Ron Paul: Decision to run will depend on dollar

[RonPaulFanInGA]

http://blogs.desmoinesregister.com/dmr/index.php/2011/03/23/ron-paul-decision-to-run-will-depend-on-dollar/


Many potential presidential candidates are looking to poll data to determine whether to launch a campaign for the 2012 Republican nomination.

Ron Paul? He’s watching the dollar.

“I’m undecided, that’s the truth,” the Texas congressman said today of his presidential aspirations. “But I have said in the past, that if there’s a major economic crisis worse than what we have now … I’d feel almost obligated since I’ve spent my lifetime warning about a dollar crisis.”

Paul also met with Gov. Terry Branstad and state GOP leaders during his time in Des Moines. The legislator will return to Iowa April 11 for an appearance in Sioux Center.

[tangent4ronpaul]

Well, between stimulus 3 (or is it 4 now?), the second largest holder of our debt (Japan) dumping it to pay for their problems, the Libya "crisis" driving up oil prices, etc., etc., I think the good doctor is a confirmed candidate.

15% a year inflation and 20% unemployment isn't bad enough? Makes me hope the economy goes to hell fast enough to meet his pain threshold while he can still enter the race.

-t

[NewRightLibertarian]

Now I'm rooting for the dollar to collapse lol

[QueenB4Liberty]

Now I'm rooting for the dollar to collapse lol

Yeah I mean by the time this does at the rate we're going, it'll be way to late to announce. :(

[Lucille]

Yeah I mean by the time this does at the rate we're going, it'll be way to late to announce. :(

That's what I'm afraid of too.

Guest Post: Investment Legends - “Dollar Collapse Inevitable” (http://www.zerohedge.com/article/guest-post-investment-legends-%E2%80%9Cdollar-collapse-inevitable%E2%80%9D)


BG: The U.S. dollar ended 2010 about where it started; does it resume its downtrend in 2011, or are fears about its demise overblown?

Jim Rogers: No, but further down the road.

Bill Bonner: No opinion. But there is more risk in the dollar than potential reward.

Peter Schiff: It's hard to pinpoint exactly when the dollar will collapse, but it will take a miracle to avoid that outcome in the near term. It really depends on when the creditors of the United States realize that they are not going to get their principal returned to them in real terms, but rather in grossly devalued dollars. We have already seen the average duration of U.S. Treasury debt drop below that of Greece. No one wants to buy a 30-year bond with negative real interest rates as far as the eye can see.

Jeffrey Christian: We expect the dollar to be volatile against most currencies in 2011, but that its demise has been prematurely predicted. The dollar may move sideways to slightly higher against the euro, yen, and pound, while continuing to deteriorate against the Canadian and Australian dollars, the rupee, yuan, rand, and other emerging economy currencies.

John Williams: There remains high risk of a dollar selling panic unfolding in the year ahead, as the U.S. economy tanks anew, as the Fed continuously expands its easing, and as dollar holders dump the U.S. currency and dollar-denominated paper assets. Such would be a precursor to the inflation problem.

Steve Henningsen: Similar to my thoughts last year, I still believe the dollar is headed down long-term, but it could bounce around over the next year. If sovereign debts become a problem again, like I think they will later this year, then everyone will go running back to “Mother Dollar” once again for one last hug before she lies back down on her sickbed.

Frank Trotter: As the economy waffles and the global investing community's attention is drawn from one crisis to the next, I expect the U.S. dollar to bounce up and down in the current range. After that, however, my analysis suggests that measured by the key factors of fiscal and monetary policy, combined with a significant trade deficit, the U.S. does not look as good as our major trading partners, and I thus expect the dollar to decline, perhaps significantly, in the intermediate term. Big geopolitical events may accelerate this or create a flight to U.S. dollar quality, so hold on to your hats.

Krassimir Petrov: I think the dollar resumes lower. I expect QE3 and QE4 – a dollar-printing fest that will eventually sink the dollar. Sure, all fiat currencies are in deep trouble and prone to overprinting, but the reserve status of the dollar actually makes it more vulnerable now. Whether the dollar sinks against other currencies is a fool's game not worth playing. It is like being in the hospital, where all patients are suffering from cancer, and trying to guess who will feel best at the end of next year, or trying to guess who will succumb first. That's why it is so much safer to play the dollar against gold.

Bob Hoye: Fears of the dollar's demise have been widely discussed and are "in the market." The dollar, itself, will not be repudiated – just the mavens that have been "managing" it.

[eduardo89]

And now we're going to see a MASSIVE dollar rally...

[Joey Fuller]

dude, he is going to run... I think at first he was very hesistant ... concerned about the financial and emotional cost... but the time is right.. everyone is sick of the Democrat/Repub. paradigm.. people are tired of Big Govt/Big Brother... the Ron Paul Revolution is growing... just wait.. when he announces it's gonna be wild.. a huge party!

[nobody's_hero]

It'd be nice if we could do something about these wars in the mean time, though. I mean, I know financially he's waiting to pummel some Fed puppets with Austrian economics, but I don't see any potential anti-war candidates in the making right now.

[newbitech]

Dollar is working off a double top from early 09 to mid 10. Watch to see if the short term double bottom holds, if not 70-71 is the fails safe. If it breaks below 70 Ron will ;) This could all unfold very quickly.

http://bigcharts.marketwatch.com/charts/big.chart?nosettings=1&symb=dxy&uf=0&type=2&size=2&sid=3044712&style=320&freq=2&time=20&rand=2003894962&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

[tangent4ronpaul]

dude, he is going to run... I think at first he was very hesistant ... concerned about the financial and emotional cost... but the time is right.. everyone is sick of the Democrat/Repub. paradigm.. people are tired of Big Govt/Big Brother... the Ron Paul Revolution is growing... just wait.. when he announces it's gonna be wild.. a huge party!

Yeah - but he worries about Carrol - and so do I

These things take a lot out of you.

-t

[tangent4ronpaul]

It'd be nice if we could do something about these wars in the mean time, though. I mean, I know financially he's waiting to pummel some Fed puppets with Austrian economics, but I don't see any potential anti-war candidates in the making right now.

Kucinich and Nader.

[AZKing]

Quick, everyone get rid of their dollars :>

[RonPaulFanInGA]

Kucinich and Nader.

Those socialist, retread losers? Pass.

[BlackTerrel]

The dollar will collapse - whether it will be tomorrow or three years from now is less certain however.

I hope that's not really what he's basing it on.