Friday, June 25, 2010

The Fed, Debt and Systemic Collapse of the US - Eric King's Blog + Another Great Interview from Eric King with both Ron & Rand Paul


Having a discussion about the Fed, massive debt and the systemic collapse of the United States with two of the most qualified individuals in US politics today cemented in my mind that we are in a depressionary cycle, and their is virtually no way out for a variety of reasons. This is why it is so important for readers to protect themselves and their families from the next wave down.
June 24, 2010

When asked about the media attacks against him Dr. Rand Paul responded, “They (the media) always try to do things like paint the Tea Party or me as extreme, and the way we respond is having a $2 trillion deficit like we do now, that’s really extreme. Having $400 billion in interest in one year, that’s extreme.”

Congressman Ron Paul stated when asked about the Audit the Fed Bill, “I think the Federal Reserve is going to be an issue for a long time to come until they clean up their act or we have a new monetary system.”

Rand also commented regarding the US debt, “You have a Federal Reserve Chairman Bernanke, and they usually don’t try to use very inflammatory language, but a week or two ago he said that the debt was unsustainable and that to me is a particularly strong word, unsustainable.”

Ron added to Rand’s thoughts on the debt, “He (Bernanke) points the finger at the Congress, but really it’s the combination of the politicians who love to spend and the Federal Reserve that accommodates.”

The Paul’s discussed a timetable for a systemic collapse of the US. They also noted that government officials have been listening to their own rhetoric regarding a recovery in asset prices, believing in a pipe dream.

Eric King

KingWorldNews.com

To hear the interview with Dr. Rand Paul and Congressman Ron Paul on King World News CLICK HERE.

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