Musings on Sports, Politics and Life in general

Conspiracy theorist Ron Paul is unfit to be President – NY Daily News


I couldn’t have said it better myself.

“After 13 debates and most of a year of campaigning, the selection of a Republican nominee begins Tuesday night in Iowa.

“There’s one candidate in the field of seven whom Republicans cannot trust with their votes: Texas Rep. Ron Paul.

“Behind the grandfatherly, unpolished demeanor is a radical with economic and foreign policy views so dangerous they make him utterly unfit to be the party’s nominee, much less commander-in-chief.

“The congressman doesn’t simply want to reform the Federal Reserve bank, one of the pillars of a stable international monetary system. Paul wants to “end the Fed.”

“He doesn’t simply want to shift foreign aid, which, at about 1% of the U.S. budget, is generally a wise investment in saving lives and advancing American values. He wants to eliminate it.

“He views Social Security and Medicare as outright unconstitutional.

“Paul opposes sanctions to stop the Iranian mullahs from acquiring a nuclear weapon. He wants to withdraw all U.S. armed forces from Afghanistan, even if the Taliban and Al Qaeda take over again. He showed his warped thinking in an Op-Ed penned for these pages in October that ludicrously claimed the American drone strike that killed terror master Anwar al-Awlaki violated the Constitution.

“A former senior aide who worked with Paul for 15 years recalls that after the 9/11 attacks, Paul ‘engaged in conspiracy theories including perhaps the attacks were coordinated with the CIA” and “expressed no sympathies whatsoever for those who died on 9/11.’

“And we haven’t even mentioned the racially inflammatory and anti-Israel newsletters sent under Paul’s name in the 1980s and 1990s that he disavows and claims he never read.

“Late polls show that this man could win Iowa.

“Republican caucusgoers Tuesday night should do the country a service and bury Paul’s campaign in the cornfields.”

via Conspiracy theorist Ron Paul is unfit to be President – NY Daily News.

Ron Paul Speaks at CPAC (courtesy: NY Daily News)

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4 responses

  1. “The congressman doesn’t simply want to reform the Federal Reserve bank, one of the pillars of a stable international monetary system. Paul wants to “end the Fed.”

    yes….so stable in fact that the euro is being signed off to the imf and Japan has agreed to drop the dollar for inclusion in China’s new asian trading bloc

    January 3, 2012 at 12:23 pm

    • And the Fed is related to the Euro…how?The Fed holds two types of securities: US Treasury Bonds and bullion. I’m not a fan of managed economies; they’re a misnomer. However, you also can’t dissolve the Fed without simultaneously exploding the international banking system, as it makes the money supply possible. If you want to start the next Great Depression, be my guest. But at least wait until I get a chance to move elsewhere.

      January 3, 2012 at 12:28 pm

  2. It is related to the euro in the fact that they are both centralized banking scheme’s with control of their region’s money supply through fiat.

    They are both being allowed, or I should say pushed into instability by printing their respective currencies into oblivion. When that happens, the IMF will come in to “rescue” them and us from ourselves.

    And how will they rescue us? By doing more of the very things that put us into this strangle hold in the first place. More centralization.

    January 5, 2012 at 10:39 am

    • I agree with you up to the point of the IMF. The IMF is simply too small to bail out any of the larger economies. It was set up as a fail safe to prevent smaller economies from taking down the global economy during the Argentine financial crisis in the early 1980’s. It’s limitations are coming to the fore with the debt crisis in Europe, where even the combined strengths of the IMF and ECB are incapable of heading off the impending disaster; rather, the various governments are being forced to actually curtail their spending in order to secure the fund necessary to remain in business. The same scenario will play out with US treasuries soon. However, ridding ourselves of the Fed will only exacerbate the problem.

      The real issue with the Fed is the “dual mandate,” which came about from the stagflation of the 1970’s. Rather than focusing solely on the money supply, the Congress insisted the Fed also become responsible for ensuring maximum employment. The idea that keeping the economy overly-flush with available cash will spark economic growth is a patently ridiculous idea that only a politician (or Keynesian) can dream up. It’s led to ever increasing bubbles (all of that cash has to go somewhere) and as each succeeding one has popped, the results have been exponentially growing recessions.

      This is where Dr. Paul gets off on the wrong track. The Federal Reserve system was meant as cash distribution system: effectively allowing banks to obtain cash in a timely manner and then disbursing that cash throughout the economy. Prior to that, banks had to apply for fresh funds from Congress – a system that led to cash squeezes in 1837, 1858, 1875 and 1898 that wrecked the economy. In fact, it was only the intervention of JP Morgan in 1899 that prevented the country from collapsing and led to the creation of the Fed. A cash squeeze is damaging in that without enough cash in the system, the value of money increases too fast. Basically, not enough people have access to keep the economy afloat – interest rates soar, inflation rises and consequently, the value then falls precipitously.

      We don’t need to repeal the Federal Reserve charter. But we do need to end the dual mandate and return the Fed to its original purpose.

      January 5, 2012 at 11:01 am

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