Wall Street Journal “America On Brink Of Second Revolution”
Ron Paul has already stated on CNN that that the Second American Revolution has already begun.
Congressman Ron Paul Spoke with CNN’s Anderson Cooper on AC360 last night and told Anderson we live in revolutionary times.
During further discussion on the current state of the Tea Party he further clarified that the Second American Revolution has already began.
He went on to state “the most magnificent thing is that this revolution is going on and the people have discovered it.”
Ron Paul further went on to tell Anderson Cooper that present day America is in a revolutionary end of an age like the one that occurred right before the downfall of the Soviet system.
Some quotes from Ron Paul on CNN.
Paul: It probably depends on the state, but it’s much going to be much tougher, because we live in revolutionary times.
COOPER: And you really believe this is a revolutionary time, that this is a…
PAUL: Oh, yes, because it’s — but it’s economics. I see everything in terms of economic policies. And that’s what drives everybody. That’s what makes people so angry and upset.
You think, if there were no economic problems, this would be going on? But this is the end of Keynesianism. Keynesianism has been with us for 70 years, and it’s failing. And even the liberals know it’s failing. It’s sort of like revolutionary end of an age with the downfall of the Soviet system.
It finally just didn’t work. You didn’t have to fight it anymore. It didn’t come from the leaders. It came from the grassroots. And that’s what’s happening right now. The grassroots knows that government fails. Even today, statistics says hardly anybody trusts the government anymore, and good reason. It doesn’t function. It doesn’t have the right system anymore.
I think the most magnificent thing is that this revolution is going on and the people have discovered it, and they’re not blaming the average citizen. They’re blaming Washington. That’s why Republicans and Democrats are losing.
But the most important thing for me is — is having something to say or having some influence on what the message should be. Right now, the message is, Washington has messed up, and we have to do something. They spend too much money. Government is too big. We have to reduce the size and scope of government.
But then on the finer points is where the discussion is going on, and I don’t like the idea of having one kingpin either, dictating what everybody believes in. I think it should be grassroots. And that is good. But, in my modest way, what I will try to do is get the Tea Party people to think about, you can’t cut back spending if you don’t think about foreign policy and bringing troops home and ending — ending endless war, you know?
And we should, as conservatives, be concerned about civil liberties. Those are the kind of things that are very important to me. And the grassroots in the Tea Party movements are very open to that.
Now the Wall Street Journal joins the chorus, pointing out the stages of revolution and runs an article saying that America is on the brink of the Second American Revolution.
By Paul B. Farrell, MarketWatch
ARROYO GRANDE, Calif. (MarketWatch) — “What’s distinctive about the Tea Party is its anarchist streak — its antagonism toward any authority, its belligerent self-expression, and its lack of any coherent program or alternative to the policies it condemns,” warns Jacob Weisberg in Newsweek. But why not three cheers for the Tea Party Express?
Admit it, something historic is brewing. And yes, it’s good for America, even the anarchy. Revolution is renewal. Tea-baggers want to take on both parties, “restore honor” and “take back the country.” Bring it on, the feeling’s mutual.
OK, maybe most Americans just silently mimic the words, “we’re mad as hell, won’t take it any more.” But watch out: After November the campaign’s shrill rhetoric explodes into action.
Tea-baggers are kicking the revolution into high gear. Debt is sinking America. Both parties are to blame. So vote out incumbents. Spare no one. We need new leadership, another Reagan or Truman. Congress better get the message: Cut that budget, or they’ll dump the rest of you in the coming Great Purge of 2012.
Unfortunately they’re tone deaf. Congress cannot see past the election. All that changes in November.
So thanks Tea Party, Vegas odds must favor a Second American Revolution. Actually, the revolution is already roaring, hot, it’s about time. The GOP and the Dems had more than a decade. But America’s worse off. We need a real revolution to restore sanity … or we can kiss democracy and capitalism good-bye, permanently.
The Wall Street Journal article goes on to describe the stages of the revolution but the bottom line to investor’s is don’t worry.
The article implies that the Second Revolution will only result in a 20% loss in stock market value.
That means investors are betting that the revolution will be quashed by the government which means that “wise” and “prudent” investors can use the crisis to their advantage. Namely easy cash can be made by betting against the stock market either by selling shorts against the stock market in the forms of puts or put options.
Warning: Another revolution will cost investors 20% more losses
Yes, big warning, the Second American Revolution will extract painful austerity, not the “happy days are here again” future touted by tea-baggers. For years it’ll be impossible for most of America’s 95 million investors to develop a successful investment or logical retirement strategy.
Why? Political chaos will translate into extreme volatility and a highly unpredictable stock market. Result: Wall Street will lose another 20% of the value of your retirement portfolio in the next decade, just as Wall Street did the last decade. So if you think you’re “mad as hell” now, “you ain’t seen nuthin’ yet!”
Read the entire orginal article on the Wall Street Journal’s Market Watch.