Ron Paul : House of Cards
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http://www.ronpaul2008.com/issues
"For those who thought a Democratic congress would end the war in Iraq, think again: their new budget proposes supplemental funds totaling about $150 billion in 2008 and $50 billion in 2009 for Iraq. This is in addition to the ordinary Department of Defense budget of more than $500 billion, which
the Democrats propose increasing each year just like the Republicans." - Congressman Ron Paul M.D.
Tags for this video: democrat dollar economy edwards federal hillary iraq liberty mitt news obama paul republican reserve ron rudy tax war
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Financial collapses are catastrophic because they cause a severe contraction in the money supply. This contraction goes far beyond a normal adjustment because the dollar you put in the bank circulates among ten people after the banks lend it out. All of that is wiped out when the bank fails. Usi
ng a financial collapse to modify the system is like using a tidal wave for a drink.
A financial collapse will cause a severe contraction in the money supply and put us into a catastrophic depression. We can reduce our debt in a normal market correction the way we did after World War II without self-destructing.
We went 70 years without a major financial panic. Sweden successfully responded to a similar crisis in the 1990s. America waited too long and we may be thrown into a catastrophic depression as a result.