It’s unbelievable to me that some people are still not listening to Ron Paul on economic policy. I believe this because the public is being brainwashed by the MSM anchors. Time after time, I watch an interview where Dr. Paul blazes through their questions with clarity and eloquence and in the end, the anchor drops some teleprompter line to try to discredit him – “well, that’s one man’s opinion.” These newscasters also love to consult “the experts” In this interview, this woman says 90% of “top economists” say the recession will end this year, citing slightly better job numbers and wall street bull runs. They spew their Keynesian falsehoods and the crowd eats it up because that’s what they learned in their schools. I know they love it because I hear the same old tired slogans the MSM repeats incessantly in every “outside of the Ron Paul circle” conversation I have. Have you heard this one… “We have to spend our way out of this!”? Of course, Ron Paul speaks the truth and let’s her know, nothing has changed. The government is spending more than ever, productivity is at new lows, there is a low confidence in the dollar, the fed funds rate is next to 0%, the debt is still over 11 trillion, we still print money to pay for things we have no money for, and we still have unfunded obligations of over 70 trillion dollars. Peter Schiff pointed out that the April job numbers were actually not better since so many people were hired for the census, an activity that produces nothing and costs us a lot of money – it’s never good for the economy to count people. (I know the census is Constitutional but there should be some provision to postpone it when we are BROKE). To make it worse, there are too many houses on the market (not counting the 400,000 plus repos that are not yet on the market) and the Feds are pushing for Americans to own and build more homes by adding incentives. This is how we got into our current problem! The government encouraged mal-investment in the housing market by offering artificially low interest rates and boutique mortgages to people who shouldn’t have qualified. Now, in an effort to prop up the housing prices, they encourage more buying with a first time home buyer tax credit. We need to let the housing bubble deflate… all the way! Government needs to get their noses out of this problem before they turn the serious problem that they created into a dollar crisis. For the record, I believe that is the intention of the banking elite; to destroy the dollar, bring in a continental currency on their way to a global currency (that is perhaps fully electronic) with the disguise of saving the day. And they are doing a great job. Right now there are only two things that are stopping our dollar from collapsing: the fact that we have convinced China and some other countries that they need to buy our debt so we keep buying their products and that the dollar is the reserve currency of most of the other currencies in the world and a dollar crisis would mean a currency crisis for basically everybody else. Thankfully, the bankers have had the Amero minted for many years to “come to the rescue” when the time is right. A dollar crisis is what Ron Paul has been warning strongly against for at least 1-2 years, and basically since 1971, Bretton Woods. But now he knows it is on our doorstep. He predicted the current housing and financial crisis to a T. You can watch the interview on Morning Joe where they give him credit for that prediction citing a quote from 2003. Actually, Ron Paul has been predicting our current crises from economic meltdown to personal liberties well before youtube existed and you can learn that for yourself if you read some his older books (many of which I was able to find free on the internet in pdf). I loved when in “Freedom Under Siege” he predicted the coming of the National ID (now known as the REAL ID) 20 years before it happened. This time he’s telling us we need to change, NOW, before we have a much bigger problem on our hands. We cant keep doing the same things that have brought this ruin on us. More spending, borrowing/lending, and printing is not going to fix a problem that was created by those very things! Keynesians, get it through your head! College economics is bullshit. It’s total crackpot economics aside from laws of supply and demand. As Peter Schiff says, there isn’t two types of economics, Keynesian and Austrian. Austrian (Mises and company) economics is the ONLY type of economics. Just like there isn’t Chinese vs. American physics. Physics is physics. Keynesian theory is a broken, misused, and abused ideology that allows for less freedom, more government intervention, and faultier monetary principles. It’s based on consumerism, borrowing, and fiat currency where as Austrian economics is based on savings, productivity, and sound money principles. Albert Einstein said that the definition of insanity is doing the same thing twice and expecting different results. Why would people listen to the same people that had no idea this recession was coming and said we were in great shape up until the housing bubble collapsed and even after that all the way until the market plunged 50%+? Now people go back to those idiots and call them experts, just like they were before? Stop being ridiculous and ignorant. Start listening to people who explain to you the principles of why this happened and how they predicted it for God sakes. Listen to Peter Schiff, Tom Woods, and of course, our leader in freedom, Ron Paul.
Ultimately, if we are going to get out of this crisis, we must get rid of the Federal Reserve along with their central economic planning and overhaul government to live within the Constitution. We can’t trust the same maniacs to do what they don’t know how to do. This may require a complete revolution of government. For right now, we need to push for the passing of Ron Paul’s HR 1207, the bill to Audit the Fed. Once people see how the bankers are openly looting the country, they will stand up. And when it’s the people vs. the government (and/or banking elite), the people will prevail in this non-violent information revolution! Spread the message. Find me at www.twitter.com/freeist or check out my youtube channel, “The Freeist.”
I feel your passion and the conundrum that no one is listening-I think that Mr. Paul, or Dr. Paul as he is sometimes addressed, has very erudite and prescient ideas, however, I do not believe in many of his conclusions. I think that much of what he talks about is feasible (deregulating marriage) however, I think that government has a larger role than he believes. In fact, I think government as a regulating entity is not bad, as a too large regulating entity it is bad, because without a regulating entity-and I think this is the problem that pseudo conservatives fell into post 60′s, is that without regulation the Entity that we lose our power too is not Gov. but Corporations. A conservative should be, I think, and I respect this type; against the loss of individual sovereignty no matter the dominating entity.
I am worried about the dollar, some believe it will help our exports if this happens, but, I think this is where a lot of the problems stem: we don’t have very much industrial/manufacturing capacity. With the loss of the Usury laws in the 70s I believe (yes we had them) that made more than 9% illegal, we saw a flood of investment dollars go to financial institution who were charging 20, 30, 40, sometime triple digit interest for the payday loans etc. We did not build up our manufacturing core, we didn’t keep up with it, we became a nation running on, as Dr. Paul points out: fluff. We produce Nothing! Our best and brightest go into financials that invent debt derivitives that are off the book-
I think, on a near term solution, that this is where we need to look at. At a long term view…well a wise person once said, in the long term, “we’re all dead”. To say a bit more eloquently: all things are a bell curve and no matter what you do it will end up as this. We can extend moments, times, but we are just arguing what area we are on this curve.
Great insight. Great Blog. Will be looking forward to more updates.
G