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Ron Paul for President: End the Fed

A few days ago, Ginny Garner sent me a message. Ginny wrote:

“Lew,

We know Biden is not a man of peace. This week Trump did not tell the Nevada Caucus rally audience he opposed sending billions for the war in Ukraine, instead he said European nations should contribute more. And, after a long pause, RFK Jr. when questioned by comedian/podcaster Dave Smith said he didn’t know if he was concerned about Israel’s influence over American foreign policy. So much for RFK Jr. being the antiwar candidate. It looks like anyone wanting to vote for an authentic pro-peace presidential candidate is going to have to write in the name of Ron Paul.”

Dr. Ron Paul is our greatest living American, and he is sound on all issues. None of the other candidates is sound on all issues. You might object, “It would be great if Ron would run—but he won’t! The answer to that is simple. We have to draft him!

I spoke about being sound on all issues, and the most important of these issues is the one Ginny mentioned—being anti-war. Ron has been clear that the neocon gang who control brain-dead Biden have always been trying to get us into war. Here is what he said about them last December:

“Over the weekend Defense Secretary Lloyd Austin explained to the American people what’s really wrong with US foreign policy. Some might find his conclusions surprising.

The US standing in the world is damaged not because we spent 20 years fighting an Afghan government that had nothing to do with the attacks on 9/11. The problem has nothing to do with neocon lies about Iraq’s WMDs that led untold civilian deaths in another failed “democratization” mission. It’s not because over the past nearly two years Washington has taken more than $150 billion from the American people to fight a proxy war with Russia through Ukraine.

It’s not the military-industrial complex or its massive lobbying power that extends throughout Congress, the think tanks, and the media.

Speaking at the Reagan National Defense Forum in California’s Simi Valley, Austin finally explained the real danger to the US global military empire.

It’s us.

According to Secretary Austin, non-interventionists who advocate “an American retreat from responsibility” are the ones destabilizing the world, not endless neocon wars.

Austin said the US must continue to play the role of global military hegemon – policeman of the world – because “the world will only become more dangerous if tyrants and terrorists believe that they can get away with wholesale aggression and mass slaughter.”

How’s that for reason and logic? Austin and the interventionist elites have fact-checked 30 years of foreign policy failures and concluded, “well it would have been far worse if the non-interventionists were in charge.”

This is one of the biggest problems with the neocons. They are incapable of self-reflection. Each time the US government follows their advice into another catastrophe, it’s always someone else’s fault. In this case, as Austin tells us, those at fault for US foreign policy misadventures are the people who say, “don’t do it.”

What would have happened if the people who said “don’t do it” were in charge of President Obama’s decision to prop-up al-Qaeda to overthrow Syria’s secular leader Assad? How about if the “don’t do it” people were in charge when the neocons manufactured a “human rights” justification to destroy Libya? What if the “don’t do it” people were in charge when Obama’s neocons thought it would be a great idea to overthrow Ukraine’s democratically-elected government?

Would tyrants and terrorists have gained power if Washington did NOT get involved? No. Tyrants and terrorists got the upper hand BECAUSE Washington intervened in these crises.

As Austin further explained, part of the problem with the US is democracy itself. “Our competitors don’t have to operate under continuing resolutions,” he complained. What a burden it is for him that the people, through their representatives, are in charge of war spending.

In Congress, “America first” foreign policy sentiment is on the rise among conservatives and that infuriates Austin and his ilk. He wants more billions for wars in Ukraine and Israel and he wants it now!

And our economic problems? That is our fault too. Those who “try to pull up the drawbridge,” Austin said, undermine the security that has led to decades of prosperity. Prosperity? Has he looked at the national debt? Inflation? Destruction of the dollar?

There is a silver lining here. The fact that Austin and the neocons are attacking us non-interventionists means that we are gaining ground. They are worried about us. This is our chance to really raise our voices! See this.

Ron doesn’t think we should spend massive sums of money and ship arms to Israel in order to fight against Hamas. Doing this will make things worse in the Middle East and will intensify our financial problems at home. Here is Ron’s comment:

“Those who called Hamas’s attack on Israel “Israel’s 9/11” were more accurate than they realized. Just as the US reacted to 9/11 by fulfilling Osama bin Laden’s wish that the US would get bogged down in no-win wars, Israel’s reaction to the Hamas attack fulfills Hamas’s likely goal of radicalizing more Palestinians. The result of Hamas’s attack will be to strengthen the most extreme elements on both sides of the conflict.

Given the strong support for Israel among both major political parties it is not surprising that, following the attacks, many politicians rushed to microphones to proclaim their support for US assistance for Israel. President Biden announced the US would send military aid to Israel, while Congress is drafting legislation providing about two billion dollars in “emergency” military assistance to Israel. Even most of the growing number of representatives who oppose military aid to Ukraine will support spending “whatever it takes” to defend Israel. This is why the Biden administration and some in Congress want to combine aid for Israel and Ukraine into one legislative package.

Spending billions more to support military action in the Middle East and Ukraine will benefit the military-industrial complex. However, it will harm most Americans by accelerating the growth of the government’s over 33 trillion dollars debt. As the debt increases, the Federal Reserve will push interest rates lower and monetize the debt. This will lead to increased price inflation, combined with economic stagnation and high unemployment — in other words, stagflation.

Concerns over the government’s debt and the Federal Reserve’s enabling of that debt with easy money and low interest rates will lead to more challenges to the dollar’s world reserve currency status. Increased resentment over US hyper-interventionist foreign policy will also lead to changes to the dollar’s reserve currency status. Saudi Arabia could even stop using dollars for its international oil trade. The end of the petrodollar would be the final nail in the coffin of the dollar’s world reserve currency status.

The end of the dollar’s world reserve currency status would mean the US government could no longer run an empire abroad and an authoritarian welfare state at home. The question is not will the American empire end but when and how. It should end deliberately, with Congress starting the process of restoring limited constitutional government by ending all foreign aid and bringing our troops home.

When Israel was criticized for bombing an Iraqi nuclear plant it feared would be used to produce weapons, I defended Israel’s right as a sovereign state to act in what it saw as its national security interest. I still hold that view. I believe Israel would benefit if the US ends all foreign aid, since much of it goes to Israel’s enemies. Foreign aid also gives the US an excuse to engage in other forms of meddling. Ending US interventionist foreign policy would allow the Israelis and Palestinians to find a way to a just and lasting peace. See here.

Mention of our debt and financial difficulties brings to mind the issue that made Ron famous: End the Fed! He wants to restore sound money and the gold standard and end the Fed’s manipulation of the monetary system that causes inflation and depression:

“President Biden has pledged to “respect the Fed’s independence,” unlike former President Trump, who Biden accused of “demeaning the Fed” by subjecting the central bank to mean Tweets.

It is hard to believe that someone who has been in DC as long as Joe Biden really thinks Donald Trump was the first President to try to influence the Fed’s conduct of monetary policy. Since the Fed’s creation, Presidents have used public and private pressure to “convince” the Fed to tailor monetary policy to advance their policy and political goals. When it comes to “demeaning” the Fed, Trump has nothing on Lyndon Johnson, who, frustrated over the Fed’s refusal to tailor monetary policy to finance the Great Society and Vietnam war, threw the Fed chairman against a wall.

By “passing the buck” on inflation, Biden no doubt hopes to deflect blame from himself and his party before the midterm elections. Unlike Biden’s previous inflation scapegoats — greedy corporations and Vladimir Putin — the Fed actually is responsible for creating and controlling inflation.

Price increases in specific sectors of the economy may be caused by a variety of factors, but economy-wide price increases are always the result of the Federal Reserve’s easy money policies. Inflation is actually the act of money-creation by the central bank. Widespread price increases are a symptom, not a cause, of inflation.

Federal Reserve Chairman Jerome Powell remains committed to more rate increases this year. However, even if the Fed follows through on all its projected rate increases, rates will still be at historic lows. While there are those on the Fed board who want more and bigger rate increases, others worry that going too far too fast in increasing rates will cause a recession. Already many economic experts are saying America should be prepared for increase in unemployment caused by the Fed’s efforts to vanquish inflation. This “tradeoff” between high prices and high unemployment illustrates the insanity for our monetary policy.

Treasury Secretary and former Fed Chair Janet Yellen and Chairman Powell have both admitted they were wrong to publicly dismiss inflation as “transitory.” The fact that the two most recent Fed chairs made such a huge blunder (or purposely refused to admit what was clear to many people for over a year), shows the folly of relying on a secretive central bank to manage monetary policy. Instead of “respecting the Fed’s independence,” President Biden should work with Congress to audit, then end the Fed.” See here.

Another key issue is Covid-tyranny. Ron was skeptical of the so-called ‘pandemic” from the beginning and opposed compulsory masking, lockdowns and deadly “vaccines.” Here is an example of his wisdom on the subject:

“Just four and a half months since President Biden declared an end to the Covid “emergency,” the media is suddenly full of stories about the return of Covid. This time a new “variant” is being rolled out and the media, in collusion with big Pharma and the fear-industrial complex, are churning out stories about how forced masking is making a comeback.

Also, the “unvaccinated” are again to be denied basic human rights in the name of fighting a virus that the vaccine demonstrably does not protect against.

In short, they are desperately trying to revive the tyranny, insanity, and utter irrationality of the two-year Covid scare. And they are pretending none of us remembers how they destroyed society with their lockdowns, mask mandates, and vaccine mandates. They are hoping that none of us will remember the suicides, lost jobs, broken marriages, increased alcoholism and drug abuse, and the rest of what went along with the world’s experiment with global lockdown.

Even Fauci himself is back – like a moth drawn to the light of publicity. Despite all the scientific evidence that the lockdowns were a disaster, that they did far more harm than good, Fauci has re-emerged with his trademark arrogance and claimed that they were the right thing to do and should be done again if that’s what it takes to force people to take the vaccine. A vaccine that does not work.

They won’t even allow us to mention the spike in all-around mortality or the millions who may have been vaccine-injured the first time around. They want us to think that 20-year-old world-class athletes have always just dropped dead of heart attacks out of the blue. It’s all normal! Don’t question it! What are you, some kind of conspiracy theorist? Are you a science-denier?

Yes, look for a renewal of all those old hollow phrases used to attack those of us who can see with our own eyes and hear with our own ears. Their slogans are meant to silence any debate. The same “experts” like Fauci who claimed “I am the science” are back and they shamelessly demand to silence us again.

The big question is…why? Why are they doing this and how do they think they can get away with it a second time? One reason they believe they can get away with it again is that no one has ever been punished for what they did the first time. The Federal Government made sure that the pharmaceutical companies would not be liable for vaccine damages.

The public figures who openly became monsters, demanding the unvaccinated be drummed out of society and maybe even off the face of the earth have not been shamed or shunned. Politicians who displayed cowardice and worse have not been voted out of office for their treachery.

Why are they coming back around for another round of Covid tyranny? Fear is a weapon to gain control. Last time around they generated fear to radically change how America voted. Suddenly everyone was mailed ballots. How closely were they checked? No one knew and no one dared ask. The people who did ask about the election are now facing jail terms.

They want us to shut up while they do it again. Will we?”

See here.

It’s no wonder that the great Murray Rothbard thought highly of Ron Paul! He recognized that Dr. Paul was a man of principle. Here is what Murray said about Ron:

 “Ron Paul is a most unusual politician – in many ways. In the first place, he really knows what he’s talking about. He is not only for the gold standard. He knows why he is for it, and he is familiar with the most advanced and complex economic insights on the true nature of inflation, on how inflation works, and how inflationary credit expansions brings about booms and busts. And yet Ron has the remarkable ability to take these complex and vital insights and to present them in clear, lucid, hard-hitting terms to the non-economist reader. His economics is as sound as a bell.

But, even more important, Ron Paul is an unusual politician because he doesn’t simply pay lip service to moral principles. He believes in moral principles in his mind and heart, and he fights for them passionately and effectively. High on his set of moral principles is the vital importance of individual freedom, of the individual’s natural right to be free of assault and aggression, and of his right to keep the property that he has earned on the free market, and not have it stolen from him by confiscatory taxes and government regulations.

Ron Paul, in short, is that rare American, and still rarer politician, who deeply understands and battles for the principles of liberty that were fought for and established by the Founding Fathers of this country. He understands that sound economics, moral principles, and individual freedom all go together, like a seamless web. They cannot be separated, and they stand or fall together.”

See here.

Let’s do everything we can to draft the great Dr.Ron Paul for president. Our country needs him

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