Ron Paul discusses the economic crisis that he felt was impending due to the Federal Reserve and our fiat monetary system.
In 1988.
No doubt he was dismissed as a marginal doomsayer back then. Perhaps given the timeframe he was projecting for a depression made him so, but he could only speculate, after all.
The prediction hardly makes him a Nostradamus-type mystical soothsayer, however. Basing his projections on the solid ground of Austrian Economics, he was merely predicting what had to happen.
Pretty poignant stuff in retrospect. Hindsight is 20/20 after all.
Enjoy.
Hat Tip: Below the Beltway
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