Ron Paul: Nothing Orderly About the Currency Collapse That’s Coming- It Will Be a Panic!

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Ron PaulCongressman & former Presidential Candidate Ron Paul joins the show this week, discussing:

  • Putin’s response to US sanctions with economic retaliation- implications for US economy & the US Dollar- It is very significant, dumping of US dollars has begun…The dollar can’t be maintained.  One reason the dollar has been sustained as well as it has been is who wants to buy yuan or euros?  But ultimately they will buy the real money, and that’s gold!
  • Paul on the Coming collapse of the dollar & all fiat currencies:  Officials in charge of monetary policy are very aware of what’s coming- they believe as long as it is orderly they will be ok…The problem is when people lose confidence in a currency, they lose confidence completely.  There’s nothing orderly about it!  There’s always a panic, and that’s hard to manage.   There will be a day when people will panic in the financial markets, not only in the dollar, but in the world-wide system!
  • The former member of the House Financial Services Committee explains why his nemesis at the Federal Reserve works so hard to discredit gold, and what he wishes he would have asked Ben Bernanke during his grilling of the Fed Chairman at his House Hearings on the Fed’s Monetary Policy

The MUST LISTEN SD Metals & Markets with Former Presidential Candidate, Sound Money & Freedom Champion Ron Paul is below: [Read more...]

GAO Audit Reveals Fed Gave $16 TRILLION to TBTF Banks From 2007-2010

In 2008, the American public was enraged as Hank Paulson shoved an $800 billion bankster handout named TARP down the throats of American taxpayers.
The recently completed GAO audit of the Federal Reserve as required under the Frank/Dodd legislation has revealed that the true number given to TBTF banks during the financial crisis was nearly 20 FOLD LARGER AT $16.115 TRILLION!!

In fact, 7 individual TBTF financial institutions each received bailouts in excess of $800 billion through various 4-letter acronym lending facilities!

The GAO report reveals that Citigroup received an astonishing $2.5 TRILLION, Morgan Stanley (who again may be on the verge of collapse) was bailed out to the tune of $2.04 TRILLION, and Goldman Sachs & JP Morgan received over $1.1 TRILLION combined! [Read more...]