Ron Paul on Gaza and the U.S. Economy

 

I’ve been pretty quiet about the conflicts around Israel. I don’t really want to get bogged down at the moment in a discussion that always ends up invoking Godwin’s law. I will go so far right now as to say that I agree with Ron Paul on the matter. He seems to be claiming that the U.S. knew weeks in advance that the attack was going to begin. I’m not surprised in a general sense if this is true, but I always figured if the whole of congress knew, it would have been leaked early.

He is right to be more worried about inflation than deflation. Deflation may be the current issue, and if nothing is done about that, we are likely in for a long drawn out recession, but the things they have set in motion will end up causing hyper-inflation in the end. I don’t mean to make deflation seem like a lesser threat; the problem is, deflation is a lot easier to counter than inflation, just print money. We have already printed more than enough to fix the problem, but the government and banks are still keeping it out of circulation. Sooner or later they will have pulled all the strings they can pull and then we will be at the mercy of what is left of the global free market. At that point, deflation won’t be the worry.

I found the video via The Osterley Times. They are a self described left wing blog, whatever that even means any more. The site focuses heavily on very current events, providing relevant commentary and video. If they can find common ground with Ron Paul, they are Ok by me.