Ron Paul Political-Economic Analysis
Like he's always done, Ron Paul speaks truth to power in this interview with Kitco.
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He comments on the Ukraine situation, and weighs in on the financial crisis that faces our nation, which has been caused by the insane borrowing and spending by the criminal, illegitimate federal government over the past 40 years, a time period during which over $8 trillion has been added to our country's National Debt, which is now over $30 trillion Dollars. By comparison, when Clinton took office, our National debt was only $500 billion.
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That unnecessary spending has hurt all Americans by devaluing and debasing the Dollar even more than it has already since we were unconstitutionally taken [completely] off the Gold Standard in 1971 by Nixon. The inflation this reckless spending has caused in consumer prices has hurt every American by reducing our standard of living and essentially bankrupting our nation.
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The Dollar, in fact, is on the edge of extinction, with it's status as the World Reserve Currency now being challenged by the BRIC nations, and by the fact that Saudi Arabia may soon start accepting something besides Dollars for it's oil. When that happens, all the fiat U.S. currency that you have in the bank, or under your mattress, will be worth NOTHING.
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If I had a substantial amount of money, and wanted to preserve its value, I would definitely buy gold and silver while it's still available, because it's selling out quick everywhere.
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We need to return to the Honest Monetary System that is still mandated by our nation's Constitution, but was unconstitutionally thrown overboard by traitors in D.C. in 1913. Unless we do that, the future of humanity is bleak. After all, history proves that all fiat [unredeemable, unbacked] currencies such as ours always return to their original value--ZERO!
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SEMPER LIBERTAS
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