Successful Economic Policies? For Whom?
by Ron Paul
Last week, in the wake of another uptick in the official unemployment rate, the administration continued to claim that their economic policies were working, just not fast enough. This administration inherited an unemployment rate of 7.7% and promised a peak of no higher than 8% if their policies were followed. Not only does the administration have a funny way of ending a war, but now they claim their economic policies are successful. For whom, I wonder?
These policies are not working for the 9.6% of Americans who are out of work, nor for the over16% underemployed. They are not working for nearly 3 million Americans who have declared bankruptcy in the last two years, or the 40 million currently on food stamps. Nearly 1 in 6 Americans depend on those and other government anti-poverty programs such as Medicaid and unemployment benefits. As more Americans are added to the unemployment rolls, the tax base from which to hand out their benefits is shrinking. Still, businesses are being taxed and regulated out of the market, adding to the problem. What solutions are put forth? More government spending – even as each citizen’s portion of the public debt is over $43,000 and expected to increase by $250,000 over the next 40 years.
No, this economy is not working for these people. But current economic policy does “work” for some people. For example, it has worked out very well for certain bankers and large corporations, who took on too much risk and got themselves in hot water, and were declared “too big to fail” which is really a euphemism for “friends in high places”. It works well for large, well-connected military industrial corporations, who can always count on perpetual war and conflict to keep them in business. It also works for those on the government’s payroll, which is increasing as the tax base is decreasing.
So where does the government get all this money even as its most obvious stream of revenue dries up? How can it keep spending seemingly indefinitely? Once it steals as much from you as it can get away with through taxation, it steals even more from you through what central bankers like to call quantitative easing, which is more or less the same thing as counterfeiting. When the money is no longer based on a finite quantity of something of value, like a store of gold or silver, the amount of money in circulation is not limited by anything but the restraint of those in control of the printing presses, in our case the Fed and the US Treasury. When increasing pressure is put upon them by irresponsible politicians, it is predictable that out of thin air, more money will be created to satisfy the insatiable appetites of those on political spending sprees. As money becomes more plentiful, it becomes less valuable, and the average citizen suffers again as the value of their savings evaporates. It has happened over and over in history, and what usually follows is the total debasement of the currency, hyperinflation and chaos.
Sound economic policy would be to take our foot off the gas and apply the brakes to government spending as the economic cliff approaches. We must get back to where our economy produces actual wealth, rather than mere paper wealth. The road back to fiscal sanity and a strong economy is simple: Congress just needs to get back to following the Constitution.
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A clear road back to America; doing what anyone really should long ago
1. Respect is the key it is not something you FIGHT, BOUGHT or GIVEN- RESPECT HAS TO BE EARNED.
2. Bring back our troops STOP POLICING the WORLD
3. STOP SPENDING counterfeit war funding to FOREGIN countries.
4. Issue United States Currency as per JFK orders prior to his execution
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5. Un Unionize the States from the democracy back to the republics allowing right to work self sufficiency within each and every piece of territory we labeled a State ending the FED family law scam
6. Reduce Government 85% end FED/CFR/CIA/FBI/FCC/DOT/FEMA/H¬LS/NAFT/IRS TSA/CDA/ADST/AGR/BPP/B&F/CA/CI¬O/CLO/CON/DOE/ECA/EPA/FAS/GSO/-IMS/NATO/NSA/USO/WTO and thousands of other secret agencies in between and on and on
7. End the IRS CON SCAM from the BRITISH and turn it over to each State
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8. Enact independent town meetings and share live on the internet between Americans
9. Be of service for your neighbors and your neighbors will take care of you
10. What do we keep:
Our personal GUNS
A Minimized army
Minimal State law enforcement
Taxes from the IRS to the States for road repairs allowing in depend workers non Union
And take care of our families being an example not a phony foreign aid counterfeiter
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8. Enact independent town meetings and share live on the internet between Americans
9. Be of service for your neighbors and your neighbors will take care of you
10. What do we keep:
Our personal GUNS
A Minimized army
Minimal State law enforcement
Taxes from the IRS to the States for road repairs allowing in depend workers non Union
And take care of our families being an example not a phony foreign aid counterfeiter
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But, liberals ARE smarter. Higher S.A.T. scores, smarter in general..not hilarious.
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Fight the banls: watch?v=k1wptCr4W70
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I like him, but he merely states the obvious. He doesn’t really provide any actual answers to the question of what to do about the corporatocracy.
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Not sure what bankers they talked to all my rich friends HATE Obama and think he’s extremely anti-business. Those are real people too not some dude on Fox news. Go figure.
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Well, try to be a Rothbardian for a second. They will call you a traitor!
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How is it that Ron Paul doesn’t seem extreme? I’ve never understood it. At school, I position myself with his policies and folks label me off as extreme.
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i’d be shitting myself if i were ron paul. if any politican gets assainated, it will be him. but i hope not…
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This message should be translated into every language on the globe. Spread the truth and fight big bankers and corporations. Do you want your children to live as slaves?
Freedom!
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By the way, its HILARIOUS that you call me a “liberal”
Absolutely fucking hilarious.
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By the way, there are far less emissions from ethanol, and ethanol can boost your horsepower in your vehicle by a great deal, and also burns cleaner,smoother, is less detrimental to the environment, (especially the hemp solution) and also, don’t tell me what to do. Cannabis helps treat cancer as well. So how does keeping it illegal do anything but create a nightmare of subsidation and crony corporatism and favoritism? I’d rather politicians stay out of my wallet.
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subsidation doesn’t work, I’m not talking about subsidizing industry, I’m talking about legalizing hemp, because hemp is a very clean source of ethanol and wouldn’t cost any “forced taxation” like the liberals are trying to push down our throat, liberals want to force carbon tax down our throat, but the hemp ethanol solution would prevent deep sea drilling disasters like what happened in the gulf. Just to prove out little YOU know. Good day sir, I don’t need any “hybrid”
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He sounds like he’s getting tired of repeating the same message. He’s absolutely right of course. Keep trying Ron!
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9/11 Truth
LibertyPoet
website
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Don’t bail big companies out, let them fail and give the little guy a chance. They had their chance and failed.
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Mr. Paul, we need to buy you a new mic!
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This guy is amazing.
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THE SECRET OF OZ at theopensource . tv
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Ron Paul for president 2016
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Why 2016? Didn’t you had enough of OBAMA for the last three years?
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This guy is very brave, we all know what happens when you pose a threat to the MilitaryIndustrialComplex & The Fed Reserve.
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So it’s back to appeasing Islam to preserve the precious US $ / OIL relationship
so America can go on printing money endlessly and export the inflation globaly through everyones need to obtain US dollars to purchase their oil… the same substance thats bringing about catastrophic clmate change .
Stop the corruption! Starve the elites of paying customers for what their selling for your offsprings sake.
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A hero and a truthteller = Dr. Ron Paul
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“Yea Ron Paul my hero!!!
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Hum, I would like to hear the ideas of those 2 who voted dislike
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Vote monarchy. Lord of the Manor is my name. A democratically elected president is loyal to no one but the campaign contributors (the big bankers and corporations Ron Paul was mentioning). If I were king, I would shut them down permanently.
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Vote monarchy. Lord of the Manor is my name.
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Ron Paul 2012! Ron is the only honest politician left in America! Support Ron Paul! Support constitution! Support America! Support troops! Bring them home!
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As always the honest Ron Paul!
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One thing you’ll never hear the US corporatocracy talk about is the wests dangerous US $ / oil connection as it relates to the appeasement of
Islam and any meaningful action on climate change.
OPEC’s deal to sell oil only in US $ is allowing America to print money endlessly as oil purchasers help dilute what would be an inflationary policy at home globaly making US inflation more managable.
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the banks like obama. if they did not he would have never been appointed as CEO of “UNITED STATES”.
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they can ride on their high horses until the new world empire totally collapses, by the Wrath of God the Creator.
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10-15% fir tax explained
5 dollars earned 50. cents
five dollar spent 50. cents
5 dollars earned from sale 50 cents
usin the 5 dollars to but more merchandise to sell again 50 cents
5 dollars received for the merchandise bought 50 cents
so i have to return to work so ill cut it short
this one five dollar bill spent and earned 5 times the government has created half of the value of the origanal five dollars and we know the same five dollars can generate millions for the government
fair tax
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Yes Mr President. This man is honest fair and tries to not harm the little guy he defends the minorities rights when the majority or the mob of 51% feel they know better then the minority or marks the mob majority will tax extort the minority or marks.This is the standard of human life the majority or the strong will extort the minority or marks.Only America gives rights to the defenseless the lesser of us and even the crimanals who wish to erase our very existance.
So i must say we will fight.
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The bankers loved Bush & Paulson even more…
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Actually a fiat currency rather than a gold backed currency is better for the people, please find the Secret of Oz.
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Of course they do. He just gave them a large amount of our money w/o our consent. He is willing to build them up at our expense while many still suffer w/ unemployment. meanwhile he vacations and gives speech after speech. Sorry BO. we know yoour no different than the rest and that will be revealed at the polls.
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Americans, why haven’t you listened to this guy’s advice much earlier? It may be too late now.
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The Joke in the White house trying to sell his job killing economic policies! I would like to see RP become commander and chief.
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Search For the documentary
“BUSH OBAMA DESTROYED US ARMY”
Part 2 uploaded
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Ron Paul 2012!
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Ron Paul is my all time hero. Hopehe runs again in 2012. He is the greatest patriot of all time; with knowledge of history, economics, healthcare, the Constitution, and how politics works in our corrupt government. He is a gift to us from our Creator. He is are best hope for the salvation of our Republic.
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Never thought I’d look up to any politician, but Ron Paul is one of few in Washington that actually cares for the middle class. The founders would be very proud of this man.
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I’d like someone like Ron Paul to be president. Downsizing the government ftw. However, safeguards need to placed to prevent private interests from becoming too powerful, as we’ve seen the slow and gradual result of that which began with the Rockefellers almost 150 years ago. Free market capitalism will always descend into the corporatist mess we have now unless we are vigilant…and this may sound radical, but I propose we get rid of money altogether. I mean, resources are no longer scarce.
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I am seriously thinking about putting a bigger chunk of my pay check into my 401k..
Living at home with da parents now and saving up most of my money..
If the value of the dollar decreases, wouldn’t the stock market prices go up? So wouldn’t my money be safer in a 401k (though the down side is I cant get it until I am retired)
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thefakeyeti,
The stock market might go up, but my guess is that it’s going down. And if the market goes up, everything else is going up, so there is really no gain beyond keeping pace with rampant inflation. I believe we’re heading towards deflation for the things we want, and inflation for the things we need. And putting more money in your 401K locks up more cash if you need to deploy it.
If you listen to Bob Chapman, he’d tell you to stop contributing to your 401K, and to take a loan out against it and buy gold.
Before pulling the trigger, I’d recommend reading/following:
FOFOA (FreeGold idea)
Calculated Risk
Golden Truth
JMineSet
Jesse’s Café Américain
etc…
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Ron Paul NEEDS to be our president!
PLEASE register your vote so that he will run again for 2012!
Go to: ronpaul(dot)com
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Dear Ron. You are spot on. The signs are here. China and India are buying gold. Germany had two failed bond auction. The last signs will be a Comex default on silver and then the crash of 2010. Seek shelter my friend. All the best RS.
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well said
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