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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (589)	9/6/2003 7:11:42 PM
From: NOW	Respond to of 110194

Thanks! A must read!

To: mishedlo who wrote (589)	9/6/2003 11:40:59 PM
From: que seria	Respond to of 110194

Typically insightful piece from Ron Paul. The depth of our nation's problem can be seen in how anomalous he is as a member of the House of Representatives. I very much doubt there is another member of the House who holds such views, much less states them. Ron Paul is exceptional, and it takes a very conservative, mostly rural district such as his (stretching well to the west of Houston) to recognize his worth compared to the succession of empty suit power-grubbers who've run against him over the years. He perfectly captures the state of our nation here: Curbing the scope of government and limiting its size to that prescribed in the Constitution is the goal that we should seek. But political reality makes this option available to us only after a national bankruptcy has occurred. We need not face that catastrophe. [Yes we must, because ... see above re: "political reality"] What we need to do is to strictly limit the power of government to meddle in our economy and our personal affairs, and stay out of the internal affairs of other nations. [I admire the guy's stamina in putting forth libertarian principles to a nation that is almost entirely disinterested, to the extent it isn't actively hostile] Conclusion It’s no coincidence that during the period following the establishment of the Federal Reserve and the elimination of the gold standard, a huge growth in the size of the federal government and its debt occurred. Believers in big government, whether on the left or right, vociferously reject the constraints on government growth that gold demands. Liberty is virtually impossible to protect when the people allow their government to print money at will. Inevitably, the left will demand more economic interventionism, the right more militarism and empire building. Both sides, either inadvertently or deliberately, will foster corporatism. Those whose greatest interest is in liberty and self-reliance are lost in the shuffle. Though left and right have different goals and serve different special-interest groups, they are only too willing to compromise and support each other’s programs. That is precisely the story of the last two or three generations in the U.S., and it's the reason to own gold stocks now, and some gold later.