Whether China will emerge unphased from a significant slowdown in the American consumption machine is a debate that has been raging for well over a year. Many respected economists disagree on this important question.
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They say intelligent people point out the obvious and geniuses point out the obscure, so this idea may not be genius, but it’s pretty damn close. It’s so simple it makes me want to scream.
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All the real experts are supporting the only candidate with a real plan to resolve the coming economic storm.
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ABC included Ron Paul in the debate, so I’m going to give them some publicity. What follows is the entire debate.
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America produces nothing and can only sustain its standard of living because every fabricated fiat dollar spent on imported goods eventually gets recycled back into Wall Street as investment. Those investments filter down throughout the country and the end result is a cycle that sustains a service and consumption based economy with a dwindling manufacturing base.
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During the Republican debate on January 5th Ron Paul clearly stated his case in favor of a new foreign policy, outlining positions that are mainstream and even considered common sense in every city of the world except Washington. Predictably, he was attacked from all sides.
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In this video Peter explains why current global market volatility is caused by America’s failing consumer based economy and once foreigners learn that America adds no value to the global economy and begin to end their subsidies, they will decouple and America will fall. In that context, the following Ottoman warning is quite relevant.
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When people are free to go where they want, do what they want and say what they want, how can any leader assure security? The only way to guarantee no foreign enemy is walking within your borders is to know precisely every individual’s identity. The only way to guarantee no domestic enemy is plotting from their property is to monitor precisely every individual’s intentions. Make no mistake about it, a life free from any risk of terror is a life without freedom, with no exceptions.
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A few months ago I was involved in a somewhat political conversation with two colleagues (never a good idea, by the way) and both of them were quite fond of Rudy Giuliani. Of course I was shocked, so I inquired further. One of them attended a leadership conference years ago in which Rudy was held as the model leader, the other just had a good feeling towards him and couldn’t remember why. I struggled to contain my vomit.
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There are too many people on the major social news sites mocking Ron Paul for finishing 5th in the Iowa caususes yesterday. I couldn’t disagree with their sentiment more, and I question whether they are even conservatives to begin with.
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