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Ron Paul Rages At The Decades Of Wars’ Damage To The American Economy

October 20, 2017 Tyler Durden 0

In a new interview with host Jesse Ventura at RT, former presidential candidate and House of Representatives Member Ron Paul discusses the harm imposed on the American economy by the succession of US wars over the last few decades, from the Korean War onward, that drain money away from prosperity-building activities in America.

“Just think if all the money we have spent overseas since World War II ended, if that money had been left in this country to let wealth grow,” proposes Paul.

 

Had that happened, Paul says there would not be so many people using food stamps, the middle class would not be dwindling, and the jobs situation would be better in America.

 

While the American economy in general has been hurt by the wars, Paul notes that some Americans have benefited financially. Paul concludes,

 

“It’s insanity to think that war improves your economic condition; it improves the condition of the war manufacturers.”

As The Ron Paul Institute’s Adam Dick details, this economic damage, Paul points out in the interview, is just one of the ways that “the wars hurt us here at home.”

Wars also lead, Paul argues, to government efforts, such as via the USA PATRIOT Act, in contravention of Americans’ freedom.

Watch Paul’s complete interview here:

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The NZD Slides Sharply into the Weekend

October 20, 2017 Stephen Innes 0

Selling of the New Zealand dollar accelerated, knocking another 1 per cent off the currency’s value as investors repositioned to the nation’s political shift. “Both Labour and NZ First are looking to revamp the Central Bank by appointing outside director while moving away from the single decision-maker model,” said OANDA’s Stephen Innes, adding that “spooked” investors. “The profundity of […]

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WoodMac: Libya’s oil production might have reached near-term potential

October 20, 2017 Latest News 0

Wood Mackenzie Ltd. analysts believe Libya’s oil production might have reached near-term limits with only gradual future growth. The possibility of longer-term political normalization and a reduction in the nation’s political conflicts depends on Libya maintaining oil production.

The post WoodMac: Libya’s oil production might have reached near-term potential appeared first on aroundworld24.com.