Dr. Ron Paul, a former congressman from Texas and presidential candidate, expressed pessimism about the state of the economy and our future during a recent interview.
He basically said that the current economic crisis may be comparable to the Great Depression and other severe economic downturns.
Paul’s track record of accuracy in other areas makes this situation even more terrifying.
As per Breitbart News:
Ron Paul: Recent downturns and what we’re facing today are “a lot worse” than the Depression
Former Representative Ron Paul (R-TX) expressed concern that the nation’s economic situation was worse than it had been during some of the most trying periods in its history, such as the Great Depression of the previous century, during an appearance on Newsmax TV’s “American Agenda” on Tuesday.
Paul criticized the causes as being the U.S. debt and economic policies that inflated the money supply.
He claimed, “The founders knew exactly what we’re talking about. “With the Continental Dollar, they experienced runaway inflation. As a result, only gold and silver were allowed to be legal tender under the Constitution. And if we had followed that, we wouldn’t have the welfare-warfare state with these enormous deficits and what we’re facing because, in my opinion, the situation we’re in now is much worse than what we’ve ever faced, whether it was the Great Depression or one of the recent economic downturns.
These years have been discussed by Ron Paul for a long time.
America is in a dire situation.