Former U.S. Congressman issues the following Economic warnings:

breaking news

In a recent interview, former 22 year U.S. Congressman Ron Paul issued the following warnings to Americans:

• Currency Collapse in 2016 is INEVITABLE
• 3 signs of a Currency Collapse
• The World Reserve Currency WILL change
• The Fiscal Crisis will cause Federal Government to target 401ks & IRAs

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Currency Collapse

According to Ron Paul “A currency collapse is inevitable.” In the 1980’s President Ronald Reagan said: “No great nation that has abandoned the gold standard has ever remained a great nation.” Without a gold standard there is no limit to government spending. Alan Greenspan has stated, “In the absence of the gold standard there is no way to protect savings from confiscation through inflation.” Alan Greenspan has stated, “In the absence of the gold standard there is no way to protect savings from confiscation through inflation.”

Gold is the international currency and has been for over 4,000 years. Act now before the storm happens. Wouldn’t you rather be a week early than a day late?

3 Signs of a Currency Collapse

1A decline in the value of the dollar(U.S. dollar has lost over 40% of its value since 2000)
2A spike in inflation(Inflation is up over 35% since the year 2000)
3An increase in U.S. interest rates(Federal Reserve is set to increase rates this Fall)

The U.S. Dollar’s time is limited. Act now before the Global Reset. Learn how Gold & Silver can protect you in a currency collapse.

The World Reserve Currency WILL change

Recently China has increased its trading with Germany, India and others, excluding the U.S. dollar as the reserve currency. In addition 10 Countries have already signed a document to begin phasing out the U.S. dollar as their basis of trade. Even the IMF has proposed a new world reserve currency system. The days of the U.S. dollar as the world’s reserve currency may well be numbered.

The IMF has already stated that the next world reserve currency WILL be backed by GOLD. In 2014 & 2015 China bought more gold than the world produced leading many to believe the next reserve currency WILL be the Chinese Yuan.

The Fiscal Crisis will cause Federal Government to target 401ks & IRAs

The U.S. Debt is $18 Trillion, the value of all retirement accounts in America is over $20 Trillion. As we’ve already seen in Cyprus, the federal government may decide to target 401ks and IRAs as a source of additional revenue. This could take the form of a tax or fee of some sort. Dr. Ron Paul also mentioned the possibility of a tax on regular savings and other assets. If the government finds itself in a tight situation, as we’ve witnessed in the recent past, the potential intrusion could be severe.

You can legally take physical possession of your retirement account with a Precious Metals IRA and even store the gold in your house. This essentially takes you out of the government system and out of paper altogether. No more exposure to government risk.

A source

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