So, I'm reading Ron Paul's Book "Revolution - a manifesto"

[Pharmakon]

Originally Posted by DMWyatt

Competing currencies would bring our society to its knees. If you think things are bad now, wait until the rest of America that's going on as if nothing's wrong wakes up and finds that they can't get loans and their purchasing power is zip. Right now we're largely insulated by our own wealth. If things get as bad as some people are claiming they will, no amount of tweaking of the currency is going to abate the uproar of the most powerful economical force in our country...the consumer culture.

Their purchasing power wouldn't be zip if they had an alternate currency option. Of course this is technically illegal due to the detrimental effect that ANY competition would have on the dollar. As far as the average person needing a loan, how often do you go around taking loans out? There used to be a time when people saved their money. The only time I take out a loan is for buying a house and sometimes a car. Not exactly an everyday occurance. You make seem as if people cannot live w/o credit.

The problems we would face as a nation tightening it's belt, saving and perhaps rethinking the source of our economic prosperity would be far less severe than the direction we are currently headed trying to keep the party going all the while producing not much of actual value.

[bigun]

Originally Posted by TRIGRHAPPY

I mean you no disrespect, but if you saw crises such as the one we're currently in coming before they happened...........and everyone else was completely oblivious, you would have been just as irate. ESPECIALLY when every candidate besides yours is talking about all these new spending programs, possible new wars, and yours is the only one actually saying "You're all stupid, we're going broke and its going to HURT".

Make no mistake, i don't care who you liked........RP was the one we NEEDED.

Frank and Dodd did a great job of keeping things under wraps untill Paul was a non issue in the election, not only that but the press is doing a great job of covering the collapse of the stock market. I really wonder how much of the fall is people that are afraid of Obama's new taxes figuring that they'd rather take a 15% hit now rather than a 30%plus hit after he get's in.

[nickb]

Originally Posted by Frenchy

It's Bernanke and his crew at the Fed that got us into this mess...wise up, sport.

Explain. How exactly did Bernake have enough time and power to effect what's going on right now?

[xd9fan]

Yea, I agree with a lot of his viewpoints but he does come off sounding like a kook a lot of times.

being a challenge to sleepy dogma does that to sleepy people.
They hate being awake.

[Pharmakon]

Originally Posted by bigun

Frank and Dodd did a great job of keeping things under wraps untill Paul was a non issue in the election, not only that but the press is doing a great job of covering the collapse of the stock market. I really wonder how much of the fall is people that are afraid of Obama's new taxes figuring that they'd rather take a 15% hit now rather than a 30%plus hit after he get's in.

The biggest insult of all is the conventional wisdom that the reason we are in this mess is because our markets were too free. When really it has been regulated to this point and now in order too fix it we have have to reg it up even further by the people who got us here.

The God box has spoken and now it is so.

[TRIGRHAPPY]

Explain. How exactly did Bernake have enough time and power to effect what's going on right now?

1) Interest rates at 1%
2) Doing away with reporting the M3
3) Lowering interest rates even MORE (and 0% is in the talks currently)
4) Dishing out 2 trillion dollars THIS YEAR to banks and other institutions.....without so much as a vote in congress.


So you are concerned with "what's going on right now"? You should concern yourself far more with what's going on in the next 6 months......since that is where the last page of our great republican experiment will be located. The Fed will be front and center in the institutions to blame........and the year with the most blame will be 1913.......not 2008.

[XDConvert9mm]

Originally Posted by TRIGRHAPPY

1) Interest rates at 1%
2) Doing away with reporting the M3
3) Lowering interest rates even MORE (and 0% is in the talks currently)
4) Dishing out 2 trillion dollars THIS YEAR to banks and other institutions.....without so much as a vote in congress.


So you are concerned with "what's going on right now"? You should concern yourself far more with what's going on in the next 6 months......since that is where the last page of our great republican experiment will be located. The Fed will be front and center in the institutions to blame........and the year with the most blame will be 1913.......not 2008.

I think you need to look a little further back than Uncle Ben for the troubles in the markets today.

[TRIGRHAPPY]

Everything but #1 happened under him, and currently.........we're back at #1 again. Also, if you read my original reply to the end, you'll see I went ALL the way back before uncle ben to 1913.

[XDConvert9mm]

Originally Posted by TRIGRHAPPY

Everything but #1 happened under him, and currently.........we're back at #1 again. Also, if you read my original reply to the end, you'll see I went ALL the way back before uncle ben to 1913.

If the man had been in office during the initial bubbles, beginning '99, I could go with this. He walked into a crapstorm created by his predecessor IMO. I'm not defending all his actions but I am pointing out that most of this has been reactions.

[nickb]

Originally Posted by TRIGRHAPPY

1) Interest rates at 1%
2) Doing away with reporting the M3
3) Lowering interest rates even MORE (and 0% is in the talks currently)
4) Dishing out 2 trillion dollars THIS YEAR to banks and other institutions.....without so much as a vote in congress.


So you are concerned with "what's going on right now"? You should concern yourself far more with what's going on in the next 6 months......since that is where the last page of our great republican experiment will be located. The Fed will be front and center in the institutions to blame........and the year with the most blame will be 1913.......not 2008.

Sorry, "what going right now " is a huge pile of crap loans. Going to gold for currency would not have stopped what happened and won't fix it now. Maybe it's a better way to trade or secure wealth, but it's not going to "fix" the mess.

Clap your hands.....

Crisis connected to the crap loans.

Crap loans connected to the congress.

Congress connected to the Barney Frank.

Now hear the word of the Lord.

Dem loans Dem loans Dem Crap loans.....