Ron Paul Still Firing Away At The True EnemySubmitted by GBAmerica on Fri, 04/05/2013 - 23:09
RON PAUL STILL FIRING AWAY AT THE TRUE ENEMY
If you have been confused by the bullshit being spewed by the MSM about the true cause of the Cyprus looting, Ron Paul puts it all into perspective with a clear concise description of what happened and why it happened. The lesson is that a fiat currency, backed by nothing, combined with a fractional reserve system that only retains a fraction of the cash deposited into the banking system, is a recipe for diasaster.
Make no mistake about it, the scenario that has played out in Cyprus, Greece, and the rest of insolvent Europe, is exactly the same as the U.S. The Wall Street bankers took our deposits and made hundreds of billions in bad loans that will never be repaid. There is not enough cash to ever cover the bad loans. Ben Bernanke has responded by printing trillions of new pieces of paper that are supposed to function as our currency. The law of supply and demand will always apply, as the greater the supply, the lower the value of the supply. This Ponzi scheme response to debt that needs to be written off solves nothing. It delays the ultimate collapse until the oligarchs can safely abscond with the remainder of middle class wealth.
Ron Paul has been right for decades. He is right now. Get your cash out of the system now. You’ve been warned.