(02-08-2013 11:35 AM)georgia_tech_swagger Wrote: Why is Germany concerned enough to consider repatriating their gold held by the FED for her in New York? Is it that the trust in the U.S. and dollar supremacy beginning to wane?
Germany's decision to let some portion of its gold be kept in physical custody on US soil was always a political act that arose from the unique context of the Cold War, when Germany was a divided nation and the threat of Russian invasion/occupation was real. It was never meant to be "forever" and quite honestly I'm surprised Germany didn't start this process 20 years ago.
Now, with all that said,
Yes the world's "trust" in the US, and the dollar's status as the reserve-currency of choice,
is unquestionably "waning" (I would argue that process began in the 1960s, but whatever. It's undeniably happening now). But Germany's decision to have physical custody of more of its own gold is not really a good indicator of that process.
Quote:Why is it political suicide for anyone to criticize AIPAC ?
You mean like Chuck Hagel? Good question, but the better question is, how do people commit political suicide and then get nominated for Secretary of Defense?
Quote:Why do some members defend free markets, but not civil liberties?
Why do some members defend civil liberties but not free markets? Aren’t they the same?
On a deep philosophical level, yes I think they are the same. But in the day-to-day, here-and-now of political argument, no they are not the same. And some members of Congress defend one more vehemently than the other because in some contexts they believe one is more urgent than the other.
Dr. Paul's question also overlooks the vital point that, in Congress, there are several members who just flat-out reject the idea of "free markets" and use their influence to restrict the ability of such markets to function. Yet, there are no members of Congress who flat-out reject the idea of "civil liberties" in the same way. So in that sense, the question is naïve and/or misleading. Neither quality is characteristic of Ron Paul, but I suspect he is being naïve in this instance.
Quote:Why should anyone be surprised that Congress has no credibility, since there’s such a disconnect between what politicians say and what they do?
I don't think anyone is surprised. At least, I've never heard anyone express surprise at that.