Thursday, December 18, 2014

Ron Paul Talks Economic War, Current Bubbles, Bond Market’s ‘Roaring Inflation’

-Voices of Liberty
Fox Business Network probably expected Ron Paul to be “not a bit surprised” by Federal Reserve Chairwoman Janet Yellen’s inflationary policies. Paul refuted the practice of referencing the Consumer Price Index (CPI) as an indicator of inflation.

“I measure inflation of the balance sheet of the Fed, the creation of debt,” Paul said.

What FBN likely wasn’t expecting was what Paul said next in this must-see clip:
“Right now there is a bubble being corrected in the energy industry, and although it was precipitated for geopolitical reasons, to punish Russia, I think it’s going to come back to haunt us as well.”
“The most significant thing that’s happened recently is this little fight we saw in the passage of the omnibus bill, making sure the derivative market would be protected by the FDIC and the banking system. That’s big time stuff. They know what’s going on.”