Ron Paul: Economic Collapse Imminent — Trump will Get the Blame Instead of the FED

Source: The Free Thought Project

If former Rep. Ron Paul (R-TX) is correct, an Economic Doomsday is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. That’s because, as Paul stated, the Federal Reserve has set up the American economy for financial collapse for printing trillions of dollars back in 2008 and 2009.

“The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis at some point in our future,” Paul stated. Going so far as to intimate the financial collapse will occur at least some time in the next two years Paul wrote, “It’s unavoidable, and even Donald Trump can’t stop it.”

Paul said Trump will be the patsy for the supposed impending financial ruin. Just like everyone blamed Obama for the financial collapse in 2009, this time, “Trump will unfairly get the blame,” the former Texas representative wrote. Paul bases his comments on reports he says he’s read which concludes that within the next 18-24 months, the collapse will happen.

The former congressman further explained he’s still holding out hope for Trump to make changes which can help to protect America’s future, but pointed out some of Trump’s staff has direct connections to Wall Street. He’s also concerned Trump’s war against radical Islam is a war Trump cannot win because it’s a war against an ideology, much like America’s failed attempt at defeating communism.

Paul believes Trump’s moving in the right direction to protect America’s interests by canceling America’s involvement in the Trans-Pacific Partnership (TPP) trade agreement with Asia. Paul also hopes Trump will pull American troops out of the at least 7 countries in which it is currently deployed and engaged in military conflict. “I say just come home,” Paul said when addressing having our military presence overseas. “Just get out of there and let the local people sort (the conflict) this out,” Paul said in response to how America should deal with hot spots like the Ukraine and Syria.

READ MORE:  Obama Instituted the ‘Greatest Transfer of Wealth in History’ to the 1%

Paul believes the former administration’s posturing and threatening of China was misguided and stated we’d be better of trading goods with China, and all of Asia, rather than trading threats. However, as te Free Thought Project pointed out, Trump is already carrying on this dangerous posture — and China is responding.

Paul warns there’s going to be an acceleration of black ops operations by the CIA and Special Forces missions such as the joint special operations command (JSOC) which, as The Free Thought Project has reported, answers directly to the President of the United States.

Paul, who has never supported Trump is concerned about Trump’s ego, wondering if he’s going to act on his impulses to go after the ideology of radical Islam. Paul reminded his viewers that the way to create more jihadists is to keep on provoking the moderate Muslims into becoming radicalized by reacting to U.S. military actions overseas — the exact same thing Trump is doing right now.

Paul praised President Obama’s actions to normalize relations with Cuba and he hopes that with all of the policy decisions the Trump administration is making, that Trump will maintain the policy Obama implemented with Cuba and continue to keep the negotiations open with our closest Southern Caribbean neighbor.

Paul noted that he thinks U.S. policy has created a “failed system” in the country. “All empires end and we’re the empire. It’s going to end and it’s going to be for economic reasons…we’re going to fail because we’re working within a failed system…this is a monetary problem…a spending problem…it’s going to be financial,” Paul emphatically claimed, once again stating the collapse of America is imminent. “We have something arriving worse than 2008, 2009, much worse…It was the fault of the Federal Reserve,” Paul said, adding, the Keynesian economic model contributed greatly to the first bubble burst. Paul said the left will blame Trump for it like the right did to Obama, but he says it’s bigger than the office of the president, and blames the federal reserve and the previous 17 years of governmental spending.

READ MORE:  Despite Global Economy Plummeting into Despair, Mega Banks Boast All-Time Record Profits If you think Ron Paul’s comments hold no water, think again. As the Free Thought Project reported last year, even the former chairmen of the Federal Reserve is predicting this crisis.

We are in very early days of a crisis which has got a way to go,” asserted Alan Greenspan to Bloomberg last year. “This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say…..I don’t know how it’s going to resolve, but there’s going to be a crisis.”

 

Ron Paul: Regardless of How America Votes, Americans Want a Different Foreign Policy

Source: Ron Paul Institute

By Ron Paul

I have said throughout this presidential campaign that it doesn’t matter much which candidate wins. Both Donald Trump and Hillary Clinton are authoritarians and neither can be expected to roll back the leviathan state that destroys our civil liberties at home while destroying our economy and security with endless wars overseas. Candidates do not matter all that much, despite what the media would have us believe. Ideas do matter, however. And regardless of which of these candidates is elected, the battle of ideas now becomes critical.

The day after the election is our time to really focus our efforts on making the case for a peaceful foreign policy and the prosperity it will bring. While we may not have much to cheer in Tuesday’s successful candidate, we have learned a good deal about the state of the nation from the campaigns. From the surprising success of the insurgent Bernie Sanders to a Donald Trump campaign that broke all the mainstream Republican Party rules – and may have broken the Republican Party itself – what we now understand more clearly than ever is that the American people are fed up with politics as usual. And more importantly they are fed up with the same tired old policies.

Last month a fascinating poll was conducted by the Center for the National Interest and the Charles Koch Institute. A broad ranging 1,000 Americans were asked a series of questions about US foreign policy and the 15 year “war on terror.” You might think that after a decade and a half, trillions of dollars, and thousands of lives lost, Americans might take a more positive view of this massive effort to “rid the world of evil-doers,” as then-president George W. Bush promised. But the poll found that only 14 percent of Americans believe US foreign policy has made them more safe! More than 50 percent of those polled said the next US president should use less force overseas, and 80 percent said the president must get authorization from Congress before taking the country to war.

These results should make us very optimistic about our movement, as it shows that we are rapidly approaching the “critical mass” where new ideas will triumph over the armies of the status quo.

We know those in Washington with a vested interest in maintaining a US empire overseas will fight to the end to keep the financial gravy train flowing. The neocons and the liberal interventionists will continue to preach that we must run the world or everything will fall to ruin. But this election and many recent polls demonstrate that their time has passed. They may not know it yet, but their failures are too obvious and Americans are sick of paying for them.

What is to be done? We must continue to educate ourselves and others. We must resist those who are preaching “interventionism-lite” and calling it a real alternative. Claiming we must protect our “interests” overseas really means using the US military to benefit special interests. That is not what the military is for. We must stick to our non-interventionist guns. No more regime change. No more covert destabilization programs overseas. A solid defense budget, not an imperial military budget. US troops home now. End US military action in Syria, Iraq, Afghanistan, Somalia, and so on. Just come home.

Americans want change, no matter who wins. We need to be ready to provide that alternative.

 

Ron Paul: The Path to Fed-Exit

Source: Ron Paul Institute

By Ron Paul

I recently proposed that the liberty movement capitalize on Brexit with “Fed-exit”: a campaign to “secede” from the Federal Reserve. Fed-exit could be accomplished with a few simple policy changes.

Passing Audit the Fed is a good first step toward Fed-exit. Contrary to the Federal Reserve’s propaganda, auditing the Fed will not reduce the Federal Reserve’s mythical “independence.” It will simply allow Congress and the people to learn the full truth about the Fed’s conduct of monetary policy.

READ: One Bank Owners

However, the desperation with which the Fed fights the audit bill suggests it believes increased transparency will boost support for Fed-exit. Considering what we discovered from the limited audit of the Fed’s activities during the 2008 financial crisis, the Fed’s fears may be justified. That audit revealed that between 2007 and 2008 the Federal Reserve loaned over $16 trillion — more than four times the annual budget of the United States — to foreign central banks and politically-influential private companies! Imagine what would be revealed by a full audit that includes looking at the Fed’s recent explosion of money creation via “quantitative easing.”

READ: Financial Reset on the Immediate Horizon

Once Congress and the public know the full truth about the Fed’s operations, we can begin working on ending, or at least reining in, the Fed. A good next step would be to explicitly forbid the Fed from making “loans” to private businesses or foreign governments. Section 13(3) of the Federal Reserve Act, which the Fed claims gives it the authority to provide “emergency assistance” to private companies, must be repealed.

Congress should also pass legislation reversing President Ronald Reagan’s executive order creating the “Plunge Protection Team.” Created after the 1987 stock market crash, the Plunge Protection Team’s “job” is to intervene whenever the financial markets appear to be on the verge of a meltdown, in order to prolong the Fed-created illusion of economic prosperity.

Congress should also restrict the Fed’s ability to purchase government securities, which the Fed uses to monetize the federal debt. Congress should also stop the Fed from manipulating interest rates. These actions would reduce the economic instability wrought by the Fed’s monetary policy. Ending the Fed’s monetization of the debt could also force Congress to not just halt the growth of, but actually begin to roll back, the welfare-warfare state.

READ: How the Federal Reserve Manipulates Interest Rates

The best way to rein in the Fed is to restore the gold standard. However, this must be a true gold standard, not the phony post-war Bretton Woods gold standard or the “gold price rule” promoted by the supply-siders. The “gold price rule” requires the Fed to raise interest rates whenever the price of gold matches or exceeds a Fed-determined target. Thus, this rule still allows the Fed to attempt to “fix” the price of money. It just provides the Fed with another after-the-fact indicator that the latest inflationary bubble is about to burst.

The most important step toward Fed-exit and the restoration of a true free-market monetary system is the repeal of all laws that in any way restrict individuals from using alternative currencies. Under a free-market monetary system, some individuals will choose to use metal-based currency, while others will choose to use digital currency. Some many even stick with fiat money. The important factor is not the type of currency individuals use, but that people have the right to decide for themselves what unit of exchange they use for their economic transactions.

As long as the Federal Reserve is allowed to manipulate the value of money and support the welfare-warfare state, we will never have a truly free market or a free society. Therefore, all those who seek liberty, peace, and prosperity should join the effort for a Fed-exit.