The Most Dangerous Time in Our History?

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Posted on 27th November 2015 by Administrator in Economy



Posted on 24th November 2015 by Administrator in Economy

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It’s weird sometimes how curiosity leads to understanding. I started reading John Mauldin’s weekly newsletter in 2002. He referenced the writings of Richard Russell in one of his letters. He wrote a daily subscription newsletter, but I found a number of his articles for free and was immediately impressed by his reasoning and logic. I subscribed to his Dow Theory Letter and read his thoughts every day. His sound arguments for owning gold convinced me to invest in gold stocks, gold mutual funds, physical gold, and upon its issuance GLD. This was 2004, so I enjoyed excellent returns over the next seven or eight years.

I stopped paying for his newsletter in the late summer of 2008. It was clear to me we were about to experience an economic meltdown and he came out with a huge BUY recommendation just before the September 2008 collapse. I lost faith in his advice. Nobody’s perfect, but I don’t need to pay for bad advice.

I still think he was a brilliant analyst and I owe him a huge debt of gratitude. I had never heard the name Ron Paul until Richard mentioned him as the one decent politician in Congress. I started reading the writings of Ron Paul and became convinced he was the only person in Washington DC who had the right solutions for the country. I became a huge supporter of his 2008 bid for the GOP nomination. My outrage at how he was scorned and ridiculed by the neo-con GOP establishment and their media mouthpieces at Fox News, led to me to write the first article of my life – Why We Need Ron Paul – which was kindly published by Lew Rockwell.

So, in a way, Richard Russell is responsible for this website. Thank you Richard, and rest in peace. You left at the right time. 

From Richard Russell’s Family

It is with great sadness that we report the passing of Richard Lion Russell on Saturday, November 21. Richard had gone to the hospital a week earlier with abdominal pain. He was diagnosed with blood clots in the leg and lungs and other untreatable ailments, but was able to return home under hospice care. He spent his last days surrounded by family and visited by close friends.


Who Should Pay For the Syrian Refugees?


Posted on 23rd November 2015 by Administrator in Economy

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 Guest Post by Ron Paul

undefinedLast week the US House dealt a blow to President Obama’s plan to resettle 10,000 Syrians fleeing their war-torn homeland. On a vote of 289-137, including 47 Democrats, the House voted to require the FBI to closely vet any applicant from Syria and to guarantee that none of them pose a threat to the US. Effectively this will shut down the program.

The House legislation was brought to the Floor after last week’s attacks in Paris that left more than 120 people dead, and for which ISIS claimed responsibility. With the year-long US bombing campaign against ISIS in Syria and Iraq, there is a good deal of concern that among those 10,000 to be settled here there might be some who wish to do us harm. Even though it looks as though the Paris attackers were all EU citizens, polling in the US shows record opposition to allowing Syrian refugees entry.

I agree that we must be very careful about who is permitted to enter the United States, but I object to the president’s plan for a very different reason. I think it is a sign of Washington’s moral and intellectual bankruptcy that US citizens are being forced to pay for those fleeing Washington’s foreign policy.


The World’s First Cashless Society Is Here – A Totalitarian’s Dream Come True


Posted on 18th November 2015 by Administrator in Economy

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The World’s First Cashless Society Is Here – A Totalitarian’s Dream Come True

By Nick Giambruno

Central planners around the world are waging a War on Cash. In just the last few years:

  • Italy made cash transactions over €1,000 illegal;
  • Switzerland proposed banning cash payments in excess of 100,000 francs;
  • Russia banned cash transactions over $10,000;
  • Spain banned cash transactions over €2,500;
  • Mexico made cash payments of more than 200,000 pesos illegal;
  • Uruguay banned cash transactions over $5,000; and
  • France made cash transactions over €1,000 illegal, down from the previous limit of €3,000.

The War on Cash is a favorite pet project of the economic central planners. They want to eliminate hand-to-hand currency so that governments can document, control, and tax everything.

This is why they’re lowering the threshold for mandatory reporting of cash transactions and, in some instances, simply making it illegal to pay cash.

In the U.S., central planners ratchet up the War on Cash every time the government declares a made-up war on something else…a war on crime, a war on drugs, a war on poverty, a war on terror…

They all end with more government intrusion into your financial affairs.

Thanks to these made-up wars, the U.S. government is imposing an increasing number of regulations on cash transactions. Try withdrawing more than $10,000 in cash from your bank. They’ll treat you like a criminal or terrorist.

The Federal Reserve is at the center of the War on Cash. Its weapons are inflation and control over the currency denominations.

Take the $100 note, for example. It’s the largest bill in circulation today. This was not always the case. At one point, the U.S. had $500, $1,000, $5,000, and even $10,000 notes. But the government eliminated these large notes in 1969 under the pretext of fighting the War on Some Drugs.

Since then, the $100 note has been the largest. But it has far less purchasing power than it did in 1969. Decades of rampant money printing have inflated the dollar. Today, a $100 note buys less than a $20 note did in 1969.

Even though the Federal Reserve has devalued the dollar over 80% since 1969, it still refuses to issue notes larger than $100. This makes it inconvenient to use cash for large transactions, which forces people to use electronic payment methods.

This, of course, is what the U.S. government wants.

It’s exactly like Ron Paul said: “The cashless society is the IRS’s dream: total knowledge of, and control over, the finances of every single American.”


Does the Bell Toll for the Fed?


Posted on 9th November 2015 by Administrator in Economy


Last week Federal Reserve Chair Janet Yellen hinted that the Federal Reserve Board will increase interest rates at the board’s December meeting. The positive jobs report that was released following Yellen’s remarks caused many observers to say that the Federal Reserve’s first interest rate increase in almost a decade is practically inevitable.

However, there are several reasons to doubt that the Fed will increase rates anytime in the near future. One reason is that the official unemployment rate understates unemployment by ignoring the over 94 million Americans who have either withdrawn from the labor force or settled for part-time work. Presumably the Federal Reserve Board has access to the real unemployment numbers and is thus aware that the economy is actually far from full employment.


Save The Apologies, Just Stop Promoting War!


Posted on 2nd November 2015 by Administrator in Economy

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Usually when politicians apologize it’s because they have been caught doing something wrong, or they are about to be caught. Such was likely the case with former British Prime Minister Tony Blair, who recently offered an “apology” for the 2003 invasion of Iraq. Blair faces the release of a potentially damning report on his government’s conduct in the run-up to the 2003 US/UK invasion of Iraq.

Similarly, a batch of emails released from the private server of former Secretary of State Hillary Clinton show Blair pledging support for US military action against Iraq a full year before the decision to attack had supposedly been made. While Prime Minister Blair was assuring his constituents that he was dedicated to diplomacy in the Iraq crisis, he was communicating through back channels that he was ready for war whenever Bush decided on it.

A careful observer of public opinion, Blair took the surprising step of “apologizing” for the Iraq war during an interview on CNN last month.

However, there are two other characteristics of politicians’ apologies: they rarely take personal blame for a misdeed and rarely do they atone for those misdeeds.


House Benghazi Hearings: Too Much Too Late


Posted on 26th October 2015 by Administrator in Economy


Last week the US House of Representatives called former Secretary of State Hillary Clinton to appear before a select committee looking into the attack on a US facility in Benghazi, Libya, in 2012. The attack left four Americans dead, including US Ambassador to Libya, Chris Stevens.

As might be expected, however, the “Benghazi Committee” hearings have proven not much more than a means for each party to grandstand for political points.

In fact, I would call these Congressional hearings “too much, too late.”

Four years after the US-led overthrow of the Libyan government – which left the country a wasteland controlled by competing Islamist gangs and militias – the committee wants to know whether Hillary Clinton had enough guards at the facility in Benghazi on the night of the attack? The most important thing to look into about Libya is Hillary Clinton’s e-mails or management style while Secretary of State?


Debt Ceiling Debate: Don’t Mention Warfare/Welfare State!


Posted on 18th October 2015 by Administrator in Economy

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The US Treasury’s recent announcement that the government will reach the debt ceiling on November 3 means Congress will soon be debating raising the government’s borrowing limit again. Any delay in, or opposition to, raising the debt ceiling will inevitably be met with hand-wringing over Congress’ alleged irresponsibility. But the real irresponsible act would be for Congress to raise the debt ceiling.Cutting up its credit card is the only way to make Congress reduce spending. Anyone who doubts this should listen to the bipartisan whining over how sequestration has so drastically reduced spending that there is literally nothing left to cut. But, according to the Heritage Foundation, sequestration has only reduced spending from $3.6 trillion to $3.5 trillion. Only in DC would a less than one percent spending reduction be considered a draconian cut.

Defense hawks have found a way around sequestration by shoving billions of dollars into the Overseas Contingency Operations (OCO) account. OCO spending is classified as “emergency” spending so it does not count against the spending limits, even when OCO is used for items that do not fit any reasonable definition of emergency.


Politicians Exploit School Shooting While Ignoring Bombing Victims


Posted on 12th October 2015 by Administrator in Economy

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undefinedFollowing the recent Oregon school shooting, many politicians rushed to the microphones to call for new gun control laws. President Obama even called on gun control supporters to “politicize” the shooting, while some members of Congress worked to establish a special commission on gun violence.

The reaction to the shooting stands in stark contrast to the reaction to the US military’s bombing of an Afghanistan hospital run by the international humanitarian (and Nobel Peace Prize winning) group Doctors Without Borders.

Our Nobel Peace Prize winning president did apologize to his fellow Nobel laureate for the bombing. However, President Obama has not “politicized” this tragedy by using it to justify ending military involvement in Afghanistan. No one in Congress is pushing for a special commission to examine the human costs of US militarism, and the mainstream media has largely ignored Doctors Without Borders’ accusation that the bombing constitutes a war crime.

The reason for the different reactions to these two events is that politicians prefer to focus on events they can “politicize” to increase government power. In contrast, politicians ignore incidents that raise uncomfortable questions about US foreign policy.


I Wish Nobody Was Bombing Syria

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Posted on 5th October 2015 by Administrator in Economy

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The US regime change policy for Syria has been a catastrophe. More than 200,000 killed and an entire country reduced to rubble at least partly because President Obama decided that “Assad has lost his legitimacy.” How is it that the president of a country 6,000 miles away has the authority to decide whether another leader belongs in office or not? What if Rouhani in Iran decided that Obama had lost his legitimacy for killing a number of American citizens by drone without charge or trial? Would we accept that?

At least three years of US efforts to train rebels to overthrow the Syrian government has produced, as General Lloyd Austin, Commander of US Central Command, testified last month, “four or five” trained and vetted “moderates” in Syria. The $500 million appropriated for this purpose has disappeared.

The neocon solution to this failure to overthrow Assad and “degrade and destroy” ISIS is to increase the bombing and lead a ground invasion of Syria. The confusing policy of fighting Assad and also fighting his enemies does not seem to bother the neocons. They want us to forget all about their recent failures in Libya and Iraq and to try the same failed strategy one more time.


Ron Paul: Presidential Election Is Entertainment “Orchestrated by Major Media”


Posted on 3rd October 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Nick Bernabe

(ANTIMEDIA) San Diego, CA — Former congressman and presidential candidate Ron Paul has unloaded a harsh criticism of the 2016 presidential election. Appearing on RT’s Boom and Bust show Thursday, Paul commented on the media’s control of the U.S. electoral process, Donald Trump’s candidacy, and the stock market. Some of his harshest comments came when Ron Paul was addressing the media’s role in the 2016 presidential elections: “I think some of this stuff in the presidential race is orchestrated by the major media — and it’s entertainment,” he said.

Former Congressman Ron Paul, who ran for president in 2012, has some first-hand insight into the media’s role in the electoral process. In one of the 2012 Republican presidential debates, Paul famously received only 89 seconds to speak throughout the duration of the discourse. Paul’s candidacy — despite massive grassroots support — was mostly ignored by the mainstream media, reinforcing his assertion that the media “orchestrates” the election.

Proof comes from history, and as we look back at the 2012 Republican primary for answers, one simple fact slaps us in the face: One candidate was shown overwhelming favoritism while another candidate was essentially silenced.

According to a research paper from the University of Minnesota’s Smart Politics,

“… Mitt Romney received nearly five minutes more speaking time per debate above his proportional share [in the polls], while no other GOPer ended up with a net bonus of even one second for the debate season.”

The paper continued,


Congress and the Fed Refuse to Learn From Their Mistakes


Posted on 28th September 2015 by Administrator in Economy |Politics |Social Issues


This month marks the seventh anniversary of the bursting of the housing bubble and the subsequent economic meltdown. The mood in Congress following the meltdown resembled the panicked atmosphere that followed the September 11th attacks. As was the case after September 11th, Congress rushed to pass hastily written legislation that, instead of dealing with the real causes of the crisis, simply gave the government more power.

Just as few understood the role our interventionist foreign policy played in the September 11th attacks, few in Congress understood that the 2008 meltdown was caused by the Federal Reserve and Congress, not by unregulated capitalism. Not surprising to anyone familiar with economic history, the story of the 2008 meltdown starts with the bursting of the Fed-created tech bubble.

Following the collapse of the tech bubble, the Fed began aggressively pumping money into the economy. This money flooded into the housing market, creating the housing bubble. The Bush Administration and the Republican Congress also added fuel to the housing bubble. These so-called “free-market” conservatives expanded federal housing programs in hopes of creating an “ownership society.”