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> Congressman Ron Paul, Does anyone like any of his views?
GTA_SA
post Jul 30 2010, 01:18 PM
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Hi there

For anyone who knows about Ron paul, the congressman from Texas who is a Republican, well a libertarian.

As anyone who is American, do you like any of Ron's Ideas?

I think some step back in foreign policy is defiantely a good idea, I'm notsure if a lot of what he says may be realistic.

He did mention that if Texas wanted to leave the union as a majority, he would support it.

I personally believe America will be a little smaller at some point in it's future. It makes sense, borders are redrawn eventually, history shows that.


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President lamar's attack on the cherokee Indian tribe in Texas in 1839 was a stupid mistake, but distrust and violence existed on both sides. Texans, Mexicans and Natives all competing for the land of Texas.

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demon
post Jan 6 2012, 10:42 PM
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In his private finances, Ron Paul is betting on full scale economic meltdown lol.


The following is a quote from The Wall Street Journal.




Republican presidential candidate Rep. Ron Paul marches to his own drummer in politics – and in his investment portfolio, too.

Here at Total Return, we’ve looked at hundreds of the annual financial-disclosure forms in which the members of Congress reveal their assets and trades – and we’ve never seen a more unorthodox portfolio than Ron Paul’s. (In fact, The Wall Street Journal revealed problematic trading in Congress more than a year and a half before the “60 Minutes” episode that recently raised a ruckus over the same topic, but that’s another matter.)

According to data available through his 2010 “Form A” financial disclosure statement, filed last May, Rep. Paul’s portfolio is valued between $2.44 million and $5.46 million. (Congressional disclosures are given in ranges, not precise amounts.)

Most members of Congress, like many Americans, hold some real estate, a few bonds or bond mutual funds, some individual stocks and a bundle of stock funds. Give or take a few percentage points, a typical Congressional portfolio might have 10% in cash, 10% in bonds or bond funds, 20% in real estate, and 60% in stocks or stock funds.

But Ron Paul’s portfolio isn’t merely different. It’s shockingly different.

Yes, about 21% of Rep. Paul’s holdings are in real estate and roughly 14% in cash. But he owns no bonds or bond funds and has only 0.1% in stock funds. Furthermore, the stock funds that Rep. Paul does own are all “short,” or make bets against, U.S. stocks. One is a “double inverse” fund that, on a daily basis, goes up twice as much as its stock benchmark goes down.

The remainder of Rep. Paul’s portfolio – fully 64% of his assets – is entirely in gold and silver mining stocks. He owns no Apple, no ExxonMobil, no Procter & Gamble, no General Electric, no Johnson & Johnson, not even a diversified mutual fund that holds a broad basket of stocks. Rep. Paul doesn’t own stock in any major companies at all except big precious-metals stocks like Barrick Gold, Goldcorp and Newmont Mining.

Rep. Paul also owns 23 other miners – many of them smaller, Canadian-based “juniors” whose stocks are highly risky. Ten of these stocks have total market valuations of less than $500 million, a common definition of a “microcap” stock. Mr. Paul has between $100,010 and $326,000 (roughly 5% of his assets) invested in these tiny, extremely volatile stocks.

Rep. Paul appears to be a strict buy-and-hold investor who rarely trades; he has held many of his mining stocks since at least 2002. But, as gold and silver prices have fallen sharply since September, precious-metals equities have also taken a pounding, with many dropping 20% or more. That exposes the risk in making a big bet on one narrow sector.

At our request, William Bernstein, an investment manager at Efficient Portfolio Advisors in Eastford, Conn., reviewed Rep. Paul’s portfolio as set out in the annual disclosure statement. Mr. Bernstein says he has never seen such an extreme bet on economic catastrophe. ”This portfolio is a half-step away from a cellar-full of canned goods and nine-millimeter rounds,” he says.

There are many possible doomsday scenarios for the U.S. economy and financial markets, explains Mr. Bernstein, and Rep. Paul’s portfolio protects against only one of them: unexpected inflation accompanied by a collapse in the value of the dollar. If deflation (to name one other possibility) occurs instead, “this portfolio is at great risk” because of its lack of bonds and high exposure to gold.

Running an investment portfolio that protects against only one bad outcome is like living in California and buying homeowner’s insurance that protects only against earthquakes, says Mr. Bernstein. You also want protection against fire and wind and theft and the full range of risks that houses are prone to. Likewise, he adds, investors should hold a broad mix of assets that will hold up under a variety of good and bad scenarios.

A spokeswoman for Rep. Paul didn’t respond to requests for comment. But you can say this for Ron Paul: In investing, as in politics, he has the courage of his convictions.

-- End of quote --


Paul looks like a funny old geezer on the photo. biggrin.gif I think I like him better than his politics.

This post has been edited by demon: Jan 6 2012, 10:46 PM


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Posts in this topic
- GTA_SA   Congressman Ron Paul   Jul 30 2010, 01:18 PM
- - bOnEs   i voted for him last election... his views are pre...   Jul 30 2010, 02:18 PM
|- - Massacre   QUOTE (bOnEs @ Jul 30 2010, 10:18 AM) ser...   Jul 30 2010, 07:08 PM
|- - TwoFacedTanner   QUOTE (Massacre @ Jul 30 2010, 02:08 PM) ...   Aug 3 2010, 04:18 AM
- - GTA_SA   One of the problems America does face is crude oil...   Jul 30 2010, 03:01 PM
- - bOnEs   he's got a way with words too... he might be o...   Jul 30 2010, 11:01 PM
- - GTA_SA   Well Barack has failed to stand up for parts of th...   Aug 1 2010, 03:09 PM
- - GTA_SA   In theory I like the law of weapon ownership. But...   Aug 5 2010, 03:32 PM
|- - TwoFacedTanner   QUOTE (GTA_SA @ Aug 5 2010, 10:32 AM) In ...   Aug 6 2010, 03:56 AM
- - bOnEs   taking guns away from the citizens gives the gov...   Aug 6 2010, 03:27 PM
|- - TwoFacedTanner   QUOTE (bOnEs @ Aug 6 2010, 10:27 AM) gang...   Aug 6 2010, 08:58 PM
- - GTA_SA   You guys have a point, but since I have grown up c...   Aug 7 2010, 01:01 PM
|- - TwoFacedTanner   QUOTE (GTA_SA @ Aug 7 2010, 08:01 AM) You...   Aug 8 2010, 12:11 AM
- - GTA_SA   What about it? Well I suppose it is two choice, th...   Aug 8 2010, 11:09 AM
- - El-Nino   seeing that we're discussing politics and this...   Aug 13 2010, 08:11 PM
- - GTA_SA   Only English independence can bring about a new di...   Aug 18 2010, 02:03 PM
- - Damian   I like Ron Paul but he was too much of an extremis...   Aug 29 2010, 09:06 PM
- - GTA_SA   Yes, but foreign policy it wasn't completely e...   Sep 2 2010, 04:54 PM
- - GTA_SA   One interview back in 1988, it is interesting to s...   Sep 6 2010, 12:40 PM
- - Meyer Lansky   who are we kidding? the Elite would assassinate hi...   Apr 26 2011, 11:50 PM
- - demon   QUOTE (bOnEs @ Aug 6 2010, 05:27 PM) taki...   Apr 27 2011, 01:17 AM
- - GTA_SA   Ron Paul is running again. It will have to be the...   Jun 12 2011, 02:17 PM
- - GTA_SA   Will Ron Paul change the race? Iwoa state is the f...   Jan 2 2012, 02:14 PM
- - demon   Ron Paul, the name sounds familiar, as does all th...   Jan 2 2012, 02:23 PM
- - GTA_SA   Well here is a clip from the not to distant past. ...   Jan 2 2012, 02:33 PM
- - demon   Ron Paul has some good ideas, like reducing the s...   Jan 3 2012, 01:59 PM
- - GTA_SA   Nations can defend themselves, they can try and wo...   Jan 3 2012, 03:11 PM
- - demon   Is Ron Paul still in the race? I don't know ho...   Jan 4 2012, 01:25 PM
- - GTA_SA   Ron Paul came third in Iowan results. New Hampshir...   Jan 6 2012, 04:32 PM
- - demon   In his private finances, Ron Paul is betting on fu...   Jan 6 2012, 10:42 PM
- - GTA_SA   So Mr Paul doesn't seem to interest you? If y...   Jan 7 2012, 03:53 PM
- - demon   But I want more wars, the fact I was angry about t...   Jan 7 2012, 07:15 PM
- - GTA_SA   At the time, no, it wasn't for sure if he woul...   Jan 8 2012, 03:09 PM
- - demon   The Balkans could be a topic of its own, but I don...   Jan 8 2012, 08:36 PM
- - GTA_SA   That can't be the only position against him. ...   Jan 9 2012, 03:31 PM
- - demon   Being liberal is not always bad, but I think Paul ...   Jan 9 2012, 07:05 PM
|- - Massacre   QUOTE (demon @ Jan 9 2012, 02:05 PM) I th...   Jan 10 2012, 05:12 AM
|- - demon   QUOTE (Massacre @ Jan 10 2012, 06:12 AM) ...   Jan 10 2012, 12:25 PM
- - Massacre   What a clever counterpoint.   Jan 11 2012, 01:54 AM
- - demon   It was an expression of shock, not a counterpoint....   Jan 11 2012, 01:26 PM
|- - Massacre   QUOTE (demon @ Jan 11 2012, 08:26 AM) It ...   Jan 12 2012, 01:00 AM
- - GTA_SA   Paul attracts many young people who hold liberal v...   Jan 11 2012, 02:23 PM
- - demon   He is anti-abortion??????? This just gets stranger...   Jan 11 2012, 10:06 PM
|- - demon   QUOTE (demon @ Jan 11 2012, 11:06 PM) I h...   Jan 13 2012, 08:50 PM
- - GTA_SA   Mr Paul hasn't made front runner yet...people ...   Feb 20 2012, 02:18 PM
- - Massacre   People are leaning towards Newt Gingrich. Shit, ev...   Feb 21 2012, 12:54 AM
- - demon   QUOTE (GTA_SA @ Feb 20 2012, 03:18 PM) Mr...   Feb 25 2012, 01:04 AM
|- - Massacre   QUOTE (demon @ Feb 24 2012, 08:04 PM) The...   Feb 26 2012, 12:59 AM
|- - demon   QUOTE (Massacre @ Feb 26 2012, 01:59 AM) ...   Feb 27 2012, 01:09 PM
|- - Massacre   QUOTE (Massacre @ Feb 25 2012, 07:59 PM) ...   Feb 27 2012, 11:33 PM
|- - demon   QUOTE (Massacre @ Feb 28 2012, 12:33 AM) ...   Feb 28 2012, 04:00 AM
- - GTA_SA   Paul is still going to the convention, but he hasn...   May 23 2012, 12:02 PM


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