Category Archives: Ron Paul

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

Candidate Trump: "I Love Wikileaks."

President Trump: "Arrest Assange!"

I love Wikileaks, candidate Donald Trump said on October 10th on the campaign trail. He praised the organization for reporting on the darker side of the Hillary Clinton campaign. It was information likely leaked by a whistleblower from within the Clinton campaign to Wikileaks.

Back then he praised Wikileaks for promoting transparency, but candidate Trump looks less like President Trump every day. The candidate praised whistleblowers and Wikileaks often on the campaign trail. In fact, candidate Trump loved Wikileaks so much he mentioned the organization more than 140 times in the final month of the campaign alone! Now, as President, it seems Trump wants Wikileaks founder Julian Assange sent to prison.

Last week CNN reported, citing anonymous intelligence community sources, that the Trump Administrations Justice Department was seeking the arrest of Assange and had found a way to charge the Wikileaks founder for publishing classified information without charging other media outlets such as the New York Times and Washington Post for publishing the same information.

It might have been tempting to write off the CNN report as fake news, as is much of their reporting, but for the fact President Trump said in an interview on Friday that issuing an arrest warrant for Julian Assange would be, OK with me.

Trumps condemnation of Wikileaks came just a day after his CIA Director, Michael Pompeo, attacked Wikileaks as a hostile intelligence service. Pompeo accused Assange of being a fraud a coward hiding behind a screen.

Pompeos word choice was no accident. By accusing Wikileaks of being a hostile intelligence service rather than a publisher of information on illegal and abusive government practices leaked by whistleblowers, he signaled that the organization has no First Amendment rights. Like many in Washington, he does not understand that the First Amendment is a limitation on government rather than a granting of rights to citizens. Pompeo was declaring war on Wikileaks.

But not that long ago Pompeo also cited Wikileaks as an important source of information. In July he drew attention to the Wikileaks release of information damaging to the Clinton campaign, writing, Need further proof that the fix was in from President Obama on down?

There is a word for this sudden about-face on Wikileaks and the transparency it provides us into the operations of the prominent and powerful: hypocrisy.

The Trump Administrations declaration of war on whistleblowers and Wikileaks is one of the greatest disappointments in these first 100 days. Donald Trump rode into the White House with promises that he would drain the swamp, meaning that he would overturn the apple carts of Washingtons vested interests. By unleashing those same vested interests on those who hold them in check the whistleblowers and those who publish their revelations he has turned his back on those who elected him.

Julian Assange, along with the whistleblowers who reveal to us the evil that is being done in our name, are heroes. They deserve our respect and admiration, not a prison cell. If we allow this president to declare war on those who tell the truth, we have only ourselves to blame.

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Ron Paul Rages At Trump: "Assange Is A Hero... Don't ...

JULIAN ASSANGE, OTHER WHISTLEBLOWERS ARE HEROES

I love Wikileaks, candidate Donald Trump said on October 10th on the campaign trail. He praised the organization for reporting on the darker side of the Hillary Clinton campaign. It was information likely leaked by a whistleblower from within the Clinton campaign to Wikileaks.

Back then he praised Wikileaks for promoting transparency, but candidate Trump looks less like President Trump every day. The candidate praised whistleblowers and Wikileaks often on the campaign trail. In fact, candidate Trump loved Wikileaks so much he mentioned the organization more than 140 times in the final month of the campaign alone! Now, as President, it seems Trump wants Wikileaks founder Julian Assange sent to prison.

Last week CNN reported, citing anonymous intelligence community sources, that the Trump Administrations Justice Department was seeking the arrest of Assange and had found a way to charge the Wikileaks founder for publishing classified information without charging other media outlets such as the New York Times and Washington Post for publishing the same information.

It might have been tempting to write off the CNN report as fake news, as is much of their reporting, but for the fact President Trump said in an interview on Friday that issuing an arrest warrant for Julian Assange would be, OK with me.

Trumps condemnation of Wikileaks came just a day after his CIA Director, Michael Pompeo, attacked Wikileaks as a hostile intelligence service. Pompeo accused Assange of being a fraud a coward hiding behind a screen.

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Pompeos word choice was no accident. By accusing Wikileaks of being a hostile intelligence service rather than a publisher of information on illegal and abusive government practices leaked by whistleblowers, he signaled that the organization has no First Amendment rights. Like many in Washington, he does not understand that the First Amendment is a limitation on government rather than a granting of rights to citizens. Pompeo was declaring war on Wikileaks.

But not that long ago Pompeo also cited Wikileaks as an important source of information. In July he drew attention to the Wikileaks release of information damaging to the Clinton campaign, writing, Need further proof that the fix was in from President Obama on down?

There is a word for this sudden about-face on Wikileaks and the transparency it provides us into the operations of the prominent and powerful: Hypocrisy.

The Trump Administrations declaration of war on whistleblowers and Wikileaks is one of the greatest disappointments in these first 100 days. Donald Trump rode into the White House with promises that he would drain the swamp, meaning that he would overturn the apple carts of Washingtons vested interests. By unleashing those same vested interests on those who hold them in check the whistleblowers and those who publish their revelations he has turned his back on those who elected him.

Julian Assange, along with the whistleblowers who reveal to us the evil that is being done in our name, are heroes. They deserve our respect and admiration, not a prison cell. If we allow this president to declare war on those who tell the truth, we have only ourselves to blame.

Ron Paulis a former U.S. Congressman from Texas and the leader of the pro-liberty, pro-free market movement in the United States. His weekly column reprinted with permission can be foundhere.

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Ron Paul: Donald Trump's Dangerous Wikileaks Flip-Flop - FITSNews

The Liberty Conservative

Cato VP Attacks Ron Paul, Calls His Ideas a Hideous Corruption Of Libertarian Ideas The Liberty Conservative Following his attack on Ron Paul, Lindsey also attacked libertarian theorist and luminary Murray Rothbard, whom Ron Paul had called the founder of the modern libertarian movement. In the tweet, Lindsey blamed Rothbard for the ugly illiberal streak ...

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Cato VP Attacks Ron Paul, Calls His Ideas a Hideous Corruption Of Libertarian Ideas - The Liberty Conservative

Eagle Bancorp, Inc. (NASDAQ:EGBN)

Q1 2017 Results Earnings Conference Call

April 19, 2017, 10:00 AM ET

Executives

Charles Livingston - CFO

Ron Paul - Chairman & CEO

Janice Williams - EVP & CCO

Analysts

Andrew Taylor - KBW

Casey Whitman - Sandler ONeill

David Bishop - FIG Partners

Austin Nicholas - Stephens

Operator

Good day, ladies and gentlemen and welcome to the Eagle Bancorp First Quarter 2017 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would like to introduce your host for today's conference Charles Livingston, Chief Financial Officer. Sir, you may begin.

Charles Livingston

Thank you, Terrance. Good morning. This is Charles Livingston, Chief Financial Officer of Eagle Bancorp. Before we begin the presentation, I would like to remind everyone that some of the comments made during this call maybe considered forward-looking statements. Our Form 10-K for the 2016 fiscal year, our quarterly reports on Form 10-Q and current reports on Form 8-K identify certain factors that could cause the Company's actual results to differ materially from those projected in any forward-looking statements made this morning. The Company does not undertake to update any forward-looking statements as a result of new information or future events or developments. Our periodic reports are available from the Company or online on the Companys website or the SEC website. I would like to remind you that while we think that our prospects for continued growth and performance are good, it is our policy not to establish with the markets any earnings, margin or balance sheet guidance.

Now, I would like to introduce Ron Paul, the Chairman and CEO of Eagle Bancorp.

Ron Paul

Thank you, Charles, and thanks for your first kick-off of our earnings call and your new role as CFO. Welcome to all of you on the line for the discussion of our results in the first quarter of 2017. We appreciate you joining us this morning and your continued interest. Our Chief Credit Officer, Jan Williams is also on the line with us and she, Charles and I will be glad to answer any questions later in the call.

We are very pleased to announce that earnings for the first quarter were $27 million, a 16% increase from the $23.2 million for the third quarter - for the three quarters ending March 31, 2016 and a 5% increase over the net earnings in the fourth quarter of 2016 of $25.7 million. These earnings included a $589,000 benefit or $0.02 per share for the accounting change related to the share based compensation transactions mentioned in last night's press release.

Excluding this benefit, from the new accounting guidance net income was $26.5 million and earnings per diluted share was $0.77 for the first quarter of 2017 increased from $0.68 a year ago and $0.75 for the first quarter of 2016. We are very proud to continue our record of consistent growth and earnings with this being our 33rd consecutive quarter of record net income.

We are pleased not only by the growth in net income but with the quality of our earnings and a high level of profitability which is reflected in a return on average assets of 1.62% during the first quarter which is an increase from 1.54% in the first quarter of 2016. This is the highest ROAA we have ever achieved. The return on average common equity was 12.74% for the first quarter improve from 12.39% a year ago.

The highlights of our performance in the first quarter and the key drivers of the increased profitability were very favorable net interest margin, excellent credit quality with low levels of charge-offs and a continued focus on maintaining operating leverage resulting in a favorable efficiency ratio.

Loan and deposit growth which generally a seasonally lower in the first quarter exhibited respectable increases for the period and I'm pleased to report that as of March 31, total assets exceeded $7 billion. Revenue for the first quarter was driven by growth in net interest income which represented a 7% increase over the first quarter of 2016 and was consistent with the fourth quarter of 2016.

The higher net interest income was derived from the growth in the loan portfolio, higher average loan yields, and balance sheet management in accordance with our disciplined ALCO process. Total revenue increased 6% over the same quarter of 2016.

We achieved the strong net interest margin of 4.14% for the first quarter of 2017. As was anticipated due to continuing low interest rates, the margin was lower than the 4.31% reported in the first quarter a year ago. However we are pleased that the margin was improved from 3.96% in the fourth quarter of last year. The improvement in the margin as compared to the fourth quarter of 2016 was due to two factors.

First, we have higher low level in our mix of earned assets as we manage down the high levels of liquidity that we had carried in the third and fourth quarters of last year. More importantly, we continue to see a trend of improving loan yields. We still feel that we have better pricing power for medium and larger-sized loans than we did at this time last year, while we are maintaining our credit discipline.

The average yield on loan portfolio was 5.13% for the first quarter of 2017. While this yield is the same as the first quarter of 2016, it is up from 5.08% and 5.11% respectively in the third and fourth quarters of 2016.

Our earnings for the first quarter also benefited from our focus on maintaining strong operating leverage. Total revenue for the first quarter of 2017 increased 6% over the same period in 2016. Non-interest expense for the quarter was $29.2 million which was up only 4% as compared to the first quarter of 2016 and down from 2% from the fourth quarter of 2016.

In total, non-interest income was down 3% in the first quarter of 2017 as compared to the first quarter of 2016. However, this decline was primarily due to a non-recurring gain on OREO which we reported in the first quarter of 2016.

On a recurring basis, non-interest income was up 10% in the first quarter 2017 over 2016 due primarily to increased gain on the sale of residential mortgages which were $2 million for the first quarter of 2017 up from $1.2 million one year ago. Our FHA Group is continuing to work through the approval process with Ginnie Mae and we are still expecting significant fee income from this business line later in 2017.

The efficiency ratio improved to 40.06 for the first quarter as compared to 40.80 a year ago, and 40.22 in the fourth quarter of 2016. At 29.2 million, non-interest expenses for the first quarter of 2017 were down 2% from the level of fourth quarter of 2016.

During the first quarter of 2017 versus 2016 we benefited from our continued focus on expense management and its impact on operating leverage. We are seeing the benefit of the relocations within our branching system completed last year. Our average deposits per branch are now up 257 million as compared to the average for the Washington Metropolitan area of 112 million.

At the same time, we are prudently adding staff in our lending units and the heart of the house operations and systems departments. So, while we continue to maintain the sound infrastructure needed to ensure quality of operations, meet all compliance requirements, and provide superior customer service, we also consistently realize the opportunities for improving operating leverage and feel we can maintain the efficiency ratio in the range achieved over the last several quarters.

At March 31, 2017 the loan portfolio had increased 13% over the balance at March 31, 2016. We achieved net loan growth during the first quarter of 2017 of $147 million or about 2.6% despite approximately $125 million of payoffs in the last week of December and first week in January and the fundings of new loans late in the first quarter.

Our loan pipeline continues a very good level and we continue to see loan demand throughout the Washington Metropolitan region. The positive balances at March 31, 2017 had grown $600 million or 12% since March 31, 2016.

For the first quarter deposits increased $73 million or 1.3% over December 31, 2016 as we reduced an excess liquidity position. Our average overnight liquidity was up $275 million in the first quarter of 2017 as compared to $602 million in the fourth quarter of 2016. The change in the asset liability mix contributed the improved net interest margin during the first quarter. At March 31, 2017 core deposits which excludes CDs were 86% of total deposits and DDA deposits was still 32% of total deposits which is consistent with our business model and long-term strategy.

We continue to strengthen and grow our core customer relationships to cross-sell of additional deposit products, treasury management and other related services. Continuing the favorable mix of non-interest-bearing deposits as we have grown has been a key component of our strong NIM.

We continue our disciplined approach to pricing of both loans and deposits. We remain committed to maintaining a strong NIM and see no value in growing the balance sheet just for the sake of growth. Our primary focus will always be on growth in EPS.

We have limited interest rate risk in a rising rate environment due to our relatively neutral position for asset and liability sensitivity. We maintain a short duration of loans, investments and deposits. The repricing duration of the loan portfolio is only 22 months and the investment portfolio 40 months. Variable and adjustable rate loans comprise 67% of the portfolio.

We are ready pierced the floor rates of about 42% of the loans with floors and should burn through another 18% of the loans with floors with the next 25 basis point increase in rates should that day come. We continue to see an active economy and strong loan demand in the Washington Metropolitan area. The region has reduced growth of 56,000 net new jobs in the last year and most are in the higher income white-collar sectors.

The most significant job growth over the last year has been in business services, healthcare and education. We continue to monitor the potential impact of activities of administration what is important to note that the federal government spending makes up 30% of our $491 billion regional economy. That level is expected to continue to decrease on a relative basis due primarily to growth in the private sector, not cutbacks at the federal level.

While there is healthy loan demand, the market is very competitive and we still continue our careful underwriting of loans by industry, location and project type. We still see the possibility for oversupply of certain product types in certain sub markets. The demand for residential space is still strong in multiple markets in Washington DC proper.

The key to our success over the years is our knowledge of the individual sub markets throughout the Washington Metropolitan area. Another absolute highlight for the first quarter of 2017 was our credit quality and favorable charge-off experience. Net charge-offs annualized were mere four basis points of average loans for the quarter as compared to nine basis points of average loans for the first quarter of 2016.

At four basis points, the level of charge-offs were among the best levels the bank has ever achieved and were below on our annual average of nine basis points for 2016 and industry and peer group averages. At March 31, NPAs as a percentage of total assets were also at a low level of 22 basis points as compared to 42 basis points a year ago and 30 basis points at December 31, 2016.

Non-performing loans as a percentage of total loans were 25 basis points as compared to 43 basis points at March 31, 2015 and 31 basis points at March 31, 2015. The absolute level of NPAs was reduced by $4.9 million in the first quarter of 2017 to $15.7 million. We continue to adhere to our conservative policy as to when to place a loan on non-performing status.

The allowance for loan losses was 1.03% at the end of the quarter. Our credit quality remains solid as we continue to reduce the levels of charge-offs and classified loans while increasing the size of the portfolio through new loan growth. Consistent application of our reserve methodology, reduced charge-off, low levels of classified loans, and low growth results in a modestly lower allowance for the total loans.

We continue to add the allowance at a rate far in excess of charge-offs. At March 31, 2017, the coverage ratio was 417% of non-performing loans as compared to 249% at March 31, 2016 and 330% at December 31, 2016. At these levels we believe the bank is adequately reserved.

On another positive note, I'd also like to mention that due to favorable adjustments in the apportionment of revenue at the state level, we saw a reduction in the effective tax rate by approximately 1% during the first quarter of 2017. This reduction is not related to the new accounting rule on share-based transactions but rather the changing mix of our revenue between Marilyn, District of Columbia, and Virginia which has a lower tax rate.

Due to our high levels of profitability and continued additions to retained earnings quarter-after-quarter, we sustain our strong capital ratios. During the first quarter of 2017, we again accreted capital at a higher percentage rate in the growth of the balance sheet thus improving our capital ratios. At March 31, 2017 the total risk-based capital ratio was 14.97%, increased from 14.89% at December 31, 2016 and 12.87% at March 31, 2016.

The tangible common equity ratio improved from 10.86% a year ago to 10.97% at March 31, 2017, and as compared to 10.84% at December 31, 2016. The Tier 1 leverage ratio which seems to be getting more and more attention from the regulatory agencies also improved from 11.01% at March 31, 2016 and 10.72% at December 31, 2016 to 11.51% at March 31, 2017.

We are very excited about the opportunities we see for the balance of 2017 as we strive to solidify our position as a leading community bank headquartered in Washington Metropolitan area. We're focusing on increasing our visibility in the area and our understanding of the local business community.

In that regard, I would like to acknowledge two recent additions to the Board of Eagle Bank. Both Lynn Hackney and Leslie Ludwig have tremendous experience and a wealth of knowledge in the Washington Metropolitan area. We're thrilled that they have chosen to join the Eagle Bank team.

We appreciate the support our shareholders and those of you who are on the call. We thank you all for your interest in Eagle Bank. I'd like to remind you that our Annual Shareholders meeting will be held at 10:00 AM on May 18, at Bethesda, Marriott Hotel. We hope to see many of you at the meeting.

That concludes my formal remarks and we'll be pleased to take any questions at this time.

Question-and-Answer Session

Operator

[Operator Instructions] And our first question comes from Andrew Taylor from KBW. Your line is open.

Andrew Taylor

Good morning, everyone. So, first question just on the margin, obviously deploying the excess liquidity to help drive some of the expansion and offset the higher deposit cost. And as we move forward into this year, just directionally do you think we could see some pressure to the margin, do you think you have left the lever of excess liquidity or do you think that the better loan pricing that you're getting will be enough to offset the higher funding costs?

Ron Paul

Its a great question Drew, and it's the balance that we keep playing with is that obviously we are balancing our liquidity position, we want to stay about that 100% loan to deposit ratio. Liability costs clearly are going up but offset by that and I can't say it's going to be dollar to dollar but offset by that we certainly see the pricing power that were having on the loan side.

As we always talk about, we never know who in the market all of a sudden is going to wake up one day and decide to boost liabilities, but right now we feel pretty comfortable on a stable - fairly stable liquidity pricing model and our ongoing ability of seeing the pricing.

Obviously a lot of our loan pricing yields that we've been able to get over the past six months were just starting to begin to see that in the funding side both on the construction lending side and on the loans and process that we have in underwriting.

Andrew Taylor

Okay, great. That's helpful. Maybe switching to over the fee income. Obviously, you mentioned FHA business and you also articulated a target of drawing fees to around 10% of operating revenues over the course of the year. Clearly the FHS business is the leather for you and I don't know - you touched on prepared remarks, any additional color on where you guys are in the approval process. Also maybe just talking about production volumes currently and how quickly that will be added over time?

Ron Paul

We have a great pipeline in the FHA side. The team is working diligently on the approvals, on the Ginnie Mae side. We seem to have gone through and completed all of the process and procedures that they have asked us for. So it's really in their hands right now and I dont want to say any day because I said that before but we certainly believe that it is imminent. We haven't gotten any kick back from them, answered all their questions, they've come in and done this scrubbing and it's just a matter now of time.

Fortunately we do have a buildup of the pipeline and the ability of closing this FHA deals once we get the Ginnie approval.

Andrew Taylor

Okay. Thats helpful. Ill hop out. Thanks guys.

Ron Paul

To the other thing Ill just answer on that is that obviously from a funding perspective youll have loans that will come off the books on the loan side once we funded into the Ginnie side. So there is a balance between those as well.

Andrew Taylor

Got it. Great, thanks guys. Good quarter.

Operator

And our next question comes from Casey Whitman from Sandler ONeill. Your line is open.

Casey Whitman

Good morning. Just one follow-on for the fee income question. Wondering how is the pipeline for SBA lending, whats your outlook for that group this year?

Ron Paul

We had a fairly weak first quarter on SBA but the pipeline is still there. Unfortunately SBA is just such a choppy product and therefore you're always vulnerable to the premiums versus here with SBA but we - we feel pretty good on what we have especially on the construction side of SBA product. Casey again the same comment, when that 10%, 11% on average on the non-interest income.

Casey Whitman

Okay. Got it. And then just some question on the tax rate. Can you walk us through just how youre thinking about it, how occurring is the tax changes, is it something thats going to be predominately happen in the first quarter of every year because that's one I guess equity [comes decisions paid] [ph] out or do you think look at this over tax rate throughout this year?

Charles Levingston

I think that's right Casey. We are not issuing options as a practice much anymore, just a restricted stock awards and those are issued typically in the first quarter on a best-in [ph] scheduled and the angle of best-in schedule where youll see annually that difference between the book value and the fair market value booked as a tax expense and therefore taking as a deduction on those taxes. So yes, I think thats right, its likely youll see that as a first quarter event.

Casey Whitman

Okay. So all is equal just with the state of apportionment taxes you alluded to earlier if you were running at - call it 38.5 tax rate prior to this quarter for the next three quarters you will be running closer to 37.5, call it?

Charles Levingston

I would say those effective tax rate can move a little - I think that impacted portion is an ongoing benefit to us. Between this 37.5, 38.5 range is likely where youll see that tax rate going forward all-times equal.

Casey Whitman

Great, very helpful. Good quarter.

Operator

And our next question comes from David Bishop from FIG Partners. Your line is open.

David Bishop

Good morning, gentlemen. Just curious what - I don't know if you have in terms of the average loan yields. How does that sort of trend over the course of the quarter maybe not the beginning of the quarter January versus March was a much of a change in terms of a yields within the commercial and commercial real estate markets?

Ron Paul

For the first time David, we are seeing that opportunity of getting the pricing power that we've been working on for the past six months. So obviously the payoffs are going to be at one rate but the higher rate on the new funding. So that's something that we think - we've talked about before and we're seeing more and more at loan committee in terms of the borrower willing to pay off up where the benefit of Eagle on the certainty of execution and all the reasons that we've been able to maintain the asset side that we have over the year.

So we see that continuing and we haven't gotten really any pushback from where we think is the appropriate rate.

David Bishop

Original post:
Eagle Bancorp's (EGBN) CEO Ron Paul on Q1 2017 Results - Earnings Call Transcript - Seeking Alpha

Former Rep. Ron Paul (R-Texas) says President Trump's plan to build a wall along the country's Southern border a "totally useless" idea with low support in border states.

A new poll found that 61% of Texas citizens do not approve of building a wall along the border with Mexico to keep illegal immigrants out. "Im glad that the poll shows that people in Texas dont think much of this wall, Paul told the FOX Business Networks Maria Bartiromo.

"Ive always argued that the walls are going to hinder the American people as much as anybody," Paul said. "If somebody has honestly earned money and they want to walk across the border, they become criminals, you know, they cant do it because they have all these regulations.

In an interviewWednesdayon FOX News, Attorney General Jeff Sessions said the wall is essential to shut down illegal immigration--and violent crime caused by immigrants. I think the border wall needs to move rapidly, it will be the final affirmation that the illegality is over.

ButPaul said the Trump administration has yet to explain how rapid construction of a border wall will be paid for.

I think a wall is totally useless and he didnt mention how he was going to pay for that wall, you know, Sessions didnt say a word. Thats billions of dollars, nobody knows what it will cost and it wont work, its so detrimental to the concept of liberty because what it is, theyre treating a symptom rather than saying, our problem is a healthy economy and allowing people to trade freely.

Read the original post:
Ron Paul on Trump's Border Wall: Totally Useless - Fox Business

Former Texas Republican congressman and presidential candidate Ron Paul argued in a video clip he Tweeted Monday that U.S. foreign policy intentionally keeps North Korea unstable so the communist nation can play the role of international boogeyman.

"We've been doing this all this time and it's almost like [it is] to keep it unstable ... The instability is [because] we have promised the South Koreans that, 'We are going to take care of you. We are going to provide your weaponry. We are going to provide your indirect subsidies. We are going to take care of you and we're going to make sure that North Korea is held in check.' Don't ever talk to them. Don't ever have an open-door policy ... We need an enemy and for that part of the world, it is North Korea. They serve as the monster in that area," Paul said.

The former lawmaker argued that was not President Trump's intention but he is now "falling in line" with the existing policy.

The secretive communist country, which has conducted five nuclear bomb tests since 2006, has long been at odds with western nations. A brief period of apparent thawing during President Bill Clinton's administration did not change either country's policy, and North Korea has become more hostile since its leader, Kim Jong-Il, died and was replaced by his son, Kim Jong-un. The country test-fired a new mid-range ballistic missile on Sunday, but it failed almost immediately.

Trump, who during the election supported direct talks with North Korea, is prodding China to clamp down on the country economically. He tweeted Sunday that North Korea "is looking for trouble."

Paul is the father of Sen. Rand Paul, R-Ky.

Continue reading here:
Ron Paul: N. Korea kept unstable 'on purpose' - Washington Examiner

Rare.us

Ron and Rand Paul: Now is the time to pass Audit the Fed Rare.us By Ron Paul, Rand Paul. As presidents and Congresses come and go, the addiction to busting the budget remains; its voraciousness fueled by the same enabler, the Federal Reserve. While it took our nation more than 225 years to accumulate nearly $20 ...

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Ron and Rand Paul: Now is the time to pass Audit the Fed - Rare.us

Last week, the Liberty movement lost one of its most eloquent and courageous voices when William Grigg passed away at the far too young age of 54. William worked as a writer for The New American from 1993-2005, and was a contributor to LewRockwell.com and Antiwar.com. He also published many important articles at his Pro Liberate blog. In October 2016, William helped found The Libertarian Institute, and served as the Institutes managing editor from its founding until his passing.

While he wrote on a variety of topics, William is best known for his writings on police brutality and police militarization. Years before modern police practices became a focus of national debate, Will was exposing how the rightsincluding the right to lifeof innocent Americas are too often collateral damage in the war on drugs and terrorism. The liberty movements focus on this issue owes much to the work of Will Grigg.

What made Will so effective was that he took the time to gather the facts behind each case that he wrote about, often traveling at his own expense to interview his subjects. He then combined this mastery of detail with a powerful critique of the policies used to justify the transformation of America from a Republic to a Welfare-Warfare-Police State.

Unlike many who write on these issues, including some libertarians, Will never avoided discussing how racial minorities bear the brunt of modern police state policies. However, he never pretended that police brutality was solely a minority issue. He would not ignore certain incidents because the victims race did not fit the preferred narrative.

My wife Carol, myself, and all of us at Campaign for Liberty, the Ron Paul Institute for Peace and Prosperity, and The Ron Paul Liberty Report join Wills many friends in sending our best wishes and prayers to his wife, Korrin, and his six children. I also join libertarians across the country in expressing gratitude for the example that Will set in how one can combine old-fashioned investigative reporting and a passionate commitment to freedom to make a real difference in the movement to reclaim our liberties.

Originally posted here:
Ron Paul: Tribute To William N. Grigg - Antiwar.com (blog)

5600612

President Donald Trumpsuffered a slight slip of the tongue during his speech in Kenosha, Wisconsin Tuesday.

Donald Trump (CNN)

During his opening remarks, POTUS thanked the people of Wisconsin in particular Gov. Scott Walker, Sen. Ron Johnson and House Speaker Paul Ryan for supporting him during the election.

Trumps gaffe came while joking to the crowd about how Ryan had a good reason for skipping the speech.

WATCH:

You know where he is? Trump asked the crowd. Hes with NATO, and so he has a good excuse.

I said, Ron, youve got to get these countries to start paying their bills a little bit more, he continued, accidentally substituting Sen. Johnsons firstname for Speaker Ryans last. Theyre way, way behind, Ron.

It would appear POTUS noticed his mistake, as he quickly pointed to Sen. Johnson in the crowd while adding, Im going to talk to you about that too, Ron.

Paul, youre over with NATO. Get them to pay their bills, and Ron, youll have towork on that too. Scott, youreright here in Wisconsin. You dont have to bother.

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Trump Mixes Up Paul Ryan, Ron Johnson During WI Speech [VIDEO] - Daily Caller

Thursdays US missile attack on Syria must represent the quickest foreign policy U-turn in history. Less than a week after the White House gave Assad permission to stay on as president of his own country, President Trump decided that the US had to attack Syria and demand Assads ouster after a chemical attack earlier in the week. Trump blamed Assad for the attack, stated that somethings going to happen in retaliation, and less than two days later he launched a volley of 59 Tomahawk missiles (at a cost of $1.5 million each) onto a military airfield near where the chemical attack took place.

President Trump said it is in the vital national security interest of the United States to attack Syria over the use of poison gas. That is nonsense. Even if what Trump claims about the gas attack is true and weve seen no evidence that it is there is nothing about an isolated incident of inhuman cruelty thousands of miles from our borders that is in our vital national security interest. Even if Assad gassed his own people last week it hardly means he will launch chemical attacks on the United States even if he had the ability, which he does not.

From the moment the chemical attack was blamed on Assad, however, I expressed my doubts about the claims. It simply makes no sense for Assad to attack civilians with a chemical weapon just as he is winning his war against ISIS and al-Qaeda and has been told by the US that it no longer seeks regime change. On the verge of victory, he commits a suicidal act to no strategic or tactical military advantage? More likely the gas attack was a false flag by the rebels or perhaps even by our CIA as a last ditch effort to forestall a rebel defeat in the six year war.

Would the neocons and the mainstream media lie to us about what happened last week in Syria? Of course they would. They lied us into attacking Iraq, they lied us into attacking Gaddafi, they lied us into seeking regime change in Syria in the first place. We should always assume they are lying.

Who benefits from the US attack on Syria? ISIS, which immediately after the attack began a ground offensive. Does President Trump really want the US to act as ISISs air force?

The gas attack, which took some 70 civilian lives, was horrible and must be condemned. But we must also remember that US bombs in Syria have killed hundreds of civilians. Just recently, US bombs killed 300 Iraqi civilians in one strike! Does it really make a difference if you are killed by poison gas or by a US missile?

Whats next for President Trump in Syria? Russia has not backed down from its claim that the poison gas leaked as a result of a conventional Syrian bomb on an ISIS chemical weapons factory. Moscow claims it is determined to defend its ally, Syria. Will Trump unilaterally declare a no fly zone in parts of Syria and attempt to prevent Russian air traffic? Some suggest this is his next move. It is one that carries a great danger of igniting World War Three.

Donald Trumps attack on Syria was clearly illegal. However, Congress shows no interest in reining in this out-of-control president. We should fear any US escalation and must demand that our Representatives prohibit it. If there ever was a time to flood the Capitol Hill switchboard demanding an end to US military action in Syria, it is now!

Reprinted from The Ron Paul Institute for Peace & Prosperity.

The rest is here:
After Trump's Syria Attack, What Comes Next? - Antiwar.com