Monday, January 16, 2012

Actually, He's Not Far Off

Here's a quote:

“Federal Reserve policy will continue at an expanding rate with massive credit expansion, which will make the dollar crisis worse. Gold will be seen as an alternative to paper money as it returns to its historic role as money. Erosion of civil liberties here at home will continue as our government responds to political fear in dealing with the terrorist threat by making generous use of the powers obtained with the Patriot Act. … The Congress and the president will shift radically, expanding the size and scope of the federal government. This will satisfy both the liberals and the conservatives. Military and police power will grow, satisfying the conservatives. The welfare state, both domestic and international, will expand, satisfying the liberals. Both sides will endorse military interventionism overseas. … During the next decade, the American people will become poorer and less free while they become more dependent upon the government for economic security. … I have no timetable for these predictions, but keep them around and look at them in five to ten years. I hope and pray that I am wrong on all accounts.”  --2002 predictions of Ron Paul

The red-highlights are matters on which Paul was proved correct. 

The rest?  Some not true at all (the USD--and Treasuries--remain the safe harbors), or are worded carefully to be really a matter of perception, e.g., did "military power" really "grow"?  Recessions happen; so the American citizen may be "poorer," but hey--predicting a recession 'sometime' in 10 years is a sure bet.  Is Obama 'interventionist'?  Who knows?  Obama doesn't.

Anyhow, that was Ron Paul.

1 comment:

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