Airing Date October.05, 2011
Ron Paul On The Dylan Ratigan Show Talking OWS And The Fed
I HEART RON PAUL !
I made this poster warning about the dangers of inflation by comparing the inflation of The Weimar Republic in the early 20's with the inflation of the US Dollar the last 40 years in relation to gold:
Most of the reports about the huge Metals sell-off (silver from $44 down to $30) are identifying the cause as "strong demand for the U.S. Dollar".
The Dollar index has indeed risen to nearly 78 (from the low-mid 70s), but this raises a few questions here:
1. Why would the U.S. Dollar be rising in value? There has been no credit tightening, no major reductions in U.S. Debt, no end to the U.S. Wars and overseas spending, and no announcements by the Federal Reserve of any big shift in policy. So why the jump-up?
2. The colossal nosedive in Metals is totally out of proportion with the relatively moderate uptick in the U.S. Dollar. So why would Metals crash altogether (and yes I consider a $44 => $30 cliff-dive to be "a crash").
3. Obviously the Metals market is manipulated, but there has been no new big events like Goldman Sachs going bankrupt, or a CitiBank meltdown to shock the market, or trigger some new manipulation like 2008. Yet it sure feels like we are in a deflationary 2008 meltdown. So what explains this?
Here is an interesting Doug Casey interview where he also talks about his opinion on RP 2012. There are some interesting points he makes.
Here is some nice commentary from the Gold & Silver blog, incase you missed it...
Gold and Silver Blog
Precious Metals News and Commentary
The Road Map to Sound Money and Restoring the Dollar – Ron Paul’s Proposal
September 15, 2011
Also linked here:
The Ayn Rand Institute held its annual "Atlas Shrugged Revolution" dinner Thursday night in New York City.
In attendance were a number of financial luminaries and hedge fund managers, including Peter Schiff of EuroPacific Capital, John Tamny of RealClearMarkets, Dmitry Balyasny of Balyasny Asset Management and Scott Schweighauser of Aurora Investment Management.
There are two mainstream market assumptions that, in my mind, prevail over all others. The continuing function of the Dow, the sustained flow of capital into and out of the banking sector, and the full force spending of the federal government are ALL entirely dependent on the lifespan of these dual illusions; one, that the U.S. Dollar is a legitimate safe haven investment and will remain so indefinitely, and two, that China, like many other developing nations, will continue to prop up the strength of the dollar indefinitely because it is “in their best interest”.
Posting these highlights for anybody who didn;t see
NEW YORK (CNNMoney) -- The Federal Reserve and four other powerful central banks threw a lifeline Thursday to Europe's struggling banks.
The European Central Bank -- along with the Fed, the Bank of England, the Bank of Japan and the Swiss National Bank -- announced a coordinated plan to pump dollars into Europe's financial system.
The aim: Provide U.S. dollars to European banks that need the currency to fund loans and repay debt.
With an avalanche of ever-tantalizing news stories and upcoming nail-biting scheduled officialdom events in both Europe and the U.S. all hitting the gold market at once in September, discerning the story that could propel some distance from Jim Sinclair’s exosphere target of $1,764 in the gold price weighs heavily in favor of the WikiLeaks story and its potential explosive impact on the price of gold from today $1,900 print to Sinclair’s ultimate target of $12,000+.
HR 1098 (Free Competition in Currency Act of 2011 - Sponsor: Ron Paul) has been granted a hearing with the Committee on Fincancial Services, lets show some 3VOL!!!
Can we get some Facebook/Twitter love?
Ever wonder how Americans can step toward sound money without immediately shuttering the doors at the Federal Reserve? The first step would be to repeal legal tender laws (which grant the Federal Reserve an unconstitutional monopoly over our medium of exchange). You can also remove taxes on "collectables" like gold coins and bullion.
Hey guys I hope you will watch my first ever Ron Paul Youtube video. They looked like fun so I had to join in! ; )
I tried to go for a different feel, a more solemn approach that says, "HEY! Ron Paul IS THE ONLY GUY who is in a position to solve our major Problems."
Thomas Woods Jr is narrating and Ron Paul is doing his thing.
Thanks for Watching!