Click the link below to download the interview:
You can access past interviews with Ron Paul at this address:
http://www.kereport.com/RonPaul.htmlÂ
A few highlights from the interview (thanks to Jason Hommel from www.silverstockreport.com):
Ron Paul is very concerned about the declining value of the dollar, because we have internationalized inflation by exporting dollars, but nations are beginning to reject the dollar.
The consensus and popular theory is that they are rejecting the dollar slowly, and that’s somehow ok.
Ron Paul noted that it “never happens that way in history”. Typically, paper currencies crash suddenly!
Ron Paul said that what is most important now is not the CPI (consumer price index) or M3 (money in the banks): but rather, it’s value of the dollar on international exchanges.
Events now will be worse than in 1979-80, when gold spiked up to $850/oz.
(I note that while the CPI inflation adjusted high price of gold might be about $2500, the money-creation inflation-adjusted high price of gold is now over $6000/oz., since M3 in 1980 was $1.8 trillion and is now nearly $13 trillion. But I wonder how much higher the gold price could go if China decides to spend their foreign exchange reserves of $1.4 trillion dollars on gold! I suppose it could rise above $30,000/oz!)
How does Ron Paul feel about us deviating from the Constitution?
It could lead to economic collapse, which can undermine liberties. But people can protect themselves with silver and gold.
Before Ron ran for President, and raised $4 million in one day; nobody ever cared about him grilling the Fed.
Recently, in response to Ron Paul’s questions, Bernanke, while seeming flustered and off guard, said a declining dollar would not hurt Americans!