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06-04-2008, 11:22 AM
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Senior Member
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Join Date: Dec 2007
Location: Albemarle, NC
7,576 posts, read 3,337,987 times
Reputation: 1141
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IN 2000, Ron Paul predicted the current financial problems
Quote:
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Fine-tuning the economy, through monetary manipulation is a dangerous game to play. We are now completing nearly a decade of rapid monetary growth and evidence is now appearing indicating that we will soon start to pay for our profligate ways. The financial bubble that the Fed manufactured over the past decade or two will burst and the illusion of our great wealth will end. In time, also the illusion of "surpluses for as far as the eye can see" will end. Then the Congress will be forced to take much more seriously the budgetary problems that it pretends do not exist.
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Predicting Recession: Manipulating Interest Rates
Not only will the next President have some serious problems to address, Congress will as well. This article was written as Bill Clinton was preparing to leave office. Clinton was the recipient of a great bubble that crashed shortly after Bush took office. Neither was really to blame for the surplus or the bursting of the bubble. Instead, as Paul argues, the Federal Reserve's habit of artificially manipulating interest rates was the cause.
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06-04-2008, 11:28 AM
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Realtor®/Broker
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Join Date: Sep 2007
Location: Charlotte
8,933 posts, read 3,386,689 times
Reputation: 896
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Ron Paul is the Messiah? How did this happen? Is this being reported?
Just teasing ya.... 
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06-04-2008, 11:29 AM
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Moderator
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Join Date: Apr 2007
Location: Sacramento
9,743 posts, read 5,014,279 times
Reputation: 2048
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If you want to blame the Fed, then they should also get the credit for our remarkable post WWII economic expansion.
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06-04-2008, 11:30 AM
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Straight Talk Shooter
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Join Date: Nov 2007
Location: Alexandria, VA
1,776 posts, read 767,218 times
Reputation: 198
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You just can't get over Ron Paul, Can you?
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06-04-2008, 11:32 AM
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Senior Member
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Join Date: Jan 2008
Location: Lewis Co. Wa
4,617 posts, read 1,873,913 times
Reputation: 815
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Quote:
Originally Posted by paperhouse
Predicting Recession: Manipulating Interest Rates
Not only will the next President have some serious problems to address, Congress will as well. This article was written as Bill Clinton was preparing to leave office. Clinton was the recipient of a great bubble that crashed shortly after Bush took office. Neither was really to blame for the surplus or the bursting of the bubble. Instead, as Paul argues, the Federal Reserve's habit of artificially manipulating interest rates was the cause.
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Are you still predicting a Ron Paul presidency?
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06-04-2008, 02:00 PM
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Member
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Join Date: Aug 2007
Location: Chicago
66 posts, read 47,286 times
Reputation: 40
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the US needs a libertarian president... unfortunately none of the libertarians want to run on the party and the only ones that do (Barr) aren't even libertarians.
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06-04-2008, 02:12 PM
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Citizen of humanity before a citizen of a nation.
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Join Date: Feb 2008
Location: Far from where I should be.
3,783 posts, read 1,772,130 times
Reputation: 929
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Barr is definitely a neoconservative.
On the bright side, you can still vote through a write-in.
Ron Paul for president!!
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06-04-2008, 02:13 PM
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Senior Member
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Join Date: Dec 2007
Location: Albemarle, NC
7,576 posts, read 3,337,987 times
Reputation: 1141
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Quote:
Originally Posted by NewToCA
If you want to blame the Fed, then they should also get the credit for our remarkable post WWII economic expansion.
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That's exactly what the article says. They create bubbles and collapses.
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06-04-2008, 02:14 PM
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Senior Member
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Join Date: Dec 2007
Location: Albemarle, NC
7,576 posts, read 3,337,987 times
Reputation: 1141
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Quote:
Originally Posted by jnestorr
You just can't get over Ron Paul, Can you?
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It's not longer about him. It's about the message. Those of us who have and still support him aren't interested in putting all our hopes in one man changing everything. We're doing a LOT more than just voting.
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06-04-2008, 02:39 PM
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Member
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Join Date: Aug 2007
Location: Chicago
66 posts, read 47,286 times
Reputation: 40
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Quote:
Originally Posted by Haaziq
Barr is definitely a neoconservative.
On the bright side, you can still vote through a write-in.
Ron Paul for president!!
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when they announced him as the nominee a week or two ago i went and read a few things about him as i was unfamiliar. the first thing i read was his stance on legalizing marijuana and how it has no medical benifits and is just "witchcraft"... the second thing i read had something to do with him pushing his religion onto others (think it was about gay marriage). i then stopped reading and asked myself, "WTF did they nominate him?"
i don't think Paul has what it takes to be THE libertarian candidate for me though... better than what the other two parties are offering but still not ideal for me.
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