The world is headed for a collapse of CREDIT but if Ron Paul is able to end the wars, audit the Fed, introduce competing currencies, open the Mint to gold and silver and get rid of all the useless regulations then the crash will mostly affect those large corporations whose business in any event is international and who are locked into the elastic money machine. The strength of the US dollar is relative to every other fiat currency and they are all under pressure.
The first country to begin officially using gold and silver as money will have an advantage and this will be reflected in the currency markets. Dr. Paul has never indicated any interest in saving the world so I do not expect that global stability will be his first priority. Yes there will be a CREDIT collapse but it remains to be seen what effect that will have on those companies who are not overstretched on debt.
This will result in some very large bankruptcies of big banks and corporations but I believe their assets will be very quickly absorbed by those smaller companies who have maintained solid balance sheets. Do not forget that most economists are Keynesian and focus on the macro picture while Dr. Paul and his associates are Austrians and are more concerned with the micro context.
It is this focus that is needed in the coming years as the entire Keynesian mumbo jumbo comes crashing down and is replaced with the more sane Austrian economics. If Dr. Paul is President he will be introducing Austrian reforms that will be very effective in restoring the American economy to health after the necessary purging of the debt laden elements.
"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)
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