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Central Bankers Are Always Wrong

Monday, July 17, 2017 5:57
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(Before It's News)

The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen’s assurances that there won’t be another major crisis in our lifetime, the next economy-cratering fiat-currency crash could happen as soon as next month, Paul said during an interview with Josh Sigurdson of World Alternative media. Paul and Sigurdson also discussed false flag attacks, the dawn of a cashless society and the dangers of monetizing national debt.

Paul started by saying Yellen’s attitude scares him because “central bankers are always wrong – especially before a bust.”

“There is a subjective element to when people lose confidence, and when is the day going to come when people realize we’re dealing with money that has no intrinsic value to it, we’re dealing with too much debt, too much bad investment and it will come to an end. Something that’s too good to believe usually is and it usually ends. One thing’s for sure, we’re getting closer every day and the crash might come this year, but it might come in a year or two.”

“The real test is can it sustain unbelievable deficit financing and the accumulation of debt and it can’t. You can’t run a world like this, if that were the case Americans could just sit back and say “hey, everybody wants our money and will take our money.”

Time to buy old US gold coins

Paul advised that, for those who are already girding for the crash by buying gold and silver and stocking their basements with provisions like canned food and bottled water, the rewards for their foresight will only grow with the passage of time.

“Actually, the longer it takes to hit, the better it is for us. The more we can get prepared personally, as well as warn other people, about what’s coming.”

“It’s a sign that the authoritarians are clinging to power so they can collect the revenues collect the taxes and make sure you’re not getting around the system. That’s what the cashless society is all about. But it won’t work in fact it might be the precipitating factor that people will eventually lose confidence when the crisis hits. They say the crisis hasn’t come – welI in 2008 and 2009 we had a pretty major crisis and what we learned there is that the middle class got wiped out and the poor people got poorer and now there’s a lot of wealth going on but it’s still accumulating to the wealthy individual.”

“People say it might not come for another ten years – well we don’t know whether that’s necessary but one thing that’s for sure when a government embarks on deficit financing and then monetizing the debt the value of commodities like gold and silver generally goes up.

Asked about intelligence agencies and their growing willingness to stage so-called false flag attacks to help push their hidden agendas, Paul asserted that the gassing of a village in Northern Syria – an attack that was widely blamed on Assad – was in reality orchestrated by his political opponents to try and goad the US into escalating its campaign of violence against Assad’s regime. The tactic that was ultimately successful, inspiring US President Donald Trump to fire a fusillade of cruise missiles at a Syrian airstrip.

Americans don’t realize the extent of the media brainwashing to which they are subjected – particularly when it comes to issues like interventionism and protecting the US military-industrial complex that are the subject of universal consensus in Washington.

“I guess people get brainwashed and people who totally depend on the mainstream media will hear it over and over. When you think about bashing Russia right now or Iran it’s so overwhelming it’s bipartisan. The two parties argue back and forth but on the big issues the federal reserve, monetizing debt and the continued buildup of the military and the US policing the world they don’t really argue about that. It’s a psychological thing that people accept us pricing the world.”

Paul also pushed back against the Trump–Russia collusion narrative, blaming both parties’ deep-seated hatred of Presidnet Vladimir Putin is the real animus behind the investigations and all the news coverage.

“I saw something yesterday and I happen to believe the story it said that one of the reason Hillary lost is because she was seen as the war candidate and Trump was the peace candidate. Trump talked about friendship with Russia. It goes to show how the people are on our side on the war issue, and on central banking and on how the military-industrial complex rips us off, and how corporatism really hurts the people but the problem we face is a lack of education because they say “well that’s capitalism” and that isn’t true. What we have now is government welfare interventionism. We should prove to them that free markets are different, and why there’s such a discrepancy in wealth distribution. That principally has come about because of monetary policy by the Federal Reserve.”

When asked about defamatory comments made by lawmakers like Arizona Sen. John McCain that were directed at his son, Kentucky Sen. Rand Paul, the elder Paul dismissed them as “ridiculous.”

“When they answer our challenges and principals we believe in just by name calling they should just be laughed at because it’s so ridiculous and they lose credibility.”

Paul also took a moment to praise Sigurdson, a Canadian citizen, for having the temerity to question the far-left hegemony that reigns in his country. Paul added that it’s incredibly important that young people like Sigurdson build media platforms where alternative viewpoints can flourish.

People have to have curiosity around what individual rights mean. I believe people don’t have a right to other people’s stuff, I’ve taken the position that individuals don’t have a right to medical care and that is so challenging to humanitarianism but when it’s explained, and you have to get the explanation out there, people start to understand.”

He closed the interview with a warning about the dangers of Keynesian economics, deficit spending and central bank monetization of government debt.

“What happens when the bus comes? Do you think the people in Venezuela are very happy with their socialized medicine? It has to be about changing people’s minds, but first you have to be in a position of leadership. The big opportunity that’s coming – this collapse that’s coming is an opportunity. The 20th century is living proof that fascism, communism and authoritarianism and world wars – total failure.”

“The attitude right now is that Keynesianism and deficit financing and printing money and militarism is the solution but it’s all coming apart, which gives us the opportunity to defend a moral system…to have peace and prosperity.”

Reprinted with permission from Zero Hedge.

The post Central Bankers Are Always Wrong appeared first on LewRockwell.



Source: http://freedombunker.com/2017/07/16/central-bankers-are-always-wrong/

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