Ron Paul: Unless the Fed is Stopped, America Will ‘Soon Experience Major Economic Crisis’

Ron Paul has written another column advocating the auditing of, and eventually shutting down, the Federal Reserve system.
Until the United States has the political will to tackle this important issue, America is in grave danger of ‘a series of ever-worsening economic crises’ which will wear down the purchasing power of the dollar while further eroding the standard of living for everyone.
In stark terms, Dr. Paul warns that this country and the world will ‘soon experience a major economic crisis’ unless they change course on monetary and economic policy.
via the Ron Paul Institute:
Last week Federal Reserve Chair Janet Yellen hinted that the Federal Reserve Board will increase interest rates at the board’s December meeting… However, there are several reasons to doubt that the Fed will increase rates anytime in the near future.
[…] The failure of the Fed’s policies of massive money creation, corporate bailouts, and quantitative easing to produce economic growth is a sign that the fiat money system’s day of reckoning is near. The only way to prevent the monetary system’s inevitable crash from causing a major economic crisis is the restoration of a free-market monetary policy.

This post was published at shtfplan on November 9th, 2015.