Ron Paul: ‘Forced Globalism Has Led to The End For The EU’
[youtube=https://www.youtube.com/watch?v=q9F3E8X-ooU]
- Ron Paul: ‘Forced Globalism Has Led to The End For The EU’
by Steve Watson | www.Infowars.com
“It will become nonfunctional.”
Libertarian icon Ron Paul believes that the EU is on its last legs, not because of Britain’s exit, but because of years of poor global economic policy driven by corrupt central bankers.
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Appearing on CNBC, the former Congressman said that the ‘Brexit’ is merely a symptom of a larger problem which will spell the end for ‘forced globalism’.
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“I think [the EU] will become nonfunctional,” Paul said. “It really is coming to an end. It doesn’t mean tomorrow or the next day, but people are going to be really unhappy. The end is coming, but it isn’t coming because of the breakup,” Paul added.
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“I think what everyone is looking at is there was a vote, an important vote and it went differently than expected and it sent shock waves through the markets, but I think the concentration is on the wrong issue,” Paul continued.
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“What has been preceding this situation that we have throughout the world and this country as well is artificially low interest rates. It causes people to make mistakes in buying bonds,” Paul explained.
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“Catastrophe doesn’t come unless there’s something that precedes it, and what sets the stage is monetary policy, artificially low interest rates, zero interest rates,” Paul urged. “There’s a lot of instability still out there, and this hasn’t been corrected yet. I don’t think it’s going to correct easily,” he said, adding “We are running out of steam.”
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