Friday, July 01, 2016

Dr. Ron Paul*: 
The End Is Coming
"I think the EU will become nonfunctional .. It really is coming to an end. It doesn't mean tomorrow or the next day, but people are going to be really unhappy. The end is coming, but it isn't coming because of the breakup .. I think what everyone is looking at is there was a vote, an important vote and it went differently than expected and it sent shock waves through the markets, but I think the concentration is on the wrong issue .. I think the EU will become nonfunctional .. It really is coming to an end. It doesn't mean tomorrow or the next day, but people are going to be really unhappy. The end is coming, but it isn't coming because of the breakup .. I think what everyone is looking at is there was a vote, an important vote and it went differently than expected and it sent shock waves through the markets, but I think the concentration is on the wrong issue .. What has been preceding this situation that we have throughout the world and this country as well is artificially low interest rates. It causes people to make mistakes in buying bonds .. Catastrophe doesn't come unless there's something that precedes it, and what sets the stage is monetary policy, artificially low interest rates, zero interest rates .. There's a lot of instability still out there, and this hasn't been corrected yet. I don't think it's going to correct easily .. We are running out of steam."
link here to the reference

1 comment:

Anonymous said...

The end is near ? ..... The early Christians promoted that theory. .... still waiting.