Years ago, Ron Paul predicted the situation we’re in now.
He said big government would eventually spend too much. They would spend it on “wasteful pet programs, wars and corruption.”
And they wouldn’t stop.
Because “the people who run the printing presses have trouble shutting them off.”
Sound like today?
Here’s what he wrote in 2010:
“The arguments against gold are usually straw men, based on a fundamental misunderstanding of the purpose of buying gold. Gold is not a typical investment. It is a defense against the predictable behavior of governments to debase a fiat currency under its absolute control. The people who run the printing presses have trouble shutting them off. In order to limit one’s exposure to this reckless behavior, it is wise to exchange unsound assets for sound ones…
