Congressman Ron Paul, A US Dollar Crises

Posted on October 25, 2008 , filed under Stocks | Print This Post

Raw Greed readers should pay special attention to the Fox Interview below where Texas Congressman Ron Paul speaks about a US Dollar crises.

Here are some notable quotes taken from the interview:

“What we are doing here is guaranteeing the devaluation of the dollar.”
“This country is bankrupt and we wont admit it.”
“Eventually the dollar will go bust.”
“We are on the verge of destroying our dollar.”

If our global lenders lose faith in the US Dollar, the devaluation of the currency is nearly inevitable. I believe a collapse of the dollar is unlikely, however some degree of hyperinflation has been guaranteed by the Fed’s monetary policies. Lowering the Fed funds rate and printing money at a voracious pace will ease access to credit and has been the formula for recovery since the Greenspan era of the Fed.

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