What Ron Paul Told Me About the End of Dollar Hegemony

[nbruno322]

Good article about Ron Paul linking the dollar's status as the world's reserve currency to the Middle East policy, from a speech I (and many others) had never heard of before.

http://www.internationalman.com/78-global-perspectives/1019-what-ron-paul-told-me-about-the-end-of-dollar-hegemony

[specsaregood]

I've posted and linked and sent that speech to people many a time. It really clears up a lot of the hows/whys of history, economics and govt policy.

[kcchiefs6465]

I've posted and linked and sent that speech to people many a time. It really clears up a lot of the hows/whys of history, economics and govt policy.
His best speech, imo.

[Athan]

Thanks for the link!

[specsaregood]

His best speech, imo.

It'd make a great outline for a semester of college.

[nbruno322]

from the article in the first post:

"In a historical perspective, nations and national boundaries tend to have as much permanence as a double cheeseburger placed in front of Chris Christie."

lol!

[VoluntaryAmerican]

speech video refers to:

http://vimeo.com/5372026

[Occam's Banana]

Transcript: http://archive.lewrockwell.com/paul/paul303.html

Video: http://vimeo.com/5372026


http://vimeo.com/5372026

[muh_roads]

Good article about Ron Paul linking the dollar's status as the world's reserve currency to the Middle East policy, from a speech I (and many others) had never heard of before.

http://www.internationalman.com/78-global-perspectives/1019-what-ron-paul-told-me-about-the-end-of-dollar-hegemony

It's all about the petrodollar. If oil is no longer traded exclusively with US Dollars the middle east, our happy party falls apart. It's only a matter of when.

[nbruno322]

Transcript: http://archive.lewrockwell.com/paul/paul303.html

Video: http://vimeo.com/5372026


http://vimeo.com/5372026

Thanks!

[Lucille]

Ron Paul Redux: "The End Of Dollar Hegemony"
http://www.zerohedge.com/news/2013-10-09/ron-paul-redux-end-dollar-hegemony


In a little-known 2006 speech (in the US, though widely known around the world), entitled "The End of Dollar Hegemony," Ron Paul discusses the breakdown of the Bretton Woods system - which most people know about - and the de-facto system that replaced it - which most people do not know about. As Casey Research's Nick Giambruno notes it is a must listen with the most important part of the speech where Paul discusses the petrodollar system, a primary factor in maintaining the dollar's role as the world's premier currency after the breakdown of Bretton Woods.
[vids]
Via Nick Giambruno of Casey Research (http://www.internationalman.com/78-global-perspectives/1019-what-ron-paul-told-me-about-the-end-of-dollar-hegemony),

The speech is an absolute must-listen...

...

The most important part of the speech is where Paul discusses the petrodollar system, a primary factor in maintaining the dollar's role as the world's premier currency after the breakdown of Bretton Woods.
[transcript]
Ron Paul told me that although this speech is relatively unknown in the US, it was widely received around the world. As we discussed the implications of these issues, Paul said that the premise of this speech still applies today.

I believe that once the dollar loses its status as the world's premier reserve, the US will start to implement the destructive measures we frequently discuss: capital controls, people controls, price controls, currency devaluations, confiscations, nationalizing pensions, etc.

Such things have happened recently in Poland, Cyprus, Iceland, Argentina, Zimbabwe, Venezuela, and a number of other countries.

Take a glance at history and you will quickly notice these measures are the norm when a government gets into serious fiscal trouble. Many nations have made the mistake of thinking they were somehow "exceptional" and that these kinds of things couldn't happen to them.

There is no question the US is and will continue to be in serious fiscal trouble unless it implements drastic (and politically impossible) changes. The only saving grace for the US has been its ability to print the world's reserve currency. But once that special privilege is lost, it will revert to the measures all other governments throughout history have taken.

You absolutely want to be internationalized before the US dollar loses its status as the world's premier reserve currency. I truly believe the window opportunity to take protective action will slam shut at that time. You can find our specific guidance on how to do that here.

First comment:


Deo vindice (http://www.zerohedge.com/news/2013-10-09/ron-paul-redux-end-dollar-hegemony#comment-4040099)

Ron Paul - the best president the United States never had.

Related: China calls for new global currency
http://abcnews.go.com/Business/story?id=7168919&page=1&singlePage=true

China, EU sign $57bn currency swap agreement
http://thebricspost.com/china-eu-sign-57bn-currency-swap-agreement/#.UlcX6xCRZGM

[jllundqu]

I'm pissed! I was in Tucson on Saturday! I had no idea RP would be in town....


:mad:

[nbruno322]

http://www.youtube.com/watch?feature=player_embedded&v=44wo8IhuHfQ


http://www.youtube.com/watch?feature=player_embedded&v=JUacN9pRWII


http://www.youtube.com/watch?feature=player_embedded&v=gl1EE2-z5C8