Ron Paul On Global Financial Summit

[Kevin_Kennedy]

[youtube]COtE1J5NMbo[/youtube]

In response to the upcoming G-20 summit.

 

[Paulie]

The US Dollar is the largest bubble in history.

 

[Kevin_Kennedy]

The US Dollar is the largest bubble in history.

And it's bound to burst, sooner rather than later I'd expect.

 

[editec]

The US Dollar is the largest bubble in history.

Yup.

Now can you tell me why?

I'll give you a hint.

We both agree that the The Fed increased the money supply in appropriately, right, Paul?

Only what did America NOT increase to make those new dollars worth the same amount and the old one?

I'll wait for your answer.

But here's another hint....why did they make the US dollar the international currency to begin with?

 

[Paulie]

Yup.

Now can you tell me why?

I'll give you a hint.

We both agree that the The Fed increased the money supply in appropriately, right, Paul?

Only what did America NOT increase to make those new dollars worth the same amount and the old one?

I'll wait for your answer.

But here's another hint....why did they make the US dollar the international currency to begin with?

I'd say the biggest thing we did NOT increase was productivity, and yes, exports.

The reason they made it the international currency was because we had the military prowess to back it up, and we needed all nations to trade in Dollars because we were no longer exchanging them for anything of value.

It gave us carte blanche to spend as much as we wanted and run deficits.

 

[Paulie]

No response Editec? I'm curious to know if I was thinking the same thing you were.