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Wednesday, February 10, 2010
‘Neocon influence’.
In the face of several electoral challenges from tea party-connected candidates, Texas Republican Congressman Ron Paul cautioned in a recent interview that "neocon influence" is "infiltrating" the movement he is often credited for creating. Speaking to MSNBC host Rachel Maddow on Tuesday night, Paul first took up for the tea parties as a natural reaction of the people when they are unhappy with government. What they are not, he explained, are entirely adherent to his ideas. Paul suggested that the group only "sometimes" represents his views...Link
Debt Interest Will Lead to Default, Then War.
At a conference in Moscow, Marc Faber laid out the crisis that he sees coming in the next 10 years: Interest on U.S. debt will crush other spending, then inflation and depression will take hold and eventually lead to war. “Maximum, within 10 years time more than 35 percent of tax revenues will have to be used to pay the interest on the government’s debt, and then you’re in trouble, because then there is not enough money out of the budget to pay for other stuff,” Faber said. “I am convinced that the U.S. government will go bankrupt, but not tomorrow, and before they go bankrupt they’ll print money, and then you get very high inflation rate, then you get depression with high inflation and eventually they’ll go to war.”Link
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