SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : WAR on Terror. Will it engulf the Entire Middle East?
SPY 659.00+1.0%Nov 21 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
SARMAN
From: warren7895/5/2014 11:53:12 PM
1 Recommendation   of 32591
 
Ron Paul: US interventionism will bring about its collapse



Former US lawmaker Ron Paul


Related Interviews:

Related Viewpoints:


Former US lawmaker Ron Paul says China will soon overtake the United States as the world’s largest economy as officials in Washington are squandering the taxpayer money on “a hyper-interventionist foreign policy.”

“One advantage China has over the US is that the Chinese government does not waste money on a hyper-interventionist foreign policy. The United States government spent approximately $752 billion on the military in fiscal year 2013. In contrast, China spent approximately $188 billion,” the former presidential candidate wrote in a piece published Sunday on the Ron Paul Institute for Peace and Prosperity.

While most economists had previously predicted that China would become the leading global economic power by 2019, data compiled by the world’s leading statistical agencies have recently shown that China would overtake the United States as early as this year.

“News that China is soon to surpass the United States as the largest economy in the world is a stark reminder of how the American people are harmed by the welfare-warfare state, crony capitalism, and fiat currency,” Paul wrote.

Stressing that only “those who run or work for the military-industrial complex” benefit from America’s overblown military spending and bellicose foreign policy, Paul added, “The only way to avoid continuing collapse is to finally reject an interventionist foreign policy, stop bailing out and subsidizing politically powerful industries, and restore a free market in money.”

Paul’s remarks come as a recent Wall Street Journal/NBC News survey showed that Americans are becoming tired of their government’s interventionist policies around the world.

The poll’s findings revealed that nearly half of Americans want Washington to “be less active in world affairs” while only 19 percent call for a more active role.

According to the Wall Street Journal, the findings are indicative of “an anti-interventionist current that sweeps across party lines” in the United States.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext