When Ron was running as a Libertarian 20 years ago, he write a book titled “Freedom Under Siege.” I bought it, but never read it till last night, and it expresses his feelings succinctly about several subjects, and especially freedom and money. He has a rather long chapter on the draft, but that issue will probably never crop up again, so it is not too current. A chapter on individual rights is great, as his on foreign policy. Needless to say, he is in favor of neutrality, which I have been preaching long before he wrote his book. Since it is 20 years old, I checked on Amazon, and they have a couple of copies only, so you might want to clean them out.
The new $550 billion budget has 9,000 earmarks in it, including a cool million for the New Orleans ’$90,000 cash in the freezer’ representative, who is still not in jail. It is no wonder that the budget will never be balanced, and the deficit will continue to increase. Each man, woman, and child, if the current $9 trillion debt were spread around among us, is over $33,000 each. This doesn’t count the actual debt of $40 trillion, counting all the future commitments. If that were figured, every man, woman and child would in debt for over $80,000, just for what the federal government has borrowed to pay its bills, not yours. You didn’t contract for that $40 trillion, your representatives and senators did. You may have your own bills to worry about without even considering the government’s borrowings.
But even though you didn’t borrow the $40 trillion, nor the $9 trillion current figure, you are still going to pay it. How? Because the only way the government’s debt can be paid, is by means of the printing press. There is no other way possible to repay that debt, which grows constantly. When it is printed, your dollars will shrink in value (purchasing power) in direct proportion to the number printed. Not necessarily actual printing, but checkbook dollars, bond dollars, T-Bill dollars, foreign aid dollars, UN dues dollars, IMF dollars, World Bank dollars, and any form of dollars you can think of, all are increases in dollar amounts in circulation, and all decrease the value of them, which is called “inflation.” With 9,000 earmarks in the current budget, it is obvious that the phrase “out of control,” is appropriate as far as spending is concerned. So, as I often repeat myself, WHY STAY IN DOLLARS? Open half day only 8AM to Noon Mountain time, on Monday, Christmas Eve. Have a great weekend!
URGENT! RON PAUL WILL BE ON MEET THE PRESS SUNDAY!