Ron Paul: "We’re on the verge of something like what happened in ‘89"

[crimethink]

http://www.washingtonexaminer.com/ron-paul-trump-may-be-vulnerable-to-2020-gop-primary-challenge/article/2644395

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.”

[Neuro]

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.”
There were millions who starved and froze to death in Soviet Union as it collapsed in 1989 in the following years... But probably he is correct in that a systemic collapse in the US would end up much worse.

[Dogman]

Be careful what you wish for, you probably will not like the results, unless you have a working crystal ball.

89?

think things here was shitty, jobs ,... what jobs, pure rumors and propaganda.

[Cebu_4_2]

There were millions who starved and froze to death in Soviet Union as it collapsed in 1989 in the following years... But probably he is correct in that a systemic collapse in the US would end up much worse.

Just shut off the electricity would result in a major malfunction. Even people using wood to heat would have no fans to spread it around.

[TroyOz]

The US imports the majority of its goods paid with printing press money, not goods for goods trade like normal trade. The Dollar as a reserve currency is an extraordinary privilege that allows the people here to live a much higher standard of living than we would have otherwise.

This privilege is eroding quickly.

“How did you go bankrupt?"
Two ways. Gradually, then suddenly.”

― Ernest Hemingway, The Sun Also Rises

13D Global Strategy & Research‏ @WhatILearnedTW

U.S. liabilities to foreigners exceed its assets by about $8 trillion. Joseph E. Gagnon: “Never in history has one country owed so much to the rest of the world.” #WILTW

[singular_me]

just read that trump was close to signing a $200 Billion bill for infrastructure

or maybe worse...........
Trump lays out $1T infrastructure vision in budget request
http://thehill.com/policy/transportation/334741-trump-lays-out-1t-infrastructure-vision-in-budget-request

[Cebu_4_2]

just read that trump was close to signing a $200 Billion bill for infrastructure

or maybe worse...........
Trump lays out $1T infrastructure vision in budget request
http://thehill.com/policy/transportation/334741-trump-lays-out-1t-infrastructure-vision-in-budget-request

Sounds much better than the pentagon just losing 3T into thin air AKA 9-11.

[singular_me]

sure, deficit for war is the most abhorrent.. but it tells us that they are not yet ready to pull the plug just yet.. they still have ideas as how to pump it up

[Joshua01]

U.S. liabilities to foreigners exceed its assets by about $8 trillion. Joseph E. Gagnon: “Never in history has one country owed so much to the rest of the world.” #WILTW

Well, you know what they say....I'd rather owe you $8T than cheat you out of it!

[vacuum]

Good.

[Neuro]

just read that trump was close to signing a $200 Billion bill for infrastructure

or maybe worse...........
Trump lays out $1T infrastructure vision in budget request
http://thehill.com/policy/transportation/334741-trump-lays-out-1t-infrastructure-vision-in-budget-request
The major benefits with those infrastructure investments, is that a minute amount will show up as deficit spending, and then you’ll have trickle down effects, iow the salaries to the workers. Huge stimulant to the economy and it increase the tax base.

[crimethink]

The major benefits with those infrastructure investments, is that a minute amount will show up as deficit spending, and then you’ll have trickle down effects, iow the salaries to the workers. Huge stimulant to the economy and it increase the tax base.

All of this matters naught without resurrecting America's industries. And that's not happening, nor will it happen.

Most infrastructure spending will be to enhance the ability of Jews, corporations, and Chinamen to exploit America and her declining people. If you want to see how much of this "infrastructure investment" will turn out, just look at the new span of the San Francisco-Oakland Bay Bridge, built with Chinese parts and by inept workers.

https://en.wikipedia.org/wiki/Eastern_span_replacement_of_the_San_Francisco%E2%8 0%93Oakland_Bay_Bridge#Construction_incidents

[monty]

just read that trump was close to signing a $200 Billion bill for infrastructure

or maybe worse...........
Trump lays out $1T infrastructure vision in budget request
http://thehill.com/policy/transportation/334741-trump-lays-out-1t-infrastructure-vision-in-budget-request

I suspect Comrade Secretary Elaine Chow and the Chinese are involved in this deal.

[Carl]

The US imports the majority of its goods paid with printing press money, not goods for goods trade like normal trade. The Dollar as a reserve currency is an extraordinary privilege that allows the people here to live a much higher standard of living than we would have otherwise.

This privilege is eroding quickly.

“How did you go bankrupt?"
Two ways. Gradually, then suddenly.”

― Ernest Hemingway, The Sun Also Rises

13D Global Strategy & Research‏ @WhatILearnedTW

U.S. liabilities to foreigners exceed its assets by about $8 trillion. Joseph E. Gagnon: “Never in history has one country owed so much to the rest of the world.” #WILTW

The U.S. does import a majority of its goods but it does not pay for them with "printing press money", it doesn't pay for them at all. The Dollar as reserve currency is just that, a reserve currency held by banks with the primary users of the prented currency being the CIA, arms and drug dealers, everything else is done in bank generated debt/credit denominated and payable in dollars that do not exist.

The U.S.G. can never go bankrupt as it owns the currency Section 31 U.S.C. 5103 (https://www.law.cornell.edu/uscode/text/31/5103) in which its debts are due and payable in, Section 31 U.S.C. 3123 (https://www.law.cornell.edu/uscode/text/31/3123).

Other than the Treasuries held by foreign interests, (which the U.S.G. can always pay) the U.S.G. doesn't owe jack shit, the banks, on the other hand, owe a great deal.