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 it will no longer carry any worth. I believe a dollar collapse is unlikely, however some degree of hyperinflation has been guaranteed by the Fed’s actions. Lowering the Fed funds rate and printing money at a veracious pace will ease access to credit and has been the formula for recovery since the Greenspan era of the Fed.

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Pingback by Alternative Currencies, A Look at the AUD to USD Chart : Online Investing | Investing in gold

2009-01-16 11:27:09

[…] With the mounting debt faced by the U.S. government, it makes sense to exchange a part of your USD portfolio into a basket of alternative currencies. Long-term the devaluation of the dollar is almost inevitable. For a refresher, please watch this video by Congressman Ron Paul that succinctly covers the subject of the falling USD. […]

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