Ron Paul Warns "50% Stock Market Plunge Conceivable... And It Won't Be Trump's Fault"

The former Republican Congressman from Texas believes escalating dysfunction in Washington will create even more pain for Wall Street.

Speaking on CNBC's Futures Now, Ron Paul warned:

"A 50 percent pullback is conceivable...I don't believe it's ten years off. I don't even believe it's a year off. "

Paul noted that there's a lot of chaos in Washington right now, with an "unpredictable president" and those who are inclined to "tear him apart" but if the market takes that big of a tumble, he doesn't see it as Trump's fault.

"It's all man-made. It's not the fault of Donald Trump in the last week.


If the market crashes tomorrow and we have a great depression, he didn't do it in six months.


It took more like six or ten years to cause all these problems that we're facing."

Paul previously argued Wall Street is overestimating the strength of the economy, and the Federal Reserve kept interest rates too low for too long.

He said the situation for stocks could turn ugly as soon as October.

"I see the foundation of our system built on sand, and a big wind comes along to blow it down."



Croesus Greenspazm Mon, 08/21/2017 - 15:01 Permalink

It won't be Trump's fault, but the Jews Media will surely pin it on him.

The collapse will be conveniently tied-in with the oppression of All-Things-White that's happening now. "If only we had more minorities in charge"...

Mark my words Chosenites, your day is coming, as sure as the Sun rises.

Your whole problem, is that your genetic disposition does not allow for you to ever "quit while you're ahead". It is your Achilles' Heel, and the sole reason why you always get kicked-out of every country you ever take over. If you want to find the source of "Anti-semitism", look no further than your own religion. You make the mistake of thinking that you're the only smart ones in the room, and everybody else is here for you to exploit, manipulate, cheat, and lie to.

In reply to by Greenspazm

Mr Poopra neversink Mon, 08/21/2017 - 15:45 Permalink

Why are Hillary and Soros not in prison yet?  Why is Seth Rich's killer not caught?  Why is Pizzagate not being investigated?  Why is that slimey zionist Kushner staying while Bannon is out.  What the fuck is going on? If Trump betrays his base he's going to wish he never won.  They will turn on him with "Fire and Fury like the world has never seen before". I don't give a fuck about the wall or odumbocare, i want him to dismantle this international Satanist pedophile crime syndicate of globalist bankster fucks.  Doesn't he get it by now?  Do your fucking job or get the fuck out.

In reply to by neversink

Croesus neversink Mon, 08/21/2017 - 16:09 Permalink

@ Neversink:

Awwe, now don't get your tefillins in a twist.

You all do this shit to yourselves, and it's one of the great mysteries of the Universe.

If you stopped thinking you were Special, and stopped thinking your job was to rip-off everyone else, your kind wouldn't have the same problem, over and over and over again, for Thousands of years.

I'm not blaming you personally, but it is fact that Judaism is completely alien to the core beliefs of the rest of the world.

As such, it is inevitable that "Jews gotta Jew", and non-Jews will react as they always have in the past.

Funny how Mike Signer recently called for more gun control laws...despite the fact that guns weren't even a factor in the upheaval that HE directly enabled in Charlottesville.

A prime example of:

"Jew causes problem between non-Jews, then offers solution preferred by Jews".

Why are you so worried about our guns, Chosenite? Could it be, that you know those guns will be pointing at you, soon?

In reply to by neversink

ThE SoLuTiOn I… Croesus Mon, 08/21/2017 - 15:49 Permalink

Exactly correct. The Zionist satanic paedophiles that run this crazy blue marble always get over confident... but they are nearly impossible to eradicate. The Romans did a pretty good job but here we are about 2000 years later and the filth has risen to the top once again...Unfortunately there is not a final solution as most jews are just as brainwashed as the goyim and are also victims...It is the satanic paedophile Rothschild Zionist families among them and their global blackmail ring of child abuse that must be defeated... But it appears they are cockroaches really... Maybe after another pogram we can get a few centuries of peace before they start again...

In reply to by Croesus

insanelysane goldoverbtc Mon, 08/21/2017 - 14:59 Permalink

Wrong!  A free market has to correct eventually.  This market doesn't have to correct ever.  It will only correct when there are enough muppets invested so they get fleeced just like in the great market failure of 1929.  The rich cashed out hi and then bought low.  It was a great victory for the few.  The problem at the moment is that there aren't enough muppets on board to make it worth while.

In reply to by goldoverbtc

Beam Me Up Scotty insanelysane Mon, 08/21/2017 - 15:16 Permalink

Exactly.  This isn't a free market stock market.  The Fed has the printing press, and the freedom to print as much money as they want---both physical cash and digital currency.  They could make the Dow 100,000 tomorrow morning if they wanted to.  When no one has the ability to audit the Fed to see how much "money" they have REALLY created, then the stawk market is nothing but a number on a peice of paper.

In reply to by insanelysane

JBPeebles Beam Me Up Scotty Mon, 08/21/2017 - 20:01 Permalink

I read that the actual supply of cash in the U.S. was only $800 billion. The other half is abroad.So if people actually have to get cash, they're in trouble. We know that as few as 3% of depositors asking for their money can wipe our bank reserves,Obviously if the bank is liable for the customers' deposits, they need to offer them when demanded. If the liable bank can simply write a check, then it can remove the need for cash to settle the customer's account and simply pawn off the problem to whichever bank "cashes" the customer's return of deposit monies.As long as all participating banks accept each other's IOU, the absence of cash isn't a problem.For those with investing experience, you know cash means money market but the two aren't the same. In general, money market mutual funds hold short-term IOUs. The actual physical cash could never be enough to meet redemptions, so the IOUs must continually be passed on.Keeping cash is too risky but gold and silver stored offsite can be secure. Like physical cash, these are tangible--physical stores of value whose "price" may vary. Again we assume that any IOU is redeemable in cash but it isn't if more than 3% is demanded "back"--if it ever went there in physical form at all.Smoke and mirrors. This is the existential fraud that backs the fiat monetary system--just keep issuing more in the digital space. Nothing is real. Balance sheet entries exist only in digital form.Of course holders of finite items like gold are just waiting for the massive pile of digital only-fiat to move out of the derivative-based market into tangibles and the ratio (price) of infinite fiat to finite tangible will rapidly grow so much so that the physical supply will be unavailable. Hence the stream of interventions by the Fed.

In reply to by Beam Me Up Scotty

AlphaSeraph Mon, 08/21/2017 - 14:50 Permalink

Amazing to think that if the S&P500 drops by 50% to roughly 1200 that's still nearly double from the absolutely bottom (666) of the previous crash only 9 years earlier. Fucking counterfitting parasites. 

marcel tjoeng Mon, 08/21/2017 - 14:51 Permalink

 Faux economics."the Federal Reserve kept interest rates too low for too long", the FED defines the interest rate, there is no 'market equilibrium'.If the economy tanks, it is also because the FED lets this happen.Read Warren Mosler, it's al fake macro-economics.Interest rates might as well be 0% and savers given a tax brake at par with the inflation rate, there wouldn't be anything unfair abot that would there now.

taketheredpill Mon, 08/21/2017 - 14:52 Permalink

"It took more like six or ten years to cause all these problems that we're facing." Look at when the debt levels really took off in late early 90's.  So more like 20+ years in the making.

JLee2027 Mon, 08/21/2017 - 14:59 Permalink

With phony money, some algo can just keep buying stock and dumping it into the Feds account.  That's how China prevented a meltdown on their exachange over a year ago. Therefore, I think a crash is unlikely.  Extremely unlikely. It's all fake these days. No real markets exist. 

techpriest JLee2027 Mon, 08/21/2017 - 15:05 Permalink

Home prices are finally coming off peak insanity in Dallas too - more "investment" houses that aren't selling leading to investors dropping prices.

As a young guy, it is frustrating that there are so few solid investments because everything has been inflated to Pluto. I guess I can still short Google by creating a business that lets people get out of Google products.

In reply to by JLee2027

In.Sip.ient Mon, 08/21/2017 - 15:08 Permalink

A minute ago, BtC=US$3991.56 Those of you who think the FEDs will print theirway around this problem with asset prices wouldbe correct if it weren't for some fairly obviouscompetition on the horizon. CBs are now in a quandary.  Either they competewith the blockchain, or they are toast.  If they compete,most governments around the world will be paying outmore in interest than they have tax revenue, by thetime prime rates quadruple from their present levels...