prisonplanet.com — Texas Congressman and presidential candidate Ron Paul says that attempts to rescue an ailing stock market last week, during which the Fed pumped in billions in liquidity, were merely a stop gap measure - and that an economic collapse is all but inevitable.
Aug 29, 2007 View in Crawl 4
dracostimpyAug 29, 2007
Here's another great quote from a 1967 speech by some dude named Alan Greenspan that kinda foretold the situation in which we presently find ourselves: "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."Read the whole speech here: <a class="user" href="http://www.usagold.com/gildedopinion/greenspan.html">http://www.usagold.com/gildedopinion/greenspan.html</a>
Closed AccountAug 30, 2007
great comment - but be sure to put an "s" on the end of that name, I think<a class="user" href="http://en.wikipedia.org/wiki/Alan_Watts">http://en.wikipedia.org/wiki/Alan_Watts</a>
popvalveAug 30, 2007
I was impressed at how well Ron Paul handled an interview with Alex Jones. Well done Guys! I think Americans know they have been hoodwinked and if enough of them find out about Ron Paul he should be the next president. Good luck in 08.
organicdrewAug 30, 2007
buy gold on ebay! i did and doubled my value
voytechsSep 4, 2007
You know that this amazing support for RP is only possible through the use of the free internet. If he doesn't win, but will most likely make it somewhat difficult for them, the first thing they are going to do, is to prevent the internet from interfering again. Thus probably exerting control over it, I see fear messages already in the media. Just today I read "China broke into Pentagon Computer Systems", hint hint. So this is our last chance, since we won't have free internet by next or following elections. Media and polls are already censored.
briangoSep 4, 2007
Here is the problem with the "housing bubble." It is not a housing bubble. It is a "world bubble." In 1987 in order to "save" the economy Greenspan came in and set up a whole bunch of derivative schemes. Banks were bankrupt in 1987, actually even before that, but the point is that the banks RELY on investment income from derivatives. Banks don't actually HAVE money. They have mortgage securities and Hedge fund investments. Hedge funds are huge, and they are not required by law to follow the normal laws, they are pure speculative monsters, but they get great returns because they have the "law" advantage. When the mortgage securities bubble pops the banks have billions of dollars that they were depending on disappear. Hedge funds ALSO begin to disappear because they TOO were invested heavily in mortgage securities. Since banks are invested in Hedge funds AND mortgage securities they need even MORE money to prevent them from collapsing (ie, you can't get your money out of them because it is not there). People (wealthy investors) have also borrowed Yen from the Bank of Japan at a very low interest rate and invested it in such mortgage securities and Hedge funds to achieve a higher return. Now that they are incurring losses, they are pulling there money out as fast as they can to pay back the bank of Japan. Ergo the Yen has increased in value because these bankers need it to pay off the Bank of Japan. However, the higher in value the Yen skyrockets the less able they are to pay off the Bank of Japan. This means these speculators will have to pull money out from other speculative investments to pay the Bank of Japan. It is one huge speculative snake that was fueled itself with its own flesh. The snake has reached its head and now the world is going mad. The main point is that banks around the world depend on SPECULATORS such as these. Now that we have to pump billions of dollars into the banking system this creates inflation (big time). When the value of the dollar goes down all of the investors such as China who have invested in the dollar will "want" to pull it out (who knows how we will threaten them behind closed doors). Even if they never pull it out, we STILL CANNOT PAY BACK THE BONDS we owe them. NEVER EVER EVER. This will effect the WORLD ECONOMY. It will be like the Great Depression except MUCH MUCH worse. Like a new Dark Age.People don't understand that this can happen, because it is so "BIG" and historic. There is a way out of it: <a class="user" href="http://www.larouchepac.com/">http://www.larouchepac.com/</a>Check out the link. I am a registered Democrat but I will vote for Ron Paul (temporarily register Republican). There are Dems and Reps (such as Paul and Kucinich) who understand the NWO problem. Some of the solutions involve getting rid of the government (Paul), some of the solutions involve getting rid of the "slime mold" within the government (Kucinich). Either way, we have to understand that we have the same fight on our hands regardless of political views. For ANYTHING to happen in ANY good guys favor Dick Cheney must be out of office as soon as possible. <a class="user" href="http://www.larouchepac.com/">http://www.larouchepac.com/</a>