Is Ron Paul a Doomsayer? ....

Ron Paul is not wrong. If you are not aware of this, you have been hiding with your head in the sand or you just can not face the truth of what has been done to us by our elected servants and their puppet masters in the Bankster world.

This has been and will continue to be all about the Benjamins for those who live in the rarefied atmosphere of the super rich and elite. Maybe someday it will sink in for you, real soon I think.

Guy comes out of nowhere (and I mean nowhere) to occupy the White House. Over the last 20 years, Laws passed for the sole benefit of the banksters. A setup for national and global meltdown with loosey goosey bankster regs and in some cases, no bankster regs.

Banksters, in the heady atmosphere of freewheeling banking, make incredibly bad loans at the behest of the federal government, in both the private sector and commercial market. Not with out a large portion of merrymaking by the banksters because of record profits.

They make so many loans so fast that they actually lose signed loan papers.

Fast forward to today. Banks have failed and continue to do so at a rate that is breathtaking to say the least. Over one hundred this year so far. Residential Loans have defaulted in record numbers and there are a significant number waiting to fail in 2010, millions more. Commercial properties are about to come crashing down in a loan default not seen since the Great Depression.

Jobs are disappearing so fast, they can not, or do not want to keep an accurate count. Many more this winter and next year. The REAL un-employment rate is somewhere North of 20%. The U-6 is at 17 plus percent.   Fraud is rampant in the stock and commodities markets. It is a Bear market right now for stocks, bonds equities etc. but it is going into a real Bear market just shortly. Paper commodities (in most cases fraudulent sales of commodities not held by the issuer) will explode.

The dollar is tanking. If you owned dollars, let's say $10,000 in 2003 you now have about $7500 in your pocket. This will continue in the next few months as the dollar is replaced as the predominant currency of the realm.  This is being pushed by;  in no small part, China and India.  Both are buying GOLD to the tune of billions.  

Right now we are beholden to China for artificially propping up the dollar because if it crashes, it is bad for them and the world. A gradual slide or evolution out of the dollar is best for them and it will continue this way unless China rabbits.

Of real concern is Japan's economy which is on the brink.   After years of bad fiscal practice, wild spending and lending practices similar to the US banks,  Japan is faced with a huge deflationary spiral from which there will be no recovery.    Japan;  right now, is in the worst recessionary period since WWII.  With a worsening economy,  Parliament trying to plug the holes in Japan's fiscal dam with half a trillion dollars,
Japan's banks are experiencing a significant increase in loan defaults and a huge loss in stability,  Japan, once considered as constant as the morning star is now being clouded over by a loss of liquidity and stability that scares those in the know, around the world.

Hey, a low dollar is great for exports/jobs but you will pay dearly for anything coming to our ports now. This is not to blame Obama's policies nor Bush's, not even Clinton's. Think back to 1972 and a visit to China by our then sitting President, Richard M. Nixon and his pal, Henry Kissinger way back in '71. This has been building for a looooooooong time now.

From Annex News Flash in 2004:

"If the Chinese or the Indians are willing to work for wages 10 times lower than the Americans without either government's intervention, more power to them.* But there is plenty wrong with duping the population of the world's once most prosperous country into becoming the global bankers' stooges.* And that's what successive Washington administrations and the acquiescent Congress have been doing (honorable exceptions noted).
After all, aren't national leaders supposed to defend national interests?* Evidently not anymore; not in this country, anyway; not in a plutocracy. With the increasing concentration of power in the hands of an ever smaller number of people, one cannot help but recall another lesson to be learned from history."
"Ancient Rome's Juvenal (a.d. 60-130) wondered about a similar situation some 20 centuries ago: "Quis custodiet ipses custodes?" ("Who will guard the guards?").* And that's our 2004 "beware of the Ides of March"-message."
(from "China Follies Revisited," Mar 2004)



So as the dollar tanks and I mean when it turns into Pesos, you should have been preparing for this event as well as extended unemployment and a whole host of other very sad and dangerous things that are coming down the pike.

So, no. Ron Paul is not a doomsayer. He is a truth bearer. It would do you all well to heed his warnings. If you are in stocks, get out. If you hold any ETFs for gold or silver or other commodities, get out and buy the real stuff and put it in your basement. If you have real-estate, prepare to lose 90% of it's current value in the very near future.

I am not happy to report this. I had planned for a much different future that included strolls on sunny beaches with my lovely wife and security both financially and personally. Well, there goes that idea.