If you watch the above video, besides seeing why I love Dr Paul so much, please, please, tell me what does not make sense to you, if anything. I need to understand the thinking of the average person on these matters, so that I can understand how we got here. Did he say anything that makes you say, "No, you have it wrong, Ron"? And what can you tell me that will help me understand your point of view? Or did he mention things that you have an incomplete understanding of and therefore you cannot make a judgement call about the validity of his statements? Or did you understand it all and simply disagree with his conclusions?
I, personally, agree that our problems today in the area of the economy are due to a systemic breakdown that could be predicted, and was, long ago. It is the simple culmination of living beyond our means for far too long. The bills have come due and we have no money in the bank, or even under the mattress, to pay said bills. I mean, if our standard business practice is to borrow money to pay for the latest round of production, and to continually grow, how could no one see that it would all come crashing down one day? Whatever happened to saving the fruits of your labor, to protect against stormy days? How did we ever get to a place where we always buy today and pay tomorrow, and not see anything risky with that?
It is time to grow up! Don't spend what you don't have, period. I'm talking to you, America, and not just the people. The government has spent waaaaaaay beyond it's means for far too long and it has to stop. Yes, the system (fractional reserve banking) will crash if we do that. Yes, it will be ugly. But at the end of it all, we will be a saner, more sustainable world, where no one lives upon the back of another. Hard work is what brings you prosperity. You want more? Work more and harder. Isn't that the American Dream? If you work hard enough, you will be successful?