Ron Paul: "Default Is Coming"

Ron Paul: "Default Is Coming"

www.realclearpolitics.com 

Rep. Paul also talks about how the devaluing of the U.S. has led to record prices in gold bullion.

"Default is coming. The only argument that's going on now is how to default, not send the checks out or just print the money. In all countries our size, they always print the money," Paul said.

"They're going to raise the debt limit, and then they're going to print the money, and then they'll default by inflation, and that's much more dangerous than facing up to the facts of what's happening today."

(visit the link for the full news article)


 Get ready folks hyperinflation is just around the corner. America is bankrupt. They will print more money and devalue the dollar. It's a good time to convert dollars to useful goods that will still be worth something when the dollar turns to toilet paper. 

They are all corrupt and useless in Washington. All this talk about reducing the debt but nobody is talking about reducing the military spending. How about closing some of the 1000 or so military bases around the planet, that would save some money right? The cold war is over we have no reason to have all these bases. The Military Industrial Complex is very powerful in America. Nobody wants to stop the highly profitable business of war. 

I say bring it on now, it will be worse later if they print more money. It would just kick the can down the road a bit and at the end of the road we would not like what we see. 



www.realclearpolitics.com 
(visit the link for the full news article)

When the economy collapses and can't afford to eat....

Why wait...Eat a Default Bar..

Heres a good vid of his concerns on this.

YouTube Link

7/20/2011 - "We Will Default Because The Debt Is Unsustainable"

Ron Paul: "We Will Default Because The Debt Is Unsustainable"

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"When a country is indebted to the degree that we’re indebted, the country always defaults. We will default because the debt is unsustainable," Rep. Ron Paul (R-TX) said on the House floor today.

"If we don’t understand this, this default will not be because we don't send out the checks. We will send out the checks. It will be defaulted on because people will get their money back, or they will get their Social Security checks and it won't buy anything."

http://www.realclearpolitics.com/video/2011/07/19/ron_paul_we_will_default_because_the_debt_is_unsustainable.html

7/18/2011 - Ron Paul: "The U.S. Government Must Admit It Is Bankrupt"

Any time you bring the two Pauls together in an interview, and start discussing items such as the debt ceiling, government spending, and monetary policy you know the results will be good. Sure enough, in this rare ABC interview with father and son, the sparks fly, and among the topic touched is the most popular story on Zero Hedge from yesterday, namely President Obama fabulous hypocrisy, who after bashing the debt ceiling as a senator 4 years ago, has bet the outcome of his entire economic policy on maxing out every single credit card available to him. Paul's response: "we have to face the fact that we are bankrupt and we can't pay our bills." Not exactly the kind of thing one wants to hear if one's name is Hu Jintao. That said you know the Paul-led interrogation of Bernanke will be something else, even if it is ultimately totally fruitless.

http://www.zerohedge.com/article/ron-paul-us-government-must-admit-it-bankrupt