People want to know what caused this crisis, and more importantly, how to fix it. Everything we’ve heard from our leaders in Washington has been wrong, and that is why the market is not responding to the “rescue package” (read: Wall Street bailout) and to the billions of new dollars being pumped into the system. Most in the media are more clueless than the leaders in Washington. What we’re seeing is a failure of the conventional wisdom of this country for the past century, and especially since 1971.
Other voices are out there, such as Ron Paul and Jim Rogers. They have an answer. My only hope is that people listen.
Ron Paul in 2012? - [Salon]
An excerpt:
That’s what this whole story is about, the end of a monetary system that we’ve had since 1971. And something has to give. You just can’t create more money out of thin air and propping up everybody.
It’s an immoral system. You’re asking the poor people to bail out the rich. You’re asking the innocent people to bail out the guilty. You’re asking people to just totally defy the Constitution because there’s no place in the Constitution that says that we can do these things.
And, besides, economically, it’s a disaster. This is going to cause a great deal of harm. It’s like a drug addict taking a strong fix, and he feels better for a day or two. But believe me, we’re going to kill the patient. And the patient here is the dollar system and our entire world economy.
And a great interview with Jim Rogers (hat tip Campaign for Liberty):
