Dr. Ron Paul Blames the Fed for Building Market Bubble

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Dr. Ron Paul Blames the Fed for Building Market Bubble

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He was a force to be reckoned with in Congress. Yet even Dr. Paul could not reign in the Federal Reserve nor restore fiscal sanity to the federal government. At least he tried – unlike all the rest of the Capitol Critters.

 

Here, the other day, Dr. Paul spoke to CBNC about the bubble and who/what is behind it. Please watch:

 

Ron Paul’s Bubble Warning (VIDEO)

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Sorry about the lack of an embed…

 

The DOW just passed 23,000 for the first time ever. If this was the only measure of the economy, then we would be in the biggest and best boom in human history. But it is not.

 

Much of the growth is fueled by the constant stream of funny money coming forth from D.C. and NYC. And the Fed’s artificially low interest rates have contributed greatly to the inflation – of everything (except maybe your paycheck).

 

Dr. Paul correctly points out that the Fed knows what is coming and they are literally out of any ideas to fight the coming collapse. That’s just it: regardless of the cause(s), any and all economic bubbles eventually pop. We’re overdue here and now.

 

The most important thing to take away from this is that now is the time to take whatever measures you can to secure your financial position the best you can. That, and to remember who got us into the coming unpleasantness.

 

Dr. Paul is again correct in saying the Fed should not exist. But it does. And it taking a toll on us.

Perrin​​ ​​Lovett​​​ ​​​writes​​ ​​about​​ ​​freedom,​​ ​​firearms,​​ ​​and​​ ​​cigars​​ ​​(and​​ ​​everything​​ ​​else)​​ ​​at www.perrinlovett.me​​.​​ ​​He​​ ​​is​​ ​​none​​ ​​too​​ ​​fond​​ ​​of​​ ​​government​​ ​​meddling.

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