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06/03/2011

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"The Fed had indicated to the world that the GSEs are equivalent to U.S. Treasury bills and foreign central bankers have enthusiastically accommodated, sometimes by purchasing more than 10 billion dollars worth of these securities in one week alone." - Ron Paul

It truly is incredible that junk bonds were given AAA status because of an implicit backing by the government. What a mess.

Ron Paul was right but, like you wrote, people do not want Ron Paul just like they do not want freedom itself. They desire a leader of Shakespearean proportions. A glossy, primped, idiotic mountebank telling tales full of sound and fury, signifying nothing.

The consequence is, of course, our loss of liberty.

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