Obviously he doesn't believe that Ron Paul will win the Republican nomination. Only an imbecile would believe that and Thiel is not that. The point is that as long as Ron Paul is out there on the political flank of plausible candidates with a small committed support base, the more centrist candidates will tack towards his position to try and capture some of his support.
Witness how Santorum pulled Romney towards more socially conservative positions just by existing. Santorum didn't win, but as a result of his run he pulled the Republican centre towards him.
The point is that as long as Ron Paul is out there on the political flank of plausible candidates with a small committed support base, the more centrist candidates will tack towards his position to try and capture some of his support.
do you have any example to support this claim? Ron Paul isn't running for the first time. Which of his positions got anywhere close to mainstream candidate's agenda previously?
Witness how Santorum pulled Romney towards more socially conservative positions just by existing.
Santorum was Romney's runner-up if not outrunning him during several moments.
Not saying Paul was completely transformative, but his take on the Federal Reserve which I think was largely considered "extreme" started to become more of a mainstream GOP topic.
"Obviously he doesn't believe that Ron Paul will win the Republican nomination."
Let's be honest, Ron Paul won't be around for much longer. If you are really trying to make any real difference, you need someone younger and who's got a better chance of doing something. That would be Rand Paul and not Ron.
Ron Paul had his run and it's over. To put money into him now is a losers bet. There's no real political future for Ron Paul while there is a hell of an upside for Rand Paul.
If he loses 99% of his worth that "fool" will still be a millionaire with a ridiculous number of accomplishments. Disagreeing with you on politics doesn't seem like the best way to judge intelligence.