Don't fall for the politicians who are suddenly anti-Federal Reserve. If you see a video like this, about what they said before the housing bubble collapsed, then you can take them seriously.
As of now, Ron Paul is the only presidential candidate that understands the mechanics of why the Federal Reserve is dangerous. And, he understood it long before the housing market collapsed. This is a very impressive tape.
Amen.
ReplyDeleteAugust 2005 http://www.youtube.com/watch?v=HTzMY5lYlJk
ReplyDelete"–I offer one more piece of evidence that I think almost surely suggests that the end is near in this sector. While channel surfing the other night, to the annoyance of my otherwise very patient wife, I came across a new television series on the Discovery Channel entitled “Flip That House.” [Laughter] As far as I could tell, the gist of the show was that with some spackling, a few strategically placed azaleas, and access to a bank, you too could tap into the great real estate wealth machine. It was enough to put even the most ardent believer in market efficiency into existential crisis. [Laughter]~David Stockton, Dec. 13, 2005, economist and Fed comedian.
Thanks for posting that! This is an equally amazing video where he calls the housing crash, specifying fannie and freddie, on the house floor in 2001! It also shows how right he was about war, and he knew in 07 that osama was in pakistan. In all the issues, it shows what the establishment types like bush/hillary/frank/etc said, and how they were all wrong.
ReplyDeletehttp://www.youtube.com/watch?v=48Gfzgxh3ZQ&feature=related
I know I am answering my own question by asking it but, if Joe Scarborough knew then that Ron Paul knew something so important and insightful then, why wasn't he having Ron Paul on his show more often or at least talking about him and the ideas he has been espousing for decades more often? He could have been a voice of reason in a tempestuous environment all along and done his fellow man a great service. And there's the rub...
ReplyDeleteI'm enjoying re-watching and sharing these older clips of Ron Paul that are making the rounds in nearly every outlet at this time. Go Ron, go!
This is nothing but Scarborough using his interview with Ron Paul to plug his (Scarborough) book.
ReplyDeleteRon Paul is awesome!
ReplyDeleteThe hosts are clueless beyond belief. Look how this paraphrased conversation basically went:
Hosts: Ron, it's unbelievable how prescient you were! You predicted exactly what would happen to the economy way back in 2003 when nobody else was talking about this! You're amazing!
Ron: That's because I follow Austrian economics. And, BTW, now we're looking at a dollar collapse that will make all this other stuff look like a day at the beach. The dollar is the world's reserver currency, and when it collapses, WE"RE ALL F**CKED!
Hosts: Oh my GOD!!! I'm blown away by what you said back in 2003! That was so amazing.
WTF???? The guy you just said understood economics better than anyone else in politics tells you what's happening now will make 2007 seem like a party, and there's no reaction whatsoever. Amazing!
I appreciate that Joe Scarborough had Ron on in a very positive interview, but the fact that he just blew past the most important thing Ron had to say. THAT'S why everyone will miss the next crisis as well.
I love these kinds of interviews, and especially the "old" clips from 3-10 years ago when Dr Paul predicts, with 100% accuracy, the results of government actions.
ReplyDeleteLet's honor Paul today on his 76th bday for being the only major politician to understand economics. It is over 305k now as of only 9:35am! Wow.
ReplyDeleteWow! Paul raised over 1.5 million yesterday!
ReplyDelete