Posted on 08/05/2011 4:35:20 PM PDT by dynachrome
Texas congressman assesses damage in wake of market plunge
Rep. Ron Paul, R-Texas
Acting as a "central economic planner," the Federal Reserve is moving the U.S. economy from one market bubble to another, and the next one will be a disaster, Rep. Ron Paul, R-Texas, told Michael Savage on the "Savage Nation" national radio show.
After the collapse of the tech, housing and financial bubbles, Paul said, the "dollar bubble" will be next.
"That's going to be the big one," the Texas congressman said on the heels of yesterday's worldwide market plummet, which saw the Dow lose more than 500 points.
In response to the market bloodbath, Paul noted, investors are pouring money into treasury bills and dollars, "but that is a bubble, too."
(Excerpt) Read more at wnd.com ...
Article taken from the Savage interview of Ron Paul.
When that thing goes, oh boy is that gonna get the geniuses that run states and markets in a tizzy.
unbelievable. it’s insanity. put in your earplugs, sportsfans—she’s gonna blow.
End the Fed.
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