The True Believer

By Patrick J. Buchanan Last May, Ron Paul filed his financial disclosure form, and The Wall Street Journal enlisted financial analyst William Bernstein to scrutinize his investments. "Paul's portfolio isn't merely different," said an astonished Journal, "it's shockingly different." Twenty-one percent of his $2.4 to $5.5 million was in real estate, 14 percent in cash. He owns no bonds. Continue reading...

A Conspiracy of Counterfeiters

By Patrick J. Buchanan "Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." "Lenin was certainly right," John Maynard Keynes continued in his 1919 classic, "The Economic Consequences of the Continue reading...

Who’s Really Downgrading America?

By Patrick J. Buchanan The decision by Standard & Poor's to strip the United States of its AAA credit rating, for the first time, has triggered a barrage of catcalls against the umpire from the press box and Obamaites. S&P, we are reminded, was giving A ratings to banks like Lehman Brothers, whose books were stuffed with suspect subprime paper, right up to the day Lehman Brothers fell over Continue reading...

The Long Retreat of Liberalism

By Patrick J. Buchanan Though President Obama has run rings about the Republican Party in the debt-ceiling debate, that party can yet emerge victorious, if it will stick to its guns. Clearly, the Republican strategy was not thought through, when the party chose the debt ceiling as the legislative terrain on which to fight its fiscal war. The president had wanted a clean debt-ceiling Continue reading...

Obama’s Dilemma — and Ours

By Patrick J. Buchanan Seventy-one years ago this spring, after the German army had broken through the French lines, British Prime Minister Winston Churchill flew to France to consult his embattled allies on how to stop the advance. "Where is the strategic reserve?" Churchill urgently asked the French commander in chief, Gen. Maurice Gamelin, and then he repeated himself in French: "Ou est Continue reading...

The Dirty Old Man and the IMF

by Patrick J. Buchanan Saturday was a bad day for the New World Order. New York police boarded the first-class cabin of an Air France jet bound for Paris to collar Dominique Strauss-Kahn, the head of the International Monetary Fund, a Grand Master of the Universe and the Socialist Party's hope to defeat President Nicolas Sarkozy in 2012. Strauss-Kahn, or DSK as he is known, was hauled Continue reading...

Obama Blows up the Bridge

By Patrick J. Buchanan "Rather than building bridges, he's poisoning wells," said Rep. Paul Ryan, after listening to Barack Obama's scathing attack on his deficit reduction plan as a shredding of America's social contract with the elderly and poor. Ryan is right. Yet, with Obama's partisan savagery, virtually calling the GOP plan immoral, we have clarity. There will be no grand bipartisan Continue reading...