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RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...

 
HES RIGHT U KNOW
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12/27/2017 11:19 AM
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RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
[link to www.washingtonexaminer.com]


Former Texas Rep. Ron Paul says a yearlong economic boom under President Trump is “a bit of an illusion” and that debt, inflation, and inequality could cause turmoil that benefits a “hardcore nucleus” of libertarians.

The libertarian Republican leader told the Washington Examiner that Trump could face a strong challenger in the 2020 GOP primary, especially if “things are really much worse."

“The big opening for us is the fact that this system is coming apart. We’re on the verge of something like what happened in ‘89 when the Soviet system just collapsed,” he said. “I’m just hoping our system comes apart as gracefully as the Soviet system.”

Paul doesn’t believe the U.S. will break into separate countries, but instead expects a rethink of monetary policy and an end to what he considers a U.S. “empire” overseas.

“We have ownership of these countries, but it’s not quite like the Soviets did,” he said. “I think our stature in the world and our empire will end, and that’s when, hopefully, the doors will be open and [people will] say, ‘Hey, maybe these libertarians have some answers to this.’”

Paul said “the country’s feeling a lot better, but it’s all on borrowed money” and that “the whole system’s an illusion” built on corporate, personal, and governmental debt. “It’s a bubble economy in many many different ways and it’s going to come unglued,” he said.
Anonymous Coward
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12/27/2017 11:22 AM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
Stop it Ron!

We've all agreed not to talk about this. The economy is just a state of mind and your negativity is rocking the boat so just shut up.
jake

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12/27/2017 11:27 AM

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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
If republicans cut spending by 1% the entire debt could

be paid off in 10 years

if they cut spending by 2% the entire debt could be paid

off in 5 years.


This next budgets we wont see any cuts.. but..

The budget after that look out..


That and the fact that President Trump just ordered an

audit of the Pentagon to cut wasteful spending is gonna

be huge
Anonymous Coward
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12/27/2017 11:29 AM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
He's not wrong, but unless a shadow conspiracy destroys our economy from within... than it's not going to happen in the next few years.

Paul doesn't think too much about the recent tax cuts which will promote reinvestment into the economy. A lot of people are bullish right now, and the energy is there to back it up.
HES RIGHT U KNOW (OP)
User ID: 71079642
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12/27/2017 11:41 AM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
Stop it Ron!

We've all agreed not to talk about this. The economy is just a state of mind and your negativity is rocking the boat so just shut up.
 Quoting: Anonymous Coward 75997524


cruise
Anonymous Coward
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12/27/2017 11:43 AM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
ron paul is a fucking idiot.
Anonymous Coward
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12/27/2017 11:55 AM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
I bet all 5 of RuPaul's followers are excited about this, but he should probably stay quiet and focus on his drag queen act.
Anonymous Coward
User ID: 75745923
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12/27/2017 12:03 PM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
If republicans cut spending by 1% the entire debt could

be paid off in 10 years

if they cut spending by 2% the entire debt could be paid

off in 5 years.


This next budgets we wont see any cuts.. but..

The budget after that look out..


That and the fact that President Trump just ordered an

audit of the Pentagon to cut wasteful spending is gonna

be huge
 Quoting: jake


What you fail to understand, is that the FIAT economy is both an illusion, and a ponzi scheme.

But as long as we agree to stick to the rules of the game... Some greedy, shortsighted egomaniacal cunts have been printing the stuff up like madmen for the past decade or so. And earlier too, in desperate attempts to fix stupid, greed, and crashing bubbles.

They even made an elaborate name for running the presses in overdrive.

"Quantitative easing".

Which means that the money supply by now is bursting at the seams, and there's nowhere to put it all away anymore.

And that spells out "inflation".

which actually is a part of the "quantitative easing" strategy - leaving you with the bill.

AAAND...

When China rolls out the gold-backed petro-yuan soon, and all those no-longer-needed dollars come home to roost...

That spells "hyperinflation".

And the Weimar republic all over.

Good luck, and yw.
Anonymous Coward
User ID: 30194358
United States
12/27/2017 12:23 PM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
If republicans cut spending by 1% the entire debt could

be paid off in 10 years

if they cut spending by 2% the entire debt could be paid

off in 5 years.


This next budgets we wont see any cuts.. but..

The budget after that look out..


That and the fact that President Trump just ordered an

audit of the Pentagon to cut wasteful spending is gonna

be huge
 Quoting: jake


What you fail to understand, is that the FIAT economy is both an illusion, and a ponzi scheme.

But as long as we agree to stick to the rules of the game... Some greedy, shortsighted egomaniacal cunts have been printing the stuff up like madmen for the past decade or so. And earlier too, in desperate attempts to fix stupid, greed, and crashing bubbles.

They even made an elaborate name for running the presses in overdrive.

"Quantitative easing".

Which means that the money supply by now is bursting at the seams, and there's nowhere to put it all away anymore.

And that spells out "inflation".

which actually is a part of the "quantitative easing" strategy - leaving you with the bill.

AAAND...

When China rolls out the gold-backed petro-yuan soon, and all those no-longer-needed dollars come home to roost...

That spells "hyperinflation".

And the Weimar republic all over.

Good luck, and yw.
 Quoting: Anonymous Coward 75745923


Yup, thus bitcoins. Inflation sink.

lala
Anonymous Coward
User ID: 75794136
United States
12/27/2017 12:33 PM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
If republicans cut spending by 1% the entire debt could

be paid off in 10 years

if they cut spending by 2% the entire debt could be paid

off in 5 years.


This next budgets we wont see any cuts.. but..

The budget after that look out..


That and the fact that President Trump just ordered an

audit of the Pentagon to cut wasteful spending is gonna

be huge
 Quoting: jake


What you fail to understand, is that the FIAT economy is both an illusion, and a ponzi scheme.

But as long as we agree to stick to the rules of the game... Some greedy, shortsighted egomaniacal cunts have been printing the stuff up like madmen for the past decade or so. And earlier too, in desperate attempts to fix stupid, greed, and crashing bubbles.

They even made an elaborate name for running the presses in overdrive.

"Quantitative easing".

Which means that the money supply by now is bursting at the seams, and there's nowhere to put it all away anymore.

And that spells out "inflation".

which actually is a part of the "quantitative easing" strategy - leaving you with the bill.

AAAND...

When China rolls out the gold-backed petro-yuan soon, and all those no-longer-needed dollars come home to roost...

That spells "hyperinflation".

And the Weimar republic all over.

Good luck, and yw.
 Quoting: Anonymous Coward 75745923


No hyperinflation if everyone buys crypto currencies. Inflation yes, hyperinflation no.

Bank on it.
Anonymous Coward
User ID: 45293322
United States
12/27/2017 02:02 PM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
If republicans cut spending by 1% the entire debt could

be paid off in 10 years

if they cut spending by 2% the entire debt could be paid

off in 5 years.


This next budgets we wont see any cuts.. but..

The budget after that look out..


That and the fact that President Trump just ordered an

audit of the Pentagon to cut wasteful spending is gonna

be huge
 Quoting: jake


What you fail to understand, is that the FIAT economy is both an illusion, and a ponzi scheme.

But as long as we agree to stick to the rules of the game... Some greedy, shortsighted egomaniacal cunts have been printing the stuff up like madmen for the past decade or so. And earlier too, in desperate attempts to fix stupid, greed, and crashing bubbles.

They even made an elaborate name for running the presses in overdrive.

"Quantitative easing".

Which means that the money supply by now is bursting at the seams, and there's nowhere to put it all away anymore.

And that spells out "inflation".

which actually is a part of the "quantitative easing" strategy - leaving you with the bill.

AAAND...

When China rolls out the gold-backed petro-yuan soon, and all those no-longer-needed dollars come home to roost...

That spells "hyperinflation".

And the Weimar republic all over.

Good luck, and yw.
 Quoting: Anonymous Coward 75745923


Yup, thus bitcoins. Inflation sink.

lala
 Quoting: Anonymous Coward 30194358


BITCOIN THE HIDDEN CDO......damned
Anonymous Coward
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United States
12/27/2017 02:17 PM
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Re: RON PAUL: Economic boom 'an illusion', bust could resemble USSR collapse...
I love ron. he has shaped my identity in politics.

but the dude has been spewing this and peddling gold for what, 30+ years now....