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Ron Paul: I'm Trying to Prevent The Collapse of the Dollar



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ecorob's picture

Ron Paul has founded...

The True American Party

and we will NOT be co-opted!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

How can people listen to what he says

and NOT think he is the best person to sit in the WH?
Thank you, Dr Paul, for all you do and will continue to do.

If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy.
James Madison

China and the Petrodollar

Will the globalist hide in Europe behind the British Pound avoiding the pissed off masses of Europe once China and The Fed help sink the petrodollar? You can't even begin to fight China with a third of the American population in FEMA camps if China decide to expand and eliminate the globalists manning their prison camp USA. The UK doesn't have the numbers to fight a war of attrition with China. Can you even fight China, over a billion strong, with ALL three-hundred-million Americans? I think because of China's propositions to help ease the globe off the petro dollar we're going to see more establishment hacks sounding more and more like Ron Paul in the near future. The game has changed.

the ron paul phenomenon

is the rise of the Americans who are truly American to shephard the way to peace...

Cheers!

A true flower can not blossom without sunlight and a true man can not live without love.

Mr. Bernanke Tear Up This Debt!

Ongoing deficit spending has recently pushed the U.S. national debt up above the $16 Trillion mark... Or has it? Politicians tell us that we stand at the edge of a fiscal cliff at year end which will automatically cut spending by $1.2 Trillion divided evenly between military and domestic programs. In addition, taxes are set to go up on everybody by $334 billion for FY 2013 unless Congress comes to a political agreement on what to do about the debt ceiling which is currently capped at $16.394 Trillion.

Meanwhile, the economic recovery, weak as it is, is nevertheless providing enough growth to increase tax revenues relative to government spending which means that the federal budget deficit is actually shrinking slowly on its own without any spending cuts or tax increases.

The bipartisan Congressional Budget Office estimates in its Monthly Budget Review for September that the Treasury Department will report a deficit of $1.17 trillion for the first 11 months of fiscal year 2012, almost $70 billion less than the deficit at the same point last year. Total tax receipts were up 6% through August totaling $2.2 trillion, or $126 billion more than those collected in the same period last year.

http://www.cbo.gov/publication/43571

In CBO’s most recent budget projections, the agency estimated that the deficit for fiscal year 2012 (which will end on September 30, 2012) will total $1.13 trillion, about $175 billion less than last year’s shortfall.

http://www.cbo.gov/publication/43571

It would be tragic if the automatic spending cuts and tax increases scheduled to go into effect resulted in pulling the rug out from under the weak recovery and throw the economy back into recession. Ironically, this would only make the deficit bigger again due to the loss of tax revenue.

The $16 Trillion national debt is partly an ILLUSION because the Federal Reserve owns $1.6 Trillion of it which it purchased through its QUANTITATIVE EASING programs.

How much sense does it make for the Treasury to issue debt only to have the Fed buy it back?

The Fed earns about $80 billion a year in interest income from these Treasury holdings which it then remits back to the Treasury.

In other words, this is debt that the Government owes itself! Our children and grandchildren aren’t even involved and they will not be saddled with this debt as long as the Fed holds it so why should it apply to debt ceiling?

Is there any good reason why the Treasury and Federal Reserve couldn’t simply wave a magic wand over this $1.6 Trillion debt owned by the Fed and declare it null and void?

That bold action would reduce the outstanding debt to $14.4 Trillion which is well below the current statutory debt ceiling of $16.394 Trillion.

Instead of driving over the fiscal cliff like Thelma and Louise, the Treasury and Fed could give Congress the means to slam on the breaks. This would buy policy makers another year or so of valuable breathing space to formulate sensible fiscal policy for economic growth rather than causing a self inflicted wound on the economy and millions of American workers and businesses.

Mr. Bernanke, if you seek transparency and accountability for the Fed…. If you seek prosperity for American citizens then come to Congress and tell our law makers that the Treasury debt held by the Fed should not apply to the debt ceiling. Mr. Bernanke TEAR UP THIS DEBT!

Ed Rombach

You cant really blame

anyone but ourselves. we've allowed this to go on for decades and we might just be letting it go on for another. The numbers dont lie, this is bigger than anything in history!

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

.

BUMP!
Thanks~

"OH NO! He has a SON?" Neoconservatives and Liberals EVERYWHERE!

Rand Paul 2016

C_T_CZ's picture

Choices are important...

If the dollar does collapse, Americans will spend many years asking themselves why they did not nominate Ron Paul then they had the chance...and then why they did not elect Gary Johnson when they had yet another chance.

Proclaim LIBERTY throughout all the land unto all the inhabitants thereof