congressman ron paul

Ron Paul: Dollar Will Collapse, Gold Will Go To Infinity

Appearing on CNBC, former Congressman Ron Paul warned that if the US continues on its current course, the dollar will collapse, and gold will literally be priceless.

“Eventually, if we’re not careful, it will go to infinity, because the dollar will collapse totally,” Paul said on CNBC.com’s Futures Now.

“As long as we have excessive spending, and excessive computerized money, we are going to see gold go up,” Paul urged, noting that as the value of the dollar is destroyed, everything measured against dollars will increase in value.

Paul added that recent drops in gold prices do not factor into the long term outlook.

“Markets do these types of things—they go up sharply, and sometimes they take a rest,” Paul said. “I was never very good on short term, whether it’s the stock market, or whatever.”

“If you look at the record of the value of the dollar since the Fed’s been in existence, we have about a 2-cent dollar. And gold used to be $20 an ounce. So I’d say the record is rather clear on the side of commodity money.” Paul said.

“Six thousand years of history shows that gold always retains value,” Paul added, “and paper always self-destructs.”

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Article written by Steve Watson
Infowars.com
June 19, 2013

Steve Watson is the London based writer and editor for Alex Jones’ Infowars.com, and Prisonplanet.com. He has a Masters Degree in International Relations from the School of Politics at The University of Nottingham, and a Bachelor Of Arts Degree in Literature and Creative Writing from Nottingham Trent University.

Ron Paul In “Why Gold & Silver?”

Congressman Ron Paul of Texas is the premier advocate for liberty in politics today. Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currencies.

Privately owned central banks are creating currency out of thin air across the globe. “The one characteristic of a country that debases its currency, and goes to a paper currency – the currency always self destructs, it always ends.” – Ron Paul

The Fed is private. Their anonymous shareholders are busy counting their dividends as they print the world economy into oblivion. “It’s the biggest scam that has ever been perpetrated, it’s amazing that we’ve gone along with this for close to 100 years.” – Mike Maloney

Now is the time to get educated. Your liberty is at stake.

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