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Anybody Here Seen My Old Friend Ron Paul?

Not too long ago in the course of this rEVOLution, there were concerns expressed for the personal safety of Dr. Ron Paul. Apparently, many people shared those concerns, and friends in the movement have expressed them to me personally.

This is likely because in days past, all too often during my own lifetime, promising leaders have been "taken out" as a pragmatic response by the "powers that be" to the threat they were beginning to pose towards the status quo.

Of course, in almost all cases it was a "lone gunman" or some "unbalanced individual" at fault, with no conclusive way to trace those who ordered the "hit." Several incidents spring to mind: John F. Kennedy, his brother Robert, Martin Luther King, and near-martyr Ronald Regan, whose leadership after the Hinkley bullet never seemed quite the same.

Nevertheless, the shadowy powers behind the throne may have now learned they don't need more martyrs to deal with. Those who die in pursuit of a noble cause have often "come back," metaphorically speaking, larger than life, and the memory and legends engendered become even more effective than the living, breathing original was.

Ron Paul, thank God, has not suffered the fate of a martyr. Will we his followers, who have been inspired by his leadership and his rallying call for freedom, let this movement die a natural death? Will we sit back and let the globalist shadow government win by default? Even now they seem to be moving full steam ahead towards a North American Union and an Amero currency.

Has this generation finally become so mesmerized by "The Tube" that we'll just go back to sleep and let our country slip away without a fight?

Read the whole article at: NolanChart.com

Top 5 Mises Quotes

1. "Used to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new and better accessible to him. Looking backward upon the years of his own life, he realizes that many implements that were totally unknown in the days of his youth and many others which at that time could be enjoyed only by a small minority are now standard equipment of almost every household. He is fully confident that this trend will prevail also in the future. He simply calls it the American way of life and does not give serious thought to the question of what made this continuous improvement in the supply of material goods possible."

2. "Full government control of all activities of the individual is virtually the goal of both national parties."

3. "The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society."

4. The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.

5. "Not mythical 'material forces', but reason and ideas determine the course of human affairs. What is needed to stop the trend towards socialism [i.e., social capitalism] and despotism is common sense and moral courage."



P.S. It is important to note that the Austrian theory does not imply, as some have interpreted it, that we are witnessing the results of "overinvestment." Austrians do not contend that the Fed really has put more gas in our car! Since the Fed produces no capital goods, this obviously could not be the case. Rather, we suffer from malinvestment, as we have spent time and resources on projects that we cannot actually complete, and which we would not have undertaken if we had had an accurate reading on our gauge.

As Mises put it, " A further expansion of production is possible only if the amount of capital goods is increased by additional saving, i.e., by surpluses produced and not consumed. The characteristic mark of the credit-expansion boom is that such additional capital goods have not been made available." [...] The Fed, the pediatrician of our analogy, feels it can improve on this natural state. It doesn't alter any of the real inputs to this process, such as capital currently available or the willingness to save. Instead, it fidgets with the economy's "hormonal levels" by adjusting the interest rate. When it makes credit easy, the economy's apparent growth speeds up. In fact, what has occurred is that certain visible manifestations of growth have accelerated, while other, equally necessary but less visible growth processes have suffered as a result. Without the necessary "nutrients" being present, this sort of "growth" is built on a foundation of sand. The "bones" weaken and cannot support the body.

The central bank, fearing a collapse, then tries to reduce the rate of growth through tightening credit. This in no way undoes the damage done during the period of credit expansion, but, rather, adds a new set of distortions to those already present. Of course, once the central bank has engaged in credit expansion, it is foolish to blame it for reining in the boom. The only alternative is eventual economic collapse in what Mises called "the crack-up boom," or hyperinflation and the breakdown of the exchange economy. (Source: Mises.org)

Let the debt deflate

What we are seeing is just 'history' (the techniques of mass manipulation) repeating.

After the 'boom' created by low interest rates and unlimited credit since the 1990s, they are crashing the global economy through what is being called the 'Credit Crunch'. Put another way, they put lots of money into circulation (boom) and now they are taking it out again (bust).

This means that there comes a moment when there is simply not enough money in circulation for everyone to pay back their outstanding 'loans'. [...] Other aspects of this same agenda include: The crashing of the US dollar to prepare for its replacement by a 'North American Union' currency (working title at least, the Amero) which would become the currency of the United States, Canada and Mexico with plans to extend it to the whole of the Americas.

Source: Folsomtelegraph.com

Wiki Snapshot: April 3, 2008

The North American currency union is a theorized economic and monetary union of the three principal countries of North America, namely Canada, the United States, and Mexico.[1] Implementation would probably involve the three countries giving up their current currency units (Canadian dollar, U.S. dollar, and Mexican peso) and adopting a new one, created specifically for this purpose. The hypothetical currency for the union is sometimes referred to as the amero.[2][1] The concept is modeled on the common European Union currency (the euro), and it is argued to be a natural extension of NAFTA and the SPP. Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency.[1] No current members of any country's government have stated a desire to implement a "North American Union". ~Wikipedia

Quasi Absolute Power for the Fed

President Bush wants to give the Federal Reserve power to act when market stability is threatened. [...] Other change Bush is proposing is to consolidate stock and commodity trading agencies. [...] According the main newswire they have obtained the 22 page executive summary of the overhaul and the plan would give “major new powers to the Federal Reserve.” Remember that the Federal Reserve is a quasi-government and at the same time a private-operated agency. [...] One might surmise from this breaking news, that the Amero is coming soon to your wallet.

-Marlene Donor (BestSyndication.com)

"Don't short the greenback"

Why Shorting the Dollar Now Could Be a Big Mistake: The world is short the dollar right now. But that could be a big mistake…
The outlook for the ailing greenback – finally – is getting healthier, which makes it the perfect time to go long.

I know this is a wildly unpopular and completely contrarian stance, so let’s get right to it. Here are the 10 reasons I think the dollar’s headed for an inevitable reversal:

1. If Not the Dollar… Then What?

2. The Fed: From Enemy to Ally

3. What Goes Down Eventually Goes Back Up

4. Warren Buffett, Jim Rogers and Bill Gross CAN Be Wrong

5. Pop-Culture Even Hates It

6. The Most Unlikely & Unsophisticated Are Speculating

7. Psst! Did You Hear About the Amero?
Another contrarian sign we’re at an extreme bottom – talk of the Amero or Americo is popping up again. First floated by Dr. Herbert G. Grubel of the Fraser Institute in 1999, this is largely a conspiracy theory that the governments of Canada, the U.S. and Mexico are secretly planning to launch a unified currency to compete with the euro. This is such a bad idea on so many levels I can’t get into them all here. Just trust me, the world’s largest economy is not going to relinquish macroeconomic control by opting for a unified currency.

8. A REALLY Weak Dollar Helps No One

9. We’re Not Decoupled Yet

10. Stocks Love A Strong Dollar

Read Louis "Paperpusher" Basenese at MoneyMorning.com