Ron Paul: ‘It's the Biggest Financial Bubble in the History of Monetary Policy’ & The Real Reasons Behind US–China Tension (Pt. 1&2) - Great Videos
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The Federal Reserve has been managing the economy through “monetary manipulation,” causing malinvestment, and the over-accumulation of debt, said former congressman Ron Paul.
The end result is an overinflated stock market that could see a “violent correction”, as well as a monetary system on the brink of collapse, Paul said.
“I happen to believe it’s the biggest financial bubble in the history of monetary policy,” he said.
America has always needed a reason to fund its military-industrial complex, which is why the country has had a history of “aggravating” other nations, said former congressman Ron Paul.
Paul said that this is the incorrect approach to foreign policy and that the U.S. should be focused on more free trade instead.
“China is more or less a scapegoat, which is very unpopular to say, that’s unpatriotic to say that we have some responsibility for ourselves. We need to stop the interference in trade. I think free trade will neutralize the disagreements that we have, but we always seem to have to have an enemy,” Paul told Kitco News.
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