Ron Paul insists that the U.S. economy’s “collapse will come” and he stressed that “debt has to be liquidated.” Inflation Economics
“The only way [the federal] debt is going to be liquidated, which is absolutely necessary over a period of time to get the market working again … is by inflation,” Paul told Lin. “The collapse will come … The debt has to be liquidated. The preference I would have is [for the U.S. government] to quit spending. Balance the budget. Don’t accumulate any more debt. But politically, having spent a little bit of time in Washington, it’s not going to happen.
I’m talking about the inevitable collapse of the economy, because we won’t be able to afford it, and that can come quickly. The debt is there, and we’re not going to pay it off in a normal, honorable, moral fashion. We are going to continue until the market wins — There has to be a default, and the default comes from paying off the bills with printed money.Besides Schiff, Paul joins a number of investors, analysts, and economists expecting doom and gloom for the U.S. economy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PolitiFact - Video showing Ron DeSantis arguing with Sean Hannity about a 'raid' is satireFootage of Florida Gov. Ron DeSantis arguing with Fox News host Sean Hannity about whether the search of Mar-a-Lago should be called a 'raid' went viral on Twitter. It took DeSantis' real comments about defining a raid out of context.
Read more »
Adele Says She's 'Obsessed' With Rich Paul, Reveals If They're EngagedThe singer is quotable as ever in her new interview for the cover of 'Elle' magazine.
Read more »
Adele Says She ‘Might As Well Be Married’ to Rich PaulJust in time for her Las Vegas residency, we have received several updates on Adele and her basketball guy. Hurrah!
Read more »
Paul Burka, Texas political journalism titan and “soul” of Texas Monthly newsroom, dies at 80Paul Burka, a former TexasMonthly editor who famously led a list of the best and worst Texas legislators, has died. The list “completely defined the lens for nearly 50 years of how we hold elected officials in the Capitol accountable,” evanasmith said.
Read more »