In previous commentaries I have scolded the Federal Reserve’s indecision and the Federal Government’s spending habits. Recently in the article Bernanke fiddles while Wall Street burns I solicited rational explanations for their behavior. The response has not been overwhelming, but today I came across the following document from the Federal Reserve Bank of St. Louis that peaked my curiosity.
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This is possibly the most fascinating documentary I’ve seen in years, the implications of which will keep me busy thinking and studying for years.
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The problem is simple and the solution is obvious, but there will never be peace.
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The Wall Street Journal is reporting that Prince Alwaleed Bin Talal, the subject of Rudy’s scorn at last week’s New Hampshire debate, is about to invest billions more in struggling Citigroup, no thanks to Rudy of course. While it’s not a positive sign for America that foreigners are beginning to seize their assets, it does show a commitment by the Saudi Prince to saving America’s largest financial institution. Would you invest billions of dollars in a country you are trying to destroy? I didn’t think so.
This was the highlight of last night’s debate, for me.
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All the real experts are supporting the only candidate with a real plan to resolve the coming economic storm.
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ABC included Ron Paul in the debate, so I’m going to give them some publicity. What follows is the entire debate.
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During the Republican debate on January 5th Ron Paul clearly stated his case in favor of a new foreign policy, outlining positions that are mainstream and even considered common sense in every city of the world except Washington. Predictably, he was attacked from all sides.
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When people are free to go where they want, do what they want and say what they want, how can any leader assure security? The only way to guarantee no foreign enemy is walking within your borders is to know precisely every individual’s identity. The only way to guarantee no domestic enemy is plotting from their property is to monitor precisely every individual’s intentions. Make no mistake about it, a life free from any risk of terror is a life without freedom, with no exceptions.
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A few months ago I was involved in a somewhat political conversation with two colleagues (never a good idea, by the way) and both of them were quite fond of Rudy Giuliani. Of course I was shocked, so I inquired further. One of them attended a leadership conference years ago in which Rudy was held as the model leader, the other just had a good feeling towards him and couldn’t remember why. I struggled to contain my vomit.
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