Posted on 11/26/2008 4:55:45 AM PST by Kid Shelleen
This video of Peter Schiff debating Arthur Laffer back in 2006 has been making the rounds on the web. Schiff was Ron Paul's economic advisor during Paul's run for the Republican presidential nomination this year. Paul lost that race, but just about everything he predicted has come true in the interim.
Paul's most depressing - in both the emotional and economic senses - prediction was that the U.S. couldn't maintain an economy based on the easy money flowing out of the Fed.
(Excerpt) Read more at blog.nj.com ...
Paul is an expert in protecting the shrimp industry. I’ll give him that.
50 million government-schooled illiterates, many of them voting.
Millions of fake ACORN votes.
An entrenched kakistocracy.
Ron Paul can't get elected until there is a massive cull of the herd which raises the average IQ by about 30 points.
Essentially that it's a profound misallocation of resources to have the US military chasing 6th century goatherders up mountains and trying to impose democracy on peoples who don't want it and can't handle it anyway, when we are simultaneously pumping billions into the Saudi economy every year and thereby undermining all of the military's efforts.
Paul's enemies very cleverly tap into an underlying and unthinking "America, love it or leave it, you Commie pinko fag!!!" attitude among conservatives to get them to brand his argument "treasonous" and change the subject away from the real treason going on at the Federal Reserve.
I don’t brand his argument treasonous—just misinformed, but, for the record, I don’t think you should fight a war unless you take territory either. We didn’t fight native Americans up into caves. We brought missionaries along with the soldiers, and we added new stars onto the union flag. Where I differ with Paul is in thinking that 9/11 could have been avoided by ignoring Islam. Unless you want to leave Israel stranded, and our interest in world oil supplies unattended, you have to understand that Islam is a threat to domestic tranquility economic growth.
Letting them kill each other, and if they attack us again, they'll be wiped out and left to rebuild their own cesspool.
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