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Ron Paul: ‘It’s the biggest financial bubble in the history of monetary policy’
Kitco News
The Federal Reserve has been managing the economy through “monetary manipulation,” causing malinvestment, and the over-accumulation of debt, said former congressman Ron Paul.
The end result is an overinflated stock market that could see a “violent correction”, as well as a monetary system on the brink of collapse, Paul said.
“I happen to believe it’s the biggest financial bubble in the history of monetary policy for the whole world. The correction is going to be pretty violent, and it’s going to be pretty bad,” he said.
The Federal Reserve has recently changed their inflation control mandate from targeting 2% to maintaining an average of 2%. However, neither of these are beneficial to the economy, Paul said…….More Here
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