The global dollar-based monetary system is in serious jeopardy, according
to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet
Yellen’s assurances that there won’t be another major crisis in our lifetime,
the next economy-cratering fiat-currency crash could happen as soon as next
month, Paul said during an interview with Josh Sigurdson of World Alternative
media. Paul and Sigurdson also discussed false flag attacks, the dawn of a
cashless society and the dangers of monetizing national debt.
Paul
started by saying Yellen’s attitude scares him because “central bankers are always wrong –
especially before a bust.”
“There is
a subjective element to when people lose confidence, and when is the day going
to come when people realize we’re dealing with money that has no intrinsic
value to it, we’re
dealing with too much debt, too much bad investment and it will come to an end.
Something that’s too good to believe usually is and it usually ends. One
thing’s for sure, we’re getting closer every day and the crash might come this
year, but it might come in a year or two.”
“The real test is can it sustain
unbelievable deficit financing and the accumulation of debt and it can’t. You
can’t run a world like this, if that were the case Americans could just sit
back and say “hey, everybody wants our money and will take our money.”
Paul
advised that, for those who are already girding for the crash by buying gold
and silver and stocking their basements with provisions like canned food and
bottled water, the rewards for their foresight will only grow with the passage
of time.
“Actually, the longer it takes to
hit, the better it is for us. The more we can get prepared personally, as well
as warn other people, about what’s coming.”
“It’s a
sign that the authoritarians are clinging to power so they can collect the
revenues collect the taxes and make sure you’re not getting around the system. That’s
what the cashless society is all about. But it won’t work in fact it might be
the precipitating factor that people will eventually lose confidence when the
crisis hits. They say the crisis hasn’t come – welI in 2008 and 2009 we had a
pretty major crisis and what we learned there is that the middle class got
wiped out and the poor people got poorer and now there’s a lot of wealth going
on but it’s still accumulating to the wealthy individual.”
“People say it might not come for
another ten years – well we don’t know whether that’s necessary but one thing
that’s for sure when a government embarks on deficit financing and then
monetizing the debt the value of commodities like gold and silver generally
goes up.
Asked
about intelligence agencies and their growing willingness to stage so-called
false flag attacks to help push their hidden agendas, Paul asserted that the
gassing of a village in Northern Syria – an attack that was widely blamed on
Assad – was in reality orchestrated by his political opponents to try and goad
the US into escalating its campaign of violence against Assad’s regime. The
tactic that was ultimately successful, inspiring US President Donald Trump to
fire a fusillade of cruise missiles at a Syrian airstrip.
Americans
don’t realize the extent of the media brainwashing to which they are subjected
– particularly when it comes to
issues like interventionism and protecting the US military-industrial complex
that are the subject of universal consensus in Washington.
“I guess
people get brainwashed and people who totally depend on the mainstream media
will hear it over and over. When
you think about bashing Russia right now or Iran it’s so overwhelming it’s
bipartisan. The two parties argue back and forth but on the big issues the
federal reserve, monetizing debt and the continued buildup of
the military and the US policing the world they don’t really argue about that.
It’s a psychological thing that people accept us pricing the world.”
Paul
also pushed back against the Trump–Russia collusion narrative, blaming both
parties’ deep-seated hatred of Presidnet Vladimir Putin is the real animus
behind the investigations and all the news coverage.
“I saw
something yesterday and I happen to believe the story it said that one of the
reason Hillary lost is because she was seen as the war candidate and Trump was
the peace candidate. Trump talked about friendship with Russia. It goes to
show how the people are on our side on the war issue, and on central banking
and on how the military-industrial complex rips us off, and how corporatism
really hurts the people but the problem we face is a lack of education because
they say “well that’s capitalism” and that isn’t true. What we have now is government welfare
interventionism. We should prove to them that free markets are different, and
why there’s such a discrepancy in wealth distribution. That principally has
come about because of monetary policy by the Federal Reserve.”
When
asked about defamatory comments made by lawmakers like Arizona Sen. John McCain
that were directed at his son, Kentucky Sen. Rand Paul, the elder Paul
dismissed them as “ridiculous.”
“When
they answer our challenges and principals we believe in just by name calling
they should just be laughed at because it’s so ridiculous and they lose
credibility.”
Paul
also took a moment to praise Sigurdson, a Canadian citizen, for having the
temerity to question the far-left hegemony that reigns in his country. Paul
added that it’s incredibly important that young people like Sigurdson build
media platforms where alternative viewpoints can flourish.
“People have to have curiosity around what individual rights mean. I
believe people don’t have a right to other people’s stuff, I’ve taken the
position that individuals don’t have a right to medical care and that is so
challenging to humanitarianism but when it’s explained, and you have to get the
explanation out there, people start to understand.”
He
closed the interview with a warning about the dangers of Keynesian economics,
deficit spending and central bank monetization of government debt.
“What
happens when the bus comes? Do you think the people in Venezuela are very happy
with their socialized medicine? It has to be about changing people’s minds, but
first you have to be in a position of leadership. The big
opportunity that’s coming – this collapse that’s coming is an opportunity. The
20th century is living proof that fascism, communism and authoritarianism and
world wars – total failure.”
“The
attitude right now is that Keynesianism and deficit financing and printing
money and militarism is the solution but it’s all coming apart, which gives us
the opportunity to defend a moral system…to have peace and prosperity.”
Reprinted with permission from Zero Hedge.
