Jim Rogers: Ron Paul is the only politician that understands what's going on right now. 2012

Jim Rogers discusses how he would support Ron Paul for president since Ron's the only politician who understands what's going on with the economy.

Category:

News & Politics

Tags:

• Jim
• Rogers
• Ron
• Paul
• Peter
• Schiff
• Austrian
• Economics
• Marc
• Faber
• Gold
• Silver
• President
• 2012
• Dollar
• Crash

[louiethegreater]

Naturally this investor in Asia, would support a free trader like Dr. Paul.

[helpendthefed]

@louiethegreater ... and yet that's not even why Rogers supports Paul. Rogers supports Paul because Paul is for Freedom, Real Free Market Capitalism and following the rule of law, the US Constitution. You know, all the things that once made this country great AND will/can make the US great again.

[louiethegreater]

@help If you don't think that Rogers supports Dr. Paul because of Free Trade than let Paul mention protectionism and you will hear him squeal like a pig. Actually the country was not made great by laissez-faire free trade.The great manufacturing economy, that produced the american middle class, was brought into existence by union activity inside a protected economy. That is apparent by the Hamilton Tariff Act of 1789, six years after the Constitution was ratified. Free trade is freedom for who

[helpendthefed]

@louiethegreater Ron is NOT a protectionist so why would he ever mention that... You're right, UNION ACTIVITY INSIDE A PROTECTED ECONOMY are what made this country great!? /s It has nothing to do with living in a free society with free market capitalism. lol!

[sfjeff1089]

@helpendthefed The US has had slow growth since Reagan took over, with economic growth replaced by asset bubbles. Yes. Those same bubbles that RP likes to blame on the fed. Reaganomics is strongly influenced by Hayek, and it promotes the wealthy and erodes the middle class, which is not a prescription for growth. Between Reagan, Bush 1, and Bush 2, total US GDP growth over 20 years was aproximately 0. But Bush 1 awarded Hayek the Freedom Medal for his part in the 80's stock bubbling.

[helpendthefed]

@sfjeff1089 We've actually had negative growth since the early 70's. The fake prosperity has been borrowed or printed by the fed. Debt accumulated incl unfunded liabilities are well over 100T. Reagan, Bush, Clinton, Bush and Obama have all failed us. Inflating the currency destroys the middle class and rewards the wealthy. What cost $100 in 1971 would cost $532.25 in 2010. Notice how the debt/gdp ratio has skyrocketed since the early 70's bit(dot)ly/qL8ZSj Wonder what happened in the early 70's?

[herbal1971]

It's not that he's the only with a clue. He's the only one who probably hasn't been bought off by the banks.

[helpendthefed]

@sfjeff1089 The US is in a depression right now. Ron doesn't want a Govt. Gold standard. He is for a free market GOLD COIN STANDARD. That is, the market (people) decide the value of the money and the money is in their control, not the Govt's or a private bank. Ron is not an anarchist (No Govt.) He believes there is a role for the Federal Govt. to play. Courts & Defense mainly. The role of the President is to provide a healthy environment for businesses to provide goods/services and create jobs.

[annajanek1]

Ron Paul the only one who has a clue what's going on.

[WorldMusicads]

★ ☆ ★ ☆ RON PAUL 2012 ☆ ★ ☆ ★

[noobhimself]

The gold standard worked since the creation of the standard itself, since Nixon suspended it our money has been backed by the good faith of the US government which is is basically faithless as history shows

[mitsukai89]

Lol people here are tools that actually believe ron paul could be a solution while he is part of the problem He is a damned congress man who are a bunch of jew worshippers.

[SharkBait782]

@helpendthefed Then he shouldn't support the Gold Standard at all

It didn't work during the 19th century, as far as I remember, businesses that were American suffered greatly during that time...

On contrast, since Keynesian economics, American businesses have gotten off a lot easier

The reason for this is because gold dolts assume that the commodity adjusts itself to the economic activity; that's false, the ECONOMIC ACTIVITY ADJUSTS ITSELF TO THE MONEY

[sfjeff1089]

@helpendthefed Look at the numbers.

Unions: bit(dot)ly/uelzl7

CEOs: bit(dot)ly/v1CJ7P

Wages vs productivity: bit(dot)ly/sOOfKq

CEOs vs Workers: bit(dot)ly/rv6OaU

log graph of GDP growth: bit(dot)ly/sS0Tib

[sfjeff1089]

@mak2675 Tariffs are extremely regressive. lol. I have been saying that he supported every economic policy that caused the first great depression except for tariffs. Maybe I should read a bit more about RP...

[sfjeff1089]

@Ar15snhappy If you are going to have conspiracies on who really runs the country, I think halliburton is a much better candidate than the federal reserve. Or maybe we could compare the size of ATT's lobbying team to that of the federal reserve member banks. I will believe that the federal reserve affects interest rates strongly, but given that we are closer to deflation than radical inflation, Ron Paul's deflationary program would be a disaster.