Thursday, 29 January 2009
Ron Paul Defeats 5 TV "Experts" in 10 minutes
Right at the end the NBC commentators start pushing the line that they are looking for a plan to go forward, that Ron Paul's plan is backward looking. This is a silly argument since there is nothing so backwards about Congressman Paul's solution, which is to let bankrupt institutions fail.
Ron Paul, in letting bankruptcies occur is resetting the system which has been poisoned by debt and misplaced investments. By allowing bad debt to be written off we can start again, albeit from a position of high unemployment. Notice also that the Congressman is very concerned about a devaluation of the US dollar. Pumping more and more money into a massively corrupted economic system will not strengthen the US currency.
[Posted at the SpookyWeather blog, January 29th, 2009.]