https://www.zerohedge.com/news/2018-02-28/ron-paul-fed-crossroads-crisis-coming
ce bon vieux Ron Paul !
“They [The Fed] have a lot of power, but their main goal is to do central economic planning which always fails. It’s also a gimmick because they have meetings, they are supposed to have eight a year, and then there’s a big announcement…they come out and they make a statement and the chairman is interviewed, and then, later on, you get the minutes.
It’s big fanfare. But I see it as mostly propaganda, just carrying a message. Getting it from the people who really run things, the deep state, and they get it out there. But it does have a lot of effect on the market.
I actually believe that there are some people who know how fictitious the Fed really is and how inept it is, but still watch it because they know a lot of other people are going to pay attention…the deep state is not a part of the government, but they have a lot of influence.”
“The next downturn, which I think will come soon, the Fed’s not going to get credit for getting us out of it. They didn’t get any credit for getting us out this last recession which we’re really, in many ways, still in…times are different.
But times are getting much worse now. This next downturn is going to be a serious one and the Fed doesn’t have any magic whatsoever…central economic planning never works no matter how long they get away with it.”
“I think it [the dollar value] is going to continue to erode on international exchange markets and this will hurt us because that’s also the reason that we see interest rates going up,” Paul says.
“Peter Schiff is right,” Paul continued. « This whole house of cards will come crashing down as interest rates rise. »
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