What is the truth about our State of the Nation? Listen to the non-partisan voice of our great Statesman - Ron Paul. Below are excerpts that truthfully emphasize what Americas will have to endure in the near future.
". . . Today, reality is setting in and the first of three major events has begun. The worldwide financial system, built on a foundation of paper, has received the shock waves of an impending collapse. . . ."
"We can expect that the course we are on to continue and accelerate, since the first event, the collapse of the financial system, is still in its early stage. . ."
". . . The next event will be a dollar crisis. A full-blown dollar crisis will be worse than our current financial crisis. The extent of a dollar crisis depends on whether or not the Washington politicians wake up and change their ways-a dubious hope. . ."
". . . More likely, the insanity will continue until some not yet known event will undermine the confidence of the dollar worldwide. Signs of less desire by foreigners to hold our dollars are already present. I'm certain our Treasury and Federal Reserve are pulling out all stops to prevent a massive run on the dollar. At present the "orderly" retreat from the dollar is working. But it won't last. . ."
". . . This means that dollars and other currencies will go into buying consumer items, precious metals and other physical properties. Consumer prices will soar, as well as interest rates. The central bank will lose control; and the more they inflate, the worse the confidence becomes. The interest rates will respond to these efforts by rising sharply. . . ."
". . . If the Fed tries to reverse the run on the dollar, interest rates will also soar, and the pain on the American citizens will be of such proportion that political chaos will result. Either scenario leads to political and social chaos-the third event, and the most dangerous. . ."
It is time to educate ourselves about classical liberalism. We will need to rebuild our society and the principles of liberty and justice and prosperity will be very valuable to that process.
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