Ron Paul: Gold, Commodity Prices “Big Event” Signaling Economic Collapse
April 6, 2011
Skyrocketing gold, silver, oil and other commodity prices, a brazen attempt by the Federal Reserve to monetize a staggering and deleterious debt, a precipitously falling dollar, creeping inflation – these are elements of a “big event,” Ron Paul told Alex Jones on Tuesday.
“It’s huge, and it has started,” Paul said, and it may be identified as such within 30 days. “I believe it is the beginning… you and others have been talking about commodity prices going up.” The Texas Congressman noted that even the former boss of the Federal Reserve, Alan Greenspan, has warned about out of control inflation.
“A necessary condition for long-term unemployment is low inflation,” Greenspan said recently. “If the Fed does its job and stabilizes the inflation rate, that’s the maximum that the central bank can do.”