What is Digg?882 Comments
- Pssdoff, on 03/22/2009, -42/+275Ron Paul should be proud for having purchased gold when it was $35 a ounce. That move was like bringing your own lifeboat on the Titanic.
- Stryder81, on 03/22/2009, -62/+256I suggest you look at his older videos. He spoke about the collapse of the Soviet Empire.
He predicted the 87 Recession in 1983.
There's a few more, just you tube em ;-)
Aside from that, just take a look. If we currently have somewhere around a 50 trillion ( or more ) overall debt, and in 10 years, it is planned that Obama will add 9.3 Trillion to it, it doesn't take a rocket scientist to understand where we are heading.
There is no way in hell we can pay China back for what they've loaned us. How do you think we can fix this? 2 Ways, Default or just not pay them back and keep printing and cause the people of the U.S. to have a vast amount of money, working, while starving them out to pay back a debt.
If you want to fix a debt, in it's most simplest form, You cut spending, THEN cut taxes and then you will gradually get out of the slump.
The complete opposite is being done right now and that is why it can be predicted for 10 to 15 years of a depression ahead. From the Real Estate market to the Mortgage Market, then Credit Then, & Ultimately, The Bond Market. Once the Bond market gets hit, we are ultimately f-ed because No one is bailing out the Govt. - hamobu, on 03/23/2009, -47/+200If depression does not last 15 year, will Ron Paul admit that he is wrong about economy?
- nyx210, on 03/23/2009, -9/+156I *really* hope Ron Paul is wrong on this one.
- Retry401, on 03/22/2009, -115/+262You can digg me down, but how is he an expert on the subject?
- Pseudorious, on 03/23/2009, -49/+195As much as I like Dr. Paul, 15 years seems rather excessive.
- argoff, on 03/23/2009, -26/+147Well, he served on the Joint Economic Committee; and the Committee on Financial Services (as Ranking Member of the Domestic and International Monetary Policy) for one. He has personally grilled the federal reserve chairman many times. He also, literally wrote the book about freedom and honest money. (several of them) http://www.ronpaullibrary.org/books.php Also, he's the founder of the Foundation for Rational Economics and Education http://www.free-nefl.com/ not to mention that he was a close long-time friends of both Hans Sennholz and Murray Rothbard well - world renowned economists. Also, I believe he has an honorary degree in economics from the Ludwig Von Mises institute as well. He is by far the most educated politician in economics ever. Also, I don't suppose that you happen to remember him predicting the banking collapse during his recent presidential campaign, and being blown off by all the main- streamers, do you?
- LordBacon, on 03/22/2009, -46/+167In before NoLibertarians comment ;)
- hamobu, on 03/23/2009, -36/+148Israel is our ally? Didn't they attack one out our ships? Didn't they spy on us countless times? Didn't they sell classified technology that we gave to them to Chinese? Didn't they threaten Saudi Oil fields when we wanted to sell AWACS planes to Saudis? Don't we give them the most money than any other country and get almost nothing in return?
- naderventura, on 03/22/2009, -79/+185dugg for freedom*)
- nukeleearr, on 03/23/2009, -5/+89the US won the iraq war?
- inactive, on 03/22/2009, -50/+130“It is not so much that gold will go up but that fiat currencies will go down,” he says. He even advocates a return to the gold standard, which he says is not as difficult as it sounds to achieve.
- Rememberthe0511, on 03/23/2009, -23/+92Just because he said it while the bush presidency was going on doesn't mean he said that it would happen while bush was in.
The Draft will happen if we keep on starting bull ***** wars.
And in the long run we did not win Iraq. Yes we won over their government. But there is no winning by being or staying there. 330 mill a day says we lose. - drifter, on 03/23/2009, -13/+67lol at everyone saying he is not an economist. Now don't get me wrong I don't agree with everything he says and I dont believe many things like income tax will be abolished.
But those saying he is not economist therefore cannot speak or be believed, do you say that for Obama? The guy who says one minute we are all going to die and the next minute "the economy isnt as bad as first thought". Get real. - iceman0113, on 03/23/2009, -28/+82Even if everyone starts listening now, it's too little, too late
- d03boy, on 03/23/2009, -15/+64Dugg you up so that other people know why he is an expert.
- inactive, on 03/23/2009, -174/+222This is from the man who also 'predicted' that during the bush presidency...
-The draft would be reinstated
-An oil boycott would be imposed
-That Iraq would be the "biggest war" since WWII
-The karzai government would fail!
-The US would not win the Iraq war
I dare say he is a bit of an alarmist, in addition to being naive on matters of islamic-extremist terrorism, as well as shunning our shining ally in the ME, Israel.
-Never forget (The Holocaust) - tim04, on 03/23/2009, -5/+50Unlike those blue chip stocks however, it didn't crash.
- BlackJackJester, on 03/23/2009, -11/+55Social security is broke - check. Current federal healthcare is a complete mess (VA, Medicare) - check. Alternative energy is a business and should be treated as such - check.
He's not saying he doesn't want these things. He's saying a state government is much more capable of successfully implementing them than the federal government. The European Union isn't supplying universal health care to every country, each country is supplying health care to it's own citizens. In the same way, the federal government shouldn't get involved in state health care. - MetalHead73, on 03/23/2009, -3/+43The whole "15 years" comment seemed like he said it off hand and appeared to be exaggerated.
- Alphabet, on 03/23/2009, -10/+47yea, but Republican leaders cockblock Ron Paul in everything, including last year's primaries. It's highly doubtful he'll get into a high enough position to enact his ideas.
- dsmx, on 03/23/2009, -22/+59Ron paul believes in a free market economy, minimal government, minimal taxes and lot's of personal freedom.
Just because Ron Paul votes against those things doesn't mean he thinks they're bad things it's just that his belief in voting against anything that will raise taxes means that he can't vote for them. - CTK14A, on 03/23/2009, -1/+38@Treadsoftly:
"Never Forget (the Holocaust)"
I'd prefer it if we actually lived by these words and actively prevented (or at least paid attention to) genocidal conflicts happening even today. As of 2008, 5.4 million people have died as a result of war in the Congo, and nobody seems to give a ***** (or even know about it, much less forget). - jeffiek, on 03/23/2009, -9/+45"I would much rather have control over the dollar"
That's the whole point. You DON'T have control over the dollar. The Fed has that. Notice what they've been doing lately?
What's the difference if they "legally" or "illegally" print and/or manipulate the money supply, it's still screws the little guy. Have you ever tried to "print" gold (or silver or ....)? Can't be done, "legally" or "illegally". That's the point.
Didn't you notice the ~4% overnight drop in the value of the dollar when Bernanke announced his plans last week? You've got the cart in front of the horse. It's paper that is vulnerable - to the government and central banks. - jeffiek, on 03/23/2009, -9/+44Dugg you up. It appears you're asking a legitimate question, not making a snide remark.
- Alexmtz101, on 03/23/2009, -11/+44If he's still alive by then.
- SoulGrub, on 03/23/2009, -22/+55The point isn't to make him president, the point is to perhaps adopt some of his policies.
- BlackJackJester, on 03/23/2009, -4/+35Israel as an ally is just as bad as Saudi Arabia is.
- d03boy, on 03/23/2009, -6/+34But gold has gone up while everything else went down.
- Godwhacker, on 03/23/2009, -10/+38I was working for Ron Paul during the Florida primaries. I went around and did a lot of public speaking. When I talked about how the wheels were coming off the economy, I was greeted with skepticism, jeers, and laughter. No one is laughing anymore. Ron Paul was right then, and he's right now.
- richmomz, on 03/23/2009, -7/+34He's still recovering from an earlier story where Paul's logic was so irrefutable that even he was forced to openly agree with him (regarding retroactive taxes on AIG bonuses). Proof that the truth DOES hurt sometimes... lol
- kward711, on 03/23/2009, -73/+98this is coming from the same man who believes that privatizing social security, NOT investing in alternative energy, and eliminating federal funding for health care are good things.
- Namakemono, on 03/23/2009, -2/+26We lost it the moment we declared it. Oh wait, we DIDN'T declare it.
- pintomp3, on 03/23/2009, -25/+49Ron Paul has predicted 11 of the last 3 depressions.
- Sogui, on 03/23/2009, -28/+51I'm digging this so when we start recovering next year I can link it inside the monthly Ron Paul article that we see here. (At least it's not as bad as the hourly ones last year).
Digg has an awful short-term memory when it comes to these fringe obsessions. We were supposed to invade Iran x15 by now, and all our troops in Iraq should all be dead by now, we're supposed to be in martial law with Bush still president, Obama was supposed to be assassinated or lose the election due to voting fraud and Diebold hacking, etc.... - ptheroux, on 03/23/2009, -5/+28Since 1970-ish to now, gold has outperformed the Dow.
- rottencod, on 03/23/2009, -25/+47The Gold Standard was abandoned for a reason. Simply tying the dollar to gold won't magically fix anything. It would limit the amount of money that can be printed, which means that there would never be enough capital on hand for anything, and the entire market would still run on credit, or the expectation of payment, rather than actual money.
Otherwise, the value of the dollar would skyrocket, not because it's healthy but because there's no money to be found anywhere. Wages and prices would drop like bricks, export markets would collapse, business starts would wither, gold would be immeasurably expensive, and half of the country would have to resort to a barter system just to get by. - groverblue, on 03/23/2009, -3/+25so, should the money be left in the executive branch? Beside, he votes against it. He is using the system against itself. For the people; not the corporations.
- JigoroKano, on 03/23/2009, -2/+23How can you be a Ron Paul fan and not be familiar with lewrockwell.com? It's one of the biggest collections of Ron Paul's material on the web.
- f54280, on 03/23/2009, -8/+29Oxymoron of the day: "reputable economist".
Definition: an economist that didn't see the obvious coming 2 years ago, but still spout out predictions on a regular basis. - inactive, on 03/23/2009, -29/+50doesn't mean he's not right, get over yourself and keep obsessing over obama and his big spending, big government.
- inactive, on 03/23/2009, -10/+31-The draft would be reinstated
He said that esclation of wars could result in another draft. He was and is still correct.
-An oil boycott would be imposed
Show me published writing or video evidence of him saying this under non-hypothetical pretenses.
-That Iraq would be the "biggest war" since WWII
I believe the exact quote is something along the lines of the war in the Middle East versus Iraq. Again, he could very well be right about this in the long run seeing as how it could potentially be accelerating our insolvency as a nation.
-The karzai government would fail!
Again, non-hypothetical proof please.
-The US would not win the Iraq war
You are a *****, define "win" as it applies to the war in Iraq. And lets be honest, how does one "win" any war that is actually an illegal occupation? Let me guess, the ends justify the means in your mind? Even though we have to murder millions of innocents at least they'll be better off right? - eqisow, on 03/23/2009, -5/+25Firstly, he's not claiming to be Nostradamus. He's simply stated what *could* happen given a certain set of variables. Second, I'm pretty sure a few of those are made up, especially the part about him saying they would happen during the Bush presidency. Third, two out of five could be worse.
-The draft would be reinstated
<a class="user" href="http://en.wikipedia.org/wiki/Backdoor_draft" rel="nofollow">http://en.wikipedia.org/wiki/Backdoor_draft</a& ...
-The US would not win the Iraq war
Well, it depends how you splice the words, but if you're still calling our occupation a war (which the government does), then we haven't won and we won't win. - abrasion, on 03/23/2009, -1/+21So depressions should only last what 1.5 years? 5 years?
Think about it, it's a depression and the circumstances are WORSE THAN LAST TIME.
Ron Paul is probably trying to give people hope, for all we damned well know, it could be 30 years. - CivicTV, on 08/14/2009, -1/+21Japan has been in recession since the 90's
- cmcagle, on 03/23/2009, -6/+26Treadsoftly, did you even read your own link? The last paragraph says, "I have no timetable for these predictions, but just in case, keep them around and look at them in 5 to 10 years. Let us hope and pray that I am wrong on all accounts. If so, I will be very pleased."
So tell us, when exactly did he predict that all of this would happen "during the Bush presidency"? - QuantumBios, on 03/23/2009, -8/+28I wish I could digg you up twice
- moman, on 03/23/2009, -4/+23And can you please tell me where in that Lew Rockwell article it states that all that would take place in the BUSH ADMINISTRATION as you originally claimed. But lets take a few things from the article that did take place already:
"I predict U.S. taxpayers will pay to rebuild Palestine, both the West Bank and the Gaza, as well as Afghanistan. U.S. taxpayers paid to bomb these areas, so we will be expected to rebuild them.
Peace, of sorts, will come to the Middle East, but will be short-lived. There will be big promises of more U.S. money and weapons flowing to Israel and to Arab countries allied with the United States.
U.S. troops and others will be used to monitor the "peace.""
"The U.N. will continue to condemn, through resolutions, Israeli-U.S. policies in the Middle East, and they will be ignored. "
"a major economic downturn, will decimate U.S. Federal Government finances, with exploding deficits and uncontrolled spending. "
"Federal Reserve policy will continue at an expanding rate, with massive credit expansion, which will make the dollar crisis worse.. "
"Erosion of civil liberties here at home will continue as our government responds to political fear in dealing with the terrorist threat by making generous use of the powers obtained with the Patriot Act."
"Many American military personnel and civilians will be killed in the coming conflict. "
"The Congress and the President will shift radically toward expanding the size and scope of the Federal Government. This will satisfy both the liberals and the conservatives.
Military and police powers will grow, satisfying the conservatives. The welfare state, both domestic and international, will expand, satisfying the liberals. Both sides will endorse military adventurism overseas. "
"During the next decade, the American people will become poorer and less free, while they become more dependent on the government for economic security.
The war will prove to be divisive, with emotions and hatred growing between the various factions and special interests that drive our policies in the Middle East. "
And most importantly
"I have no timetable for these predictions, but just in case, keep them around and look at them in 5 to 10 years"
2002 (when he wrote this) + 10 years = 2012. By far 90% of what he wrote has already transpired. Based on that track record it doesn't seem that far fetched that the remaining 10% could occur in the next 3 years, especially as this economic downturn turns into a depression. So I reiterate, STFU. (alas I fell subject to<a class="user" href="http://xkcd.com/386/" rel="nofollow">http://xkcd.com/386/</a> ) - jmbrill81, on 03/23/2009, -26/+45None of the things that you guys are citing are really indicative of any actual expertise he may or may not have in economics. People can get appointed to congressional committees by other congressmen for any number of reasons. Grilling someone hardly qualifies that person as an expert in a subject. Anyone can write a book. Anyone can also found a non-profit organization, particularly given that when Mr. Paul founded it, it was simply a newsletter called "The Freedom Report." I have friends who are doctors and lawyers, but you wouldn't want me operating on you or representing you in a court of law. Honorary degrees are meaningless and the Ludwig Von Mises institute is... well, it is problematic to say the least:
http://en.wikipedia.org/wiki/Ludwig_von_Mises_Inst ...
I don't know how anyone can make a boldfaced statement that somebody is "by far the most educated politician in economics ever." That is a fantastically undemonstratable statement, it is not specific whatsoever (do you mean U.S. politician, or any politician from any nation or entity ever?), and probably easily disproven. What about Michael Bloomberg, or Ross Perot? Both of those guys founded and ran billion-dollar businesses and revolutionized their respective industries. Ron Paul was a gynecologist.
I do not remember the scenario you are talking about in which he predicted the banking collapse. Could you provide a link? - Boohickey11, on 03/23/2009, -12/+31This is, sort of , a myth. Rep. Paul wants to get rid of legal tender laws and believes Gold/Silver would become our primary currency. He doesn't want to back to the old gold standard. For more info google that *****.
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