Monday, August 27, 2012
Hey RNC, There Already Was a Gold Commission
Hey RNC, There Already Was a Gold Commission
by Mark A. Calabria
August 24, 2012 @ 11:38 am
The rumor is that Republicans, at their upcoming convention, will call for a government commission to study the feasibility of returning to a gold monetary standard. The platform would also call for a policy audit of the Federal Reserve, a proposal that has passed the House but is currently stuck in the Senate (and apparently opposed by the Obama White House).
First let's recognize that a GOP gold standard plank isn't all that novel. Republican platforms in the past have often alluded to "a dependable monetary standard," as both the 1980 and 1984 platforms made some reference to monetary matters. In fact, the 1980 election did result in the creation of a Gold Commission. Cato recently republished the commission's minority report, The Case for Gold, as a free ebook. So if Republicans want to consider some sort of gold standard, there is already a significant amount written on the topic. Cato also published a paper in 2008 by George Mason University professor Larry White on the economics of the gold standard.
On a broader level, what these platform additions truly represent is a dissatisfaction with the Federal Reserve, and not only its current monetary policies, but also its role in the numerous bailouts of 2008-9 and the extent to which its obsession with deflation contributed to the creation of a massive housing bubble. If Republicans truly want to take on the Fed (something I'm not all that convinced of), then exposing the Fed's repeated rescues and support of Wall Street would likely be far more effective. I've long been puzzled by how President Obama manages to talk tough on Wall Street while he stands next to Tim Geithner. If Mitt Romney wants to distinguish himself from the current president, the best thing he could do is call for Geithner to resign.
Republicans would also be wise to talk about the relationship between inflation and unemployment in the long run, which appears positive, rather than negative as the proponents of more Fed easing would have us believe. The single-minded focus on gold is likely to serve more as a distraction than anything else. I have about as much faith in the federal government picking the correct gold-dollar parity as I do in the Fed picking the correct interest rate. And of course, who is to say that gold is the correct commodity to use in the first place? But then, this concern is less about gold and more about the Fed. And while Republicans have regularly talked tough on the Fed, the truth is that it has usually amounted to little more than talk.
http://www.cato-at-liberty.org/hey-rnc-there-already-was-a-gold-commission/
Minority Report from the 1980 Gold Commission: https://mises.org/books/caseforgold.pdf
Re: Democratic Party's 'Islamic National Congress' at Charlotte
---
religious myth to ignore .... like Isaiah 53:6
it's fun to watch zionist republicans tremble
On Aug 26, 9:06 pm, Travis <baconl...@gmail.com> wrote:
> ** **
>
> Behind the Muslim Prayers :What do Muslims pray five times a day? Bigotry
> and hatred of the infidels...****
>
> ****
>
> http://islam-watch.org/authors/139-louis-palme/1082-behind-the-muslim...
> ****
>
> ****
>
> Nicole****
>
> ****
>
> *Democratic Party's 'Islamic National Congress' at Charlotte*****
>
> ****
>
> Sunday, 26 August 2012 05:33 Jake Neuman****
>
> The Democratic Party should be commended for defending the rights and
> liberty of women against the so-called declaration of war on women by the
> Republican Party. But they also deserve greater condemnation for promoting,
> with great fanfare and extravaganza, the Islamic declaration of war not
> only on women, but also on all non-Muslims of the world by organizing a
> giant Jumah prayer congregation at its National Convention to be attended
> by 20,000 invited Muslim devotees.****
>
> When Akin, the anti-abortionist Republican Senate candidate from Missouri,
> was asked on 19 August 2012 about his opinion about pregnancy resulting
> from rape, he replied:****
>
> "From what I understand from doctors, that's really rare… If it's a
> legitimate rape, the female body has ways to try to shut that whole thing
> down...****
>
> But let's assume that maybe that didn't work or something. I think there
> should be some punishment, but the punishment ought to be on the rapist and
> not attacking the child."****
>
> There is no such thing as "legitimate rape". Rape is rape. And the
> Democratic Party was right in calling Akin's remark a declaration of War on
> Women by the Republican Party.****
>
> Bu*t see, what the Democratic Party is doing now? Not only a declaration of
> war on women, but also paving the path for subjugation and extermination of
> the Jews and Christians!*****
>
> At this year's Democratic National Convention (DNC) at Charlotte, the
> Democratic Party is organizing a massive Jumah
> prayer<http://charlottein2012.com/events/jumah_at_the_2012_dnc> and
> has invited 20,000 Muslim faithfuls to attend the event.****
>
> "BIMA is hosting an open air Jumah Congregational Prayer at the Democratic
> National Convention Friday, August 31st at Marshall Park, Charlotte, North
> Carolina. The Jumah Prayer will be followed by a number of other (Islamic)
> programs and events."****
>
> Just when will the Democratic Party organize an open-air Christian or
> Jewish prayer, or a Hindu or Buddhist puja ritual, at its National Congress
> and would invite 20,000 pious faithfuls from those religions?****
>
> Now, what will the invited 20,000 pious Muslims be praying in their Jumah
> prayer at the DNC this year? The readers, may read author Louise Palme's
> essay "Behind the Muslim
> Prayers<http://www.islam-watch.org/authors/139-louis-palme/1082-behind-the-mu...>"
> to have a complete understanding of it. In short, in each Islamic prayer,
> Muslims have to recite the Quran's first Surah, Al-Fatihah, which starts as:
> ****
>
> Guide us to the straight path, the path of those whom You have favored,****
>
> Not of those who have incurred your wrath, nor of those who have gone
> astray.****
>
> The phrase 'those who have incurred your wrath' comes from Surah 2:61 which
> says, "*Shame and misery were stamped upon [the Israelites] and they
> incurred the wrath of Allah; because they disbelieved Allah's signs and
> slew His prophets unjustly; because they were rebels and transgressors*."***
> *
>
> The phrase "those who have gone astray" comes from Surah 4:44 which
> says, "*Consider
> those to whom a portion of the Scriptures was given [i.e., Christians].
> They purchase error for themselves and wish to see you go astray*."****
>
> So,* Muslims in their standard prayers ask their God Allah to keep
> themselves away from the path of the Jews and Christians*, *because they
> are unjust, transgressors, on an evil path, and have incurred the wrath
> Allah, Who has stamped shame and misery upon them. They repeat this
> supplication at least seventeen times in their daily prayers.*****
>
> Apart from this, with each recitation of the Surah Fatihah, they have to
> recite another smaller Surah or part of a big Surah randomly from the
> Quran. And we know that the greater part of the Quranic surahs and verses
> are about condemning the infidels – Jews, Christians, and Polytheists –
> even calling from their extermination (see Quran 9:5), subjugation and
> humiliation of Christian and Christian into paying jizya (see Quran 9:29),
> and even capturing infidels women for keeping as slaves and raping them
> such as in Quran 33:50:****
>
> O Prophet! surely We have made lawful to you your wives whom you have given
> their dowries, and those whom your right hand possesses out of those whom
> Allah has given to you as prisoners of war…****
>
> In fact, in Islam, there is no concept of rape, when forcible sexual
> violations involve non-Muslim women. In verses of the Quran and Sunnah of
> the Prophet, such sexual violations are made sanctimonious and encouraged
> Muslims to commit such sexual atrocities upon infidel women.****
>
> *So, what is the Democratic Party doing at its National Congress this year
> by holding giant Islamic Jumah prayer festivity?*****
>
> *Isn't it not only a declaration of war upon women, but also an open house
> for spreading hatred and inciting atrocities against all non-Muslims,
> specifically against the Jews of Christians of America?*****
>
> In fact, the Friday congregation prayer, aka Jumah prayer, is even more
> offensive to Jews and Christians, because it requires further recitation of
> Surah 62 (The Friday Congregation) and Surah 63 (The Hypocrites). Surah 62
> specifically condemns Gentiles as being "in gross error", and Jews are
> compared with "a donkey laden with books". Surah 63 condemns "hypocrites,"
> those who have renounced their Muslim faith. "They are the enemy. Guard
> yourself against them."****
>
> The* Democratic Party should be commended for defending the rights and
> liberty of women against the so-called declaration of war on women by the
> Republican Party. But they also deserve greater condemnation for promoting,
> with great fanfare and extravaganza, the Islamic declaration of war not
> only on women, but also on all non-Muslims of the world.*****
>
> *---*****
>
> Jake Neuman is the author of "Islam and Sharia Law Are Treason: Jihad Is
> Treason" and "Prophet Muhammad (AKA ALLAH): Monster of
> History.<http://www.islamreform.net/new-page-151.htm>"
> (free download)****
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**JP** اژدھا کے منہ میں چار سال 11-15
mooselimb jokes XXX guaranteed offensive !!!
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FDA just approved pill with computer chip inside
Dr. Eowyn posted: "Are you forgetful about taking your meds? Never fear! Enter the age of Digital Healthcare! Here's this new-fangled nifty little pill imbedded with a computer chip that'll help you keep track of your meds! All because we just want to help you! "
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