No matter where you look, the desire for the Fed to print, Print, PRINT, is intense! The president wants it, the Socialists want it, debtors want it...The consequences of this madness are more than predictable. Great Inflation awaits, and the only thing that stands in the way is an amount of time that no one can precisely predict. The Fed must go! Sound money needs to be ushered in.
By Liberty Report Staff
The US government claim that US sanctions do not affect medicines and humanitarian assistance to Iran is a bold-faced lie. They make the manufacture of medicines in Iran nearly impossible and they make the cost of medicines beyond the reach of Iranians by disrupting the supply chain of raw materials. US sanctions policy kills innocents under the guise of being "humanitarian."
Get your tickets to the Ron Paul Institute Washington Conference on August 24th: RonPaulInstitute.org/Conference
[Editor's note: The following is an essay from a student of the Ron Paul Curriculum]
Now, arriving at the end of my fourth year in high school with the Ron Paul Curriculum, I just had to fill out a report card on my own. Unlike a conventional report card, this one was not meant to give you an A+ in calculus, a B in US history, and so on. It was not about grades in specific courses: it would be hard for students to judge that on their own. Instead, I had to consider my improvement, from 9th grade through 12th grade, in terms of skills: how had my reading speed increased or decreased? What about my speed and accuracy in math? How many hours was I working per day? Was I better able to focus? How many hours per week was I devoting to leisure time? It was these sorts of questions that I had to consider, and some of them were hard to answer – for example, I do not know exactly what my reading speed was at the start of 9th grade, so I could not make an effective comparison. Still, if I were asked, “What is the most important skill you developed in high school?” I think I would have an answer. The most important skill I developed in high school is self-teaching.
Self-teaching is a broad term. It encompasses a myriad of other skills, notably time-management, self-discipline, focus, and so on. As my parents will tell you, I do not particularly shine in all of these areas. I still have serious trouble with time-management, getting things done in an allotted time. It is hard for me to force myself to sit down and follow a schedule every day. Nevertheless, I think four years of striving at this, fighting with it, have left a mark, even if only a small one. The unchangeable reality for me, over these four years, was this: if I do not do my work now, I will have to finish it later. There was no teacher to absolve me of my assignments, to make exceptions for my schedule. On the flip side, this meant there was no teacher to give me an F on an assignment I had procrastinated on – but it was up to me to come back later, finish the work, and try to produce A+ material on my own. And I hope this taught me some responsibility: I am accountable for my own work, for my own time. No one is there to tell me what to do, to force me to get things done.
Not only did I have to learn self-teaching in terms of responsibility, though, I also had to learn it in the sense of teaching myself new material. Especially with more advanced math and science courses, there was a point where my parents were no longer able to help me with my schoolwork. I had to make sure I learned and understood. The Ron Paul Curriculum video lessons were key resources for me; so were Khan Academy videos (particularly for AP Calculus BC, where they were my main course material). I took several AP exams, and we bought test prep books for those, but I had to work through the books on my own. I had to find supplementary resources on the Internet for specific training on how to tackle, for example, essay questions on the AP US History exam. I had to take practice exams – I actually took an AP Physics practice test during a four-hour road trip, which was not the most comfortable setting (who says homeschooling isn’t flexible?). And, insofar as standardized test results are a measure of mastery of material, it seems my self-teaching has been pretty successful.
This essay has contained a lot about me: what I did, and how I did it. I do not mean to boast. Daily, I am conscious of just how much I lack responsibility, how badly I manage time, how much I have left to learn. To be frank, it is still a struggle for me to go to bed early and wake up early. Yet I think what sets me apart from many other students, thanks to this curriculum which focuses so much on self-teaching, is this: I have tried. If I have not emerged victorious, I have at least started the battle. And through fighting the battle, I think I have learned – despite myself – important principles about responsibility and self-teaching. That is the most important skill I learned in high school, and for it, I am deeply grateful to my teachers, to my parents, and most of all to God.
By Liberty Report Staff
The 2011 US attack on Libya to "save the people" from Gadaffi was an entirely manufactured narrative with Hillary Clinton's weaponized State Department, a chief author of the lies. Libya's population continues to suffer endless war and terrorism from a US intervention that only benefited al-Qaeda and gun runners to Syria and beyond.
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With a peace agreement between the US and the Taliban nearly completed, will President Trump be able to do what his two predecessors were unable to do - end the US military's 18 year war on Afghanistan? Neocons at home are screaming that we must stay, Trump has promised a departure. And election season is heating up.
By Ron Paul
The Federal Reserve, responding to concerns about the economy and the stock market, and perhaps to criticisms by President Trump, recently changed course on interest rates by cutting its “benchmark” rate from 2.25 percent to two percent. President Trump responded to the cut in already historically-low rates by attacking the Fed for not committing to future rate cuts.
The Fed’s action is an example of a popular definition of insanity: doing the same action over and over again and expecting different results. After the 2008 market meltdown, the Fed launched an unprecedented policy of near-zero interest rates and “quantitative easing.” Both failed to produce real economic growth. The latest rate cut is unlikely to increase growth or avert a major economic crisis.
It is not a coincidence that the Fed’s rate cut came along with Congress passing a two-year budget deal that increases our already 22 trillion dollars national debt and suspends the debt ceiling. The increase in government debt increases the pressure on the Fed to keep interest rates artificially low so the federal government’s interest payments do not increase to unsustainable levels.
President Trump’s tax and regulatory policies have had some positive effects on economic growth and job creation. However, these gains are going to be short-lived because they cannot offset the damage caused by the explosion in deficit spending and the Federal Reserve’s resulting monetization of the debt. President Trump has also endangered the global economy by imposing tariffs on imports from the US’s largest trading partners including China. This has resulted in a trade war that is hurting export-driven industries such as agriculture.
President Trump recently imposed more tariffs on Chinese imports, and China responded to the tariffs by devaluing its currency. The devaluation lowers the price consumers pay for Chinese goods, partly offsetting the effect of the tariffs. The US government responded by labeling China a currency manipulator, a charge dripping with hypocrisy since, thanks to the dollar’s world reserve currency status, the US is history’s greatest currency manipulator. Another irony is that China’s action mirrors President Trump’s continuous calls for the Federal Reserve to lower interest rates.
While no one can predict when or how the next economic crisis will occur, we do know the crisis is coming unless, as seems unlikely, the Fed stops distorting the economy by manipulating interest rates (which are the price of money), Congress cuts spending and debt, and President Trump declares a ceasefire in the trade war.
The Federal Reserve’s rate cut failed to stop a drastic fall in the stock market. This is actually good news as it shows that even Wall Street is losing faith in the Federal Reserve’s ability to manage the unmanageable — a monetary system based solely on fiat currency. The erosion of trust in and respect for the Fed is also shown by the interest in cryptocurrency and the momentum behind two initiatives spearheaded by my Campaign for Liberty — passing the Audit the Fed bill and passing state laws re-legalizing gold and silver as legal tender. There is no doubt we are witnessing the last days of not just the Federal Reserve but the entire welfare-warfare system. Those who know the truth must do all they can to ensure that the crisis results in a return to a constitutional republic, true free markets, sound money, and a foreign policy of peace and free trade.
Trade war with US, Hong Kong protests showing no signs of slowing - is China on the verge of a collapse? If the collapse does come, what next? Are America's fingerprints on the protests, as China claims?