, and collapse, of the housing bubble.

The U.S. economy is already faced with several bubbles that could implode at any time. These include bubbles in student loans and automobiles sales, and even another housing bubble. The most dangerous of these bubbles is the government bubble caused by excessive spending. According to a 2016 study by the Mercatus Center, at least four states could soon join Puerto Rico and Illinois in facing bankruptcy.

Of course, the mother of all government bubbles is the federal spending bubble. Despite claims of both defenders and critics of the presidents budget, neither President Trump nor the Republican Congress have any plans for, or interest in, reducing spending in any area. Even the so-called cuts in Medicare and other entitlement programs that have generated such hysterics are not real cuts, but reductions in the rate of growth.

Some fiscal conservatives are praising the administrations proposal to finance transportation spending via government bonds. However, the people will eventually have to pay for these bonds either directly through income taxes or indirectly through the inflation tax. Government-issued bonds harm the economy by diverting investment capital away from the private sector to the mixed economy controlled by politicians, bureaucrats, and crony capitalists.

If Congress continues to increase spending and the Federal Reserve continues to facilitate that spending by monetizing the debt, Americans will face an economic crisis more severe than the Great Depression. The crisis will likely result from a rejection of the dollar as the worlds reserve currency. Those of us who know the truth must redouble our efforts to ensure a peaceful transition away from the Keynesian system of welfare, warfare, and fiat currency to a society of peace, prosperity, and liberty.

Ron Paul is a physician, author, and former Republican congressman. Paul also is a two-time Republican presidential candidate, and the presidential nominee of the Libertarian Party in the 1988 U.S. presidential election. His latest book is Swords into Plowshares." For more of Ron Paul's reports, Go Here Now.

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Norfolkan finds inspiration from Ron Paul, Founding Fathers – Norfolk Daily News

Posted: July 8, 2017 at 8:44 pm

Bruce Finley wasnt always interested in politics in fact, he once thought of politics and government as terrible, boring, uninteresting and unengaging.

That is no longer the case, as Finley has made his name as arguably Norfolks biggest outspoken critic of tax-increment financing.

Finley often attends Norfolk City Council meetings, particularly those that feature proposals relating to tax-increment financing (TIF) on the agenda. He regards TIF as a tax break for the wealthy and a handout for the purpose of getting them to improve their property.

TIF is used by the city council to take advantage of the downside of using property taxes in order to selectively pick winners and losers in the local economy, raise property taxes and look really good in the public's eye, Finley said. This fulfills most of the things the city council wants as long as the public never looks under the surface, or checks under the hood, or tries to understand how things really work.

Of course, there are other perspectives of TIF, too including that it is about the only tool a city or county can offer to help spur development and economic growth, which leads to increased property valuation and increased property tax revenue.

Finley doesnt reserve his criticism for TIF alone.

Direct confiscatory taxes like property taxes and income taxes were illegal until we passed the 16th Amendment, Finley said. We literally implemented one of Karl Marx's 10 planks of Communism right out of his Communist Manifesto as an amendment to our Constitution, and no one even talks about it.

Finleys views on TIF and other forms of taxation are heavily influenced by Ron Paul, a former presidential candidate and Republican congressman from Texas who is now a member of the Libertarian Party.

Finley, however, considers himself a political independent.

George Washington included in his farewell address a great discussion about political parties that is still very relevant today, Finley said. He points out that the spirit of party is the worst enemy of the many monarchies of his time, but an elective government with parties is not immune to becoming a frightful despotism.

While Finley has libertarian leanings, he is not a supporter of the party itself.

Libertarian Party politics are in direct violation of much of their libertarian views and principles as they covet such funding so strongly instead of opposing it when it clearly selectively supports the growth of two parties over all others, Finley said. This is a perfect example of money dictating the party's position instead of the party expressing the views of those it is meant to represent.

Besides Ron Paul, Finley cites George Washington, James Madison, Thomas Paine and Benjamin Franklin as inspirations for his political views.

They have done the most to teach me about what goes into the science of government design, Finley said. The Founding Fathers sought to teach us all everything there is to know about what makes a good government that serves the people well and what makes a bad government that seeks to rule the people and control every aspect of their lives.

Finleys interest in politics and government was spurred by a pair of events. One was his discovery of many online sources of information about the subject.

Once I started searching on the internet and getting my news from there, I was able to find ultra-informative articles every day that I could really sink my teeth into that had more cited sources than you can shake a stick at. Being able to click a linked cited source and instantly read it really is amazing when it comes to informative news and discussion, he said.

Another was the National Defense Authorization Act for Fiscal Year 2012, which contained provisions authorizing the indefinite military detention of civilians, including American citizens, without habeas corpus or due process.

(That was) what convinced me that I needed to commit to getting 100 percent active and involved, Finley said. It is my duty to my country, and all the people of the world, to help get people more informed to defend what should be universal rights and liberty everywhere.

Finley sees excessive taxation and the 2012 authorization act as examples of erosions on rights and civil liberties driven by big government and big business. He also refers to the corporate-government-banking collusion as a cancer.

Without our rights, we cannot protect ourselves from the corruption of big government, Finley said. This leads to big business and corporations lobbying for and buying up government power so that they can use it to destroy their competition in the marketplace and set up trusts between themselves and other collaborative monopolies to increase their profits as much as possible.

Finley also is opposed to recent trade deals, such as the North American Free Trade Agreement, the Trans-Pacific Partnership and the General Agreement on Tariffs and Trade, which led to the creation of the World Trade Organization.

One-sided trade deals ... cripple our economy by making the markets extremely unfair for us, Finley said. How can we compete with the Chinese de-industrializing sweat shop slave goods when our businesses are forced to pay our workers a minimum wage?

At the end of the day, Finley would like to see other citizens getting more involved with local government.

People don't really bother to do their duty to hold their government accountable for its actions when they have an OK house, a nice family and a job that pays the bills with a football-game distraction on their TV, Finley said. How do we get them informed and involved?

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What Happened To Ron Paul Supporters In The Age Of Trump – The Liberty Conservative

Posted: at 3:43 am


The Liberty Conservative
What Happened To Ron Paul Supporters In The Age Of Trump
The Liberty Conservative
To understand what is currently going on in the minds of Ron Paul enthusiasts in the age of President Donald Trump, we must first understand what Paul represented as both a congressman and a presidential candidate. We must also understand that, at the ...

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Ron Paul Says it Wouldn’t be a Total Shock for Gold to Spike 50 Percent by October – Investing News Network (press release) (registration) (blog)

Posted: July 5, 2017 at 8:43 am

Paul said in a weekend interview that he wouldn't be surprised to see US markets fall 25 percent and gold rise 50 percent in the next several months.

The gold priceclosed Monday (July 3) at $1,219.70 per ounce, but according tolibertarian pundit Ron Paul it could be significantly higherbefore the end of the year.

If [US]markets are down 25 percent [by October] and gold is up 50 percent it wouldnt be a total shock to me, he told CNBC during an interview this past weekend. That would place the S&P 500 (INDEXSP:.INX) at 1,819 points and gold at $1,867.

Paul, whos also a former Republican congressman and presidential candidate, said that the US economy is not as strong as many people think it is, and emphasized that uncertainty is a major issue. In particular, he mentioned that the NASDAQ Composite (INDEXNASDAQ:.IXIC), the US dollar and bonds look a little shaky, and questioned whether Trump will be able to pass reform measures.

Theres a lot of subjectivity in the markets, reassurances, Paul also noted. People have been convinced that everything is wonderful right now and that stocks are going to go up forever, its a new era. I dont happen to buy this. I think the old rules always exist, and theres too much debt and too much mal-investment the adjustment will have to come.

While US Federal Reserve Chair Janet Yellen recently expressed confidence in the US economy, saying another financial crisis will likely not happen soon, other market watchers have views that that are more in line with Pauls.

For example,Marc Faber,a notedThailand-based Swiss investor known as Dr. Doom, is calling for a drop in the US stock market. In conversation with CNBC he said, we have a bubble in everything. Peter Schiff of Euro Pacific Capital also recently describedthe US economy as a bubble.

Do you think the US economy is headed for a crash? Let us know in the comments below. You can also watch CNBCs interview with Paul below:

Dont forget to follow us @INN_Resource for real-time news updates.

Photo by GageSkidmore via Wikimedia Commons.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Ron Paul Says it Wouldn't be a Total Shock for Gold to Spike 50 Percent by October - Investing News Network (press release) (registration) (blog)

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Ron Paul: We Must Declare Independence | FITSNews – FITSNews

Posted: July 4, 2017 at 7:46 am

CHOOSE FREE MARKETS

As Independence Day comes around again we should spend a few moments between barbecue and fireworks to think about the meaning of independence. The colonists who rebelled against the British Crown were, among other things, unhappy about taxation. Yet, as economist Gary North points out, the total burden of British imperial taxation was about one-to-two percent of national income.

Some 241 years later, Washington claims more of our money as its own than King George could have ever imagined. What do we get in this bargain? We get a federal government larger and more oppressive than before 1776, a government that increasingly views us as the enemy.

Think about NSA surveillance. As we have learned from brave whistleblowers like William Binney and Edward Snowden, the US intelligence community is not protecting us from foreigners who seek to destroy our way of life. The US intelligence community is itself destroying our way of life. Literally every one of our electronic communications is captured and stored in vast computer networks. Perhaps they will be used against dissidents in the future who question government tyranny.

We have no privacy in our computers or our phones. If the government wants to see what we are doing at any time, it simply switches on our phone camera or computer camera or our smart television. Yet today we continue to hear, Ive got nothing to hide.

In a recent interview on our Liberty Report, Edward Snowden made the excellent point that, saying that you dont care about privacy because you have nothing to hide is no different than saying you dont care about freedom of speech because you have nothing to say.

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Think about the TSA. The freedom to travel is fundamental, and our Fourth Amendment protection against unreasonable searches and seizures is the law of the land. But if you dare to exercise that right by purchasing an air ticket, you are treated like a Guantanamo Bay detainee. Dont dare question as the TSA agents commit acts that would be crimes were they done by anyone else. Yet so many Americans still believe this is what it takes to be safe.

Think about the military industrial complex. The US government spends more on its military empire than much of the rest of the world combined. Our so-called mortal enemy Russia spends ten cents to every dollar we spend on weapons of war. Yet we are told we must spend more! Imagine the amazing peaceful scientific discoveries that might be made were so many researchers and scientists not on the government payroll designing new ways to end life on earth.

Think about the Fed. Since the creation of the Federal Reserve in 1913 the US dollar has lost some 98 percent of its value. Is the destruction of our currency not a cruel form of tyranny, hitting hardest those who can least afford it?

I think its time for us to declare our independence from an oppressive government that seeks to control our money and our lives in ways unimaginable to those who rebelled against the British Crown in 1776. Our revolution is peaceful, and it concentrates on winning hearts and minds one at a time. But it marches on. We must reclaim the spirit of independence every day and every night and intensify the struggle against those who seek to impose tyranny upon us.

Ron Paulis a former U.S. Congressman from Texas and the leader of the pro-liberty, pro-free market movement in the United States. His weekly column reprinted with permission can be foundhere.

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Not a ‘total shock’ if stocks plummet 25% and gold soars 50% by October, says Ron Paul – MarketWatch

Posted: at 7:46 am

The U.S. economy is nowhere near as strong as the prevailing view on Wall Street leads investors to believe. That means a painful stock-market correction could hit as soon as October, according to libertarian firebrand Ron Paul, the medical doctor, former Republican congressman and repeat presidential candidate.

That scenario would land the S&P 500 SPX, +0.23% flirting with 1,800 and gold GCQ7, +0.48% above $1,860 an ounce.

Need to Know: Why investors should brace for a devastating oil shock ahead

Paul is an unabashed bear who has been critical of the Trump administration and more so, the Federal Reserve, who he says has pinned interest rates at historic lows for too long.

Read: Ed Snowden talks with Ron Paul about the deep state and whos really in control

I think its a very precarious market, and the Fed better be very careful. Since they are incapable of knowing what to do, I dont expect much good to come out of anything they do, Paul said in a CNBC Futures Now interview. There are so many mistakes made out there that the correction is almost unlimited.

Mark Hulbert: Heres how hard it is to get out of stocks before a bear market starts

Notably, Paul offered a similar prediction on the business network about a year ago. Since then, the S&P 500 is up more than 20%, while the Dow industrials DJIA, +0.61% is up some 24% and the Nasdaq Composite COMP, -0.49% has surged more than 30%, each having knocked out record highs over that stretch.

Safe-haven gold, for its part, has logged a nearly 8% gain so far this year, according to FactSet data tracking futures markets.

Its just such a run that leaves Paul nervous, he countered.

People have been convinced that everything is wonderful right now and that stocks are going to go up forever, Paul said. I dont happen to buy this. The old rules always exist, and theres too much debt and too much mal-investment. The adjustment will have to come.

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Not a 'total shock' if stocks plummet 25% and gold soars 50% by October, says Ron Paul - MarketWatch

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Ron Paul says it won’t be a ‘total shock’ if stocks plummet 25% and … – Yahoo Finance

Posted: at 7:46 am

A painful correction is coming and there's little that can be done to prevent it, according to former Republican congressman and libertarian firebrand Ron Paul.

Speaking to CNBC last week, the former GOP presidential contender argued the economy is not as strong as Wall Street consensus believes, and the situation could turn ugly as soon as October.

"If our markets are down 25 percent and gold is up 50 percent it wouldn't be a total shock to me," said Paul recently on " Futures Now ."

That scenario would drag the S&P 500 (INDEX: .SPX) Index as low as 1,819, and gold (CEC:Commodities Exchange Centre: @GC.1) as high as $1,867 an ounce from current levels.

Paul, who's also a medical doctor and former U.S. Representative from Texas, is a well-known bear who has been sharply critical of Trump administration. He has also been putting a lot of blame on the Federal Reserve for keeping interest rates historically low for so long.

Although the Fed is undertaking a rate hike campaign after nearly a decade of ultra-accomodative monetary policy, some believe asset pricesand the economycould still react badly.

"I think it's a very precarious market, and the Fed better be very careful. Since they are incapable of knowing what to do, I don't expect much good to come out of anything they do," said Paul. "There are so many mistakes made out there that the correction is almost unlimited."

This is not the first time Paul has called for a pullback on "Futures Now."

He made a similar prediction almost exactly a year ago on June 28, 2016, almost exactly a year ago. Since then, the S&P 500 has ripped by 21 percent and the Dow (Dow Jones Global Indexes: .DJI) is up 24 percent, breaking several records along the way. The tech heavy Nasdaq (NASDAQ: .IXIC) bounced into record territory over that time period, and soared 34 percent.

However, Paul still makes the case that the rally is on borrowed time.

"People have been convinced that everything is wonderful right now and that stocks are going to go up forever," Paul said.

"I don't happen to buy this. The old rules always exist, and there's too much debt and too much mal-investment. The adjustment will have to come," he added.

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