Here is a transcript of Ron Paul’s farewell address to Congress, originally sourced from the Campaign for Liberty. Farewell to Congress This may well be the last time I speak on the House Floor. At the end of the year I’ll leave Congress after 23 years in office over a 36 year period. My goals [...]
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What is Freegold? Or, Can the Debt Grow Forever?
I recently read a great post over at FOFOA, titled “The Debtors and the Savers 2012“. I’ve been reading a lot of FOFOA lately, and learning more about the “Freegold” thesis. The essence of the thesis, as I understand it, lies in the following chain of events: The U.S. economy is currently running massive deficits, [...]
Midweek Reading: Exorbitant Privilege Edition
I’ve been reading some really interesting posts on FOFOA’s blog, namely Inflation or Hyperinflation? and Peak Exorbitant Privilege. These posts go over the banking system, the role of the US dollar in the world economy, and the gradual withdrawing of political and ancillary support from the USD as the world’s reserve currency. Based on the latest numbers, the [...]
Ron Paul: The One True Hope for Change in 2012
It’s now 2012, and the United States will elect a new president to run the (still) most powerful country in the world. It’s now been nearly four years since the eve of the ongoing global financial troubles, and I am very interested in how this election is going to play out. Americans were promised hope [...]
Canada’s 2012 Budget: Does It Deliver, or is It Full of BS?
Canada’s Economic Action Plan 2012 is out! Did the new budget cut as much as some people feared? Did it cut enough? Are we on a path toward sustainable government and responsible spending levels? Read on and find out more. First, to get an idea of what Canada’s spending is like, let’s review actual spending [...]
Should You Worry About Gold Confiscation?
Are you worried about the government coming in and outlawing private gold possession again? After all, it wouldn’t be the first time they had done so — the same was done by the FDR government, back in the Great Depression. As the global economy gets worse, and as private capital flows to alternative currencies such [...]
The Role of Money in the Financial Crisis
There is an interesting post by Jeffrey Tucker on the Mises Institute of Canada about the ongoing “crisis of capitalism”. If one is talking about the current world economic order, then there is indeed a crisis going on, but it all depends on how you define the word “capitalism”. Jeffrey writes, “What’s most interesting is [...]
The Bank of Canada Stays Put on Low Interest Rates
For the 10th time in a row, the Bank of Canada has decided to stay put on interest rates. This is a good move for those who decided to go variable a couple years back instead of a rip-off five-year fixed. It’s not such good news for savers and people on fixed incomes. One of the [...]
Did Germany Just Screw over the Rest of the World?
So, once again, central banks coordinated to “save the world”. Or, did they? Martin Sibileau, writing at the Mises Institute of Canada, shares these thoughts: “Rather than liquidate those banks that were forced to hold sovereign debt (yes, forced!), generating a formidable credit crunch, the big global banks that had these unfortunate banks as counterparties, [...]
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