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Ron Paul See other Ron Paul Articles Title: 12-Term Congressman Ron Paul's Warning to Americans about the Coming Currency Crisis Exclusive Interview with Ron Paul 12-Term Congressman Ron Paul's Warning to Americans about the Coming Currency Crisis ANCHOR Thank you for joining us. I'm Jared Kelly... here with 12-term Congressman, three-time Presidential candidate Ron Paul... with an urgent warning he's sharing exclusively right here - for all Americans who are watching this, regardless of political party. Dr. Paul, it's an honor to have you with us, sir. RON PAUL It's my pleasure, Jared. ANCHOR Let's get right to it. Dr. Ron Paul, you're stepping forward with something you haven't shared anywhere else. Not in any of your interviews with the mainstream media... RON PAUL That's right. I'm back in Washington... But I'm not running for Congress or the Presidency. Instead, I'm here to deliver an important message to EVERY American citizen, no matter what your political party. And, I'm going to talk very specifically about the steps you should take to protect yourself. In short: I believe we as a nation are on the brink of a massive financial crisis. Worse than the 2008 crash ANCHOR How bad are you predicting this crisis will be? RON PAUL Infinitely worse than the crisis of 2008. And that's because it won't just be a banking and mortgage problem... but a full-blown "currency crisis"... the likes of which we've never experienced in this country. The savings of millions of people could be wiped out, overnight. The stock market could crash by 50% or more. The way of life we've enjoyed as Americans for fifty years could come to an end. It's not a question of "if" this will happen, but "when." ANCHOR Why now? Why are you speaking out about this prediction today? RON PAUL I'll tell you why. Because most Americans don't have a clue about what's going on. Most people have no idea that in the past six years, we've created $4 trillion new dollars literally out of thin air. At the same time - since 2006, we've doubled our national debt. I've said hundreds of times throughout my career in the House: 'Prosperity cannot be created out of thin air by a central bank.' The people running our country today are living in a fantasy world - and if you're not careful, YOU and millions of other everyday Americans will pay the price. Middle class could be wiped out ANCHOR What'll be the biggest impact of this crisis? RON PAUL Well, sooner than most people think, I predict we'll see people losing confidence in the U.S. dollar... as a simple result of investors around the world realizing our currency is no longer the "safe haven" it once was. And when the currency collapses, nearly everything else will go with it... stocks, bonds, commodities... you name it. When you destroy a currency you can destroy the entire economy. You can destroy the whole nation. The middle class gets wiped out. The way you live, work, travel, retire, and invest in America - everything is going to change. Some of it in ways most people can't even imagine. ANCHOR So essentially, you're predicting the entire U.S. financial system will collapse. As someone who's spent 22 years in Congress - what do you think the immediate impact would be on the Federal government? RON PAUL Well, I'm fearful of it, Jared. For one thing, it makes it a lot harder for our government to borrow money and pay interest on all the debt we've racked up. Or to expand the welfare state. Or to station the U.S. military in 140 countries. But forget the government. The real concern is what happens to everyday Americans... especially the middle class. ANCHOR How so? RON PAUL For the everyday American, if the government's broke... all your wealth - all your savings - will be put in jeopardy. We'll see massive changes to our retirement system and Social Security. I wouldn't be surprised at all to see the government take over people's 401(k)s and IRAs. ANCHOR Why? RON PAUL Because doing that would essentially force people to buy worthless government bonds - whereas investors in the free market wouldn't touch 'em. In fact, I think we're likely to see huge tax increases and even a "wealth tax", a fee on all your savings and valuable assets. ANCHOR A "wealth tax"? RON PAUL Absolutely, anything is possible. It's only going to get worse. When this currency crisis hits, the government's #1 priority will be to control the existing supply of capital. We'll see all kinds of new laws and rules about what you can do with your money. Where you can put it... where you can move it. And of course, we'll see a massive inflation - when all those trillions and trillions of newly printed dollars make their way into the economy. It's going to be especially rough on seniors or anyone who relies on the government for income. Collapse of the U.S. dollar ANCHOR But inflation isn't really the main worry, right? We've had inflation before back in the seventies... RON PAUL Well, for starters it'll lead to a total breakdown of the stock market. Imagine 2008, Black Monday and even the Crash of '29 all happening in a single day. The middle class will be wiped out. But you're right. In a certain sense, what really worries me isn't necessarily a stock market crash. The real killer will be the effect of all this on our society and our liberties. ANCHOR You mean unemployment...? RON PAUL No, it goes deeper than that. When you destroy a nation's money, you destroy businesses. You destroy friendships and families. Faith in money is critical to a free society. Without it, you can forget about businesses and commerce. And you can forget about any sense of normalcy. People won't have any clue what to do when there's a line around the block just to access the ATM - or when banks start shutting down. They won't have any idea what to do when stores stop accepting dollars as payment. Or when no one's willing to make a loan anymore. ANCHOR So you're predicting social unrest... RON PAUL Definitely. I think we'll see problems in the big cities, especially... In fact we're already seeing the beginnings of that. Ferguson... The riots in New York... Detroit... What it comes down to is that people are going to be very, very unhappy when they turn on the TV one morning and hear that their life savings is suddenly worth a fraction of its former value. If investors around the world lose confidence in the U.S. dollar, the prosperity we've enjoyed since World War Two will essentially cease to exist. Our governments on both the Federal and State level could temporarily shut down. Businesses will close their doors. The price of things like milk and bread could skyrocket. The U.S. dollar is built entirely on confidence. If that confidence dissolves, so does everything else. ANCHOR And that's the weakness of "paper money"... RON PAUL Right. You see, governments have the power to declare paper to be "legal tender" - but they do NOT have power to give that money value. And this is something the politicians won't tell you. I know... because I spent twelve terms in Congress fighting the people who control our monetary policy. ANCHOR In fact - the threat of a currency crisis is what first drew you into politics back in the 1970s, is that right? When President Nixon took the U.S. dollar off the gold standard in 1971, you became a Republican candidate for Congress. You served on the House Banking Committee... where you blamed the Federal Reserve for inflation and railed against banking mismanagement as the cause of the Savings and Loan Crisis. Poster Comment: RP is spot on. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: BTP Holdings (#0)
Repudiate the fake, fiat debt. Go Icelandic on the zio-bankers. They've made their trillions and trillions, now fuck-off and die. We can print our own debt-free currency. “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Americans and their satanic worship of mammon have everyone of these things coming to 'em.
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