So if Ron Paul was the savior why did he NOT warn us about what the liberals were doing to the economy. Seems to me he was far more concerned in stopping US from fighting barbaric uncivilized terrorists in their own sand pits, than preserving our economy.
I never paid much attention to Ron Paul especially went he ranted against the ‘war’, but I have no memory of him warning anybody about the looming housing bubble and the liberal bankers spreading toxic debt through out the economic system.
"Our spending habits, in combination with our flawed monetary system, if not changed will bring us a financial whirlwind that will make Katrina look like a minor storm. Loss of confidence in the dollar and the international financial system is a frightening possibility-- but it need not happen if Congress can curb its appetite for buying the people’s support through unrestrained spending.
If Congress does not show some sense of financial restraint soon, we can expect the poor to become poorer; the middle class to become smaller; and the government to get bigger and more authoritarian-- while the liberty of the people is diminished. The illusion that deficits, printing money, and expanding the welfare and warfare states serves the people must come to an end." -2005
"“Federal Reserve manipulation of interest rates and the money supply has created a perilous situation for millions of Americans,” Paul stated. “Rising interest rates may well cause housing prices to fall dramatically, leaving many homeowners who bought at the height of the bubble owing more than their homes are worth. Homeowners with adjustable-rate mortgages are especially vulnerable, as are those who used paper gains in real estate values as collateral for second, third, and even fourth mortgages. The Fed’s easy-credit policies are directly responsible for lowering creditworthiness standards and encouraging millions of Americans to overextend themselves. If trillions of dollars in housing equity disappear, no amount of Fed sorcery will keep record amounts of Americans out of bankruptcy.” -2004
He has been warning about it for some time. Pay no mind to them just cause you stuck your head in the sand while the times were good, doesn't mean he didn't warn about it.
“I have no memory of him warning anybody about the looming housing bubble and the liberal bankers spreading toxic debt through out the economic system.”
Then you haven’t been paying attention. Ron Paul has been trying to warn us for over 30 years:
http://www.freerepublic.com/focus/f-news/1944714/posts
September 19, 1984
SOME OBSERVATIONS ON FOUR TERMS IN CONGRESS
HON. RON PAUL of TEXAS
IN THE HOUSE OF REPRESENTATIVES
Mr. Speaker, I shall soon be leaving the House and have asked for this special order to make a few comments regarding the problems our nation faces and the actions needed to correct hem. Having been honored by the 22nd district of Texas to represent them for four terms, I have grown to appreciate the greatness of this institution. I only wish the actions performed by Congress in recent years could match the historic importance of this body.
(...)