Ron Paul Crushes the Market, Outperforms by 9%
and presidential hopeful Ron Paul is the leading advocate for freedom
in the United States. As a member of the House of Representatives,
Paul works for a small, constitutional government while advocating
low taxes, free markets, and a return to sound monetary policies.
the economic crisis, Paul has been particularly vocal on the debts
and the deficit. He consistently slams the Federal Reserve for over-inflating
Treasuries and feeding Washington's appetite for a fiscal policy
that he believes has gapped the abyss future generations will have
to pay to get out of.
the May jobs report came in much worse than analysts' expectations,
printing at +69,000 jobs added during the month, which compared
to estimates of +150,000. Equity markets spiked much lower after
the report was released; however, gold is currently rallying.
rate also increased to 8.2 percent from 8.1 percent.
at the internals, the government slashed 13,000 jobs, with 5,000
of the layoffs coming from the federal level, most related to the
In the private
sector, seasonal adjustments subtracted 800,000 jobs, on top of
the headline number of +89,000. All in all, this report creates
more confusion than it eases. This is only cultivating additional
vs. Ben Bernanke vs. Inflation
Amid the nasty
monthly release, gold futures saw a spectacular spike higher, as
hopeful investors now expect with more fruition that the Federal
Reserve will announce additional quantitative easing.
Paul has stated
that inflation, (which QE can eventually lead to), is just a form
of government theft in that it steals people's purchasing power
and destroys savings. He notes that the value of the Dollar has
declined 98% since the creation of the Federal Reserve in 1913 and
that the Federal Reserve has a terrible track record of getting
Back in February,
during Ben Bernanke's (Chairman of the Federal Reserve) testimony
on Capitol Hill, Paul jabbed at Bernanke saying, "You say
inflation is about 2%, I say 9%, let's just call it 5%... inflation
is taking money away from the people."
Ron Paul has
been a consistent opponent of runaway federal debt, deficit spending,
and Federal Reserve policies, and according to Paul, more QE would
do more bad than good for the US economy. Paul practices what he
preaches, meaning he owns gold - and a lot of it, at that.