American Consequences - September 2020


us, he was a leading investment researcher in Moscow actually, working for some investment banks there during the original rise of capitalism in Russia in the late 1990s. And his wife, interestingly enough, is a World Bank employee and has been stationed all over the world. So he has seen 50, 60, 70 different countries and he has invested in three or four dozen of them. And so he writes a very good global perspective investment advisory for our clients. And of course just me personally, I’ve owned real estate overseas now since the mid-2000s, so for about 15 years. And I really do like having a toehold in a foreign jurisdiction, not because I want to leave the United States or because I anticipate that someday I will. I just like having an asset somewhere that’s a little bit more difficult to seize than my bank account or my farm here in Maryland. Ron Paul: The solution comes from understanding what liberty is about and understanding what the purpose of government is. And in a libertarian society we have such little government we don’t have to decide this. But people get upset because libertarians are cold and callous and they don’t care. But it just seems to me that our argument is that people do better if they’re happier, they’re richer, they have more security, and all this stuff in a free society. So I always talk about this in my speeches. I say, “We have such a great philosophy, why is it that we can’t convince people of this?” And of course I think it’s the freebies that help take care of that. But I’m convinced that

The best metaphor for the relationship between Republicans and Democrats is to look at the infighting that goes on in academic circles, right? Never has so much blood been spilt over something of so little consequence. Even if you go back and read the Bible, when the Israelites are wandering around the desert, they beg God to let them elect a king. And he says, “No, you don’t want to do that. He’ll end up enslaving your children and you’ll end up being his servants.” And they said, “No, no, no. We really want to have a king.” And so, I think Saul was the tallest guy in the tribe, so they made him the king. liberty can solve so many of these problems. Porter Stansberry: Dr. Paul, we could talk all day about what is it in human nature that seeks to be dominated and that seeks to be ruled. And it just must be something inside human beings that’s part of our herd-like mentality. I see herd behavior in the markets all the time, and I have no idea why people don’t realize that the government cannot give them anything that it doesn’t first take from them. That’s just the most elemental economic truth. And yet when you tell people that, they’ll argue with you.

American Consequences


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