Ron Paul does not believe the U.S. will break into separate countries, like the Soviet Union did, but expects changes in the U.S. monetary policy, as well as the crumbling of the country’s “overseas empire.”
The godfather of the Tea Party movement and perhaps the most prominent right-leaning libertarian in America, Ron Paul, believes the economic boom the United States experienced under President Trump could be a “bit of an illusion.” Mr. Paul sees inequality, inflation, and debt as real threats that could potentially cause a turmoil.
Interestingly, the topic of one of Mr. Paul’s recent podcasts was bitcoin.
“The government, for its own reasons, monopolized the creation of money. Money originated in the marketplace. Let people sort it out,” he says.
Apart from criticizing Donald Trump, the “Tea Party’s Brain,” as some journalists have called him, criticized Attorney General Jeff Sessions. Mr. Paul considers Sessions to be a threat to civil liberties. According to Paul, Trump’s foreign policy is a “total disaster,” as well as the war on terrorism and the “war on immigrants,” as Mr. Paul puts it. He went as far as calling these policies authoritarian-fascism.
jtmoney219: Maybe he should call his son, a sitting us senator, who just voted for 2 trillion tax cuts, to maybe address the issue he’s so certain of.
Glassclose: ron paul has been yelling the end is coming since before 2012.
it’s kind of contradictory isn’t it, saying that the economy is an illusion yet it will collapse. if it’s an illusion, or straight up manufactured then it stands to reason it can be manipulated and kept alive, since it’s not even real right?
one major problem we have is money being printed out of nothing, devaluing the currency, how do you solve it? let people dump your currency into digital currency and then let that market crash, wiping out tons and tons of excess dollars.
mr3ric: I think the problem is that our infrastructure is being allowed to rot from the inside out. All the while we continue to measure “success ” as gains in capital. I feel that once people realize the time they invest into earning money means nothing in a decayed soceity, then there will be panic. In many ways, this could explain the public intrest in crytpo currency…
HillZone: The economy is fake as Bill Hicks said.
Amidza: **Submission Statement**
As a non-American, I think you guys really missed your chance in 2012. If Ron Paul was elected, things would have been different. This is a good article in which he discusses Trump’s foreign policy, what he calls “the crumbling of America’s overseas empire”, bitcoin and more. Belongs in this sub because he discusses the economy and the nature of money, calling the American economy “a bubble and an illusion, built on governmental, corporate and personal debt.” The government, for its own reasons, monopolized the creation of money. Money originated in the marketplace. Let people sort it out.
RagingSatyr: Why wouldn’t you link directly to the fucking interview?
joseph177: A digital currency was always the endgame. There is no way to avoid taxes with digital currency.
It was spelled out to us in freedom to fascism documentary by aaron russo years ago.
Born2Memes: As broken as a system it is, the powers that be will never let it crash because they have too much to lose in the wreckage.
monopoly_man_pass_go: As much as I like that Ron Paul addresses questions that other don’t, does he ever really come up with actionable solutions?
I think it is important to bring up these issues as he does but we need solutions.
I know he has said that we should go back to the gold standard but the fiat train has left the station and I think switching to gold is not really possible without shooting ourselves in the foot.
HoundDogs: Well, in Sessions defense, pretty much everyone in government could be called a threat to civil liberties by Ron Paul’s standards.
Not to say his standards are good or bad.
ButtHurtStalkers: If there’s one thing I’ve learned in life, it’s this: always ask your OBGYN for sound advice on macroeconomic issues.
DontTreadOnMe16: > The American economy is an illusion built on governmental, corporate and personal debt.
But please MSM, continue shouting at everyone about how much of a bubble/ponzi scheme/tulip mania fest Bitcoin is…
jerkedit: Ron Paul is yelling ‘fire’ in a crowded theatre for political points. He should be ashamed of himself. No right thinking person would shout such doomsday nonsense about something they’ve been charged to represent. Its flagrantly irresponsible, disloyal, and it should be considered accordingly for the damage such reckless statements can have on the economy.
venCiere: This article is very vague about the topics mentioned.
DasBeefcat: He is 100% correct. These ridiculous stock market gains are from nothing more than corporations buying their own stock and smoke and mirrors. It all started with the Quantitative Easing that Obama put into place during the Recession. Corporations were supposed to be able to borrow money at almost 0% interest and then start investing in the US, grow their businesses, which in turn creates jobs and wage growth. While some growth occurred, most of the cash went back into the companies, who are all sitting on stacks of cash and not doing what was supposed to happen. So, considering what they did with free money, why would a tax break make a difference? Especially when they all have the highest after tax profits in history? And then let’s just add what the Wall St CEOs said about it. Gary Cohn set up a very friendly meeting with them and a reporter. When asked how many of them would invest back in the US because of a tax break, a couple raised their hands. Shocked, Cohn asked why weren’t more hands up. They let him know that there isn’t a middle class anymore. So why would they start manufacturing plants or anything to try and sell to the middle class? Who cares!?!?!?! Let’s push it through anyway. The stock market is going to continue to go up but there will be a reckoning on this shit that has happened.