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Ron Paul on Inflation and Economic Recovery

Neil Cavuto: Is the economy, are the markets, are these companies telling us something, your concern non-withstanding, that things are looking up?

Ron Paul: Well I guess temporarily they could. They are looking up at Goldman Sachs, that’s for sure.

* Ron Paul drilled Bernanke today, questioning his definition of inflation
* Bernanke says Ron Paul’s inflation concerns are misplaced
* Paul counters that Bernanke was not concerned about housing crisis until it hit, so why trust him now?
* The printing of money, rescues and bailouts will eventually become inflationary. Austrian economics teaches you that you can predict trends, but not timing.
* Bernanke will not be able to hold back inflation once it starts
* Whether or not Bernanke is re-appointed is inconsequential. Nobody in world is smart enough to do job of central financial planning because the system is too deeply flawed.
* Things are not really looking up. True unemployment is around 20% and increasing.
* Stagflation is where we are headed
* A little blip in the economy and a few favorable stats after doubling the money supply and bailing out everyone in sight does not for a recovery make.



By | 2017-03-23T14:06:36+00:00 July 21st, 2009|Political Commentary|

About the Author:

Jason is the founder of goldstockbull.com. He previously worked in data analytics for the world’s largest research firm, consulting to Fortune 500 companies globally. Jason eventually leveraged those skills to trade successfully full-time and after helping friends and family optimize their investments, he launched Gold Stock Bull and The GSB Contrarian Report newsletter. Jason is a cycles investor with a contrarian eye for identifying undervalued assets. He has built an expertise in both the precious metals and cryptocurrency markets. Jason believes in honest money, limited government, decentralization of power and enjoys studying alternative economic models.