Dr. Paul stated do not blame nations like China and Japan just look in the debt the U.S. is purchasing. There will usually be currency wars. The Bank of Japan claims it has to defend itself against deflation as well as decades of slow development.
Ron Paul noted that the Bank of Japan’s yen devaluations will ultimately result in further price inflations that are to come. Investors and citizens will ultimately reject the yen and switch to other currencies like dollars or Swiss francs. Then ultimately individuals will move to hard assets altogether as they're losing confidence in paper assets.
Dr. Paul was asked, “Do you believe protectionism will result in a crash in the international monetary system? He replied, “Nothing great can come of it. Even short run trade benefits results in a weaker economy and greater prices. It does not resolve the issue they will not face the truth. That's that all governments spend too a lot cash, there's too much debt and they get away with it by taxing people”. Rare Coins, Silver Coins, Gold Coins >> http://www.silver-
“It appears that all we have is more debt, more printing cash, and more government interventions. Governments will not even talk cutting things. They only wish to make slight decreases of proposed increases in their budgets!”
On the next U.S. Treasury Secretary, Jack Lew, Paul says, “We do not need an intervener. He should have a powerful dollar policy by defining it, and not by propping up the marketplace. Do not devalue a currency. It's then that you simply hurt savers and cost of living goes up. This only damages the middle class and also the poor regardless of what welfare programs you have because they shed buying power.”
Dr. Paul says that he feels the Obama administration is attempting to devalue the dollar, they're very different then sound individuals and different then the Austrian economists. They really feel debt is ok.
Dr. Paul states, “If you look at it over a number of years it does maintain cash. There had been flaws using the gold standard, throughout wars, there had been issues in the past and we comprehend so a lot more these days and we could do better.”
“If you believe we need a wiser Federal Reserve, central financial planning for the manipulation of credit, or perhaps a better Treasury Secretary, I reject that.“ In the end, Ron Paul says for over 6000 years of history gold is always money and paper cash fails. Experts and analysts agree. Today would be a perfect time to buy gold and buy silver. How High Will Silver Go? Learn More >> http://silver-
