Ron Paul Warns A 50% Stock Market Decline Is Coming…And There’s No Way To Stop It
by Tyler Durden
ZeroHedge.com
Mon, 10/08/2018
Is Ron Paul about to be proven right once again?
TheEconomiCollapse.com’s Michael Snyder thinks so. For a very long time, Ron Paul has been one of my political heroes. His willingness to stand up for true constitutional values and to keep saying “no” to the Washington establishment over and over again won the hearts of millions of American voters, and I wish that there had been enough of us to send him to the White House either in 2008 or in 2012. To this day, I still wish that we could make his classic work entitled “End The Fed” required reading in every high school classroom in America. He was one of the few members of Congress that actually understood economics, and it is very sad that he has now retired from politics. With the enormous mess that Washington D.C. has become, we sure could use a lot more statesmen like him right now.
But even though he has retired from politics, Ron Paul is still speaking out about the most important issues of the day. And what he recently told CNBC is extremely ominous.
The following comes from a CNBC article entitled “Ron Paul: US is barreling towards a stock market drop of 50% or more, and there’s no way to prevent it”… According to the former Republican Congressman from Texas, the recent jump in Treasury bond yields suggest the U.S. is barreling towards a potential recession and market meltdown at a faster and faster pace. And, he sees no way to prevent it.
“We’re getting awfully close. I’d be surprised if you don’t have everybody agreeing with what I’m saying next year some time,”
“It can be pretty well validated by looking at monetary history that when you inflate the currency, distort interest rates and live beyond your means and spend too much, there has to be an adjustment,” he said.
“We have the biggest bubble in the history of mankind.”
“I know it’s going to happen,” Paul said. “It will come, and the bubble is bigger than ever before.”
The Rest…HERE
