Ron Paul Warns "Central Bankers Are Always Wrong...Especially Before A Bust"

Tyler Durden's picture

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.”

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.”
 

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Rebelrebel7's picture

Dr. Paul, 

Please read The Web of Debt by Ellen Hodgson Brown J.D.

There would be no need for income, estate, capital gains, or corporate taxes and no need to reduce spending if Congress were to resume it's obligation as granted in Article 1 Section 8 Clause 5 of the constitution.

We could employ millions for desparately needed infrastructure projects and building country club like retirement homes for retiring babyboomers.

James Coxey attempted to do this at the turn of the 19th century and FDR made the stupid mistake of financing through the privately owned Federal Reserve. 

We cannot reduce the deficit without destroying our money supply since the entire money supply is based on government debt.

Dragon HAwk's picture

There is a revolution brewing, you can smell it all around. people getting pissed people exchanging information, people nodding at each other when they see concealed carry,  people thumb upping bumper stickers. prepper tips in the strangest places. Gardening, canning, ammo making, lots of little things that are all going to ad up when we need them.

abgary1's picture

Cashless society means loss of privacy.

Loss of privacy means loss of personal rights.

Loss of rights means loss of personal freedom.

Security is not a justification for the loss of personal freedom.

Do not allow the government to take cash away from us!

Anything with a digital footprint can be tracked.

Cluster_Frak's picture

I remember when Central Wankers were stressing the 2% inflation target in 2007 right before the shit hit the fan. That's all they cared about: 2% target. Meanwhile, around the corner a storm brewed...

G-R-U-N-T's picture
-People Not Amused by EU Efforts to “De-Cash” their Lives-

http://wolfstreet.com/2017/07/14/people-not-amused-by-eu-efforts-to-de-c...

"In January 2017 the European Commission announced it was exploring the option of imposing upper limits on cash payments, with a view to implementing cross-regional measures as soon as 2018. To give the proposal a veneer of respectability and accountability the Commission launched a public consultation on the issue. Now, the answers are in, but they are not what the Commission was expecting.

 

A staggering 95% of the respondents said they were opposed to a cash ceiling at EU level. Even more emphatic was the answer to the following question:

“How would the introduction of restrictions on payments in cash at EU level benefit you, or your business or your organisation (multiple replies are possible)?”

In the curious absence of an explicit “not at all” option, 99.18% chose to respond with “no answer.” In other words, less than 1% of the more than 30,000 people consulted could think of a single benefit of the EU unleashing cross-regional cash limits."

rejected's picture

Ron boy will tell you exactly what you want to hear. Most of it is just common sense. But when it comes to walking the walk,,, he fails time after time. Example, he always advocated competing currencies. Well Liberty Dollar was a competing currency. They railroaded Bernard Von Nothaus for counterfeiting saying Americans were too stupid to notice the difference between his Liberty Dollar and a US Quarter as both were round.  As Paul was preaching competing currencies in March of 2011 they arrested Von Nauthaus in May. 2011, Ron boy never went to his trial to help out a person that was doing the very thing Paul was advocating.  Walking the walk,,, something Paul has never done. Never stood up for him at all. Alex Jones and the rest of the honest money crowd paid a little lip service but that was it.  Sickest and most cowardly display I have ever witnessed.

But here he is again preaching the FED is bad, which it is, but we know that! Sorry but in my opinion the man is a fraud. Had he stepped in with a little assistance to Von Nothaus, likely we would have a honest money we could fall back on. Today we have nothing and the government has a legal precedent to attack anyone that tries.

All Ron does is talk....talk,,,, talk.

Rick Cerone's picture

If Ron Paul was a real threat to the system, he'd already be dead. Shine on, you crazy monkey.

learnofjesuits's picture

Vatican masonic order of jesuits Illuminati rule the world for centuries, they are building theirs New World Order - one government, one religion, global socialism-technocracy, depopulation(because overpopulation destroying biosphere) - check Georgia Guidestones also who has funded it, "order out of chaos"- they create a crisis and than they resolve it towards NWO.

Important people in a society works for them, they are giving careers for obedience, we are living in a social pyramid system managed by jesuit masonic order.

Just learn why jesuits were suppressed for 200 years in western countries and were allowed to return only a few decades ago - also in USA (there is a pattern easy to recognize). They escaped to Russia and Columbia and created in an underground Illuminati masonic sect.

Society of Jesus was the most powerful intelligence agency - of Vatican - and they still are, all national intelligence agencies are controlled by jesuits, rest is a theater and actors.

First Rothschild Nathan was rescued by jesuits from a camp and they made him theirs banker, he was not a smart Jew that become extremely rich, but he was just working for most powerful intelligence agency, also Soros is Christian Knight of Malta same as Rothschilds, Rockefeller, Brzezinski..., and Bush and Clinton are Skull and Bones - it is also an jesuit organisation and jesuit symbol, deceased Rockefeller read Bible every day.

Templars were bankers and later jesuits took that buisness, it is that simple.

Jesuit masonic order works by an undercover organisatios in order to hide.

Holy Spirit = Lucifer, Vatican is Luciferian from beginning, they just could not tell it openly to the public so they created Holy Trinity.

google "Vatican Nervi hall interior photo" and see Pope sitting in a mouth of a big serpent

google "putin hand sign horns" and see gallery of all those politicians (Bush, Obama, Clinton, Putin, Ahmadinejad, Sarkozy, Hollande, Ron Paul, Trump...), famous people, "Alex Jones" - they all work for jesuit Illuminati masonic order

learnofjesuits's picture

Bill Hughes, "The Secret Terrorists and The Enemy Unmasked

"The Rothschilds were Jesuits who used their Jewish background as cover their sinister activities.

The Jesuits, hands Rothschilds and financier Nicholas Biddle, sought to take control over the banking system of the United States. "

 

Napoleon Bonaparte; 1769-1821; emperor of the Frence

“The Jesuits are a MILITARY organization, not a religious order. Their chief is a general of an army, not the mere father abbot of a monastery. And the aim of this organization is power – power in its most despotic exercise – absolute power, universal power, power to control the world by the volition of a single man [i.e., the Black Pope, the Superior General of the Jesuits]. Jesuitism is the most absolute of despotisms [sic] – and at the same time the greatest and most enormous of abuses…”

 

Abraham Lincoln (1809-1865; 16th President of the United States

“The war [i.e., the American Civil War of 1861-1865] would never have been possible without the sinister influence of the Jesuits.”

 

Marquis de LaFayette (1757-1834; French statesman and general. He served in the American Continental Army under the command of General George Washington during the American Revolutionary War.)

“It is my opinion that if the liberties of this country – the United States of America – are destroyed, it will be by the subtlety of the Roman Catholic Jesuit priests, for they are the most crafty, dangerous enemies to civil and religious liberty. They have instigated MOST of the wars of Europe.”

 

Edmond Paris (Author of the book The Secret History of the Jesuits)

“The public is practically unaware of the overwhelming responsibility carried by the Vatican and its Jesuits in the starting of the two world wars – a situation which may be explained in part by the gigantic finances at the disposition of the Vatican and its Jesuits, giving them power in so many spheres, especially since the last conflict.”

 

R. W. Thompson (Ex-Secretary, American Navy)

“[The Jesuits] are the deadly enemies of civil and religious liberty.

 

Fyodor Dostoyevsky (1821-1881; famous Russian novelist)

“The Jesuits…are simply the Romish army for the earthly sovereignty of the world in the future, with the Pontiff of Rome for emperor…that’s their ideal. …It is simple lust of power, of filthy earthly gain, of domination – something like a universal serfdom with them [i.e., the Jesuits] as masters – that’s all they stand for. They don’t even believe in God perhaps.”

 

"The Jesuit Order, therefore, stands before us as the embodiment of a system which aims at temporal political domination through temporal political means, embellished by religion, which assigns to the head of the Catholic religion - the Roman Pope - the role of a temporal overlord, and under shelter of the Pope-King, and using him as an instrument, desires itself to attain the dominion over the whole world."

Count von Hoensbroech, 1911, German Noble and ex-Jesuit

 

Pope Clement XIV (Who had “forever” abolished the Jesuit Order in 1773)

“Alas, I knew they [i.e., the Jesuits] would poison me; but I did not expect to die in so slow and cruel a manner.” (1774)

 

“Above all I have learned from the Jesuits. And so did Lenin too, as far as I recall. The world has never known anything quite so splendid as the hierarchical structure of the [Roman] Catholic Church. There were quite a few things I simply appropriated from the Jesuits for the use of the [Nazi] Party.

Adolph Hitler (1889-1945; Nazi leader and chancellor of Germany from 1933-1945)

 

"The Fuhrer had come to power, thanks to the votes of the Catholic Zentrum, only five years before, but most of the objectives cynically revealed in 'Mein Kampf were already realized; this book, an insolent challenge to the western democracies, was written by the Jesuit Father Staempfle and signed by Hitler. For—as so many ignore the fact—it was the Society of Jesus which perfected the famous Pan-German programme as laid out in this book, and the Fuhrer endorsed it."

Edmond Paris, 1965 French Historian The Secret History of the Jesuits. Page 138

 

“The Jesuits wrote the first 25 rites of Scottish Freemasonry in then College de Clermont in Paris in 1754”

The True origin of Scottish Rite Freemasonry According to the Masonic 

Quiz Book: Ask Me Another, Brother by William Peterson

 

en.wikipedia.org/wiki/Adolfo_Nicolás

Obedience to Rome

After receiving a message from Pope Benedict asking the Society of Jesus to affirm its fidelity to the magisterium and the Holy See, the Congregation presided over by Nicolás responded, "The Society of Jesus was born within the Church, we live in the Church, we were approved by the Church and we serve the Church. This is our vocation... [Unity with the pope] is the symbol of our union with Christ. It also is the guarantee that our mission will not be a 'small mission,' a project just of the Jesuits, but that our mission is the mission of the Church."

Spike the Railroader's picture

Thank you for listing all this information. Much of it I have known or felt for many years. They have perverted the truth and have controlled the masses. The true nature of spirit has very little to do with the vatiican. They have "prayed" on the good intentions of kind humans and destroyed free will. One law of the universe states that we do not have the right to violate anouther spirit. That is all these monsters have done, violation after violation. 

The truth is inside of us, once we break free from the programing. Great posting, thank you.

learnofjesuits's picture

from Albert Pike letter - 1871 :

"The First World War must be brought about in order to permit the Illuminati to overthrow the power of the Czars in Russia and of making that country a fortress of atheistic Communism. The divergences caused by the "agentur" (agents) of the Illuminati between the British and Germanic Empires will be used to foment this war. At the end of the war, Communism will be built and used in order to destroy the other governments and in order to weaken the religions."

 

"The Second World War must be fomented by taking advantage of the differences between the Fascists and the political Zionists. This war must be brought about so that Nazism is destroyed and that the political Zionism be strong enough to institute a sovereign state of Israel in Palestine. During the Second World War, International Communism must become strong enough in order to balance Christendom, which would be then restrained and held in check until the time when we would need it for the final social cataclysm." 

 

"The Third World War must be fomented by taking advantage of the differences caused by the "agentur" of the "Illuminati" between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other.

Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion… We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil.

Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view.

This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time."

Grandad Grumps's picture

And I suppose that it would work too if there was not a Christ consciousness that the controllers cannot experience and have no direct knowledge of.

MEFOBILLS's picture

Ron is confused on economics.  Here is a video showing Nazi Germany's economy.  They did it without Gold.  The did it without ((central bankers)) and that includes Schacht.

https://www.youtube.com/watch?v=epw-rISDJSE

Money's true nature is law.  Fiscal Policy (taxation ) is the flip side of monetary policy (issuing money).

It is science.  If you have data from history that refutes your position, then if you are intellectually honest, you modify your position.

Libertarians, and Ron Paul, when it comes to money, are not advanced.  This means they cannot be listened to.

JailBanksters's picture

You ALWAYS do the exact opposite of what a Banker says.

 

wisebastard's picture

i still dont know  how Yellen got the job as Fed Chair while also having connections with the CFR....

Grandad Grumps's picture

Central bankers just do what they are to to control the masses and make up the story to justify it as they go. That is why they appear to be wrong.