Do you think that the economy will magically get better after the next President is elected?

Nope.

Because the majority of the sheep out there are voting for people who have no clue about the economy.

Ron Paul is the only candidate running who has a CLUE about our economy.

He's been predicting this economic downfall for years. He's a senior member of the House Financial Services Committee. He got involved in politics when Nixon took us off the gold statndard back in 1971. He knew that when we went off the gold standard it would only be a matter of time before the Federal Reserve caused another Great Depression. And now it's happening.

In the words of Ron Paul:

Recently I had the opportunity to question Federal Reserve Chairman Ben Bernanke when he appeared before the congressional Joint Economic committee. The topic that morning was the state of the American economy, and many of my colleagues raised questions about how the Fed might better "regulate" things to ease fears of an economic downturn. The tenor of my colleagues' questions suggested that Mr. Bernanke's job is nothing less than to run the U.S. economy, like some kind of Soviet central planner.

Certainly it’s true that Mr. Bernanke can drastically affect the economy at the drop of a hat, simply by making decisions about the money supply and interest rates. But why do members of Congress assume this is good? Why do we accept without objection that a small group of people on the Federal Reserve Board wields so much power over our economic well-being? Is centralized, monopoly control over our money even compatible with a supposedly free-market economy?

Few Americans give much thought to the Federal Reserve System or monetary policy in general. But even as they strive to earn a living, and hopefully save or invest for the future, Congress and the Federal Reserve Bank are working insidiously against them. Day by day, every dollar you have is being devalued.

The greatest threat facing America today is not terrorism, or foreign economic competition, or illegal immigration. The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch – Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference – that threatens to impoverish us by further destroying the value of our dollars.

The Fed’s inflationary policies hurt older people the most. Older people generally rely on fixed incomes from pensions and Social Security, along with their savings. Inflation destroys the buying power of their fixed incomes, while low interest rates reduce any income from savings. So while Fed policies encourage younger people to overborrow because interest rates are so low, they also punish thrifty older people who saved for retirement.

The financial press sometimes criticizes Federal Reserve policy, but the validity of the fiat system itself is never challenged. Both political parties want the Fed to print more money, either to support social spending or military adventurism. Politicians want the printing presses to run faster and create more credit, so that the economy will be healed like magic – or so they believe.

Fiat dollars allow us to live beyond our means, but only for so long. History shows that when the destruction of monetary value becomes rampant, nearly everyone suffers and the economic and political structure becomes unstable. Spendthrift politicians may love a system that generates more and more money for their special interest projects, but the rest of us have good reason to be concerned about our monetary system and the future value of our dollars.

Ron Paul - April 10th, 2007

Ron Paul has been saying this for decades. Allowing the Federal Reserve to control interest rates (instead of the market itself), and having a dollar backed by NOTHING, by definition causes inflation.

Inflation is a TAX on the middle class and the poor. Low interest rates helps the people at the top of the "money pyramid" at the expense of the people at the bottom. Imagine how it would be to save all your life for retirement, and suddenly, in less than 5 years, the value of your savings is 1/2 of what it used to be.

AL FIAT MONEY SYSTEMS FAIL. Every one, throughout history.

More info...

Here's Ron Paul schooling Bernanke just last month...

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

http://www.lewrockwell.com/paul/paul53.h...

http://www.lewrockwell.com/hornberger/ho...

http://www.lewrockwell.com/paul/paul436....

And personally, I think he would make a great president. He's right about every REAL issue affecting Americans today...

The war.

The economy.

Abolishing the income tax along with the Fed.

Our rights and freedoms being stolen.

Globalization and the upcoming North American Union.

The fact that we ignore our Constitution more and more every day.

And the big one...

He CANNOT be bought. All the other CFR shills running have been bought and sold many times over. Wake up America!

No, same mess. extra conflict. it incredibly is controversial no remember if a sparkling conflict might stimulate the monetary device yet we haven't any adversary solid sufficient. McCain might have inherited a bursting bubble, this loss is honestly sturdy for the republicans. while Obama fails at bounce commencing the monetary device and he will (or a minimum of thats what it is going to look like, it takes some years for policies to get closer the fact on the floor) the republicans or despite social gathering springs up from all of this government hatred will attain some super advantages of the political temper. McCain threw the race while he chosen Palin, to no longer point out McCain has been a democrat longer than Barack Obama. If I had to wager what he might have accomplished, i might say McCain might have legalized the 30 million illegals right here and we'd have had a revolution faster extremely than later.

No. The invisible hand approach favored by free market Republicans doesn't work, and the regulatory approach favored by Democrats is an antiquated patchwork of agencies who do not communicate or coordinate with one another.

It will take years for the financial economy to recover its lost capital and prestige. The real economy in America is in better shape even with the housing and construction sectors in the dumper. But a prolonged credit squeeze will affect all American businesses. Worse, it will restrict those businesses that are stronger from growing because of the lack of credit. (CIT, for example, appears headed into bankruptcy, which will mean a loss of credit for many small and medium sized companies across the board.)

It will take another 18 months for the US economy to hit bottom, at best. I don't even want to contemplate the worst case scenario, but I will have to consider that when I decide which candidate deserves my vote in November.

Bernanke is a puppet! Controled by Rothschild Banks of

London&Berlin,Warburg Banks of Hamburg&Amsterdam,

Lazard Bro's of Paris,Israel mosis Seif of Italy and a few

NY Banks. McCain is these peoples dream, ie.100 years

of debt. I'm confident this freefall is not an accident.

Notice Bear Stearns (consolidation toward one of the

aformentioned foreign freindly banks) Paul is correct!

Obama folks are the loudest.

Screwy thought?

not unless they : reinstitute regulation in the banks and utilities ; repeal nafta , carta , wto , gatt , etc to bring back jobs . also the Commerce Dept could revoke china's Most Favored Nation trading status (why support commie , child , slave labor?)and put high tariffs on imported goods . of course this would P O the corporate capitalist piggies , so it will never happen .... perhaps raise taxes back to the pre - Reagan top bracket of 70% for millionaires , just till we pay off the war debt of 3 Trillion . basically reverse everything bush 1,clinton , and bush2 did . Dow will bottom at 8400 .

No, but that is the way of the class warfare system in this country.

My thoughts are prepare for the worst and hope for the best. I do very little credit card buying and save as much money as I can.

I don't believe the lies of the credit card companies - about having it all now - because it has to be paid for later and and they hope you have their interest rates to pay.

I hope you become better consumers too. Don't fall for the lies of corporate America and the politicians.

I am getting into raising more vegetables, berries and herbs. I am expecting blueberry and raspberry plants to come in in April.

No. Only when US troops withdraw from Iraq and other places outside the US, is the US economy likely to get better.

No. I don't believe in miracles but I'm also very sure continuing the failed policies that brought us here will not solve the problem.

Nope its all downhill from here. We are going to be a third world country before we know it. READ MY LIPS!

Nope. It took many years to get into this problem, and it'll take many years to get out of it. There is no magic fix.