IT'S LIKE A FIX FOR A JUNKIE! Ron Paul on Economy Meltdown

[L. Coyote]

Run time: 05:31 https://www.youtube.com/watch?v=lQsC-F9YRxk   Posted on YouTube: September 19, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 19, 2008 By DU Member: L. Coyote Views on DU: 1604

 
From: VOTERSTHINKdotORG
http://cspanjunkie.org/
September 19, 2008 CNN

[The_Casual_Observer]

1. What would that fucker do?

It's a good thing that he will never be able to do anything but bat the shit about it.

[mikelgb]

3. this fucker obviously didn't watch the video

[The_Casual_Observer]

6. Anything ron paul has to say is worthless.

[digidigido]

8. Where do you invest your money? Just like to know so I don't put mine there

[The_Casual_Observer]

9. I wouldn't tell you shit.

Go ask ron paul.

[PerpetuallyDazed]

10. He has a point!

What Paul is alluding to is our destination towards a NAU, a new form of currency (the "Amero"), and the complete erosion of American sovereignty if the fundamental causes for these crises aren't corrected in some way... You don't have to agree with his ideology to admit that the problem is there and we need a solution.

[The_Casual_Observer]

13. pall is a crackpot. Reality and paul are two different things.

There isn't going to be any new currency.

[Muttocracy]

2. at least Paul is consistent in his attitude toward markets. nt

[CitizenPatriot]

4. I appreciate ron paul's POV

but "less government" thus far has created massive salaries, committees, and incredibly unfathomable wasteful spending along with no regulation and oversight of either corporations or the government.

Should we have let these companies fail? If you look back in world history, the creation of a trust to absorb the bad debt makes sense. Even if it is utterly appalling. It certainly proves the failure of free markets, but on the taxpayers back. The global economy can not afford any more of this reckless, dangerous and disproved theory.

Thoughtful, measured and conservative thinking is needed. Where does one find "conservative" thinking in terms of the economy? With the "conservatives" whose self-titled theories have wrought waste, fraud, collapse and spending or in the "liberal" ideas of say....Barack Obama, whose thinking and plan for the economy revealed a person of steady analysis?

Ironically, it is the Democratic ticket which offers the conservative fiscal approach. The world economy depends upon this election. McCain's ideology has been decidedly debunked, along with all of his other lies.

Let's add "free markets" to the laundry list of incompetence owned by the GOP.

What we have here is what they've been aiming for for many years: nationalization of corporations, buoyed by the cult-like worship of country, patriotism, god and heroes; I.E., Fascism. GOPPER style.

[navarth]

5. Well put. Thank you.

[digidigido]

7. He's Not Bat Shit

If you look historically at what happens to economies that just print money, you can see his point. Yes it would hurt now
yes it would be brutal, but I think the parallel is more like Kucinich letting Cleveland go bankrupt and not give up it's
electric utility. It is more pain over a short period of time, but it heals quicker and is better for the people in the long run.
You can't take on 3 Trillion of debt without money becoming worth less. If you think de valuing the dollar is the answer to
this problem, I have a bridge in Alaska I could sell you cheap

[CitizenPatriot]

11. that is absolutely the risk

in the choice they've made.

It appears to be a no win situation; let the global economy free fall into a massive depression, or stave it off with the trust and hope like hell you can offset the damage to the dollar.

Frankly, as much as I love my dollars and don't want them devalued, I do not want to live in a world going through a global depression, where there is no respite. This is not a good solution; it is the only short term solution to a problem which took years and years to develop.

Ironically, I could make the argument that this "choice" is a great analogy to the "choice" they are trying to take away from women, one where there is no GOOD choice. But why clutter the air with any kind of deep thought and provocation of ingrained but completely illogical ideology, when I know they are only open to choice when it is their own mistakes on the line.

[Duncan]

12. He makes sense to me on this one.

Reminds me of this Tom Tomorrow:

damn. How do you post an image!?

Well, here is a link instead:
http://action.credomobile.com/comics/2008/07/sparky_t_penguin_private_eye.html

[ProfessorPlum]

14. Jeffery Sachs is one of the villains of the Shock Doctrine

and the incredible crushing of hope by greed in Poland, Bolivia, and Russia are all discussed in that book. Get it and read it!!

[Krashkopf]

18. WARNING EVERYONE NEEDS TO READ "THE SHOCK DOCTRINE"

It is a, truly, eye-opening, world-view changing, work of investigative journalism. I strongly recommend it to EVERYONE!

This market meltdown could be "the shock" that proceeds "the shock therapy." Radical free market economics - Friedmanism - is what got us into this fricken mess. I am watching VERY closely to make sure that "the disaster capitalists" don't use this economic meltdown to shove even "Chicago School economics" down our throats!

When CNN starts talking about Jeffrey Sachs, and calls him a "world renowned economist" - instead of identifying him as one of the ARCHITECTS of radical freemarketeers RESPONSIBLE for the current meltdown - we are all about to get "fucked in the ass" whether we like it or not!

BEWARE of economic plans drafted in secret that "have to be passed immediately," to save the economy from collapse."

[ghostsofgiants]

21. If I could rec a post within a thread, I'd re this one.

:thumbsup:

[DuaneBidoux]

15. He's an idiot and understands NOTHING of economics. We would have 10 depressions by now under an...

idiot like this. This idiot still believes in the gold standard for christ sake. Under the gold standard we had total meltdowns between every 8 and 12 years with true hunger and abject poverty the result for 90% of the people.

Virtually no economist of any school, be it Keynsian, or any other including the Adam Smith school believes ANYTHING of what this man believes any more. We would be in a constant war against deflation and depression under his economic philosophy.

Granted what Bush has done is not good--but his would be much worse.

[gravity]

16. Exactly

This whole idea of returning to the gold standard is ludicrous. We got off of it for a reason: the Great Depression

[Krashkopf]

17. Paul is right . . . MORE deregulation is exactly what America needs . . .

Holy fucking shit. FREEPERS are bat-shit crazy!

[digidigido]

19. Study your economic history or prepare to live in the third world

I went to Mexico in 1980, the exchange rate was a little over 21 pesos to $1.
I just went down last week, the rate was about 10 to $1. If the dollar is devalued
and make no mistake, buying $1 trillion worth of bad debt will devalue the dollar,
it will probably be about 5 to 1 in a year. So go down to Mexico, and realize that
this is what America will become. We are witnessing Rome on instant replay, and then
tell me how will this country afford health care for its citizens.

[Krashkopf]

20. We can afford health care for our citizen's by RE-PRIORITIZING

STOP dumping $10 BILLION a month down the bottomless pit of foriegn occupation. STOP the SUPER-RICH and the CORPORATOCRACY from syphoning money out of the TREASURY and START making them pay THEIR FAIR SHARE of the tax burden.

There, that's how.