The Media Is Lying About the ‘Second Wave’

By Rep. Ron Paul

Global Research, June 30, 2020

The Ron Paul Institute for Peace and Prosperity 29 June 2020

For months, the Washington Post and the rest of the mainstream media kept a morbid Covid-19 “death count” on their front pages and at the top of their news broadcasts. The coronavirus outbreak was all about the number of dead. The narrative was intended to boost governors like Cuomo in New York and Whitmer in Michigan, who turned their states authoritarian under the false notion that destroying people’s jobs, freedom, and lives would somehow keep a virus from doing what viruses always do: spread through a population until eventually losing strength and dying out.

The “death count” was always the headline.

But then all of a sudden early in June the mainstream media did a George Orwell and lectured us that it is all about “cases” and has always been all about “cases.” Death, and especially infection fatality rate, were irrelevant. Why? Because from the peak in April, deaths had decreased by 90 percent and were continuing to crash. That was not terrifying enough so the media pretended this good news did not exist.

With massive increases in testing, the “case” numbers climbed. This is not rocket science: the more people you test the more “cases” you discover.

Unfortunately our mainstream media is only interested in pushing the “party line.” So the good news that millions more have been exposed while the fatality rate continues to decline – meaning the virus is getting weaker – is buried under hysterical false reporting of “new cases.”

Unfortunately many governors, including our own here in Texas, are incapable of resisting the endless lies of the mainstream media. They are putting Americans again through the nightmare of forced business closures, mandated face masks, and restrictions of Constitutional liberties based on false propaganda.

In Texas the “second wave” propaganda has gotten so bad that the leaders of the four major hospitals in Houston took the extraordinary step late last week of holding a joint press conference to clarify that the scare stories of Houston hospitals being overwhelmed with Covid cases are simply untrue. Dr. Marc Boom of Houston Methodist said the reporting on hospital capacity is misleading. He said, “quite frankly, we’re concerned that there is a level of alarm in the community that is unwarranted right now.”

In fact, there has been much reporting that the “spike” in Texas cases is not due to a resurgence of the virus but to hospital practices of Covid-testing every patient coming in for any procedure at all. If it’s a positive, well that counts as a “Covid hospitalization.” Why would hospitals be so dishonest in their diagnoses? Billions of appropriated Federal dollars are being funneled to facilities based on the number of “Covid cases” they can produce. As I’ve always said, if you subsidize something you get more of it. And that’s why we are getting more Covid cases.

Let’s go back to the original measurements used to scare Americans into giving up their Constitutional liberties: the daily death numbers. Even though we know hospitals have falsely attributed countless deaths to “Covid-19” that were deaths WITH instead of FROM the virus, we are seeing actual deaths steadily declining over the past month and a half. Declining deaths are not a great way to push the “second wave” propaganda, so the media and politicians have moved the goal posts and decided that only “cases” are important. It’s another big lie.

Resist propaganda and defend your liberty. That is the only way we’ll get through this.

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Featured image is from CODEPINKThe original source of this article is The Ron Paul Institute for Peace and ProsperityCopyright © Rep. Ron PaulThe Ron Paul Institute for Peace and Prosperity, 2020

The Federal Reserve: More Lethal than Coronavirus

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written by ron paulmonday may 4, 2020

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Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown. Following this announcement, Federal Reserve Chairman Jerome Powell urged Congress and the Trump administration to put aside any concerns about the deficit and spend whatever it takes to stimulate the economy and combat coronavirus.

The Federal Reserve previously announced it would make unlimited purchases of Treasury securities, thus encouraging Congress and the president to increase spending and debt. With some members of Congress talking about another multi-trillion-dollar stimulus bill, and with President Trump proposing a two trillion dollars infrastructure plan as a way to get Americans back to work, it is obvious, and not surprising, that Congress and President Trump gleefully agree with Powell’s advice.

Increasing the purchase of federal debt is not the only action the Fed has taken in a desperate attempt to keep the economy afloat. Since the coronavirus lockdowns began in early March, the Fed has greatly expanded its balance sheet. The Federal Reserve has also launched an unprecedented program to “loan” money directly to businesses.

While some states are beginning to end the lockdowns, it may be months or even another year before all the lockdowns are finally ended. It is unlikely that the economy will completely recover after the shutdown ends.

The economy was teetering on the brink of a recession months before anyone heard of coronavirus. Last September, a panicked Fed began emergency infusions of cash into the repurchasing market, which is where banks make short-term loans to each other. The Fed’s balance sheet expansion also began in September. The Fed was also pushing interest rates down before the coronavirus panic, and it will likely keep rates at or even below zero long after the crisis related to the shutdown subsides.

Economic stagnation combined with zero or negative interest rates remove incentive for people to save. This depletes the supply of private capital available to invest in businesses and jobs. The lack of private capital will put pressure on the Federal Reserve to maintain, and even expand, its new lending programs indefinitely.

Each of the Federal Reserve’s responses to the coronavirus shutdown increases the distortions of the market caused by the Federal Reserve’s meddling with the money supply and interest rates. These increased distortions guarantee the inevitable crash will be much more severe than the current downturn. The one upside is that the next meltdown will likely lead to the end of the fiat money system and thus the end of the welfare-warfare state.

The only way to minimize the coming crisis is to begin immediately unwinding the current system. The first step is to end the lockdown and let businesses reopen and people go back to work. Congress must then begin challenging monetary policy by passing the Audit the Fed bill. Congress should also cut spending, starting with ending our hyper-interventionist foreign policy and bringing the troops home. Ending the welfare-warfare state and the fiat money system may cause some short-term pain, but that pain will be dwarfed by the long-term gains in liberty, peace, and prosperity.

Will Coronavirus End the Fed?

By Rep. Ron Paul

Global Research, March 31, 2020

The Ron Paul Institute for Peace and Prosperity 

30 March 2020

September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed acted after interest rates in the repo market rose to almost 10 percent, well above the Fed’s target rate.

The New York Fed claimed its intervention was a temporary measure, but it has not stopped pumping money into the repo market since September. Also, the Federal Reserve has been expanding its balance sheet since September. Investment advisor Michael Pento called the balance sheet expansion quantitative easing (QE) “on steroids.”

I mention these interventions to show that the Fed was taking extraordinary measures to prop up the economy months before anyone in China showed the first symptoms of coronavirus.

Now the Fed is using the historic stock market downturn and the (hopefully) temporary closure of businesses in the coronavirus panic to dramatically increase its interventions in the economy. Not only has the Fed increased the amount it is pumping into the repo market, it is purchasing unlimited amounts of Treasury securities and mortgage-backed securities. This was welcome news to Congress and the president, as it came as they were working on setting up trillions of dollars in spending in coronavirus aid/economic stimulus bills.

Read more: Global Economy: Is the ‘Mother of all Bubbles’ About to Pop? QE on Steroids

This month the Fed announced it would start purchasing municipal bonds, thus ensuring the state and local government debt bubble will keep growing for a few more months.

The Fed has also created three new loan facilities to provide hundreds of billions of dollars in credit to businesses. Federal Reserve Chairman Jerome Powell has stated that the Fed will lend out as much as it takes to revive the economy.

The Fed is also reducing interest rates to zero. We likely already have negative real interest rates because of inflation. Negative real interest rates are a tax on savings and thus lead to a lack of private funds available for investment, giving the Fed another excuse to expand its lending activities.

The Fed’s actions may appear to mitigate some of the damage of the coronavirus panic. However, by flooding the economy with new money, expanding asset purchases, and facilitating Congress and the president’s spending sprees, the Fed is exacerbating America’s long-term economic problems.

The Federal Reserve is unlikely to end these emergency measures after the government declares it is safe to resume normal life. Consumers, businesses, and (especially) the federal government are so addicted to low interest rates, quantitative easing, and other Federal Reserve interventions that any effort by the Fed to allow rates to rise or to stop creating new money will cause a severe recession.

Eventually the Federal Reserve-created consumer, business, and government debt bubbles will explode, leading to a major crisis that will dwarf the current coronavirus shutdown. The silver lining is that this next crisis could finally demolish the Keynesian welfare-warfare state and the fiat money system.

The Federal Reserve’s unprecedented interventions in the marketplace make it more urgent than ever that Congress pass, and President Trump sign, the Audit the Fed bill. This would finally allow the American people to learn the truth about the Fed’s conduct of monetary policy. Audit the Fed is a step toward restoring health to our economic system by ending the fiat money pandemic that facilitates the welfare-warfare state and the unstable, debt-based economy.

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Note to readers: please click the share buttons above or below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.The original source of this article is The Ron Paul Institute for Peace and ProsperityCopyright © Rep. Ron PaulThe Ron Paul Institute for Peace and Prosperity, 2020

Ron Paul blasts unconstitutional US hit on Soleimani

January 03, 2020

How Congress and the Federal Reserve Stole Christmas

Ron Paul | Infowars.com – DECEMBER 23, 2019

The bickering over impeachment did not stop the president and Congress from coming together last week to avert a government shutdown by passing a 1.4 trillion dollar spending package.

The bipartisan agreement has something for everyone — a 22 billion dollars increase to bring total spending on militarism to 738 billion dollars, and a 27 billion dollars increase to bring total spending on domestic programs to 632 billion dollars. It also imposes a national ban on selling tobacco products, including e-cigarettes, to anyone under 21.

The agreement was split into two bills. Both bills were unveiled last Monday afternoon. The bills passed the House on Tuesday, so only the House leadership and the members of the Appropriations Committee (and their staffs) who helped write the over 2,000-page deal had any idea what was in the bills. But most members voted for the spending bills because they were fearful of backlash over another Christmastime government shutdown. House leadership simply “waived” the rule requiring that all legislation be available at least three days before being voted upon.

The modern practice of funding the government via gigantic omnibus bills that are rushed into law puts the growth of government on autopilot. This practice also gives the president more influence over the budget, violating the spirit, if not the letter, of the Constitution’s grant of authority to Congress to appropriate funds, which was intended as a check on executive power.

Meanwhile, the Federal Reserve continues pumping billions into the repurchasing market. When the Fed began injecting money into the market in September, it said intervention was a temporary measure to address a short-term liquidity shortage. Three months later, the Fed is not only continuing to bail out the repurchasing market, it is preparing for other bailouts. This is further evidence that we are on the verge of another Fed-created economic crisis.

When the crisis hits, the best thing the Fed could do is not to lower interest rates below the levels set by the market. This would allow consumers, businesses, and government to liquidate their debt and restore a sound foundation for future growth. If the Fed did not interfere with the painful but necessary correction, it would only be a short time before a real economic boom commenced.

The Federal Reserve is unlikely to follow this path because of the short-term pain it would cause debt-ridden consumers and, more importantly, the pain it would cause politicians who would be forced to cut spending and/or raise taxes. But continuing to artificially lower interest rates will inevitably result in an economic crisis brought about by a rejection of the dollar’s world reserve currency status.

The Federal Reserve’s manipulation of interest rates depreciates the dollar’s value, enabling the growth of the welfare-warfare state while enriching the insiders who receive the new money before prices rise. The brunt of dollar depreciation is felt by middle- and working-class Americans whose paychecks do not keep up with the rising cost of living.

Inflation is nothing more than a hidden and regressive tax. Auditing and ending the Fed should thus be a top priority of those concerned about rising income inequality and poverty, as well as those dreaming of a Christmas free of 2,000-page omnibus spending bills.

ronpaulinstitute.orgThe views of individual contributors do not necessarily represent those of the Strategic Culture Foundation.

“Our empire is coming to an end,” says Ron Paul

Ron-Paul

Former Congressman Ron Paul weighed in on the actions of the United States as it struggles to preserve its empire, and how Russia gets scapegoated in this process [some textual corrections made]:

The US effort to preserve its global dominance is a costly endeavor based on threats and keeping the American people in the dark about what is going on, former US congressman and libertarian politician Ron Paul told RT.

Paul, who heads an institute named after himself, says he and his colleagues are trying to alert Americans about the dangers of Washington’s foreign policy, which, he believes, will ultimately be detrimental to American interest.

In the Ron Paul Institute, many believe that “what we are trying to do is maintain a modern day empire,” he said, “and that requires a lot of force and a lot of lying too to misinform people in order for the American people to go along with it.”

Washington’s casual use of sanctions, or threats thereof, is one example of this strong-arm approach. Just this week, US envoy to the UN, Nikki Haley, bragged on Fox News that the US sanctions against Iran were “suffocating them”.

“If people don’t do what we want and obey us, then we put sanctions on them. To me that is the same as war effort when you do this. I think the threats are terrible, sanctions are terrible on principle,” Ron Paul said.

“In the long term it will be detrimental to the United States, because it’s very costly and it’s undermining our alliances with anybody that we want to work with,” he warned. “People are getting tired of us throwing our weight around and putting on sanctions and believing that everybody has to act exactly as we say.”

Paul also said he believed the US policy in Syria, which is based on a necessity to oppose Iranian influence there even if it means allying with groups like Al Qaeda, was very dangerous. The Trump administration is “making sure that we are on the side, who will remain very anti-Iran, and that puts us into a situation, where we have to be anti-Russia too,” he said.

This is not the first time Congressman Paul has spoken about this problem. In January of this year he also gave an interview with RT in which he maintained that

“America’s reckless debt and military spending will eventually cause the system to crash and burn like the final days of the Soviet Union.”

“We’re gonna have a sudden, cataclysmic end which is sort of what happened to the Soviet system. It’s not going to be identical, there was a succession movement and some of those countries left the Soviet system. Our states probably aren’t going to break up, but I do sincerely believe that we will no longer be able to afford our empire around the world.

Our empire, although we don’t claim ownership to it, it’s a lot of money and a lot of influence, and we threaten with weapons and we use sanctions to hold our empire together, [but] I think that’s coming to an end.”

By Seraphim Hanisch
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