World Economy. RON PAUL on the Current Crisis. Sep 18.
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Sep. 18, 2008. Ron Paul explains how misguided policies and actions by the Federal Reserve and the government led to the current financial crisis. Many who agree with me on a lot of other issues, do not understand my enthusiasm for gold and sound money or why I spend so much time studying and talking about monetary policy. Its true that I talk about money differently than most, but the fact is sound money offers many benefits. For example peace. Can sound money really bring about peace? Actually, it plays a big part in peaceful international relationships. Money based on commodities, rather than paper, is not subject to government manipulation, and is a key component to free and honest trade. History shows that if countries engage in trade with each other, their governments tend to find ways to get along for the same reason you do not kill your customers at your place of business, even if they occasionally annoy you. If someone outright cheats you, however, you may engage in war by taking them to court, for example, and the relationship will sour. Governments and central banks with unfettered power to manipulate currency also have the ability to cheat their creditors. One way they do this is to simply create enough currency to pay off debts. This devalues the currency and cheats the recipient out of what they are owed. It would not be fair if you watered down your product the way our government waters down its currency, so it is not hard to understand, in these simplified terms, why loose monetary policy contributes so much to ill will and war around the world. Sound money, on the other hand, simply is what it is. Removing governmental power to manipulate money, removes the temptation for government to spend, print and cheat. Sound money ensures that our governments spending priorities would be brought into sharp focus and reduced to only what we can afford. Sound money also limits the ability to wage wars of aggression. Imagine how much more careful Washington would have to be about starting a war if they did not have this financial sleight of hand at their disposal! Fiat currency allows government do expensive things they should not be doing while paying the bills with cheap money. The Federal Reserve has lately been auctioning off large amounts of treasury bills as a way to finance the wars in Iraq and Afghanistan, and our crushing entitlement burden. The resulting devaluation of the dollar is quickly eroding our image as a good trading partner in the world. As a consequence, there is therefore more talk of economic isolation and war. This vicious cycle of spending, fighting and inflating is not what Americans want. It is what the government wants, and it has had to deceive the citizens into allowing and supporting it. Sound money curbs the governments ability to engage in these shenanigans and reduces the wars we fight to only truly defensive ones, for which Americans are more than willing to stand and fight. So in these ways, sound money is very conducive to peace. Source: http://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/
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‘World War on Oil’ is inevitable and has already been started since the pick-oil in 2008 and will continue up-to the end-oil era in 2040.Energy security is far-more crucial for the survival of the developed economy than the political stability. Recent global economic transition is leading towards oil-crunch to be started by 2025. Oil crisis is crushing the global economyThe bubble of the western civilization is ready to burst from the over-heated, over-valued, over-exploited, socio-economic-military conditionThe death spiral of the USA lead monopoly and the dollar supremacy had already begun and USA’s collapse become inevitable as the world enters into the new-era of world War on Oil . The pick period of oil is gone in 2008. Now the world is experiencing the transition period from pick-oil in 2008 towards end-oil in 2040 via oil-crunch in 2025. In this journey oil price per barrel may jump from $100 in 2014 to $ +500 in 2025 and to $ +2000 in 20403 superpowers USA, Russia and China are already engaged in a new world war on oil. USA is desperate to show its might in securing the supply chain of oil from middle-east though it is struggling to resist the inevitable collapse and to maintain its alliance through-out the world. USA is consistently loosing its grips over Middle-east, Europe and in Asia politically, economically and militarily.Russia is aggressive in regaining its monarchy towards ex-soviet union era and will annex many regions like Odessa, Donetsk, Transmistria, Trans-Dniester, Kiev, Ukraine, Moldova, Belarus, Moldova, Kazakhstan and several other countries in Europe in the near future. Again Russia will have greater influence over middle-east, Turkey, Egypt, Syria, Iran, Cuba, Venezuela and several other countries in south American regions. Germany might swap joining into a greater alliance with Russia in the future due to its own political and economical interest and for its energy securityChina holds the pivotal position in between where both USA and Russia are blessed-with making China its ally in the unprecedented world war on oil. But the great China has its own plan to take-over two of its competitors one after another to be started with the USA first. China will broaden its strategic alliance with North-Korea, Pakistan, Malaysia, Indonesia and several other countries in the south-east Asian region before it becomes the lone super-power in 2020.Russian-Chinese strategic alliance in the WW-Oil will have the over-whelming impact on global incidents out-performing the USA+$ dominance.2 worst victim of the WW-Oil are the Middle-east and the Europe. Middle-east contains the last remaining oil balance to be supplied world-wide up-to 2040 for which the region has already been turned into the common battle-ground targeting the region as an immediate victim. Whereas Europe is the ultimate victim of the WW on Oil due to its over dependency on oil without having a considerable volume of oil reserve of its ownScotland is going to be independent by 2016 only to secure the last remaining oil reserve in the region of 15 billion barrels in the North sea transforming the UK from a world power into an insignificant tiny state like PortugalNorway is the only country in the globe that is well prepared for the oil-crunch and end-oil eraThe oil age will end by 2040 long before the world runs out of oil physicallySaudi-Arabia has the largest oil reserve of around 800 billions barrels actually which is often exaggerated to 1200 bb by the authority. The middle-east oil is the only hope for the whole world up-to 2040. The oil reserve in Russia is only for the Eurasian zone with massive political impacts. The USA + Canada oil reserve is not for sale and can only satisfies the massive domestic and US military demand from oil-crunch in 2025 to end-oil era in 2040Wise man says: Three inevitable situations are knocking at our door considering the recent geo-political trend of the world even without the WWIIINo.1 If the west continues with tougher sanctions on Russia, ultimately it is the $ and the ‘US + west’ who is going to be dumped within 2016. Death spiral has already been started for capitalism. Together with Russia, China, Turkey, Iran, Egypt, Venezuela, Pakistan, India (and many-more to be joined in the process) could make strategic alliance (silk road alliance) to dump the $ with internal barter trade of oil & gas and by refusing to export those to the west. Actually the death spiral of the capitalism has already been started just after the pick-oil period in 2008No.2 China alone is going to be the No.1 along with considerable gap with the rest including US both militarily and economically within 2020 even if the west do not mess with Russia over Crimea nowNo.3 Peoples of the colder regions including US, Canada, EU must have to be migrated to warmer regions of the world (in Asia and in Africa) within 2040 for their survival due to the extreme cold and diminishing availability of natural gas and oil. Oil crunch is likely to start by 2025 which could lead the price of oil $500+/Barrel. In-fact the conflicts and war in Crimea, Syria, Libya, Iran, Afghanistan, Iraq is in aid of securing and controlling the supply chain of remaining oil.In extension of the recent Crimea crisis Russia’s next move could be towards Donetsk, Odessa, Oblasts, Transmistria, Trans-Dniester, Kiev, Ukraine, Moldova, Belarus and in Kazakhstan. Ultimately both the US and the Russia will have the win-win situation in the short run at the cost of Ukraine, Crimea and the HumanityThe sustainable solution of the human-being is the humanity itself. Together all mankind, let us join and start the peoples movement towards:Stop conflictsBe a minimalist End up the exploitation Protect the environment Minimize the resources gap Stop military expenditure immediately Allocate all the earths resources equitably Allow free-movement and settlement of the people of the earth Be responsible to Human being and to other species of the multi-verse Provide food & shelter to the starving people before expending for the pets Transform the world into a visa free and borderless single country having a single currencyDo not forget that you are a human not just a product and you have the purpose yet to be served
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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 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. -
I've been paying Sallie Mae for years, with no end in site. It's all interest.
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@Pandemictwentyten Ron Paul is a libertarian that subscribes to the same school of economics I do. Austrian Economics. Obama is from the dullard school of Keynesian Economics. Now, do you even know what I am talking about without googling wikipedia?
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Ron Paul!!!!!!!!!!!!!!
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Here is What we Must Do. 200 Million People x $1.00 a week. Drawing once a week. 999 People will win $200,000 a week. 999!!!
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fucking sick of america . the one guy in congress who has common sense and they call him a crack. dont give in to a global economy its only the beginning.
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capitalism is dead, and has been for around 100 years. Blaming today's situation on capitalism shows a lack of understand of just what kind of market we have. With massive government regulations and manipulation of credit and money by the fed, we have something more relating to a managed economy. The second point I'd like to make is this, greed runs our every act as humans. What is it that you do in your life that you feel you will not have a net benefit from?feeling good included?
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Just because something affects society doesn't classify it as a "social issue." Every issue affects society, so by that logic every issue is a "social issue" and why even put "social" in there, just call them "issues." lol fuck semantics anyways. Capitalism may be greed based, but that's because we're greedy by nature, civilized or not. Also, calling people idiots for not bowing to your beliefs does nothing to convince anybody.
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If you think the economic system doesn't effect society you haven't been paying very close attention to the situation in 'merica. If it is not an inherently social (as in opposite of anti-social) system why base a society around it? Not only has this failing economic system acquired the status as the society's modus operandi it is practically the unquestionable philosophy. The point is that Ron Paul wants a state based on freedom for corporations... read between the lines you idiots.
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Ron Paul, you have some good points but you still don't get that capitalism is not a social system that works. It is a greed based system, which is in direct opposition to civilized society! It is unfortunate that it is going to take so much debt and so chaos before people are going to accept that capitalism is dead. Ron Paul: How can CAPITALISTS base so much manufacture in a communist country and expect that economic system not to effect us? They are forcing socialism, or worse.
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Shall we call him Buddha Paul?
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It's really strange that we've had economic hitmen go all over the world and indebt every country possible to us, where these countries can never pay us back. Now the fed has done the same thing to the U.S., yet bails the rich corporations out after supposedly mismanagement. I was just wondering how ISRAEL is doing economically during all this strife. Can anyone tell me? I'm curious...
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Too bad nobody listened to this dude. Now we gonna pay dearly.
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Ron Paul 12'!!!!
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Lifelong Democrat. I am still chompin' at the bit to vote for Ron Paul.
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I think that's the problem realdhill: "..always tells it like it is." I don't think people want to hear it like it is. They don't want to hear the truth -- that we're living beyond our means and that we have to exercise personal fiscal prudence and take responsibility for the consequences of overspendinng. This requires actual change and reform. Not just chanting a mindless campaign slogan.
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shit is going down! lol
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I have learned more from this man in three minutes about economics than I did from any of my economics professors. I used to be one to turn a deft ear to Ron Paul -- I wouldn't listen to what he had to say. I called him a nut and a whack job. Now I have changed my mind. This man is so fluent in explaining economics. I am now a Ron Paul supporter!
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Exactly. The kind of people who KNOW what they are talking about are ignored by the media, and the vast majority. It's a pretty ironic, and almost story-book kind of thing when you think about it.
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