Ron Paul for 2012 White House

[AzariLoveIran]

[CgDs]

[AzariLoveIran]

[skyhook77sfg]

ron paul just announced he will not run for congress again...

supporters say it was a REPUBLICAN PURGE...

his annoying ideas caused them to radically change

his district boundaries to include a large black block....

corporate statist party hacks sure know how to protect

the millionaires in congress and their billionaire employers

[Mattmovies]

I don't consider myself a Libertarian, but I was satisfied to see that Ron Paul has kept up with the economy and seems to have an educated opinion (as opposed to most politicians I see that don't even make the effort). Here he challenges the Bernanke:

[skyhook77sfg]

CONGRTULATIONS RON PAUL

THEY MAY HAVE REDISTRICTED YOU INTO RETIREMENT

BUT THEY CANT DO THAT TO YOUR PRINCIPLES


It is very scary: the flight to gold is accelerating at a faster and faster speed," said Peter Hambro, chairman of Britain's biggest pure gold listing Petropavlovsk.
"One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money."

China, Russia, Brazil, India, the Mid-East petro-powers have diversified their $7 trillion reserves into euros over the last decade to limit dollar exposure. As Europe's monetary union itself faces an existential crisis, there is no other safe-haven currency able to absorb the flows. The Swiss franc, Canada's loonie, the Aussie, and Korea's won are too small.

"There is no depth of market in these other currencies, so gold is the obvious play," said Neil Mellor from BNY Mellon. Western central banks (though not the US, Germany, or Italy) sold much of their gold at the depths of the bear market a decade ago. The Bank of England wins the booby prize for selling into the bottom at €254 an ounce on Gordon Brown's orders in 1999. But Russia, China, India, the Gulf states, the Philippines, and Kazakhstan have been buying.

China is coy, revealing purchases with a long delay. It has admitted to doubling its gold reserves to 1,054 tonnes or $54bn. This is just a tiny sliver of its $3.2 trillion reserves. China's Chamber of Commerce said this should be raised eightfold to 8,000 tonnes.

Xia Bin, an adviser to China's central bank, said in June that the country's reserve strategy needs an "urgent" overhaul. Instead of buying paper IOU's from a prostrate West, China should invest in strategic assets and accumulate gold by "buying the dips".

Step by step, the world is edging towards a revived Gold Standard as it becomes clearer that Japan and the West have reached debt saturation. World Bank chief Robert Zoellick said it was time to "consider employing gold as an international reference point." The Swiss parliament is to hold hearings on a parallel "Gold Franc". Utah has recognised gold as legal tender for tax payments.

A new Gold Standard would probably be based on a variant of the 'Bancor' proposed by Keynes in the late 1940s. This was a basket of 30 commodities intended to be less deflationary than pure gold, which had compounded in the Great Depression. The idea was revived by China's central bank chief Zhou Xiaochuan two years ago as a way of curbing the "credit-based" excess.

Mr Bernanke himself was grilled by Congress this week on the role of gold. Why do people by gold? "As protection against of what we call tail risks: really, really bad outcomes," he replied.

Indeed

LIKE THINKING PRIVATE CORPORATION ISSUED GREEN COLORED PAPER HAS INTRINSIC VALUE

FOR ANYONE OTHER THAN THE PARASITES THAT OWN THE FED.....


http://www.telegraph.co.uk/finance/comm ... avels.html

[Tinker]

Heh, I wonder how all these gold and silverbugs reconcile the deep price manipulation that Comex does in relation to its margin requirements. They recently changed their margin requirements and silver plummeted. I wonder who snatched up that silver. I have a buddy who is a silverbug and he bought up stock in a high-producing silver mine in Mexico whose stock price dropped along with the silver crash, and that stock has only been going up from where he bought it. I think most of the real heads who are doing this understand the nature of Comex's manipulations. They'll probably pull that particular scam several times if silver is on its way to $1000. That's a pretty incredible claim though.

[skyhook77sfg]

THE MANIPULATIONS ARE TRANSPARENT

back when the hunt bros succeeded in cornering physical silver deliveries and were about to decimate the cabal that controls precious metals

what did they do....

changed the rules in the middle of the game and collapsed hunt bros holdings....

anyone that bets against loaded dice has my condolences in advance

the odds are better against one armed bandits than two

[crashtech]

I'm troubled by the thought of supporting a candidates who also earns ALI's approbation.

I'll have to think about this more, but it's likely to be a moot point, there is no way RP will earn the GOP nod.

[skyhook77sfg]

thats what the system does to independent thinkers with principles...

men they cannot compromise are first ignored, then ridiculed, then neutered..... finally neutralized..

rip jfk mlk rfk

[YMix]

[skyhook77sfg]

maybe people are once again trying to get off the R-D seesaw that is full of ups and downs but goes nowhere...

but once upon a time a texas billionaire beholden only to his country and his countrymen

(he personally financed a covert action by former SF operators to free captive americans)

was leading both a long time wasp yalee skull and bones CIA man and a photogenic but priapetic yalee from the ozarks

and suddenly some very serious threats to his family neutralized the threat to the two parties pushing NAFTA....


there are all kinds of organized crime....

the most profitable aint run by iialians

[Mr. Perfect]

Ron Paul is a life long Republican.

[skyhook77sfg]

its not the party

its the man

odd idea

to you?

[Mr. Perfect]

The man decided to join a party. Tells you something about the man.

[YMix]

Well, there are only two to choose from in your country, if one is serious about politics.

[skyhook77sfg]

well said

and true

[Mr. Perfect]

Never heard him complain about it. Rather the opposite.

[skyhook77sfg]

FOLLOWING RUMMY'S LAW

absence of evidence is not evidence of absence

but then again you go to war with the SecDef you have and not the one you want

[Mr. Perfect]

Ron Paul explaining why he's a TRADITIONAL CONSERVATIVE REPUBLICAN.

http://www.youtube.com/watch?v=pZ_Z_XG0 ... re=related

[skyhook77sfg]

OH YEAH

TRADITIONAL CONSERVATIVE REPUBLICANS

OPPOSED THE IRAQ WAR

WANT TO CLOSE OVERSEAS BASES

AND BRING THE BOYS HOME

AND OF COURSE ELIMINATE THE FED...



when you do that will send rnc a check...

[Tinker]

[Mr. Perfect]

[skyhook77sfg]

funny criteria for truth youse guys got....

like

I am not a crook

I did not have sex with that woman

We know exactly where those weapons of mass destruction are

Reagan proved deficits dont matter

ad infinitum et ad nauseum

[Mr. Perfect]

Some people live in the past.