CNN Defends the Fed – Calls Ron Paul Economically Illiterate
The Daily Bell
contender attended college. They all graduated. They went to schools
like the University of Pennsylvania, Columbia, Texas A&M, Morehouse,
Penn State and Emory. But decades have passed since these Presidential
candidates first stepped onto campus as freshmen. Is it time for
an Econ 101 refresher course? America's Econ 101 professors say
yes. In their view, the candidates continue to offer ideas and policies
that wouldn't pass muster in their classes populated by 18
year-old college students. "There are so many economic 'misstatements'
being made," said Jonathan Lanning, a professor at Bryn Mawr
who is teaching two introductory economics classes this semester.
"And it isn't confined to any one candidate." ... Another
professor who teaches at the University of North Carolina at Chapel
Hill, Michael Salemi, was able to identify statements from six candidates
that "would earn failing grades in my Econ 101 class."
Salemi called Ron Paul's rationale for returning to the gold standard
"one of the most dangerous ideas put forward by a politician
in recent years." ~ CNN Money
Social Theme: When it comes to economics, Ron Paul doesn't know
what he's talking about.
Analysis: So here comes Dr. Michael Salemi to defend central
banking from Ron Paul. And where does his defense appear? On CNN,
of course, the pre-eminent US media mouthpiece for the Anglosphere
The more CNN
sinks in the ratings, the more support it gets. It's kind of the
anti-news channel in this regard or perhaps the media's most prominent
example of the Peter Principal (outside of AOL, another elite-controlled
outfit). CNN is constantly failing upward, along with CIA-trained
by Salemi (see article excerpt above) is especially egregious. Ron
Paul has written books on free-market economics and was a close
friend of the great libertarian economist Murray Rothbard who along
with Lew Rockwell founded the Mises Institute.
numbers of Ludwig von Mises Google cites rival those of the Fabian
fraud, John Maynard Keynes. Free-market thinking has swept the world,
magnified by the megaphone of communications technology and the
Internet Reformation. What's Salemi ever done other than to offer
up misinformation to overly-trusting students?
This is nothing
but a big dominant social theme of the power elite. The meme is
simple: Central banks are a natural progression of the money system
and anyone who contradicts them is being foolish and economically
true, of course. Central bankers FIX the supply of money by deciding
on its volume and price. Price-fixing never works. It merely transfers
wealth from those who produce it to those who have not and don't
have any idea of how to deploy it efficiently. That's why lottery
winners are always going broke and why the government itself
a price-fixing machine can never get anything right.
and law is a price fix, creating unpredictable and destructive results.
Eventually, you get to the point where the economy is so distorted
that no one knows what to invest in any more. The economy grinds
to a halt. No one wants to build anything. Jobs wither and die.
That's where we are now.
But the powers-that-be
will do ANYTHING to defend central banking, which is the fount and
source of all their power. Now they're heading toward SDRs and a
world currency. In fact, the plan is becoming abundantly clear:
Topple the global economy in order to make the Western middle classes
(the enemy of the power elite) so miserable that they will willingly
acquiesce to world government.
There is no
need for central banks or central banking but they are all over
the world now. It is a disease of the 20th century, transmitted
to the 21st. The elites know quite well that central banking brings
misery and destruction on all. But still they pursue it. The rewards
are too great to do otherwise.
But at what
cost? They've destroyed America's standard of living, are setting
Europe on fire, and soon China may collapse as well. How can anyone
deny the history of central banking or its terrible results?
And this is
the penultimate moment. "They" are striking now, putting
into motion what seems to be a malicious and bloodthirsty plan that
has deliberately degraded the living standards of billions in order
to generate the intended result. Here's some more from the article:
Bachmann promised to bring back $2 gas. Tim Pawlenty suggested sustained
5% GDP growth was a realistic target. Rick Perry would balance the
budget with lower tax revenues. No dice, say the professors.
Golub, who is teaching Econ 101 at Swarthmore College this semester,
said some of the ideas floated by Presidential candidates would
earn a failing grade in his class. "I think it's grossly irresponsible
what they are saying," Golub said. "It's not about economics.
It's about getting elected. They are promising things that are impossible
to deliver or make little sense."
sounds good on the campaign trail. Not in the classroom. The simple
laws of supply and demand render Bachmann's $2 gas promise void,
said Erik Nelson, an Econ 101 professor at Bowdoin College. Federal
Reserve: GOP's whipping boy Rick Perry labeling Federal Reserve
Chairman Ben Bernanke as treasonous? "Really over the top,"
said Golub ... Neither "side" has a "truly comprehensive
understanding of even basic economics ... "
See the cleverness
that CNN employs in propagating this pro-central banking meme? They
lump together Congressman Ron Paul (a profound free-market scholar)
with shambling Bilderberg-approved wannabees like Romney and Rick
Perry (who can't even remember his own lines).
End the Fed.
End the horror. End the economic depressions and their truly genocidal
misery. And, hey ... don't bring back the gold standard! Let it
arise naturally as the result of competing "money." A
private gold and silver standard has been the hallmark of human
prosperity for hundreds and even thousands of years. We have no
doubt where a free society would end up, moneywise.
The ratio between
gold and silver alerts "commoners" to times when the elites
are attempting to manipulate gold, which has always been the money
of the upper classes. That's why gold and silver have traditionally
been paired within free-market environments.
All this is standard stuff but it has been purposefully obscured
by the paid liars of the power elite who populate what we laughingly
call the West's "university system." Ron Paul has more
knowledge about the economy in one tiny finger than these sophists
of monetary thuggery have in their entire collective body.
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