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.
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."