Congressman Ron Paul discusses the riots in Greece, the start of a currency crises, and the consequences of not having sound money.
Dr. Paul believes we’re now shifting from the financial crises to a currency crises and the world is in for big trouble. “In terms of gold, the dollar has been rapidly devalued,” says Dr. Paul. “This means that gold is acting as money.” He notes that paper currencies are being given up.
“It is a world problem. We’re going to be the last one to fall because we still have the dollar and people still think the dollar will save everybody.”
Dr. Paul notes the importance of fully auditing the private Federal Reserve, the source of both the financial crises and currency crises.
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