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Ron Paul raised over $6 million in his bid for the White House on Sunday, shattering John Kerry's single-day primary fundraising record of $5.7 million set in 2004.

Surpassing both John Kerry's record and his own previous fundraising record of $4.2 million.

Join the already MILLIONS of Americans in the Revolution to take back our Liberty our freedom our privacy and our Economy before it is to late!

I've been thinking about sovereigns. Actually I've been thinking about Britannia, power and clout, heading East, the housing bubble, national investment funds, the Swiss, and "money bombs." In 1816 the gold British Sovereign was first introduced. As the British Empire expanded under Queen Victoria during the 19th Century, this nickel-sized mintage became the world's most widely distributed gold coin. It is still hoarded and sought as an investment, a store of value and a hedge against inflation.

You see sovereignty is about power and clout. If you are sovereign: you can pretty much do what you want, when you want it, and how you want it. You are respected. You are accepted. And yes... you are even feared! There is clearly a hybrid form of the "Golden Rule" at work here: "he who has the gold, sets the rules." The sun has set on the British Empire as hegemony, power, and clout shifted eastward. The United States became the dominant military and economic force on the planet and with the break up of the former Soviet Union, it became the world’s sole remaining superpower. Now... the status of this American juggernaut is under scrutiny. The US has gone from the world's largest creditor to the world's largest debtor requiring a DAILY infusion of $3 BILLION in foreign capital to fund its deficits and wars.

Last week saw the US FED cutting interest rates by an additional quarter point to stave off further financial calamity. It also saw the "creation" of an additional $64 BILLION in magical fiat "paper" liquidity. These will not remedy anything, because the inherent crisis/ problem is NOT about liquidity, it is about solvency. If you are solvent, you have the where-with-all to pay your bills and service your debts. More liquidity encourages assuming more debt, not paying down already existing obligations!

It recent years, we have seen the development/ evolution of a new type of financial juggernaut - the Sovereign (Trust) Funds. As the debt-financed consumptive addiction shifts the concentrations of wealth from West to East (and the Middle East), twenty-eight nation states have set up investment funds to channel their new wealth into global investments for the future benefit of their native citizenry. The amounts behind these funds now number $3 TRILLION. These are projected to grow to $10 TRILLION by 2012. The 30 year old Abu Dhabi Investment Authority is the largest - sitting on $1.3 trillion. This equates to $1.5 MILLION of assets for each and every one of its citizens. In the alternative... consider the United States where a national debt approaching $10 TRILLION equates to over $30,000 of debt for each and every one of its citizens! These trusts have the ability to snap up huge bargains as further money crises unfold.

The Swiss were known for neutrality, chocolates, and their world-class banking industry. Last week, the deflating housing bubble once again took its toll; this time on them. After their first write-off of $3.4 BILLION in Sept 2007 for the 3rd quarter, they took additional $10 BILLION hit in this 4th quarter. Their (UBS) deal with Singapore and some "unnamed Middle Eastern Sovereign fund $ugar daddy" was really an emergency infusion necessitated by a threat of insolvency. Who would have thought the Swiss...? This is the most recent (and largest) of the "money bombs" to threaten the highly vulnerable global banking community. There will be more as this drama unfolds requiring even larger sums of cash.

I'd be remiss if I didn't comment on events of this past Sunday, when on the 234th anniversary of the Boston Tea Party, supporters of Presidential candidate Dr. Ron Paul staged their own "money bomb" raising just over $6 MILLION in one 24 hour period. Paul has been a darling of the internet and the famous "meet ups" at campuses and communities all across the nation. The Paul campaign has been deliberately (and totally) ignored by the main stream media in this current run for the White House. That invisibility will clearly cease from now on. I was completely wrong when I wrote TH*NK*NG (PHENOMENON) about Barack Obama a year ago on December 31st. The real phenomenon in Election 2008 is not Barack Obama, it is Dr. Ron Paul. I've been thinking. You should be thinking, too.