Ron Paul: Be Prepared for the Worst

Ron Paul: Be Prepared for the Worst

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Ron Paul

Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.

A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.

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Recommended article: Be Prepared, The Sides Are Forming for the Coming Civil War

Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate. We have seen the results of Alan Greenspan’s excessively low interest rates: the housing bubble, the explosion of subprime loans and the subsequent collapse of the bubble, which took down numerous financial institutions. Rather than allow the market to correct itself and clear away the worst excesses of the boom period, the Federal Reserve and the U.S. Treasury colluded to put taxpayers on the hook for trillions of dollars. Those banks and financial institutions that took on the largest risks and performed worst were rewarded with billions in taxpayer dollars, allowing them to survive and compete with their better-managed peers.

Also read: US Economy Is Collapsing – Americans Are Out Of Money

This is nothing less than the creation of another bubble. By attempting to cushion the economy from the worst shocks of the housing bubble’s collapse, the Federal Reserve has ensured that the ultimate correction of its flawed economic policies will be more severe than it otherwise would have been. Even with the massive interventions, unemployment is near 10% and likely to increase, foreigners are cutting back on purchases of Treasury debt and the Federal Reserve’s balance sheet remains bloated at an unprecedented $2 trillion. Can anyone realistically argue that a few small upticks in a handful of economic indicators are a sign that the recession is over?

What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years. As the housing market fails to return to any sense of normalcy, commercial real estate begins to collapse and manufacturers produce goods that cannot be purchased by debt-strapped consumers, the economy will falter. That will go on until we come to our senses and end this wasteful government spending.

Government intervention cannot lead to economic growth. Where does the money come from for Tarp (Treasury’s program to buy bad bank paper), the stimulus handouts and the cash for clunkers? It can come only from taxpayers, from sales of Treasury debt or through the printing of new money. Paying for these programs out of tax revenues is pure redistribution; it takes money out of one person’s pocket and gives it to someone else without creating any new wealth. Besides, tax revenues have fallen drastically as unemployment has risen, yet government spending continues to increase. As for Treasury debt, the Chinese and other foreign investors are more and more reluctant to buy it, denominated as it is in depreciating dollars.

Related article: Economy is Collapsing: What Should You Expect?

The only remaining option is to have the Fed create new money out of thin air. This is inflation. Higher prices lead to a devalued dollar and a lower standard of living for Americans. The Fed has already overseen a 95% loss in the dollar’s purchasing power since 1913. If we do not stop this profligate spending soon, we risk hyperinflation and seeing a 95% devaluation every year.

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Ron Paul, Forbes


 

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5 COMMENTS

  1. The date may be March 26th, 2016; 2017; Nov 2018, 2022. The Destroyer is its name and it goes by Nibiru; El Shaddai; Blue Orb; Planet X and about 30 other names like Nemesis.
    The Trumpet Judgments of Revelation can begin in the Spring in March 15-April 15 or in the Fall in Sept 15 to October 15.
    http://jardalkalataol.blogspot.com/2015/09/josephs dream egypt and nibiru.html;
    Websites
    Beforeitsnews.com Jardalkal stories and John Ale stories: Nibiru and the Second Coming of the Messiah
    Aviv Moon Network.com End Times Forum John Ashcraft Stories.

  2. VERY SOON,the GREAT COMET, the LORD has been WARNING about will arrive,When it does,AMERICA will go into total WAR,the death toll will be enormous,The russians and chinese will use the chance to INVADE,and they will kill everyone they encounter,as they sweep accross this GODLESS nation,YOU BETTER be under the PROTECTIVE WING OF OUR LORD,or you won’t survive very long,TIME HAS RAN OUT FOR AMERICA..YES they DO intend to take captives,YOUR YOUNG WOMEN AND SONS,back to china and russia,and they will..,all your ALPHA MALES are in prison,ONE stupid thing after another in this braindead country,THERES only a few now to fight,yep you’ve done a good job of screwing this nation with one stupid idea after another,AND now you have a CLONED EGYPTIAN PHARAOH as your leader……………….

    • 2016 with the ushering of Rev 13 Beast System ruled by Islam. Take over occurs after America dies a bloody death due to Nuclear war.
      9. Seal 5: Worldwide persecution of Jews and Christians. (Rev 6: 9-11) 2015/2016, ISIS killings coming to America. Luke 9:9. An article titled said Genocide has already begun in America.
      10. Seal 6: Signs of the sun, moon, and stars, worldwide earthquake, appearance of Christ in the sky, wrath of God begins. (Rev 6:12-17). September 23, 2017 Day of the Trumpet (Leviticus. 23:24ff) Views on Wrath of God. 1) Trumpet then bowl judgments and then Armageddon. 2) Bowl judgments and then Armageddon. 3) Armageddon. On first sliver of the new moon (Day of Trumpet Lev. 23:24ff) before Armageddon in September or in the 49th Shemitah year (2015) at its end. End of the 6th Day.
      Note: Some teach Seal 6 occurs at the Second Coming of Rev:12:1.
      11. Saudi Arabia (end times Babylon, (Babylon the Great(JA)) destroyed in a nuclear holocaust. (Rev 17:16-18:24) Late 2015, 2016. Some call this ” fire” in dreams. Some teach that America is Babylon the Great. I think this article will convince you that it may be Saudi Arabia.
      shoebat.com/2014/12/03/mysterious-black-horse-seen-flying-mecca-babylon-great-come/
      12. Sealing of the 144,000 (Rev 7)
      13. Seal 7: 7 Trumpet judgments. (Rev 8:1-6) global earthquake. Tentatively 2016 Passover of Passover Week.
      I am guessing that by the study above that these events may or will occur on a Sabbath, 4th day, First sliver of a new moon or on a full moon.
      Day of the Lord Begins (360 day event). Day of the Lord is a Day of Trumpet and Alarm (Zeph 1). It actually begins on Day of Trumpet on the first sliver of the new moon in 2017 because of the Rev 12:1 event. But to differentiate the Second Coming, I have called the Trumpet and bowl judgments the Day of the Lord.
      Some teach the Day of the Lord includes the Great Tribulation (1260 days, 42 months, 3.5 years), Second Coming on Day of Trumpet in the Jubilee year or the ninth year, and Messianic Kingdom.
      14. Trumpet 1: Horrific hail and fire, 1/3 of plants burned up. (Rev 8:7) Day of the Trumpet (Lev 23:24ff), September , 2016 Haftarah Portion: Hosea 14:2-10. Micah 7:18-20, Joel 2:15-27 ; Deut 31:1-30; or March 26th, 2016 Feast of First Fruits. Meteorites. Rev 6:13; Affects Day 3 of Genesis 1.

  3. Actually, 2016 will be a global Depression. Inflation is up to 75 percent or higher and by 2017, it will be 100 percent. America dies in 2016 economically and physically. No more constitution now and it is being replaced by Sharia Law rapidly. Martial Law will take place in 2016. All Christians in America may or will be dead bythe end of 2016. Jews in America will die this year. As a matter of fact 281 to 300 million Americans must die to make America into an Islamic nation by 2017,
    NWO is in force now with Agenda 21 laws becoming Agenda 2030 laws which means 7 bullion people must be dead by 2025.
    Then you have the Book of Revelation coming alive over the next two years and Armageddon possibly on September 30th, 2017 with the Second Coming of Jesus in 2017 and why 2017. 20 events in Israel’s history ties to 2017. Battle of Jerusalem 1917+100 years =2017. 6th Day War in 1967+50 years =2017. Proclamation for Israel 1947+70=2017. Judah ben Samuel Prophecy. 2017 is the 10th Jubilee (50 years) for his prophecy and the Messiah comes (1517-2017). Woman clothed with the Sun in 2017. Giza Pyramid Lineup in 2017. Signs in the Sun, Moon, and Stars in 2015 which were 8 or 9 says to get prepared now.
    [email protected] John Ashcraft Jesus in 2016-2017.

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