“On the Verge of a Massive Collapse”: Ron Paul Says Stock Market Headed for a Day of Reckoning
[youtube=https://www.youtube.com/watch?v=7rGqSfCY4qM]
- “On the Verge of a Massive Collapse”: Ron Paul Says Stock Market Headed for a Day of Reckoning
by Mac Slavo, June 20th, 2015, SHTFplan.com
We all know it is only a matter of time until the music stops. But Dr. Ron Paul, the former Congressman often celebrated for his outspoken views and opposition to the funny money economic system, says that day could be coming soon.
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Despite record highs in the market, former Rep. Ron Paul says the Fed’s easy money policies have left stocks and bonds are on the verge of a massive collapse.
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“I am utterly amazed at how the Federal Reserve can play havoc with the market,” Paul said on CNBC’s “Futures Now” referring to Thursday’s surge in stocks. The S&P 500 closed less than 1 percent off its all-time high. “I look at it as being very unstable.”
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It is easy money that is propping up the stock market and allowing Wall Street firms to capitalize on zero percent interest injections from the Federal Reserve – but is that same easy money that is stressing the system to a tipping point.
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That point could come from a rumored increase in the Fed’s interest rate – a move that would have such gravity in the current system that is could send the entire system crashing.
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Dr. Paul explains in this video: (top of post)
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Former Congressman Paul points out that the entire stock market is propped up on confidence – belief that the Fed has things under control, a false high that cannot last forever.
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However, the plunge protection team has been very effective in maintaining the illusion as long as they have, Paul charges:
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In Paul’s eyes, “the fallacy of economic planning” has created such a “horrendous bubble” in the bond market that it’s only a matter of time before the bottom falls out. And when it does, it will lead to “stock market chaos.”
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[T]here “will be a day of reckoning” that will lead to a collapse in both the fixed income and equity markets.
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