America could have avoided what is happening right now.
This country could be living through a time of great peace and prosperity.
But when one man sounded the alarm bells, no one listened, and now the economy is collapsing.
Few men in recent history have been right about as many things as former Congressman and presidential candidate Ron Paul.
For years, Paul warned that by printing money to fund an international empire and stupid wars, the United States was driving towards a cliff.
And the institution that enabled that reckless spending and those pointless wars was the Federal Reserve.
Now, just a few years later, inflation is through the roof, the economy is sliding downhill fast, and Ron Paul is unfortunately being proven right.
It may be too late to avoid serious economic pain. However, it might not be too late to avoid the worst case scenarios. And luckily Ron Paul is still around to give advice about what to do next.
He laid out the situation in a recent article entitled “The Federal Reserve is the Enemy of America’s Workers.”
In the article, he wrote, “According to numbers released by the U.S. government, consumer prices have increased by 7.5 percent in the past year, the steepest increase since 1982. The actual price increases are even worse than the government numbers suggest, given that the ‘official’ statistics are manipulated to understate the real rate of price increases. According to John Williams of ShadowStats, prices have actually increased by around 15 percent over the past year.”
That is a massive rate of inflation that affects virtually everyone across the entire country. It means that the prices of basic life necessities have gone up significantly.
As Paul states clearly, the main culprit is the Federal Reserve.
“The Federal Reserve’s creation of new money does more than erode the value of the currency. It also artificially lowers interest rates, which are the price of money. This distorts the signals sent to market actors, leading to investment decisions that do not reflect the real condition of the market. The result is a temporary boom, followed by a bust. Workers who find new jobs in the boom lose those jobs in the bust. These workers are then not just unemployed. They are also often saddled with unmanageable debt incurred during the low interest rate, easy money phase of the business cycle.”
Paul then proposes a few solutions that could lift America out of the current crisis.
“A step towards restoring a free-market monetary system is letting the people know the truth about the Federal Reserve by passing Audit the Fed. Another step is legalizing alternative currencies by repealing legal tender laws and ending all capital gains taxes on precious metals and cryptocurrencies. Congress must also begin to cut spending, starting by making major cuts in our $750 billion military budget and ending all corporate welfare.”
When Ron Paul warned America about what was to come, most people plugged their ears and dismissed him as a “kooky libertarian.”
But now that his warnings have come true, it’s time to take his words seriously – and take action to fix the problem.