By Ron Paul
Nothing is going to be solved until we get a handle on the monetary system. The dollar will finally collapse. There will be monetary reform. We have to have enough people to realize that the Fed is a useless organization. It causes much more harm than good. It subsidizes the growth of government. It subsidizes wars. It is a perpetual threat to our liberties.
Not only must we get rid of the Federal Reserve, we have to get rid of government management of the economy. We must have more trust in liberty and property rights. That will solve these problems. In the meantime, in spite of the fact that the politicians could allow the corrections necessary and allow the deflation and liquidations occur, it’s not going to happen. They’re going to prop up, prop up, until the dollar is destroyed.
Time will tell, but my prediction is that things will not be a lot better in three months, or six months, because they will not have offered the real solution. Conditions could very well deteriorate over this period of time.
It’ll be interesting to see what happens in the presidential election because everybody wants to help the middle class (including myself). The big job is to explain why the middle class is getting wiped out, and if you really want to know, go study the Federal Reserve. They are the culprits who cause the most damage to the middle class.