Ron Paul: Storming the Fed
by Matthew Collins
Recently by Ron Paul: International Bailout Brings Us Closer to Economic Collapse
As far as finance and business goes, at least one rule generally holds true
And this rule makes your job as an investor, entrepreneur or analyst ten times easier. The rule? If you can't explain a particular investment or innovation to an eleven-year-old, then something shady is going on.
Credit Default Swaps, Securitization, GSEs, CDOs all of these things were considered financial wizardry back in the bubble days. Now they've been exposed as little more than Wall Street's version of three-card Monte.
But the card sharks behind these scams — not the individual investment banks on the frontline, but the huckster who put his seal of approval on these street-side swindlings the guy whose rate-setting mandates created the environment for these bubble shenanigans that yahoo is still at large, and no one in the government really seems to care.
No one; that
is, except for a rogue Texan. A man who won't settle for anything
less than the America he was promised in the constitution
The Doctor is In
Most of us grew familiar with Ron Paul in late 2007 and early '08. He campaigned on a platform of smaller government; specifically by means of eradicating the Fed and the Internal Revenue Service a platform that turned out to be just a few months early.
But our Resident Offshore Expert — Former Congressman Bob Bauman — knew Ron from their days together in the House. As you might expect, Bob says the soft-spoken doctor is a kind man one who definitely talks the talk in addition to walking the walk.
And beyond that, Ron's surely no average politician.
No, he actually serves a practical purpose within his community imagine that. He's a doctor. An obstetrician, which has proven to be a bit of a roadblock for his less useful competition
I had real difficulty down in Brazoria County, where he practiced, because he'd delivered half the babies in the county. There were only two obstetricians in the county, and the other one was his partner.
That was a competitor — Gammage — talking about one of Paul's first campaigns that came in the wake of the Watergate scandal. It should've been a pushover for the Democrats. In hindsight, Gammage realized that he underestimated the grass roots pull that Ron Paul had amongst his constituents.
Since then, Ron's been an established fringe voice in Congress. His message, steeped in fiscal common sense and Austrian school economics, has grown more popular over the years, culminating in his run at the 2008 primaries.
But Ron was still too much of a dark horse.
And the Republican Party couldn't decide whether they wanted the guy from New York that cheated on his wife or the guy from Arizona that got engaged to his current wife while married to his previous wife. Decisions, decisions.
June 27, 2009
Dr. Ron Paul is a Republican member of Congress from Texas.
Copyright © 2009 The Sovereign Society