Josh Sigurdson talks with former congressman, author, host of the Liberty Report, Dr. Ron Paul about the latest trends as the monetary system collapses under the weight of vast centralization and debt.
As Dr. Paul has gone into for many years, all fiat currencies eventually revert to their true value of zero. They always have, they always will. While people claim that he’s been wrong all these years, he’s only noting quite basic economics. He’s been right for years, there just aren’t any fundamentals on the table anymore. Essentially, the entire system has been propped up and papered over with debt. Dr. Paul without putting a date on the crisis has just been correctly diagnosing the inevitable fate of the crisis.
With the fall of the dollar as the world reserve currency and the fall of the banking system as banks are no longer truly holding cash and companies like Deutsche Bank stand to be the next Lehman Brothers, there are more solutions than problems.
Dr. Paul talks about gold, silver, cryptocurrency and the idea of competing currencies outside of government restriction.
Finally, Dr. Paul tells us whether he’s optimistic of the future.