22 votes

Ron Paul: Yellen DANGEROUS for economy - buy real estate & precious metals

http://www.kitco.com/news/video/show/Metals--Minerals-2013/4...


http://youtu.be/B81sB3OVPPE

Metals & Minerals conference is going on in San Francisco. Understandably, attendance is very low this year of the order of 500, compared to around 3000 last year.

What does former U.S. congressman Dr. Ron Paul think about Janet Yellen as the Fed Chair? Kitco News caught up with Paul at the Metals & Minerals Conference in San Francisco, where he is a keynote speaker, to discuss monetary policy, gold and the US dollar. “It’s easy to be a critic if you don’t believe they should exist,” Paul says in response to his criticisms of the Fed. Having Yellen as the next chair, Paul says not much will change. “If anything, it’ll be slightly worse because she is a very aggressive inflator…I think she’ll be dangerous to the dollar and she will not revive the economy.”




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In which counntry or State?

Could he be a little more specific?

Ie. Property rights, debts

donvino

Real estate?

I assume you're referring to real estate?

He didn't specifically get into nitty-gritties like that. There is a video in the link I posted, did you watch it? Essentially he was speaking common sense answer to a question of holding "real tangible" assets, as long as there is no requirement to go into debt for that. That includes quality rental generating real estate properties.

I know State of Washington has no state taxes on rental income earned from properties there. Possibly Texas & few other states fall in that category too, although as things stand right now for comparable properties (equal square footage, lot size, similar structure ages) property taxes in Texas are lot higher than in Washington.

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
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I can't think of an instance...

during which Ron Paul was wrong. So, look out for inflation!

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BC
Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry