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Dec. 30, 2016 - Ron Paul Liberty Report
13:24
2017 - Ron Paul's New Year Predictions

What to expect in the New Year? Ron Paul has some ideas. Tune in to our year-end Liberty Report! And Happy New Year!!! What to expect in the New Year? Ron Paul has some ideas. Tune in to our year-end Liberty Report! And Happy New Year!!!

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Time Text
Gold's Uncertain Journey 00:07:30
Happy New Year, everybody.
Thank you for tuning in to the Liberty Report.
With me today is Daniel at Mick Adams.
And Daniel, good to see you.
Hello, Dr. Paul.
Daniel, I'd like to address our audience for a minute and just tell them a little bit about how the program's been going this past year.
We've been very pleased with our audience, a lot of participation.
We're getting more emails than ever, and we're getting more people to watch it.
So we're very excited about it.
And we're getting comments throughout the internet.
Most very good, some, of course, very challenging, but they're paying attention.
And I'm getting calls from the media, and it has to do with the fact that we have our program, and there's a lot of credibility being built.
And it's something I like to do.
I think it's very important.
It's something that I've been doing for a long time, but in a different format.
I did it, you know, even before I was in Congress and promoted the ideas.
And here outside of Congress now, I continue to do it.
I think it's educational and it's very important.
And the most important thing is the audience, because without an audience, we just sit here and talking to each other.
But things have been going very well.
And I want to thank you very much for being with us today and sticking with us for the rest of the time during this year.
Daniel.
It has been a good year, Dr. Paul.
We've had about 5.5 million people have watched the show since we launched it about a year and a half ago, 63,000 subscribers.
I remember when we started, we thought we'd never get to that point.
But it is, you know, we both enjoy looking at the comments.
I like the critical ones too, which always improve, and even the nasty ones.
So now what we want to do is look into your crystal ball.
Oh, boy.
As everyone says, if you want to know what's going to happen in three years, find out what Dr. Paul said a year ago.
So we'll put you in the hot seat for 2017, if that's okay.
So question number one.
You know, we've got the Dow's been pushing 20,000.
There's a lot of optimism building.
Where do you see things going with the markets in the early part of 2017?
I am absolutely convinced it's either going to go up or go down.
And we know that for sure.
And, you know, being precise and say that I know what the stock market is going to be in six months, it's not only that I do not know that, but also it goes against Austrian economics.
We should be able to look and see trends.
When you print a lot of money, you have distortions, you have too much debt, and you have price inflation.
Sometimes you have price inflation in commodities, and sometimes it's just in consumer goods.
Sometimes it's in the bond market, sometimes the stock market.
Right now, there's a lot of money flowing into the stock market, but I see that as artificial.
I don't think that line that we watch right now about the Dow and the S ⁇ P 500, straight up, I think that's going to end.
It could end at the beginning of the year.
When things move that quickly, they're very vulnerable.
But the real value, my guess would be that at the end of next year, the stocks will not be reflecting the euphoria the financial markets are feeling today.
That's not to say that people are going to be surprised because sometimes you'll have a price inflation, but it would dilute the value.
If the stock goes up 10% and you have the inflation rate at 5%, you're only making 5% anyway.
So there's a lot of factors involved.
But my personal opinion about investing and all is I've never been real happy with the ordinary stock market.
I think there's too much rigging in there, and I don't like this idea of short-time trading.
But I don't think this thing is going to last what's happening right now.
But it's a reflection of the optimism people are feeling with the president-elect and the promise of doing certain things, and it may work out.
But I think probably February 1st is a good time that we'll have a much better sense of which way the markets are going to go for the rest of the year.
By that time, they will have assessed a lot about what the new president will be doing.
And gold has done okay this year.
It hasn't been phenomenally successful.
Do you see it the better outlook in 2017 for gold?
Well, if you look at the reason gold goes up, it should be a fantastic year.
But just because we think it should be a fantastic year, there's a lot of buyers and sellers and governments involved and rigging of markets.
Governments do not want the gold price to go up because it reflects their ability to manage the dollar and the paper money.
So they do everything they can to make the gold artificially low.
But the gold is at the moment is up a little bit for the year, although it was up a lot more earlier.
And it's been down as the stock market has gone up.
And even though the stock market has gone up a lot at the end of this year, it's still not, you know, percentage-wise, it's not huge.
But the fact that spending is going up, deficits are going to go up, there's going to be a huge amount of fiscal stimulus, believing the philosophy now in Washington is that the monetary manipulation by the Fed didn't work, and the Fed are on the hot seat, which is good.
So everybody's saying, well, fiscal stimulus, fiscal stimulus.
And I think Trump, even though he has said some favorable things about the Fed and said he supports the audit, I think that he will be running up the debt.
I was disappointed in the 80s.
The atmosphere was Ronald Reagan is here.
And the deficit exploded during that time.
I think the deficit is going to explode.
The only thing that might dampen a little bit is what a lot of people are hoping for is that the economy will pick up and there'll be more profits and they'll send more money to the government, which can't happen.
But that's not a solution.
But I would say the conditions are set that gold will go up, but it depends on buyers and sellers and a manipulation by the government.
But ultimately, the government always fails to manipulate prices.
They will fail.
You know, when they were manipulating gold at $35 an ounce, we all knew that they can't do that.
And look at where it is now.
So even though they could knock it down a bit, ultimately, the market is even more powerful than these people that we're always complaining about, the politicians, the deep state, and the Federal Reserve.
Ultimately, it's the people who make the decisions.
And when they want prices to go up or think they go up, they will.
And if they get frightened enough, they are going to buy gold.
The biggest thing that worries me about gold is the fact that our government could be very ruthless.
They were ruthless in the 30s when they didn't want to have anything to do with this.
They stole the gold from the people.
So that is always the reason why I advocate investment in liberty.
Because even if you do all these things, prepare for bad times, work hard and be able to take care of yourselves, if you don't have your liberties, you can't do anything.
So they can come in and either confiscate the gold or tax the gold.
So this is why I spend as much time trying to preserve the conditions than I would to just anticipating the gold market.
Good stuff.
Preserving Liberty 00:05:37
Now, moving into the foreign affairs field.
You know, the U.S. has had a pretty strong presence in the Middle East, especially since the Arab Spring of 2011.
We started putting troops into Syria a couple of years ago, fighting the bad guys, ISIS.
Actually, at the time, it was a corazon group was the excuse, and then we had to stay in fighting ISIS.
We have special forces operating there.
We have aircraft that we use to fly over there and to bomb.
We have unknown numbers of contractors there operating in Syria.
But things have changed a lot toward the end of this year.
Aleppo was liberated by the Syrian government.
The al-Nusra, the Al-Qaeda is kicked out.
And there has been peace talks with Iran, Russia, and Turkey, where the U.S. wasn't invited.
What is your prediction considering where we are with the troops and things in there, with where things are going?
Where do you see the U.S. presence in somewhere like Syria?
Well, we're always hopeful things will improve.
But until they accept the position that we hold and what our founders held and what our Constitution says is that we should not be intervening in the internal affairs and these borders disputes around the world and Middle East.
If that were the case, everything is going to be much, much better.
I think there's going to be less nation building.
I want to believe Trump on this, but he doesn't say, I'm going to become disengaged.
No, he's going to be tougher.
He's going to be a lot tougher than Obama and sending him through.
I think he's going to use CIA and special forces, intimidation, tariffs, economic sanctions, and he'll do a lot of that.
So I could foresee precarious conditions that could break loose and cause more damage, and then the pressure would be on him to actually use real troops.
So I think the suggestion that there have been some improvement has been that we have been with less of our troops.
I mean, when we had our troops in Iraq, you know, we destroyed that country, and look at the chaos there now.
In Syria, it's been a mess since we said we had to, then Obama said we had to get rid of Assad.
Now that is changing.
As long as that's the case, maybe we can hope for, but I'm still very concerned about it because I think it's going to change its nature.
But this idea that we are obligated to be a very tough interventionist, I think that is going to exist.
Okay, and do you want to do one good news prediction?
Yeah, there you go.
Before we finish, and that is taxes.
What do you see happening with taxes?
Well, this is the one thing that may be helping the stock market now.
And I personally like the idea.
Lower to corporate and personal taxes and get rid of some of the regulations.
And it can be done with executive orders.
You know, Obama put so much on by executive orders, he can go rid of those in one day.
And the Congress should have done a lot more about maybe the atmosphere is to get rid of regulations, but there'll be a lot of political things.
Can you imagine if something comes up on an environment and he wants to get rid of a regulation, they'll be squirming by a lot of Republicans.
So I think if we're going to see significant reduction in regulations, they'll have to come from Trump repealing legislation, regulations that Obama put on.
But I think we can be hopeful that things will get better, but it's not enough to overcome the momentum of excessive government, big spending, and the debt, and dealing with the mistakes already made.
All the inflation, all the printing of the money is coming now into the system.
So that's why there will be inflation.
And that will be bad for the economy.
But that is one place where people are more optimistic.
And that is one reason why currently the market has been looking much better.
That sounds like a good use of executive orders to get rid of the other bad ones.
That'd be great.
That would be, I wish we could use, you know, the best order would be to obey the Constitution, never write those things.
The executive branch should never be allowed to write all these regulations, these thousands and thousands of pages of laws that nobody can understand.
That's where the real problem is.
We just gave up on the principle of individual liberty and property rights and contract rights because you can avoid all this malarkey that you get out of Washington with all these regulations.
Everything gets politicized.
So, anyway, we're optimistic that things have a chance to improve, and we're going to do our best to present the case for improving peace and prosperity for this next year.
And there's reason to be optimistic that that can happen.
In my lifetime, there's been many times when conditions were much, much worse.
I was born in the end of the Depression.
World War II was going on.
Korea War was going on when I was in high school.
The Vietnam War was a disaster.
We had terrible economic conditions in the 70s.
But people are still probably more frightened now than even during those periods of time.
So the conditions are out there.
The underpinnings have been eroding.
And we can't say, well, everybody's getting along.
We'll send everybody a welfare check and they'll do okay.
We have those problems, but I think there's reason to believe if we did the right things, we could work our way out of this.
But we have to keep the eye on the ball.
The eye on the ball is to live under the law of the land, which is the Constitution, and promote the cause of liberty and sound money and property rights.
That would take care of so much.
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