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‘Biggest bubble in history of mankind’: Ron Paul says US stock market will soon plunge by 50%. Richard Wolff says we are due for a crash
RT / BATTLE FOR WORLD - October 11, 2018: The article highlights that the recent jump in Treasury bond yields indicates that the US is barreling towards a potential recession and market meltdown at an increasingly fast pace, according to former Republican congressman Ron Paul.
“We’re getting awfully close. I’d be surprised if you don’t have everybody agreeing with what I’m saying next year some time,” the retired politician told CNBC.
Paul’s remarks come as the benchmark 10-year Treasury yield rallied to seven-year highs, intensifying fears over rising inflation.
“It can be pretty well validated by looking at monetary history that when you inflate the currency, distort interest rates, and live beyond your means and spend too much, there has to be an adjustment,” the politician said, adding: “We have the biggest bubble in the history of mankind.”
(Note: Youtube is censoring videos and channels. The title of the video is “Will Trump’s Trade War Spur a Major Crash?”)
‘Biggest bubble in history of mankind’: Ron Paul says US stock market will soon plunge by 50%. Richard Wolff says we are due for a crash tonzal -- Wednesday, 13-Jan-2021 05:52:19
