Ron Paul: What If? (Speech on House floor 2/12/09)
This is one of Ron Paul's greatest three minutes.
Ron Paul: What If? (speech on House floor 2/12/09) Watch this ridiculous, insanity (Hat Tip to Sly Capital)
Dr. Ron Paul Responds on 02 - 13 - 09
FYI - My favorite Ron Paul answer Faux News "Debate"
This clip of the South Carolina GOP debate was edited out of the rebroadcast. I guess the answer was too good and had too much truth in it for Fox to bear showing more than once.
FYI - my view
I am net neutral the market at this time. I covered much of my short positions during Geithner’s speech.
I am Long gun and ammo makers. I am looking at Taser too. As people realize Obama is not going to and cannot Change the contraction and will likely make things worse. People will continue to buy guns and ammo. The consumer is not dead, go to a gun show or try and buy ammo and tell me what you see. CHANGE you can believe in!
I see compelling reasons to short the market further; more bankruptcies, deflation and unemployment are coming. However, I fear more Legislative interventions, so I have moved to neutral. I am neutral on gold. But a massive gold bubble is possible.
“Sell to the masses dine with the classes, sell to the classes dine with the masses”
A former boss used to say.
The self-serving greed, dishonesty, ineptitude and stupidity out of DC is overwhelming and makes me fear keeping a large short position. They are just a private FED meeting or “a button push away” from flooding the system with fiat currency/credit to try and raise asset prices via inflation. My WAG is they will wait more towards reelection time, two years of pain deflation and then inflate for some re-election "stimulus".
I like gold as a physical asset held in hand, but due to the over promotion of gold on TV, I am considering increasing a short of paper Gold. We are in deflation, all asset values are declining, gold is looking rich here. Smart people bought gold in 2001-02. Fools buying it now after a 300% run up are very late to this trade. Fast Money and Mad Money have been promoting Gold, to me that is a near automatic short. Hopefully, GS will call for Gold to $2k to $5k and I will go leveraged short gold.