Just recently, American author, economist and former politician Ron Paul spoke in an interview about rising tensions between China and Taiwan, and also about the US economy. Paul argued that “the collapse is coming” for the US economy and stressed that “the debt must be paid off”.
‘End the Fed’ Evangelist Ron Paul Says ‘The Real World Can’t Run on Lies’
Former Candidate in the 2008 United States Presidential Election, Ron Paul, believes the US government has gotten out of hand. Paul is well known for his stance on limited government, the Austrian economy, sound money and anti-war beliefs. Three days ago, the former US representative to Texas detailed that current President Joe Biden and his administration are far from reality.
“With each passing day, the Biden administration drifts further. [and] Out of Reality” Paul explained on Twitter. “Politicians are notorious for deceiving, but when lies become the norm, their ‘effectiveness’ begins to diminish.truth [and] Whoever speaks it becomes a breath of fresh air. The painful economic reality of government spending and Fed inflation faces every American. Criticism of Paul storm of tweets continuation:
Yet it is repeatedly said that it is not [to] Believe our lies — “There was no recession,” “Inflation was 0%,” [and] This is followed by even more reckless government spending bills. The real world is not Washington DC. The real world cannot run on lies.
Sound Money Advocate Claims ‘Debt Must Be Settled’
A few days before those statements, the former congressman spoke out about Nancy Pelosi’s visit to Taiwan and tensions between China and Taiwan. The interview was conducted with Kitco News anchor and producer David Lin.
Paul also spoke about the U.S. economy and shared similar views with Peter Schiff, who on the same day was an anchor for Kitco News and spoke about the demise of the US dollar. I believe the bill does nothing.
“the only way [the federal] Debts will be cleared, but this is absolutely necessary over a period of time to get the market working again … due to inflation,” Paul told Lynn. “The collapse will come…the debt must be cleared. I prefer [for the U.S. government] stop spending. Balance your budget. Please don’t add more debt. But politically, having spent some time in Washington, it’s not going to happen.”
What I’m talking about is an economic collapse is inevitable. Because you won’t be able to afford it. Because it can happen quickly. The debt is there and we are not going to pay it back in any normal, honorable, moral way. comes from paying
Paul knows a solution, but opines ‘politically no one will allow it’
Besides Schiff, Paul joins the many investors, analysts and economists who are predicting doom and gloom for the US economy. Billionaire investor Bill Ackman believes that if the Fed doesn’t continue to raise interest rates aggressively, the stock market could crash, triggering an economic collapse. Rich Dad Poor Dad Robert Kiyosaki has repeatedly warned that rising inflation could lead to a ‘Great Depression’. Ricardo Salinas, Mexico’s third-richest billionaire, recently explained that the United States could experience severe inflation. Moreover, people believe that Russia, China and his BRICS countries are aiming for US dollar hegemony as they plan to create a new international reserve currency.
Mr Paul said he didn’t know when an economic collapse would occur, saying: “I don’t know what event will trigger it.” That said, the former congressman said, “We’re just getting started.” “Right now the middle class and the poor are out on the streets and the middle class can’t pay the bills,” Paul stressed in an interview. He concluded the interview by pointing out that there is a solution and that the US bureaucracy will have to operate in a way that is quite the opposite of how it is now.
Politically, no one will allow it… What they should do is stop spending money, take all the military home, give up the welfare state, and turn us into a republic.
What are your thoughts on Ron Paul’s outlook for the US economy and how he believes a collapse is inevitable? Let us know your thoughts on the matter in the comments section below.
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