Archive for May, 2010

Fed-busters Ron Paul and Alan Grayson on MSNBC

May 3rd, 2010 9:24 pm  |  by  |  Published in Activism, Banking, Big Government, congress, Debt, Economics, Federal Reserve, Free Market, government spending, inflation, Money, Ron Paul  |  14 Responses

Ron Paul and Alan Grayson appeared together on MSNBC earlier today to discuss the prospects for auditing the Federal Reserve and the banking reform bill being debated in the Senate right now.

This effort illustrates the ability of Ron Paul’s message to resonate with principled progressives and principled conservatives. When Jim DeMint, Alan Grayson, and socialist Bernie Sanders are on board it doesn’t get more trans-partisan than that.

Comments on HR 2499, the Puerto Rico Democracy Act of 2009

May 2nd, 2010 10:52 pm  |  by  |  Published in congress, Federal Reserve, government spending, inflation, Jake Towne, Liberty, Money  |  18 Responses

Originally published May 3, 2010 at http://towneforcongress.com/economy/comments-on-hr-2499-the-puerto-rico-democracy-act-of-2009-1

HR 2499, the Puerto Rico Democracy Act of 2009, passed the House last week by a vote of 223-169.  If the bill passes the Senate and is signed by the President, this will authorize a two-stage public vote on the future political status of Puerto Rico (application to Congress for statehood, independence, or continue current status as a territory).  As your future Congressman, I will do my best to provide my views to you on how and why I would have voted on all House floor bills, which is more accountable than the incumbent in most cases who has no intention of following the Our Open Office plan I have proposed.  As always, feel free to leave your comments below.  (Here is a video of my comments.)

As with most congressional decisions these days, this decision is not only somewhat hasty and not transparent to the public, but irresponsible as the most critical decisions that need to be made involve massive cuts to federal spending, a withdrawal of overseas military personnel, and a new strategy to address suicide terrorism.  America must act now to avoid a currency crisis and to avoid the upcoming chaos to government-sponsored safety nets of Medicare and Social Security.

Regardless of the results of any vote in Puerto Rico, Congress must vote to approve statehood per the Constitution.  However, there is a list of questions and comments that I take issue with.    Read More »

One Step Closer to the End of the Yellow Brick Road

May 2nd, 2010 1:50 pm  |  by  |  Published in Big Government, gold, Jake Towne, Liberty, Politics, precious metals, silver  |  1

“She was so old that she dried up quickly in the sun… But the silver shoes are yours, and you shall have them to wear.” – the Witch of the North, from Frank Baum’s 1900 “Wonderful Wizard of Oz” (p. 6/72)

Originally published May 2, 2010 at http://towneforcongress.com/economy/one-step-closer-to-the-end-of-the-yellow-brick-road-1

Well, Technicolor changed the unforgettable color of Dorothy’s shoes from silver to ruby red, but Baum’s work had multiple interpretations, including an allegory for sound money.  The silver shoes danced on the “yellow brick road” made of solid gold to the Emerald City of Oz, where everything seen was faked through green classes (the greenback or dollar) run by the little man behind the screen (the FED/Congress).

After watching the Chinese develop a voracious appetite for gold and silver over the last year before I left China to return home and run for U.S. Congress, one of the strange things I noticed after returning stateside was the non-stop newspaper and TV ads for unwitting citizens to bring in their gold and be paid a fraction of their worth.  It was so bad that even The Onion picked up and satirized the whole event, suggesting the US government could pay off the national debt by selling our gold for irredeemable dollars.   Read More »