By Ron Paul
I sat down with Fox Business this morning to discuss Donald Trump's campaign along with Hillary's carelessness with her emails and if they had anything to do with the execution of a purported US asset in Iran. Catch my thoughts below:
Did Hillary's carelessness with her emails have anything to do with the execution of a purported US asset in Iran? And what about that $400 million - was it a ransom or just standard US operating procedure?
By Ron Paul
Last Friday saw the release of a bombshell jobs report, with headlines exclaiming that the US economy added over 250,000 jobs in July, far in excess of any forecasts. The reality was far more grim. Those “jobs” weren't actually created by businesses – they were created by the statisticians who compiled the numbers, through the process of “seasonal adjustment.” That's a bit of statistical magic that the government likes to pull out of its hat when the real data isn't very flattering. It's done with GDP, it's done with job numbers, and similar manipulation is done with government inflation figures to keep them lower than actual price increases. In reality there are a million fewer people with jobs this month than last month, but the magic of seasonal adjustment turns that into a gain of 255,000.
Delving further into the jobs report, we see that many of the jobs that were supposedly created were jobs in government and health care. Government jobs, of course, are paid for by siphoning money away from taxpayers. And health care jobs are increasingly created solely because of the ever-growing mandates of Obamacare. Other major sources of job growth were temp jobs and leisure & hospitality (i.e. waiters and bartenders). These aren't long-lasting jobs that will contribute to economic growth, they are mostly just jobs that cater to the tastes of the well-to-do who continue to benefit from the Federal Reserve's easy monetary policy.
As New York, San Francisco, Washington, DC, and other political and financial hubs continue to benefit from trillions of dollars of debt-financed government spending and the trillions more dollars the Federal Reserve has created from nothing, the politicians, lobbyists, and bankers who receive that money demand ever more exotic food, drink, and entertainment. The jobs that arise to satisfy that demand, we are supposed to believe, are the backbone of the job market “recovery.” Yeah, right.
Eight years after the worst part of the last financial crisis, the US economy still has not fully recovered. The number of people employed may have finally begun to grow past its pre-crisis peak but the quality of jobs has deteriorated, and the number of people who are still looking for jobs or who have even given up looking for jobs and dropped out of the labor force still numbers in the millions and shows no signs of shrinking. Quantitative easing, zero or negative interest rates, and other inflationary central bank policies cannot lead to lasting job creation or economic growth. Try telling that to the central bankers, though. They only care about aggregate numbers, not what is actually behind those aggregates. A castle built of sand is the same to them as a castle built of stone.
Until the notion that wealth and prosperity can come from a printing press is eradicated from the thinking of policymakers, economies around the world will remained mired in this malaise. Jobs are created by meeting consumer demand. If you provide the goods and services that customers want at the price they want, your business will grow, jobs will be created, and everyone in society will be better off.
If, on the other hand, jobs are created through government money creation and heavily protectionist laws and regulations, those jobs will not meet the needs of consumers, will add nothing to productivity, and ultimately will not last. When politicians pursue policies that incentivize jobs like the latter to those of the former, economic stagnation is the unfortunate but predictable result.
By Chris Rossini
Is the world economy a giant Rube Goldberg machine for the power elites? Are the rest of us just cogs in a wheel that need to be pushed and prodded with "policies" to get the results that the power elites want? They certainly believe so.
We read in the New York Times:
Economic growth in advanced nations has been weaker for longer than it has been in the lifetime of most people on earth....It increasingly looks as if something fundamental is broken in the global growth machine...
Why should any individual care about something called "economic growth"? Answer: we shouldn't. The economy as a whole is nothing but an abstraction. It's an amalgamation of millions and millions of individual decisions that take place every second of the day. Since we only have power over our own decisions, "economic growth" is completely meaningless.
Ahhh, but central planners are cut from a different cloth. They see themselves as captains of the economy. Each individual is but a cog in the wheel that's supposed to crank out "growth" for the economy as a whole. These self-proclaimed captains believe that they can push and prod the cogs with violent force (they use the term "policies") in order to generate that "growth."
When there is no "economic growth" the captains start to worry. Are they following the wrong mathematical formula? Is there something wrong with the "machine"?
The reality of life couldn't be more different than the contraption that the central planners have erected in their minds.
In reality, each individual is free to grow, not grow, stagnate, or recede as he or she pleases. We are the captains of our own ship. If we want to produce, (or not produce) it's our own prerogative and decision to make. No matter which direction we choose, we must live with the results of our own choices.
We can be as productive as we want and as disciplined as we want. We can satisfy consumer desires on a large scale, or small scale. If we desire riches,
we must intensely identify what consumers desire most and provide it to them profitably. There is absolutely no need for some ivory tower PhD to lecture us about, or implement, a bunch of policies that involve government force or regulation.
There is no such thing as a "global growth machine". Humans are not robots that must be programmed by other humans to produce "growth". Rather we are dynamic choosing individuals who have free will to chart our own courses. We can change our minds in a split-second as to which course to take.
Why does the central planner focus so intently on "economic growth"? Well, they need growth in order to finance their warfare and welfare projects.
Central planners, who produce absolutely nothing, make promise after promise in order to obtain their power. They imagine themselves as having the ability to cure every ill by stealing someone else's property and redistributing it. They imagine running the world militarily and having the entire globe live as the central planners think they should live.
In order to steal from (A) and redistribute the hot money to (B), it is (A) that must produce something first.
This is why the planners focus on "economic growth". When there is no growth, the promises that were made to an ever growing number of people living off government begin to pile up.
Those living off government start to get restless. More promises and FREE stuff is demanded. Fictional "rights," like a "right to healthcare" and "right to a college education" are wished into being.
The U.S. government has already passed the point of no return in being able to fulfill all of these demands. The government can't possibly fulfill all the financial "benefits" that have already been promised in the future.
In fact, the government struggles and continues to pile more and more debt just to fulfill the promises that are due today!
When there's no "growth," the parasites overwhelm the host. Parasitism is a poor philosophy for a group of people to adopt. If there's one thing that the history of governments should have taught us, it's that living off the fruits of another person's labor is unsustainable.
Unfortunately, there are always people who lust for power and the ability to dole out unearned gifts. Likewise, there's never a shortage of people who desire unearned gifts.
Ultimately, every government "growth machine" breaks down. The central planners always lose. No exceptions. The U.S. version is on track to repeat history once again.
No growth? Not our problem.
Give our liberties back, and leave us alone!
By Norm Singleton
Suicide Squad, the latest entry from DC Cinematic universe opens this week. Since this movie features several villains from Batman's "rogue gallery" and Batman makes a cameo appearance, TSA agents are no doubt stepping up their efforts to stop the latest threat to passenger safety: Batarangs.
That's right, TSA has been warning wanna-be Batmans not to try to bring their Batarangs on a plane.
The Hollywood Report has details:
Last week, someone tried to take a trio of the Batman weapon onboard a plane at San Francisco International Airport, according to the TSA.
Read the whole story (and see some cool images of the confiscated Batarangs here.
No word on whether the TSA is also banning Bat Shark Repellent.
This article was originally published at Campaign for Liberty.
We've lived through the illusionary "good times" of the Nasdaq and housing bubbles. They were followed by inevitable and heart-wrenching crises. Well the government and Federal Reserve have created another major bubble in government bonds. Today on Myth-Busters Ron Paul takes a look at how it came to be, what we can expect, and how we can protect ourselves.
Sen. John McCain (R-AZ) has spent the better part of three decades promoting wars overseas and the decimation of our civil liberties at home. The powerful Senator seemed unstoppable, until now. We'll chat with Dr. Kelli Ward in today's show to see why she wants to send McCain into retirement.
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By Ron Paul
Due to recent Wikileaks revelations, we now know that Hillary Clinton deliberately and blatantly lied to my son Senator Rand Paul when he asked her if about weapons going to ISIS in Syria. Will Hillary continue to get off scot-free? I discuss this issue below:
An internal IMF investigation found that Managing Director Christine Lagarde mishandled the Greek crisis, making sure the banks were bailed out and the Greeks given austerity. She faces a slap on the wrist if found guilty. The scandal brings again to light the fact that international organizations like the IMF serve the world elite, not the 99 percent.