On Obama... And Ron Paul

I was just wondering how happy and relieved I would have been if it had been Ron Paul taking the oath of office in Washington DC today. The biggest issues before Obama are: 1. The Money, and 2. US military interventionism abroad. On both these issues, Ron Paul was the only man in American politics consistently talking sense. These are also the two biggest issues before the rest of the world today.

Ron Paul stands for Gold. He would have the US Fed closed down. He says fractional reserve banking is a Ponzi scheme. Let us see how:

I deposit 10k rupees into my current account. The bank lends out 9k by creating another account. Now both of us can lay claim to one piece of property: I can claim back the 10k, and the borrower can claim 9k, his loan. And there is only 10k in the bank.

At the bottom lies the question of Property. We now have one piece of property with 2 legitimate claimants.

The only way in which this can succeed is if you keep on expanding the money supply, thereby creating more depositors – while also lending out more, even to “sub-prime” borrowers. Ponzi with a capital P.

We are now at the end game. LRC reports that Goldman Sachs wants interest rates to be a negative 6 per cent, by increasing money supply and inflation!

Money is really the number one economic problem facing the world today. And it is in the interest of all the poor of the world that money be sound. Gold is Sound Money.

Obama will probably inflate further. That is the way the wind is blowing. It blew Ron Paul away – but he is still there, manning the guns.

And guns brings me to the second issue facing the world today – the political problem of Security. Ron Paul consistently advocates a non-interventionist US foreign policy: Bring the troops home. Cut military spending. Balance the budget. Get the house in order. I do believe that this would make the whole world a better place. We would all have to solve our own problems ourselves.

In the end, we have a Great Leader, but we do not as yet have the Great Society. The key economic problem is Money – because of The State. And the key political problem is Security – because of The State once again. I would have been stuck to the TV if Ron Paul had been speaking, because it was always he who understood these evils well.

But Obama won the “competitive struggle for the people’s votes.” He is Reality. I just hope he doesn’t goof up on these two critical issues. If he does, I hope the Indian media will put the spotlight on Ron Paul. They totally ignored his campaign. What a shame.