(RoyalPatriot.com )- During an appearance on “American Agenda” on Newsmax TV on Tuesday, former Representative Ron Paul (R-Texas) expressed concern that the current economic climate in the United States was worse than it had been during some of the most challenging economic times in the nation’s history, such as the Great Depression of the previous century.
Paul criticized the economic policies of the United States, which included increasing the money supply and the amount of debt owed by the country.
He stated that the company’s founders were aware of everything that was being discussed. Paul noted that they experienced inflation that was out of control with the Continental Dollar. As a result, they stipulated in the Constitution that gold and silver were the only forms of currency that could be considered legitimate. And if we had followed that, we wouldn’t have the welfare-warfare state with these vast deficits and what we’re facing because he thinks what we’re facing today is a lot worse than what we’ve had in the past, whether it was the Great Depression or whether it was the downturns we’ve had in recent years.
Ron Paul continued by saying, “I think the bubble is greater.”
In his opinion, the debt is greater. The demands are more significant. People are overconfident about taking your debt to $10 trillion and switching to $30 trillion.
Paul claims that “the money question permeates every area of liberty.” If you get the impression that we are engaged in too many battles, consider this: “If they couldn’t easily create money for it, there wouldn’t be.”
Paul claims that “nobody cared about the Federal Reserve” when he first addressed Congress.
His presidential campaigns, especially among young people, increased awareness of the Fed and the liberty movement. Paul won the young voter category in nearly every Republican primary.
But today, young people are the ones who most favor Sen. Bernie Sanders (I-VT). Paul is reminded that “today’s youth claim they choose socialism over capitalism.”
“There are more socialist professors,” Paul replied.
