On Tuesday September 3, 2019, former Texas congressman Ron Paul appeared on an episode of the Quoth the Raven podcast to weigh in on the state of equity markets, the media’s role in indoctrinating the masses with Keynesian theory, how Tulsi Gabbard “isn’t getting a fair shake” and his view on the second amendment.
Here’s the former presidential candidate’s most recent take things, and the full podcast interview below.
On The Current State of the Market
When first talking about the state of the Fed and equity markets, Paul unloaded on Central Bankers:
“I think it’s historic. I think it’s coming to an end and I think we’re going to see a real real big bust in the economy because I think until we admit we are bankrupt both financially and morally, there can be no answers.”
He also commented that he believes the Fed understands the catastrophic path we are currently on:
“A lot of people know there’s problems. Even members of the Federal Reserve I think are much more aware of what’s happening than they’re willing to admit…”
“…the Fed will get rid of itself, because it’s not viable…”
Paul also spoke about a breakfast meeting he had with Paul Volcker decades ago, who he said was overtly concerned with the price of gold at the time. Paul said about gold:
“Gold is real money. Paper money only exists when you can fool the people…gold is the ultimate measurement of value. They know that…”
When asked about how to empower the ordinary citizen with knowledge of Austrian economics, Paul responded:
“It has to be by word of mouth, it has to be through education…because it’s ideological. The idea is that the universities are not the answer.”
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