Cyberspace has been thick with forecasts for 2015. In the old media, copious amounts of ink have been spilled on predictions for the New Year.
But few predictors have the track record of Ron Paul. Authoritative figures of the governing classes as august as Alan Greenspan and Ben Bernanke failed to see the biggest economic cataclysm since the Great Depression as it bore down on us. Nobody saw it coming, said Greenspan.
But Ron Paul did. In fact, he described on the floor of the U.S. House of Representatives in advance and with great precision the way the 2008 mortgage meltdown would develop.
And while we were being told that the 2003 Iraq war would be a “cakewalk” (Donald Rumsfeld offered that “it could last, you know, six days, six weeks. I doubt six months”), Dr. Paul saw a morass ahead with a long chain of negative economic and geopolitical blowback — the very consequences we are facing today.
|Few predictors have the track record of Ron Paul.|
So with that in mind, it makes abundant sense to pay close attention to Dr. Paul’s outlook. This is a pivotal moment, he writes, because “reality is now setting in for America and for that matter for most of the world.”
Since our beat is money and the economy, I have selected a couple of informative observations on the subject from his Predictions for 2015:
“Tax revenues will continue to rise, aiding the policy of the government spending the people’s money rather than those who earned it. Regulations, even with (or maybe especially with) a Republican Congress will continue to increase and make the Federal Register more incomprehensible. Friction between the middle class and the one percent, many of whom are living off government privileges, will escalate further and be reflected in confrontations especially in the large cities. Financial currency controls will continue to expand especially with cross-border transactions … .
“A major geopolitical or economic event, greater than the crisis of 2008, is fast approaching. The precipitating event will be a surprise to the majority of politicians and economists. There are many ‘next shoe to drop’ possibilities, and one could happen any time or any place.
“Wall Street will be protected, and the trillions of dollars of big banks derivatives will be absorbed by the Fed, the FDIC, and ultimately by the American taxpayers in the next financial crisis. There’s no doubt the poor will get poorer and the rich richer until the spirit of revolution in the people calls a halt to the systematic destruction of freedom in America.”
It’s not that Ron Paul is some sort of seer, a Nostradamus for our times. It is instead that his predictions are based on sound economics in which productivity is seen as the true source of wealth, rather than monetary shenanigans. It is a view that understands that we can’t spend our way to prosperity, as the Keynes dogma of our age presumes. It insists that spending has to be paid for and that debt has consequences.
These are concepts that are foreign to Washington politicians and to academic institutions typified by the Princeton economics department that bequeathed us both Paul Krugman and Ben Bernanke. But if they make sense to you, you may find it profitable to pay close attention to Dr. Paul’s new predictions.
Having followed Ron Paul for a very long time, I can say that this comprehensive report is one of the finest and most important things he has written. You can read his Special Report and 2015 Predictions in their entirety here.