Breaking Down Fannie and Freddie

Thanks for having Ron Paul on! Hope you have more students of the Austrian School of Economics on, Lew Rockwell, Peter Schiff, Jim Rodgers, etc... Von Mises was the only one to predict the Great Depression he did so in 1923 in the middle of the roaring 20's, and so RP did about 7 years ago, which will result in the upcoming commodities boom as some will say. Although gold and silver will determine that boom(Oil is to volatile) when the price of an ounce of Gold comes near the Dow that is the time in which to get out of this buuble. With Gold closing at 960 an ounce and the Dow at 11000 something you might call me crazy but it has happened before. most recently 1980 at 865 they met. Do not panic though the sooner this happens the better as that means that the recovery and therefore the upside will begin. But the Fed and treasury trying to prevent the market forces from taking effect is like a man trying to stop a hurricane. You know it is coming the best thing is to just get it overwoth and rebuild. Not try to prop it up and then be too worn out to recoup.

What is needed is leadership out of Washington. Leadership with simple common sense. http://pacificgatepost.blogspot.com/2008/07/where-is-economic-leadership.html