Skip to comments.Ron Paul predicts 15-yr depression, dollar crash in 1-4 yrs
Posted on 03/25/2009 10:11:15 AM PDT by Dada Orwell
New projections from Ron Paul as his prominence in the mainstream media continues to increase.
LOL. good one!
He also predicted he’d win the GOP primary.
I think I’m turning Japanese
I think I’m turning Japanese
I really think so...
Go back to weaving your baskets, Ron.
i know people dont want to believe him. but from what ive studied and what i see i so believe him. none of what the tresury and fed is doing is going to work.
That doesn’t mean he’s wrong. and just to knock you down a mm or two, Ron is not the only person saying this.
Ron Paul's quirkiness aside, the devaluation of the dollar that we're seeing and will continue to see and the ensuing hyper-inflation is going to be very, very uncomfortable.
however, he has worthy things to say....he's a mountain smarter than many here and an Atlas compared to that weakling barry.
>>however, he has worthy things to say....he’s a mountain smarter than many here and an Atlas compared to that weakling barry.
+1. It’s too bad that he comes across as the crazy aunt someone let out of the attic. His message is worth listening to, too bad the messenger comes across as a nut.
You believe that you’ve knocked my down a mm or two by claiming others are making the same claim R-U-N Paul did, but without providing your evidence (as in names and sources of where these other people have made the claims)? Feathers unruffled at the present time. Thanks for playing.
I like that. Though I think he is more the Dennis Kucinich of the Republican Party.
As far as Paul's prediction - all he's doing is mouthing the conventional wisdom. I don't think he has become suddenly brilliant.
Ron Paul is (sometimes) worth paying attention to.
The fact that what Obamasiah and his minions are attempting to do right now does not equate with what will happen within the next 1 to 4 years - Unless R-U-N Paul has a crystal ball he has even less of a clue on what the future will bring than any other person in this country.
I don’t know about the 15 year depression, but at the rate we’re printing and spending dollars, I don’t know how the dollar won’t collapse.
Well, I’m afraid he’s right.
Which is not to say that I agree with Ron Paul about much else.
WHY IS HE SO UPBEAT ABOUT THIS?...............
Both honest men and each right on certain, though different points.
With the Federal Reserve dumping TRILLIONS of dollars in the money supply and the zero’s trillion dollar deficits as far as the eye can see, the dollar WILL collapse. There are only two ways to spend deficit money, 1) borrow it, and 2) print it and to hell with the consequences.
He also predicted he’d be elected President... in this universe!
I had been wondering who was going to take that job after The Amazing Kreskin had passed on
He got it on good authority from Lyndon Larush(sp).
You really don’t have to agree with him on anything else. You see, if Paul is right(and I believe he is), none of his other policy positions will matter in the least. If the dollar crashes, his stance on foreign bases, the war in Iraq, and national defense will come to fruition. Without a strong economy and dollar, our influence around the world will crash as well. Without cash, we will have to close our bases around the world and pull back. That’s the reality we will be facing.
Bottom line, we are nothing without our money. We won’t be able to buy influence like we did in the past. So, Paul, in essence, will be right about ALL his positions.
Blame Limbaugh too. He encourage people to vote for Obama telling everybody that Clinton was unstoppable,
I don’t like Ron Paul, but there’s good reason to believe his prediction.
Obama is following the FDR model and so much more.
ACORN is being heavily funded with our tax dollars to influence elections.
The census has been put directly under Obama’s control and thus election redistricting will be under his control.
I don’t see America coming out of this any time soon.
You know, all you have to do is look at his eyes and you know...
This graphic from The Heritage Foundation’s The Foundry blog, posted by Conn Carroll, is all anyone needs to see as the budget debate moves towards it conclusion in the Congress. All Republicans and responsible Democrats must act together to emphatically reject this ruinous plan.
Critics are struggling to find the right words, and many say such a plan isn’t “sustainable.” Others say it is a recipe for “European style socialism.”
But New Hampshire’s Judd Gregg got it right: This sort of wild spending will bankrupt the United States, destroying the value of its currency in the process and unleashing a wicked inflation that will diminish everyone’s existing wealth while crippling the ability of young people to successfully accumulate wealth.
Monday Mar 23, 2009
H2: Peter Brooks, Brian Wesbury, David Dreier, John Campbell
03230902 Hewitt: Hour 2 - Hugh focuses on all things economics and political with Brian Wesbury of First Trust Portfolios, and Congressmen David Dreier and John Campbell.
LISTEN to tis guy at (26) Minutes in. WHERE THIS COUNTRY IS HEADED
Not seeing a lot of devaluation yet. Most of the other currencies are pegged or devaluing themselves. Also declines in interest rates are deflationary (read Antal Fekete's latest for example). The dollar will show strength for a lot longer than you expect.
Or get someone else to print it and borrow that. Or just eliminate the middleman...
Just look at the bright side, we could pay off the national debt in a nanosecond...
no wonder it’s dark
Long live the Vapors.
No, not in the last few months we haven't. But, I guess I was referring to the last 5-8 years. The Dollar certainly has declined over this period and I think it's clearly due to the printing of money. This "shaking of the money tree" is only going to increase exponentially the next 4 years and the subsequent 5 years under the proposed Obama plan.
The only hope is that the Dollar decline will be relative to other major currencies - as this is a global recession and possibly depression. Things will be very bad from a monetary standpoint, but perhaps our relative position won't be quite as dire.
I'd bet a few U.S. dollars that our relative position won't be bad at all, and that includes gold. Even if the dollar is doomed it will take decades to fade away.
soldier i totally disagree with you. it doesnt matter what obama does it matters what the fed is doing along with treasury and it doesnt help that zero is spending like a drunken sailor. our dollar is going to plummet and there will be nothing they can do about it. they are just prolonging a depression.
I disagree. They are not prolonging any potential depression. They are intentionally setting out to create a depression, and have been for a number of years now. If they were truly interested in fixing the economy, and thereby preventing a depression, they would not be in the process of trying to socialize Wall Street and the Banking industry.
Ron Paul Ping!
Who cares what this old fool has to say.