Since this thread talks about monetizing the coming real-estate mess and bailing out reckless borrowers and lenders…
I agree that Ron Paul is the only guy in Congress who has some backbone, and he is one of the few who would always stand up against such nonsensical ideas. He is always asking critical questions when Bernanke speaks, and without him I suspect the Fed would get away with even more deception.
Just look at the issue of inflation. Ron Paul correctly points out that only the continuous creation of money and credit leads to inflation, and which is way higher than 2-3%. That quotes rate is however what many retirees’ and other people’s pay is tied to, so they are continuously getting squeezed. Talk about disgust, at the same time members of Congress vote themselves a much higher pay raise for their own retirement. A program Ron Paul abstains from.
Like him or not for president (which obviously he has hardly a chance of winning), I appreciate his honesty so much that I gave him the maximum contribution for his campaign. I seriously hope he will stick around, or that more politicians like him emerge.
They incidentally called me back and invited me to a small dinner group where he will show up. So I can ask him what he thinks about housing bailouts etc.
He might also show up in Irvine if we can keep a high standing in his competition.
I really think this guy deserves support for everything he taught me and what he has stood up for.
