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View Full Version : Default Now, or Suffer a More Expensive Crisis Later: Ron Paul




sailingaway
07-22-2011, 12:06 PM
http://www.bloomberg.com/news/2011-07-22/default-now-or-suffer-a-more-expensive-crisis-later-ron-paul.html

sailingaway
07-22-2011, 02:18 PM
Oh, come on, Ron wrote it. It's good.....

belian78
07-22-2011, 03:23 PM
Wow... The comments are encouraging. And yes, very good read.

Sola_Fide
07-22-2011, 09:28 PM
Great read. I see a campaign platform or two in there...

LatinsforPaul
07-22-2011, 09:36 PM
Oh, come on, Ron wrote it. It's good.....

Of course it is. That is why I've been spreading it all over the Huffington Post (http://www.huffingtonpost.com/social/Freedom_and_Peace/john-boehner-debt-ceiling_n_907452_98650558.html). :D

braane
07-22-2011, 10:06 PM
That was an amazing read and the comments are very encouraging! :D

Seraphim
07-22-2011, 10:20 PM
poster Oren Nero:

Paul supporters: Please confirm you understand fully the consequences of returning to the gold standard, especially when we have so little of the sparkling commodity in the ground here in the US. So I guess we start by burning mounds of cash until we only have in circulation the value of the gold held in Fort Knox. Let's start with Ron Paul supporters' money, agreed? It's an interesting thought experiment to place an arbitrary, finite limit on an entire monetary system in the world's largest economy and see what happens. Paul supporters, start gathering those worthless dollars; the bonfire is at midnight. Don't be late!


FALSE Mr. Oren Nero.

One reason the US Government has regulated American lands so savegely is so that they can consume off the lands afar. Oh the glories of a modern army and technologies that resemble the might of God.

There are vast untapped gold mines all accross North America.

The USA has plenty of resources, like much of the world. Gold included.

In fact, please begin mining those untapped lands so that we Canadians can trade our HUGE oil flows for the gold.

No more USD please.

Gold =)

AGRP
07-22-2011, 11:11 PM
Another correct prediction.

What # will this be for him?

Carson
07-22-2011, 11:55 PM
It would be nice to bring a halt to the spending of the Federal Government becasue when they do they devalue the currency.

That would still leave the central bank itself able to create what ever they want for things like getting their way. That is the scary part. The new world order controls our war department and our borders. They also seem to have a tight grip on congress. I can't imagine them relinquishing control quietly.

False flag up the yin yang?

emazur
07-23-2011, 12:39 AM
He left out the third (and probably easiest to swallow) option that Bob Murphy presents: cut spending back to the level of 2003 and pay off obligations in full, with some room to spare. It's easy to justify: the Obama administration says the sky will fall if the debt ceiling isn't raised, therefore we can just go back to 2003 levels of spending, and I don't remember the sky falling back then from a government that was just too small and powerless to do anything. (and later on we can work on rolling back spending to 1903 and then 1803, or at least 1997 so that the income tax can be abolished).

sailingaway
07-23-2011, 12:44 AM
He left out the third (and probably easiest to swallow) option that Bob Murphy presents: cut spending back to the level of 2003 and pay off obligations in full, with some room to spare. It's easy to justify: the Obama administration says the sky will fall if the debt ceiling isn't raised, therefore we can just go back to 2003 levels of spending, and I don't remember the sky falling back then from a government that was just too small and powerless to do anything. (and later on we can work on rolling back spending to 1903 and then 1803, or at least 1997 so that the income tax can be abolished).

Baby boomers are nearer retirement so instead of in working/taxable years as in 2003 they are closer to needing to collect on SS and Medicare. So it isn't quite apples to apples, but the principle is still there.

DamianTV
07-23-2011, 01:36 AM
Maybe when we default, we can replace our current broken money system with a system that will provide for future generations, for your children and for mine, an Honest Money System. This may be our only chance to do it.

emazur
07-23-2011, 02:54 AM
Maybe when we default, we can replace our current broken money system with a system that will provide for future generations, for your children and for mine, an Honest Money System. This may be our only chance to do it.

Many people hope that a collapse of the system (I'm not saying a default would be that) would finally wake people up to the fallacy of government and fiat money. Truth is, the masses don't understand the fallacies of government and fiat money and will be begging for the government to "do something" when things go horribly wrong. Listen to this extremely informative and interesting episode of This American Life (Ron Paul is in it and they spend nearly a quarter of the episode discussing how the Fed creates money out of thin air):
http://www.thisamericanlife.org/radio-archives/episode/423/the-invention-of-money
But the part I want you to focus on is Brazil. Basically, Brazil had extremely high inflation to the point of store owners having to raise their prices several times a day. This went on for a while. Everyone knew things were broken, and the Brazillian government's solution was to create a parallel fiat currency that they would transition to. It "worked" (or at least it was closer to the inflation of your typical countries) for a while, but just a few months ago I recall reading how Brazillian inflation was becoming a big problem again (if someone has a link, feel free to post). People know when things have gone wrong, but if they've become so accustomed to the same old bullshit and they don't understand the nature of money, they'll trust whatever fix the so called experts put forth, and they'll eventually wind up right back where they started.

LibertyEagle
07-23-2011, 04:02 AM
Maybe when we default, we can replace our current broken money system with a system that will provide for future generations, for your children and for mine, an Honest Money System. This may be our only chance to do it.

If Ron Paul is elected, perhaps. If not...

Or, they will do as they have done before, and rush to whomever is offering them a chicken in the pot. Which is what the people did in welcoming FDR's socialist New Deal in the Great Depression. This time around, a global currency appears to be the "fix" that will be suggested.