“‘It can be pretty well validated by looking at monetary history that when you inflate the currency, distort interest rates and live beyond your means and spend too much, there has to be an adjustment,’ he said. ‘We have the biggest bubble in the history of mankind.'”
USAGOLD note: I can still remember the first time I listened to a Ron Paul analysis. As a young Congressman from Texas, he would speak to the issues of the day – mostly economic – on an automated hot line. There he spoke to views the mainstream media and other politicians largely ignored – the deficit, the value of the dollar, Fed policy, etc. I have always admired his ability to explain complicated subject matter in a way just about anyone can understand. He has been steadfast in his views and a staunch advocate of gold and silver ownership for a lot of years.
Repost from 10/8/2018
Image by madwurmmadwurm (Image:Ron paul blimp.jpgFlickr) [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons