Ron Paul's Weekly Blog calls for an end to War on Drugs

Check out Ron Paul's weekly blog where he calls for an end to the War on Drugs!

Obama - legalizing marijuana not a good strategy to grow economy

Yesterday President Obama laughed at those who have consistently been making it clear on change.org that they want him to address marijuana legalization.



Notice how he 'answers' the question by saying he does not think it is a good strategy for growing our economy. He does not say that it would cause too many social ills or it was addictive or any of the other mainstream reasons for keeping marijuana illegal. Instead he says that he does not think it is a good strategy for growing our economy.

Why not? In fact there has been legislation introduced in such states as California for the legalization of marijuana because it would help the economy through the tax revenue which would help close the gap in their huge budget shortfall. Large taxes on such things as alcohol, tobacco, and gambling have brought in and continue to bring in huge tax revenues. Is it any mystery why Nevada does not have a state income tax?

I'm sorry President Obama, but here's the problem. You don't "think" it's a good strategy to grow the economy, but look at the strategies you are advocating and implementing. There's a growing number of Americans' who are not giving much credit to what you "think" will help the economy. Last time I checked your budget was over $3 trillion dollars and had few tax cuts. Grow the economy with your policies? Good luck with that.

Excellent JFK Martin Luther King and Ron Paul Video

This is a video that apparently Youtube kept taking down, but has been resurrected. Check it out, it's an amazing video compiled with sound bits from John F. Kennedy, Martin Luther King, and who else but Ron Paul!

Geithner lied to Bachmann

In my previous post there is a video of Michele Bachmann questioning Geithner and Bernanke about whether or not they would categorically renounce the U.S. moving away from the dollar and going to a global currency (as suggested by China). He said he would renounce that. But soon after, he expressed his openness to a global currency! Too many lies, too much flip-flopping by these 'economic masterminds.' They are destroying our financial system, not repairing it. They are putting the United States more in debt and taxing us through the printing of money.

Change? More of the same failed economic policies as far as I'm concerned. Audit the Fed (better yet abolish it) and cut government spending in half. Please, support candidates in 2010 who are opposed to these harmful Keynesian economic policies!

Bachmann grills Geithner/Bernanke!

Go Bachmann! Grilling Bernanke and Tim Geithner. I'm in full support of my Congresswoman, and I find all the blogs out there that simply rip on her as a pathetic attempt to marginalize a rising politician.

Adam Kokesh Interview

Just an interview from a couple days ago of Adam Kokesh, member of IVAW.

Please, Just Watch

I won't say anything about it. Just watch.

$20 Match Me Campaign

Yesterday I told a friend (James at http://www.dinksfinance.com) that I was willing to donate $20 to Peter Schiff's Senate Campaign if he were to run. I challenged him to match my contribution, which he agreed. Then I thought what if we could get thousands of people (or even just another handful :P) to match our $20 contribution? This caused me to create a facebook group:

http://www.facebook.com/group.php?gid=71963104896

So if you are on facebook and are willing to match our contributions, please join the group! If you are not on facebook, just make a commitment to match us and that is just as good.

Senate races, actually any political race, can be extremely costly. Senate races run in the millions of dollars. Thousands of donations of $20 can really help fund the campaign, more so than one would be led to believe.

So join me in funding this campaign for Peter Schiff, if not against Chris Dodd.

New Website Launched Yesterday!

This has nothing to do with politics, but Saturday night (actually Sunday morning) my friend and I launched a website we have been working on for quite a long time, USA Casino Index.

Basically it is an index of every casino in the United States and provides general and gaming information. We plan on adding gaming strategy articles, gambling videos, and a way to post reviews and photos for others to see. I could go on and on about the plans we have for the site, but the main thing is: It's up! We first thought of the idea and bought the domain in June of 08 so you can see how this was quite a process.

Anyway, we would appreciate a visit and some feedback! If you have a blog and want to help me out please throw our link somewhere on your site or in a post. We would greatly appreciate it!

Ron Paul vs. Stephen Baldwin - Larry King - Marijuana Debate

Ron Paul on CNN debating Stephen Baldwin on whether or not marijuana should be legalized. Great arguments presented here!

Please Pledge Your Support!

This weekend do yourself (and your country) a huge favor and pledge your support of Rand Paul (Kentucky) and Peter Schiff (Connecticut) for Senate in 2010. These are two individuals who are very fiscally conservative and support small government.

Rand Paul is the son of Ron Paul. Despite not having formal experience with politics, he is ready to run for Senate if current Republican Jim Bunning (now 77 years old) decides not to run.

Peter Schiff is a stock broker and investment adviser who is currently the President of Euro Pacific Capital. This is a man who literally predicted the economic collapse (see video on post two posts down). Peter Schiff was an economic advisor to Ron Paul's Presidential campaign, and has an understanding of economics and finance on a level that few will ever reach.

Let's get these two out on the campaign trail and into office!

Simply scroll down until you see the 'pledge' widgets on the left hand column of this page. Let them know there are people out there who are fed up with the government throwing our dollars down the drain!

Peter Schiff on Fox Business News

Get to know potential Senate Candidate (and fiscally conservative!) Peter Schiff. Here he is on Fox Business News talking about saving:



Special thanks to The Daily Paul

Art Laffer was wrong! Schiff was Right!

I have talked a lot about the book The End of Prosperity on this blog, which was written in part by Arthur Laffer. I loved the book, but I must admit, this video shows just how big of a 'jerk' the man is. He talks condescendingly to Peter Schiff (former Ron Paul economic advisor and possible Republican candidate for Senate in 2010).

This video is from August 28, 2006. Who was right? I think it is EXTREMELY obvious. I wouldn't trust you with a dime Art Laffer. Can Peter Schiff PLEASE write a book? Asap??

Ron Paul calling out the Neocons!

It's unfortunate how the neocons have taken over the Republican Party. They flooded the Bush Administration (Bush himself, Rumsfeld, Cheney, etc.). We are taking the Republican Party back to its roots! I am opposed to the neo-cons who have tainted and taken over the Republican Party. Watch this video, it is a great educational speech by Ron Paul on the neo-cons.



Thanks to the Daily Paul where I first saw this video.

Propping up GM just prolonged the inevitable

Today the Dow fell close to three hundred points, erasing whatever gains were made in yesterdays up day. The driver of today's fall was due to GM's auditors raising 'substantial doubt' about the ability of GM to survive without declaring bankruptcy.

Is anyone really surprised that the 'loan' given to GM and the propping up of a failing company has come to this? I am not surprised at all. All of the intervention and bailing out and ultimately 'propping up' of different businesses won't stop the inevitable. Look at AIG for another great example. They lost the market value equivalent of the entire McDonald's company in three months!

Some may say, "what about the auto workers? Their pensions are tied up to this company, if they fail what will happen?" Well here's the thing to remember: If a company is having trouble turning a profit, it might have something to do with those billions in pension paychecks they have to pay former employees. Perhaps the union bosses, instead of being mortal enemies of the very company that needs to exist for them to exist, should have taken this into consideration. What if our demands cause this company to fail?

I am not saying that it is entirely due to the unions, but what I am saying is that there are reasons this company is failing and the government is not capable of, nor have the Constitutional rights to do anything about it. This economic intervention needs to stop at some point, and it will not work. We can already see it unraveling!

The markets will move back up, but not until they have reason to. If the government just got the heck out of the way for once, the economic downturn would still be bad, but not nearly as prolonged and enlarged as it is with their intervention.

If you agree with me you won't like this: The White House is 'assuring' the American public they are working around the clock to address the GM problem.

Market does not like Obama's Economic Policies

Today the Dow opened at it's lowest level in nearly 12 years. It dropped and remains below 7,000. To put this in perspective, if you invested in a Dow index fund 12 years ago expecting a somewhat decent return (4-8%) over time, you would have made 0% interest on your investment as of today. Because a dollar 12 years ago is worth less than a dollar today, you would in actuality have lost on this investment, since it is not keeping up with inflation. Stocks are down across the board and gains made over the past decade are being wiped out in just a few months. This is not good news to anyone who has money in the market, even those who invested conservatively and diversified their holdings.

I expect the Obama Administration to deeply down play the stock market. The last thing they want right now is for their 'success' to be linked to the tanking market. But the funny thing is, as soon as it roars back (whenever that may be) they will be the first to take credit for the upward movement. Don't be fooled, if you credit them with moving the market up you must hold them responsible for the market moving down. The market has reacted negatively to almost every measure the government has made to 'stabilize' and jumpstart the economy. Most recently today news came out that AIG had lost over $60 billion in one quarter. It is expected to receive another injection of around $30 billion, and I can assure you this will not be the last. In correlation to this, you see the Dow dip today. From the Stimulus package, to fears of nationalization, to Timothy Geithner's unveiling of his master plan to fix the economy, we have seen negative reactions in the market.

These bad economic policies are not limited to Obama or the Democrats in Congress. The Federal Reserve Chairman and the Federal Reserve itself has contributed to the tanking market, as well as former Treasury Secretary Paulson. This is not limited to the Democratic Party, either, as many Republicans (including Former President George W. Bush and Former Presidential Candidate John McCain) supported the initial bailout that was the beginning of the string of government intervention policies.

Fortunately, the Republican Party is coming around, for the most part. They made a stand against the 'stimulus' package (except for a few Republican Senators), and we can see a renewed spark of fiscal Conservatism in Republican Governors such as Mark Sanford, Bobby Jindal, among others. The investors and public at large, through the stock market, are showing their disdain for the current economic policies. They are not confident that the actions taken by the government to 'fix' the economy are going to do any good. It falls further with each further intervention. Fiscal Conservatism has been abondoned by both parties, but I can see a spark of hope in the rapid growth of those calling for limited government and fiscal conservatism.

Are we at the point where politicians will take up stances such as abolishing the Federal Reserve, taking on the problem with fiat currency, and discussing the benefits of the gold standard? Not quite. But I wouldn't rule these out as impossibilities in the near future.