“Our Constitution, which was intended to limit government power and abuse, has failed,” declared Rep. Ron Paul.
The good doctor delivered his valedictory speech on the floor of the House Wednesday afternoon. At first, the Republican House leadership — in a final, spiteful attempt to shut him up — could not find room in the schedule.
Then President Obama decided to hold his first press conference in God-knows-when… and the powers-that-be decided it was safe to let Dr. Paul speak at the same time. He’d only be on C-SPAN. The cable news channels wouldn’t “dip into” his speech as a “Developing Story” and expose his message to the masses.
Of course, in the Internet age, the message got out anyway. Right-wingers like Drudge and lefty sites like Raw Story both thought it newsworthy.
“One needn’t agree,” wrote Conor Friedersdorf at The Atlantic, “with the premise of every question [that he posed] to conclude that the United States — and especially its most unjustly treated citizens — would be better off if more legislators were grappling with them.”
After the speech, Dr. Paul repaired to his office… and a meeting with Addison.
Ron Paul is retiring from Congress… but not from the public eye. He will deliver lectures on college campuses. And he’s talking with Addison about how to creatively counter Federal Reserve propaganda.
“Next year marks the centennial anniversary of the Federal Reserve Act,” Addison reminds us. Expect a barrage of messages to the effect that were it not for the brilliance and munificence of the Fed, we’d still be communicating in Morse code, getting from place to place on horseback and transacting business with a gold-backed currency. Perish the thought.
“To this day,” Addison says, “most people don’t know anything about the Fed, how it was created or what it does, if they are aware of its existence at all.” There’s a cottage industry of Fed criticism… but it’s overwhelmed with economic crankery – e.g., films like Zeitgeist.
With that in mind, Addison met with Dr. Paul Wednesday afternoon to kick around a few ideas about how to raise awareness. Joining them were a few other folks in our circle, including Laissez Faire Books’ Jeffrey Tucker – who conducted a brief interview
“I think interest rates will go up,” Dr. Paul told Jeffrey, “but it won’t be because Bernanke decided they’ll go up. They’ll go up because the market has decided we need a little inflation protection… or foreigners won’t buy as much debt.”
The interview also touches on the feds’ growing and ominous “war on cash”. Click on the image below to watch the whole thing…
Who knows what these musings might lead to? But whatever it is, we’ll keep you posted as the Fed centenary infects the public consciousness over the next 12 months.
Dave Gonigam has been managing editor of The 5 Min. Forecast since September 2010. Before joining the research and writing team at Agora Financial in 2007, he worked for 20 years as an Emmy award-winning television news producer.
Panopticon goggles? Severe market panic in 2018? Gold confiscation by 2020? Jim Rickards' shocking thought-piece in the spirit of A Brave New World or 1984. Click to see how markets, economics, your money, gold, privacy, wealth building and more look a decade from now in the year 2024...
I believe we are in the midst of one of the greatest profit opportunities you’re ever going to see in your lifetime. Stop listening to what the government is telling you. Turn off CNN. Forget what you see on the news. And for God’s sake, forget about the market crashing. Right now, we are in the early innings of the greatest profit opportunities of the 21st century. A biotech boom that’s about to hit epic proportions thanks to Ebola. If I’m right, we are going to see Ebola in New York, Los Angeles, San Francisco and Miami. And when this happens, every single stock that has anything to do with Ebola is going to soar. Let me explain to you how I believe this huge Ebola bubble is going to unfold.
Right now we’re seeing a surge of strength in the U.S. dollar, as the bottom falls out of our competitors’ currencies, and Jim Grant has the best analysis of what it means for investors. For one, it means the Federal Reserve can’t keep interest rates low forever. And mainstream investors may be very surprised when the Fed gives in…
Another one of Wall Street’s broken forecasts has plopped a new trade in your lap. If you’re listening to the lunatics on the financial news, you’re hearing that there’s no hope for the markets. Just get rid of your stocks and pound sand. Better safe than sorry—none of these talking heads want to get bullish on anything right now because they’re afraid to look like an idiot if the market keeps dropping. For them, selling stocks now is your only chance to make it to the end of the year without pawning the family cat to buy Christmas presents. Can the market survive? Greg Guenthner explains…
Breakthrough technologies can hold the most undiscovered money-making potential. What we’ve accomplished in a quarter century with cancer research could make you serious money and save countless lives. Ray Blanco has more on this ground breaking story...
On Oct. 6, 2014, Jim Rickards was interviewed by Bloomberg TV for his thoughts on gold, currency manipulation and the overall strength of the global economy. Watch the entire interview for yourself, right here...