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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsU.S. Could Collapse Like Soviet Union, Ron Paul Says
U.S. FALLING APART LIKE SOVIET UNION COLLAPSE, RON PAUL SAYSBY JESSICA KWONG ON 12/29/17 AT 4:24 PM
Libertarian Republican leader Ron Paul said that the American system under President Donald Trump is coming apart and that the booming economy this year is a bit of an illusion.
Were on the verge of something like what happened in '89 when the Soviet system just collapsed, the former Texas congressional representative told the Washington Examiner on Tuesday. Im just hoping our system comes apart as gracefully as the Soviet system.
Paul said that a potential breakdown of the U.S. system due to underlying debt, inflation and inequality could result in a new monetary policy.
The countrys feeling a lot better, but its all on borrowed money, he said. Its a bubble economy in many, many different ways and its going to come unglued.
Paul added that he expects that the U.S.s footprint abroad will change.
more
http://www.newsweek.com/us-falling-apart-soviet-union-collapse-ron-paul-says-765687
FreepFryer
(7,077 posts)Dr Hobbitstein
(6,568 posts)Historic NY
(37,454 posts)trying to keep up. We're outspending ourselves on many fronts while giving the 1% huge tax breaks. Instead of banging the filthy rich by increasing taxes on them to 40% we throw away money. The Chinese are now offering US companies there tax breaks.
pangaia
(24,324 posts)dalton99a
(81,637 posts)delisen
(6,046 posts)by slashing taxes for the super rich.
I thing Ron Paul and family may be actively betting against us.
Iliyah
(25,111 posts)Takket
(21,644 posts)MineralMan
(146,338 posts)He's helping to make it collapse. Come upside his head a couple of times and knock some sense into him, OK?
still_one
(92,454 posts)to be bailed out during the financial collapse under bush, which without a doubt would have sent the country in many years of a full scale depression, which many would have never recovered from, and many more would have lost their jobs since he was against bailing out of the American Auto industry. This crack pot is against any regulation, and believes the Federal Reserve should be abolished.
As an aside:
Ron Paul voted against Rosa Parks being awarded a Congressional Gold Medal in 1999, and characterized Martin Luther King as a "world-class philanderer"
Thanks Newsweek for giving us this losers view points. I won't be surprised if you decide to feature the economic thoughts of David Duke next week
appalachiablue
(41,182 posts)Zoonart
(11,887 posts)Cheer-leading the end of the Republic. Who knew?
*sarcasm*
matt819
(10,749 posts)Libertarian? Okay
Republican? Why not?
Leader? Of what?
underpants
(182,950 posts)Cicada
(4,533 posts)DemocratSinceBirth
(99,716 posts)I don't know if that leads to disintegration or not.
duforsure
(11,885 posts)Especially if they are propping up the markets, and the dollar .
Baitball Blogger
(46,769 posts)David__77
(23,558 posts)Trump represents a last gasp of something, indeed.
roamer65
(36,747 posts)We have a shitpot of nukes. Who gets them?
JHB
(37,163 posts)...by claiming that what he actually did was defraud his subscribers?
RealityChik
(382 posts)Except legalizing pot?
His opinion isn't worth squat!
JHB
(37,163 posts)He's spent his entire political career supporting the very forces that might bring that about, and railing against counteracting forces.