Ron Paul on the Fed and the dollar

[Melidan]

http://youtube.com/watch?v=p1OhEgN27kQ



(5-9-08) HA! So Oil hit $125 today... Dollar continues to fall against.. well, everything. But don't worry! The fed is printing more and more worthless paper money to finance deficit spending. Inflation soars and we slip closer to recession...
End of the year prediction;

Oil - $200+ a barrel
Gold - $1,500+ /oz
Silver - $35+ /oz

Bullish: SCREAMING BUY on Gold. Also mining, coal, aluminum, offshore oil drillers, oil tanker stocks..

Bearish: Financials.. SELL SELL SELL!

Things will get better eventually, maybe 1-1/2 years... Unless Obama gets in and decides to bankrupt and destroy this country's economy with a ridiculous universal health care plan.. Can't wait for that!


Current Oil - $145.08
Current Gold - $965.70/oz
Cuurent Silver - $18.86/oz

I remember Corporal saying that Gold and US Treasury notes were the safest investments in the world.. Not always the case, US Treasury notes had one of their largest drops ever when it was announced that IndyMac was being taken over by the FDIC for being insolvent (http://www.indymacbank.com/)... The second largest bank failure in US history. Gold and Oil continue to rise, as does inflation while the dollar tanks. Get ready for a pretty bad recession in 2009..

[FreeMason]

Buy gold!

And oil!

Then exchange all your dollars for euros!

[Imperial]

Honestly, Euros are much safer in the current economic climate. Probably make money as the dollar plummets.

[Melidan]

Honestly, Euros are much safer in the current economic climate. Probably make money as the dollar plummets.

Especially after OPEC switches to the Euro over the dollar..

[Villalba]

Especially after OPEC switches to the Euro over the dollar..

They did???
Well now, that truly sucked.

[IronsightSniper]

I always knew Ron Paul should have been the Republican candidate.
In times like these, we needed someone that really knew about economics and he was the one. America is fucked now since we have to choose between two guys that only moderately understand economics.

[leninrocks244]

Ron Paul is a delusional old man stuck in a time warp. Small government can never stay. It failed with the growth of the USA.

[Melidan]

They did???
Well now, that truly sucked.

No, no.. They haven't yet. But I assume they will if the dollar continues to do so poorly.

Ron Paul is a delusional old man stuck in a time warp. Small government can never stay. It failed with the growth of the USA.

No.

[The Corporal]

Traditionally US T-bills have been the safest investment on the planet. Of course, if the dollar absolutely tanks, then they aren't as good. But precious metals have been and always will be good investments because they will be in high demand regardless of how well individual currencies do. Especially with the increasing use of silver, gold, and platinum in electrical components and finite supply...

[leninrocks244]

No.

Yeah dude. The size of government can't go back. It can only go forward.

[FreeMason]

Yeah dude. The size of government can't go back. It can only go forward.

Of course we can make the gov smaller. That's actually preferrable. I'm sorry, but I value personal freedom. If we make the government larger, we are inviting oppression. We should be leaving power in the hands of the people instead of giving more to the government. In an ideal world, we wouldn't need a government. Of course, in an ideal world, everyone would be friends, no one would kill anyone else, and there would be massive orgies in the streets. But that's not going to happen. The world is not ideal. That doesn't mean that making the gov omnipresent is the solution, though. We should give people as much freedom as possible without falling into anarchy. The government is best which governs least, so sayeth Thomas Jefferson, and I couldn't agree more.

[Villalba]

Umm large governments = bad.
small governments = good

That's all im going to say.

[leninrocks244]

Of course we can make the gov smaller. That's actually preferrable. I'm sorry, but I value personal freedom. If we make the government larger, we are inviting oppression. We should be leaving power in the hands of the people instead of giving more to the government. In an ideal world, we wouldn't need a government. Of course, in an ideal world, everyone would be friends, no one would kill anyone else, and there would be massive orgies in the streets. But that's not going to happen. The world is not ideal. That doesn't mean that making the gov omnipresent is the solution, though. We should give people as much freedom as possible without falling into anarchy. The government is best which governs least, so sayeth Thomas Jefferson, and I couldn't agree more.

I value personal freedom too, don't get me wrong. I would be a hypocrite to say that I'm against it eventhough I oppose popular sovereignty among the states 100% since it was one of the factors that contributed to the Civil War. But there is still the matter of the Bill of Rights. Even within big government we still have our say in what happens. Big government doesnt equal totalitarianism 100% of the time, eventhough history would like to disagree. We had small government in the beginning. We kept to conservative views most of the time. But over the years government grew larger for the sake of the people (USDA, Dep. of Education, FDA etc. etc.). Most government agencies are ment to help people, the only flaw is that they're all beauracratic nightmares. In my views, total civil liberty is good, total economic liberty is bad.

[FreeMason]

I value personal freedom too, don't get me wrong. I would be a hypocrite to say that I'm against it eventhough I oppose popular sovereignty among the states 100% since it was one of the factors that contributed to the Civil War. But there is still the matter of the Bill of Rights. Even within big government we still have our say in what happens. Big government doesnt equal totalitarianism 100% of the time, eventhough history would like to disagree. We had small government in the beginning. We kept to conservative views most of the time. But over the years government grew larger for the sake of the people (USDA, Dep. of Education, FDA etc. etc.). Most government agencies are ment to help people, the only flaw is that they're all beauracratic nightmares. In my views, total civil liberty is good, total economic liberty is bad.

I agree that total economic liberty is bad, simply because if corporations had their way everything would be a sweatshop with 14 hr workdays, companies would produce harmful products simply to save money, etc. Yes, business should be regulated to an extent. But making the gov too large will either lead to totalitarianism, or, at the very least, dependency to the state. The gov's job is to protect people and their rights, not to shelter them from the world. To do so would make people weak. We don't need the endless government beaurocracy. We need education. We need military and police. We need business regulation. That is all the gov should be handling.

[FreeMason]

Big government doesnt equal totalitarianism 100% of the time, eventhough history would like to disagree.

Yes, what does history know? We couldn't possibly learn anything from it.

[leninrocks244]

Yes, what does history know? We couldn't possibly learn anything from it.

Love the sarcasm, but I never said that we couldn't learn anything from history. We learn from our mistakes so we can live better lives.

[FreeMason]

Love the sarcasm, but I never said that we couldn't learn anything from history. We learn from our mistakes so we can live better lives.

True. I agree there.

[leninrocks244]

I agree that total economic liberty is bad, simply because if corporations had their way everything would be a sweatshop with 14 hr workdays, companies would produce harmful products simply to save money, etc. Yes, business should be regulated to an extent. But making the gov too large will either lead to totalitarianism, or, at the very least, dependency to the state. The gov's job is to protect people and their rights, not to shelter them from the world. To do so would make people weak. We don't need the endless government beaurocracy. We need education. We need military and police. We need business regulation. That is all the gov should be handling.

I'm not saying that we should make government too large, I'm saying that it should be big but not to the point where people become dependent on the state or it becomes totalitarian, which has already happened in most parts of the country. It should also be the government's job to ensure that people find work and to feed our less fortunate comrades who are being treated like animals. It's an act against human rights to let people suffer like that.

[Malcheior Sveth]

It has always been my position that the government's job is to ensure our security, and other than that to stay the heck out of our lives. The problem is that while our government claims to only do that, the executive branch has run amok and the rest of the government is too concerned with keeping their nice cushy jobs to do anything about it. <_<

As for Ron Paul, he's right on this, but other than that he tends to make me laugh. Kinda like Kucinich and his changing the DoD to the Department of Peace. Srsly...lol

Oh yeah...who learns from their mistakes? That is soooooooooooo last year. Get with it people; forge ahead with no idea what you're doing and pretend you do! All the cool people are doing it.