The American Way
columnist: Ivan from Oregon

Topic: Ron Paul
The Fat Lady Is Not Even Warming Up Yet, Reissued

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The nomination is far from settled. Also, there are economic issues looming that will change the game in the run for the presidency

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by Ivan from Oregon
(Libertarian)
Monday, February 18, 2008

As I see it, the followers of Ron Paul can be divided into two categories - fair weather friends and those that are willing to DO something in our fight for our liberties. The first category is now doing a lot of whining on various blogs that our leader has given up, bla, bla. To these, I say, stop watching the MSM. Ron Paul has said he will continue the run for the presidency as long as there is evidence of support from us. I know him and have been following and supporting him for 30 years. He’s good to his word. After his latest, guarded announcement that the nomination probably can’t be had in the conventional way, two things are going to happen:

1. The fair weather "friends" will go back to watching TV and hopefully not clog up the useful blogs with their drivel, and

2. The MSM and the McInsane supporters will relax, figuring the issue is already decided.

This gives us tremendous opportunities. The issue of the nomination is far from decided, no matter what the MSM say. There are caucuses and delegate elections to be held almost everywhere, which the second category of RP supporters - the ones willing to DO things - can do to make sure that the convention in September is packed with RP-leaning delegates, pledged or not. A tremendous example comes to us from Texas that can be followed in most states. It looks as if we can do this by merely showing up at most of these activities. We only need five states to go past the first vote at the convention. A brief tutorial on the process of delegate elections can be found here.

Remeber, 80% of success is SHOWING UP.

Denmark based Saxo Bank has predicted that Ron Paul will be the next US President because the US is about to slide into depression.  They pride themselves as having a perfect track record in thiss regard.

The first I heard of this was last April, and then last December. The slide into depression is, at this point, inevitable, and will be world-wide. The only question, at this point, is, will we crash hard, or stretch it out over a decade, like the last time. As this is being written, central banks all over are desperately trying to reinflate some of the huge bubbles that are collapsing. The only admitted one by the MSM so far, is the housing mortgage crisis, which is only a drop in the bucket if you look at the total problem. The figures from the Bank of International Settlements show that the current "notional value" of derivatives - Asset Based Securities, Credit Default "Swaps", and other Over The Counter (unregulated) junk paper is over $500 Trillion!! This is more than the GDP (or assets) of the entire world.

The OTC junk paper is a bunch of contracts, and when one side of these contracts defaults, the notional value becomes real. Yikes! The only people that are cheering are the lawyers - they’ll be working overtime. I believe a lot of high-level functionaries in government and industry will get nailed.

As Bernie and the boys desperately try to patch the holes in a sinking ship (ever try to do that from the inside?), they will drop interest rates to zero, if necessary.  (Considering real inflation, the rates are less than zero already.)  Bernie has indicated that he will go as far as he has to. Recall that Japan did this a decade ago and their economy has not recovered yet. In the meantime we’ll be facing a situation similar to but much worse than the ‘70's, which Volker finally pulled out of by raising interest into the high teens. Bernie and friends have steadily increased the money supply at feverish levels - last I checked, M3 is about 18% higher than a year ago.

By the time of the Republican convention, the government will finally have to stop lying about inflation - the price of wheat has doubled from last year, so have corn and soybeans, precious metals are soaring and by summer, gasoline will be over $4 per gallon. The public should, at this point, be able to understand that this is the "hidden tax" that RP speaks about - they’ll see this everytime they buy something. If done right, the people will see that Ron Paul is the only one out there that understands the problems and knows how to fix them - I can imagine the convention nominating him - overwhelmingly, as the only candidate that can take out the socialist one, be it Yomma or Momma.

I'll go out on a limb and say there's a good possibility of the RP plan of bringing back our troops from the 170 or so places we have them, will be insisted upon as part of the solution to our trade balance dollar problem.  This presidential race is watched more closely than ever by the international community who are tired of our profligate spending habits.  This is what happened to the British empire.

 George Washington warned in a letter, "Paper money will…ruin commerce, oppress the honest and open the door to every species of fraud and injustice." Ron Paul has been fighting this for decades. His speech to Congress in 1984 should be required reading for everyone and applies today (with minor detail differences).

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Liberty cannot exist amid fraud and corruption - it requires honest money and eternal vigilance.

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2008 Ivan from Oregon, all rights reserved.
Published: Monday, February 18, 2008
Last modified: Friday, March 7, 2008

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