I ran across the following video on my homepage on YouTube earlier today. It details some of the predictions that were made by Representative Ron Paul the Great (R-TX) and Peter Schiff (head of Euro Pacific Capital) about the economy:
Honestly, it amazes me how much Ron Paul has been right, yet people still dismiss him as some wacky libertarian politician. Sure, SOME of his supporters may have been a little … weird, but for the most part, his supporters were normal, just like him.
And although I didn’t vote for him in the primary (he probably would’ve been my second or third pick), I at least have the common courtesy to say when he’s right, and when it comes to economic issues especially, that’s almost every time he speaks. And I don’t think that it’s because Dr. Paul is some super-genius (although he is a VERY bright individual); I think it’s because he’s not afraid to call things as he sees them. There’s no sugar coating with him.
He called things such as the trouble with adjustable rate mortgages (ARMs), the problems with the Federal Reserve, and inflation years ago.
I give a lot of credit to Neil Cavuto the Great for acknowledging that Paul was right.
And honestly, I am ashamed of the Republican Party for the way that they tried to ostracize Representative Paul because he has a different stance on a few issues.
That video also had a clip from an interview with Representative Joe Knollenberg (R-MI) (the one where he said, “It’s not your money”) that I did a blog post on. When I hear that, it still appalls me that he could say that (and he’s one of my favorite representatives).
My only hope is that we will start listening to the things that Ron Paul is saying, especially when it comes to the economy. With the situation that we’re in, how can we afford not to listen to somebody who has the great track record that Dr. Paul does when it comes to the future of our economy!
Tags: 2008 Election, Adjustable Rate Mortgage, ARM, Campaign for Liberty, Economic Crisis, Economics, economy, Election, Euro Pacific Capital, Federal Reserve, Inflation, Joe Knollenberg, Libertarian, Michigan, Money, Neil Cavuto, Peter Schiff, Politics, Primary, Representative, Republican, Republicans, Ron Paul, Texas, YouTube