Senin, 31 Oktober 2011

How To Support Ron Paul (Display It Of Course!), American Thinker Post, and MF Global Sinks

(The following is a draft for a LewRockwell.com article)
A friend of mine sent me the above picture the other day.  This driver's passionate support of Congressman Ron Paul's run for the presidency shows a dedication unmatched by the proponents of opposing candidates.  Can you imagine a Chevy Suburban decked out in "Herman Cain for President" memorabilia?  How about a Toyota Prius with a "4 More Years of Obama" sticker that takes up the whole of the rear window?  Yet somehow the above sight is not out of the ordinary when considering the dedicated base of supporters Ron Paul has.

This following of course comes from Paul's steadfast belief and record of promoting liberty. While other presidential candidates pathetically slip on their own words attempting to defend their less-than-consistent records, Paul's integrity is without question.  This is why the establishment media hates him and continues to marginalize his candidacy at every chance. 

So what steps should Paul supporters take in promoting the only candidate willing to tell the truth no matter the cost.  Load up their vehicle with bumper stickers of course!  Sure, this tactic is obvious judging by left over "Obama/Biden 2008" stickers still dotting the cars of now disillusioned supporters of a president who is both a tool of Wall Street and whose foreign policy makes George Bush look like a pacifist.  But the placing of just one "Ron Paul 2012" bumper sticker holds larger implications than informing the tail-gating driver behind you whom you support to head the federal government's executive branch.

Historically, the repressive policies of totalitarian governments have been countered through artistic renderings of resistant slogans and mottos.  Many times, such rebellion involves the use of graffiti.  The same concept applies to state-controlled media which is used to maintain the national discussion on the status quo only.  Dictators, whose lust for power mimics sociopathy, must discourage all forms of dissent to legitimize their control.  Earlier in the summer, graffiti denouncing North Korean leader, and former playboy, Kim Jong Il appeared on a wall Pyongyang Railroad College.  The message simply stated, "Park Chung Hee and Kim Jong Il are both dictators; Park Chung Hee a dictator who developed his country’s economy, Kim Jong Il a dictator who starved people to death."  Needless to say, it resulted in a rigorous investigation to uncover the culprit.

Paul fans take heed, in order to counter a political and media apparatus so entrenched in corruption that it goes to great lengths demonizing a candidate who holds the only respectable view on Constitutionalism, we must display our support proudly.  Not only do "Ron Paul 2012" stickers represent the establishment's biggest fear that the Texas Congressman has a large base of support, they relay an even more important message: it's okay to support Ron Paul.  And this is exactly what the general public needs to see.  Despite how much the mainstream media distorts Paul's views, we must let our fellow citizens know that they are not alone in wishing that a man can be elected president who truly wants to reign in the criminal Federal Reserve System, the parasitic military industrial complex, and the dependency creating welfare state.

Thankfully, we are not alone in our endeavors; a simple Google search for "Ron Paul 2012" bumper stickers yields half a million results.  And don't forget the wonderful LRC Store and its fine selection of stickers.  With the first Republican primary election fast approaching in Iowa, now is the time to show your support.

Fight the state! Buy a bumper sticker!
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Got a post on the American Thinker today titled "Obama Lecturing on Euro Finance? Give Me A Break." Here is an excerpt:
Yes Mr. President, after George Bush ruined the world, you presided over the continued bailing out your campaign donators.  We have heard this narrative before and it makes no sense no matter how many times you repeat it.  The crisis occurred in late 2008, more than two years ago, and all you did during that period was win an election with empty phrases, a coal powered teleprompter, and a Hollywood smile.  Fed Chairman Bernanke and the New York Fed did most of the leg work to prop up the banks; that which certainly shouldn't be deemed a "rescue."  Heroine junkies aren't cured with another fiat injection of dopamine. 
Thank goodness another European vacation for world leaders funded by taxpayers is occurring.  Since all the world's problems seemingly melt away at G20 meetings, I expect gum drops to rain from the sky and free puppies for everyone at the close of the latest charade.
Because of the co-ordinated action the Group of 20 took then, the global economy began to grow again. Emerging economies rebounded. In the US, we've had 19 straight months of private sector job growth and added more than 2.5m private sector jobs.
Correction: Because of massive government intervention in response to fiscal disasters caused by previous government intervention, the U.S. ONLY added 2.5 million private sector jobs.  Had there been no stimulus and passage of such atrocities as Obamacare, private job growth would have been much more robust.
First, as the world's largest economy, the US will continue to lead. The single most effective thing we can do to get the global economy growing faster is to get the US economy growing faster. That's why my highest priority is putting Americans back to work. It's why I've proposed the American Jobs Act, which independent economists have said would create nearly 2m jobs, boost demand and increase US economic growth.
What Obama is really saying is that in order for the U.S. economy to lead the world, he needs to be reelected.  The best way to do this is the passage of a short sighted jobs plan that will slightly bring down the unemployment rate till after November 2012.  The American Jobs Act is essentially a bail out of his own floundering presidency.
Big news today as MF Global Holdings files for bankruptcy, via Bloomberg Businessweek:
Oct. 31 (Bloomberg) -- MF Global Holdings Ltd., the holding company for the broker-dealer run by former New Jersey governor and Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for bankruptcy after making bets on European sovereign debt.
The New York-based firm listed total debt of $39.7 billion and assets of $41 billion in Chapter 11 papers filed today in U.S. Bankruptcy Court in Manhattan. Its finance unit, MF Global Finance USA Inc., also filed, with debt of as much as $50 million and assets of as much as $500 million.
Despite being one of the New York Federal Reserve's darling primary dealers, it will thankfully not be bailed out.  Dudley and crew are just playing the role of the stern parents by cutting it off from the printing press.  The best take on the whole issue comes from the great Charles Gasparino who actually predicted the bankruptcy over the weekend, from the HuffingtonPost:
Corzine's reputation should have been in tatters; by the end of his days at Goldman, Corzine was regarded as a lousy manager, a poor judge of risk and the reason why Goldman had to delay plans to convert from a partnership to become a public company. But he used his winnings to finance a career in New Jersey politics, first being elected as US senator and later as the state's governor.
Meanwhile, the man who booted Corzine from Goldman, Hank Paulson, went on to become Treasury secretary during a period of risk taking unprecedented in modern financial history. And you know how this story ends: The financial crisis of 2007 and 2008, where massive losses tied to housing debt caused the demise of Bear Stearns, Lehman Brothers and nearly every surviving firm before Paulson arranged for the mother of all Wall Street bailouts.
With that came a wave of regulation to reduce risk-taking. In many cases, firms simply decided the downside of losing big bucks and going out of business wasn't worth the occasional big score, so they began to reduce risk on their own.
But Corzine was clearly asleep during much of the risk-taking years, not to mention the fallout that occurred after the financial system imploded (If you live in New Jersey and witnessed how badly he ran the state, you'll know when I mean). When he took over at MF Global, he vowed to run the firm as if the financial crisis didn't happen.
We can only hope that Corzine is rightfully relegated to the dustbin of failed financial history.  The three points of former Goldman guy, New Jersey Democrat Governor, and now failed brokerage firm manager alone should be the only coffin nails needed.  I can't wait to see what his next transformation is.

I will end by pointing out the continuing saga of the global currency race to the bottom as Japan's finance minister, Jun Azumi, has once again intervened in the currency markets to devalue the yen for the third time this year, via Bloomberg:
Japan intervened to weaken the yen for the third time this year and pledged more sales after the currency’s gain to a postwar high against the dollar threatened a recovery from the March 11 earthquake and nuclear disaster.
The yen plunged more than 4 percent to 79.20 after authorities sold the currency in a unilateral intervention. Japanese Finance Minister Jun Azumi said the move was carried out to combat “one-sided speculative moves that don’t reflect the economic fundamentals of our economy.”
Azumi pledged to keep selling the yen in the foreign- exchange market after the currency reached a high of 75.35 against the dollar earlier today. It was the first yen-selling action by Japan since August. The yen and the Swiss franc have soared to records as investors sought havens from Europe’s fiscal debt woes.
While pensioners and those on fixed income play the role of a collapsed dog, central bankers around the world are the jack booted dictators kicking them into submission for all they're worth.  Talk about throwing money away:
(Reuters) - The head of Europe's bailout fund, in Asia on a tour for potential investors, said on Monday he had been reassured by Japan's top currency official that Tokyo would continue to buy its bonds.
How these guys continue to get away with such blatant theft is hilariously heart breaking.

Update- Looks like the bankruptcy was just the beginning for MF Global, via New York Times:
Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on Monday. 
The recognition that money was missing scuttled at the 11th hour an agreement to sell a major part of MF Global to a rival brokerage firm. MF Global had staked its survival on completing the deal. Instead, the New York-based firm filed for bankruptcy on Monday.
Regulators are examining whether MF Global diverted some customer funds to support its own trades as the firm teetered on the brink of collapse.
Put another nail in the coffin for Corzine.

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