Consider that IF, by some unknown and as yet undiscovered law of cosmic illogic, that Ron Paul actually was elected President of the United States: the economic chaos that would result as of the day after Election Day (anticipating Paul’s views and policies on the economy) would make the upheavals of 1987, yea - even 1929 look like a minor ‘whoops’, because the uncertainty would without a doubt bring on a bear market, investment capital would dry up until it was clear what a Paul Administration would mean for the economy, you can be sure the DJIA would be dropping, and the value of the U.S. dollar would be virtually unpredictable. There would be good news for all the gold speculators however, because investors would be moving to precious metals for sure.
And those are just some of the economic issues that would be spooked by a Ron Paul victory next year.
On a global scale, you can be sure that our terrorist enemies would be rubbing their hands in glee because they would know that if Ron Paul is true to his word, there will be a major American pull out from the Middle East, and that would mean that al Qaeda, Hamas, Hezbollah, Iran, all of those dirtbags would be anticipating their being able to fill that power vacuum with impunity.
Israel might be compelled to launch a pre-emptive strike on both of her enemies Iran and Syria, why? Because Ron Paul has made it clear that he doesn’t think we should be providing any aid or support to Israel or any other nation in the Middle East. Ron Paul would do to Israel what Jimmy Carter did to the Shah, and the results would be even uglier. Israel would (in former SAC parlance) ‘use it (their military and/or nuclear capability) or lose it’.
Fortunately, Ron Paul is not only going to NOT be the GOP nominee, he is never going to be President. It is true that he has some good ideas, he does profess Christ as his Saviour (although he said he is very uncomfortable about discussing his faith, which begs the question ‘why’?), and in his own mind, he no doubt truly believes that his policies would be best for America.
And they would, if this were 1901.
Wow! I had no idea that the amazing Kreskin was a FReeper.
Untrue.
If Ron Paul were in charge his first act would be to stabilize the currency by raising interest rates.
That would be bad for gold, but that's the whole point.
Stop devaluing the dollar and there will be no need for gold except to back the dollar.
BUMP
First to your senario: Yikes...
Second very true, they do play like it’s 1901. Those nuke thingys are just fiction.
Paul, or for that matter, any other elected in 08 may not have a chance to show what they could do. W is allowing the dollar to really tank.
Oil, as most experts are predicting should be hitting close to 100.00 dollars a barrell soon. That should equate to about 4.00 plus dollars a gallon. Lets hope mom and pop can afford public transportation or many other working stiffs as well.
I disagree with you 180 degrees on your economic take. Yes, there would be upheaval, as the Fair Tax and the gold standard took root, and the artificial crap that’s propped us up shook out. But it would happen slowly, not ‘the day after he was elected’. Let’s be honest though- this economy is based on fiat money and a larely fake market. We desperately need a dose of reality and a prioritization of genuine wealth.