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Ron Paul and Mark Spitznagel Talk Freedom, Farming, and the Fed Ron Paul and Mark Spitznagel share a passion for non-interventionism, free markets, and Austrian economics. Congressman Paul served many years as a U.S. Representative from Texas, spanning 1976 to 2013, and was a Republican presidential candidate in 2008 and 2012. He has written extensively on liberty and politics, including The Revolution: A Manifesto and End the Fed. Spitznagel is the founder of Universa Investments, an investment advisor that specializes in tail-hedging, and is the author of The Dao of Capital, for which Paul wrote the Foreword. The two friends sat down recently to discuss topics ranging from the liberty movement and agricultural policy, to the consequences of Federal Reserve monetary policy. Here is a transcript of their conversation:



26 August 2014read on...

Peace President Plots War on Syria The Obama administration is reportedly preparing to begin air strikes on Syrian territory without the consent of the Syrian government. The pretext is the rapidly expanding US war on ISIS, but in fact this is the long-desired US attack on Syria that was temporarily thwarted, reportedly by popular opposition last year (but more likely by US knowledge that its claims the Assad government was behind the chemical attacks at Ghouta had no basis in reality and would not stand up to even superficial scrutiny).

26 August 2014read on...

The Syrian Arab Government and ISIS Have Always Been Enemies There is all kinds of nonsense circulating in the mainstream media and in the wilder reaches of the internet galaxy concerning ISIS (IS) and the Syrian government (SAG). There are also an amazing number of stories on the web that claim that "The Caliph Ibrahim" (Baghdadi) is actually an Israeli Jew, born in Israel to Jewish parents. Whoa! That's a great one! It has its origins in Iranian media that is selling the idea that Snowden says so. OK. Let's see the intercepts that Snowden is said to have on that subject.

25 August 2014read on...

Missed Ron Paul's Birthday? It's Not Too Late To Claim Your Gift! Thanks to so many of you who responded to Ron Paul's birthday fundraising appeal. Your contribution helps us continue to promote Dr. Paul's views worldwide. Guess what: we have only just begun! With your help we will take the message of liberty and non-interventionism straight to the neocon camp! We have them on the ropes! Please help us finish the job!

If you missed the appeal, it is not too late to take advantage of Dr. Paul's offer to personally sign his "Foreign Policy of Freedom" book to you as a gift for your minimum $100 donation. Please click here for more details.

25 August 2014read on...

Ferguson: The War Comes Home
America’s attention recently turned away from the violence in Iraq and Gaza toward the violence in Ferguson, Missouri, following the shooting of Michael Brown. While all the facts surrounding the shooing have yet to come to light, the shock of seeing police using tear gas (a substance banned in warfare), and other military-style weapons against American citizens including journalists exercising their First Amendment rights, has started a much-needed debate on police militarization.

24 August 2014read on...

Obama's Skewed Policy Priorities in Middle East
The US State Department has maintained that continuity rather than change in the American policy is what should be expected in the aftermath of the killing of photojournalist James Foley by the Islamic State of Iraq and Syria early this week.

24 August 2014read on...

Cautious Outrage Over Alleged Foley Execution


The alleged beheading of freelance journalist James Foley by the shadowy ISIS (or Islamic State) has sparked outrage and horror around the globe.



23 August 2014read on...

US/NATO Slam Russian Aid to Eastern Ukraine After waiting more than a week on the border with Ukraine while the Kiev government's cooperation then condemnation switched several times, Moscow gave the green light for its humanitarian convoy of 280 trucks to enter war-torn Lugansk today. Civilians in breakaway areas of Ukraine have suffered without food and water for weeks and the International Committee of the Red Cross (ICRC) agreed that the situation was desperate.

22 August 2014read on...

Hagel and Dempsey: We Must Attack Syria! Get Ready! The Islamist ISIS/ISIL gang is providing the pretext for another major US war in the Middle East. Top US administration officials are turning up the war and atrocity rhetoric to full volume. Something is happening.

21 August 2014read on...

Obama, Democrats, Republicans, and NATO: Still Playing the Islamists’ Foil
Listening to President Obama speak of Iraq on 18 August 2014 underscores the point made above by Polybius, and it also validates the brilliant diplomat George F. Kennan’s argument that America is virtually incapable of conducting an effective foreign policy because of our leaders’ minimal knowledge of how the world works and the dominance of domestic considerations on the policies they pursue overseas. In Obama’s short statement on Iraq both of these negative factors were clearly evident.

21 August 2014read on...

Featured Articles

The Real Meaning of President Obama’s National Security Speeches


This past Thursday and Friday, President Obama delivered two speeches designed to outline his new thinking on national security and counter-terrorism. While much was made in the media of the president’s statements at the National Defense University and the US Naval Academy suggesting that the most active phase of US military action overseas was coming to an end, this “new” approach is but the same old policy wrapped in new packaging. In these addresses, the president panders to the progressives, while continually expanding and solidifying the "enabling act” principle.

The president will continue and even expand drone attacks overseas because they are “less deadly” than ground invasions. He promises to be more careful in the future.

He is entertaining the introduction of “kill courts” which will meet in secret to decide who is to be executed without trial or charge. He promises these will have sufficient oversight.

He will seek a new and updated Authorization for the Use of Military Force to expand his legal authority to wage war wherever and whenever he wants. He promises it will one day be repealed.

He will continue to indefinitely detain at Guantanamo individuals who have been neither charged nor convicted of any crime, and who cannot even be tried because they were tortured and thus the evidence is tainted. He promises to “commit to a process of closing GTMO.”

The speech speaks of more war and more killing and more interventionism all masked in the language of withdrawal.

The president warns of the threats of the new al-Qaeda affiliates that have sprung up in places like Iraq without explaining that it was the US invasion of Iraq that opened the door to their entry in the first place. There was no al-Qaeda in Iraq before the US overthrow of Saddam Hussein, just as there was little extremism in Libya before the US attack on that country in 2011.

The president claims that “unrest in the Arab world has also allowed extremists to gain a foothold in countries like Libya and Syria.” However, it was the US-led attack on Libya that resulted in extremists gaining power there, with many fighters afterward spreading unrest and destruction by joining the wars against the Syrian and Malian regimes. The extremists brought to de facto power in places like Benghazi were responsible for the murder of the US ambassador, yet the president says nothing about that unintended consequence of his interventionist policies.

He calls for even more interventionism in the future, but he promises that it will be a different kind of interventionism. He wants the US to shape democratic transitions in Tunisia, Egypt, and Libya while actively supporting those seeking to overthrow the government in Syria.

He wants to take nation-building to a whole new level, urging that the US “help countries modernize economies, upgrade education, and encourage entrepreneurship.” He promises to battle extremism overseas by “training security forces in Libya, maintaining peace agreements between Israel and its neighbors, feeding the hungry in Yemen, building schools in Pakistan, and creating reservoirs of goodwill that marginalize extremists.”

What the president does not seem to understand is that we do not have the money to build schools, upgrade education, modernize economies, and encourage entrepreneurship overseas at a time when our national debt is $16 trillion. And besides, isn’t it a deeply flawed idea that the US government can achieve all of these remarkable results overseas when we know what a disaster these big government undertakings have produced at home? What we reject at home as Soviet-style central planning is fully embraced as effective foreign policy overseas. Should it really be the US government’s role to “modernize economies” or “encourage entrepreneurs” anywhere? Those are activities best left to the private sector, whether here at home or in far off lands.

President Obama’s speech is not at all what it seems. It is a call for more empire and more power to the executive branch. The president promises that “this war, like all wars, must end.” Unfortunately the war on the American taxpayer never seems to end. But end it will, as we are running out of money.


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