by Ron Paul: Saving
Face in Afghanistan
of 2009 Ron Paul warned of a US Dollar collapse when China stops
buying our debt in this video. There are many good points that Mr.
Paul points out in the video but none were more prophetic then calling
for the dollar bubble to burst. When the video was recorded the
US Dollar index was around 86. Today the US Dollar Index is currently
fact about this video is that shortly after this video was recorded
President Obama went on 60 Minutes and made the statement that “the
dollar is still strong.” Unfortunately the dollar was not strong
and we have seen that as a 10% drop has happened since the president’s
statement. For those of you wondering why the value of the dollar
continues to decline it is truly supply and demand.
Reserve Bank continues to print money at will. The billions of dollars
that have been created out of thin air because of the stimulus package
are only decreasing the value of the dollar. Not only is the value
of the dollar decreasing, the Federal Reserve Bank is causing people
to do things that they normally would not do. With extremely low
interest rates people are going to buy homes. There is no problem
with people buying homes except that many of these home buyers cannot
truly afford homes. For reference to this take a look at the subprime
Paul is a Republican member of Congress from Texas.
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