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CNBC: Ron Paul Is About to Totally Revolutionize the House Monetary Policy Panel

By John Carney | Senior Editor, CNBC.com
Nov 4, 2010

Odds are you haven’t heard of the monetary policy subcommittee. Officially known as the House Subcommittee for Domestic Monetary Policy and Technology, it’s a subdivision of the House Financial Services Committee that has mostly occupied itself with pressing questions of issuing commemorative coins and whether or not to eliminate the penny.

That’s about to change. Ron Paul, the Republican Congressman from Texas, is the ranking member of the monetary policy subcommittee, and when the next Congress takes over he’ll likely be the chairman of the subcommittee.

And Congressman Paul has some big plans.

http://www.cnbc.com/id/40013227

Like TOTALLY, man!

Dear Bernake and the FED.Reserve, Ron Paul and the R3VOLution WILL BE COMING AFTER YOU!!!

** UPDATE: Courtesy of our friend Gil:
"Stockman on Bloomberg TV"
http://www.youtube.com/watch?v=2lVDS9hwKs0

Bloomberg's original link:
http://www.youtube.com/watch?v=DD8Kv4p9wdA

At 00:20sec Mark:
"Well, I think there is ONE small GOOD thing that happened. Ah, Ron Paul is gonna be Chairman of the Subcommittee that has jurisdiction over the FED!"

=============================================

** UPDATE 2: Sun, 11/07/2010 - 03:18.

It remains to be seen what kind of shenanigans the GOP Establishment may pull against Dr. Ron Paul's slated chairmanship, along with a REAL AUDIT of the FED, come Jan 2011.

If you guys recall during the HR1207 Hearings, there was one Rep. Ed Royce (R-CA, http://en.wikipedia.org/wiki/Ed_Royce), whom apparently read up on the Austrian School, at least SOUNDED like he did.

Well, Rep. Ed Royce and Rep. Spencer Bachus (R-AL, http://www.youtube.com/watch?v=5dYvItYB8So) are apparently bout-ing over the committee Chair position.

THIS seems PRETTY SIGNIFICANT, as the debate over whether Bachus or Royce will be selected, WILL affect IF Dr.Paul WILL get the SubCommittee Chairmanship AND IF SO, just how far he will be able to RE-takeup the HR1207 AUDIT the FED measure, in FULL.

It may have all been just a rhetoric, or not. But, Royce was pretty vocal at the HR1207 Hearings:
http://www.youtube.com/watch?v=KJUWAuoCy4E
http://www.youtube.com/watch?v=Az0eeGHnU-I

Unfortunately for Royce, like 99% of the CONgress, he leaves much to be desired on his willing acquiescence to AIPAC's meddling, and equally succumbing to, and complying with the neoCON PROPAGANDA:
http://www.youtube.com/watch?v=rQ1XdDcaK1o
http://www.youtube.com/watch?v=go2O4VAPjDo

Then again, there are ONLY TWO PAULS in Congress; suppose, that's to be expected.

Reason Mag is certainly pretty clear WHERE they stand on Spencer Bachus:
http://reason.com/blog/2010/11/07/why-is-ron-paul-supporting...
http://reason.com/blog/2010/11/04/republicans-not-serious-if...

Here is the WSJ on Bachus:
http://blogs.wsj.com/washwire/2010/11/05/not-so-young-guns-b...

There seem to SOME questions as to WHICH of the two, Dr. Ron Paul will actually support.

The Hill article states that ALL SIX Subcommittee ranking members actually SIGNED a letter in support of Rep. Spencer Bachus(R-AL), including Dr. Ron Paul:
http://thehill.com/blogs/on-the-money/banking-financial-inst...

"All six of the panel's subcommittee ranking members endorsed Bachus to lead the committee, portraying him as a strong leader and "invaluable in helping Republicans win the majority," in a letter to soon-to-be Speaker John Boehner (Ohio) and presumptive House Majority Whip Eric Cantor (Va.) obtained by The Hill."

"The letter was signed from Reps. Randy Neugebauer (Texas); and subcommittee ranking members Scott Garrett (N.J.)Capital Markets, Insurance and Government-Sponsored Enterprises; Jeb Hensarling, (Texas) Financial Institutions and Consumer Credit; Shelley Moore Capito (W.Va.) Housing and Community Opportunity; Ron Paul (Texas) Domestic Monetary Policy and Technology; Gary Miller, International Monetary Policy and Trade and Judy Biggert, (Ill.), Oversight and Investigations."

Other "news" outlets report that they've ONLY CIRCULATED the support letter, LESS firm on whether it has actually been SIGNED:
http://www.businessweek.com/news/2010-11-05/house-finance-pa...
http://www.newsmax.com/Politics/house-finance-bachus-chairma...

"The six ranking Republicans on the panel today have agreed to sign a letter circulated by Representative Randy Neugebauer of Texas, the second-ranking Republican on the committee, the aides said."

"The letter has been circulated to the top members of each of the panel’s six subcommittees: Judy Biggert of Illinois, Shelley Moore Capito of West Virginia, Jeb Hensarling of Texas, Scott Garrett of New Jersey, Gary Miller of California and Ron Paul of Texas.

Biggert and Capito have said they will join Neugebauer in signing the letter, their spokespeople Zachary Cikanek and Jamie Corley said today. Garrett also will sign, aides said. Spokesmen for Hensarling, Paul and Miller didn’t immediately respond to requests for comment."

At this point, it's all just a waiting game...




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Pahleeze, Check This 3 Part Video Out !

Ron Paul is in part number 3:

http://jsmineset.com/2010/11/07/jims-mailbox-578/

beesting

Wow! Ron Paul news is Top Story at Gold Anti-Trust Action - GATA

Top Flight!
GATA.org... Precious Metal Action.
http://www.GATA.org

"Ron Paul will revolutionize House monetary subcommittee
Mon, 2010-11-08 17:47. Section: Daily Dispatches

By John Carney
NetNet column
CNBC.com

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

More of the same

The Austrians/Paulians tell you, that they want a return to Constitutional money; and to sound money. No bigger lie can be told!

Why not? Check out their forums. Gold bugs everywhere; and what they want is NOT for gold to return to its Constitutionally defined value! They want to make out like the Federal Reserve! Speaking about hypocrits!

Worse then is the lie that they want to “end the Fed.”

Why? As I have described, the fatal fault of the imposed monetary system is interest; and all further faults merely result from further failure to solve inflation and deflation. The Austrians, and Mr. Paul in particular, not only advocate interest; they advocate ELEVATED RATES OF INTEREST.

Effectively, what they want is to remove the embossed letters which now say “Federal Reserve Bank,” and replace them with “Ron Paul’s ‘COMPETING’ Bank(s)” — a principle which he refuses to debate, further define, or justify. Of course, any ostensible “competition” would ostensibly, on the contrary, drive interest rates down. But Mr. Paul tells us that we wouldn’t have borrowed ourselves into this debt mess if higher rates of interest had discouraged excessive/reckless borrowing.

Mr. Paul has never done the math: he tells you that all of you are going to benefit somehow therefore — oh and we so willingly believe this preposterous notion, don’t we? — he tells us we will benefit paying perhaps 17% interest on our homes than 5%. Sounds really like a good idea, doesn’t it? Especially since the rate of interest is the rate of multiplication of artificial indebtedness — higher rates of which instead necessitate greater rates of borrowing to maintain a vital circulation.

Unfortunately, most people who exalt Austrian “economics” hardly know the first thing about it. They reject math — most of which is little more than counting — as if you could understand otherwise; and they could have possibly determined solution otherwise. In no legitimate discipline or walk of life does such reckless abandonment of principle hold.

But Mr. Hayek, God of the Austrians tells us why they advocate interest and the current banking model — which are our very problem. See Hayek’s article at Mises org: “A Free Market Monetary System,” I think it’s called. Anyway, he thus justifies interest, that it makes banking “an extremely profitable business.”

That’s right. There IS no justification, just an outright confession of the motive.

Join, or Die

You Don't Know What You're Talking About ! ! !

Ron Paul has never mentioned interest, in any of the writings he wrote that I've read.

What you're talking about is "Reinstating" usury laws, which were "destroyed" when Paul Volker was Fed chairman, a long time ago.
Please read this:

http://www.alastairmcintosh.com/articles/1998_usury.htm

The article clearly points to the disregard for usury law as the problem you're talking about, not Austrian economics.

beesting

Puhlease

Does anybody really think that Dr. Paul has any more of a chance at that committee chairman job than the proverbial snowball in hell?

The PTB would simply merge his committee with another or eliminate the committee or suspend it, or whatever. They have done this before, and I'm quite sure they will do it again.

Even Ron has said that, "even if the Audit the Fed bill became law, the Fed still would not comply." In other words, it's above the law. Didn't a billionaire banker say, and I paraphrase, "Give me control over a nation's money supply, and I care not who makes the laws!"

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a rEVOLution before tomorrow morning." - Henry Ford

Well, I'm Going To Put Pressure On My Republicn Congressman,

To support Ron Paul in whatever he does in Congress, and whatever committee he ends up on.

Congress has the "power" to close down the un-Constitutional Fed, since they alone originally authorized its inception.

My advice for you is, either join the Ron Paul Liberty train, or stop playing on the rail road tracks before you get crushed !

beesting

Dr Ron Paul has an excellent reputation for doing what he says.

I take him at his word. He has an excellent chance of continuing his success.

Failure is a zinc "Dime-a-Dozen." Worthless in the mouths of his competition.

Folks I speak with have great faith in Ron Paul's message. If your reference point-of-view is not the same, stop & reflect.

Sincerely,

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

No. No billionaire existed long ago, where that yarn started.

Dear Underdog,

Is this from a yarn passed down through the ages? Or did you make it up?

"Give me control over a nation's money supply, and I care not who makes the laws!"

In fact, their were no retail banks like we know today. Perhaps Kings & Queens had treasures. But, their were not there. I know of none using such a vulgar term as , "billionaire" in yarns of the day. Their were few there with more than met their need. Please investigate. To assist your search, here is the way I heard tell that yarn.

Mid - 1600s. A poor man rented a townhouse in Frankfurt, Germany. You might know it... It was in the same building as the landmark, "Red Shield Inn." That was the common name for the corner because there was a "Red Shield" marking it. I don't remember the name of the innkeeper nor the establishment. Most folks new it by the name, "Rothschild." The version I heard translated that into English as "Red Shield." Most folk there spoke German. But the poor man did not. Perhaps he knew German as I do... "The Awful German Language." (wrote an essay explaining that awful language).

Few knew this poor man. Few held him to account for anything, aside from the rent paid regularly to the innkeeper. Few spoke with him, as he was from an old country far away; he had little facility to communicate in German.

Instead of the money you reference, he had an idea... Not as robust as the one you cite... just a down payment... A small percent of the idea you refer to us. He dreamed of conning local folks into loaning... Establishing a "Line-of-Credit." It was a common practice where he haled from... Not requiring much imagination, he drafted ink promissory notes of the finest detail... to be collector items... A real craft... A work of art... Crafty art.

Much like Uncle Ben of modern Washington DC, this poor soul went about from inn to inn, selling his promissory notes. They were so fine in detail, all that beheld them were enthralled with their prospects. This poor man let all know his notes were backed by gold & silver. None questioned this, now fine-&-upstanding image of a man. Well, in the time it takes for news of real gold & silver to travel, a wandering duke or his emissary heard the poor man's tale. He saw one of the notes. The duke's party sought to engage this foreign man that claims to be of the means to finance dukes & duchesses. By the time the duke found the poor man, tales of gold & silver compounded as rumors do. This poor man, as the yarn goes, had gold & silver in reserve to finance a nation. That is the genius of your quote.

Now rather than be putting another log on the fire, & chatting more with you, I best retire. I have much work in the morrow.

Before you pass by on your return, please ask around in the next village... Someone might know more of this tale. They may recall the name of the poor man & his name before he went to calling himself "Red Shield" or "Rothschild." It has been faithfully passed down generation to generation. Some embroidery along the way. Learn it. Please tell your version.

Your embellishment has a bit too much modern currency to be from this distant past. Perhaps it is a completely different yarn with a new & improved ending. I anxiously await more of your yarn.

From one storyteller to another, sincerely,

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Ron Paul has been hijacked by

Ron Paul has been hijacked by the mises institute/austrians which offers no more than a continuation of the same terminal process. INTEREST

Join, or Die

Hello

In the interest of those who believe the Mises institute to be fairly reasonable, please explain.

More of the same

The Austrians/Paulians tell you, that they want a return to Constitutional money; and to sound money. No bigger lie can be told!

Why not? Check out their forums. Gold bugs everywhere; and what they want is NOT for gold to return to its Constitutionally defined value! They want to make out like the Federal Reserve! Speaking about hypocrits!

Worse then is the lie that they want to “end the Fed.”

Why? As I have described, the fatal fault of the imposed monetary system is interest; and all further faults merely result from further failure to solve inflation and deflation. The Austrians, and Mr. Paul in particular, not only advocate interest; they advocate ELEVATED RATES OF INTEREST.

Effectively, what they want is to remove the embossed letters which now say “Federal Reserve Bank,” and replace them with “Ron Paul’s ‘COMPETING’ Bank(s)” — a principle which he refuses to debate, further define, or justify. Of course, any ostensible “competition” would ostensibly, on the contrary, drive interest rates down. But Mr. Paul tells us that we wouldn’t have borrowed ourselves into this debt mess if higher rates of interest had discouraged excessive/reckless borrowing.

Mr. Paul has never done the math: he tells you that all of you are going to benefit somehow therefore — oh and we so willingly believe this preposterous notion, don’t we? — he tells us we will benefit paying perhaps 17% interest on our homes than 5%. Sounds really like a good idea, doesn’t it? Especially since the rate of interest is the rate of multiplication of artificial indebtedness — higher rates of which instead necessitate greater rates of borrowing to maintain a vital circulation.

Unfortunately, most people who exalt Austrian “economics” hardly know the first thing about it. They reject math — most of which is little more than counting — as if you could understand otherwise; and they could have possibly determined solution otherwise. In no legitimate discipline or walk of life does such reckless abandonment of principle hold.

But Mr. Hayek, God of the Austrians tells us why they advocate interest and the current banking model — which are our very problem. See Hayek’s article at Mises org: “A Free Market Monetary System,” I think it’s called. Anyway, he thus justifies interest, that it makes banking “an extremely profitable business.”

That’s right. There IS no justification, just an outright confession of the motive.

Join, or Die

I guess, we'll all have to wait and see what kind of

shenanigans they're gonna pull against the Doc's slated chairmanship, and a REAL AUDIT of the FED, come Jan 2011.

There was one Californian Congressman Rep. Ed Royce(http://en.wikipedia.org/wiki/Ed_Royce), whom apparently really read up on the Austrian School. but, there was a question as to whether if he took the committee Chair position over Bachus(http://www.youtube.com/watch?v=5dYvItYB8So), it'd be a clear signal that they're serious about an audit, or not.

Reason Mag certainly voiced their two cents on Bachus: http://reason.com/blog/2010/11/07/why-is-ron-paul-supporting...

one article said ALL SIX Subcommittee ranking members signed a letter in support of Rep. Spencer Bachus(R-AL), including the Doc. http://thehill.com/blogs/on-the-money/banking-financial-inst...

"All six of the panel's subcommittee ranking members endorsed Bachus to lead the committee, portraying him as a strong leader and "invaluable in helping Republicans win the majority," in a letter to soon-to-be Speaker John Boehner (Ohio) and presumptive House Majority Whip Eric Cantor (Va.) obtained by The Hill."

"The letter was signed from Reps. Randy Neugebauer (Texas); and subcommittee ranking members Scott Garrett (N.J.)Capital Markets, Insurance and Government-Sponsored Enterprises; Jeb Hensarling, (Texas) Financial Institutions and Consumer Credit; Shelley Moore Capito (W.Va.) Housing and Community Opportunity; Ron Paul (Texas) Domestic Monetary Policy and Technology; Gary Miller, International Monetary Policy and Trade and Judy Biggert, (Ill.), Oversight and Investigations."

Others only report that they circulated the support letter, and are less firm, in report of concrete support. http://www.businessweek.com/news/2010-11-05/house-finance-pa...
http://www.newsmax.com/Politics/house-finance-bachus-chairma...

"The six ranking Republicans on the panel today have agreed to sign a letter circulated by Representative Randy Neugebauer of Texas, the second-ranking Republican on the committee, the aides said."

"The letter has been circulated to the top members of each of the panel’s six subcommittees: Judy Biggert of Illinois, Shelley Moore Capito of West Virginia, Jeb Hensarling of Texas, Scott Garrett of New Jersey, Gary Miller of California and Ron Paul of Texas.

Biggert and Capito have said they will join Neugebauer in signing the letter, their spokespeople Zachary Cikanek and Jamie Corley said today. Garrett also will sign, aides said. Spokesmen for Hensarling, Paul and Miller didn’t immediately respond to requests for comment."

============================================

I do distinctly remember Royce being somewhat favorable to the Doc's cause during the HR1207 hearings. But, of course, it could have all been just a rhetoric.
http://www.youtube.com/watch?v=KJUWAuoCy4E
http://www.youtube.com/watch?v=Az0eeGHnU-I

but, unfortunately Royce, like 99% of CONgress, leaves much to be desired on AIPAC's meddlings and neoCON PROPAGANDA. then again, not expecting to find any more than TWO Pauls in Congress.
http://www.youtube.com/watch?v=rQ1XdDcaK1o
http://www.youtube.com/watch?v=go2O4VAPjDo

Add this video link:

http://www.youtube.com/watch?v=2lVDS9hwKs0&feature=player_em...

The beauty starts 25 seconds into the interview.

David the Stockman: Would be hero of President Reagan Revolution

This news clip is very good. He is candid & to the point. He is way too humble. He is also painfully aware of the Fed welding power. He is very dismayed at the course of our ship-of-state. David is a "would be" hero... Except for the actions of the Fed.

Let me take your imagination back with me to Washington DC Theater, circa 1980.

The David & Financial Titan era.

An era when Titans reckoned with abandon & wrecked whole nations, with the stroke of a pen....

Wars were only distant memories. Drum beats were constrained.

News was of "Hostages in Iran." 4 score, minus 50 (30) years ago, our Department of State, begged to the tune of, "Please release me, let me go...." All 4 score, minus 28 (52 American) hostages just want to live again.

We sat frozen: One Nation, Under siege, in newsreel, with fear & vigilance for all.

=== Yet, Life was normal == We are the Land of the Brave ===

My friends & I just finished touring Washington DC. We marveled at the Lincoln Memorial. Loved the Smithsonian. Sat attentively while Congress recessed deeper & deeper...

But, let's get past all that. We stand one block off Capitol Park in the Georgetown District. We are dressed & up for the Theater.

========== Titan Theater == For the Brave ============

Come join our party; we'll angle a discount. Come on...

Critics severely under-rate entertainment in DC... It should come as no surprise to you, I appreciate stimulating humor.

David &
======the Titan of Finance,
==================== Paul the V.

starting...
David the Sockman & Paul the Volcker
... as themselves... Live!

[We buy theater tickets & settle in for the performance. The theater is empty, but for us.]

[The lights dim. The curtain slowly opens.]

[The young & dapper "David the Stockman (David Stockman) enters stage RIGHT. Orchestra softly plays, "Yankee Doddle Dandy."]

David the Stockman Came to DC to save our Economy.

  • 1981–1985, US Director of the Office of Management and Budget.

Stockman curtailed the "Welfare State!" Gained reputation as one to budget within our means. The only one in Washington DC. But he worked his magic figuring in nominal dollars. All for not...

[David pauses at stage CENTER. Music stops. Economy stops. David looks up.]

We wonder.

[Enter stage RIGHT, Paul the V. Lightening flashes; Thunder claps....]

We gasp!

[Stage CENTER Lightening strikes!... Trap Door drops away... David the Stockman vanishes. His good deeds vanish as suddenly as he drops away. Behind the curtain, chaos ensues! Voices plead with Paul the V. "Get of the stages. Get off the stage. Give our Economy back!"

Paul the V. continues his command performance, alone.

"The Economy shall not return!" bellows Paul the V.

The theater empties in disgust. Paul the V is still on stage with no concern, for he, and only he, knows how much interest we must pay.]

Paul the V: Devastates economies by "Proclamating" (proclaim by edict) interest rates.

1980, Crushed our economy with sudden nterest rate shock therapy.

Paul the V (aka: Paul Adolph Volcker)

  • 2009, First Chair, Presidents Economic Recovery Advisory Board.
  • 1979 -1987, Federal Reserve, 12th Chairman. Over-lorded "Legal Tender."
    • President Jimmy Carter
    • President Ronald Reagan
  • Succeeded by Alan Greenspun (aka: Greenspan, Web Weaver)
  • 1975 – 1979, 5th President, Federal Reserve Bank of New York
  • 1969 - 1974 Eviscerated the last remnant of the US Dollar Gold Standard as under-secretary of the Treasury for international monetary affairs.

    Paul the V played an important role leading suspension of gold convertibility in 1971, which resulted in the collapse of the Bretton Woods system. Broke promises backing our dollar.

  • Born 1927
  • Schooled
    • Harvard University
    • London School of Economics
    • Mystic Showman: Economist

"That's all folks!" - Porky Pig

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

thanks Gil!

I am updating now.

photoshopwiz's picture

front page!

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The Real Paul
Revolution

Forget the Tea Party. Rep.
Ron Paul's new role on a
Congressional
subcommittee could really
change things.

http://www.cnbc.com/

Ron Paul Is On A Mission That Started Over 35 Years Ago !

He wants to re-educate people on the "Value" of money, since the Fed has destroyed the value of the dollar from its original amount of Silver {371.25 grains } to what some people call almost worthless I.O.U. notes, currently.

An example:
If a person currently works for $10.00 per day, chances are they cannot afford gas to get to work.

But, if the $10.00 per day was paid in .999 Silver dollars, at current Silver prices, that would equal about $26.75 per dollar or about $267.50 per day,
or $1,337.50 for a 5 day work week, or about $66,875.00 per year.

Now if a person could earn that amount per year and own the Silver money,"TAX FREE", we would be well on the road to prosperity again in the USA.

Hopefully, Ron Paul can educate America and Rand Paul on this concept soon.

P.S. The professional dis-information news agents are working full time to smear and distort Rand Paul's words,,,the same way they distorted Ron Paul's words back in 2007/2008, in my opinion.

Why?

They must be afraid he will follow his dad's political platform, and really change America in the future .

beesting

Really Rand?

http://www.rawstory.com/rs/2010/11/rand-paul-there-rich-people/

I don't know about anyone else, but I believe we do have rich and poor in this country. I think the way you increase wealth for more people is NOT through the hands of the rich to the poor, but by people being able to freely associate and work with each other as they please. The way I see it, you can be for free markets and against capitalism. I am a fighter for freedom and free markets, but in practice capitalist don't really want free markets and they just want to maintain the owner class.

my take

I think you missed the point.

I think you missed the point. He was trying to say that the country is not actually divided into rich and poor classes to be taxed individually. He was saying that we all interact to make a smooth running society. In capitalism, a poor man could develop something that richer people would buy, thus elevating the man from his "poor" status. If everyone is "poor" no one could get ahead because no one could afford to purchase much of anything.

I would be saving my money up to buy coffee..and that does not even come from the US.

Not divided into rich and poor classes?

We have had classes of people, rich and poor since the beginning of civilization and certainly since the start of this country. Because I'm just a voice from the internet I would rather have Jefferson make the point.

“Those seeking profits, were they given total freedom, would not be the ones to trust to keep government pure and our rights secure. Indeed, it has always been those seeking wealth who were the source of corruption in government. No other depositories of power have ever yet been found, which did not end in converting to their own profit the earnings of those committed to their charge…I am not among those who fear the people. They, and not the rich, are our dependence for continued freedom.”

“Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise.” -Jefferson

I think if Jefferson were alive today he would be called anti-american by some for his views. He was truly for the masses, the country farmers of his time and he saw them as the ones to fight for.

To be clear, if I had to pick one issue way more important then another other it would be the FED, IMO the FED has much more of an impact on my life then do income taxes. I would rather have Rand spend all of his time on the FED and forget about everything else.

Well, I do see your point,

Well, I do see your point, and am thinking about it. I still think that was what Rand meant, but maybe it is not, after all, so black and white. Obama, however, agrees with Jefferson, to the nth degree then, with his message of "redistributing" the wealth. This makes a nation of "masses"--all struggling. With no doubt powerful "overlords" like Obama. I am not certain, still, I completely get what you are saying..

Come on, Obama isn't even in

Come on, Obama isn't even in the same building as Jefferson. Obama is for redistributing the wealth, just like all the president have been for the past forty years, they have all wanted to redistribute the wealth from the poor and middle classes to the wealthy, thats why we have seen increases in economic inequality increasing for the last for decades. What am I to think that the richer have been becoming richer out of their hard work? Why is redistribution of wealth a dirty word if it is going from the rich to the poor, but the other way around and its A-OK. The same for socialism, the message of rich is socialism for the masses BAD, socialism for the rich via corporate welfare GOOD. Think of this way, if someone steals your car are you wrong for taking it back? No, even if they claim you are stealing it from them you are still justified in taking it.

Again this is really that important in the big picture, what is important is to restore economic freedom to the people. My guess is we have a massive debt revolt soon

Socialism for both the rich

Socialism for both the rich and the poor is a lousy idea. I doubt anyone here would disagree.

I'm with ya, my point was

I'm with ya, my point was that socialism for the rich is almost never called socialism in practice, its presented as free market capitalism and if anyone questions it they are called anti-american, a socialist, communist or any number of buzz words that the masses have been trained to, without anything thinking at all, HATE, HATE, HATE! Thats why I stopped being involved with the tea party after the end of RP campaign I saw how some elites such as the Koch bros. etc. were set to take over the movement and direct the masses to do their bidding. I don't care who you are, but if you watch enough TV filled with lies you will eventually come to believe anything. I have numerous family members that watch Fox News non-stop and they are parrots for whatever message is being broadcasts, which is mostly fear and hate filled.

again,

Taxes are not inherently a

Taxes are not inherently a punishment as Rand stated.

Taxes did not cause the first depression and they wouldn't cause another one now. If you look at the numbers the wealthy have been doing great the past couple of years, its the masses that are hurting. We have a consumption based economy, higher taxes on the top 1% would have marginal impacts of consumption. The wealthy have been stealing the wealth created by the masses for years thats why economic inequalities have been increasing, so lets stop this theft. Not all, but some of the people who get the most from a stable society like the US think they and the work they do exists in a vacuum so that they and they alone can take credit for it, to me this is simple illogical.

Rand you really want to make a difference put your efforts into getting rid of the fed, ending patents, ending corporate personhood and legalizing drugs and if you get through all that then maybe tinkering with the tax rates and budget would be helpful.

Ending patents?

There would no longer be a financial incentive to invent anything and companies would simply outright steal ideas and designs without consequence. You want the US to turn into Calcutta? To hell with that.

I am for free markets

Do a little research on this issue and then try claiming ending patent protection will turn the US into Calcutta. Patents, particularly as they exist today stifle innovation don't promote it. I want free markets and not government protectionism, lets not have the government stand in the way of progress. I surprised someone on a RP site, would hold such a fascist view, but then again I am all for freedom of ideas and speak so please do continue to argue your view as you wish.

Anyone who wants to destroy

Anyone who wants to destroy patent protections has obviously never invented anything. The system is not perfect, but tossing it out wholesale is an appeal for communism... which never worked. Intellectual property is as valuable as physical property and both need to be defensible. If you were the guy who invented the variable speed windshield wiper, you should be able to take on Ford and win if you followed the rules.