This article was originally published by Adam Taggart at PeakProsperity
Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies.
Dr. Paul served as the US Representative for Texas’s 27th Congressional District from 1976 to 1985. He then represented the 14th district from 1977 to 2013. He ran for the office of US President, three times, most recently in the 2012 Republican primaries. Dr. Paul also had a long career as an OBGYN over which he delivered more than 4,000 babies.
The recent author of the book, The Revolution At Ten Years, Dr. Paul looks ahead at the future of the movement he helped launch — tackling central planning, the military empire, cultural Marxism, the surveillance state, the deep state, and the real threats from these institutions to our civil liberties.
As a multi-term member of Congress, Dr. Paul knows the players and policies responsible for the growing unfairness and inequality now rampant in society. He does not expect the offenders will reform willingly. Instead, he predicts the system will collapse under its own unsustainability — offering a rare and valuable chance then for more sound and fair solutions to prevail:
Wealth doesn’t come from the creation of money, especially a fiat system. With too much fiat money and all this credit, eventually the economy becomes exhausted and engulfed with debt and mal-investments. The treatment for this is a correction; you have to allow the debt to be liquidated. You have to get rid of the mal-investment and you have and to allow real economic growth to start all over again. But that wasn’t permitted in ’08 and ’09, which is why there’s been stagnation. It’s hard to believe that today we have negative interest rates — real rates are negative and people still aren’t grabbing them up! A shortage of money isn’t the problem here; rather, it’s a shortage of understanding market conditions.
We’re over-taxed and over-regulated. This is resulting in a destructive system that has divided the country into two groups: those who haven’t recovered from the Great Financial Crisis versus those who are getting very rich because they’re on the receiving end of the new money created by the Federal Reserve. The people who get to create the credit get to distribute the credit, which always results in a situation where money becomes unfairly distributed, as its allocation is no longer dependent on productivity.
We haven’t changed anything. We still have a system where we encourage people to borrow money, that debt doesn’t matter, and we’re not going to cut taxes, and we’re not even going to admit that we spend too much money. Nobody can cut anything — that’s why Washington is at a stalemate. A lot of people don’t like Obamacare, but there’s enough people who do like it. Once it has been implemented, it’s very hard to get rid of a program. I also don’t think that the proposed tax reforms will actually lower taxes. They never do. Our politicians won’t admit where the real problem lies: overspending, monetizing the debt, taking over the whole world through the monetary system, financing wars, financing welfare and the military industrial complex. It’s going to continue until this whole thing comes apart.
The eventual event will be driven by the marketplace. When it comes undone, they will no longer be able to prop things up just by printing more money. If we have a sharp downturn and they decide, “Well, QE didn’t work because it wasn’t enough.” and they double QE, there’ll be a point of no return and all confidence will be lost. We’ll dump the dollar. Interest rates will go up instead of down. That will make all the difference in the world because it will be unsustainable and create real challenges for the dollar remaining the reserve currency. When the dollar no longer serves as the world’s key currency, that’s when the ballgame will be over.
Click the play button below to listen to Chris’ interview with Dr. Ron Paul (29m:56s).
The voice of sanity. Corruption isn’t in the system, corruption is the system.
Corruption is the system? When did the Clintons take charge of the system?
Kevin2, agreed. Dr. Ron Paul used to be the only HONEST person in the entire Congress. I supported him all 3 times he ran for the Repubican nomination. Its the biggest damn shame he was never allowed to get nominated, become POTUS, and accomplish what President Trump is trying to do now. Dr. Ron Paul is one of the VERY FEW people I trust all the way.
I do agree with what he says, but I am suspicious that he takes fees for sponsored content. It won’t be long before he and William Devain will be selling gold for Roslin Capital.
Tell us something we don’t know.
I think we are WELL PASSED the point of no return, not just reaching it now.
As long as we, the American people, sit on our collective asses and not demand the physical changes necessary within our 3 branches of government we deserve what we get.
Do you write your legislator frequently? Do you call your State representatives about issues? Do you show up at local governmental meetings to see how your money is being spent? If the answer is “no” then you should show no surprise if decisions are made that make you less “free”. Come on people, this is a democratic REPUBLIC…. The founding fathers risked everything to give you the best government ever seen on the fqace of the earth. But it only “works” when you do!
One must always keep in mind that regardless the way things are it is that way because some one(s) benefit from the way it is. The way things are will only change when those who have benefitted no longer do so. It is as simple as that. In the history of the world, ultimately no matter what type of gov’t, or culture, or religion, or geographical location this the way it has been. A society will eventually but ultimately reach a point of maturation that those who strive the most for power, wealth, and status come to oppressive control. The framers of our Constitution saw that, that’s why Jefferson said “the Tree of Liberty must be refreshed from time to time with the blood of patriots and tyrants.”
TDBh – Ron Paul error severely in thinking or stating we are “Nearing” the point of no return. Personally, I think we’ve come so damn far from that spot in time that the Hubble telescope would have a problem seeing it.
RP said, “you have to allow the debt to be liquidated.”
Wait a minute. Stop, please.
Money, as you have just described it, is an abstraction. It is an idea.
Are you saying that we repudiate an odious debt?
Or, are were supposed to liquidate tangible commodities?
He is saying that the debt eventually must either be repaid or cancelled. It cannot keep growing forever through various contrivances and manipulations designed to kick the can down the road so to speak.
He is a student of Friedrich Hayek, an economist and father of the “Austrian” school of economic thought (and quite correct).
Stuart, agreed. The debt is literally impossible to repay so eventually I think Dc will default on the debt. They won’t have any other choice.
Don’t forget about inflation.
They think they can inflate their way out of debt.
Inflation is a concern I’ve voiced
for years, especially as they artificially
force inflation of +2-3% as a policy.
The US cannot default as we hold the vast
majority of our debt and it is owed to
social security, our own citizens,
and other retirement stuff.
About 1/2 my pension income comes from
Federal Government issued bonds that my
pension provider invested in.
Unless it is a time of REAL war,
Federal debt get paid first, before
every thing else.
Look our Federal debt up sometime.
I wish for a real depression that causes a
market based restructuring. Stock, real estate,
Precious metals, et al. prices are all
manipulated and un-realistically high.
Expect a depression before hyper-inflation.
Beaumont, it’s the GOVERNMENT that keeps borrowing more money every year and incurring all of this debt, NOT WE THE PEOPLE. We the people do not owe any of that money to anyone so we are not responsible for the debt. We don’t have any obligation to BAILOUT the government because of stupid decisions they made.
Are they really borrowing when they are borrowing from themselves?
The way it is set up, we are borrowing
and our kids will pay it back.
Due to Democrat policy, it is unlikely
they will be able to provide for
themselves, much less pay back what
Democrats used up, in their greed.
Hopefully my Grandson throws his hands up
and goes Galt like his GoomPa.
The system which includes government,press and Hollywood is corrupt. It would take a revolution or WW3 to change it.
I generally agree with Ron Paul, except for his
push for military isolationism. We don’t need to be the world’s policemen, but we need to be the most successful player
in the world game. However we need a honest, disciplined, and
non-corrupt IMC, not the corrupt system we have now.
He is right, the system will fail. We should have let every thing
go Bankrupt the last time around, The next time there will be no salvaging the corrupt institutions, nor should we save them. Let GM fail! They make over priced crap vehicles.
As for the dollar, if someone is stupid enough to trust European socialists, Russian patriots, or China Communists to provide a stable fiat currency then they deserve the chaos they will endure.
I’ll stay with the phony Dollar.
We don’t need to be a player. We just need a defense that is sufficient.
Read Sun Tzu “Art of War” and get back to me.
We agree more than you know.
In todays world, with today’s weapons, it
could be over with, in mere minutes.
We cannot defend against many of the weapons
aimed at us. By the time we can react,
you’ll be dead. Best to stay involved.
The “old ounce of prevention is worth a
pound of cure”.
You are right. ‘Getting out’ of Iraq left a void that was quickly filled by enemies of Civilization underestimated as a JV team. We live in a ‘tiger pit’ and we may have grabbed too many tails (no pun intended)! Hard to disengage and let go at this time. Did Ron ever serve overseas in the military?
This site is being blocked at various locations where I work. I don’t know if anything can be done about it?!?
Louisiana Eagle ?
Rellik was changed by autocorrect. Sorry!
The goal is to destroy stable governments in the oil rich middle east and leave them with chaos. The oil flows and there is no cohesive government in a position to challenge things like the means of payment namely the oil peg. The instability “justifies” the continued US military presence, the Military Industrial Complex gets continuous sales.
What has occurred is exactly the desired outcome.
There is a big difference between having a trained and ready military and taking that military and invading other nations. But the MOST dangerous treasonous organization is the “intlligence agencies”. They do NOT work for our government, but against it. They cause MOST of the trouble we have in other nations, run drugs and weapons – even to those who use those weapons against our military, etc. NOT one in those agencies KEEP their Oath which is a felony (at the least 1) and Perjury.
Aong with those traitors are the Military Congressional Industrial Complex.
Cal, shut down the CIA and MIC and a lot of problems would be solved.
No argument there. Agree 100%.
disagree, the prob is the fake money hegemon- the “hegemoney”
Rellik, damn good points, especially about GM making crappy vehicles. I used to be an old Chevy man but I wouldn’t touch any chevys produced within the last 10-15 years. I’m also sticking with the dollar cause it’s all we have.
I had a 1991 S10 bought new. It had the 4.3 liter V6 (a 350 CID with two cylinders lopped off). Used Mobil 1, got mainly highway miles, sold it at 200K miles in 2002. No major repairs, (breaks, exhaust system). Original ball joints, tight suspension. The AC still worked. Silver Paint was the issue.
Among other things, Article I, Section 10 of the Constitution of our Republic says, “…No State shall coin Money, emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts…”
The relentless progression of progressivism under Wilson, removal of gold as specie by FDR and the removal of silver by Nixon sealed the fate of the Constitution. We now live under a system of Socialism, Marxism and Communism.
Revolution seems far in the distance.
Nonetheless, keep your M1 handy and an edge on your
Loaded in the desert.
The country has been socialist since the nineteenth century when the socialist schools [indoctrination centers] were accepted.
Ron Paul hits all the right ding words to get people to follow him, but he’s controlled opposition just like Alex Jones.
Many are unaware that the large influx of truth movements have been created by the elite as propaganda tools.
The coming elitist created “natural disasters ” fulfilling religious prophecy will have many people fooled.
Wasn’t it J P Morgan who bailed out the banks in 1939? The great depression?
How much money, plus interest, did J.P Morgan make on that deal?
Maybe we should have started over then, with only individual citizen banking.
Raising a barn probably would have cost $40. Building a house might only
cost $80 or 3 days of work exchange….a cow…..three chickens….and
3 Sunday dinners. (Or whatever the exchange was agreed upon.)
That way all money or goods stayed within the community of savers, rather
than to the Grand Poopah somewhere in neverland, making $70 for every $80
Ron Paul’s son, US Senator Rand Paul, just got beat up by his neighbor, who is an avowed socialist:
“While mowing the lawn in front of his Bowling Green house last Friday, Senator Rand Paul (R-Ky.) was tackled at full speed from behind by his next door neighbor, Rene Boucher. Initially Paul said his injuries were minor, and local police charged Boucher with misdemeanor “assault in the 4th degree, minor injury,” punishable by up to a year in jail and a $500 fine.
But Paul was later diagnosed with five fractured ribs, three of them displaced, with recovery likely to take weeks if not months. As jailer Stephen Harmon told Fox News on Monday, “Other charges [against Boucher] may be pending.”
Not only did Boucher’s blindside hit on Paul catch him by surprise, it also caught some neighbors and friends by surprise as well. They knew they were political opposites — Boucher a socialist and Paul a constitutionalist — but living next door to each other, they often walked their dogs together, said Jim Skaggs, a member of Kentucky’s Republican Party executive committee.”
In the 1970s they called this ‘picking winners’. And we are seeing the same thing now. All this fictitious money being manufactured is now being distributed to society’s new picked winners: blacks, illegal immigrants, women, and diverted away from whites, white men, Europeans, etc.
This is wholly destructive of the economy because those who are getting this money do not know how to make real money, nor how even to behave.
Must be pre-selected women then. Not a penny has come my way that I haven’t earned with my labor either in an office or some other type of job (one-off things people have asked me to do with other skills I have).
Frank: 100% correct. Let’s be honest, it is open season on whites and especially white males. I am so sick of this garbage. White males make the world move and that is the damn truth. All the blacks and women and muslims and on and on can piss off.