53 responses to “Ron Paul Re-Elected to U.S. House”

  1. Jack

    We the people object to an Austrian individualistic anarchist-capitalist society without a state and where the money represents gold. Such society cannot long continue to function on that basis. There will soon come a concentration of power in which a small group of powerful individuals (oligarchs) take all the power because they have more gold than the rest.

    A private bank or a George Soros will become the actual power of a state and build a private army to protect its interests. This will lead to a power struggle among the oligarchs until a few of them are in control. There is nothing to prevent this because all individuals with less capital and less power will be employed by the oligarchs out of self-interest, or develop criminal activities out of frustration and needs.

    Ultimately, you will have a feudal society. And ultimately this will change into a different form of society. Ideal societys do not exist and people will always try to do things out of self-interest, and there will always be people who fight for power and control.

    Mathematically Perfected Economy solves an important and very critical issue, because OUR money (the people´s currency) as a loan is accessible for everyone (who complies with our democratic choosen conditions) WITHOUT INTEREST.

    If he / she is creditworthy and with the product/property securing the loan (our labour and produc(tion) loans are simply issued with NO ONTEREST attached.

    This will push the capital oligarchs (austrians, bankers, and such) out of the game, and they cannot impose no longer their will by just having capital, and therefore gain unlawful and undeserved (usury) profits, because that capital (our true currency) is now available FREE OF INTEREST.

    Loans are retired out of circulation in a timely based manner as per consumtion/depreciation of the product/property where the loan was applied for, and the money is destroyed/deleted from the system.
    No inflation, or deflation. And most of all: no terminal failure!!!

    This preventive approach will also be a major shift in which everyone has equal opportunities with a much broader social base in which crime out of frustration will largely disappear.

    This is the only solution. If we accept anything less we will fail (again)!

    Or in Benjamin Franklin´s words: JOIN, OR DIE

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  2. Richard K

    If we do not demand that Ron Paul be Speaker of the House, our nation will not exist much longer. Youtube Jesse Ventura's Conspiracy Theory about Wall Street You will find the problem with the government and the criminals who actually run it. It is not our government which was hijacked by a criminal cartel (Rothschild Mafia) on November 22, 1963 as I have been saying for years. Only a total ignorant brainwashed fool would dare to debate this after researching the facts.

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    1. Citizen

      I like the sound of that
      Speaker of the House .... Dr. Ron Paul!

      Wow, I'm there!

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    2. Jessica

      There are too many confusing messages running around in the media, or web. The youtube says one thing and you are saying two opposite things in this single statement.

      So which one to believe? very hard to make informed decisions in so trying times for the country and so for sooo many millions of people.

      This is no way to make politics or policy, or it shouldn't be.

      Back to my real world, where life really matters, and people DO count, at least for little me. And politics means something else. Maybe people's mind did get screwed after all, but many are ok, and they will indeed make a difference.

      Yes Ron Paul seems like an OK person.

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  3. Jack

    Our Monetary system. It´s the INTEREST, Stupid!

    Assume that we are on an island with 1,000 people, and we have no debt or money – we are starting off with a clean slate and we will mimic our debt/INTEREST based money system in establishing a monetary system.

    More specifically, all money is debt with interest applied. Since only the principal is created through IOUs and collateral, there will always be more debt than money. We can calculate the percentage of loan failures that must result unless new money is added to the system.

    We can calculate the success/failure percentages: (Note: P = Principal and I = Interest collected through the life of the loan)

    * The percentage of successful loans = P/(P+I)
    * The percentage of failed loans = I/(P+I)

    So, if $100 million were borrowed (P = $100 million) and $10 million in interest was charged (I = $10 million), then we may calculate that 91% can be paid back and 9% will fail.

    The alternative is to borrow more money AT INTEREST to reduce/eliminate the defaults. But, this will set up a perpetual loop, the gap between money and debt will increase as we borrow more AT INTEREST.

    I can also use Laplace transformations and algorithms to model more dynamically but that would require more variables.

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  4. Fem

    Woopa, thanks for the explanation. And wow, private businesses do have a great deal on this situation, because they basically have protection that public institutions do not have.

    Ok, regulation is not an audit,but I think both should apply to public and private, it would save a lot of trouble to businesses themselves and would yield better consumer protection. There would not be as much profit and noise for the media or lawyers, but things would be clearer and progress in the right direction. I think.

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    1. Woopa

      A public institution, if it is funded by taxation, belongs to the taxpayers and they have every right to know the activities and intents that their money is supporting. The individuals who work in the pulic institution retain their individual rights, as far as their private activities are concerned, but their right to freedom of choice does not extend to their privileged use of other people's money.

      A private business is owned by individuals or a group of individuals. They have the right to conduct their business however they wish to without approval or support from those who do not own the business. The income of a private business comes from willing customers who spend their money there. The customers have a choice to refuse to support the private business by taking their money elsewhere.

      "Consumer protection" could be taken to mean a variety of things.

      If it means protecting the consumer from a business who lies about the nature or specs. of their product then we already have the relevant laws we need. Lying about the nature of a product or service is fraud and is unlawful because it is a breach of contract. Just as a buyer would be arrested if he tried to pay for a purchase with fake money disguised as real money, a seller should be arrested if he disguises the true nature of his product.

      If it means protecting the consumer from a product that, unbeknownst to him, contains toxins which could enter his body or his environment (this is only if he encounters the danger while using the product as it was intended to be used: if a man buys a bottle of engine oil and drinks it or buys a bag of corn chips and eats the bag along with the chips it is not possibly the responsibility of the seller) then the issue is a little more complex. People have been making use of dangerous substances like mercury for a long time. Mercury is in common (and very shatterable!) items like lightbulbs and thermometers. In the last century, the variety of potentially toxic substances in products has increased exponentially. Since it is the task of scientific observation to determine what chemicals are toxic and which are not -- the necessary research must be done by capable scientists and anyone who desires to protect themselves must educate themselves and access the scientists research or do their own research. Some people think that the federal government should hire the scientists and fund their research. I do not. There is no reason why people who educate themselves in their own decisions should be forced to pay taxes so that others who don't bother to educate themselves can feel safe. A person is responsable for what they purchase, what they feed their children, what they build their home with etc. Likewise, some people will chose to work with dangerous substances even when they know the risks, and no one should prevent them.

      To sum up in an example, the federal government should not force products sold as food to be labled, but if the company chooses to label them then they may not make any false statments in the information being given.

      The state and local governments have a different capacity of authority in regard to health and safty issues.

      The text above refers to individual's responsibility to chose what influences themselves and applys ONLY to actions an individual takes that effect himself alone. An action that an individual takes that harms another is a different matter.

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      1. Fem

        Thanks for the lesson.

        It is a difficult time for most people, but I do think and tend to believe that human nature is not intrinsically bad. But many things are happenining and fast, which applies to both good and bad.

        That is why the concern with some kind of effective order (regulation may be an irritating word because of the extreme imposition in privacy), after all we do live in the same planet and bad things will eventually affect us all. As we see now with the most basic needs for life and survival.

        Yes, I agree with personal responsability, but today it does not look like enough, and it is not an issue of knowledge as it's accesible for many thanks to technology developed by those who are not even appreciated by it, and who probably ended up with no money. And not all technology is consumed by 'ingestion', but it can be abused.

        So that accountability becomes a value in this tecno world. I think.

        Thanks.

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  5. Fem

    Jack and Brian, thanks for your effort to educate the ignorants on the economy issue, like me.

    On a simple view, it looks like debt and interest rate would go hand in hand, and with an expanding population it would eventually affect wealth, which would set limits to either redistribute it or to the products that can be made and to sectors of the economy that can be active to benefit a society. So I see the health of the economy as the actual distribution of the wealth, but frankly don't know what that wealth will include. Though the currency value should certainly be an indicator of it.

    I would see high interest rates as a limitation on the activities/businesses that move the economy, so that only wealthy people can take the lead, and keep it.

    One important part of the situation now seems to be the corruption, which can take hold in any of the economic systems. So I don't like the idea of non regulation of private businesses, cause it looks like favoring cover ups of any kind. It should be the same for public or private sector.

    That's why audits are key, and that's why less complexity would be most helpful for everyone: technical jargon, long pages for one law, and excessive options for one issue are prone to brew corruption and will set loopholes for the influence groups.

    Thanks for reading this.

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    1. Woopa

      "One important part of the situation now seems to be the corruption, which can take hold in any of the economic systems. So I don’t like the idea of non regulation of private businesses, cause it looks like favoring cover ups of any kind... That’s why audits are key"

      An audit of a private business is equivalent to a search of private property. A search warrent is only issued when law enforcment has probable cause that a crime has been committed and that a search of specified property/documents will reveal further evidence of the crime. Likewise, an audit of a private business should only be acceptable when there is probable cause that a crime has been committed AND that the guilty are running the business or colaborating with those who run the business.

      If we allowed the police to search everybodys property without probable cause i'm sure they would unearth a few crimes that would not have been discovered otherwise but this is unacceptable.

      An audit is not a regulation, and the two are not to be confused. An audit is a search, and a proper audit justified by evidence. A regulation is an "invented crime" -- one that can pop out of the bowels of the Congress at any time and presto magnifico turn a innocent man into a guily one.

      Corruption is indeed a problem and our law enfourcment does it's job everywhere except in the places that it matters most.

      We do not need any new laws to regulate business activities: fraud and counterfitting are already illegal -- these old laws merely need to be enforced.

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  6. Thomas Paine Fan

    Crisis #14 "Thomas Paine Writes Again"

    Dear Ron Paul Supporters,

    Your libertarian philosophy and opposition to central banking is spot on but the question remains: Why is there so much opposition to liberty? This book provides many answers to these questions. Hint: who were the tyrants in the American Revolution? Who was behind the Burr conspiracy? Who impressed american seamen? Who burned down Washington DC in the War of 1812? Who had the first central bank? Who bribed southern politicians to divide the country and cause the civil war all the while waiting on the Canadian Border to invade America?

    As a suggestion, regarding the views of Abraham Lincoln that a lot of sincere patriots have, I especially recommend you to buy this ebook and especially read Chapter 22 about Lincoln. I guarantee it will give you a new perspective(has absolutely nothing to do with the leftist mainstream perspective of Lincoln) and will probably be very exciting for you! It certainly was exciting for me to read it!

    http://www.flyingbuffaloes7.net/book.html

    Preface

    In 1776, Thomas Paine began writing a series of 13 articles, each of which he entitled The Crisis,
    spurring on the American colonists in their bid to overthrow the British tyrants who had severely
    and unjustly oppressed them. In The Crisis #13, dated April 19, 1783, Paine wished the country
    well, and congratulated Americans on their valiant battle for independence that had secured their
    freedom.

    But, world events being what they are, and vanquished foes being unable to rest, corruption of that
    hardfought liberty set in, in increments or in big chunks, sometimes through intrigues, and other
    times through bloody confrontations. America lost its innocence, and its purpose – to be the
    hallmark of liberty for all the world to see – and has fallen on very difficult times, emotionally,
    financially, militarily, politically, socially, spiritually and in all other senses.

    This book is entitled Crisis #14, because if Thomas Paine were alive today, he would not only
    lament for the United States, but, would also use his pen to do all that he could to right the course
    from which America has strayed – the course of liberty! That is, what if the treaty signed with the
    British in 1783 was not an acknowledgement of defeat by George III at all, but only a temporary
    truce, and the battle for American independence from Great Britain continues today, in the 21st
    century! If Paine were alive today, he would be incensed that America has fallen for and succumbed
    to British coercion, deception, abuse and manipulation to enter into alliances with them. Paine has
    warned again and again that the British are as vile an enemy as ever recorded in history. He would
    scream, “Come out of her!”

    Throughout Crisis #14, Paine's words will be extensively quoted in italics to emphasize how
    strongly he felt about freedom. When the reader encounters quotations in italics that are not cited,
    they will be the words of Thomas Paine.

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  7. Bottomline

    Congratulations Dr. Paul on being re-elected to congress! I hope that you will go on with Ending the Fed.

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    1. Jack

      And what do you think ending the fed will accomplish?? It´s the interest, stupid

      Any purported economy subject to interest will terminate itself under insoluble debt. As interest multiplies debt in proportion to a circulation, ever more of every existing dollar is dedicated to servicing multiplying debt, and ever less of every existing dollar can be dedicated to sustaining the commerce which is obligated to service the multiplying debt. Everything around you can be understood from the obvious consequences.

      Real leadership means to correctly define the actual problem — and then — to correctly prescribe the actual solution.

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      1. Woopa

        ok, what does an "economy subject to intrest" precisly mean?

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        1. Brian Handey

          Don't pay attention to Jack. Leave him to his own mistakes. He has no clue what interest is or what it represents. Interest does not create more debt in itself. It can lead to that through excessive borrowing and loan defaults. When you deposit money in a bank, they bundle those deposits together (in theory, when there's no central bank to create credit out of thin air) and they sell them as loans for houses, cars, equity, etc. So your savings becomes a product, and the person borrowing the money pays for that product with interest. So they have to go out and work a little extra to pay that interest on top of the principle they borrowed. Therefore, they produce something of value in return, so the interest represents a produced good if the person has worked extra and paid it back. The bank, in turn, uses the interest it collects to pay its depositors and to boost a profit for the bank with which to pay its employees.

          Jack doesn't get this. I'm not knocking you, Jack, but you shouldn't call people stupid until you actually understand what interest is and why it exists. Nothing in life is free. That's why, right now, interest rates SHOULD be high, like they were when Reagan took office, because there is not a lot of real savings right now. Therefore, according to the model of supply and demand, since there isn't a lot of real savings, there isn't a lot to lend (if it wasn't for the Fed creating credit and artifically lowering interest rates). Since there isn't a lot of real savings, it's in high demand which would mean that interest rates should rise. Of course they aren't right now and the Fed is creating more debt and debasing the currency, which leads to inflation.

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        2. Jack

          Brian, can you explain why higher interest rates wil solve our mathematical problem if interest irreversable multiplies debt to a point where the vital circulation can longer service that debt.
          Fractional reserve banking is only the leverage. Your example is also terminal by default because of the interest you so ignorantly defend.

          DISPROVE THE MATH:
          Assume that we are on an island with 1,000 people, and we have no debt or money – we are starting off with a clean slate and we will mimic our debt/INTEREST based money system in establishing a monetary system.

          More specifically, all money is debt with interest applied. Since only the principal is created through IOUs and collateral, there will always be more debt than money. We can calculate the percentage of loan failures that must result unless new money is added to the system.

          We can calculate the success/failure percentages: (Note: P = Principal and I = Interest collected through the life of the loan)

          * The percentage of successful loans = P/(P+I)
          * The percentage of failed loans = I/(P+I)

          So, if $100 million were borrowed (P = $100 million) and $10 million in interest was charged (I = $10 million), then we may calculate that 91% can be paid back and 9% will fail.

          The alternative is to borrow more money AT INTEREST to reduce/eliminate the defaults. But, this will set up a perpetual loop, the gap between money and debt will increase as we borrow more AT INTEREST.

          I can also use Laplace transformations and algorithms to model more dynamically but that would require more variables.

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        3. Brian Handey

          Jack,

          Defaults create debt, not interest. Defaults cause the property in question to be liquidated, usually below market value. That is where debt comes from. When you take on debt by borrowing, you are expected to pay off that debt, therefore cancelling it out. You pay it off by going out and working extra to earn extra, therefore you produce something of real value in return.

          Interest is supposed to be adjusted according to supply and demand. When there's a big pool of savings that lenders can give to borrowers, then the interest rate is low because capital is abundant. When capital dries up, then interest rates rise because the capital is in high demand and commands a higher premium. This discourages consumers from borrowing more than they can afford and minimizes defaults. Besides, it's everyone's responsiblity, when borrowing, to know what payments they can afford and what they can't.

          Capital is a product, and the interest is the money the borrower pays the lender in order to borrow that capital. That's why interest exists.

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      2. Woopa

        ok never mind: I hadn't read your earlier post when I posted that 1st reply.

        Your earlier post makes a lot of sense and I will check out that book soon.

        It seems to me that a profit-motivated loan is still quite possible. Assuming a fixed money supply for a moment, in a market economy with an expanding population and expanding quantities of goods and services a man could loan another a sum of money and elect that he be paid back that exact sum (no intrest: at least not numerically) at a later date. At that later date, when he recieved that sum of money back he would come out ahead because the sum of money is worth more due to the increase supply of goods and services.

        Assuming that the money supply is increasing at a steady rate (like the supply of gold is through continuous mining), the lender could charge an amount of intrest proportionally, taking into account the total length of time the loan is to be repayed in and whatever type of rate or manner the money is to be repayed in. Again, the lender would be payed back the same sum of money he loaned out, adjusted for inflation (he would retain the same percentage of the total money stock that he had origionally) but because of the increased value of the sum due to the increased quantity of goods and services he would come out ahead.

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        1. Jack

          If we are going to understand solution, we do have to understand where the so called “Austrian economists” stand. I will outline a few principles first; then I will come back to the Austrians:

          Yes, a finite (and relatively fixed) circulation is adverse to solution of the problems, because to sustain industry and markets (“commerce”), a circulation must come into existence and retire accordingly; and so the real issues here are simply the life cycle and integrity of every unit of currency.

          Gold or any other such relatively static/finite resource cannot serve such purposes. Suppose for instance that we determine even by seemingly logical processes that the value of the dollar ought to be so many fractions of an ounce of gold; and we issue this paper only as gold comes into the hands of the Treasury, by such exchange?

          Well, our first issue, if this is to be our principle of monetization, is that we have eliminated the far greater advantages of assuming debts qualified by legitimate credit-worthiness. All of a sudden, our couple has to save all their lives, hopefully to buy their $100,000 home by the ends of their lives, and all the while subject to predation by a lord class which may prevent them from ever saving so much.

          Furthermore, instead of using the gold for whatever we may benefit by, we instead keep so much of it in storehouses, that this might artificially drive up the price of gold for legitimate use — thus artificially inflating the cost of everything to which gold is a necessary or beneficial component.

          These are hardly principles of justice; but worse, as industry grows beyond the circulation to which previous industry may have been considered proportional, thus the value of the currency falls. This has no effect of making things cheaper (as the Austrians regularly assert), for it drives down the rewards of labor or production as well.

          So there no maintenance, nor even any means of maintenance of a circulation which preserves the value of money — or even the relative value of gold; for one volume of circulation ostensibly competes for a varying quantity of industry in proportion to gold — which thus defines perpetual corruption of value by the very principle the Austrians (merely) claim maintains consistent value. The principle, if applied, cannot do so, for in fact the proportions are constantly vacillating.

          Worse still, the same circulation can hardly sustain greater industry; and, as prices may be forced down, this only erodes margins of solubility. Typically, such industry crashes, instead of making its production cheaper, because its commitments are such that it has little if any leeway to reduce prices but at terminal consequences to itself.

          Even worse then, history has always resulted from these failings, in tolerance of further issues of artificial credit (a fractional reserve system exists then as a regular/inevitable consequence of the shortcomings of the gold standard). We don’t actually borrow money from the pretended banking system; we are actually only borrowing our own promissory notes into existence — which of course we would be better advised to issue ourselves. Not only does this obfuscation perpetually multiply artificial indebtedness as I have described then; it makes the purported central banking system the inevitable owner of all our production/wealth, and thus even of our gold.

          The Austrians tell you tell you tell you, that they want a return to Constitutional money; and to sound money. No bigger lie can be told!

          Why not?

          Check out their forums. Gold bugs everywhere; and what they want is NOT for gold to return to its Constitutionally defined value! They want to make out like the Federal Reserve!

          Worse then is the lie that they want to “end the Fed.”

          Why?

          As I have described, the fatal fault of the imposed monetary system is interest; and all further faults merely result from further failure to solve inflation and deflation. The Austrians, and Mr. Paul in particular, not only advocate interest; they advocate ELEVATED RATES OF INTEREST.

          Effectively, what they want is to remove the embossed letters which now say “Federal Reserve Bank,” and replace them with “Ron Paul’s ‘COMPETING’ Bank(s)” — a principle which he refuses to debate, further define, or justify. Of course, any ostensible “competition” would ostensibly, on the contrary, drive interest rates down. But Mr. Paul tells us that we wouldn’t have borrowed ourselves into this debt mess if higher rates of interest had discouraged excessive/reckless borrowing.

          Mr. Paul has never done the math: he tells you that all of you are going to benefit somehow therefore — oh and we so willingly believe this preposterous notion, don’t we? — he tells us we will benefit paying perhaps 17% interest on our homes than 5%. Sounds really like a good idea, doesn’t it? Especially since the rate of interest is the rate of multiplication of artificial indebtedness — higher rates of which instead necessitate greater rates of borrowing to maintain a vital circulation.

          Unfortunately, most people who exalt Austrian “economics” hardly know the first thing about it. They reject math — most of which is little more than counting — as if you could understand otherwise; and they could have possibly determined solution otherwise. In no legitimate discipline or walk of life does such reckless abandonment of principle hold.

          But Mr. Hayek, God of the Austrians tells us why they advocate interest and the current banking model — which are our very problem. See Hayek’s article at Mises org: “A Free Market Monetary System,” I think it’s called. Anyway, he thus justifies interest, that it makes banking “an extremely profitable business.”

          That’s right. There IS no justification, just an outright confession of the motive.

          Mathematically perfected economy is no more than a singular prescription, dissolving unjust intervention.

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        2. Jack

          The cause of the current crisis is the irreversible multiplication of debt by INTEREST!

          When someone in the year 1 AD had brought a 1/10 ounce gold coin to the bank, and when that currency had remained there until the year 2000 AD at an annual rate of 4% then the amount of gold on that account would have become 3.6 * 10 ^ 31 kilograms of gold. That's 1.9 * 10 ^ 27 cubic meters of gold equivalent to 317 times the weight of the earth.

          This simple example shows that interest on money is not sustainable and that therefore any monetary model where interest is used is terminal and always will be.

          The cause of the current crisis is the irreversible multiplication of debt by INTEREST!

          http://endtheecb.ning.com
          http://www.perfecteconomy.com

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        3. Jack

          The cause of the current crisis is the irreversible multiplication of debt by INTEREST!

          When someone in the year 1 AD had brought a 1/10 ounce gold coin to the bank, and when that currency had remained there until the year 2000 AD at an annual rate of 4% then the amount of gold on that account would have become 3.6 * 10 ^ 31 kilograms of gold. That’s 1.9 * 10 ^ 27 cubic meters of gold equivalent to 317 times the weight of the earth.

          This simple example shows that interest on money is not sustainable and that therefore any monetary model where interest is used is terminal and always will be.

          The cause of the current crisis is the irreversible multiplication of debt by INTEREST!

          Mathematically Perfected Economy is no more than OUR medium of exchange issued FREE of interest.

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      3. Jack

        And that´s why any economy subject to interest will eventually terminate itself under insoluble debt.

        Disprove the math to us Brian:

        Assume that we are on an island with 1,000 people, and we have no debt or money – we are starting off with a clean slate and we will mimic our debt/INTEREST based money system in establishing a monetary system.

        More specifically, all money is debt with interest applied. Since only the principal is created through IOUs and collateral, there will always be more debt than money. We can calculate the percentage of loan failures that must result unless new money is added to the system.

        We can calculate the success/failure percentages: (Note: P = Principal and I = Interest collected through the life of the loan)

        * The percentage of successful loans = P/(P+I)
        * The percentage of failed loans = I/(P+I)

        So, if $100 million were borrowed (P = $100 million) and $10 million in interest was charged (I = $10 million), then we may calculate that 91% can be paid back and 9% will fail.

        The alternative is to borrow more money AT INTEREST to reduce/eliminate the defaults. But, this will set up a perpetual loop, the gap between money and debt will increase as we borrow more AT INTEREST.

        I can also use Laplace transformations and algorithms to model more dynamically but that would require more variables.

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        1. Brian Handey

          How many times do I need to disprove your math? Interest is not the cause of our crisis; it's artificial credit creation and the manipulation of interest rates. It's not interest itself.

          Besides, like I said, the economy is driven by need, emotions, and random events. Math has nothing to do with it because the economy is run by humans, not computers, and humans make decisions based on needs and emotional circumstance. Why do men buy roses? Not because men like roses...they buy them because women like roses...and the rose is the bait. That's one example of an emotionally-driven mode of discretionary spending. I just disproved your math.

          THE END.

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        2. Jack

          Artificial credit creation is only the leverage they are using. You have proven absolutely nothing because you simply have no idea what MPE stands for.

          In it´s most basic form MPE is a currency brought into circulation not subject to interest and backed by our credit worthiness and our labour and production. If private loans are issued (for which i think very few will be needed other then for a home and transportation), then loans are retired in a timely manner as per consumtion/depreciation of the underlying product/property and the money is destroyed/deleted from the system.

          No inflation, or deflation. And most of all: no terminal failure!!!

          The minute you introduce interest to corrupt our currency terminal failure is inevitable. Gold and or silver, or whatever you want the currency backed by, won´t save you from failure either.

          So, as you can see: It´s the interest, stupid

          I don´t see what that has to do with roses??

          Please enlighten us

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        3. Brian Handey

          If a lender doesn't get paid interest for putting their capital at risk with a borrower, then what is the incentive to lend?

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        4. Jack

          Why would a borrower turn to a lender to lend money at interest when he can get that same money free of interest?

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        5. Jack

          Maybe this video can help you in understanding the true nature of the beast....INTEREST.

          http://video.google.com/videoplay?docid=-4020719354420953428#

          (Please note that he is not offering a specific solution. There is only one solution and that is the issuance of our currency/medium of exchange free of interest and backed by our creditworthiness, labour/production, and property.)

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        6. Jack

          Also very helpfull

          http://www.youtube.com/watch?v=F-QA2rkpBSY&feature=related

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        7. Brian Handey

          Jack,

          I will check the videos out when I can. My computer doesn't allow youtube at the moment, but I will look at them because I am curious.

          I think we both want the same fundamental thing - and that is a principled monetary system where power is NOT concentrated with a handful of individuals or a small group of people who benefit from policies that are designed to privatize profits and socialize losses at society's expense. I think we just disagree on how to best get there.

          But I will check it out because I also believe it's ignorant not to entertain other people's ideas and opinions.

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        8. Jack

          Appreciated Brian. Please understand that my ego is not in the way like with so many other people. I also disconnected from the ¨what´s good for me, what´s in it for me¨ non mentality. Prior to my understanding of MPE i studied AE, KE, and a bunch of other stuff. Until i ran into Mike´s thesis about true economy...at first i didn´t really get it and my first initial reply was.....whoooo....but that will cause hyperinflation etc...., until i came to the point where i understood where this guy was heading and i couldn´t dissaprove any of it because at the end of the day it ALL comes back to what we will establish as our medium of exchange and agree in a democratic fashion on the conditions to keep our currency free from interest and intrinsic manipulation/corruption.
          We can only establish a medium of exchange NOT subject to interest or otherwise we will fail (again).

          Or in Benjamin Franklin´s words: Join, or DIE

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  8. Ken

    Dr. Paul,
    You need to declare immediately your interest in being the next Speaker of the House. Nuff said.

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    1. Jack

      Wrong formulated.

      Dr. Paul,
      You need to immediately eradicate INTEREST on money being issued.
      (take back the issuance of our currency free of interest)

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  9. Ulisses

    Congratulations from Brazil. It would be fantastic to have at least one congressman like Ron Paul down here.

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  10. Michael Clayton

    Ron Congratulations on you win and keep your message rolling along. I think you should nominate for the Presidential post now as it will get you more press and support. I wish we had someone more like you in Australia.

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  11. Code-Man

    Sorry, 5 min after my post I watched RP shun the decision on Fox Business. Also, and I hate to say it, Glenn Beck had a wonderful expose on THE FED as well. Even though the turncoat has repeatedly called RP "Crazy??," I must applaud him for ousting non-constitutional spending into the mainstream when no-one else will. Still, he has a large audience and maybe, just maybe, they will pay attention to a crisis, instead of a victory.

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    1. Reveilleusa

      I'm pretty sure we're going to see alot of anti-Fed press throughout 2011. My guess is that they're ready to pack up and leave, they'll use the press to manufacture consent to make it happen.

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  12. Lawrence from California

    Dr. Paul
    We are in serious trouble and you remain silent. People are waking up! Your message and announcement to run for president on a Constitutional foundation are needed. I am in California where illeagal aliens can vote! How can I help you save this Republic? I am in Los Angeles and at your service!

    Lawrence

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  13. Code-Man

    Hear you loud and clear Lindsey. Dr. Paul the American people are being ripped off again as of today. Why nothing yet? The US people and the Tea Party should be raising hell right now instead of celebrating. Not to negate your sons elections, congrats to him and you.

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  14. Lindsey

    Bernanke is committing monetary policy suicide and we are all standing around as if nothing is happening. Why haven't I seen anything on this website about this? Soon our dollar will be worth nothing!

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  15. Jack

    Austrian & Keynesian Theories Vs. Mathematical Facts

    George Orwell’s classic 1984 describes “doublethink” as holding two contradictory beliefs simultaneously and accepting both. To do so denies the existence of objective reality. A good example is the belief in economic theories that contradict mathematical facts.

    Both Austrian and Keynesian economic theories hold fundamental beliefs that do not square up with math. The exponential growth of debt in our debt based money system is ignored and refuted by both theories. In place of math, we are offered beliefs such as the “quantity theory of money.”

    To deny the exponential growth of debt cuts to the very core and credibility of monetary theories. If the exponential growth can be proven, then equally, Austrian and Keynesian theories are dis-proven. Economic theories hide the fact that a debt based money system is usury by definition and neither Austrian nor Keynesian theories are sustainable. Both systems create bankruptcies and defaults while enriching banks at the expense of the people.

    The inherent and terminal mathematical flaw of debt based systems can be proven anecdotally. Our total money supply (M3) is around $15 trillion while our national and private debt total around $55 trillion. How do we pay an existing $55 trillion in debt with a total of $15 trillion? We are short $40 trillion, where will that money come from?

    In our debt based monetary system there is only one way to add money and that is through new debt. Eventually, the $40 trillion must be borrowed. If the money is borrowed, it will add new debt of over $40 trillion (principal + interest). The debt can only grow, it can never be repaid as the gap between money and debt will continue to increase.

    The two economic theories will try to explain away this reality by claiming that the velocity of money can be increased so that a given amount of money can be used for more transactions. This is true when we spend money but it is not true when we repay debt. When debt is repaid it is extinguished, that is that the money ceases to exist which means that money can only be used to repay principal debt once. Most of the interest debt returns to circulation but never the less, the gap between money and debt will still increase since only the principal is created through new debt which brings new interest.

    The specie of money doesn’t matter. If our money were backed by gold, the gold would simply be transferred to those who collect the interest. We saw this in 1933 when the gold standard collapsed and we lost most of our gold.

    The two prevailing economic theories give us a false sense of choice just like the two party system of Democrats and Republicans. The science of money has been replaced by a belief system just like in the dark ages when science was dominated and defined by religious beliefs. If the next renaissance is to happen, it will come when the science of money displaces unfounded beliefs.

    We are suffering from an intellectual amnesia. The Babylonians of antiquity understood the destructive power of debt interest and at one time Christianity and Judaism forbid it as sinful usury. The Islamic faith still forbids debt interest and perhaps that is a reason that we are clashing.

    Our interest based monetary system is a form of usury that will result in the transfer of all wealth from the many to the few. The intended outcome is debt slavery and tyranny under the cruel boots of oligarchs – a financial aristocracy.

    People are becoming discontent and they sense that something is terribly awry. To rebel against the status quo invariably leads to another tyranny as we have seen through democratic elections and third world rebellions.

    If a successful peoples revolution is to happen it will really be an awakening. A higher consciousness where we come to understand how and why the game has been rigged by flawed monetary theories.

    Note: For real solutions stop by Mathematically Perfected Economy, Mike Montagne- discover the difference between irreversable multiplication of debt by interest and interest free money – take the red pill.

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    1. Wow

      I am shocked that four people thumbed this down. This is truth, and not terribly difficult to understand.

      I had been hoping to hear Ron or some libertarians mention this at some point but I haven't, grant it I haven't looked everywhere yet. Usury is poison, and I don't think that we can run a civil society around it.

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      1. David

        Hi Wow;

        There's two people on here desperately trying to defend the interests of banking in America who are repeatedly thumbing down any anti banking post that anyone makes.

        The rest have figured out that they need to go along with absolutely everyone in the population who is not involved in banking, which is pretty much all of them and were going to make it happen too. This also includes Ron Paul who's economic views i think i can promise are not what he pretends them to be at this point.

        Come help is do it, this is the first stage in the effort, and may even be the last one necessary with enough participation from the people this would benefit, which again is pretty much all of them:

        http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve/comment-page-68/#comment-139472

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  16. CAROLINE DAVINA BEST

    CONGRATULATIONS TO THE PAUL FAMILY ON BOTH WINS...FROM CANADA (I WISH WE COULD CLONE YOU BOTH AND HAVE YOU IN OUR POLITICAL SYSTEM). THANK YOU FOR YOUR INTEGRITY AND DILIGENT WORK - YOU ARE TRULY A SHINING LIGHT AND AN EXAMPLE THAT NOT ALL POLITICIANS ARE WORKING FOR THEMSELVES - THERE IS STILL INTEGRITY IN POLITICS AND YOU ARE BOTH EXAMPLES OF SUCH.

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  17. guest from Poland

    Congratulations for both Pauls from Poland

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  18. Dean

    I'm from New York and wish we had someone like Ron Paul representing our district. We got stuck with Tim Bishop again, who represents the Federal Reserve Bank, Wall Street, The Military-Industrial Complex and Big Pharma. He certainly doesn't represent us!! Never has, never will.

    I'm very happy that Rand Paul got elected. Despite being from NY, I made contributions to his campaign. We need more decent men in Washington, before it's too late.

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    1. Tony

      Dean Im from Long Island too I feel your pain. We need a Ron Paul Republican so bad here!

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  19. Speaker of the House

    Why Can't RON PAUL be the Next Speaker of the House???

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  20. Matt

    Congrats to you and Rand both! This signals an awakening in the Country and this is just the start of real change - change back toward the founding principals of individual freedoms and equal rights. Health care is a big issue but the economy is on everyone's mind. Please make a big push at the Federal Reserve with the crest of this wave of opinion. There is no other way to 'fix' the economy, the federal reserve system must be eliminated so we can actually fix the rest of the problems! Thank you Mr Paul for keeping that issue in the fore-front!

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  21. jo hamlin

    Extortion American Style-The Hijacking of your Money by/to the Ultra Rich
    Otherwise known as the Brothers Bones-men-
    By JJHonestly

    This is how it works.

    The Stock Market/CEO and Hedge-Funders
    Corporations allow private persons to invest in their companies-.
    There are investments that only the rich can access due to government regulations, size of the investment required or those that by their nature may not be suitable for all investors.

    Most true hedge funds are limited to only wealthy investors.

    SEC regulations set the bar for an “accredited investor” at a $! million net worth. There are also other categories established by the SEC at 1.5 million or more net worth.

    The ultra rich are allowed to purchase certain stocks (invest in certain companies/invest in hedge funds) and the working person is allowed to purchase certain stocks.

    Working folks are allowed to and encouraged to invest in companies that are volatile. That is, companies that don’t have guaranteed opportunities to grow their profits. Retail chains, etc.

    The ultra rich are afforded the right to invest in Hedge Funds, or stocks made available exclusively to members of secret societies like Skull and Bones, and politicians. Those who have $1-1.5 million cash assists or stocks and above. The secret is…keep these stocks in the hands of those who rule-to maintain their power. Put those investors in positions of power and you consolidate the power even more.
    Hedge-Funds are high yield/low risk. They are stocks in companies that have government contracts: Oil companies, weapons companies, energy companies, any company that produces product for the military industrial complex. They are stocks in companies that the working people are forced to do business with: Insurance Companies (we are required to have car and home insurance in order to get financing), private hospitals, pharmaceutical companies.
    With the economy finally at risk of impacting even the hedge-funders, it is not surprising that Washington is considering forcing people to buy health insurance! And if they truly can’t afford it, the government will buy it for them…with your tax dollars!!! And we all know that the government will pay more to insure people with private Insurance Companies than they currently pay for those same people to be on Medicaid.
    So you see, it may sound great but what is the ulterior motive? Filling the pockets of the Hedge-funders!

    The politicians
    Any are invested in hedge funds (so they support public policy that promotes profits in those industries)….
    and their campaign financers are CEO’s and stock holders in those same hedge fund /companies (so they are coerced/bought/blackmailed into voting in policies that benefit them).
    Special Interest Lobbyists lobby their buddies to impose policies that support the extortion ring.

    Then…as if all this were not enough stealing of money….
    our tax dollars are collected, again mostly from the working class. The rich don’t pay taxes-their money is protected by government policies/loop holes and access to tax free shelters.
    And guess where our tax dollars go? To the companies with the government contracts. Into the pockets of the rich.
    And if we don’t want our tax dollars to go to a certain industry…such as the military industrial complex…well then, those politicians, or CEO’s or both, just might create…or allow a situation that would get us all on board to spend our tax dollars in a certain industry…such as 911 and creating a war….’cause when it comes to the bottom line…we working class folks are paying for the war with our hard earned money and our loving children who serve, while the ultra rich are making a ton of money off of it. And while we are all getting sick because of our poisoned environment (poisoned by the chemical companies owned by the rich), the rich are getting richer off of our need for medicine/pharmaceuticals. (That’s why the Gates’ don’t give to Cancer Research-they actually seem to have a conscience). And the wheels, they go round and round and the painted pony goes up and down.

    And the hedge-fund holders also set up companies for the sole purpose of exploiting the working class. Those retail chains that can filter profits to hedge funded companies before they report losses therefore embezzling money from their investors.

    What makes it extortion?
    The fact that the government uses “terrorist” attacks (not so sure they aren’t setting these up with their rich buddies abroad) to scare us into military action/spending-the hedge under profiteers make money at the expense of our children, our tax dollars and the destruction of ancient cultures and their people. The Bin Laden family is making as much money off of our wars as our elite citizens.
    The threat of criminal prosecution-although there are no laws requiring us to pay income tax to the US Government, somehow we are subject to prosecution for not paying them.
    The threat of banks calling our loans if we do not have auto or home owners insurance.
    The threat of death if we don’t take our prescription medications and medical procedures.
    Hedge-Funds being fed by companies that provide for our basic needs such as energy.

    Want Change?
    Demand that our public servants be free of private interests and investments in order to run for office.
    Get the extortionists out of government and prohibit the lobbying of special interests groups associated with private industries.
    Do background checks of people running for office. If they are members of secret societies-don’t vote for them. This type of extortion is the brainchild of Skull & Bones. I learned this when I was married to one of their children who was arrogant enough to brag about it.
    Stop thinking that ultra rich politicians really care about the common person. They didn’t associate with you when you were a kid…kept away from you by elite private schools. What makes you think they would associate or care about you as an adult? They have been taught all their lives that they are the “special” ones and the rest of us are put here on earth to be exploited by them. Again something that was poignantly expressed by the family that I had the accidental “good fortune” to be associated with for five years. Good in that I learned some poignant truths.
    This is where I learned that people still use the words: “lower class, commoners, pedestrian, even the words “the wretched ones” and “the scum of society” to describe people I served with mental health challenges…from a doctor!! A doctor who treats our indigenous peoples!!!
    Probably want to check out the background of your doctors before you put your life in their hands-
    Limit your income so that you don’t support the hedge-funders with your taxes.
    In living simpler lives we will be able to keep our money in our own communities and stop the cheap-goods shopping craze that is ruling our middle class and feeding the pockets of the rich.
    Divest in corporate America and invest in your local community through community action councils and credit unions.
    Pay down your debt and commit to a cash-only lifestyle. In the end, you’ll have a much better quality of life.
    Buy used/recycled goods to decrease the true major waste of oil…on the manufacturing of junk.

    Some of The Brilliant Tools of the Extortion Ring-

    It is extremely difficult to understand and explain the intricacy’s of an extortion ring that has been in operation for at least 150 years. Created out of the opium trade at Yale University and the inception of Skull and Bones Secret Society, this extortion ring has not only been implemented over several years but it has been taught to and grown by generation after generation of bones-men. Why has Skull and Bones been able to remain a secret society in these times of complete “openness” for everyone else? Because Bones has been extremely successful in keeping their membership a secret and catapulting it’s young members from Yale Graduates to positions of power in Government and Industry. Keeping the affiliation somewhat secret, politicians have managed to gain the trust of the public and gain their votes.

    Bones-men are required to study human nature, understand human dynamics, manipulation, debate, patterns of societies, cycles of governments……all the things that make them expert manipulators of individuals, communities, states and nations.

    IRS
    US Govt. and others
    Trade Agreements
    Privatization- (creating the illusion of saving tax payers money while really just cutting out the middle man in the extortion of our tax dollars-which will go directly to purchase goods provided by private profiteers at much more cost than if the government provided the service. Case in point: The US Govt. regularly pays ridiculous prices for items used by the military-tools and items provided by private companies. This goes on regularly and is only occasionally caught and leaked to the press. But we all remember the scandals of $100 screwdrivers and such. If the government made their own tools-eliminating profit, the military would be able to afford top of the line equipment/tools and safety gear. But instead, we pay Lockead martin thousands of dollars for weapons that should cost $100. The profiteer CEO and Stock holders (Hedge-funders), get rich while out soldiers die because of inadequate hardware.
    Demonizing conspiracy theories-that is the biggest conspiracy of all. Question your government and get labeled as a conspiracy theorist. It used to be patriotic to hold you govt. accountable.
    EST/The Forum-Training of young college graduates to work for the high tech industry using tactics taught in the secret societies that foster success. This creates a very particular work force to foster profits for the ultra rich CEO’s and Stock Holders. This also creates a young upper middle class, the highest taxed group in the country, so it feeds the extortion through the tax system as well as building huge profits for the rich.

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    1. Antwan Martin

      jo hamlin,

      Thank you for posting that info about Hedge Fund abuse. I saved it and will study it.

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  22. Roman Kozak

    Ron, Western PA salutes you! You have much love in your former city, Pittsburgh. Your son Rand is fantastic.

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  23. Oscar

    Ron Paul, Speaker of the House!

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  24. jim

    A Paul in one house, a Paul in the other. I'm sure you're a proud dad today Dr. Paul. Congratulations and God Bless!!!

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