What does the present Administration know of economic policy? 1. Inflate 2. Print money 3. Spend like a drunken sailor 4. Lie about the consequences What's good about that?
I completely agree. But it doesn't matter. Isolationism will never happen. Virtually every multinational in America would scream if he tried to tamper with it and the economic consequences would be disastrous if implemented. There's no going back on globalization. So get him in there to get smaller gov't which will help us economically and the rest will take care of itself...
No it won't. He plans to ABOLISH the IRS. Good-bye income tax. Think 40% MORE in our collective pockets bodes well for the market?? Hell yes.
Globalization isn't bullying and invading other countries. You are confusing a "globalized army" with a "globalized economy". Ron Paul is the only one who truly believes in free trade and movement of capital and he is against heavily devaluating the dollar.
American's don't seem to get it. When the $USD is devalued enough, we citizens will be bankrupt. We'll have a Bazillion ass-wipe dollars that nobody will take in exchange for goods and services. WAKE UP PEOPLE!! Short of murdering or enslaving your people the next WORST thing a Gummint can do is to destroy the people's money.
The devaluation of the dollar is helping to drive globalism and the US economy. Exporters will get nailed if the dollar doesn't remain devalued. Ron paul is a moron regarding economics and finance. It would be a disaster if he wins.
True but the most likely scenario is that the dollar will be devalued to the point where the trade deficit will be under control. While the Federal Reserve isn't perfect, they're working for the banks and mulitnationals and have no interest in destroying the economy...
If Ron Paul does NOT win we will become so "globalized" we will be like a foreign country: LIKE ZIMBABWE ------------------------------------------------------------------------- Zimbabwe opposition leader spreads word to Houston President Robert Mugabe's chief rival speaks Tuesday night at the University of St. Thomas The two men will speak about Zimbabwe's hyperinflation â the country's annual inflation rate now exceeds 1,700 percent â and the chronic shortages of medicine, fuel and other basic necessities now gripping the southern African nation. "Today, an ordinary Zimbabwean has to struggle for survival," said Tsvangirai, who spoke to the Chronicle at the university, which is hosting his first trip to Houston. "There's no meat, there's no fruit, there's no milk â the basics that any family would live on, it doesn't exist." Under the authoritarian 27-year-rule of Mugabe, who led the country to independence in 1980, Zimbabwe has gone from being the breadbasket of Africa to a country unable to feed itself. The economy continues to crumble even though there is no war. http://www.chron.com/disp/story.mpl/front/5197945.html
I think you're misreading the magnitude... The trade deficit won't alter much until the US and Asian work forces are near "wage parity". The Average US worker makes about $18/hour, the average Chinese worker makes about $.80/hour. Of course the Powers have no "interest" in destroying the financial system. However by continuing to inflate they postpone "settle-up" day. At some point (and we may be in that phase already), they give up on EVER fixing the problem and just hope to keep the circus in town at ANY cost... hoping it doesn't implode on their watch or in their lifetime... so someone else can take the blame and endure the mess they made.