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

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.”


DieSocialJusti… Sat, 07/15/2017 - 14:23 Permalink

Imagine if all those renovators/contractors out there doing everything for "cash" are now forced to do electronic deals.  I have an acquaintance that lives in a $2.5 million home and drives a Lambourghini...he owns a company that does interlocking stone....99% of his deals are done "cash only".

GUS100CORRINA DieSocialJusti… Sat, 07/15/2017 - 16:18 Permalink

Ron Paul Warns "Central Bankers Are Always Wrong...Especially Before A Bust"My response: I AGREE COMPLETELY!!Below is a VERY SOBERING data point. If you take a look and the US DEBT CLOCK data and the rate of change of that data, one very quickly draws one conclusion: America's financial path is NOT sustainable for very much longer. Why? Below is just one reason that answers the question why.US Federal Spending is rising at a staggering $428,253,120 per dayUS Federal TAX Revenue is only rising at $129,857,760 per day.So the US Government at the federal level is spending about $300,000,000 more per day than it is taking in via TAX revenue.EXCUSE ME ... Say what????This data is right off of the web page.May America R.I.P.  My message to both the U.S. SENATE and U.S. CONGRESS: You are fired!!!! Note that I did not look at the rest of data that included state financials as well as liabilities.Have a great weekend.

In reply to by DieSocialJusti…

Yog Soggoth BullyBearish Sat, 07/15/2017 - 19:18 Permalink

Really? I remember when he was running for President, and the MSM called him too old and senile, and he might die tomorrow. Looks like his ticker is still running fine and his message has not changed. If he did not have the continual fake news machine running against him we would never had to deal with Obummer. Oh, and the vote fraud. Still working on that one.

In reply to by BullyBearish

Deep In Vocal … (not verified) Sat, 07/15/2017 - 14:28 Permalink

janet yellen.....silverplatter....never lift a finger.....highest of positions in the world....the psychopaths and pedophiles run the show.....not enough good men left to stop.....all neutralized by the mind control program and the poison in the food and water supply......feminism, gender studies and fucking men in the ass, is what's trending. posting pictures of your breakfast to facebook because it's so likes...narcisistic attention whoring.....all about me me me...people are so dumbed down, they lose their lives while taking selfies.... core family destroyed...the woman becomes a whore the man becomes a criminal........slow process now you are starting to see the effects.... reaching for the bottom....bottom fishing....the human soceity has soon reached rock bottom...........

NoWayJose Sat, 07/15/2017 - 14:28 Permalink

Cash equals a peaceful chance to avoid income or sales tax when the government makes those too onerous.

Electronic money is not as easy to track as people think, but just like anything dealing with paper checks or bank deposits - the 'fear' that it could be tracked is what gets people to pay.

It's pretty easy to imagine confiscatory taxes to stave off a $40 (?) Trillion debt down the (near) road.

Deep In Vocal … (not verified) Sat, 07/15/2017 - 14:34 Permalink

meanwhile the 3rd world is invading...western genocide....white western genocide........nobody cares..nobody gives a single fucking fuck....................................

Autonomous Deep In Vocal … (not verified) Sat, 07/15/2017 - 15:55 Permalink

People of religious persuasion need to step up. Now or never.

Unity of humanity is one of the central teachings of the Bahá'í Faith.[1] The Bahá'í teachings state that since all humans have been created in the image of God, God does not make any distinction between people regardless of race or colour.[2] Thus, because all humans have been created equal, they all require equal opportunities and treatment.[1] Thus the Bahá'í view promotes the unity of humanity, and that people's vision should be world-embracing and that people should love the whole world rather than just their nation.The lesser peace is essentially a collective security agreement between the nations of the world. In this arrangement, nations agree to protect one another by rising up against an aggressor nation, should it seek the usurpation of territory or the destruction of its neighbors.

In reply to by Deep In Vocal … (not verified)

Sonny Brakes Sat, 07/15/2017 - 14:36 Permalink

Who else is just happy that this nightmare we call 'our life' is reaching its end. I'm 53 and all the heavy lifting I've done is still not enough. When I was born we were on the gold standard and the Federal Reserve rate was 3.48%. Eighteen years later it was 13.22%. When my first child was born the rate was 5.91%. In the year 2000, it was 5.45%. Today we're at 1.04%. Can someone explain to me why I was 25 years old before I was able to have a secure credit card issued to me and 28 years later they're letting 18-year-old kids with a summer job, drive a brand new car off the lot? I was 28 years old before I bought my first used car. I've never owned a brand new car. What's the point of all this nonsense?

Autonomous Sonny Brakes Sat, 07/15/2017 - 15:38 Permalink

Yup, I had to deal with the same issues back then and buying a house was out of the question- interest rates were >18%Somewhere along the line in the past 150 years society took a wrong turn and there will be a major adjustment for which most people are completely unprepared. But Ron Paul isn't offering any viable alternatives. Buying precious metals and stockpiling food and water in the basement isn't a solution.

In reply to by Sonny Brakes

ScratInTheHat Sonny Brakes Sat, 07/15/2017 - 15:57 Permalink

I’ve bought new cars with cash but I don’t do that anymore. I buy everything with cash and I buy at peak value or as close to that as I can get. Most new things are not at peak value. I buy cars from auctions with half of the cars life used. For that last half of its life I pay around a sixth or less of the new value at most! I do that with everything. My new dryer is about three years old. I paid $75 dollars for it. It looks like it is brand new and I expect 15 years of service from that dryer. Money is a tool folks. Credit is a chain around your neck!

In reply to by Sonny Brakes

BetweenThe Coasts Sat, 07/15/2017 - 14:42 Permalink

"Since 1998 $40 trillion has disappeared in bailouts, in missing money, and even more in quantative easing ... so now they have $40 trillion that is not on the balance sheet. However if you look at the Law, our property, your property, my property is on the balance sheet.... Well if we are going to balance the budget with our retirement savings and property on budget, but the $40 trillion they just stole is off budget, guess what is going to happen?"  --C.A. Fitts

brushhog Sat, 07/15/2017 - 14:45 Permalink

Obvious whats happening. We are moving into a recession, thats why the fed is raising they can cut them for a "stimulous" later. The "no more crises in our lifetime"  stuff is about getting out in front of the recession with the "its not a crisis" narrative...trying to calm the markets. The narrative will be " this is a normal, cyclical slowdown...not a crisis and no reason to panic.

Ms No brushhog Sat, 07/15/2017 - 15:05 Permalink

Correct me if I'm wrong but my understanding is that they cause boom and bust cycles by promoting loose lending and low rates.  Then they pull the rug out by pulling credit and raising rates.  So if this is the case this time they are getting ready to harvest all of our nations wealth, leaving us destitute, again.  Then we will probably see some war so that they can distract and conquer some more territory. 

In reply to by brushhog

max powers Sat, 07/15/2017 - 14:48 Permalink

F' Ron Paul... he was in the belly of the beast for 10+ terms and he did nothing... "The only thing necessary for the triumph of evil is that good men do nothing"

Ms No Bay of Pigs Sat, 07/15/2017 - 15:08 Permalink

I think he is right about the alt-media being of extreme importance as well.  The Trump administration had to at least pretend to cater to the pitchforks that are coming out.  If he doesn't meet those needs the people will begin to see the light.  This is a result of truth being promoted by alt media.  I think a lot of the people that come on here to troll us for being 'keyboard' warriors are just that, trolls.

In reply to by Bay of Pigs

Fartboxbuffet (not verified) Sat, 07/15/2017 - 14:52 Permalink

Why. Does this putz never mention the root cause of. The problème zionst bankers or jew bankers spit it out putz is it your afraid if so of what they cut your money off or do you work for them deflecting damage from them just like wiki leaks mossad cia created notice of all the wikik leaks info not on ioata of damaging info on israel how convenient 

Ms No Fartboxbuffet (not verified) Sat, 07/15/2017 - 15:02 Permalink

Because after a hundred years of indoctrination if you mention who is primarily behind the banks and globalism you will be branded a Nazi and thus lose, and we can't afford to lose.  This is why Putin is so careful about it also.  This is also why it is damaging that people defend Hitler.  Hitler was funded out of Wall Street anyway, so defending him in inaccurate as he was part of it.  The bastard probably lived in South America with the rest of the Wall Street funded destroyers of Germany, that the CIA pretended not to notice, although obvious and discovered by many Nazi hunters. edit, wrong link.

In reply to by Fartboxbuffet (not verified)

Ms No 44magnum Sat, 07/15/2017 - 15:32 Permalink

What we learned from Sutton's impecably researched Wall Street series is that the same people funded Hitler, the Bolsheviks and FDR.  Those three all had socialist economic programs that were almost identical.  Either Hitler was a giant moron or he was in on it.  They needed to destroy Germany, create the world reserve currency and also create the greatest victim facade that shielded them while they took over the world with their central banking globalism.  Hilter made all of this possible. I also find it very strange how Hitler was a failure nobody and rose to his position.  He had handlers.  He also agreed with Rotschild/the devil about the creation of Israel.  While we almost certainly lied to about the number of Jews killed there is no doubt what happened to the German people and nation, and they have never made their way back from there.  Just because Hitler may have said some truth and gave a voice to the people's anger doesn't mean he wasn't one of them. 

In reply to by 44magnum

Fartboxbuffet (not verified) OldPost Sat, 07/15/2017 - 15:35 Permalink

No ive heard him on alex zionst shill jones show several times now why would ron paul go on a zionst controlled opposition show explain that beacuse 95 percent of all these websites and radio shows are zion controlled opposition shows do you how fukin big that giant vampire squid is it tentacles are everywhere all to divert attention away from Israël and the money changers

In reply to by OldPost

44magnum Sat, 07/15/2017 - 15:00 Permalink

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On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON. The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has YET TO BE ACTED ON.   "Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.  "This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.  "Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.  "These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky's passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky's disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. "Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.  "In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose.  "We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the "King's Bank" to control us from the top downward, and from the cradle to the grave.  "The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sough to save us.

Jack Oliver 44magnum Sun, 07/16/2017 - 07:04 Permalink

1861: President Abraham Lincoln (16th President of the United States from 1860 till his murder in 1865) approaches the big banks in New York to try to obtain loans to support the ongoing American civil war. As these large banks were heavily under the influence of the Rothschilds, they offer him a deal they know he cannot accept, 24% to 36% interest on all monies loaned. Lincoln is very angry about this high level of interest and so he prints his own debt free money and informs the public that this is now legal tender for both public and private debts. 1862: By April $449,338,902 worth of Lincoln’s debt free money has been printed and distributed.1861: President Abraham Lincoln (16th President of the United States from 1860 till his assassination in 1865) approaches the big banks in New York to try to obtain loans to support the ongoing American civil war. As these large banks were heavily under the influence of the Rothschilds, they offer him a deal they know he cannot accept, 24% to 36% interest on all monies loaned. Lincoln is very angry about this high level of interest and so he prints his own debt free money and informs the public that this is now legal tender for both public and private debts. 1862: By April $449,338,902 worth of Lincoln’s debt free money has been printed and distributed. He states of this, “We gave the people of this republic the greatest blessing they ever had, their own paper money to pay their own debts.”  That same year The Times of London publishes a story containing the following statement, “If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be brought down or it will bring down  every monarchy on the globe.”  1863: President Abraham Lincoln discovers the Tsar of Russia, Alexander II (1855 ­ 1881), was having problems with the Rothschilds as well as he was refusing their continual attempts to set up a central bank in Russia. The Tsar then gives President Lincoln some unexpected help. The Tsar issued orders that if either England or France actively intervened in the American Civil War, and help the South,  Russia would consider such action a declaration of war, and take the side of President Lincoln. To show that he wasn’t messing about, he sent part of his Pacific Fleet to port in San Francisco and another part to New York. The Rothschild banking-house in Naples, Italy, C. M. de Rothschild e figli, closes following the unification of Italy. The Rothschilds use one of their own in America, John D. Rockefeller, to form an oil business called Standard Oil which eventually takes over all of its competition.   1864: Rothschild, August Belmont, who by now is the Democratic Party’s National Chairman, supports General George McClellan as the Democratic nominee to run against President Abraham Lincoln in this year’s election. Much to the anger of Belmont, President Lincoln wins the election.   1865: In a statement to Congress, President Abraham Lincoln states, “I have two great enemies, the Southern Army in front of me, and the financial institutions in the rear. Of the two, the one at my rear is my greatest foe.” Later that year, on April 14, President Lincoln is assassinated, less than two months before the end of the American Civil War. 

In reply to by 44magnum

G_T_A_44 Sat, 07/15/2017 - 15:18 Permalink

CB's are N.E.V.E.R. Preventive and A.L.W.A.Y.S Reactive. That being said, they Willingly; Knowingly and Intentionally create the Bubbles and then, Bust them. It is Their Mandate in order to placate their CONstituents ie...Bankers/CONgress/Corp. Boardrooms and those in the Shadows to facilitate the Transfer of wealth from the masses to the Corrupt & Fraudulent. Not to mention They are the Funders of Wars. Period.