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Monday, December 22, 2008

Ron Paul and Peter Schiff: They were right then, they are right now

During the Ron Paul for President campaign, several YouTubers put together some rousing videos for a man who wasn't particularly eloquent, who didn't appeal to the politics of identity, whose personality amounted to a quiet, grandfatherly figure who was busy lamenting the loss of liberty in the past, and the loss of liberty to come through a financial collapse. Ron Paul didn't win. But Ron Paul, with Peter Schiff as his economic adviser, was right about the collapse. Schiff and Paul were right about the housing bubble, the credit collapse, and (I suspect) they're right about the disaster the Keynesian bailout packages will prove to be.

More recently, Peter Schiff has become something of a YouTube star himself. His predictions, on various financial shows, are summarized in videos like these ones, and are receiving 10s of thousands of hits. Here's the most recent video someone has put together:

Posted by P.M. Jaworski on December 22, 2008 | Permalink


The video URL is wrong.

Here's the right one:

Posted by: Jeff B. | 2008-12-22 2:28:51 PM

Thanks, Jeff B. -- I changed the URL to the right one.

Posted by: P.M. Jaworski | 2008-12-22 2:32:52 PM

Interesting piece from Rosemary Righter in today's Times.


Posted by: The Stig | 2008-12-22 3:15:06 PM

Some of RP's thoughts on financial fraud:

Government and Fraud

“Billions of dollars were recently lost in the collapse of Bernie Madoff’s self-described Ponzi scheme, in which too-good-to-be-true returns on investments were not really returns at all, but the funds of defrauded new investors. The pyramid scheme collapsed dramatically when too many clients called in their accounts, and not enough new victims could be found to support these withdrawals. Bernie Madoff was running a blatant fraud operation. Fraud is already illegal, and he will be facing criminal consequences, which is as it should be, and should act as an appropriate deterrent to potential future criminals. But it seems every time someone breaks the law, politicians and pundits decide we need more laws, even though lack of laws was not the problem…”

Click here to read the full article: http://www.house.gov/paul/index.shtml

Posted by: JC | 2008-12-22 6:04:29 PM

Ron Paul has been right on so many things that it is downright foolish to not listen to what he has to say.

It's sad when you imagine that there could've been an honest politician as president for once with a great financial advisor. Instead we're stuck with another president who's paid and bought for by the lobbyists.

Posted by: Eric | 2008-12-23 10:35:16 PM

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