'Ron Paul Told Us So' - The Economic Crisis

[Joe Contrarian]

Re: 'Ron Paul Told Us So' - The Economic Crisis

brucefan, you'll love this.

Was in a dealership the other day and the manager told me he's in the hole $135,000, not knowing when/if he'll be reimbursed.

In the meantime, guess who's compensating him for this coercive government boondoggle? That's right, every NON-Cash-For-Clunkers customer. They're selling them ABOVE sticker price -- a sure-fire formula to 'stimulate' auto sales. :doh1

Folks, they're literally making it up as they go along.

"Part of my job, I think, as president, is to make government cool again."
-- B. Hussein Obama -- Campaign '08

Actually, not since Adam Smith has the free market had a more effective ambassador.

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Ron Paul

<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><EMBED src=http://www.youtube.com/v/m_QehEftnhg&hl=en&fs=1& width=560 height=340 type=application/x-shockwave-flash allowfullscreen="true" allowscriptaccess="always"></EMBED>


The Fed's Interesting Week

It has been an interesting week indeed for the Federal Reserve. Early this week, it was announced that President Obama intends to reappoint Fed Chairman Ben Bernanke to a second term in January, signaling a vote of confidence in him. Bernanke seems to be popular with the administration and with Wall Street, and with good reason. His lending policies have left big banks flush with newly created cash that covers up old mistakes and allows for new ones. By buying up mountains of Treasury debt he has also enabled spending to soar to ridiculous levels that should startle any responsible economist, and scare any American concerned about the value of the dollar. However, these highly sensitive decisions about our money are not made by economists, they are made by politicians. Bernanke, like most of his predecessors, is the politician?s best friend. However, there is no reason to believe any other central planner would behave any differently, considering the immense political pressure on the Fed.

Fed policies have been as bad for the economy as they are good for politicians and bankers, as the recently released numbers on the debt and deficit demonstrate. For the first time since World War II the annual budget deficit is projected to be over 11 percent of the nation?s gross domestic product. It is also projected that by 2019 the national debt will be 68f GDP. Our path, if unchanged, is completely untenable.

The administration claims that it inherited a dire situation from the last administration, which is absolutely true. However, that hasn?t stopped them from accepting all the policies and premises that got us here, and accelerating those policies to rapidly make a bad situation much worse. The bailouts started with the last administration. They have gotten bigger with this one. The last administration gave us expanded government involvement in healthcare with a new prescription drug benefit. This administration gave us a renewal and expansion of SCHIP, and now the current healthcare takeover attempts. In reality, we can afford none of this, but shady monetary policy allows Washington to continue along its merry way, aggravating all our economic problems.

Not everyone in government finds it acceptable that the Fed wields so much power and privilege in secrecy. Last week, a federal judge ruled against Fed secrecy, compelling them to release under the Freedom of Information Act information regarding which banks received emergency loans, and under what terms. The Fed will, of course do everything in its power to fight this ruling and it is certainly not the last word on the issue. Still, it is encouraging to see that the interests of the taxpayers were defended victoriously in court, while the Fed only sees the plight of its big banker friends.

Meanwhile HR 1207 and S604, legislation to open up the Fed?s books to a complete audit, continue to gain momentum in Congress as the people continue to insist on real transparency of the Federal Reserve. One way or another, the days of Fed autonomy are coming to an end, as well they should. No one should have the power to debauch the currency and gut the economy as they do. It is time they answered for their actions, so the people can understand that we truly are better off with freedom instead of Fed tyranny.

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Texas Straight Talk

A weekly column
<!-- BLOG INCLUDE -->Healthcare Reform is More Corporate Welfare


Last Wednesday the nation was riveted to the President?s speech on healthcare reform before Congress. While the President?s concern for the uninsured is no doubt sincere, his plan amounts to a magnanimous gift to the health insurance industry, despite any implications to the contrary.
For decades the insurance industry has been lobbying for mandated coverage for everyone. Imagine if the cell phone industry or the cable TV industry received such a gift from government? If government were to fine individuals simply for not buying a corporation?s product, it would be an incredible and completely unfair boon to that industry, at the expense of freedom and the free market. Yet this is what the current healthcare reform plans intend to do for the very powerful health insurance industry.
The stipulation that pre-existing conditions would have to be covered seems a small price to pay for increasing their client pool to 100f the American people. A big red flag, however, is that they would also have immunity from lawsuits, should they fail to actually cover what they are supposedly required to cover, so these requirements on them are probably meaningless. Mandates on all citizens to be customers of theirs, however, are enforceable with fines and taxes.
Insurance providers seem to have successfully equated health insurance with health care but this is a relatively new concept. There were doctors and medicine long before there was health insurance. Health insurance is not a bad thing, but it is not the only conceivable way to get health care. Instead, we seem to still rely on the creativity and competence of politicians to solve problems, which always somehow seem to be tied in with which lobby is the strongest in Washington.
It is sad to think of the many creative, free market solutions that government prohibits with all its interference. What if instead of joining a health insurance plan, you could buy a membership directly from a hospital or doctor? What if a doctor wanted to have a cash-only practice, or make house calls, or determine his or her own patient load, or otherwise practice medicine outside the constraints of the current bureaucratic system? Alternative healthcare delivery models will be at an even stronger competitive disadvantage if families are forced to buy into the insurance model. And yet, the reforms are sold to us as increasing competition.
What if just once Washington got out of the way and allowed the ingenuity of the American people to come up with a whole spectrum of alternatives to our broken system? Then the free market, not lobbyists and politicians, would decide which models work and which did not.
Unfortunately, the most broken aspect of our system is that Washington sees the need to act on every problem in society, rather than staying out of the way, or getting out of the way. The only tools the government has are force and favors. These are tools that many unscrupulous and lazy corporations would like to wield to their own advantage, rather than simply providing a better product that people will willingly buy. It seems the health insurance industry will get more of those advantages very soon.

Posted by Ron Paul (09-14-2009, 12:11 PM)
<!-- / message -->

 

[tank]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Texas Straight Talk

A weekly column
<!-- BLOG INCLUDE -->Healthcare Reform is More Corporate Welfare


Last Wednesday the nation was riveted to the President?s speech on healthcare reform before Congress. While the President?s concern for the uninsured is no doubt sincere, his plan amounts to a magnanimous gift to the health insurance industry, despite any implications to the contrary.
For decades the insurance industry has been lobbying for mandated coverage for everyone. Imagine if the cell phone industry or the cable TV industry received such a gift from government? If government were to fine individuals simply for not buying a corporation?s product, it would be an incredible and completely unfair boon to that industry, at the expense of freedom and the free market. Yet this is what the current healthcare reform plans intend to do for the very powerful health insurance industry.
The stipulation that pre-existing conditions would have to be covered seems a small price to pay for increasing their client pool to 100f the American people. A big red flag, however, is that they would also have immunity from lawsuits, should they fail to actually cover what they are supposedly required to cover, so these requirements on them are probably meaningless. Mandates on all citizens to be customers of theirs, however, are enforceable with fines and taxes.
Insurance providers seem to have successfully equated health insurance with health care but this is a relatively new concept. There were doctors and medicine long before there was health insurance. Health insurance is not a bad thing, but it is not the only conceivable way to get health care. Instead, we seem to still rely on the creativity and competence of politicians to solve problems, which always somehow seem to be tied in with which lobby is the strongest in Washington.
It is sad to think of the many creative, free market solutions that government prohibits with all its interference. What if instead of joining a health insurance plan, you could buy a membership directly from a hospital or doctor? What if a doctor wanted to have a cash-only practice, or make house calls, or determine his or her own patient load, or otherwise practice medicine outside the constraints of the current bureaucratic system? Alternative healthcare delivery models will be at an even stronger competitive disadvantage if families are forced to buy into the insurance model. And yet, the reforms are sold to us as increasing competition.
What if just once Washington got out of the way and allowed the ingenuity of the American people to come up with a whole spectrum of alternatives to our broken system? Then the free market, not lobbyists and politicians, would decide which models work and which did not.
Unfortunately, the most broken aspect of our system is that Washington sees the need to act on every problem in society, rather than staying out of the way, or getting out of the way. The only tools the government has are force and favors. These are tools that many unscrupulous and lazy corporations would like to wield to their own advantage, rather than simply providing a better product that people will willingly buy. It seems the health insurance industry will get more of those advantages very soon.

Posted by Ron Paul (09-14-2009, 12:11 PM)
<!-- / message -->

Ron Paul is right on about this.When they made car insurance mandatory they said the price would not go up and should go down since more people would have to have it, but it has went up a lot since then.

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Ron Paul WAKE UP AMERICA 2348ji23e




<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><EMBED src=http://www.youtube.com/v/bd2aLYo94zU&hl=en&fs=1& width=560 height=340 type=application/x-shockwave-flash allowfullscreen="true" allowscriptaccess="always"></EMBED>

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Very consistant message from all the people who actually saw this crisis coming



Posted by Economic Analyst at <A class=timestamp-link title="permanent link" href="http://thecomingdepression.blogspot.com/2009/10/ukraine-shutting-down.html" rel=bookmark><ABBR class=published title=2009-10-30T10:02:00-07:00>10:02 AM</ABBR> 0 comments



Ron Paul: Get Prepared This Will End Badly



Note: Cash For Clunkers Graph
The large-scale government intervention in the economy is going to end badly.

Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.

A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.
Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate. We have seen the results of Alan Greenspan's excessively low interest rates: the housing bubble, the explosion of subprime loans and the subsequent collapse of the bubble, which took down numerous financial institutions.

(snippet)
What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years.
LINK HERE

 

[railbird]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Bruce fan,

Read the books of Ezekiel, Daniel, Revelation.

For FUTURE history.

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Ron Paul's Texas Straight Talk 11/16/09: Competition With the Government?

Posted November 16th, 2009 by xntryk1 Competition With the Government? | by Ron Paul
Last Saturday many concerned Americans watched in horror as the House passed the healthcare reform bill. If this bill makes it through the Senate, it would massively overhaul the way healthcare is delivered in this country. Today, obviously, we don?t have a perfect system, but this legislation takes all the mistakes we are making with healthcare and makes them worse. Most of what is wrong with healthcare stems from decades of government intervention and the resulting unintended consequences.
But the government?s prescription for the ills caused by intervention is always more intervention. We see this not only in healthcare policy, but also in foreign policy, in economic policy, and in monetary policy - basically, in all areas of public policy. It was even claimed that the House bill would increase competition in healthcare, and thereby improve the private sector?s business model for insurance.
It is fascinating that politicians would use the language of the free market in this way to justify more corporatism. This demonstrates a couple of things. One, that politicians truly do not understand the very basic tenets of a free market. By definition, a free market is free from government intervention. But once a little intervention is accepted as legitimate, politicians will blame the problems created by their intervention on the free market and present themselves as saviors that must intervene even more.
It also demonstrates that politicians know that Americans still believe the free market is a good thing. People know and understand that competition among businesses is better for the consumer than a monopoly. However, competition between a private business and a government or government-favored entity is not real competition.
In real competition, your competitor can go bankrupt if they do a bad job. Everyone knows a government program is forever, no matter how poorly it performs. In real competition, efficiency is necessary for survival. In government programs, waste is rewarded as budgets are often determined by how much money a department is able to consume in a year. In real competition, one business does not have regulatory or taxation authority over its competitors. In real competition, businesses get sued and punished for breaking contracts and defrauding people, and are kept accountable in this way. But just try to sue the government when you are unjustly harmed by it!
The reason real competition is a good thing is because good businesses get bad ones out of the consumer?s way. Can the government put someone out of business? Most certainly! But it will have the opposite effect: an otherwise good business will be replaced by a poorly performing government agency, or a government-favored monolithic business that behaves almost like a government agency.
If Washington really wanted to give consumers more choices they would remove legislative and regulatory barriers to competition across state lines for health insurers. They would remove barriers for new and innovative models of healthcare and tort reform. They wouldn?t have run so many church and charitable hospitals out of business. Washington is keenly interested in healthcare reform, but it is certainly not going to increase competition or to expand your options for healthcare.
Posted by Ron Paul (11-16-2009, 12:33 PM) :cheers

 

[soli]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Who gives a fuck what Ron Paul says....Fuck Ron Paul and the horse he road in on..op:

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Who gives a fuck what Ron Paul says....Fuck Ron Paul and the horse he road in on..op:

Thankfully many people do.

He is one of the few people in politics who says what he means, and means what he says

Other then Bernie Sanders, the socialist

 

[tank]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Thankfully many people do.

He is one of the few people in politics who says what he means, and means what he says

Other then Bernie Sanders, the socialist

If Paul would have got elected I do not think we would be wasting as much money as we have under Barry.We would still be in a mess but we would at least have direction.

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Ya think:doh1

Ron Paul would be telling people the truth!

He would be educating people on sound money, the true damage inflation has done to our standard of living, slashing bloated government agencies, unleashing free market solutions, abolishing the IRS, getting rid of the income tax, closing unnecessary military bases all across the globe, protecting our freedoms, and getting the two parties to actually work together.

The truth is we would be in worse shape in the short term as we take our medicine , let companies fail, let real estate prices fall, and stop the government from reinflating the bubble

But the pain would be short, and the economy would rebound and grow

Now, with Obama sniffing glue and daydreaming about some socialist utopia he is trying to build, we are in for the biggest financial crisis this world as ever seen

Brace for impact, the crisis is in front of us


Roubini: 'The worst is yet to come'...

 

[tank]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Ya think:doh1

Ron Paul would be telling people the truth!

He would be educating people on sound money, the true damage inflation has done to our standard of living, slashing bloated government agencies, unleashing free market solutions, abolishing the IRS, getting rid of the income tax, closing unnecessary military bases all across the globe, protecting our freedoms, and getting the two parties to actually work together.

The truth is we would be in worse shape in the short term as we take our medicine , let companies fail, let real estate prices fall, and stop the government from reinflating the bubble

But the pain would be short, and the economy would rebound and grow

Now, with Obama sniffing glue and daydreaming about some socialist utopia he is trying to build, we are in for the biggest financial crisis this world as ever seen

Brace for impact, the crisis is in front of us


Roubini: 'The worst is yet to come'...

Ron Paul has been telling the truth but sadly no one listened to him until now. And it is too late now!!!Glad people are concerned now but too little too late.

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

The Fed's Money Monopoly


Last week, in the name of protecting the little guy from Wall Street, the House passed HR 4173 to increase the little guy?s false sense of security in the financial system. This mammoth piece of legislation would massively increase government regulation and oversight in the banking industry under the misguided reasoning that more government could have stopped faulty lending practices, when in actuality it caused them. This bill would also greatly increase the powers of the Federal Reserve, which too many in Congress still see as savior rather than perpetrator in this mess.<?XML:NAMESPACE PREFIX = O /><O></O>
One silver lining is that the amendment to audit the Fed is still attached to the bill, and if it survives the Senate, the Fed will no longer operate in secrecy. If any version of HR 4173 becomes law, the Fed will be intervening and bailing out more rather than less, as it will gain enormous new powers in addition to those it already has. Whatever happens, the Fed and its defenders have seen that people are becoming very wary of its methods of operation, and many are downright angry at its very existence. Never again will the Fed be immune from the scrutiny of its critics. This is very positive.<O></O>
Because of legal tender laws that force acceptance of the dollar, the Fed has absolute power over the currency. This absolute power is leading to the absolute corruption of our currency. The money supply has doubled in the last year or so, which is extremely dangerous. The banks seem to be hoarding liquidity now but once these dollars make their way into the economy, hyperinflation and economic chaos will be a real possibility. <O></O>
Every time hyperinflation rips through an economy, the middle class gets completely wiped out. It is very alarming to watch the purchasing power of an entire life savings reduced to that of a few pennies. Those savings represent years of real labor, real time, effort and sacrifice exchanged for corruptible pieces of paper that politicians and bankers can destroy at whim. <O></O>
Legal tender laws force the people to become subject to this risk for the benefit of the rulers. Artificial demand for currency allows the authorities to create arbitrary amounts of it to pay for wasteful projects, like frivolous wars and an ever-expanding public sector. This saps the private economy of jobs and purchasing power, yet the temptation proves too great for politicians, time and time again. Our government is no different. Although our dollar has taken nearly a century to lose 98f its purchasing power, the fact that we are all obliged to participate in this slow burn of the economy on pain of imprisonment is anathema to the principles of liberty.<O></O>
I introduced the Free Competition in Currency Act last week to free the people from these governmental threats. HR 4248 would repeal legal tender laws, prohibit taxation on certain coins and bullion, and repeal certain laws related to coinage. The prospect of people turning away from the dollar towards alternate currencies should provide incentive for Congress to regain control of the dollar and halt its downward spiral. Restoring soundness to the dollar will remove the government's ability and incentive to inflate the currency and keep us from launching unconstitutional wars that burden our economy to excess. With a sound currency, everyone is better off, not just those who control the monetary system.



Posted by Ron Paul (12-14-2009, 12:14 PM)

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Texas Straight Talk
A weekly column

Healthcare Reform is a Lump of Coal

Last week on Christmas Eve, after many backroom deals were made, the Senate passed the healthcare reform bill with a strictly partisan vote. I was pleased that my colleagues in the GOP are on the right side of this bill. Although this vote was a major step in healthcare reform becoming reality, they still have to reconcile the Senate bill with the House-passed version in conference committee. This could prove even more difficult and costly than the Senate vote.

There was a little bit of controversy surrounding one particular Senator who was initially against the bill, but then, coincidentally, a large amount of Medicare ******* specifically for his state was tucked inside and he ended up voting for it. One wonders how much more of that will have to go on to achieve final passage.

But this is how politicians in Washington deal with problems: they throw your money at them. Healthcare reform is no different. The Senate version of the bill, at last count, will cost $871 billion. The House version tops $1 trillion. But they tell us this is for the health of Americans, and how dare we count the cost?

Such is the arrogance of politicians. There seems to be no end to the problems they feel capable and duty-bound to solve through legislative proclamation and plenty of your money. To hear them talk, one might think that a few words spoken on Capitol Hill would make problems just disappear. All it takes it good intentions.

But no good can come from 2400 pages of Washington?s good intentions.

I have observed quite the opposite throughout my political career in the House of Representatives, and fear that with this immense legislation, our healthcare problems are only just beginning. Over the last few decades, I have seen healthcare subjected to more and more creeping red tape that only creates bottlenecks and increases costs as new bureaucratic hurdles are put in place.

Politicians cannot solve the problems created by ever-increasing intervention by exponentially increasing their intervention. Similarly, they cannot improve the quality of healthcare and expand access to it for all Americans simply by legislative decree. If only it were that simple! The reality is the free market, when allowed to function, naturally increases access and drives prices down through competition. The free market keeps service providers accountable by allowing people to take their business elsewhere.

This government intervention will eventually create a near monopoly of providers in health insurance as smaller companies are squeezed out and innovation comes to a grinding halt due to formidable barriers to entry. The government will determine prices and levels of service that will apply to everyone, regardless of want or individual circumstances. The true insurance model of healthcare cost management, meaning major medical coverage only, will basically become illegal. Opting out of the system will incur heavy tax penalties.

Expanding government reach so deeply into this very sensitive area of our personal lives and such a major part of our economy means more opportunities for waste, fraud and abuse of the system. One need only remember the recent bailouts for an example of how government handles systemic waste, fraud and abuse.

So while the Senate patted itself on the back last week for delivering a Christmas gift to Americans, time will prove it was instead a great big lump of coal.


Posted by Ron Paul (12-26-2009, 02:11 PM)

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

Ron Pauls Texas Straight Talk for 1/18/10 on Financial Crisis Inquiry Commission.flv


<EMBED src=http://www.youtube.com/v/ehp7BF4VaRI&hl=en_US&fs=1& width=560 height=340 type=application/x-shockwave-flash allowscriptaccess="always" allowfullscreen="true"></EMBED>
*</SCRIPT>

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

How Government Created the Financial Crisis

<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><!-- message --><!-- message -->Why wouldnt we ask the people who actually saw and predicted the crises?

Answer,.... no one is washington wants to hear the truth, or solve the problems
:doh1

<EMBED src=http://www.youtube.com/v/-tBUnS2olOY&hl=en_US&fs=1& width=640 height=385 type=application/x-shockwave-flash allowfullscreen="true" allowscriptaccess="always"></EMBED>
</IF>

 

[brucefan]

Re: 'Ron Paul Told Us So' - The Economic Crisis

(2006) Ron Paul: Big Government Solutions Don't Work


Drill Goldman all ya want, anyone drilling Franklin Rains from Fannie, or Barney Frank??

Make sure your watching Glenn Beck as he exposes CRIME INC, the great cap and trade scam

Wake up America


<EMBED src=http://www.youtube.com/v/Op7CeHl2X9k&hl=en_US&fs=1& width=480 height=385 type=application/x-shockwave-flash allowscriptaccess="always" allowfullscreen="true"></EMBED>

 

[onlymayoo]

Re: 'Ron Paul Told Us So' - The Economic Crisis

To save our Fort Myers, which is open for 14 years, has the highest sales in the retail store in

the chain, since I took place in 2009 Aion Gold March. I

attribute our success to Buy WOW Gold service. In this day and age

that, look what the people, and we stand behind all sell what we do. But my secret weapon is my

friend Shawn Kennedy. He is simply a genius when it comes to building custom battery, and he knows

how to sell instant WOW Gold. People think this is just a

car battery space. We do a lot of aggressive advertising, but customers still go every day asking

for oil change. Are you surprised by what we have. We build almost anything. In construction, a

spare battery for a drill almost as much as buying a new
drill Aion Gold.