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#1 |
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Ring of Famer
Join Date: Oct 2003
Posts: 9,082
Adopt-a-Bronco: Quinton Carter |
Congressman: Stock Market Will Eventually Collapse
Ron Paul says martial law provisions in place to deal with economic discord Texas Congressman and presidential candidate Ron Paul says that attempts to rescue an ailing stock market last week, during which the Fed pumped in billions in liquidity, were merely a stop gap measure - and that an economic collapse is all but inevitable. ![]() "They think that they can control it but eventually they can't, as powerful as they are eventually the markets are more powerful," the Congressman told the Alex Jones Show yesterday. "The dollar can't be kept in check because eventually it will come unwound," he added. "But I think the most significant figure we've heard in the last few weeks is the measurement between 2000 - 2005, the clear cut admission that real income has gone down, which is a reflection of the dollar." Paul explained that recent attempts to pump liquidity into the markets are only a temporary fix and that the long-term effects of doing so spell disaster for the economy. "The dollar is plunging no matter what you read and hear about and no matter how hard they work to keep the bubble going the only way they can do that is creating more money....causing the dollar to go down even faster, the market seems to be reassured - there's a contrivance to try to hold this together....but it won't last, eventually it's going to collapse," said Paul. The Texas Congressman cited the repeal of the Insurrection Act as opening the door to a declaration of national emergency and martial law which could be instituted for any number of reasons, including civil disobedience in the event of an economic downturn and a run on the banks. "If in 6 months or a year there is total chaos who knows what they might try to do," said Paul. The presidential candidate also slammed the abolition of Habeas Corpus as a "very dangerous sign" that plans were being laid for martial law. "Why would they change them (the laws) if they didn't plan to use them," concluded Paul. Suspicions were raised last week when a mystery trader risked billions of dollars after buying 245,000 put options on the Dow Jones Eurostoxx 50 index, in effect a speculation that the market would crash by a third before September 21st. |
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#2 |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
Looks like he lost my vote ..............Damn shame to
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#3 |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
oops nevermind , I misread the post ....... I am still on the bandwagon , but ready to jump at a moments notice
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#4 |
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Tastee Freeze
Join Date: Dec 2002
Posts: 9,464
Adopt-a-Bronco: Champ Bailey |
Ron Paul is popular with the internet geeks, but as far as the conservatives
go, Mike Huckabee is starting to catch on. He's basically the conservative that they are looking for, and after his second place showing in the Iowa straw poll Huckabee is starting to get more money and press attention. He's the real conservative a lot of people think Fred Thompson is, and Huckabee could just steal the GOP nomination from Thompson and Giuliani once conservatives find out more about Huckabee. Ron Paul seems too radical for the average conservative. |
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#5 |
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grand pubah
Join Date: Dec 2002
Posts: 1,950
Adopt-a-Bronco: Bubby Brister |
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#6 |
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Mo' holla fo' yo' dolla!
Join Date: Dec 2002
Location: In a bunker in an undisclosed location
Posts: 52,694
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Wow - I wonder how Paul's statements here are going to sit with those supporters of his who would scream "conspiracy theory" if these warnings came from just about any other source?
This should be interesting to watch. |
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#7 |
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Tastee Freeze
Join Date: Dec 2002
Posts: 9,464
Adopt-a-Bronco: Champ Bailey |
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#8 |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
Imagine that .........I really dont trust a politician ........ I wonder if I can join the same 12 step program you used to learn to trust politicians ?
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#9 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,840
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If there's going to be bread lines, I suggest moving your investments into entertainment stocks. They're about the only ones who did alright through The Depression. Even when people are starving, they want to be entertained.
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#10 |
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Angling in the Deep
Join Date: Oct 2003
Location: Texas Riviera, Southern Mountains
Posts: 24,281
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Ron Paul just dug his own grave, ball game over.
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#11 |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,887
Adopt-a-Bronco: Buy My Book |
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#12 |
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It is what it Is.
Join Date: Apr 2001
Posts: 53,887
Adopt-a-Bronco: Buy My Book |
I'm buying gold.
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#13 |
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Angling in the Deep
Join Date: Oct 2003
Location: Texas Riviera, Southern Mountains
Posts: 24,281
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Thinking it and saying are two different things. He's unelectable for sure after that little doom and gloom narrative.
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#14 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,840
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In my darker moments, I believe this is what's in store for us. Throughout mankind's history there have been times of massive social upheaval. We haven't had one of those in a long time. Our entire economy is built on air. What do we manufacture? Where are our factories? What are we making and selling? Paper and bytes. Add to it all the massive stupidity of the current government and the corruption, the billions wasted in Iraq, the debt, the intentional Walmartian erosion of quality and the fact that our currency has the weight of feathers, the erosion of real wages and value while the rich at the top marvel at how large their gas filled bubble of wealth is expanding.
People always worry about the flammability of liquids, but it's the fumes you've got to look out for. That which you can't see is what causes the explosion. While we're spending all our time tending the flammability of our markets, we are ignoring the fumes. |
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#15 |
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Self Appointed Expert
Join Date: Aug 2003
Posts: 25,136
Adopt-a-Bronco: Miss I |
I think hes on the right track. Problem is I dont think he can do a damn thing about it.
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#16 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,840
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Now I know we're in deep ****. Bush is right now giving a speech saying the American economy is strong and getting stronger and it's "...strong enough to weather any turbulence." He's saying this disruption in the mortgage industry is "modest." He's not bailing out "the speculators." Last time Bush sounded this certain about something was when he was talking about WMDs in Iraq.
Time to sell the house and move into an RV. |
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#17 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,840
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Here's the funny part. Bush took no questions. Obviously, the speech was entirely coached and Bush understood none of it. He sure as hell wasn't going to answer questions.
Then we'd just get more of that video for Letterman's "Great Moments in Presidential Speeches" with Bush going, " hhhhhh..." I know if I was in the press corps, the most fun I would have would be to come up with really complex questions to ask Bush. I'll bet the press corps has contests among themselves, you know, like "Befuddle the Dork." |
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#18 | |
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24/7 Broncos
Join Date: Apr 2001
Posts: 49,704
Adopt-a-Bronco: Peyton Manning |
Quote:
http://www.newswithviews.com/baldwin/baldwin394.htm |
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#19 |
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Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 45,991
Adopt-a-Bronco: Tom Jackson |
this takes Paul out of the running. While his ideals may be in the right place, he's obviously not able to see the whole picture.
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#20 |
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Mr Diplomacy
Join Date: May 2001
Location: Elway was just an arm =MacGruder
Posts: 84,438
Adopt-a-Bronco: Von Miller |
I got a investing tip for everyone ....... Shotguns and canned goods ...
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#21 |
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Mo' holla fo' yo' dolla!
Join Date: Dec 2002
Location: In a bunker in an undisclosed location
Posts: 52,694
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#22 | |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,840
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Quote:
Regarding the war in Iraq and other foreign policy issues, Paul is a traditional conservative of the order of George Washington and Robert Taft. Not ignorant of military matters (he is an Air Force veteran), Paul subscribes to a historical American approach of no entanglements with foreign nations. In fact, in the area of foreign policy, Ron Paul stands alone as a traditional, constitutional, American statesman. I am sick of being the world's policeman. |
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#23 |
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Partisan
Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 48,840
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When will the true conservatives (regardless of party) realize that Bush and the neocons are not conservatives? They are radicals whose politics border on fascism.
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#24 | ||
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Tastee Freeze
Join Date: Dec 2002
Posts: 9,464
Adopt-a-Bronco: Champ Bailey |
Quote:
Quote:
the map to 10%, passing up McCain. And projecting Huckabee's rate of climb, he is poised to pass Thompson and Giuliani in Iowa. A strong second for Huckabee in Iowa or even an upset defeat of Romney and who knows what happens next. http://www.realclearpolitics.com/epo...aucus-207.html And in the other two early primary states, New Hampshire: http://www.realclearpolitics.com/epo...imary-193.html and South Carolina: http://www.realclearpolitics.com/epo...imary-233.html Huckabee is also starting to climb in the polls. I see no such movement for Ron Paul. |
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#25 | |
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Hokie since 1993
Join Date: Apr 2001
Location: Denver, CO
Posts: 45,991
Adopt-a-Bronco: Tom Jackson |
Quote:
You can find that in section 9 aka The Limits of Congressional Powers. So all that crap Paul said about Habeas Corpus and Martial Law is already on the books and has been for over 200 years Constitutionalist my arse. It sounds like he's barely read it. |
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