Ron Paul On The Fiscal Cliff: "We Have Passed The Point Of No Return"

Tyler Durden's picture




 

In a little under three minutes, Ron Paul explains to a somewhat nonplussed CNBC anchor just how ridiculous the charade that is occurring in D.C. actually is. This succinct spin-free clip should be required viewing for each and every asset-manager, talking-head, propagandist, and mom-and-pop who are viewing the last-minute idiocy of the 'fiscal cliff' debacle with some hope that things will be different this time. "We have passed the point of no return where we can actually get our house back in order," Paul begins, adding that "they pretend they are fighting up there, but they really aren't. They are arguing over power, spin, who looks good, who looks bad; all trying to preserve the system where they can spend what they want, take care of their friends and print money when they need it." With social safety nets available to rich and poor, there is no impetus for change and "the country loses," but Paul concludes, the markets are starting to say "there is a limit to this."

 

Forward to 5:45 for the Ron Paul interview (ignore everything else)

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Sun, 12/30/2012 - 08:53 | 3106199 GetZeeGold
GetZeeGold's picture

 

 

I'm pretty sure MDB has never claimed that.

Sat, 12/29/2012 - 21:05 | 3105678 Lewshine
Lewshine's picture

He is already President ya dumb shit!!

Sun, 12/30/2012 - 10:26 | 3106282 GMadScientist
GMadScientist's picture

But we're arguing about terms 3-6

Sat, 12/29/2012 - 16:01 | 3105032 Ralph Spoilsport
Ralph Spoilsport's picture

"gasoline prices are highly favourable for American consumers"

(A UK spelling of favorable)

I apologize for not apologizing NOW. Sorry guvnor.

Sat, 12/29/2012 - 16:35 | 3105117 Motorhead
Motorhead's picture

Ralph Spoilsport...lol..."Factory air-conditioned air from our fully factory-equipped, air-conditioned factory"!

"Uh, that's Agnes Morehead...."

Sat, 12/29/2012 - 16:50 | 3105161 knukles
knukles's picture

I say, Watson. I didn't know they sold coke in cans in this country.

Sat, 12/29/2012 - 20:13 | 3105569 clymer
clymer's picture

nice catch. My guess, he is an aussie

Sat, 12/29/2012 - 16:02 | 3105034 akak
akak's picture

Make me not laugh.

For sheer insanitation and side-splitting, blobbing-up trollery, AnAnonymouse has you beat by an 'american' Chinese mile.

Sat, 12/29/2012 - 16:04 | 3105038 Salon
Salon's picture

But ananonymouse has no finesse.

Sat, 12/29/2012 - 16:41 | 3105135 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous has the finesse of a Chinese citizenism roadside stoolagmite, blobbing up like an arctic pingo.

Sat, 12/29/2012 - 17:03 | 3105194 akak
akak's picture

In US 'american' Eskimo Indo-Antarctican Chinese citizen arctic pingoism, AnAnnoyingUs is the anaq on the side of the dogsled trail.

Sat, 12/29/2012 - 17:14 | 3105231 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous, the Chinese citizenism anaqcicle of the frozen Tibeten roadsides.

Sun, 12/30/2012 - 00:39 | 3106012 Element
Element's picture

he has a point there

Sat, 12/29/2012 - 16:04 | 3105041 Ralph Spoilsport
Ralph Spoilsport's picture

True akak, and that is the mattering thing.

Sat, 12/29/2012 - 16:07 | 3105045 akak
akak's picture

Indeed, it is the crustiest bit, very much something.

Sun, 12/30/2012 - 10:30 | 3106285 GMadScientist
GMadScientist's picture

When a party official has the police pull you over and attempts to shit in your mouth (as a test of loyalty, of course), but fails due to the vagaries of the tibetan clime and it instead freezes in place. Whatever you call that little cone...AnAn is the crust that forms on the outside edge...like a well-made brulee.

 

Sat, 12/29/2012 - 16:02 | 3105035 Salon
Salon's picture

Lol. MDB is a classic.

A troll pretending to be a fake troll.

I love it.

He is also owner of gunslinger, robotrraders mom, and that naive goofy hispanic lady. I forget her name.

Sat, 12/29/2012 - 18:12 | 3105348 CrockettAlmanac.com
CrockettAlmanac.com's picture

Sotomayor?

Sat, 12/29/2012 - 23:57 | 3105961 Blano
Blano's picture

Thank you for the Saturday night belly laugh.

Sat, 12/29/2012 - 16:08 | 3105049 ebworthen
ebworthen's picture

LOL...you used "green shoots". 

+1 for that, and another if you sprinkle "mustard seeds" somewhere else.

I remember people saying things like this in late 2007 and early 2008.

Lots of good video clips out there about the strong housing market and AIG and Lehman being financially sound.

Lather, Rinse, Repeat.

Sat, 12/29/2012 - 16:20 | 3105070 spinone
spinone's picture

Subprime is contained

Sat, 12/29/2012 - 16:23 | 3105077 akak
akak's picture

... and will not spread to the broader economy, which is fundamentally healthy.

Sat, 12/29/2012 - 16:36 | 3105124 TheFourthStooge-ing
TheFourthStooge-ing's picture

"Goldilocks economy!" </kudlow>

Goldilocks is a US of America 'american' US citizenism citizen that extorts poor farmers every week. The three bears are illegal immigrants from Albanada.

Sat, 12/29/2012 - 16:55 | 3105167 akak
akak's picture

Does a Chinese citizenism bear shit on the side of the road?

Alas, alas, "this one is just right" alas. 

Just have to bear with it.

Sat, 12/29/2012 - 17:18 | 3105239 TheFourthStooge-ing
TheFourthStooge-ing's picture

Ah, ah, Chinese citizenism bear with it. After roadside squat, Chinese citizenism bear without it.

Sun, 12/30/2012 - 10:32 | 3106289 GMadScientist
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Bandini!

Sat, 12/29/2012 - 16:28 | 3105087 Vegamma
Vegamma's picture

Recovery Summer

Sun, 12/30/2012 - 10:31 | 3106288 GMadScientist
GMadScientist's picture

Only green shoots I see come up through rockwool cubes.

Sat, 12/29/2012 - 16:30 | 3105095 The Joker
The Joker's picture

I'm sorry.

HA HA HA HA HA HA HA HA HA HA HA HA  HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA!

Sat, 12/29/2012 - 16:43 | 3105143 WhiteNight123129
WhiteNight123129's picture

MDB is the mascott of Zerohedge, without him zerohedge blog would miss its own newspeak and Orwellian flavor. The weekly ration of chocolate has been increasing to 25 grams!!!

 

Sat, 12/29/2012 - 17:28 | 3105268 tawse57
tawse57's picture

Sadly, I bought into all the rubbish about markets collapsing in 2012 this time last year - and missed out on great stock returns.

The paranoid doomsters with their basements full of automatic rifles and their gold and silver coins buried in plastic tubes in the forest have been proved to be consistently wrong.

The problem with the internet is that people go to websites that reinforce their own views - so all the gun-touting end of the world doomsters with their silver and gold flock to the same sites and pat each other on the back when someone utters some doom prophecy.

All this nonsense about the US falling apart, revolution in the streets, etc, etc - get a passport and go see what life is like in Syria or the Congo and then actually realise that being born in the US is one of the luckiest things that can happen to you.

The markets may dip on the fiscal cliff in early January but it will be a BTFD moment again most probably.

Sat, 12/29/2012 - 18:19 | 3105366 CrockettAlmanac.com
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Your great stock returns are at the Alamo. In the basement.

Sat, 12/29/2012 - 19:54 | 3105526 SilverIsKing
SilverIsKing's picture

So what has Tawse done to position him/herself for the recovery?

Sold silver & gold, guns & ammo, MREs?

Good luck with that.

Sat, 12/29/2012 - 20:17 | 3105574 clymer
clymer's picture

Have you been watching me head into the forest with binoculars or something? Friggin stalkers.. 

Sun, 12/30/2012 - 08:57 | 3106201 GetZeeGold
GetZeeGold's picture

 

 

The only way you didn't earn a return on equities this year is because you were smokin dope in the basement of your mother's  house.

Sat, 12/29/2012 - 20:03 | 3105542 SilverDOG
SilverDOG's picture

tawse57,

 

Sadly your patience is lacking.

Go and join with the others, who worship as they are told to.

Please reassure your beliefs, with MSM/CNBC, as it must always be correct.

Swallow your pride, admit you were wrong, rejoin the Matrix.

 

 

Sun, 12/30/2012 - 01:48 | 3106068 stuckonarock
stuckonarock's picture

But you cannot SEE the matrix until you step outside of it, your eyes cannot see your eyes,  Maybe Zerohedge is a type of mirror ?

Sat, 12/29/2012 - 20:10 | 3105558 yogibear
yogibear's picture

You best time to buy is when the sentiment strongly negative. If there is any type of agreement you'll miss your chance because they will rally the market  back up.

 

Sat, 12/29/2012 - 20:22 | 3105583 Being Free
Being Free's picture

Sadly, I bought into all the rubbish

Just another fucking victim.  If you wait to be spoon fed, instead of thinking critically for yourself you're doomed to slavery.  It doesn't mean shit that a colapse didn't happen in "2012", and it won't mean shit if it doesn't happen in "2013".

The clouds are gathering brother.  Take advatage of the extra time to be prepared.

Sun, 12/30/2012 - 00:56 | 3106025 Element
Element's picture

He's pretty funny, dude sooks because his brain's so baked that he listened to others instead of doing his own independent thinking and acting, then blames everyone for why he did nothing intelligent and personally fucked-up evey 'opportunity'.

ROFLMAO!!! ... I feel so guilty ... no, not really

Sat, 01/05/2013 - 16:39 | 3125624 MeelionDollerBogus
MeelionDollerBogus's picture

Maybe you took "zero" hedge too literally - you can actually hedge your trades, go long the market & get some cheap insurance that has a small loss of itself except in tail events. e.g. let's say I get 10 shares vxx for every 50 to 100 shares SPY, just being very simple about it. vxx vs spy 01 zoomed out, see http://flic.kr/p/daxu6H  Shares don't expire but if you think you're clever you can buy SPY puts on the way up while buying SPY shares. Obviously you can lose but sometimes you can accurately hedge it.

"their gold and silver coins buried in plastic tubes in the forest have been proved to be consistently wrong."

So far, not so much. Apparently 2008 & 2012 down-swings have fooled you into thinking that short-term matters when in fact from 2009 to 2012 is a move on gold of 650 to almost 3x that price and it's still more than 2.5x that price, silver was TEN (10) per ounce and is still almost 3x that price at the lowest now.

You think that sounds like regret or mistake? Do you?

Basements full of ammo & regular (cough, large size) clips & mags are now what? Well-stocked in a shortage AND able to resell at a higher price than previously, good for CASH OR BARTER.

The problem is what?
Hm.

How exactly does math work in your brain? Am I being too cruel or is this a fair set of questions?

Sat, 12/29/2012 - 18:36 | 3105388 Dark Meadowlark
Dark Meadowlark's picture

Exactly MDB

Where is the freaking collapse we were promised? I thought the FED was going to fail with QE and the bond market was going pop? Face the fact Bernanke saved us from a Great Depression already! Quit worrying about economic collapse. We now have a future in this country thanks to the FED and others.  US is not Greece!

Sat, 12/29/2012 - 23:20 | 3105911 Imminent Crucible
Imminent Crucible's picture

"US is not Greece!"

Well, at least you got one thing right. Greece's entire population is roughly equal to Chicago. Greece doesn't have a Bernanke, or a Geithner, or a TRIFFIN DILEMMA.

Greece also doesn't have $7 trillion of its money stock floating around in other countries, waiting for the signal to return home and disrupt markets catastrophically.

Sun, 12/30/2012 - 10:33 | 3106291 GMadScientist
GMadScientist's picture

Greece can't also dictate the price of the most important resource on Earth or hold creditors hostage with thermonukes.

 

Sat, 01/05/2013 - 16:29 | 3125602 MeelionDollerBogus
MeelionDollerBogus's picture

no but drone-strikes keep hitting Pakistan and they DO have nukes.

This is not mentioned very often, that one nuclear nation transgresses militarily upon another nuclear armed nation that's an "ally"

 

Sat, 12/29/2012 - 19:23 | 3105482 BlackChicken
BlackChicken's picture

Lol.

Hope those green shoots you see are from an Aloe plant, because your ass is going to be burnt if you are wrong.

Sat, 12/29/2012 - 20:05 | 3105544 DavyRoySixPack
DavyRoySixPack's picture

MBD's World - "there are no rules", "there is no God" "Life is absurd".

 

MBD's has the clean suit narrative ..... but ......

 

The tide is coming .... it may be later than we thought .... but it is coming ....

Sat, 12/29/2012 - 20:13 | 3105567 Surrealist
Surrealist's picture

LOL MDB gives me some of the best laughing medicine on the net. Look forward to his commentaries as well. Cheers from Australia. :) 

Sat, 12/29/2012 - 20:48 | 3105630 BeetleBailey
BeetleBailey's picture

I apologize....for not saying FUCK YOU enough to you, douche bonus of shit

Sat, 12/29/2012 - 21:13 | 3105697 dougngen
dougngen's picture

you keep forgetting the sarc///

no one is that stupid....

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