At our request, William Bernstein, an investment manager at Efficient Portfolio Advisors in Eastford, Conn., reviewed Rep. Paul’s portfolio as set out in the annual disclosure statement. Mr. Bernstein says he has never seen such an extreme bet on economic catastrophe. ”This portfolio is a half-step away from a cellar-full of canned goods and nine-millimeter rounds,” he says.
Ron Paul is a realist. He knows if that list of US problems isn’t addressed forcefully then the US is doomed. The rich folks in the US know that too, that’s why they’re hoarding wealth instead of creating jobs for unemployed Americans who are too expensive to hire. Ironically the illegal immigrants will do well because they’ve always been happy to take the jobs Americans didn’t want, and for cash under the table.
Ron Paul is the only Conservative running in that Republican race:http://www.thenation.com/blog/165290/why-do-gop-bosses-fear-ron-paul
I was avoided by former friends when I supported the Reform Party and later the Canadian Alliance, here in the Yukon. I even lost a job because I was not ‘socially advanced’ enough for my bosses.
In 2004 the Canadian Alliance (with leader Stephen Harper) had 5 or 6 paid members – we could not find a ‘Conservative” to run for MP in the election!! The same folks now line up to press the flesh of any Conservative MP when they come to town to visit. They were nowhere in sight a few short years ago! I was the only member of the executive of the Reform Party when the PC’s and Alliance merged; the rest had quit in resignation!
Times change, people change their minds.
MSM are desperate to discredit the best man in the race because the bigshots have placed their bets in another bucket – MSM is speaking for the boys that pay their bills. I think the key is to not dismiss Ron Paul before you have given yourself a chance to at least try to understand what he is saying – read the link then think.
Mitt/Newt ‘studied’ in France when America was drafting boys their age to fight in Viet Nam. The Fwench edumacation is evident, IMO. Lead from behind the soldiers, wear no uniform, side with the winners of the battle. Never risk a hair on your chinny chin chin for anyone else! Ron Paul is a much better friend to Israel than either of those two yahoos Ron Paul can be trusted keep his word – he will get USA out of Bibi’s way. Ron Paul knows Israel has been more often than not hamstrung by America and the UN, Israel has a mighty fighting force – think 6 Day War.
Good points from Mike in Calgary.
Ron Paul hasn’t been wrong on the economy in a long time. Canned food and 9mils? Bet on it. America is headed for a LOT of pain.
Ron Paul is right to bet on gold.
Gold is a currency that does not pay interest. As such it competes with all the other currencies. When people are confident in the other currencies gold goes down against them because it does not pay interest. When people start to loose confidence that their fiat money will hold its purchasing power they buy gold to fulfill that role and gold goes up.
We are currently in a currency war where no government wants their currency higher than the next country and they are creating more money to keep that from happening. They call it quantative easing and gold will continue to go up until they stop printing money and restore confidence in the paper. The 1% get this and have gotten richer in the last decade by beting on commodities and gold the rest just mimic the MSM and say he is crazy.
Occupy Twin Falls Idaho!
Perhaps Ron Paul is crazy, but his platform is finding traction amongst people that have seen their Congress bought and sold, have their economy controlled by an unaccountable bank consortium, their futures mortgaged, their property values pummelled, their media relegated to propaganda organs, lied to about weapons of mass destruction costing the lives of sons and daughters, a man with a shrouded history elected president, their jobs stripped away and moved overseas, an increasingly militarized internal police force, a perjurer running DOJ,…
And what are they offered? Mittsame or Newtsame. More of the same.
I believe the populace has awakened, has gained a much better understanding of the mechanisms which have eroded their security and placed the future of their offspring in doubt.
Any candidate that has the fortitude to stand before the American people, and tell it like they see it, refusing to offer yet another act in a failing Kabuki play, is going to enjoy the ear of the public.
It’s the message, And so far, only Dr. Paul is offering anything remotely appealing to the awake among our American friends.
Loki, I am green with envy over your .50 cal. You should try 8mm Schnauzer, its got a bite to it. 🙂
Nice to see Ron Paul walks his talk. I see nothing crazy in shorting the US dollar and the world economy in general. Its -obviously- being manipulated, particularly the stock market.
However Dr. Paul’s views on Israel (and foreign policy generally) are completely wrong. You don’t walk away from the only Western democracy in the Middle East and leave them to the Islamists over Libertarian ideology. And you don’t abandon the Jews to genocidal maniacs -again-. Those are two separate moral imperatives that Ron Paul seems not to consider in his arguments.
The USA desperately needs a smaller government that spends less and does less. It does NOT need to return to Isolationism and abandon its few friends in the world.
So Ron Paul gets some brownie points on economics but loses them all on common decency.
The USA is screwed. Ultimately. As in “Rome” screwed.
the USA’s only chance is Ron Paul. Seemingly, most opponents of Paul cite his refusal to subsidize Israel, while they remain curiously silent regarding his refusal to subsidize Haiti, North Korea, PBS, MoveOn.org, Acorn, or Attawapiskat.
The USA is broke. Defund them all: “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury.”
The unproductive USA’s main export is security, but unfortunately more money goes out than comes in. And it’s been like that for decades. Financial manipulation and tricks used to fund the gluttony are becoming exhausted. China builds aircraft carriers and tankers, Russia builds the world’s largest missiles, and the USA sees 13 consecutive quarters of financial stagnation which cannot fund a welfare state *AND* the overextension of 1.4 million Crown Corporation employees. (Oh, Oh, I mean “military”.. sorry to offend half the posters on this board)
Bury your heads in the sand. Vote for Mitt Romney. Sink the USA’s debt towards 17, 18, 19 trillion. Then think about Israel.
Mr. Knight, Obama was a lawyer who taught constitutional law. That’s a slightly different thing from being a “constitutional lawyer”.
And your offer to John Brooks is very kind, but I suspect that he has no real use for a speck of rust. Thoughtful of you, though.
Ron Paul’s portfolio puts far too many eggs in the gold basket for anyone who relies on their investments for retirement income. Ron Paulisn’t playing it safe; he’s speculating.
I wonder what Ron feels will happen to his portfolio if a party unknown detonates a nuke in, say, Kansas City MO?
ebt >
“Obama was a lawyer who taught constitutional law. That’s a slightly different thing from being a “constitutional lawyer”.”
I suppose I stand corrected.
It still doesn’t mean I have to like him any better, I think?
We do know he took time out from his tutelage at least at one point to sue City bank on behalf of Acorn for subprime loans for “disenfranchised youth” across America of course, but that may have been pro bono.
Let me take a load off your mind, Mr. Knight: no, you definitely don’t have to like him any better. I just think it helps to have a clear idea of what you dislike. Makes it easier to handle.
Depending on the interest rate enviornment gold and bonds are almost equivalent in safety. Bonds are as safe as the sovereign (pretty safe in U.S. terms) but carry significant interest rate risk when rates are low. Gold is even safer then sovereigns (no third party risk at all) still carries interest rate risk but with more upside potential in a low rate enviornment. As far as speculation? All investments except maybe cash are basically speculations in the current renviornment.