Ron Paul is the shit
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Somebody needs to tell that moron Ron Paul that declaring bankruptcy will default all the multi-trillion bonds China bought which will be considered an act of war and start WWIII.Comment -
Then Walmart will run out of goods within one day of the US defaulting to China. There would be a lot of pissed off people in the US if Walmart runs out of goods.Comment -
One of the rules of politics is never telling the public you have to take a step backwards to go forward. People don't want to hear that programs need to get cut or taxes have to go up or we can't afford medicare. Ron Paul, right or wrong, tells what he thinks.
There aren't enough educated people not to vote for pro politicians. How great would it be if you had to pass a test to vote? The main requirement would be just proving a basic knowledge of any one of the optional categories including economics, foreign relations, healthcare, energy, education.
Even the news media who calls the races knows it's about how the candidates look and their image. CNN is ranking people after the debate on who looks presidential. What the hell is looking presidential? Why dont we get the guy from the west wing tv show up there. He's a lock.Comment -
Unfortunately, the value of the vote has been diminished over time by the very people that are elected by the uninformed masses.Comment -
the mere existence of the Federal Reserve, which is neither federal nor a reserve (talk amongst yourselves), is one of the biggest scams ever perpetrated upon any people ever. they've been both devaluing our currency and making themselves rich at your expense for almost 100 years now.Comment -
Hard to figure out how all this happened, talk about hurting your own people. It s like they did it with no conscience. Real disturbing not to mention the broker houses scrambling and then stabbing their investors in the back by selling them 3AAA funds with subprime loans and then pooling billions in the back door and betting against them.
Isn t that what we call treason? So many fires to put out, it doesn t matter what your political affiliation is the people we ve put our faith in over the yrs in different segments of society have let us down tremendously.Comment -
Got to love Ron Paul lolComment -
Ron Paul just lost any credibility he had. What an idiot.Comment -
Ron Paul for God.Comment -
Everything is only worth what you're willing to pay for it. Which is to say, its only worth what you're willing to give up in exchange. The US doesn't "print its own money" because the government delegated that authority to the Federal Reserve in 1913. Up until 1913, US money had the words "United States Note" at the top rather than "Federal Reserve Note" for that specific reason.
If you're going to blame something for your problems and tell others to do the same, the least you can do is take the time to figure out how it works (or is supposed to work, at least). When the Feds announce they're raising or lower interest rates, they're not actually flipping some magic switch that sets interest rates. What they do is they buy or sell bonds on the open market to manipulate short term rates to their target level. When you reach such ultra-low inflation and ultra-low interest rates as we have now, the only thing the Fed can do to stimulate more investment and more spending (the two things that create economic growth) is to try to manipulate long term interest rates. They do this by purchasing longer term bonds in a process known as "quantitative easing" or QE. That's the only difference between what the fed normally does and QE: the term of maturity of the bonds it buys.
It is literally impossible for inflation to go up when nobody is buying anything, because without buyers there is nothing driving up prices. America doesn't have a debt/inflation crisis, we have a wage/inequality crisis. As long as taxes are so incredibly low and Wall Street remains so deregulated a small clique of wealthy bankers will be able to limit economic growth by driving up the price of things for everyone else. You can tell this is the case because stock market volume is lower than usual, indicating that it doesn't take a lot to move prices up even though nobody is buying.Comment -
the thing is if the US defaults so does every1 else.... who's china going to fight now, every1? for money that now doesn't exist now or ever will even if they win (lol - there can not be a winner in this war)
maybe not...
the default is coming sooner or later, better sooner.Comment -
ron paul gets my voteComment -
Ron Paul / Ross Perot ticket.Comment -
Bernanke is wrong with just about everything he says. Subprime is contained, there is no inflation. I wouldn't trust this guy to run a lemonade stand.Comment -
^agree and its just as amazing when you look back on how they got control.
"Give me control of a nations money supply, and I care not who makes it’s laws"
Mayer Amschel RothschildComment -
Thomas Jefferson once said:
"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson -- The Debate Over The Recharter Of The Bank Bill, (1809)Comment -
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If you passed some type of literacy test, 25% of the voters in this nation would not be allolwed to vote. The number jumps to well over 50% of minoritites, such as Blaccks and Hispanics. The Liberals would never allow that to happen.
Ron Paul's problem is that he has all kinds of ideas, and absolutely no way of implementing these ideas. People who like him are idealists. Unfortunatelyh for them, we realists run the world.Comment -
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fukk china. We all need to default on each other and start a new slate with something that is more valuable than a sheet of paper.
