"I think they always seem to be able to patch things together longer than we ever believed. But, the one thing is, is you can’t promise that because the end stages of a currency can come rather quickly. You can slip and slide, as we have been. If you look at the value of the dollar from 1913, it’s dropped dramatically. But, even since ’71, it’s dropped about 85%, but it’s been steady and gradual; but when the panic comes, when people lose confidence, then everything breaks down and that’s so serious"
Thursday, February 16, 2012
Dr. Ron Paul on markets and precious metals
An interesting interview on GoldSeek Radio with presidential candidate Dr. Ron Paul. Take away comment:
"I think they always seem to be able to patch things together longer than we ever believed. But, the one thing is, is you can’t promise that because the end stages of a currency can come rather quickly. You can slip and slide, as we have been. If you look at the value of the dollar from 1913, it’s dropped dramatically. But, even since ’71, it’s dropped about 85%, but it’s been steady and gradual; but when the panic comes, when people lose confidence, then everything breaks down and that’s so serious"
"I think they always seem to be able to patch things together longer than we ever believed. But, the one thing is, is you can’t promise that because the end stages of a currency can come rather quickly. You can slip and slide, as we have been. If you look at the value of the dollar from 1913, it’s dropped dramatically. But, even since ’71, it’s dropped about 85%, but it’s been steady and gradual; but when the panic comes, when people lose confidence, then everything breaks down and that’s so serious"
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