Jim Rogers And Ron Paul Video Interviews

Here are two interviews that I found interesting. Although I don't necessarily agree with all of the views voiced by Jim Rogers and Ron Paul, I think both interviews are well worth watching.

Here is the Jim Rogers interview (length 5:20), titled "What Recovery? America's Problems 'Getting Worse, Not Better,' Jim Rogers Says" on Yahoo Tech Ticker December 10, 2009:

http://finance.yahoo.com/tech-ticker/what-recovery-america's-problems-%22getting-worse-not-better%22-jim-rogers-says-388223.html?tickers=SKF,XLF,FAS,FAZ,%5EDJI,%5EGSPC,UUP

Here is the link to the Ron Paul FoxBusiness.com interview (length of 8:56) of December 16, 2009 in which he responds to Ben Bernanke being named Time Magazine's Person of the Year:

http://www.youtube.com/watch?v=O3q3UUi0IDQ




SPX at 1102.47 as this post is written

Ron Paul On The U.S. Dollar

One of the facts that Ron Paul frequently quotes is that since the Federal Reserve's inception (it was created in 1913) the U.S. Dollar has lost more than 95% of its purchasing power.

I wonder how many people are actually concerned by this occurrence? I hardly ever hear this discussed among people or by the media.

They should be very concerned, however...



SPX at 1105.61 as this post is written

Ron Paul - "Be Prepared for the Worst"

I would like to comment on a commentary by Ron Paul in the November 16 edition of Forbes. It is titled "Be Prepared for the Worst" and subtitled "The large-scale government intervention in the economy is going to end badly."

The commentary can be found at this link:

http://www.forbes.com/forbes/2009/1116/opinions-great-depression-economy-on-my-mind_print.html

While I don't agree with everything that Ron Paul says, I did find this commentary to be very interesting and well worth reading. Here are some excerpts that I found particularly noteworthy:

"A false recovery is under way."

also:

"This is nothing less than the creation of another bubble. By attempting to cushion the economy from the worst shocks of the housing bubble's collapse, the Federal Reserve has ensured that the ultimate correction of its flawed economic policies will be more severe than it otherwise would have been."

also:

"What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years."



SPX at 1095.85 as this post is written

A Notable Quote From Ron Paul

On Wednesday The Wall Street Journal ran a story titled "Anti-Fed Activists Fuel Push for Audit":

http://online.wsj.com/article/SB125305951231914071.html

One quote from Ron Paul really caught my attention:

"The Fed will self-destruct," Mr. Paul said in an interview. "This economy is going to get worse and this dollar is going to get a lot worse."

I found "The Fed will self-destruct" phrase to be most interesting. I'm not sure what he means by this - perhaps he elaborates on this in his book "End the Fed" - but I think the phrase is worthy of contemplation. Its connotations are massive, should Ron Paul prove correct...

SPX at 1066.04 as this post is written