First off, I have no emotional stake in this election. If Romney or Gingrich or Perry get the nod, I’ll just hope for the best. At the same time, what DOES bother me emotionally is the sheer quantity of stupidity out there. Stupidity is like a blackness hanging in the air, killing everything good in the world. And plainly there are those who feed it. This bothers me.
In any event, the following is a response to this link: http://news.yahoo.com/paul-builds-campaign-doomsday-scenarios-161301486.html
So you count as definitive the opinions of an analyst from JP Morgan Chase, whose firm quite literally IS the Fed, or a very important part of it? Here is how our system works: a dozen or so massive banks work in committee in the morning at the Fed, vote themselves money, then go across the street and spend it. What do you think “quantitative easing” was? We know $600 billion or so was spent. On what? To whom was it given? Anyone? Any answers? You don’t know because this is not public knowledge. Money is created and distributed to ANYONE THEY WANT. There are no rules. There is no oversight.
If you want to understand how our system actually works, read my treatise here, collated from previous work, without effect, for the unwashed fools camping out in our major cities: http://www.goodnessmovement.com/Page23.html
It is quite literally the case that were we to end the leaks in wealth creation caused by the fractional reserve banking system and the Fed which enables it, then ALL OF OUR ECONOMIC PROBLEMS WOULD BE SOLVED. We would be able to work 5 hour work weeks, have zero national debt, and zero unemployment. These are not small problems; they are the only problems that, in the end, matter.
For the simple reason that substantially all contemporary economists lack either the balls or the insight to recognize this, by definition only marginalized people will speak openly of these facts. That Paul is getting support likewise means that many, many Americans are openly rejecting our rapidly failing status quo, which is all to the good.
Paul has my vote. I will add that because no conservative will be able to contemplate voting for Obama, Paul will get all those votes, and very large segments of Obama’s alienated followers. He is in my view electable. Our problems are huge, and even if the mainstream establishment and media refuse to acknowledge this, most of us care about the future and are not stupid.