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Ron Paul predicted the economic collapse in debates

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Glenn Beck: Where are the people that say, all of this stuff that the Fed is doing is socialism? We are socializing and nationalizing. Peter Schiff: Exactly. There was one, you know, Ron Paul, but they drummed him out of the Republican Party. He`s the only guy that has the courage to speak the truth. Look at what he says on the Senate Banking Committee when he talking to Ben Bernanke and when he talked to Alan Greenspan all these years. He`s talked all this. He`s warned about all this. But everybody has ignored him. Also, to solve this problem, you have to understand why we're in a recession. I believe we're in a recession. I think it's going to get a lot worse. They could do a whole lot by having sound money, where we don't print the money out of thin air. That causes the business cycle. That causes your bubbles. We're always dealing with the symptoms of the disease and never saying, "how did this come about?" You know, it comes about because we have a Federal Reserve that creates money and prints it out of thin air. There is a lot of malinvestment. That's the most important thing to understand about the inflation of the monetary system, is the malinvestment. Then, later on, people suffer. You wipe out the middle class. But the evil of it all is the vehicle for financing wars that we shouldn't be in and a welfare state that we shouldn't be doing. The longer you delay the recession, the worse the recession is, and we've delayed a serious recession for a long time. The housing market's already in depression and a lot of people are hurt and the standing of living in this country is going down. Look at what's happening to the dollar. I'm not sure exactly what he would do right now, but I do know that he was very sympathetic to the gold standard, and he told me personally that no great nation that went off the gold standard ever remained great. no great nation that went off the gold standard ever remained great. Howard Beale: Woe is us! We're in a lot of trouble! So. A rich little man with white hair died. What has that got to do with the price of rice, right? And *why* is that woe to us? Because you people, and sixty-two million other Americans, are listening to me right now. Because less than three percent of you people read books! Because less than fifteen percent of you read newspapers! Because the only truth you know is what you get over this tube.

Video Details

Duration: 8 minutes and 57 seconds
Country: United States
Language: English
Producer: norfair18
Director: norfair18
Views: 209
Posted by: kramerdsp on May 4, 2009

"Ron Paul tried warning the American people in the debates about the coming economic collapse. Those who ignored him, both citizens and an unjust media, did so at their own peril."

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