Friday, July 29, 2011

Ron Paul: ‘No Doubt’ U.S. Debt Ceiling Will Be Raised

As usual, Ron Paul gets it right.

While the vote may not come today, “there’s no doubt they will raise the debt limit and we will go back to spending again,”  Congressma Paul told Bloomberg Television in an interview. “We’re not going to fail to pay our interest and take care of the bond market. But, we are going to fail to protect the value of our currency.”


  1. FYI, pure synchronicity, and spoke to the last second to maximize.


  2. But is he wrong? No, he's not. Actually fixing this problem would be too painful for us, and result in loss of power for them. Won't happen. They'll just kick it up the road for the next group to deal with. Eventually, it's going to break, and we'll all be totally screwed. And when I say "screwed", I mean, head-for-the-hills-and-hide screwed.

  3. Too bad I think you're 100% correct Bill V. I'm glad I've been able to convince my family to prepare for the worst (even as we hope for the best).

    I've always been proud of being a farmer's son, but now I thank God I've got skills and a network of family around me for when TSHTF.