dogma wrote:...
Well I certainly appreciate educated responses, especially from a couple of Dakka's heavy hitters!
True that it's not hard to predict a recession, but his was a voice clamouring for attention on the subject during the middle of the bubble when money was being exchanged and created hand over fist. I believe they're beginning to find that alot more people knew this was coming, but unlike Dr. Paul, they grabbed as much as they could before jumping ship. I'm speaking of bankers and traders now, not congress. Dr. Paul has been "that crazy gold standard guy" and many other names, but he's been consistent and outspoken in his warnings about our system and while he's not the only smart (
ymmv) guy out there, he has been one of the most outspoken and genuine guys representing us in congress. And I like that.
I've already said that I'm not as educated as I should be to endorse a gold standard, and I do appreciate everybody's thoughts on the topic. Perhaps what I should have said was not a move in that direction, but more a move away from 9:1 fiat banking system we currently have. I simply don't understand how that type of economy can exist in perpetuity without finally requiring either a complete re-valutation (not sure if that's the right word) of our dollar, or bringing on a time when it becomes common to carry around $100 bills to pay for daily snacks and such.
I wish I had immediate links on hand to explain why I think the left is destroying our autonomy, so I'll concede the point. The Pakistani example is a case of us promoting democracy in one country (Iraq) and supporting a friendly dicatatorship in another (Pakistan.) When the people ousted Musharraf and elected an unfriendly government it was a perfect example of Democracy at work. But we lost because the democratically elected government has a much stronger anti-USA sentiment. And all of the military aid, to the tune of billions of dollars is now in hands of people with much more sympathy for our enemies in the region.
dogma wrote: That's true, but I'd contend that such a statement is a significant case of confusing correlation and causation.
That's really the main point of contention in the entire debate between Ron Paul and his counterparts in the Republican party. You and I could go blue in the face trying to argue the point, so I'll just respectfully disagree