Ron Paul in Banned 20/20 Interview (1 of 6)

Jon Stossel provides an excellent interview with Ron Paul which never made it to the public.

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The problems with Oil

Oil runs the world. It’s a scarce resource with limited availability. This is a problem.

America is shooting itself in the foot via foreign policy. The trillions spent on our military conquests actually act to subsidize the price of oil and assure its availability at a slightly lower price. This proves detrimental to the long term health of America. If the natural market was allowed to allocate prices and our government didn’t continually intervene in the oil markets, a viable alternative might finally be seen. Right now, the false prices act to neglect the free market and stifle alternative growth. A truly free market is the only hope for future energy independence, and as of now, it does not exist.

 

“China Will Not Hesitate To Protect Iran Even With A Third World War”

From Zero Hedge:

Fast forward to 2:08: “It is puzzling to some that Major General Zhang Zhaozhong, a professor from the Chinese National Defense University, said China will not hesitate to protect Iran even with a third World War… Professor Xia Ming: “Zhang Zhaozhong said that not hesitating to fight a third world war would be entirely for domestic political needs….”

If the nukes start flying, America might be the last man standing. I don’t see that as a likely scenario. Instead it would likely be a long trade war, a scramble to maintain the world’s necessary resources (oil?) with some unfortunate casualities. If that happens, China holds the upper hand with control over many American supply chains. America has grown hugely dependent on foreign energy and resources through the global trade web; a global trade shutdown would trigger hyperinflation of the dollar and force a long painful transition period. America, with its European support, does not have the manpower or leverage over critical global resources to win a conventional war against Pakistan, Russia, Iran, and China (The PRICs if you will).

Pray for peace, vote for Ron Paul.