View Full Version : LRPT: Jim Rogers Picks a President

12-29-2011, 01:10 PM
Jim Rogers Picks a President (http://www.lewrockwell.com/politicaltheatre/2011/12/jim-rogers-picks-a-president/)

Though the 69-year-old Singapore resident said he doesn’t formally endorse candidates, Rogers told Australian Financial News Network (AFFN) he likes what he hears from Ron Paul, in as much as Paul at least addresses the issues of restoring fiscal and monetary responsibility in Washington.

“Gary Johnson and Ron Paul seem to understand the problems that are facing America, but I’m not in the business of endorsing political candidates,” said Rogers.

However, Rogers does endorse prudent, yet very painful, remedies to debt levels in the U.S., including real budget cuts, including draconian cuts in military spending, a Ron Paul theme throughout his campaign and throughout the more than two decades as a U.S. Representative from Texas.

The Austrian school of economics advocate, Rogers, also insists the Fed should go, another strong message from Paul, who was heavily influenced by Friedrich Hayek’s book, The Road to Serfdom, while Paul was a medical resident in the 1960s.

“The U.S. Government should abolish the Federal Reserve [System] that’s the first thing they should do. And they are not going to do that, but they should do is let the interest rates find their normal rate their realistic level,” Rogers told The Street in a Dec. 7 interview. “Right now, masses of people in America the people who have save and invest the people who have done what we would say as the right thing to do are being destroyed . . .”

And Rogers affinity for Ron Paul is not a recent one; he’s been an advocate for Paul since 2008, as evidenced by his interview with Financial Times of London soon after the election of Barrack Obama.

Read more: http://www.beaconequity.com/jim-rogers-ron-paul-for-president-2011-12-28/#ixzz1hx6884OV

12-29-2011, 01:50 PM
Hopefully a few knuckle heads will process Roger's suggestions and a light-bulb will flash on.

Keith and stuff
12-29-2011, 02:21 PM
One minor comment "including draconian cuts in military spending, a Ron Paul theme throughout his campaign"

Last I checked, Ron Paul isn't calling for draconian cuts in military spending. He calls for cutting it by 15% at first but then increasing it every year. It is important to note that when Ron Paul talks about cutting military spending, Ron Paul says he isn't for cutting defense spending but reducing the war spending by ending the wars and bringing the troops home.

The NH state government cut University of New Hampshire system funding by 48% this year and the majority of people that it was an OK move. I consider a 48% cut a very large cut but I don't consider 15% a very large cut, especially when Paul calls for increase for the next 3 years.