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Getbig Main Boards => Politics and Political Issues Board => Topic started by: James on March 23, 2009, 10:49:00 AM

Title: Ron Paul predicts 15-year depression
Post by: James on March 23, 2009, 10:49:00 AM

Ron Paul: Believer in small government predicts 15-year depression

Pension trustees and insurance company portfolio managers look away now. Your increased commitment to government bond holdings in recent times is about to blow up spectacularly.

At least, that is the view of Ron Paul, the US congressman who ran against John McCain in last year’s Republican Party presidential nomination.

His is a minority view. Yields on government bonds worldwide have been falling fast over the past few months and in the UK, the commencement of “quantitative easing” this month sent bond prices soaring.

But the credibility of both western governments and their currencies is waning, and has been ever since the gold standard was abandoned in 1971, says Mr Paul. And that means even “safe” investments are far from safe, he claims.

“People will start to abandon the dollar as current and past economic policies create a steep rise in interest rates,” Mr Paul says.

http://www.ft.com/cms/s/ee3e07f0-16b2-11de-9a72-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fee3e07f0-16b2-11de-9a72-0000779fd2ac.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fwww.freerepublic.com%2F%255Ehttp%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fee3e07f0-16b2-11de-9a72-0000779fd2ac.html%3Fnclick_check%3D1&nclick_check=1

Title: Re: Ron Paul predicts 15-year depression
Post by: benz on March 23, 2009, 10:50:54 AM

he predicted he was going to be the new president, and failed

cant take him serious :(

Title: Re: Ron Paul predicts 15-year depression
Post by: Hugo Chavez on March 23, 2009, 10:52:31 AM

He predicted this mess before anyone as far as I know.

Title: Re: Ron Paul predicts 15-year depression
Post by: James on March 23, 2009, 10:54:06 AM

Quote

He predicted this mess before anyone as far as I know.

correct.

Title: Re: Ron Paul predicts 15-year depression
Post by: shootfighter1 on March 23, 2009, 11:12:27 AM

His limited gov and limited spending message is completely opposed to this administration and the last one.  Instead of putting in a constitutionalist like Paul to correct some of the Bush administration's policies, we got a true big spending big government liberal (who campaigned from a more centrist position). 
IMO, Obama is most like Carter...which is a very bad thing.  Clinton, Reagan, Bush I were relatively good presidents.  Bush II and Obama, bad.