Monday, May 17, 2010

Ron Paul Blames Fed For Surge In Gold Price

Consistently, Ron Paul says that the Federal Reserve's addition of liquidity is the cause of the gold rally:
..."This is the unwinding of a system," he said. "Until we replace it with something else you're going to continue to see this."

But Paul predicted that the system will be changed as more and more people begin to see its fundamental flaws.

"The gold surge recently has people discovering they're really printing money," Paul said. "They're just kidding themselves and kidding the American people that the Fed can keep doing what they're doing, because the economic laws will bring this to an end and probably in the not-too-distant future."

He may be right...

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