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You’re the First to Know

Dear Friend,

Well, it looks like you have made a difference.

Based upon the unbelievable support that I have receieved from 10,000 supporters like you, I have decided to throw my hat into the ring to challenge Chris Dodd for the honor of representing the state of Connecticut in the United States Senate. I will announce my candidacy on MSNBC’s Morning Joe show on Thursday, September 17 at 8:15am eastern time. Sorry for the short notice, but its important to honor commitments and keep these things under raps until the day the news breaks.

At this time last year I could not have imagined that that I would be making such an announcement today. I had never intended to become a candidate for public office. But these are extraordinary times. Our economy is falling apart in front of our eyes and Washington seems intent on making the wheels come off even faster. At a time when we desperately need adult supervison, the economically illiterate are running the show. As I love my country, it now seems clear that I must  try to do something to help. The emotional and material support I have received from across the country has made the decision much easier.

So today it begins. As I’m sure you are aware, the rules in politics bear only scant resemblance to those which govern polite society. As a result, I am wading into strange waters, and I’m sure strange things will happen. But I promise to maintain my composure and give it my best shot. Based on the support that I have received thus far, I fully expect to be facing down Chris Dodd in the general election just 14 months from now.

As my campaign takes flight, I appreciate the patience and trust that you have shown. To commit time and money to a long shot candidate for high office is a hard choice. I hope to repay that trust with a first class campaign.

I look forward to your feedback and your continued support.

Thanks again,

Peter Schiff


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Nobody wants to mention tax rises just ahead of the elections,” said Thorolfur Matthiasson, an economics professor at the University of Iceland. “But if the budget deficit is 10 percent of GDP and the official debt is approximately what the nation can produce in one year, then the politicians will have to raise tax and reduce public spending.

Striker

Striker

It’s hard to pay attention to what’s happening in such a seemingly small, remote and insignificant country as Iceland, but the parallels of retro-progress in Iceland and USA are stunning and terrifying. Think for a moment, this is a part of global collapse begun here in our USSA with the last trigger on this shotgun being the CRA. Then note our Rulers now considering renewal of the CRA to cure the problems caused by the CRA.

Please read this article and review the Digg comments.

read more | digg story

There is only one priority issue in this USA election 2008.

The issue is not national health care, nor the war in Iraq, nor global warming, nor immigration, nor drugs, nor abortion, nor ‘change’, nor raving preachers, nor oil prices, nor evil corporations… none of the above yet all of the above contribute to the issue before us.

This issue has come upon us thru a combination of all the above; virtually every politician at every level of government is responsible.  All three of the current stooges — the DemRep presidential candidates McCain, Obama & Clinton — are avoiding this issue.  Libertarian candidate Barr began with 163 days to become viable, but has wasted every day since and is now headed to Oxford in England to make a speech?  about nothing?  Just another stooge?

The media is also responsible; they are not addressing the issue either.  What are they waiting for?  Why is  not the collapse of our Dollar worth discussing?  How can that not impact the people of this world?

The single issue of any relevance in the real world is the ongoing USA economic collapse.

Right here on Morality101 are posts discussing the causes & effects, with the basis for the necessary solution.  I choose not to repeat them in this post, but ask you to surf this website to gain some understanding.  With several others, we have been trying so very hard to bring this issue to the forefront, but it’s been like talking to a wall.  The ostriches have their heads in the sand, but having been well brainwashed for several generations, perhaps they can no longer think for themselves?

It seems to me that this issue has passed any point of recovery, with no viable solution except in the very long run.  The collapse will continue until it wipes out our USA, with the devastating impact extending around the globe.  Calling this “gloom and doom” will not stop the collapse, nor make it go away.   But this collapse is likely to make you and many others go away, while those who survive will endure yet another Dark Age.

It’s all so simple – what do you not get about the morality of the free individual?

Okay, folks, it’s time to get real.  Actually, it’s been that time for many years, but today it has all caught up with us.  Let things continue this way, and this next election will be our last, if we even survive until November!

Americans are concerned over rising prices.  Are they asking their DemoReps to explain why our national debt is beyond control?  NO!  Are they asking to eliminate anything of the causes?  NO!  Are they asking why our dollar is rapidly becoming worthless?  NO!  Are they wondering why they no longer have choices except the lesser of 2 or 3 evils?  NO!  All this noise about yes, a really stupid war. but are they asking that we just admit the mistake and quit right now?  NO!

Libertarians are disjointed over their convention nominees.  Are we going to work for those we’ve chosen, or are we just going to extinguish our candle?  We might have made choices from amongst “more pure” libertarians, but we didn’t.  Barr wasn’t my preference either, but he is a savvy politician who can help put us back on the map, and Root may help with philosophical balance for that team.  Sorry to see it, but Ron Paul saw the light and won’t carry our torch, but at least he’ll be in Congress.  Sticking with Dr Paul for president is surely a wasted vote even if it makes a small point.  We don’t have 4 more years; splintering won’t buy the USA or the libertarians any more time.

I probably missed some, but I’ve seen only C-span even mention the Libertarians.  Our presentation wasn’t the best, and C-span didn’t cover it all that well, but at least they did.  I didn’t see CNN or Fox or xxNBC or any other even acknowledge the LP convention, nor are they including us in their “news”, the tiresome and boring debate over trivia.

There is but one real issue, which is being studiously avoided by the DemoReps and by the media.  That issue is our economic collapse, along with the underlying immorality which has caused it.  If Libertarians are to survive as a political party, we must seize upon this issue in this moment and bring it to the forefront.  This is our last opportunity.  Barr said we have 163 days… now it’s 162, 161, 160…

Economic collapse is a tough issue, perhaps impossible, but keeping our heads in the sand cannot change the scenario.  We may be entering the new Dark Age without even a flashlight.

Congressman Ron Paul
Statement before the Joint Economic Committee Hearing on “The Economic Outlook”
April 2, 2008

Mr. Chairman,

I have never been opposed to regulation, although my idea of regulation differs from that of many people in Washington. The free market and its forces of supply and demand are the most effective regulator of the private sector, and have never been known to fail absent government intervention. But piling more public sector regulation on the private sector will have a detrimental effect on the health of our financial system and sow the seeds for the next financial meltdown.

What we in Washington should be discussing is increased regulation and scrutiny of public sector regulatory and oversight agencies such as the Federal Reserve Board, the SEC, and others. The Federal Reserve’s actions got us into at least one depression in the last century, and have led to continued cyclical difficulties, including the current economic slowdown.

Back in the 1970s, government-caused inflation reached levels high enough that the Nixon administration decided to implement wage and price controls. Placing blame on greedy speculators, unscrupulous mortgage originators, or panicky investors, is a common reaction on the part of government.

The solution called for, despite the numerous documented failures of government regulation, is always more regulation, more government involvement in and control over the economy, and less free enterprise. Never is the blame placed squarely where it belongs, which is on the shoulders of legislators and regulators whose actions distort the market, prohibiting legitimate market activities and encouraging the development of labyrinthine and opaque financial schemes.

The latest regulatory plan from the Treasury Department, with the potential to turn the Federal Reserve into a super-regulator overseeing state-chartered banks, bank holding companies, and acting as a guarantor of market stability, is another in a long line of half-baked government responses to financial difficulty. Recession after recession has not impressed upon government leaders the reality that the Federal Reserve’s monetary policy activities are what lead to market instability.

The business cycle, contrary to what Secretary Paulson and others seem to believe, is not endemic to the free market. It is always and everywhere the result of monetary inflation and subsequent malinvestment, which when it is discovered must of necessity be liquidated in order for a true recovery to occur. Delaying the liquidation will only prolong the crisis and ensure that the next crisis will be more severe.

Every government intervention will result in a distortion of the market and a subsequent shock somewhere down the line in the future. It is about time that we recognize the failure of government intervention, get our hands out of the private sector, and for once allow the market to function.

Congressional Record