With the presidential race heating up, there have been many questions raised about Texas Congressman, Ron Paul. Many of these questions spread from rumors or false information. Most of them are actually raised by Republicans as opposed to Democrats. Is he really anti-Israel? Is it true that he's pro-choice? Unfortunately, there are some who are so desperate to keep this man out of the White House that they continue to promote these distortions. Therefore, the record must be set straight and a case must be made for the doctor from Texas.
Great read. Ron Paul article on debt ceiling and default in Bloomberg.
By Ron Paul | Jul 22, 2011
Debate over the debt ceiling has reached a fever pitch in recent weeks, with each side trying to outdo the other in a game of political chicken. If you believe some of the things that are being written, the world will come to an end if the U.S. defaults on even the tiniest portion of its debt.
In strict terms, the default being discussed will occur if the U.S. fails to meet its debt obligations, through failure to pay either interest or principal due a bondholder. Proponents of raising the debt ceiling claim that a default on Aug. 2 is unprecedented and will result in calamity (never mind that this is simply an arbitrary date, easily changed, marking a congressional recess). My expectations of such a scenario are more sanguine.
The U.S. government defaulted at least three times on its obligations during the 20th century.
Continue reading at: Bloomberg
“I think they believe what they are saying, but I think they don’t understand economic policy because they’re afraid of a default and they’ve been frightened,” Paul told Woodruff. “But this is the way so often government works — they try to frighten the people.”
Original link from PBS: http://www.pbs.org/newsho...
ANKENY, Iowa--(BUSINESS WIRE)-- Rep. Jason Schultz (R-Schleswig) of the Iowa House of Representatives’ 55th District today announced plans to endorse Ron Paul in his 2012 campaign for President of the United States.
“Ron Paul has been a consistent voice for individual rights and constitutional conservatism. He predicted this great recession while most laughed at the idea, and he is now the strongest and clearest voice on how to return to sound economic principles”
Rep. Schultz will endorse Paul at a speech and meet-and-greet the Texas Congressman already has scheduled for 9:30 a.m. on Monday, July 25th at the Hilton Garden Inn, Ames.
A farmer by trade with strong ties to the farming community, Rep. Schultz is serving his second term in the Iowa House, serving as Chair of the Economic Development Budget sub-committee. He also serves on the Appropriations, Labor, Economic Growth and Environmental Protection committees.
“Ron Paul has been a consistent voice for individual rights and constitutional conservatism. He predicted this great recession while most laughed at the idea, and he is now the strongest and clearest voice on how to return to sound economic principles,” said Rep. Schultz.
“Dr. Paul has a record spanning more than 30 years of consistent, principled votes. We need Ron Paul in the White House.”
The endorsement will occur in association with the Iowa component of the 2012 Ron Paul Presidential Campaign. Details of the event are as follows.
"Rex Tillerson, the boss of ExxonMobil admitted last week that the price of oil based purely on supply and demand - should be in the $60 to $70 a barrel range. The reason its above $100 a barrel, Tillerson explained, is due to the oil majors using futures contracts to lock in current high prices, and speculation that is engineered by the high-frequency trading of quantitative hedge funds.
That was just one of the stunning revelations made during the Senate hearing on tax subsidies to the oil industry which featured the 6 most powerful CEOs BP, Shell, Chevron, Conoco-Phillips and Exxon-Mobil all sitting like ducks in a row giving the stiff-arm to pressing unfriendly inquiries from a host of Democratic Senators.
The formal showdown between Big Oil and Big Politics was enormously revealing theater about just how selfish and narrow-minded cash-rich industry can be when called upon to do their patriotic duty in balancing the budget. Ouch!!!
Here are some other juicy disclosures from the hearing:
In spite of constant headlines about debts and deficits, most Americans don’t really believe the U.S. dollar will collapse. From knowledgeable investors who study the markets to those seemingly too busy to worry about such things, most dismiss the idea of the dollar actually going to zero.
History has a message for us: No fiat currency has lasted forever. Eventually, they all fail.
BMG BullionBars recently published a poster featuring pictures of numerous currencies that have gone bust. Some got there quickly, while others took a century or more. Regardless of how long it took, though, the seductive temptations allowed under a fiat monetary system eventually caught up with these governments, and their currencies went poof!
You might suspect this happened only to third world countries. You’d be wrong. There was no discrimination as to the size or perceived stability of a nation’s economy; if the leaders abused their currency, the country paid the price.
As you scroll through the currencies below, you’ll see some long-ago casualties. What’s shocking, though, is how many have occurred in our lifetime. You might count how many currencies have failed since you’ve been born.
So what’s the one word for the “thousand pictures” below? Worthless.
DES MOINES, Iowa -- Republican establishment types in the nation's first voting state quietly refer to it as The Doomsday Scenario. And it goes something like this:
On a scorching, triple-digit Saturday in central Iowa next month, many of the casually attuned GOP caucus-goers who had planned to attend the Ames Straw Poll instead decide to stay home or make a beeline for the nearest air-conditioned movie theater.
Meanwhile, throngs of the famously devoted supporters of Texas Rep. Ron Paul wipe the sweat off their brows without batting an eye and descend on the campus of Iowa State University to propel the libertarian-leaning icon to yet another straw-poll victory -- but one that might actually be significant for once.
Tom Woods will be on Stossel tonight at 10pm ET on the FOX Business Network talking political correctness and U.S. history. The show is repeated Saturday and Sunday at 9pm and midnight. Tune in!
Here's the whole Stossel Show. Tom Woods is on the first part.
The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank. Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion. Of the $16.1 trillion loaned out, $3.08 trillion went to financial institutions in the U.K., Germany, Switzerland, France and Belgium, the Government Accountability Office’s (GAO) analysis shows.
Tom Woods, chairman of Revolution PAC, talks about the new super PAC created by Ron Paul supporters.
‘Southern Avenger’ signs on to blog, energize voters
LAKE JACKSON, Texas--(BusinessWire)--The campaign for 2012 Republican presidential candidate Ron Paul has gained a key media figure with the hiring of conservative commentator and columnist Jack Hunter as official campaign blogger.
“It is a genuine privilege to be a part of the Ron Paul 2012 presidential campaign,” Hunter said. “Dr. Paul’s common sense and consistency with respect to truly authentic conservatism has gained wider attention, and he is the one candidate that takes principled stands on every issue.”
Hunter, a long-time radio host and The American Conservative Magazine columnist, is a prominent figure on the conservative political scene. He also assisted Sen. Rand Paul with his book The Tea Party Goes to Washington.
Dennis Kucinich "War Takes Money From The American People & Gives It To War Profiteers!"
Hey y'all. I wanted to suggest an idea which has been used before with much success - wearing t-shirts and stickers on personal items with "ASK ME ABOUT RON PAUL" on them. We might as well explicitly invite people to approach us and ask whatever they want to know about RP. It may be that little extra encouragement they need to approach us.
UPDATE: Email DPer jmofaustin - he/she says his brother makes them, and he will send you the design his brother is printing (see his/her post below).
Here is a testimony from DPer AOXOMOXOA from back in 2007: