Ron Paul, former Congressman and host of The Liberty Report discusses with Michelle Makori, Editor-in-Chief of Kitco News, the possible outcomes of the war in Ukraine, the war's impacts on the dollar, and how U.S. relations with China would be affected.
Every artificial economic boom created by The Fed must have an economic bust. Manipulating interest rates lower creates distortions in the economy. A return to reality exposes those distortions and forces their liquidation. The Fed gives us a roller-coaster economy and destroys the value of the dollar. It's time to End The Fed.
By Ron Paul
As the Russian invasion of Ukraine moves past its third week, there are slight hopes that negotiations between the two sides may soon produce a ceasefire. But with the shrill warmongering talk in Washington, it almost seems like the US government would hate to see that happen.
Congress and the US Administration seem determined to drag the United States into a war with Russia over Ukraine. Senator Lindsay Graham is openly calling for someone to kill the Russian president and many in the US House have demanded that the Administration establish a “no-fly zone” over Ukraine.
Are they insane? A no-fly zone means you destroy anything and everything that can prevent total US air dominance. That means an attack on Russian missile and air defense systems within Russia. In other words, World War III.
We can all feel disgust at the destruction in Ukraine, but is it really necessary for us to gamble with our own nuclear annihilation?
Sadly, a large bipartisan group in Congress seems to think so.
Much of what is happening in Ukraine can be traced back to the Obama Administration. State Department officials like Victoria Nuland and Antony Blinken planned and executed the overthrow of the Ukrainian government in 2014. This is what set us on this path to conflict, as the government put in place after the coup began demanding NATO membership.
Blinken, Nuland, and the others responsible for this heinous act returned to government in more senior positions under President Biden and they have continued to push their Ukraine agenda.
Last week Secretary of State Blinken - our top diplomat – sought to send Soviet-era Polish fighter jets into Ukraine to shoot Russians. When the Poles said they’d be happy to ship the planes to a US base in Germany and let the Pentagon transfer them to Ukraine, the Pentagon finally stepped in to quash an extraordinarily high-risk move that even the Pentagon said would have no real effect on the outcome of the war.
The State Department is trying to get us into a war and the Pentagon is trying to keep us out. How ironic!
Back when I was on the campaign trail I would say that we have a few thousand diplomats in government, it might not be a bad idea to use them. But I certainly did not mean that we should use them to try and get us further involved in a war!
Three weeks into this terrible war, the US is not pursuing talks with Russia. As Antiwar.com recently reported, instead of supporting negotiations between Ukraine and Russia that could lead to a ceasefire and an end to the bloodshed, the US government is actually escalating the situation which can only increase the bloodshed.
The constant flow of US and allied weapons into Ukraine and talk of supporting an extended insurgency does not seem designed to give Ukraine a victory on the battlefield but rather to hand Russia what Secretary of State Blinken called “a strategic defeat.”
It sounds an awful lot like the Biden Administration intends to fight Russia down to the last Ukrainian. The only solution for the US is to get out. Let the Russians and Ukrainians reach an agreement. That means no NATO for Ukraine and no US missiles on Russia’s borders? So what! End the war then end NATO.
The Trump plan to bring troops home from Europe has undergone a "miraculous" turnaround, with the war in Ukraine being used as an excuse for a massive new influx of US soldiers to Germany and points eastward. Meanwhile, billions more are being spent to send weapons to Ukraine (where they are likely blown up, only to be replaced with more shipments). War is big business for the Beltway.
As President Biden tries to pin blame elsewhere on the rip-offs at the gas pump, the fact remains that the policies of his administration are the chief culprit. Yes, his administration has had some help, primarily from the counterfeiting Federal Reserve, but whether it's through domestic policies or the foreign policy of empire, the Biden Administration has hit American wallets where it hurts.
Sen. Mitt Romney (R-UT) has labeled former US Rep. Tulsi Gabbard a "traitorous liar" over Gabbard's suggestion that the US should work with Russia toward a ceasefire in Ukraine with a focus on protecting the US Defense Department-funded biolabs scattered around that country. This even though the US Administration itself admitted the labs' existence and the potential danger posted by them. Apparently speaking the objective truth is "Russian disinformation" to Washington's pro-war cult. Also today: Rand Paul seeks to clip Fauci's wings, Pelosi gives an economics lesson, and Germany goes ga-ga over the F-35.
The idea that The Fed could make dollars that they can counterfeit "as good as gold" was always a fairy tale. The idea that the Fed would create a "stable" currency was always a fairy tale. The idea that the Fed could "run" the economy, or prevent recessions and depressions was always a fairy tale. The Fed destroys the economy and brings about depressions. All fairy tales must come to an end. But what will replace it?
With prices skyrocketing, the expected finger-pointing has arrived. While there's plenty peripheral blame that is certainly warranted, problems are not solved by tinkering with the periphery. You solve problems by going directly to the source.
The root source of inflation is always The Federal Reserve, for it has the unconstitutional power of counterfeiting dollars out-of-thin-air. Until this immoral practice is addressed and forbidden, the problems of inflation will never be solved.
First it was $6 billion, then Biden made it $10 billion, then the US House upped the ante again: more than $13 billion US taxpayer dollars will be shipped to Ukraine. As Americans are ravaged by inflation at the supermarket and skyrocketing gasoline prices, will they still cheer for their money being sent overseas? Also today, it's the Pentagon vs. the State Dept. on escalating in Ukraine. Guess who's most hawkish?
After all the "fact check" organizations assured us it was "Russian disinformation" and "fake news," US Assistant Secretary of State Victoria "F the EU" Nuland admitted the existence of biolabs in Senate testimony and stated that the US was working with Ukraine to keep the "research" at those labs from falling into Russian hands. Also today: the bizarre Polish jet fighter saga, political persecution of a Jan. 6th protester, and Florida OKs off-label treatments for covid.