Preps and Solutions
(Sponsored Ads)
Silver
Strategic Relocation
Recently Posted Articles and Videos
Ready Nutrition - Homesteading and Preparedness
Ready Gardens - A Ready Nutrition Company
The Daily Sheeple
The Prepper Website
SGT Report
SGT Report
top Prepper Web Sites
Featured Destinations
The Liberty Mill
Web Destinations

Clarocet for Kids
Silver

Ron Paul: ‘When Our Financial System Crashes…The Elites…Will Suffer The Least’

Mac Slavo
January 10th, 2018
SHTFplan.com
Comments (32)
Read by 4,338 people

ron-paul

When the housing bubble popped in 2007, the Federal Reserve went to work to re-inflate the bubble by printing more money – quantitative easing. But the policy has made matters much worse, as now everything is a bubble, and according to Ron Paul, when it bursts, only the elite will come out unscathed.

The Federal Reserve has once again created an artificial and unsustainable economic bubble. Central planning still doesn’t work, and the sooner we move to sound money the better. Ron Paul discusses the monumental mess that The Federal Reserve has wrought.

“Some very serious consequences of this policy of unprecedented credit creation have set the stage for a major monetary reform of the fiat dollar system,” says Paul in a special report video. And the economic trouble that the United States is in should concern every single one of us. It is far from a minor issue.

As our financial system unravels, the seriousness of it will become evident to all, as the need to pay for our extravagance becomes obvious. This will make the country much poorer. Though the elite class that manages such affairs will suffer the least.-Ron Paul

“The housing bubble is back along with subprime loans. There’s an auto financing bubble encouraged by subprime loans for many customers. The stock market is in a bubble waiting to be pricked. The bond market is in a huge bubble as a result low or negative interest rates.”

The Fed wasn’t alone in its interventionist monetary policy. Central banks around the world followed the same prescription. All in all, the central banks of the world increased their balance sheets by $8.3 trillion, with only $2.1 trillion worth of GDP growth to show for it. That’s going to become apparent when all of these bubbles burst.

“This left $6.2 trillion of excess liquidity in the banking system that did not go where the economic planners had hoped. Central banks now own $9.7 trillion of negative interest-yielding bonds. The financial system has been left with a bubble mania, financed by artificial credit and unsustainable debt. The national debt in 2007 was $8.9 trillion; today it’s $20.5 trillion. Rising interest rates will come and that will be deadly for the economy and the federal budget.”

The biggest takeaway from Ron Paul’s report, is that central planning and large government never works out regardless of the intention behind both, and at the expense of liberty.

A compliant citizenry that fails to grasp the importance of liberty, and instead accepts dependency on government as a substitute for self-reliance guarantees that the bursting of the QE bubble will generate a much more serious crisis than it need be.”

Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
The Most Trusted Tactical Gas Mask In The World
Please Spread The Word And Share This Post

Author: Mac Slavo
Views: Read by 4,338 people
Date: January 10th, 2018
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

32 Comments...

Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
  1. John Stiner says:

    What is the definition of an “elite”?

  2. Jim in Va. says:

    Somebody more rich than I.

  3. CenterforEliteControl says:

    I dunno Mr Ron, where will the Elites go to, and avoid being raped pillaged and robbed of every resource they have? Sure they have security with full auto weapons, but the rest of us have more bullets.

    • Kevin2 says:

      The Financial System collapsed with the great depression yet “The Elite” still bought Packards. Your not getting close to them. Speak out against them in times like this and your disappear because they own government.

    • TallMan says:

      It won’t take long after a complete collapse for the elites body guards to figure out, that there is nothing stopping them from killing the elites, and taking all their supplys for themselves.

  4. The Deplorable Braveheart says:

    JS, I thought you knew. Big shot, someone who gets their wealth by illegitimate means.

  5. PO'd Patriot says:

    I don’t much care. There will always be the rich and the poor.

  6. the independent says:

    “”””””””””””When Our Financial System Crashes…The Elites…Will Suffer The Least’””””””””””””””

    come on Ron, that’s a no brainer, it’s always been that way

  7. Peg Greterson says:

    The elite will NOT be unscathed. With the breakdown of civility that accompanies the collapse, ANY appearance of wealth will be viciously attacked.

  8. Anonymous says:

    We are listening Ronnie. The rest of the world is not.

  9. Traitor Hator says:

    The so called elites. Are mostly people who inherited a lot of money? And are use to picking up the phone and getting anything they want delivered fast? So why stock up?

  10. Anonymous says:

    Pleased to meet you. Hope you guessed my name.

  11. Nailbanger says:

    Yea, they will suffer the least because all sensation stops when that copper jacketed bullet pops their noggin

  12. If you can’t change the system, you can still make the most of it. For example: by budgeting wisely, you can save enough to buy a house or two. You might not get rich, but at least you won’t be living under a bridge. Those people die when it snows, or they are forced to accept help from the government.
    _
    _

  13. Logicrazy says:

    The very nature of debt is destructive. Yet most folks go into debt to live beyond their means. Inflation encourages debt, because it inflates prices in fiat currency beyond what most can pay without going into debt. The entire system is corrupt, and if it fails we will all be better for it. Houses should not be one, two, five hundred thousand. Vehicles fourty thousand. All due to inflation. It’s nuts, but it is how it is because the system has been allowed to grow into this mess.

  14. Hunter says:

    if humans have a brain left they wont let the elite screw them over again and get away with it. remember, never forget, never forgive.

  15. ronna says:

    Non issue for the time being. Look at the debt ratios over the past 50 years. We are in better shape now than we have been many times in the past.(Especially now with Trump in charge!) You will know the SHTF when we can’t sell bonds. So far, the demand is higher than the supply. I hope it lasts until I croak! Remember, they were spouting this exact same line back when Carter was in office and the debt was around 300 billion. Had they only known!

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Commenting Policy:

Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn't immediately available. We're not trying to censor you, the system just wants to make sure you're not a robot posting random spam.

This web site thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.

 

Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

Dedicated IP Address: 69.167.174.108

The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.