Just recently, American author, economist, and retired politician Ron Paul discussed the growing tensions between China and Taiwan in an interview, as well as the US economy. Paul asserted that the U.S. economy “will come crashing down,” and further emphasized that “the debt must be paid off.”
“End the Fed” evangelist Ron Paul said that “the real world does not revolve around lies”
Former 2008 U.S. presidential candidateRon Paul {/i} Ron Paulbelieves that the U.S. government has gotten out of hand. Paul is well known for his beliefs in limited government, the Austrian economy, sound money, and anti-war.3 Three days ago, the former U.S. Congressman from Texas detailed that current President Joe Biden and his administration are far out of touch with reality.
“With each passing day, the Biden administration gets further away from reality,” Paul explained in a tweet (22).” Politicians are notorious for practicing deception, but even that begins to lose its “effectiveness” when the lies become constant. The truth (and those who tell it) is a breath of fresh air. The painful economic realities of government spending and Fed inflation are staring every American in the face.” Paul’s criticalstorm oftweets continued.
But we are repeatedly told not to believe our lying eyes that there is no recession, that inflation was 0%, that more reckless government spending bills continue. The real world is not Washington, DC. The real world cannot be driven by lies.
Sound Money Advocate Claims “Debt Must Be Cleared”
Paul also spoke about the U.S. economy, a view he shared with Peter Schiff, who spoke the same day with the Kitco News anchor about the collapse of the U.S. dollar. In the conversation, Paul criticized the inflation control bill and does not believe that this bill will do anything.
Paul told Lin that “the only way the [federal] debt is going to be liquidated, which is absolutely necessary over a period of time to make the markets work again … is through inflation. Collapse will come.” …… The debt must be liquidated. What I want is for [the U.S. government] to stop spending. We have to balance our finances. Not to add more debt. But politically, having spent a little time in Washington, that’s not going to happen.” Paul added,
The story is that it’s inevitable that the economy will collapse. Because we can no longer afford it, and it will come soon enough. The debt is there and we are not going to pay it off in the normal, honorable, moral way. We are going to keep going until the market wins. We need to default, and default comes from paying off the note with printed money.
Paul, who knows the solution but is of the opinion that “nobody politically will allow it”
In addition to Schiff, Paul joins many other investors, analysts, and economists who predict a bleak U.S. economy. Billionaire investor Bill Ackman believes that if the Fed does not continue to aggressively raise interest rates, the stock market will crash, triggering an economic collapse. Robert Kiyosaki of “Rich Dad, Poor Dad” fame has repeatedly warned that rising inflation could lead to a “Great Depression. Ricardo Salinas Priego, Mexico’s third-biggest billionaire, recently theorized that the United States could experience severe inflation. He also believes that Russia, China, and the five BRICS nations plan to create a new international reserve currency, which would seek to supersede the U.S. dollar.
Paul said that he did not know when the economic collapse would occur and that he did not know what would trigger it. However, the former congressman said, “It’s just beginning.” In an interview, Paul emphasized that “right now, it’s between the middle class and the poor, and the poor are on the street and the middle class is strapped for payment.” He added, “There is a solution. The American bureaucracy will have to operate in a completely opposite way than it does now,” he concluded the interview. Paul further opined.
Politically, no one will allow that to happen…All they have to do is stop spending money, bring all the troops home, give up on the welfare state, and make it a republic.
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