Videos about how to invest, investing in gold and silver, and economics 101
“We’re on the edge of the cliff,” said former U.S. presidential candidate Ross Perot in 2012, “and we have got to start fixing it now. Otherwise we’re leaving a disaster to our children’s and grandchildren’s future, and we could even lose our country.”
In a rare interview with USA Today reporter Richard Wolf shortly before the 2012 elections, Perot comments on the state of the U.S. economy, in particular U.S. debt and deficit—a discussion, Perot points out, that the presidential candidates had thus far avoided.
Billionaire industrialist Henry Ross Perot himself ran for the presidency as a third-party candidate in 1992, against Democrat Bill Clinton and incumbent Republican George H.W. Bush. Perot’s campaign gained surprising momentum—given the U.S.’s entrenched two-party political system—with a populist message with Libertarian overtones, tough on the budget deficit, and illustrated with charts and graphs that became signature campaign props. Perot ultimately received 18.9% of the popular vote, making him the most successful third-party candidate since Theodore Roosevelt in 1912.
Fast-forward a decade, and Perot notes, “Nobody that’s running (in 2012) really talks about it, about what we have to do, and why we have to do it. They would prefer not to have it discussed.”
But, asks interviewer Wolf, Europe tried austerity as a way out of recession, and that hadn’t worked out so well. Perot responds:
Wolf asks how close the U.S. is to crisis. Could it get so bad that investors would no longer buy U.S. debt? “Of course,” Perot answers.
“It shouldn’t have, if people were thinking clearly, if they were well educated, if they even understood this whole thing, which they don’t… A very low number of the American people understand…. It should be everybody…. This is my country. … People should be very active about not letting anything damage our country.
Perot in 2012 couldn’t get over the fact that none of the candidates in that year’s presidential race would talk about the threat posed by the U.S. debt. Now, halfway through the presidential term, nothing has changed.
“At one time U.S. Treasuries were considered the safest investment you could make. Now you’ve got every reason in the world to be concerned.”
Europe must someday realize that government needs to shrink: Once Italians Were Outsiders, Now Its Turks and Yugos...
"High taxes and over-regulation threaten to strangle innovation in its crib."
Were U.S. States to adopt gold and silver bullion as legal tender on a broad scale, the alternate currency would compete with the dollar.
At the heart of the Arizona debate is the fact that more and more people are concerned with U.S. dollar debasement, and the debasement of all fiat currencies worldwide.
“So here we had the only recession we’ve ever had where housing starts went up, and housing prices are going up, and so people think, ‘Wow, even in a recession, housing is the best thing you can do.’”
After years of taxpayer-funded cleanup efforts, footprint of the groundwater contamination under the Hanford Site has been reduced from 80 square miles to 65 square miles.
Switching out the conductors was an engineering challenge in itself. The ends of the building were knocked out, and a huge crane was used to move the silver elements, which were then run through a mechanical sheer to cut them into manageable sizes.
One in five recent graduates work in jobs that don’t require degrees at all.
Thanks to inflation, the banking sector since 1970 has grown from 4% of the economy to more than 10%. That’s why governments go on printing money, or more correctly, currency, “even though they’re in a hyperinflation situation.”
Video: Welcome to WealthCycles
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