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Trade Wars and Protectionism are not Free Trade

September 22, 2009
Ron Paul

Two weeks ago, both the administration and the Fed announced with straight faces that the recession was over and the signs of economic recovery were clear. Then last week, the president made a stunning decision that signals the administration’s determination to repeat the mistakes of the Great Depression. Much like the Smoot-Hawley Tariffs that set off a global trade war and effectively doomed us to ten more years of economic misery, Obama’s decision to enact steep tariffs on Chinese imported tires could spark a trade war with the single most important trading partner we have. Not only does China manufacture a whole host of products that end up on American store shelves, they are also still buying our Treasury debt.

The story continues …..

One Comment leave one →
  1. Joe Toman permalink
    October 2, 2009 6:55 pm

    Sorry, Ron Paul is a plant and a joke.

    Like you or me or congress is going to audit the fed reserve. You daily use some fed note to buy and sell whatever and it is fiction.

    The fed reserve is the head and you as a debtor are the tail. And you think you have power to audit them or take back the power you gave them as a traitorous congress and senate. Stupid is what stupid thinks. Does Ron Paul understand the Bible. Usury is a sin. PERIOD. And if you are in debt you are in sin. Got it. And you as a congressman gave the ‘money’ over to a cartel. Ever read the constitution?

    Do you now think that on some international level it is somehow different. If so, you need help.

    As to a recession? How do you have a recession when you have NO MONEY OF SUBSTANCE. All you pass around is DEBT notes of Debt to begin with. So the president can STIMULATE with debt and more debt and more stupid debt notes – to what reason. All empty nonesense. All on the good faith of the American People. And their credit.

    Is reality at issue here? Perhaps not. I am not sane. I do not understand the fiction I have to live in. Like: help me. Tell me I have a dollar in silver or gold with a piece of paper…

    This world is upside down. And most will NEVER get it.

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