Arguing that Israel controls American foreign policy misses much of the real dynamic. America relies on munitions manufacturing for much of our industrial base. We cannot sell to “bad” countries, so it is in our best interest to sell to anyone we can call “friend”. Believing that the AIPAC is the single driver for American aid to Israel misses that it gives the Military Industrial Complex a foreign market for state of the art weapons systems. Not to mention that it also drives hi-tech weapons sales to Israel’s neighbors – Egypt, Saudi Arabia, Iraq, Iran (for a while). All bringing back petro-dollars.
Sure Israel benefits from weapons sales, but so does Lockheed Martin, Boeing, United Teledyne, et. al. It is mostly corporate welfare.
But I agree that Ron Paul looks OK compared to the rest of the Republican line up. But if a Collin Powell, or the next Saint Reagan were running, he would not even be a mentionable. Why he can’t get air time is still a mystery to me.
As to money supply, M3 would probably tell the real story if the FED still published it. But an estimate from shadowstats.com is still available, and it shows that the velocity of money has so slowed that the increase in M1 and M2 are not yet a big factor in inflation. (Currently M3 2.9% increase, still off pre-recession highs) We just trade one financial instrument for another. Net result of almost zero to real consumer inflation. The consumer never gets the money to start the inflationary spiral. More likely is a deflationary spiral. Which is driving the FED to create money supply in every way it can.