LRC/InfoWars Article, Summary of the Currency Race to the Bottom, and New Unemployment Numbers

Got an article up at LewRockwell.com (which was also posted to Infowars.com) today titled "How To Support Ron Paul (Display It!)"  Here is an excerpt:

So what steps should lovers of liberty 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-gaiter behind you whom you support for chief executive.

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 focus 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 that 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 rein in the criminal Federal Reserve System, the parasitic military industrial complex, and the dependency creating welfare state.

Big thanks to all those who emailed me their own pictures, here is my favorite which is just in time for the Christmas season:

In following the Ron Paul theme, Artemis Capital Management has a great new presentation out that deals with what I have been labeling the global currency race to the bottom:
Art Em is Capital CurrencyCSCM NOV2011 Final

Here is the summary, which I have been writing about all year, via Zerohedge:

United States

• Ultra-loose monetary policy (ZIRP & Quantitative Easing)
• Massive government deficits and high debt levels
• Unsustainable fiscal spending and entitlements

Japan

• ZIRP and debt-GDP-ratios above 200%+
• Japanese government intervened in foreign exchange markets for the 4th time in over a year (selling yen and buying dollars & euros)

China

• Yuan is pegged to the dollar and estimated to be as much as 40% undervalued against the US dollar
• China keeps buying dollars and “printing” Yuan to maintain this peg

Switzerland

• Swiss Franc was a popular safe haven appreciating +28% against the Euro and +50% against the dollar since 2003
• SNB devalued Franc in September pegging it at 1.20x to the Euro

Brazil

• Central bank cuts interest rates twice in the last quarter despite highest inflation in six years

Strangely the U.K. with its inflation rate coming in at 5.2% last month and the ECB with its steady 1.5% (1.25% as of yesterday) interest rate were not mentioned.  These fantastic charts make up for the lapse however:

And of course a great compilation can't be complete without mentioning Weimar, Germany:

Nothing new in theory here however, money printing always sends the stock market up.  As Mises wrote:

the moderated interest rate is intended to stimulate production and not to cause a stock market boom. However, stock prices increase first of all. At the outset, commodity prices are not caught up in the boom. There are stock exchange booms and stock exchange profits. Yet, the "producer" is dissatisfied. He envies the "speculator" his "easy profit." Those in power are not willing to accept this situation. They believe that production is being deprived of money which is flowing into the stock market. Besides, it is precisely in the stock market boom that the serious threat of a crisis lies hidden.

While Draghi only cut the ECB's rate yesterday, there is reason to believe that more Euro money printing is coming as both Italian and Portuguese 1 year bond yields have shot up again recently:

Look for Portugal to be the next to blow. 
Hilariously, it looks like the ECB won't be the only white knight of the Euro Zone, via Wall Street Cheat Sheet:

Dow Jones reports, “World leaders may mandate the International Monetary Policy to print more of its special currency to help solve the euro zone crisis, according to several people familiar with the matter.

You know things are bad when one printed doesn't suffice.  Yet the non-statements keep coming from the beast's mouth:

• German Chancellor Merkel says the G20 failed to agree on IMF resources
• German Chancellor Merkel says will make sure that the IMF has sufficient resources, but also new instruments

• German Chancellor Merkel says hardly any countries in G20 have said they will participate in the EFSF

They may "disagree" now but when the day of reckoning comes, Euro politicians will once again sell their souls and their constituency's hard earned income to the devil.
I will end by mentioning that the new unemployment numbers are out today and the rate dropped by .1% to an even 9%.  Businesses are now hiring seasonal positions (by which I got a part time job) to gear up for the holidays.  Whether this investment plays out will remain to be seen but with Bernanke growing the monetary base at a close to 15% annualized rate for the past 6 months, it looks to be a very Merry Christmas as long as it doesn't keep slowing down.