Hackers have exposed emails from the CRU (Climatic Research Unit) at the University of East Anglia. These emails reveal shocking things. And what we’re learning should cause us to pause, instead of rushing through the cap and trade bill.
Here is Ron Paul’s appearance on the Glenn Beck show with Judge Napolitano hosting the show. It must be hard to be so right most of the time. Has the time come for a true Federal Reserve Audit?
Paul mentions something that was announced in a press release earlier today. Jim DeMint is blocking the re-confirmation of Ben Bernanke as Fed Chair until there is a clear up or down vote on S.604, the Senate version of Paul’s HR.1207 Fed Audit bill.
Below Paul’s video is the video of DeMint questioning Bernanke today during the confirmation hearing.
Ron Paul is scheduled to be on just about every news network today. Following up his earlier appearance on CSPAN Washington Journal. He appeared on MSNBC earlier, CNNMoney has a video interview posted as well. Later he is scheduled to be on CNN’s Situation Room with Wolf Blitzer, Glenn Beck’s show hosted by Judge Napolitano, and on MSNBC again for The Ed Show at 6:15pm.
We’ll post all of these once they are available. For now you can watch Paul’s MSNBC appearance from this morning and the CNNMoney interview below.
Ron Paul appeared for about 37 minutes on CSPAN’s Washington Journal this morning to discuss Ben Bernanke’s confirmation hearings and several other caller-provided topics.
Included among the questions was a more in depth answer as to whether Paul will run in 2012. Enjoy it below in the embedded playlist.
James Madison, Father of the Constitution, wrote in Federalist 62: ““It will be of little avail to the people that the laws be made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood.” http://www.constitution.org/fed/federa62.htm
Madison was right. What’s the point in electing members of Congress at all, if they don’t even understand the bills they pass?
Some say that RTBA is “impractical” in our modern, complex economy. But it’s only impractical if Congress’s goal is to pass as much legislation as possible. But Congress’s purpose should be to protect our lives and liberty under the Constitution, which would actually mean less legislation, not more.
by John Browne – Senior Market Strategist, Euro Pacific Capital
In recent days, world attention has focused on the potential debt default of Dubai World, the main government-owned corporation in the emirate of Dubai. The transformation of the city-state from a Persian Gulf backwater into the glittering financial capital of the Middle East can only be fully appreciated by those who watched it grow over the last 15 years. But as palm-shaped islands sprouted and spires shot up into the clouds, few spectators realized that Dubai was constructing the perfect metaphor of the 21st century economy: a mirage built on debt.
Dubai was put on the global economic map by Sheikh Rashid al Maktoum, father of the current ruler. Known as “the Fox,” the Sheikh shunned outward flamboyance and focused his energy on improving the lot of his kingdom.
I first met the Sheikh in 1972, as Director of Middle East Operations for a London-based merchant bank. Back then, Dubai was nothing more than a desert settlement beside a beautiful, deep-blue port. But the Sheikh was a real frontiersman, like the settlers of America’s Wild West – with shrewd business acumen built over a lifetime of hard knocks. He surrounded himself with wise advisors from Britain and the Western World, and sought to build a strong capitalist economy on top of the natural oil wealth.
This is a few days old, but it is so worth your time if you missed it. Robert Higgs dresses down Bernanke’s arguments against the Ron Paul audit effort in classic Higgs fashion.
And about this “economic and financial stability in the United States” that a Fed audit would threaten: Is Bernanke thinking about the stability we enjoyed between the world wars, when the Fed managed to bring about the onset on what proved to be the greatest depression in world history (an accomplishment for which he has previously accepted responsibility on behalf of the Fed)? Or perhaps he is thinking instead about the stability we enjoyed since 2001, when the Fed pushed the Fed funds rate quickly from 6.5 percent to 1 percent, held it at a negative real rate for several years, then pushed it up quickly to 5.25 percent in 2006-2007, then shoved it down quickly to almost zero in the past year? Zounds. It would certainly be tragic if the American people had to give up such remarkable stability. Or perhaps he is thinking about the fact that before the Fed was created, the dollar had retained its purchasing power more or less constant for more than a century, except for transitory war-related ups and downs, but since the Fed’s creation, the dollar has lost more than 95 percent of its purchasing power. Who calls this degree of debasement stability? Yes, it’s more stable than Zimbabwe’s currency. Bravo, Fed: you’ve yet to generate hyperinflation. But you may still do so before the present mess is completely washed away.
Let’s get serious. If the Fed is known for anything historically, it is for first pushing the monetary accelerator to the floor, then stomping on the monetary brake. To praise this outfit for its contribution to financial and economic stability is akin to praising Josef Stalin for his commitment to human rights.
Ron Paul appeared on Fox Business News earlier today to discuss Obama’s decision last night to continue the Bush efforts of fighting them “over there”. As usual, he speaks the truth in the face of the propagandists.
(Thanks once again the the great Minnesota Chris for the video)
Liberty Maven
by John Browne – Senior Market Strategist, Euro Pacific Capital
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