Our Economy, Aug 2007

I think that this is true. What Ron Paul is saying. I have never heard a candidate speak like this. They will crush him by making everyone feel like he is going to take away what is rightfully theirs. Medicaid, social security, etc, they will scare everyone to death before too long. I do believe that this is what is starting to come home to roost. How it will shake out I do not know. It is in Gods hands and I wish we could say that we have been obedient as a nation to his ways, that we could expect the blessings of his right hand.
Be prudent. Can you get out of debt?

High-Risk Credit
by Ron Paul

As markets went on a rollercoaster ride last week, our economy is coming close to a day of reckoning for loose credit policies being followed by the Federal Reserve Bank. Simply, foreign banks we have been relying on to buy our debt are waking up to the reality of much higher default rates than predicted, and many mortgage-backed securities have been reduced to “junk” ratings. Wall Street fears the possibility of tightening credit and the tightening of America’s belts. Why, they say, “if Americans spend only what they can afford, think of the ripple effects throughout the economy!” This is the cry, as the call comes for the fed to cut rates and bail out companies in trouble.

More inflation is, however, never the answer to inflation...

...We’ve been headed in the wrong direction since 1971. This week marks the 36th anniversary of Nixon’s decision to close the gold window, which convinced me to seek public office to call attention to the runaway money train that would come in the aftermath of that decision. The temptation to print and spend money with impunity, like the temptation to max out lines of credit, is too strong to for government to resist. While Nixon brokered exclusivity deals with OPEC to prop up demand for the tidal wave of green pieces of paper the Fed pumped into the markets, the world is tiring of marching to the beat of our drum in order to secure their energy needs. The house of cards Nixon built is now on the verge of collapsing on our heads, and on our children’s heads...its short,read it all
If you curious for more of what Ron Paul has written, not some handler,go here, note you cannot find any other candidate being this frank.

more on this subject

a whole lot more
Two months ago i could barely find anything like this, now im seeing it more and more. The talking heads are not talking about this on the eve news, or the markets would be a lot lower. We serve the King of Kings and the Lord of Lords and he will not be mocked forever. We will trust in him!