Updates on the Rand Paul Money Bomb

Rand Paul campaigning for his father, Ron Paul in NH - Image by nicco (CC)

Updates on the Rand Paul Money Bomb

When Rand Paul announced his exploratory committee, he said that if incumbent Senator Bunning steps down he will absolutely run in the Republican Primary.

I am excited to announce that this Wednesday, Rand Paul took it a step further and said in an interview that if he raises a significant amount of money over the next several months, he would give serious consideration to challenging Bunning and any other potential contenders in the Primary.

In effect, Rand has presented a lofty challenge to local and national supporters. If they shower him with financial support, he will answer the call of duty.

Could this be a subtle hint aimed at us moneybombers? Then today, Dr. Paul posted this video to RandPaul2010.com, urging us to help him raise enough money to wage a successful campaign for Senate. See you guys on Rand's donation page this Monday!

Support From Notable Leaders

Also, we are getting a lot of support from some major leaders in the liberty movement. Shelly Roche is behind the Money Bomb this June 1st, and has placed a badge on her website, Break the Matrix, in addition to letting me post a featured update there to promote the Money Bomb.

Rand Paul also has the support of Congressional candidate Adam Kokesh, who put a badge on his own website in addition to featuring the Money Bomb in an update. We also got a link from the good folks at Liberty Maven (with some excellent comments).

There are some major players in the freedom revolution who want to see this Money Bomb raise Rand Paul enough to really embolden him. Let's answer the call!

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Humble Libertarian Announcements

Because of the Money Bomb on June 1st, THL's monthly libertarian webzine / blog carnival will not be posted on the first of the month as usual, but a day late on June 2nd.

Retraction: I apparently made a mistake in this article... scroll down to the comments to see the correction. Thanks Anonymous commenter!

Thomas Sowell Returns

By: Thomas Winslow Hazlett Reason

How To Cripple The Real Estate Market In Five Easy Steps

If the government and the banks had just allowed real estate prices drop to market equilibrium, we'd be out of this mess and housing would truly be affordable. But the government is determined to artificially prop up housing prices, whatever the cost to the economy. If you were head of Central Planning (howdy, Ben!) and were tasked with crippling the real estate market, here's what you would recommend. Choke the market and banking sector with zombie banks... Have the central bank (the Federal Reserve) buy up $1 trillion in toxic, impaired mortgages... Lower the rate that banks can borrow from the Fed to zero, and then pay the banks interest on all funds deposited at the Fed... Try to prop up the housing market by giving poor credit risk buyers loans with only 3% down... Load young people up with the equivalent of a mortgage in student loans... OK,let's see how our Organs of Central Planning are doing: check, check, check, check, check: a perfect score! they're...

Tax Bill Is Beginning of Formal Debt Criminalization

The noose is tightening on liberty. The United States Congress is steadily headed to a place where those who owe money to the US government shall be treated criminally. This phenomenon is advancing domestically and now, increasingly, internationally. The first shot in this latest campaign took place in 2010 when US President Barack Obama signed into law The Foreign Account Tax Compliance Act. It demanded, basically, that foreign banks withhold up to 30 percent of the income that an American abroad might earn. This bill isn't working so well because overseas banks are not cooperating (a state of affairs that was certainly expected). Thus, there is a need for something else: Senate Bill 1813, recently introduced by Senator Barbara Boxer (D-CA). This bill, in part, states that taxpayers with unpaid taxes over US$50,000 may find their passports confiscated. This isn't criminal per se, but the IRS has recently made noises about "sharing" information with police a...

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