the holistic radical

April 9, 2008

What is the Significance of the National Debt?

It’s a good indicator of how we ruined a once solid economy.

http://www.naturalnews.com/022931.html

Comments by Mike Adams, the Health Ranger

As we wind our way towards an election between the professional liars that have been put forward as candidates for U.S. President, it seems to be a great time to remind us all about the issue being routinely ignored by virtually everyone (except Ron Paul, of course, who was never really embraced by the “please lie to me” mainstream public). To what issue am I referring? The national debt, of course.

As you can see in this bumper sticker, the way to annoy a liberal is to “get a job,” as the pop culture bumper sticker says. To annoy a conservative, all you have to do is “defend the Constitution.” But how do you annoy everybody? That’s simple: Explain the national debt.

Americans don’t want to hear about the national debt. It’s like a family living paycheck to paycheck, maxed out on their credit cards, trying to pretend the collection notices are all being lost in the mail. They don’t want to admit they have no ability to actually pay off the debt they’ve incurred by pursuing a flamboyoant lifestyle, blowing wads of cash on high-priced wines, luxury vehicles, and an occassional line of coke — they desperately want to imagine they can keep living on money that appears from nowhere, regardless of how much they owe to everybody else and the fact that their incomes don’t even come close to matching their expenditures.

Too bad every household in America doesn’t have its own Federal Reserve, huh? If it did, we could all just print money to pay off our debt, save our skins, and ignore the fundamentals of economics. But even in Washington today (and New York), the Federal Reserve is too busy bailing out greedy, criminally-operated banks to turn much attention to the much larger issue of the United States’ national debt. Apparently, saving the banks is more important than anything else, and the Fed is now committed to destroying the U.S. dollar through runaway hyperinflation in order to prevent a few rich bankers from facing the consequences of their outrageous sub-prime lending sprees.

America runs its finances like a crack addict

But let’s get back to the national debt for a moment. The United States government is broke. The only reason it’s been able to operate for this long is because other nations and foreign central banks have been foolish enough to keep lending the U.S. government more money. It’s like giving cash to a crack addict and hoping he will somehow seek out a drug rehab center on his own.

This is the person who never gets a job, never makes an honest living, but yet somehow manages to hit up everybody else for cash. You know how it works: “I need to buy a car to get a job,” they say. And then when you pony up the cash for their car, they get drunk and wreck the car, and they never try very hard to get a job in the first place. They keep spending and spending, tossing money down the drain on blows of crack, meth, heroin or booze. They promise to go into rehab someday, if you’ll only help them through “the next month” with a little more cash. This is the life of a drug addict. (Do you know one? Everybody does, it seems…)

America is that drug addict. It borrows cash from the central banks around the world, blowing it all on Medicare prescription benefits signed into law by Bush (money for drugs, see?). It spends trillions on military campaigns that accomplish nothing positive, yet enrage the global community and recruit lifelong enemies of this nation. Notice how the price of oil has more than tripled since the war with Iraq started? It’s so bad now that truck drivers are going on strike over the price of diesel.

America spends money not merely like a drunken sailor, but like a crack-addicted sailor with a wheelbarrel piled high with one-hundred dollar bills, locked in a room full of Gov. Spitzer’s favorite hookers and a suitcase spilling over with blow.

Don’t dare explain the national debt to anyone

But try to explain the simple workings of finance, debt and economics to the uninformed, and you’ll be accused of being a doomsayer, a pessimist, or — the worst insult in today’s fear-based society — unpatriotic! How dare you point out the economic truths that will soon bring this country’s federal government to its knees! Such blatant truths shall not be tolerated… especially not in a country whose entire financial system is based on a cascade of fictional financial instruments propped up by nothing more than wishful thinking and Enron-style accounting fraud.

Let me translate all this for you in serious terms: The United States is already broke. The Federal Reserve is destroying the currency. The U.S. dollar will soon be virtually worthless. There is no saving the dollar, and there’s no saving the savings of any U.S. citizen foolish enough to be holding dollars when the music stops. The Federal Reserve has already decided to do anything in its power to save the rich bankers; even if it means destroying the value of all the dollars held by hard-working Americans. The day will come, folks, when your savings accounts will all be “recalibrated” and you’ll be given ten cents on the dollar while the Fed slinks away with 90% of your savings, using it to bail out overpaid bank owners.

And the federal government? Under a long string of presidential crooks — Democratic and Republican alike — it has decided to pursue a dangerous experiment called, “What happens if we never pay our debtors while running up more debt?” That experiment, not surprisingly, will end in the financial demise of this nation. (But there’s good news: A new, better system may emerge from the dust of the greenback… keep reading…)

You can’t defy the laws of gravity… nor economics

These aren’t careless predictions, by the way. These are simple observations the follow the fundamentals. Why are the nations of the world fleeing the U.S. Treasury debt auctions? Why are dollars increasingly worthless everywhere except in the United States itself? The answer is because the Fed is hyperinflating the currency to save the banks, even while the government is snorting yet more crack and spending unprecedented levels of increasingly-worthless dollars on drugs and war (or, as they call it, “medication and defense”).

Hence the bumper sticker: Annoy everyone. Explain the national debt. People don’t want to hear this. They’d rather imagine none of these problems exist; that debt doesn’t matter; that unlimited dollars can be created out of nothing with zero impact on peoples’ savings; that the U.S. government is wise enough to avert financial disaster. These are the hopes of the deluded. These are precisely the ramblings of Enron’s accountants before the crash, or dot-com stock pushers before that crash. They’re the slobbering blatherings of all the people who said housing prices will never fall, and therefore everyone will get rich off the never-ending housing price booms!

Being right does not make you popular

I’ve spend many years pointing out the idiocies of the deluded. I publicly predicted the dot-com crash and began warning people to get out of the market in 1998 – 2001. (This is a matter of public record, not some wishful hindsight.) I also publicly predicted the collapse of the housing market right here on this website, beginning nearly two years ago. And now, those predictions that once seemed “radical” are the Wall Street Journal’s front page news. What am I predicting now? Like I said, it’s not a prediction, it’s just an observation.

It’s like observing gravity. If you toss something into the air, you can be confident it’s going to come falling back to the ground. You don’t have to “predict” gravity; it’s a law of the universe. It works by itself, like clockwork, regardless of what you want it do to (I’m ignoring near-light speed travel, relativity, quantum physics, and all that fun stuff for the purposes of this metaphor, by the way, for those readers who are physicists). Likewise, when you see a nation throw its dollars into the air, spending its way to oblivion, ignoring its debt and ramping up its spending to even higher levels, it doesn’t take much of a prediction to know that it’s all going to fall back to the ground in a grand economic collapse.

So I’m not even calling the coming collapse of the U.S. government a “prediction.” It’s just common sense. It’s as obvious as gravity. If you don’t believe me, do the math. There is no mathematical solution to the current financial crisis facing not merely the banks and the currency, but the federal government itself. The only unknown factor is WHEN things will happen. Can the Fed help the economy limp along in a state of near-collapse for another year? Perhaps. Five years? Maybe. Ten years? I doubt it.

Now for the good news: The good news is that the U.S. federal government will eventually go bankrupt. Yes, that’s the good news! Because after the financial chaos passes (which will not be fun, believe me), we have a chance to create a new society, a new currency and a new, honest system of government that actually represents the People for a change. The current cabal of corruption and criminal behavior that sits in Washington and pretends to protect the interests of the voters is about to find itself on the receiving end of an angry mob. The 200+ year experiment called The United States of America is in its final chapter. But out of its failure, we can learn important lessons. We can learn things that will help us create a better future society. Lessons like:

• Never let a private company (the Federal Reserve) control the money supply.

• Never let “representative” legislators vote in your place. Insist on a DIRECT Democracy in the next society. (We don’t need Senators and Congresspeople, folks. The whole concept is long since outdated, and most Senators and Congresspeople are crooks.)

• Never let a government abandon the gold standard for its currency. If you do, that government will inevitably hyperinflate the currency and leave the people broke.

• Never let corporations run the government. If you do, your government will become a branch of the corporations, and the regulators (like the FDA, USDA, etc.) will become agents of corporate-sponsored terrorism that abandon all ethics and destroy the health and safety of the People.

• Never allow the centralization of power in one branch of government. For example, do not allow the creation of Executive Orders we’ve seen signed by the President.

• Never allow one man (the President) to commit acts of war. Didn’t we learn this after Vietnam?

• Never allow people from industry to take jobs in the government where they become biased, pro-corporate pushers of everything from pharmaceuticals to beef.

• Never allow politicians to censor scientists.

• Never allow the population to be dumbed-down through sub-standard public schools that only raise a generation of obedient workers, not skeptical thinkers.

• Never allow the media to control the population through advertiser-supported propaganda and violent programming.

• Never allow politicians to destroy citizens’ rights. When they attempt to do so, march on your capitol (in a non-violent way, of course). Arrest the politicians. Prosecute them for crimes against the People.

• Never allow corporate lobbyists to have access to lawmakers. If you do, you’ll end up with a corrupt government that only protects corporations, not the People.

• Never allow your government to operate in secret, with secret prisons, secret wiretapping laws and secret war “evidence” that is never made public. Secrecy breeds corruption. Honest societies do not need to conduct their judicial processes in secret.

• Never allow corporations to play God with the food supply by genetically modifying the crops.

• Never allow corporations to be granted intellectual property ownership over seeds, genes, animals and medicines. If you do, you will one day wake up impoverished, “homeless on the continent your fathers conquered,” to quote Jefferson.

• Never allow banks to operate on a fractional reserve system of loans and money creation that’s just begging for a series of cascading failures.

… I could go on, but you get the point. We have learned some very tough lessons over the last 200+ years, and once this present government collapses, it is crucial that we apply those lessons in creating a new system that abandons tyranny and embraces genuine freedom. We will have this opportunity soon. Many Americans will lose their life savings on the journey towards this new opportunity, but if we maintain our collective vision of a brighter future society, I believe we can create something much better out of the ashes of this failed experiment called the United States of America.

Please note: In no way do I support violence of any kind in creating a new society in the aftermath of this current one. I only support collaboration, openness, freedom and great respect for all living creatures as well as our sacred planet Earth. I believe the passing of this failed government is a blessing, not a curse, and I believe the collapse of the U.S. dollar will ultimately help awaken many to the tough but rewarding decisions that will face us all in the very near future. We must consciously decide to take back our freedoms, our rights and our futures from a system of corporate and government control that has destroyed our planet, exploited our people, and stolen our savings. But if can make the rights decisions based on creating a more promising future for our children, then the rewards will be unimaginable.

We the People hold the power to create a new society based on the freedoms and promises once held sacred in this land. Be ready to play your role, a constructive role, in the aftermath of this current society. And do not be surprised when gravity kicks in and this entire fictional government charade comes crashing down along with the fractional reserve banking system, the criminal Federal Reserve, the war-mongering politicians and the endless, endless debt. There is no way out now other than collapse and rebirth.

I can’t say when it will come, or exactly how it will play out. I only urge us all to remain positive, informed and constructive. The coming chaos will be painful in the short term, but out of the ashes of a failed society, we can work together to rebuilt a new one based on real freedom, honest money, sensible medicine and limited government.

February 4, 2008

We need a Super Tuesday strategy–a game plan

Filed under: elections, Ron Paul — Tags: , , , , , , , , — sesame seed @ 12:55 am

OK–Listen up, New Yorkers. Clinton can’t win her home state. That would send a really bad message. She hasn’t been a great senator and, besides, we really don’t want her for President. Why don’t we want her for President? Three reasons out of many: 1) She is relying on people not to think about her policy proposals or her husband’s administration and just think of the fact that “she’s a woman” and we need a woman president–which is true, we should get a woman president soon, like in many other nations, but not one that (reason 2) continues a dynasty in the White House. I was brought up in a country where anyone could be president, there were no dynasties and no aristocracy or plutocracy where a select few took turns trading power among themselves.

Therefore, Obama needs an overwhelming show of support to beat out Clinton. A good show beating Clinton in her home state (as indicated on TV that day and with exit polls, etc.) will hopefully influence other states to push Clinton out as well, whereas a good showing by Clinton in her “home” state (uh, she ran for Senate in NY the first time saying publicly that she was not using it as a stepping-stone to presidency–how not manipulative at all) would not so tacitly endorse her to other states–it would send the message that New Yorkers think she’s done a “good job” as Senator and would make a good president, neither of which is true.

New York, Get Clinton Out of the Race!

New York, Vote Obama for the Primaries!

New York, Vote Ron Paul in the General Election!

Do not vote McCain–Giuliani endorsed McCain so he could try to get on McCain’s ticket later as his running mate. Keeping Giuliani out of the White House now means keeping McCain out. Sorry, McCain, politics is the bedfellows you keep.

My apologies to Ron Paul as well–but we need to get Clinton out on the democratic side first before we can really vote for Paul. A Clinton vs. Paul general election would be harder to fight than a Paul v. Obama election. Really, if we had more than a stupid two-party system, this “game plan” calculation wouldn’t be necessary. Ah, well, once they put in electronic voting machines everywhere, it will barely matter who anyone votes for, and campaign finance will be more of a joke than it is already. Paper ballots now! It’s a big country, yes, but do you really need to know by midnight who won? Are we in that much turmoil that power can’t transition calmly if it takes a couple of days?

I’d still love to see a Paul-Obama ticket, or a Paul-Kucinich ticket.

Suggestions for this game plan? Make a comment.

January 20, 2008

Giuliani’s Agenda–Please do not vote for this man

Filed under: elections, politics — Tags: , , , — sesame seed @ 7:22 pm

Sunday, January 20, 2008

Silver tongue may haunt Rudy Giuliani

Sunday, January 20th 2008, 4:00 AM

Rudy Giuliani made millions as a lawyer and consultant, but he pocketed far more by giving $100,000-a-pop speeches to corporate bigwigs – many who would likely hope for a friendly ear in a Giuliani White House.

The Republican presidential hopeful has released details on 126 speeches he gave in 2006 and early 2007, when he exited the lucrative speakers’ circuit and hit the campaign trail in earnest.

But an exhaustive review of public documents by the Daily News has identified a total of 280 speeches that the former mayor has given since leaving City Hall in 2002, many to powerful corporate interests who paid him handsomely – and whose lobbying of Washington will unquestionably continue no matter who wins the White House.

The groups include a drug company active in embryonic stem-cell research, as well as a hospital association working to add “flexibility” to the nation’s immigration laws – both hot-button issues within the GOP.

The list – representing an estimated $25 million in income for Giuliani between 2002 and 2007, based on his typical fees – poses an unusual source of potential conflicts.

As President, Giuliani would have oversight of contracts and policies affecting industry groups that have directly paid him big bucks in the past, experts noted.

Of the 280 speeches Giuliani is known to have made since 2002, roughly 220 were to private, business-oriented groups in the U.S. Of those groups, 44 already employ lobbyists in Washington, disclosure forms show.

“This is kind of a subtle way for corporations to spread their influence,” said Bob Edgar, a former Democratic congressman from Pennsylvania and now president of Common Cause, the national campaign finance watchdog group. “If you’ve given someone $100,000 for an hour-long speech and [you] call the White House asking for a meeting, my guess is that meeting will be held.”

The speeches are perhaps the least investigated, but not only, source of potential business conflicts in Giuliani’s past.

The former mayor remains a partner at his consulting firm, Giuliani Partners, as well as at Bracewell & Giuliani, the Texas-based law firm that has carried his name since 2003.

He has so far refused to release a complete client list from either firm. But a review of court records, business filings and other publicly available documents has turned up some 175 legal and consulting clients, many with backgrounds that seem ready-made for political attack ads.

They include Saudi Arabia’s oil ministry, owners of nuclear reactors, a pharmaceutical giant fined for fraud, a tobacco company and even an admitted cocaine smuggler who later developed a system for tracking down terrorists.

Aides to the former mayor have argued that Giuliani was simply giving speeches “to a wide range of companies that wanted to hear him speak about his own unique experiences and lessons on leadership.”

“Rudy Giuliani is his own candidate, and he will continue to run for President on the issues and ideas he believes are important to the future of this country,” said Giuliani spokeswoman Maria Comella, adding that he is not alone in the speech-making department.

Mike Huckabee, a former Baptist minister and GOP rival, collected $35,000 in speaking fees last year from drug-maker Novo Nordisk, a leading advocate for embryonic stem-cell research, Politico.com has reported.

Giuliani’s general response to his past business ties is that his firms performed good, honest work and he has stepped down from any day-to-day dealings. He has also argued that many of his law firm’s clients predated his arrival in 2003.

That’s a degree of separation, however, that does not exist for Giuliani on the speaking fees – they were paid directly to him and typically amounted to more money per speech than the average American family makes in a year.

Many of those who paid Giuliani $100,000 or more for an hour-long speech represent interests that could prove troubling to Republican voters.

He pocketed $48,000, for instance, from Novartis Pharmaceuticals, a company that has been active in embryonic stem-cell research.

He received an undisclosed sum from the American Hospital Association, which has worked to increase flexibility in immigration laws – a position not embraced by many GOP voters – to let hospitals employ more foreign-trained nurses.

In other cases, Giuliani seems to have largely adopted the policy goals of groups who swelled his bank account in the years after he left City Hall.

They include several health care companies and associations, among them Assurant Health, a leading underwriter of health insurance policies bought by individuals who paid Giuliani $40,000 for a speech in July 2006. Giuliani has made growing the individual market for insurance a centerpiece of his health care plan.

The former mayor also spoke to the American Nuclear Society (ANS), nuclear power’s main industry association. Giuliani the candidate has vowed to expand nuclear power as part of a plan to push the country toward energy independence.

Recently, the ANS lobbied Congress, the Department of Energy and the Environmental Protection Agency on issues related to disposal of high-level nuclear waste, according to lobbying disclosure reports filed with the U.S. Senate.

dsaltonstall@nydailynews.com

January 12, 2008

Dark Age for Women: Hillary Clinton Makes Women Look Bad

Women, are you going to be voting for someone who uses stereotypes of women in order to win over another candidate (Obama, for you democrats) who is far more qualified and policy-minded?

Clinton is not the “candidate for women;” she is abusing women with her displays. She is setting women’s rights back at least two decades. Powerful women, stand up and vote on the issues, not on identity politics.

Yes, Obama is more qualified in that he is not resorting to emotions, and is sticking to policy issues. He is qualified in that the “greatest nation in the world” should have a president that looks like a large amount of its population, after 43 presidents that didn’t represent most of its population: i.e., nonwhite and immigrant, the people who are constantly being exploited. This here is not identity politics; this here would be representation for the issues for people who have been constantly denied representation. White women have not been constantly denied representation in this country. It’s safe to say they have a fair amount of power now, and it’s time they shared some of it. We don’t need a Clinton dynasty. Clinton is running on her name alone. Don’t be fooled, don’t be lulled, don’t buy the mainstream media hype that the Clinton era was some kind of glorious time–though it may now look marvelous compared to what Bush & Co. have put us through for two terms. Some of us didn’t benefit when the “wind blew up all sails” in the Internet-boom of the 90s. Some of us were still poor in the 90s. And note I said the “Internet boom” of the 90s. Clinton I cut welfare in the 90s, to the point that if there was a major recession tomorrow (it is on its way), many of the poor and middle class would be hard-pressed to get benefits now–the welfare infrastructure in this country, as well as the rest of the government, has been eroded to a skeleton, to allow for more corporate subcontracting when a major disaster should strike. Any economic upswing in the 90s was not due to government creativity or policy as much as it was due to the novelty of the Internet–and that’s why we’re having hard times now, because that glittering has worn off and we don’t know what the next gimmick will be. And we are a country of gimmicks, because all of our jobs and manufacturing are outsourced to overseas nations. Woe to the American who was failed by the educational-indoctrination system, then cannot fit themselves into the bureaucratic-job-legal-aboveground system of employment–they’ll next be employed in a prison or FEMA concentration camp. Welcome to the future.

The amount of time you’ve been in the status-quo Washington DC Beltway does not make you qualified, Hillary.

Haven’t women been fighting for decades to not be treated like stereotypes, especially the stereotype that they’re emotional and can’t be decisive? Isn’t that the excuse behind the “glass ceiling”?

It is economics, stupid. It’s always been all about the economics. Voting doesn’t matter much if you can’t eat, if your housing is substandard and overcrowding, if your salary (unlike that of Congress members) doesn’t go up every year with inflation/cost-of-living-increases, but your rent goes up 10% a year. What’s Hillary’s economic policy?

Please look beyond the Democratic-Republican paradigm/circus and see that there is a candidate who actually knows something about economics: Ron Paul. He’s on the Republican ticket, but is actually closer to Libertarian values.

Though I may not agree with all of Ron Paul’s takes on social issues, I see that social issues are really caused by ECONOMIC INEQUALITY and disparities in the distribution of wealth, and that when economic issues are really attended to (instead of taxing the poor and middle class and using tax dollars for corporate welfare and defense contracts), the government will not need to step in on social issues to keep the domestic peace. Indeed, the Founders would turn over in their graves to see the extent to which our government intervenes in SOCIAL issues involving our freedom of CHOICE and liberty–what we can eat, how we can dress on the job or in school, what documents we must carry to travel, what substances we can put in our bodies, what substances the State feels everyone must have in our bodies (i.e., vaccines), etc.

But, for God’s sake–this may be our last free election in this rapidly-transforming-to-fascist-nation–if you must vote for a Democrat,–I guess because you like the label–please do not vote for Clinton. Vote for Obama. I’d love a Paul-Obama ticket or an Obama-Paul ticket, or some combination with Kucinich with one of them in a top cabinet post.

A vote for Clinton is a vote for power as it’s always been.

And we all know how power corrupts.

December 19, 2007

Political Quotes

Filed under: Freedom of Speech--Your First Amendment Right, politics — Tags: , , , — sesame seed @ 6:54 pm

Some noteworthy political quotes that should be common knowledge.

“First they came for the Communists,

but I was not a communist so I did not speak out.

Then they came for the Socialists and the Trade Unionists,

but I was neither so I did not speak out.

Then they came for the Jews,

but I was not a Jew so I did not speak out.

And when they came for me

there was no one left to speak out for me.”    -Dietrich Bonhoeffer

———————

“A democracy cannot exist as a permanent form of government.

It can only exist until the voters discover they can vote

themselves largess from the public treasury.

From that moment on, the majority always votes for the

candidates promising them the most benefits from the public

treasury, with the result that a democracy always collapses

over loose fiscal policy, always followed by a dictatorship.

The average age of the world’s greatest civilizations has been 200 years.

These nations have progressed through this sequence:

From bondage to spiritual faith;

from spiritual faith to great courage;

from courage to liberty;

from liberty to abundance;

from abundance to selfishness;

from selfishness to apathy;

from apathy to dependance;

from dependency back again into bondage. ”  – Dr. Alexander Tyler

December 6, 2007

Stop the Presses–No Taxes on Tips

Another reason to rally behind Ron Paul. This is one ballsy guy–because he tells the truth that needs to be told, plain and simple. He doesn’t need handlers or spin. He might be too uncomplicated for American politics.

No Taxes on Tips

It is an outrage that waiters, waitresses, and other service-sector employees have to pay taxes on the tips they earn. The IRS makes an estimate of how much service-sector workers will make in tips, and taxes them on it even if the taxpayer did not actually earn as much as the IRS’ estimate!

Tips provide a substantial portion of the income of many service-sector employees, many of whom are young people just trying to make a few extra dollars to get through school, or single parents often balancing two jobs while trying to make enough to raise a family. This tax amounts to nothing more than the federal government punishing these employees for working hard and doing their jobs well.

I have introduced H.R. 3664 in Congress to end this problem. The Tax Free Tips Act of 2007 will exempt tips from federal income and payroll taxes. Ending taxes on tips will give workers an immediate pay raise, letting them keep more money to put toward things like a house or car payment, their retirement, or their own and/or their children’s education.

When you give someone a tip, you should not have to simultaneously tip the federal government.

http://www.ronpaul2008.com/issues/no-taxes-on-tips/

—–

BusinessWeek

Facetime November 29, 2007, 6:09PM EST text size: TT

Ron Paul on the Evil Fed, the IRS, and Saving the Buck

At 72, Ron Paul is a Web phenomenon. His campaign says that some 80% of the $17 million raised in the past four quarters—including about $4.3 million in one October day—has come from online supporters. And according to a mid-November poll, the Republican Presidential hopeful is gaining ground in New Hampshire, though he’s still in single digits. Like maverick candidates such as Howard Dean in 2004 and Ross Perot in 1992, Paul seems to connect with voters hungry for unvarnished positions. Paul, an obstetrician and 10-term congressman from the Texas Gulf Coast, voted against the war in Iraq and wants the troops home fast, but it’s his economic ideas that are the most radical: He detests the Fed and would abolish the IRS. Paul was about to climb on a plane for a campaign trip to South Carolina when I caught up with him.

MARIA BARTIROMO

As President, how would you strengthen the economy?

RON PAUL

The most important thing is to get control of the budget, because the more we spend and the higher the deficit, the more we have to tax and borrow and inflate the currency—literally create new credit to buy Treasury bills. We need to restore confidence in the dollar before [its decline] gets out of control. The easiest place to cut spending is overseas because it’s doing so much harm to us, undermining our national defense and ruining our budget. I would start saving hundreds of billions of dollars by giving up on defending the American empire. I’d start bringing our troops home, not only from the Middle East but from Korea, Japan, and Europe, and save enough money to slash the deficit. We can actually pay down the national debt and still take care of people here at home. That would restore a lot of confidence.

What is the most important change you would make?

Aim for the federal government to immediately live within its means, to take the pressure off the Fed to create money.

And that means what?

Means no more inflation. If the Fed doesn’t create money out of thin air—and they do it mostly to accommodate the deficits—that would restore the soundness of the dollar and give us our purchasing power back.

But as President, you’re supposed to be independent from the Fed. You would encourage the Fed to stop printing money?

You know this idea that we can create a secret bank and they manage things and rarely tell us—or Congress or the Executive Branch—what they’re really doing, there’s a problem there. I can’t even go to a monetary policy board meeting of the Federal Reserve, and I’m on the Banking Committee of the U.S. Congress. I want open government, and certainly the Fed ought to be open. But it’s an institution that really shouldn’t exist. [Its financing] allows Big Government to get bigger without being responsible. And that’s why we have runaway spending for both warfare and welfare.

Hasn’t the Fed been effective in providing liquidity in the current credit crisis?

You’re right, but it’s sort of like a drug addict. The drug addict demands more or he’s going to have convulsions. The economy would have a convulsion if the Fed didn’t inject more credit. But if you continue to do that, the problem gets worse. You can’t solve the problem of monetary inflation with monetary inflation. These circumstances have all been created by our government and the Fed.

How was the recent crisis caused by our government?

It was astounding that you could get a mortgage at 4%, and this was all due to the Fed creating money and artificially lowering rates, which gets people to do the wrong thing. Builders do the wrong thing, and people borrow money and buy houses they can’t afford.

How would you change tax policy?

Ideally, get rid of the income tax. In the meantime, I’d give huge tax credits to anybody who wanted to take care of their own medical care. I’d give tax credits for all educational benefits. I’d get the government out of managing education and medicine. And do it by changing the tax code. I have a bill right now that is very popular, especially for people who are trying to work their way through college or who are having a tough time making ends meet, and that is to exempt all taxes on tips. People who have a first job or a second job waiting on tables and doing other things, they’re harassed by government rules and regulations, and sometimes they have to pay higher taxes than the tips they actually receive. I’d move next to saying no taxes on anybody who’s trying to get through college. Why do we tax them, make it hard for them, then give them grants? It doesn’t make any sense.

Who are your economic advisers?

I don’t have any. I read Austrian economics, which I’ve been doing for 30 years. So my advisers have been [von] Mises and Hayek and Sennholz.

Do you consider yourself a friend or a foe of Wall Street?

If they believe in freedom, free markets, and sound money, they’ll love me. But if they like creating credit out of thin air, they’ll see me as a threat. I was one of three people who voted against Sarbanes-Oxley because I thought it was detrimental to Wall Street. I’d repeal it.

You want to take the troops out of Iraq, but what about Iran? What do we do if other nations turn hostile?

I’d treat them something like what we did with the Soviets. I was called to military duty [as a U.S. Air Force flight surgeon] in the ’60s when they were in Cuba, and they had 40,000 nuclear weapons and intercontinental ballistic missiles, and we didn’t have to fight them. We didn’t have to invade their country. But to deal with terrorism, we can’t solve the problem if we don’t understand why they [attack us]. And they don’t come because we’re free and prosperous. They don’t go after Switzerland and Sweden and Canada. They come after us because we’ve occupied their land, and instead of reversing our foreign policy after 9/11, we made it worse by invading two more countries and then threatening a third. Why wouldn’t they be angry at us? It would be absolutely bizarre if they weren’t. We’ve been meddling over there for more than 50 years. We overthrew a democratically elected government in Iran in 1953; we were Saddam Hussein’s ally and encouraged him to invade Iran. If I was an Iranian, I’d be annoyed myself, you know. So we need to change our policy, and I think we would reduce the danger.

You have vehement new supporters. What’s driving the sudden interest in your candidacy?

I think they’re sick and tired of what they’re getting. They’ve lost all trust and faith in the government. They believe in the American Dream, and they’re getting a nightmare. And they’re rallying behind the program I’ve been working on for 30 years—defending the Constitution, limited government, free markets, sound money, and self-reliance; believing people can take care of themselves better than government can. The nanny state doesn’t work, the police state doesn’t work, and neither does the warfare. And they know it.

Maria Bartiromo is the anchor of CNBC’s Closing Bell.

http://www.businessweek.com/print/magazine/content/07_50/b4062021769214.htm

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November 29, 2007

“Third Rail” or Red Herring?

Filed under: elections, immigration, national policy, NAU, North American Union, politics, the future — Tags: , , — sesame seed @ 4:37 am

People, immigration, contrary to what the “talking heads” said after the CNN debates (I refuse to participate in the branding of democracy further by calling them the YouTube debates–might as well be honest, then, and call them the Google debates) is not an emerging “third rail” of American politics. With the North American Union a near certainty, followed by the complete erosion of your civil liberties and the tracking of your every move–if not your every keystroke–immigration will not matter. And for the globalist elistist capitalists who need cheap labor to eliminate the middle class and perpetuate their enslavement motives further, they are truly just using this non-issue to tip the election to the hands of Hilary Clinton. Hilary will do nothing on immigration–her husband was in the Trilateral Commission!

Notice how suddenly the campaign has become de facto Clinton v. Guliani–before the primaries have even happened. I did not see the whole debate, but the clip of McCain v. Ron Paul on the Iraq War did not seem to make Paul look good–at least by the time it was repackaged into a “clip.”

Americans, the changes that impact your life most are not going to appear on the nightly news. You have to start believing this. You have to debote a little less time to your entertainment in the short term and a little more energy researching issues that will hit you in the long term: monetary reform, getting out of war, what globalization really means. And the cultivation of your own soul would be nice. I am not trying to force my view on anyone, though my slant is not hidden here. You should read the links I have provided as well as do you own investigating and apply some reason and common sense. These issues are too important to rely on someone else’s information, or hearsay, especially when it is not public information, or when it is not transparent, how much money is behind the dominant messages, the conventional explanations.

I have been looking into Ron Paul lately and have been very impressed. I will vote for him. Do your own research. I would like a day when I am not pleading with you, America, to use your long untapped intellect.

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