Ron Paul continues to forecast a collapse of the US economy even in light of the election of President Trump.
Ron Paul said that Federal Reserve policy has set the country up for economic collapse, and though the central bank has been very creative in making the impossible work, and putting off financial disaster, nothing can hold back the flood forever.
Ron Paul thinks that Donald Trump will be blamed for the next financial crisis that he didn’t cause. Just like everyone blamed Obama for the financial collapse in 2009, this time, Trump will unfairly get the blame.
Ron Paul focuses on the Federal Reserve as the ultimate demon but what about his own actions and those of his fellow congressmen who passed horrible trade deals which ultimately lost millions of jobs to China. An argument could be made that the reason the Federal Reserve had to do what it did was because in 2001, China was accepted into the WTO.
Ron Paul thinks that an economic crisis is unavoidable, and even Donald Trump can’t stop it.
I think Ron Paul has gotten way too bearish in his old age, which is common with a lot of people. Try to resist getting more negative as you age folks. I’ve seen many good traders crash and lose everything because they became too negative with age. Nevertheless, I think it’s important that we hear the best arguments that perma-bears can put forth because eventually, at some point when the yield curve flattens and goes inverted, we will have the next Bear market.