Wow, and gold is down 40 bucks on this talk?
Site Information
About Us
- RonPaulForums.com is an independent grassroots outfit not officially connected to Ron Paul but dedicated to his mission. For more information see our Mission Statement.
Wow, and gold is down 40 bucks on this talk?
In that short clip, Benanke was correct, surprisingly. The interest rate isn't a big of a deal as compared to the debt that is being racked up each year. $100B more in interest payments a year isn't nearly as bad as $1T more in debt. Too bad Congress seems unable to grasp that...
Turning the GOP into a party of liberty will not be a quick race, it will be a marathon.
the belt tightening verses spending swings in institutions
like our pentagon is the "trill here, trill there" quip thingie?
I'm an adventurer, writer and bitcoin market analyst.
Buy my book for $11.49 (reduced):
Website: http://www.grandtstories.com/
Twitter: https://twitter.com/LeviGrandt
Facebook page: https://www.facebook.com/grandtstori...homepage_panel
BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG
"Your mother's dead, before long I'll be dead, and you...and your brother and your sister and all of her children, all of us dead, all of us..rotting in the ground. It's the family name that lives on. It's all that lives on. Not your personal glory, not your honor, but family." - Tywin Lannister
Of course, and my professor at school was baffled by that fact. Its as if no one ever thinks interest rates can go up. We're all delusional. Buy more, spend more, finance everything on cheap money. In the meantime we're killing our economy and our country. Interest rates are low because the national debt is enormous.
Last edited by Jlasoon; 06-07-2012 at 04:52 PM.
"Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear.” -Ron Paul
"Bathtub falls and police officers kill more Americans than terrorism, yet we've been asked to sacrifice our most sacred rights for fear of falling victim to it." -Edward Snowden
Interest rates are low because there is a high demand for US debt. Despite the enormous debt, apparantly the world markets think we are still a more sound invesment than debt from Euro nations, many of whom have a lower debt/GDP ratio. There's a theoretical limit to the amount of debt the world will absorb, but my crystal ball isn't working at the moment.
Turning the GOP into a party of liberty will not be a quick race, it will be a marathon.
Connect With Us