Addison Wiggin

On Oct. 30, 2007, we got in a tussle with a reader. Can you imagine?

On that day, it was because we weren’t stumping for Ron Paul as conscientiously as Lew Rockwell.

This morning, we see we may yet get another chance. Dr. Paul is holding a press conference today in Iowa. We’re told he’ll launch an “exploratory committee” – that fateful first step toward a run for the presidency.

In 2007, we suggested the country – pre-Lehman, pre-stimulus, pre-bailouts – wasn’t ready for the medicine Dr. Paul prescribes.

Perhaps now that we’ve seen a few trillion-dollar deficits and a community organizer who’s proven equally adept at military adventurism as his “aw, shucks” predecessor… a few more people are willing to go to the pharmacy… or, at the very least wondering now what that mysterious lump is.

“This would seem to be an ideal year for Paul,” muses the Washington wonk weekly National Journal: “Since the last election, the Republican Party has moved much closer to his view on deficit reduction. All of the party’s top-tier presidential hopefuls are focusing on lowering debt, government spending and tax rates, issues Paul has long advocated.”

“Ron Paul Is Starting to Make Sense,” reads the headline the May issue of Esquire. He “is the most important politician in America today,” the profile begins, “because he’s the rare politician – maybe the only politician – who always says exactly what he really believes.

“Unlike Paul Ryan, Haley Barbour, Mitt Romney, Mitch Daniels and Mike Huckabee, who all raised taxes while calling for lower taxes, Ron Paul gives us a chance to examine the ideas currently driving the conservative movement in their pure form.”

We’ll see.

One way to examine those ideas is by reading this review penned by our own Gary Gibson.

While Dr. Paul is away in Iowa, the nabobs in Washington are twittering over two “competing visions” of the way forward – the 12-year budget plan of the president and the 10-year plan of Rep. Paul Ryan.

We can see why. The difference between them is “vast”:

National Debt Under the 2012 Budget Proposals

Hmmn… shall we raise the national debt by 84% in the next 10 years, or merely 62%? To even suggest the national credit card may be revoked long before then… well, that makes you a “kook” in these parts.

Still for a growing number of people in “flyover country,” it’s starting to make sense… and get real.

Addison Wiggin

for The Daily Reckoning

Addison Wiggin

Addison Wiggin is the executive publisher of Agora Financial, LLC, a fiercely independent economic forecasting and financial research firm. He's the creator and editorial director of Agora Financial's daily 5 Min. Forecast and editorial director of The Daily Reckoning. Wiggin is the founder of Agora Entertainment, executive producer and co-writer of I.O.U.S.A., which was nominated for the Grand Jury Prize at the 2008 Sundance Film Festival, the 2009 Critics Choice Award for Best Documentary Feature, and was also shortlisted for a 2009 Academy Award. He is the author of the companion book of the film I.O.U.S.A.and his second edition of The Demise of the Dollar, and Why it's Even Better for Your Investments was just fully revised and updated. Wiggin is a three-time New York Times best-selling author whose work has been recognized by The New York Times Magazine, The Economist, Worth, The New York Times, The Washington Post as well as major network news programs. He also co-authored international bestsellers Financial Reckoning Day and Empire of Debt with Bill Bonner.

  • Deft

    With this announcement, I’m registering Republican so I can vote for him in the Republican primary. Hopefully more RP supporters will do the same. Ron Paul is awesome!

  • http://windswept.smugmug.com Mary Hurlbut

    After supporting Ron for decades, it’s about time…just hope it’s not to late for USA

  • Marcus

    I am READY!! Getting my liberal family members to register republican for Dr. Paul too! Liberty really does bring people together.

  • Bennet Cecil

    Things are not bad enough for Republicans to support him in the primaries. They do not want to downsize the military just like Demcrats do not want to cut domestic spending. Both parties will crash the dollar soon. After the crash we can get silver and gold dollars, end the Fed, reform entitlements and bring our troops home. Real change is coming.

  • david

    Misguided militarism is your problem. When is the USA going to get over it. Dropping expensive bombs in Afghanistan and Pakistan is dumb and dumber. Soldiers crawling all over Iraq and Afghanistan …. good grief.

  • J.R. Wirth

    Ron Paul is the cure, that’s why he doesn’t have a prayer. America is like a lung cancer patient chain smoking in a hospital bed.

    Politicians don’t get elected by promising to put a lock on the liquor cabinet (and being sincere about it).

  • Freelance

    Remnants scrambling to copters, rickety planes, bicycles, motorcades, or whatever movable vehicles. The looming Tet offensive would overrun the besieged Saigon any moment. The outcome was written all over the face. Straight set result! By thumb rule it didn’t require a rubber game. Referee has blown the last whistle and called it a day.

    Out of the blue, came the monetary infiltration. Dramatic social upheaval. By Geneva convention of cross border war, it doesn’t permit the use of paper bullet that is soul damaging.

  • MG

    I would be happy to vote Ron Paul in 2012

  • kristielopez

    Ron Paul’s moment? in POLITICO’s Arena, Grover Norquist responds:Ron Paul brings energy and a great number of young activists into the Republican Party and the broader conservative movement http://bit.ly/g9d3So

  • Karen

    Ron Paul is the Tea Party candidate with the best voting record but being against the foreign wars is still considered a weakness to the Repubs so how can he get the nomination? If he does,will he get a trip to Bilderbergers? LOL

    While it may be true that the Repub and Dems will nominate only a candidate that will keep up the statists status quo I do think that Ron Paul’s message will have to be coopted by whoever the counterfeit candidate is, like last election. The Obama Deception, see it on Youtube.com?

  • http://cbhbank.com Mountainview

    Ron Paul’s medicine will be very bitter to swallow and this will make it difficult to get elected. Voters usually prefer to ignore nasty options until they fall them on the head. I would be surprised if it will turn out different this time.

  • kenn

    Be fun to see just how much WALK he has to go with all that TALK.
    No one man is going to cure this country’s ills. The whole national attitude has to be changed and I don’t see that happening…

    Hope I’m wrong…

  • Richard

    I will be changing my party registration to vote for Ron Paul, and I will be sending him my financial support. I don’t agree with all his views. The one thing he does have the power to do, as commander in chief, is get us out of the wars. That alone, will reduce our deficit.

  • nomura

    The more things change, the more they stay the same.

  • Young buck

    America is a nation of morons who do not deserve the last great patriot, Ron Paul. As the old republic disappears beneath the jackboots of Obama fascism, Americans will wallow in their monumental stupidity right until the very end.

  • http://www.manofthewest2000.blogspot.com/ Matt

    To borrow a turn of phrase from my fellow blogger John Reilly, Ron Paul is a Fortean personality whose candidacy indicates that American history has gone off the main sequence. He might do some good for all that, but it will likely be outweighed by all the bad going on in spite of him.

  • paty cake

    One Man cannot make a difference, yes this is true. What we need is to heed his words. Ron Paul is the ONLY voice of reason among corrupt men. We should allow him to be the greatest mentor of this age to show us how to turn the tide of this Nation that has lost it’s credibility. We should be willing to be part of the “RON PAUL REVOLUTION” We should be backing, supporting, informing others about this MAN that I believe was born for “Such A time as this” HE WILL WALK THE TALK,

  • futility

    Love RP but don’t think he has any chance. We’ll get a couple of face-(wo)men that the Joe Averages can get tribal about while the rest of us watch in horror. Again.

  • http://www.realbench.net/special/free-property-rental-application.php Free Property Rental Application

    Interesting and informative post. Thank you for your effort. Nice work Addison.

  • stephenjacobs

    Ron Paul……… There is another example of a dinosaur in the Republican Party and the Eagle Forum. Ron Paul won’t give you change. He will transport you back to 1928 and Hoover Economics. We would then re-play the whole bloody mess over again because you all would not have learned from this experience.

    “The most difficulty lies not so much in the development of new ideas as in the escaping from old ones.” (Keynes)

    “The most inflationary of things are idle workers and idle production-lines and shuttered factories.”
    (Keynes)

  • stephenjacobs

    I would NOT vote for a Republican, a Tory, a Conservative, and ESPECIALLY NOT a Green, anywhere in this world.

  • stephenjacobs

    YOU Republicans dragged us into the Vietnam War, cost us billions, plus millions of lives, accomplished absolutely NOTHING and NO-ONE wanted the war. You created it. Now the financial bill is coming in. Such a lovely bunch you all are, and you say you’re pro-gold, too?

  • stephenjacobs

    I can’t believe I’m reading this clap-trap. King George VI awarded The Sword of Honour to Joseph Stalin in 1945 for liberating Eastern Europe and saving MILLIONS oF LIVES from the Nazis. So, who did the Republicans here start their ridiculous Cold War with? Stalin and Russia. And why? Because the Republicans needed a new enemy to keep their war economy going in America. I mean: Let the truth be told to the kids here! The Republicans started an un-necessary Cold War in the 1950s to keep the war economy going from WWII.
    The Republicans bankrupted the U.S. with their ridiculous wars and defence spending.

  • stephenjacobs

    I beg to differ: Pres. Obama is cutting you a break now. The dollar is being steadied to even with the beaver buck and 10:1 with the Mex peso. There is a new NAFTA economy emerging now, right before your eyes. In five years, the U.S. will be exporting oil and bringing-in money. Get rid of these Greens (now appearing in both parties), because they are the worst and most anti-people rats, and we all will have power not just from heavy oil but from nat-gas, hydro-electric, coal, and atomic. We are going to prosper. Canada, America, and Mexico are going to BOOM. The men/women behind Obama are brilliant, and they are not going to pee-away the money on Cold Wars, Vietnam Wars, Korean Wars, Defence spending of all kinds probes to Jupiter, to Saturn to Uranus, to Neptune, trips to Mars, a man on the Moon, a probe to Venus, and more garbage in orbit, a probe to the next galaxy and lavish spending like this. Rather, for a change: spending is going to be made on people, on their jobs, and on their exports.

    Let me close with another quote from John Maynard Keynes, whom I don’t always agree with, but I shall say: HIS ECONOMICS IS BETTER THAN HERBERT HOOVER’s ECONOMICS, and all you are going to witness from your hero Ron Paul is a re-play of Hoover Economics and the horrors of the Great Depression.

    “THE MOST INFLATIONARY of THINGS ARE IDLE WORKERS, IDLE PRODUCTION LINES, & SHUTTERED FACTORIES.” (John Maynard Keynes)

    Right now, the year is almost 2013, and Mexico is BOOMING and for the first time in its history. But in five years, the boom will spread all over North America, and this will be a NAFTA miracle. We will be able to thank people like President Obama for directing us out of poverty and darkness. And in the years ahead— maybe four or five now— everyone in America will have free medical care as a basic human right.

  • stephenjacobs

    Yes, the gold coins would be fun, but can you imagine people hoarding money because it’s gold. So, money stops circulating, prices collapse, everything fails, everything stops, everyone is out of work and everyone starves. GOLD! GOLD! GOOOOOOOOOLD!!!!!

Recent Articles

McDisaster: Fast Food Is Dying – Make a Killing From It…

Greg Guenthner

McDonalds stock is getting crushed right now. Shares have been in a tailspin since June. But it’s not just Mickey Dee’s. Coca Cola shares are in freefall, too. Bad news for them. But if you want to rake in a pile of easy money, it could be great news for you. See, Americans just aren’t choking down this junk like they used to. The fast food burger, fries and a Coke are just down payments on an early coronary - and Type II diabetes. And everyone’s finally gotten the message. So how can you play the trend? Greg Guenthner explains…


In the Year 2024

James Rickards

Panopticon goggles? Severe market panic in 2018? Gold confiscation by 2020? Jim Rickards' shocking thought-piece in the spirit of A Brave New World or 1984. Click to see how markets, economics, your money, gold, privacy, wealth building and more look a decade from now in the year 2024...


Our Ebola Stocks Could Double Overnight

Paul Mampilly

I believe we are in the midst of one of the greatest profit opportunities you’re ever going to see in your lifetime. Stop listening to what the government is telling you. Turn off CNN. Forget what you see on the news. And for God’s sake, forget about the market crashing. Right now, we are in the early innings of the greatest profit opportunities of the 21st century. A biotech boom that’s about to hit epic proportions thanks to Ebola. If I’m right, we are going to see Ebola in New York, Los Angeles, San Francisco and Miami. And when this happens, every single stock that has anything to do with Ebola is going to soar. Let me explain to you how I believe this huge Ebola bubble is going to unfold.


Why We Hold Hard Assets II

Henry Bonner

Right now we’re seeing a surge of strength in the U.S. dollar, as the bottom falls out of our competitors’ currencies, and Jim Grant has the best analysis of what it means for investors. For one, it means the Federal Reserve can’t keep interest rates low forever. And mainstream investors may be very surprised when the Fed gives in…


A Quarter-Century’s Conclusion on Our Cancer Woes

Ray Blanco

Breakthrough technologies can hold the most undiscovered money-making potential. What we’ve accomplished in a quarter century with cancer research could make you serious money and save countless lives. Ray Blanco has more on this ground breaking story...


Housing Bulls Gave Up Here… Big Mistake

Greg Guenthner

Another one of Wall Street’s broken forecasts has plopped a new trade in your lap. If you’re listening to the lunatics on the financial news, you’re hearing that there’s no hope for the markets. Just get rid of your stocks and pound sand. Better safe than sorry—none of these talking heads want to get bullish on anything right now because they’re afraid to look like an idiot if the market keeps dropping. For them, selling stocks now is your only chance to make it to the end of the year without pawning the family cat to buy Christmas presents. Can the market survive? Greg Guenthner explains…