01-21-2017, 08:41 PM
Dr. No's attempt attack on Dr. Paul is outright dishonesty. While Dr. Paul has made many predictions about the direction of the economy (all accurate), he has not made predictions of specific dates of events. No one can accurately predict dates, especially with worldwide reserve currency, backed by worldwide military apparatus. He made no such prediction that we would certainly have a world government and world world currency by today. Nor did he predict the economy was supposed to have an economic collapse each and every single year of the past 40+ years.
And on the rest, everything has been accurate. Default is continuously occurring through inflation, and with the "official" debt doubling in only 8 years now, larger defaults in one form or another are inevitable. This is really no prediction, this is simply mathematics. .
On inflation, Dr. Paul predicts inflation, but I don't believe he has ever said hyperinflation is guaranteed (although it probably is), but rather we are travelling down the path to an inflationary outcome. And again, he has never assigned specific dates to such economic events. For instance Dr. Paul in some of the strongest of his own words I have heard, "I think the wave of the future is inflation. It's just beginning – to the point that the dollar will be rejected as the reserve currency of the world. If there's a panic out of the dollar you will see the destruction of the dollar rather quickly. The end stages of a currency comes quickly." He continued, "We've seen this in Zimbabwe, Mexico and Central America. Today there's an illusion and false trust in our money."
Likewise the dollar is continuously collapsing through inflation, and will accelerate. But again, no dates are given. Especially considering the dollar world status is unique in history. While there have been prior international reserve use currencies, No other currency has been as widespread and deeply established as a world currency as the US dollar today. Nor has such currency been back by a such a powerful globally reaching military-security-deep state political apparatus as the current establishment. Many factors hinder true free-market evaluation of the currency such as the Petrol-dollar system in the middle east, the destruction/sanctioning/bullying of any nation rejecting dollar use for trade or any signiianct petrol producing nation that does not cow-tow to the US deep state desires . The path is set. The direction is predictable. The arrival times, however are not predictable.
Interest of course goes hand-in-hand with inflation. While government and the Fed may be able to artificially keep market rates down for a time, and maybe even US debt and Fed set rates artificially low permanently, eventually however market rates will inevitably follow and then lead real inflation when inflation rises. This is not any prescient insight. This again is simple logic.