With Over 100,000 Supporting Texas Secession, Ron Paul Weighs In
by Tyler Durden
With just 5 days needed for the Texas secession petition to surpass 100,000 signatories, all is not well with the Union. Actually, not only are things not well with the Union, things are getting worse by the minute, as American society splinters into diametrical opposites to a degree not seen in decades, a process which in itself virtually assures there will be no cliff compromise before the opportunity cost of ending the stand off becomes far too great. And with the option of the Mr. Chairman “getting to work” to fix things, one wonders – is even the market a motivating enough factor given a 20, 30 or even 50% drop in the rearview mirror: after all as the Fed has demonstrated, there is no need for a fiscal compromise to get the S&P to just shy of all time highs. Certainly, even America’s politicians are very much aware of this by now (of course, this assumes that Bernanke is still in charge of the market: something we have claimed for two months is very much in question). Regardless, with the topic of secession on everybody’s lips, here is what none other than Ron Paul has said about this suddenly very volatile issue.