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Anarchy in Washington: Is Anybody in Charge?
Pentagon chief contradicts Obama on ground troops – Obama contradicts him back

The President pledges "no combat troops" in Iraq.

19 September 2014read on...

The Tower Of Babel Comes To Paris: The Folly Of Obama’s War On ISIS
US imperialism was once a fearsome force—mainly for ill. Under the latter heading, Washington’s savage destruction of Vietnam four decades ago comes readily to mind. But now the American Imperium has become just a gong show on the Potomac—even as its weapons have gotten more lethal and its purposes more  spurious and convoluted.

18 September 2014read on...

Poroshenko in Washington: A Marriage Made in Heaven?
Ukrainian President Petro Poroshenko’s visit to Washington tomorrow (Thursday) is the consummation of a marriage made back in February, when the Obama administration ripped up a compromise agreement between elected president Yanukovich and the rebels who were seeking to overthrow him. Overnight, the US government endorsed the rebels’ seizure of power, and it has not wavered in its support of the coup leadership from that point.

17 September 2014read on...

8 Reasons Why Congress Should Vote No on Training and Funding Syrian Rebels
Today Congress will vote on the McKeon Amendment, a piece of legislation most Americans haven't heard of. But the consequences of the vote today are grave: funding Syrian "rebels" will precipitate a new and wider war in the Middle East. Here are eight reasons why Congress should vote NO on the McKeon Amendment...

17 September 2014read on...

Ron Paul: War on ISIS is Foolish Continuation of 24 Years of US War in Middle East Ron Paul, speaking Monday with Erin Ade on RT, explained that it is “foolish” for the United States to wage war on ISIS in Iraq and Syria, noting that the new war is a continuation of 24 years of foolish US war in the Middle East. Instead of extending the war another six or more years, Paul says "it’s time to quit” and bring the US military back home.

Paul, who is RPI’s chairman and founder, minces no words in explaining his opposition to the US war on ISIS...

16 September 2014read on...

An Unbearable and Choking Hell: The Loss of Our Freedoms in the Wake of 9/11 What a strange and harrowing road we’ve walked since September 11, 2001, littered with the debris of our once-vaunted liberties. We have gone from a nation that took great pride in being a model of a representative democracy to being a model of how to persuade a freedom-loving people to march in lockstep with a police state.

16 September 2014read on...

Under Cover of Ceasefire, NATO-Armed Kiev Poised to Attack
Just over ten days ago, as the pro-independence forces in east Ukraine were on the march with significant gains on the battlefield, a ceasefire was signed in Minsk, Belarus. According to the terms of the ceasefire, the pro-independence fighters were to lay down their arms, cease their offensive to regain lost territory in the Donetsk and Lugansk region, and disband. 



16 September 2014read on...

Washington's War Against Russia
The new sanctions against Russia announced by Washington and Europe do not make sense as merely economic measures. I would be surprised if Russian oil and military industries were dependent on European capital markets in a meaningful way. Such a dependence would indicate a failure in Russian strategic thinking. The Russian companies should be able to secure adequate financing from Russian Banks or from the Russian government. If foreign loans are needed, Russia can borrow from China.

15 September 2014read on...

Are You Going to LPAC?
The Ron Paul Institute for Peace and Prosperity will be flying the peace flag at the Liberty Political Action Conference again this year. If you are interested in Ron Paul, his post-Congress mission to promote peace and prosperity, and the Institute he created, please stop in at the Ron Paul Institute booth at the LPAC exhibition hall. I look forward to meeting as many of you as I can. I want to hear what you think about the Ron Paul Institute and what you think we can do to improve. Most of all, I want you to be a part of our efforts to make the case for non-interventionism overseas and protection of civil liberties at home!

14 September 2014read on...

Will The Swiss Vote to Get Their Gold Back?
On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB's assets. Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland's central bank.

14 September 2014read on...

Featured Articles

US Sanctions on Russia May Sink the Dollar


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The US government's decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself. While the effect of sanctions on the dollar may not be appreciated in the short term, in the long run these sanctions are just another step toward the dollar's eventual demise as the world's reserve currency.
 
Not only is the US sanctioning Russian banks and companies, but it also is trying to strong-arm European banks into enacting harsh sanctions against Russia as well. Given the amount of business that European banks do with Russia, European sanctions could hurt Europe at least as much as Russia. At the same time the US expects cooperation from European banks, it is also prosecuting those same banks and fining them billions of dollars for violating existing US sanctions. It is not difficult to imagine that European banks will increasingly become fed up with having to act as the US government's unpaid policemen, while having to pay billions of dollars in fines every time they engage in business that Washington doesn't like.
 
European banks are already cutting ties with American citizens and businesses due to the stringent compliance required by recently-passed laws such as FATCA (Foreign Account Tax Compliance Act). In the IRS's quest to suck in as much tax dollars as possible from around the world, the agency has made Americans into the pariahs of the international financial system. As the burdens the US government places on European banks grow heavier, it should be expected that more and more European banks will reduce their exposure to the United States and to the dollar, eventually leaving the US isolated. Attempting to isolate Russia, the US actually isolates itself.
 
Another effect of sanctions is that Russia will grow closer to its BRICS (Brazil/Russia/India/China/South Africa) allies. These countries count over 40 percent of the world's population, have a combined economic output almost equal to the US and EU, and have significant natural resources at their disposal. Russia is one of the world's largest oil producers and supplies Europe with a large percent of its natural gas. Brazil has the second-largest industrial sector in the Americas and is the world's largest exporter of ethanol. China is rich in mineral resources and is the world's largest food producer. Already Russia and China are signing agreements to conduct their bilateral trade with their own national currencies rather than with the dollar, a trend which, if it spreads, will continue to erode the dollar's position in international trade. Perhaps more importantly, China, Russia, and South Africa together produce nearly 40 percent of the world's gold, which could play a role if the BRICS countries decide to establish a gold-backed currency to challenge the dollar.
 
US policymakers fail to realize that the United States is not the global hegemon it was after World War II. They fail to understand that their overbearing actions toward other countries, even those considered friends, have severely eroded any good will that might previously have existed. And they fail to appreciate that more than 70 years of devaluing the dollar has put the rest of the world on edge. There is a reason the euro was created, a reason that China is moving to internationalize its currency, and a reason that other countries around the world seek to negotiate monetary and trade compacts. The rest of the world is tired of subsidizing the United States government's enormous debts, and tired of producing and exporting trillions of dollars of goods to the US, only to receive increasingly worthless dollars in return.
 
The US government has always relied on the cooperation of other countries to maintain the dollar's preeminent position. But international patience is wearing thin, especially as the carrot-and-stick approach of recent decades has become all stick and no carrot. If President Obama and his successors continue with their heavy-handed approach of levying sanctions against every country that does something US policymakers don’t like, it will only lead to more countries shunning the dollar and accelerating the dollar's slide into irrelevance.
Copyright © 2014 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.
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