Congressman: Dollar Could Collapse To Absolute Zero
Presidential candidate Ron Paul warns of coming global economic depression
Paul Joseph Watson
Monday, October 8, 2007
Presidential candidate Ron Paul has made a dire prediction that the dollar could collapse to absolute zero - precipitating hyper inflation, soaring oil prices and a global economic depression if current policies are continued.
"Once they realize the American people have awakened to the con game that's been going on - I think those people running the banking and monetary system aren't going to be too happy," Paul told the Alex Jones Show on Friday.
The Texas Congressman forecasts that if current policies are prolonged, the dollar could crash all the way to nothing and be forced to start over.
"If Bush is foolish enough to start bombing Iran, that might precipitate such a crisis as oil going to $200 dollars a barrel and really dampening the enthusiasm of the whole dollar," said Paul.
"If they continue what they're doing, it's gonna go to zero, we're gonna have runaway inflation, all paper currencies eventually self-destruct and are ruined, and we're in uncharted waters right now - this is the first time in the history of man you've had no solid currencies around the world and this has been going on for 35 years."
Paul agreed that elitists would seize upon a global depression by posing as the saviors and offering more control, police state and big government as the solution.
"This was the whole thing that started in the last depression," said Paul, "Scare people to death instead of blaming the Federal Reserve for the depression and the financial bubble of the 20's, they said 'well capitalism failed, it was that stupid gold standard', therefore we have to have welfare and of course everything they did prolonged the depression."
Paul said his warnings about the impending collapse of the U.S. economy, which stretch back years, were helping his campaign gain credibility due to the unfolding crises in the market and the credit crunch.
"When the people understand how the Fed screws up the economy and causes all the bubbles and all the changes that have to come from that, I'm getting a lot more calls," said Paul.
The Congressman also discussed the continued success of his campaign and the establishment's attempts to stifle its importance.
The presidential candidate said the reason that the Democrats and Republicans are trying to speed up the primaries is because they don't like competition from third party and grass roots candidates and are trying to prevent them from gaining traction.
"The move right now is to try to close the primaries - do you think they're sincere when they say they want to have a big tent and invite new people in? They can invite a lot of new people in but they don't want constitutionalists evidently because they want to make it tough to vote in a Republican primary," said the Congressman.
"It confirms the fact that the control of this whole system has been one party so to speak, it's one group of people that control both parties and right now I think the people are getting disgusted with it and they're starting to wake up," he added.
The Congressman stated that the popularity of his campaign outstripped even his expectations and slammed the establishment networks for attempting to skew Paul as a fringe candidate.
"It doesn't discourage our supporters, it enrages them," said Paul, "They always claimed that there were just a few of us out there that cared and that they were bloggers manipulating the Internet - well you can't manipulate to the point where you get 35,000 new donors who average about $40 dollars a piece and raise $5 million dollars and outpace many of the other candidates."
Paul said the other candidates had initially tried to ignore his platform, before ridiculing it, to the point where they are now being forced to adopt constitutionalist rhetoric in order to compete with his burgeoning popularity.