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.
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
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