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Originally posted by Illusionsaregrander
However my study group (over much beer, a microbrew called Hempenale to be precise) discussed this possibility and we decided that a likely scenario was that a bigger economy, was creating a bigger curve. (Which we promptly named the Hempenale curve) This large curve might LOOK flat when viewed in a small segment, but what it would really predict was a bigger period of expansion, followed by a much more severe contraction. A global one.
Originally posted by Fight the code
I believe the beast is coming folks. all of the currencies will collapse (depression). Then after the depression it will become a one world currency. you people might want to read revelations; the prophecy is being fulfilled.
Originally posted by exseer
do not get me wrong i love DR. PAUL but i trust no political figure, call me paranoid. but # is bout to hit the fan....... john mccain for prz been written on the wall for some time. in my opinion?
Originally posted by Bombeni
What kind of "big events" do you think he could be talking about? Anybody have a clue?
Ironically in these past 35 years, we have benefited from this very flawed system. Because the world accepted dollars as if they were gold, we only had to counterfeit more dollars, spend them overseas (indirectly encouraging our jobs to go overseas as well) and enjoy unearned prosperity. Those who took our dollars and gave us goods and services were only too anxious to loan those dollars back to us. This allowed us to export our inflation and delay the consequences we now are starting to see.......
This bubble is different and bigger for another reason. The central banks of the world secretly collude to centrally plan the world economy. I'm convinced that agreements among central banks to “monetize” U.S. debt these past 15 years have existed, although secretly and out of the reach of any oversight of anyone--especially the U.S. Congress that doesn't care, or just flat doesn't understand. As this “gift” to us comes to an end, our problems worsen. The central banks and the various governments are very powerful, but eventually the markets overwhelm when the people who get stuck holding the bag (of bad dollars) catch on and spend the dollars into the economy with emotional zeal, thus igniting inflationary fever......
The mistakes made with excessive credit at artificially low rates are huge, and the market is demanding a correction. This involves excessive debt, misdirected investments, over-investments, and all the other problems caused by the government when spending the money they should never have had. Foreign militarism, welfare handouts and $80 trillion entitlement promises are all coming to an end. We don't have the money or the wealth-creating capacity to catch up and care for all the needs that now exist because we rejected the market economy, sound money, self reliance and the principles of liberty.......
Since the correction of all this misallocation of resources is necessary and must come, one can look for some good that may come as this “Big Event” unfolds.
There are two choices that people can make. The one choice that is unavailable to us is to limp along with the status quo and prop up the system with more debt, inflation and lies. That won't happen.
One of the two choices, and the one chosen so often by government in the past is that of rejecting the principles of liberty and resorting to even bigger and more authoritarian government. Some argue that giving dictatorial powers to the President, just as we have allowed him to run the American empire, is what we should do. That's the great danger, and in this post-911 atmosphere, too many Americans are seeking safety over freedom. We have already lost too many of our personal liberties already. Real fear of economic collapse could prompt central planners to act to such a degree that the New Deal of the 30's might look like Jefferson 's Declaration of Independence.
The more the government is allowed to do in taking over and running the economy, the deeper the depression gets and the longer it lasts. That was the story of the 30s and the early 40s, and the same mistakes are likely to be made again if we do not wake up.
Not bad for a "Joker", eh. I suppose one man's joke is another man's savior.
Ron has tried for 35 years to persuade Congress, and the Fed, to adopt conservation monetary policies. He warned us at that time, if we continued down the path created for us by the Fed, some day we would be in the mess we are in today.
This man is the most credible representative "We the People" have had in Washington in my lifetime. To call this gentleman a "joke" tells anyone WITH a clue, you need to get your political head out of your ****.
(Sorry Mods for the long post)
[edit on 2-8-2008 by Oldnslo]