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Ron Paul: Watch out. Dollar's in a 'huge bubble'

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posted on Apr, 16 2015 @ 07:11 PM
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a reply to: CharlesT

In another country where the US dollar buys more.
According to NSA sources the cost of "shelter" has been steadily increasing at only around 3% per year in the US.
Even though the housing market collapse sidelined a lot of building permits for new construction there doesn't seem to be any housing shortages. A lot of the Millennials are living at their parents home or sharing accommodations with friends.


edit on 16-4-2015 by Cauliflower because: (no reason given)




posted on Apr, 16 2015 @ 07:29 PM
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originally posted by: Expat888

originally posted by: bobs_uruncle
a reply to: greencmp

We need a currency that is controlled by a fiscally responsible government, not ef'ing bankers.

Cheers - Dave


Erm.. you do realise that there is no such animal as a fiscally responsible government ? youd find a yeti or unicorn before you find a fiscally responsible government ...


It's quite sad isn't it, how easily people are turned.

Cheers - Dave



posted on Apr, 16 2015 @ 07:31 PM
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originally posted by: interupt42

originally posted by: bobs_uruncle
a reply to: greencmp

We need a currency that is controlled by a fiscally responsible government, not ef'ing bankers.

Cheers - Dave


True , but a few presidents that were looking into the bankers ended up 6 feet in debt.

The system is to well greased, the people to distracted and to busy for anything to change.


If every person would send me $10 I'd sort it out, just don't ask me to explain how. I am pretty sure what I might propose is way over the top of the TOC. LOL

Cheers - Dave



posted on Apr, 16 2015 @ 07:37 PM
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a reply to: greencmp

Gold is only inherently valued because it's a shiny metal that's easily distinguished from all the other metals. The only actually useful property of gold is that it's an excellent conductor of electricity that doesn't corrode. Other than that, its price is driven simply by humans acting like magpies and a stupidly ingrained cultural desire for what's perceived to be rare.

You want to stick to outdated notions like basing currency on an arbitrary metal? Use iron. It's common, it's stable, and most importantly, iron is the backbone of civilization.



posted on Apr, 16 2015 @ 07:45 PM
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a reply to: ShadeWolf

The reason gold has been used as a currency throughout human history is because it is universally recognized to hold value and is non-counterfeitable.

Primarily, it is easily transported, does not oxidize, is rare and is easily identified by the average person.

Nowadays, while you can make gold, it is far more expensive than acquiring existing amounts.

Do you believe that fiat currency is less arbitrary or counterfeitable?

I would recommend some economists but, I suspect you wouldn't be interested.



posted on Apr, 16 2015 @ 07:55 PM
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The dollar has been a faith based currency since the Fed made everyone turn in their gold in 1933.

When the dollar was taken off the Gold Standard, the words "In God We Trust" on the currency were never proven more right.

The US dollar isn't backed by ANYTHING other than people's faith that it's a strong currency. Not backed by gold, resources, nothing.

There is absolutely no logical reason that ANYONE should see the US Dollar as a strong currency. Debt is more than 100% of GDP, with zero plan to repay any of it. Not a single plan in Washington balances the budget, every plan from both parties increases the debt. Not a single plan produces a surplus to pay off the debt.

The USA is like the neighbor that has all the toys but is up to his eyeballs in debt to pay for it all, and just keeps on borrowing to finance a lifestyle that they can no longer afford. The bank has the idea that he's a good risk because "well, he has all that stuff, he must be good for it".

When the collapse comes for these people, it's usually spectacular, as it will be for the United States.

It doesn't take much for uncertainty to appear. A well placed rumor in the media can create a market crash or a boom, or collapse a government overnight.



posted on Apr, 16 2015 @ 08:17 PM
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Faith-based currency systems are set up to fail. The monetary policies of this country and by default the better part of the world that relies on this system of lies has been broken since at least the end of the industrial revolution, But its inception had been planned long before that.
Remember this. The wealth of a nation does not simply vanish. It gets consolidated. Ask Greece, Romania, and countless other countries. The debts that we owe as a nation will be paid. Japan is looking to overtake China as the largest holder of U.S debt. When the truth of our currency catches up with the lies created to cover up its true nature, the world will lose faith in our ability to back up the promises/lies made in the creation of the debts we owe, the world will turn its back on the dollar and if it is by design than something will fill the void. It may take all out warfare because they who hold the title as the worlds reserve currency holds in essence the "keys to the kingdom". War is always about one thing especially in this day and age and that is money. Mark my words. The end of the dollar will more than likely mean the outbreak of war world wide.



posted on Apr, 16 2015 @ 08:35 PM
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a reply to: wasaka

Ron Paul is a damn idiot. Old and useless and could NEVER run a country.

HE is a Racist back from his doctoring days and he just needs to walk away and sign up to a slow death at some retirement home.



posted on Apr, 16 2015 @ 08:41 PM
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originally posted by: projectbane
a reply to: wasaka

Ron Paul is a damn idiot. Old and useless and could NEVER run a country.

HE is a Racist back from his doctoring days and he just needs to walk away and sign up to a slow death at some retirement home.



Okay, so you attack the man because you don't like the message?

That tell us a lot about who you are.



posted on Apr, 16 2015 @ 08:45 PM
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originally posted by: projectbane
a reply to: wasaka

Ron Paul is a damn idiot. Old and useless and could NEVER run a country.

HE is a Racist back from his doctoring days and he just needs to walk away and sign up to a slow death at some retirement home.






Somewhat less of an idiot than an Alinskyite community organizer,don`t ya think?



posted on Apr, 16 2015 @ 09:06 PM
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Inflation is long overdue and the dollar will take a hit along with increases in interest rates on non fixed outstanding debt.

This will benefit those who hold hard assets as well as fixed rate debts.

This will hurt renters and variable rate debts.

Bonds will earn more, and ultimatly wages will be increased.

It will be a few years to wash out. Hard to sell a house that has experienced high inflation of value when nobody can afford high interest rate loans.

Those who can hold out will clean up big. Just dont get caught holding cash. You will lose that game.
edit on 16-4-2015 by smirkley because: (no reason given)



posted on Apr, 16 2015 @ 09:45 PM
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"There's a huge bubble with the dollar," Paul said


Conservatives are always claiming the economy's about to crash. I don't think it's going to happen for a while yet, especially if the causative factor is raising interest rates. The Fed isn't about to jack rates up abruptly and see everything crash, at least not while Obama's in office.

The republicans would love to jack up rates though because it will make banks a ton of money from interest.



posted on Apr, 16 2015 @ 09:53 PM
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originally posted by: CB328



"There's a huge bubble with the dollar," Paul said


Conservatives are always claiming the economy's about to crash. I don't think it's going to happen for a while yet, especially if the causative factor is raising interest rates. The Fed isn't about to jack rates up abruptly and see everything crash, at least not while Obama's in office.

The republicans would love to jack up rates though because it will make banks a ton of money from interest.





The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis -- starting in 2002 (and actually even earlier -- in the Clinton and Carter White Houses. Democrats resisted and kept to their party line, extending loans to people who couldn't afford them -- just like you would expect of socialists.

Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown



DaaHaHaHaHa




posted on Apr, 17 2015 @ 12:21 AM
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He's just trolling us now.



posted on Apr, 17 2015 @ 08:01 PM
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originally posted by: conspiracytheoristIAM
a reply to: lordcomac

shoes and boots
clothes
all alcoholic beverages
medical supplies
pens and paper
pharmaceuticals
gas and diesel
propane
firewood and matches and lighters
building supplies
games and books
musical instruments

Solar panels and booze!



posted on Apr, 17 2015 @ 08:11 PM
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To be honest, for any fiat currency, pegging to any mineral (gold included) doesn't have that much value. There simply isn't enough of whatever mineral readily available to go around as it is in terms of value.

What makes the dollar have worth is the fact that people are willing to put in their time in exchange for those dollars. So the real worth of the dollar isn't it's backing in gold, but economic productive output in terms of labor.

Shame is, the dumbasses running things are undermining this by doing anything to enrich themselves. It's going to catch up sooner or later when their practices regarding labor destroy the value of that dollar they base their own worth upon. It's a circular thing where nobody will work for it thus that makes the dollar... You know.

So I wouldn't worry too much about getting gold, if SHTF, lead will be more valuable than that mineral. (I'm sure most here will comprehend.) Learn things, smarten up, gain experience in various skills if physically able. That's what has worth.

But I'm no economist, just some internet guy that delights in the irony of this situation while viewing things from the working class end of the spectrum and trying to squeak by. So there's your 2¢ worth.



posted on Apr, 17 2015 @ 09:20 PM
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My conspiracy theory is that the media is talking a lot about this so that when the economy doesn't collapse they can use this to criticize Rand Paul. Never mind that that doesn't make sense, it's something the media will do regardless.



posted on Apr, 17 2015 @ 09:36 PM
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a reply to: sasquatch5100



There isn't enough gold or silver to back up all the paper that's out there now.


It drives me crazy when I see people repeat the same erroneous meme "there's not enough gold to back all the money in circulation". This is a ridiculous claim.

The false market value of gold is controlled by fiat currency.

There's no such thing as not enough gold to back all paper money in circulation. Gold would simply be priced at whatever market value it needed to be in order to handle supply and demand.

In order for the gold standard to be re-established it would mean that the petro dollar (read: Fed Reserve) would have to let go of the puppet strings on the gold market... and the world knows all too well that those guys aren't going to go down without a fight.

The current value of gold is intentionally controlled and held at such low market values for the specific purpose of boosting the petro dollar.

It's the reason why central banks dropped the gold standard... it enabled their fiat currency to take an even stronger position with regards to establishing a monopoly on reserve currency markets - more specifically, the US dollar.

As we all know, many countries are now trying to push out the US dollar as the main reserve currency because they're fed up with the monopoly going on.



The cold hard fact is - No paper currency should be allowed to be a reserve currency for two simple reasons:

- all paper currencies are based off of debt
- all paper currencies are too easily manipulated and thus creating an independent monopoly on global markets



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