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Ron Paul: This is the biggest problem the world has ever faced

Ron Paul was on CNBC with probably the most honest and sobering assessment you will hear about where we are today, he said:

“What we are dealing with is the end of the $ world reserve standard. This is not minor, this is probably a bigger problem the world has ever faced”

and:

“What i worry the most about is the consecquence of the currency destruction is violence. and boy every day there is more and more violence, whether it’s in London or demonstrations in Israel all around the world, revolution going on and this is all related to this fictions notion about what money is and what it should be.

Further take aways are:

  • Gold prices don’t go up – the value of the dollar goes down
  • Can gold hit $3000? “Oh yeah, because the $ can go to zero”
  • Amazed the dollar standard has lasted this long
  • S&P downgrade in many ways irrelevant
  • There are no cuts

Must watch:

Link to this article: : http://www.goldmadesimplenews.com/gold/ron-paul-this-is-the-biggest-problem-the-world-has-ever-faced-4818/

Posted by on Aug 10 2011. Filed under Gold and Silver Media, Gold News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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