Paul: Collapse of dollar, pay attention!

December 12th, 2008

Ron Paul is starting to get a lot of respect in the House. It is good to hear Dr. Paul talking about nationalisation and the $8 trillion in bailouts. He makes the point that we need to understand the true cost of a $15 billion bailout. If you provide $15 billion to a failing business, who are you preventing from having that $15 billion?

I say let the big three fail. There are many intelligent people who saw this coming and have invested for it. Those car factories will not remain empty and idle for long. Those car factories just won't be run by GM anymore. Sure, the transition will hurt but the other option is more painful. As Ron Paul points out, attention needs to be paid to the collapse of the US dollar.

I am certain we will soon see a drop in the value of the US Dollar that is so swift and fast, everyone will understand that it's because of the bailouts and government spending.

Filed in Economics, Politics

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