Ron Paul: Euro Bailout Will Lead to Currency Collapse

http://www.RonPaul.com - 05/10/2010

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Category:

News & Politics

Tags:

• ron paul
• greece
• euro
• dollar
• gold
• bailout
• imf
• federal reserve
• fed

[zenyork]

@sophiah88

More true than true! That is why we need a revolution followed by a productive cultural renaissance in the U.S., and other counties around the globe. Just look at the riots in Greece, or the underground movements in Paris, and the overthrow happening now in Kyrgyzstan. America must also brave its inevitable future: The Second American Revolution. Not of warfare but of communal and intellectual revolt, of charity, of street rallies, and of fearless tenacity to implement the good.

[quizerry]

First socialist Greece, next to fail will be Spain, Portugal then Italy. It is time to decrease our size of Government before we fall into the same pit.

[shutyamouf2]

I think if you look around the world the ideal healthcare system now for both patients and government checkbooks would be something akin to what Japan and Taiwan have - universal, non-socialized medicine through non-profit insurance companies. Of course, no one important in America proposes this because it means huge campaign financiers (Anthem etc.) would lose out, only fringe folk like Ralph Nader propose this and it's sad.

[infokemp]

@infokemp Choice is able to occur in the EU system because we have both national & private health care - this reduces our private debt - because unlike the US we don't have to go into debt (banks) to fund healthcare insurance (drug companies) they have you hook & line - you think you have choice but everything is private - Medicare has created competition only between patients for places not between oligopoly cartels of medical companies. Medicare plus Fed inflation is why US debt is 300% GDP

[infokemp]

@infokemp Take a look at a social market health care system - it is funded directly from taxation in England or in Germany through health insurance up to a certain level of income you are given health care free at the point of demand - does this create as in the US competition between patients or in the EU competition between drug & technology companies to provide cheaper & better medicine to the main market dominant buyer (National Health) - if you don't like the NHS you can go private - choice

[infokemp]

@infokemp The problem is not "socialism" the Europeans are not socialist they are Social Democrats & have a social market - in economics it works at the point of maximum social benefit - the fact is that Banks leveraging out mortgages 100 times trading them as though they where assets insted of debt & then hedge funds claiming insurance on Credit default swaps - from mortgages & houses they don't even own created bank debt - that's Ultra Conservative Ponzi Scheme Capitalism not social markets.

[infokemp]

@infokemp Even if Ron Paul got he way on having Gold currency competing against fiat dollars - the fractional reserve banking system created by the Medici still was based on Gold currency - the system need to be changed - currency & money are two different things - money is a unit of value (i,e we don't know that value because of we don't know the value of all resources) currency is a unit of exchange. Problem is organized crime & that democratic governments don't create currency.

[infokemp]

@infokemp Part 2 To not return the money that EU has lent to bail out US fraudster banks is not only wrong but dishonorable - we are your Allies - Ron Paul is right on the legal & constitutional issues but returning to the Gold standard - means you will replace on set of fraudsters - the central bankers - with private investors in gold markets that we could never shut down - the central Banks in Europe at least are under the control of democratically accountable govt & could be shut down.

[infokemp]

Part 1

I was absolutely a supporter of Ron Paul - but here he is absolutely wrong - Hank Paulson pulled the plug of Lehman bros - a US owned bank - in debt because of a Rouge Ponzi scheme inflating Federal reserve system - which if it had just spent one billion dollars to stop insider Trading against Freddy & Fanny Mae could of stopped a 14.7 trillion dollar debt crisis caused in the US - the EU has had to bail the US out in 2008-09 to the cost of 14.7 trillion dollars.

Continued

[dontaskmewhatithink]

If I could cut myself in half and live so I could VOTE for THIS MAN TWICE, I would.