Ron Paul Predicts Inflation And Depression At The Same Time

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The Federal Reserve raised the interest rate one-quarter of a  percent.  In response, the US dollar dropped by 1%, gold rose a bit, and stocks skyrocketed. Debt is soaring while the GDP is falling, which is the forerunner of inflation and depression at the same time.  Ron Paul predicts that the Fed will not allow liquidation of bad debt to restore value to the monetary system and it will not re-institute the gold standard. Instead, it will follow the Japanese model with the same result. He also predicts that Trump’s budget will dramatically increase military spending, but his proposed cuts will not come to pass. –GEG

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