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    • Currency Traders Still Buying Rate Hike Rhetoric – Ep. 85
      The U.S. dollar started out this morning on the defensive Government released CPI numbers generated a sharp reversal across the board Gold sold off, but closed slightly down against the dollar April CPI up just .1% on the month; year over year prices dropped -.2% Lowest CPI since October 2009 Core CPI (excludes food & […] The post Currency Traders Still […]
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      By Peter Schiff To hear BitGold founders Joshua Crumb or Roy Sebag talk about their new company, one would think they came up with the idea of individuals transacting in gold or using a debit card to access their gold holdings on their own. While I agree it’s a good idea, it’s certainly not original. […] The post Imitation Is the Sincerest Form of Flattery a […]
    • The Fix Is In. Government to Rig GDP Again. – Ep. 84
      Earlier today latest FOMC minutes released Once again the weather is blamed for missed expectations, pretending the economy is better than it is Now the Fed dismiss numbers as inaccurate, because seasonal adjustments are off Why does the government need to seasonally adjust the numbers Yearly GDP is the number that matters Once the numbers […] The post The F […]
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      S&P responds to bad news with new high; DJ just barely off record high Dollar continues to fall The currency traders still have not accepted the significance of bad news Lower dollar will be the trend Friday got a trifecta of bad economic news Thursday Weekly Jobless Claims number declined to 264,000 – lowest weekly […] The post Fewer Hires Means Fewer F […]
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      Another week and another round of bad economic news Wall Street may be finally paying attention JOLT Report projected at 5.158 million; came in at 4.994 million April Retail Sales expected to rise .2%; came in flat X Automobiles expected an increase of .5, actual number was .1 Beneath the surface there was a collapse […] The post U.S. Economy Teetering on th […]

Ron Paul’s big week

Black this Out, October 19th

This is going to be a big week for Ron Paul.  Yesterday he just unveiled his new budget proposal, dubbed the “Plan to Restore America,” which will cut $1 trillion in the first year of his presidency, abolish five federal apartments, end the wars, cut taxes, balance the budget in three years and last but not least, reduce the presidential pay from $400K to $39K, which is the median income per worker in America.  For most libertarians, that’s a good start.  Hopefully abolishing the IRS and the income tax will come after that.  But in all seriousness, Paul is one of the only presidential candidates who is taking a critical look at our fiscal situation and has a plan that takes steps to reduce our debt burden immediately.  Most candidates want to tinker with small details (ie. no more earmarks!) or just give empty rhetoric, but Paul has a solid plan to get the economy out of the crapper and restore our freedom.

The other big event this week is Ron Paul’s “Black This Out” money bomb on October 19th, which plans to be the biggest fundraising day for Paul all year.  The name is meant to be a sarcastic reference to the way Ron Paul is being treated by the media, who have been following a golden rule: pretend Ron doesn’t exist.  Many online blogs are promoting this Money Bomb by putting black censors boxes over their avatar’s faces (such as the image above), or striking out Ron Paul’s name in blog or twitter posts.  The grassroots have been sick and tired of the intentional disregard of Paul as a serious candidate, despite him winning most online debate polls and many straw polls such as the California GOP and Value Voter poll in DC.  His coverage out of all candidates has been dead last, despite his polling numbers having him consistently in third place, or second place is certain early primary states.  This new study by the Pew Research Center’s Project for Excellence in Journalism has vindicated our complaints.

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