A hodgepodge of links, some more humorous than others.
Enjoy!
Total Fail: McCain's Own Aides Can't Defend Palin: (http://www.youtube.com/watch?v=m-9VW4ewI1M (PWNED!!!!! Here's the references: Article I, Sec. 3 & Article II.)
I thought we threw out that SOFA! Reuters: Thousands march in Baghdad against U.S. pact: http://www.reuters.com/article/homepageCrisis/idUSLI497299._CH_.2400 (Sorry, I can't seem to insert the link. Just copy and paste onto your address bar, or Google the bold text.)
Is history repeating itself? From PR.com: (Read in the Extened Post, the excerpt about the Gold standard).
[Continued]: PR.com: You obviously speak a lot about the U.S. dollar and about it no longer being backed by the gold standard as a source of our problems. But, wasn’t the gold standard done away with in the 1970’s?
Ron Paul: Well, that was the last nail in the coffin of the gold standard. The gold standard was relatively good in the 19th century but it was abused a lot then. So, we had booms and busts then because they abused it. One of the worst episodes was during the civil war period when they went off the gold standard completely. The gold standard was undermined systematically since 1913 with the introduction of the Federal Reserve System. They kept lowering requirements, and then when we had the Bretton Woods [system] after World War II, we couldn’t own gold since the depression time, but foreigners could turn in 35 dollars and get an ounce of gold from us. So, we were on a gold exchange standard. [emphasis added: See U.S. Debt Investors: Open Debate Thread. The only difference is that the treasury notes are the currency instead of the gold, but foreign investors held a lot of influence then, as now.] The dollar was supposed to be as good as gold and foreigners could hold us in check by every once in a while sending their dollars back demanding gold. In the 1960s we got furious with [French President Charles] de Gaulle because that’s what he was doing. After foreigners realized we were printing so much money and we didn’t have that much gold, there was a run on our gold and we had sold off almost 500 million ounces of gold at a price that was below the market, at 35 dollars an ounce. [emphasis added: One question; and the difference between then and China or the supposed bailout(sic).] In 1971 is when Nixon declared that in a couple of days we’re not going to have an ounce of gold left. That’s when he closed the gold window and didn’t even pretend to limit the number of dollars printed since 1971. That’s why the big bubble that I talk about has been developing since 1971. And if you look at all the debt charts and the spending charts and the inflation charts, everything just sky rockets after 1971. So, this has been a tremendous bubble built on the inflation of the dollar since that time. Time was just waiting for this thing to burst and that’s what has happened.
(Well, the situation with the dollar and some of our policies -- potentially -- since the Depression seemed to have been influenced by foreign investors buying up gold then, and now Treasury notes, IMO.)
EMK
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