Ron Paul: Russian Sanctions May Sink U.S. Dollar
POLICIES WILL LEAD TO AMERICA’S ECONOMIC ISOLATION By Ron Paul || The US government’s deYou must Subscribe or log in to read the rest of this content.
POLICIES WILL LEAD TO AMERICA’S ECONOMIC ISOLATION By Ron Paul || The US government’s deYou must Subscribe or log in to read the rest of this content.
24 comments
I disagree. We have 2 things going for us still. 1) we are the strongest military by far and the Saudis will not give up the dollar as long as we promise to protect them, and 2) which currency are you going to replace it with?? Euro, they may break up at some point. China? It is tied to the US dollar and refuse to let it float. Russia? Yeah right, their economy is about to collapse on itself. Just ask the wealthy who are leaving the country as fast as possible and taking their money with them.
wow, amazing . chemtrails and fluoride have done their job
are you day dreaming my friend….!!!! strongest military??? you should check ur facts.. fancy guns and planes dont make a strong army.. Dollar can be replaced with EUro very much… even BRICS countries are also planning the same…. and regarding your remark against Russia that their economy is collapsing… i think you are dreaming or you dont have brains… it was decades back that Russia was on brink on collapse today the RUSSIAN economy is easy challenging the US one.. It has simply no effect of US bans… let see how US copes up
Grow closer to the BRIC countries? Seriously? The BIC of the BRIC (Brazil, India, China) have much more at stake with the West than they do with the Russians. Brazil is on the verge of becoming a full-fledged first world country, India has more trade with the West than Russia and no longer is reliant on Russia for arms, and the Chinese are more than happy to let Russia struggle so long as they get Russian gas (and I don’t mean from the food).
They’ve been saying that about Brazil for about 50 years.
Brazil is still very much a state-managed economy. They will never become “first world” until their government lets go of the reigns. Dilma is widely hated for her propensity to spend billions on stadiums in the jungle while millions of individuals are living in abject poverty due to government economic management.
Aren’t there millions of americans living in poverty as well? :-)
There certainly are. Did someone make a claim otherwise?
This is accurate, Obama will have well and truly earned his nobel peace prize. He should be awarded the prize for the biggest idiot ever to get elected twice, what does that say about the IQ of the average US voter?
Bye America, it was great knowing you.
Yeah, America is DOOOMED because Russia isn’t buying our chicken, fruits and vegetables.
case in point…
The sky is falling….The sky is falling….The sky is falling. Have to wonder if Paul ever sees sunshine.
Gold. Gold! GOLD! BUY GOLD! GOOOOOLD! THE DOLLAR WILL SINK THIS TIME, WE PROMISE! PLEASE BUY OUR GOLD! IT TOTALLY WON’T TANK THIS TIME WHEN OUR PREDICTIONS FAIL YET AGAIN! GOOOOOOOOOOOOOOOOOOLD!
[Insert advertisement for company that scams dumb people with crappy coins here.]
Glenn Beck will only take GOALD coins from non-governmental entities when Freedomtown gets off the ground. Better spend all your money on GOALD coins and canned goods.
Goldline – Levin, Beck, Limbaugh all invest in the 1mg of pure gold clad collector’s edition.
“…… if the BRICS countries decide to establish a gold-backed currency to challenge the dollar.”
All together now….
Follow the yellow BRICS road.
Follow the yellow BRICS road.
Faa-la-la-la-la-la-la
Follow the yellow BRICS road.
This does not read like something Paul wrote. It is not in his terse writing style. Is old Ron now publishing for pay?
Well, since they came to light, he’s said he never wrote all those anti-black and pro-militia newsletters…
Well, since the anti-black articles contained some of the most absurd claims that even the KKK wouldn’t try to pass off, as well as the most ridiculous medical claims that a pre-med student knows are false, I think even hinting that he wrote them is almost more insane than the claims themselves.
A loaf of bread was $0.05 in 1913, the year the Federal Reserve took over protecting the value of the dollar. A silver dollar had one ounce of silver in it. It would buy 20 loaves of bread.
Today a loaf of bread is about $1.00 (not counting the fancy designer breads). A silver dollar containing one ounce of silver will cost you around $20.00.
Conclusion: the dollar has lost 95% of its value in the last 100 years. Silver has lost nothing. One ounce still buys 20 loaves of bread the same way it did 100 years ago. The dollars you put in the bank, investments, real estate etc…well, not so much.
Since 2008 through QE1, QE2, QE3 the Federal Reserve has more than quadrupled the money supply. More than all the expansion in the previous 95 years combined. They have handed over this “printed-out-of-thin-air” money (backed by nothing) to the people who caused the housing market crash.
What could possibly go wrong?
How do you spell derivatives?
This reminds me of the time Paul told everyone in 2002 that there was a housing bubble forming, everyone laughed and called him a kook then too.
buy Pinto beans, ammo, guns, cross-bows,pasta, rice, seeds(heirloom , unless hybrid will produce), cb’s with sideband in that faraday box, crank lites/radios, uh…..bicycles/tubes, plate metal to bulletproof your house, pinto wagon, bikes, and learn how to use A4V. Oh, hand pumps for water, outhouses, woodstoves, woods, woodsheds, stocked ponds, nets, snares, salt, rib-eye bone in , Honda Mini-Trails , 2 gallons gas, candles, kerosene, duct tape.
“All cats are libertarians.
Completely dependent upon others, yet entirely convinced of their independence.”
Everyone is dependent on others to live a high standard of living. That’s how the economy works. But there’s difference in being dependent on their cooperation, and being dependent at their expense. As Bastiat said,“”Government is the great fiction through which everybody endeavors to live at the expense of everybody else.” However, to engage in the economy, one must cooperate with others to trade on freely negotiated terms.
Your obfuscation of terms certainly lends no clarification to libertarian principles.