Ron Paul & USD Collapse

November 28th, 2007

For those that don’t know, Ron Paul is a Republican Congressman that is running for President. Unlike some politicians, he seems fairly down to earth, though I don’t know much about him; except that he raised over $4 million online in one day and that he seems to have a clue about what is going on with the whole USD issue.

I recently saw a pretty good article about him called Ron Paul Warns of Dollar Collapse!

Apparently Ron Paul realizes that history has shown paper currencies crash quickly - not slowly. The coming concerns over the USD could be worse (probably will be) than the early 80’s. The article, written by Jason Hommel, also mentions the money creation inflation adjusted price of gold could be in the ~$6,000 oz. range and the CPI inflation adjusted price of gold is in the $2,500 oz. range when compared with the gold price of $850 oz. in the 80’s!

Perhaps the most telling thing Ron Paul said is that most other members of Congress either don’t care or don’t understand the issues - how true and how scary! Ron Paul also said that the government DOES manipulate the price of gold to keep it low.

On a side note: The USD recently had a pullback and has shown some strength… that is natural and expected when anything drops so far so fast. I still expect the USD to continue to get weaker but we needed a pullback and some consolidation after the recent volatility.

Entry Filed under: News