Ron Paul's response to Russian Sanctions

The electorate is incompetent. It votes for the well known and popular with no consideration of ability to do the job. Also, the very smart don't seek power by subjecting themselves to the political process. So we get power hungry incompetents elected by the ignorant.

 

Everyone likes to think that of the opposition as justification for why their preferred candidate lost.
What’s your alternative? Getting a bunch of smart people to elect for us? Well, Electorate College was created specifically for that reason. Is everyone happy with it? Democrats are pretty pissed about it right now, many still can’t get over Bush’s elections, not even mentioning Trump.
Or we can get a guy or a gall with the highest IQ and install them as a monarch. Problem is - what are you going to do if their next of kin has a low IQ? Tried that, didn’t really work.

Take Ron Paul as an example - none of the reputable economists agree with him. Yet you think he is smart. Who should we believe? I’ll side with economists. You might think I’m not smart, but I prefer people who actually know the subject very well, not some MD who read questionable books about the Fed and who wants to wreck the whole thing.

 

Probably correct. I can tell you without a doubt that economists aren't very good at economics. They can't agree on anything. Outsiders probably have a cleaner view of things economic.

 

But most of them will agree on major things - there should be one currency per country, internal trade is good, fairly easy access to credit (reasonable) is good, fairly low interest rates are good, Government printing money to pay its bills is bad.
Economics is not exact science like physics or math. It’s more of a study of group behavior and the way the group reacts to certain things. That’s why there are many opinions. But they all do know how the fed functions, how money creation works and how banking works.

 

You are correct. Economics is not a science at all. It is social analysis.

 

I think he is paying too much attention to the voices in his head. Hey Menendez, they are demons stupid!

What can we do Lord for an honest politician?

I'm the master of chaos
don't you know?
It's what I do, and how I go.

I lie and cheat - do everything foul
to torment, as I scream and howl,

to bring you down into our state,
and flourish with us in our fate -

Of anguish, grief, and unending hate. - Jeannette​

 

Okay, please provide your argument for why competition is not good when it comes to currency.

 

No. Money is debt. So debt to whom? Yeah that’s right, you don’t know. Neither do I.

I think an independent body SHOULD do monetary policy. Our government is a disgrace.

I never said it didn’t work. I said it was unethical to be so in the dark when our entire life revolves around money. The fed could, on a dime, double the money supply to its board members and halve the value of yours. Obviously that won’t happen, but the principle is you basically have zero control.

Lastly, if all debts were paid off, there would be no money in circulation. That’s a weird system. And I get it, it incentivizes society in a way a resource based monetary system couldn’t. And it allows for an enormous amount of war, which otherwise countries couldn’t afford. BUT, it doesn’t make it ethical.

So yeah it works. I’d rather people think critically in life and take none of our systems as fact. The reality that most people have absolutely no clue what money really is bothers me. It’s oxymoronic. No one understands it’s implications but our entire life is based on it.

The reality is I don’t have a valid alternative, because it’s near impossible to incentivize innovation in a resource based system. That I admit. I also admit that a debt based system is okay. BUT, I want to know who the **** is behind the curtains. Because if MY LIFE is based on this manmade artifical construct that is money, I want to know who’s in charge and all the workings of that system. It’s insane to me that this information isn’t the most talked about topic... but it speaks to the idiocy of the average person.

We argue sex, religion, abortion, gender, blah blah blah. What’s the most important thing in your life? Money. Ok so you know everything about that system right? “What? No, the system works so I don’t care.”

Typical.

 

After Trump finishes battling it out with the deep state, and hopefully exposes and destroys them , Ron Paul's son Rand will be our next president. That is if Trump wins the battle and the US still exists, so that he can truly make us great again through virtue and integrity. Without it there is no greatness, only tyranny.

 

First of all - who would issue those currencies? Government? If so then these currencies would just become one. You can think of coins and dollars. Different values, same thing. So, why bother?
Or do you want banks to issue their own currencies, or bank notes? Like Bank of America, whose stock took a beating 10 years ago? What if your employment contract states that you are to be paid by bank notes issued by Chase bank and the bank does something that causes it to go bankrupt in one month? What are you going to do? How would that note trade with international currencies? What if your bank has no presence on, let’s say, Lithuania, or Italy and you want to go there? How can the US government collect taxes and properly account for revenues and expenses?
Do you want states to issue currency? What if you need to travel from one state to another, like many truck drivers do?

And most of all - where is the precedent of this idea being successful anywhere in the world?

See, it won’t work. You Paul MD doesn’t get it. You can believe him all you want, but, luckily, smart people (Dems or Reps, doesn’t matter) run this country.

 

Did didn't present an argument for why competition is not good when it comes to currency. You simply asked a bunch of question. Questions aren't an argument. You presented no argument.

 

Again, you just demonstrated that you don’t understand the concept.
Everything is subject to supply and demand. You understand things like gold - you can buy it, sell it, or exchange it. Same thing with productivity and profit - if you have a job, your employer buys your productivity. If you own a business you can sell it for several years of business productivity - happens every day.
Where does the dollar comes into play? By government accepting only dollars for fees and taxes. You work in this country? Then your productivity must be quantified in dollars in order for you and your employer to pay taxes.
That’s where the demand for dollar comes from, just like demand for gold in open market. And just like gold has a fictitious human perceived value, so does your labor.
So, if you work even a minute, someone owes you and you owe the government taxes on your labor.
That’s where the debt comes from.
The Fed prints money and buys government debt on open market. If it over prints the currency, it sells the debt and destroys the money.

Your problem comes in you not being able to understand that anything you deem valuable is artificial. Gold has no value to dogs or birds. Neither does your labor. Gold is as valuable to another human as your productivity is, and it can be quantified. That’s the base of the US currency.

 

I gave you three scenarios and showed why none of them would work or be practical.

 

I think Paul is correct, factual, and sane, unlike most in DC.

Neoconitus is a very dangerous infection and affection of gray matter.

 

No you didn't. You didn't make any statement at all. You simply asked a bunch of questions.

 

Quite literally, everything of value is artificial. That’s fact. Gold only has value because of the demand and supply, as you said. I understand how society works and why it does. None of that changes the fact that I want to know the workings of the fed. It should ALL be public information. You tiptoed that part of my argument... which is the entire reason I posted.

You are wrong on the debt. You make it sound like the government is the one issuing the debt. That’s incorrect. The debtor is the government. In exchange for taking on debt, the government is issued money. Hence the money creation at the expense of debt. Although, commercial banks do this also. So I want to know from what and where does the fed gain this power of printing money, and loaning it out. The issue with them, unlike the rest of the world, there is no collateral. They literally lend against nothing. And for such a power to be privately owned, just no. Too much power to be not transparent.

Anyways, of course, the only value given to money is the value we all accept it to have. That isn’t the debate. And it’s not debatable that money is a central thesis to our life. That’s fact... and I think we deserve complete transparency from that monetary system, since it is the central tool that drives our society.

So I’m not sure why you’re going on and on about inherent value. I never argued that. I’m arguing the lack of transparency from, arguably, the most important organization of society, the fed. But as the inherent value goes, we are in agreement, there is zero value in money, only what we place in it.

 

Russia, China and Iran decided to use their national currencies in mutual payments. This is probably why the US is imposing more sanctions on Russia. Let's not forget, Ghadaffi was killed for wanting to go off the dollar and put Africa on a gold standard. It's probably also why the president of Total Oil was killed after telling Putin he was going to drop the Petro dollar. Right after he said it, his private jet ran into a snow plow at the Moscow airport.

Anyway it's only a matter of time before the dollar loses its international standing - although I don't know how exchanges can be made in a Swift system, without a standard currency?

 

Well, we have always known that he is a feckless little....nut. But to see him call our intelligence community liars and side with a foreign dictators fall in line with his Randian nonsense. Color me not surprised.

 

Government borrows from public.
The Fed regulates money supply by buying or reselling US on open market, not directly with the government.
Where does the Fed gain the power of creating currency?

https://en.m.wikipedia.org/wiki/Federal_Reserve_Act

See, that was easily available information. Just like congress mandated everyone in the US to pay the government with USDs, it created the Fed and gave it the ability to create currency.

As for your question about collateral - well, the collateral to the currency is the government debt. The government will receive a payment from you for your productivity and part of that money can be used to pay back the debt. So, collateral is the total combined economic output of the country. Not different than gold.
Oh, and the Fed is not running as a private entity. The US president can’t appoint someone to be a CEO of the Chase bank, yet he appoints the chief of the Fed.

 

When he was running for the president, if I remember correctly he was challenging Bush, I used to label him Nut Paul to his cult-like followers on internet boards.

 

No wonder you prefer Ron Paul videos.

 

He's a godd4mn fool, a pseudo-intellectual, neo-libertarian steeped in a philosophy that most people are worthless, save for what they can provide to the elites. People like him should not be in charge of anything, ever.

It is no mystery why a man like him reveres an authoritarian Kleptocrat who foments oligarchy.

 

America had competing currencies for most of its history. Then a bunch of rich bankers got together with the government and created a monopoly on money. No doubt they did it for the benefit of mankind and not their own greed.

 

Every Gov't intelligence agency has not investigated this - that claim - made by Establishment political and bureaucratic elite who know better- is a lie.

Assad was not a "war criminal" prior to the arming and supporting of Al Qaeda in Syria - a violation of international law. Further - we are committing the same kinds of war crimes that Assad is claimed to committed in Iraq - Syria - Yemen and so on. By your logic this justifies other nations supporting "Al Qaeda" here in the US.

And Yes .. it does matter that they are fighting terrorists. There is a difference between condemnation against dropping bombs on some village because you don't like them and dropping bombs on a proxy army that is trying to take down your regime.

That Russian's were also involved in election meddling does not change the fact that we were as well. Then there are other factors such as threatening a Russian Strategic interest - the Naval port in Crimea which has been in Russian hands for 400 years.

This is word salad. Define "influence" and state the method of influence ... and explain how this is "attacking". The word "attack" implies use of physical force.

Second you are completely ignoring the "Pot calling Kettle Black" part of the equation - that we regularly meddle in the democratic processes of other nations. You can not call what is generally accepted practice "attacking" without being a hypocrite.

The Fact of the matter is meddling in our electoral process by foreign actors is both accepted and condoned. Comparing FB posts to the meddling that goes on by these other foreign actors is equivocating a rain drop to a hurricane. This "faux outrage" is exactly that .. it is a hypocritical clown show.

The third issue is that the two parties in this nation are essentially the same - in any significant sense - and so it makes no difference to the base power structure of the nation which gets in. It is not like electing Red over Blue or vice versa is going to usher in some vast political change - like having some extreme leftist or extreme right take over.

The Establishment in this nation is both Red and Blue ... electing either will not change the Establishment.

1) Clearly you do not know what a Strawman argument is. 2) the CIA/FBI/NSA is one thing - hand picking individuals by a known liar who should be in jail for his acts of lying to congress (felony 1) about illegal en mass spying on US citizens (felony 2), - someone who has an agenda to come up with a pre-ordained conclusion is another.

http://jackmatlock.com/2018/06/musi...unity-russian-interference-and-due-diligence/

You have been repeating a whole lot of state propaganda .. don't drink the koolaid so blindly.

 

Just admit it - you can't prove that successful countries don't have murders.

By the way, competing currencies already worked in America for most of its history.