Alwaght- Ron Paul, 79-year-old former US Presidential candidate and 22-year Congressional veteran in Washington D.C. said, devastating financial crisis will plunge US into civil unrest.
Despite rising stock prices and a falling unemployment rate , United States is on the brink of a catastrophic financial crisis ," CNBC reported Paul as saying.
"The culprit of such an outcome could be the dollar," he added.
, "There's a huge bubble with the dollar," On Tuesday's "Futures Now " , he declared. "It's not so much that the dollar is a great currency".
"It's the fact that nothing else is any better", said Paul. "The fundamentals are a disaster. The economy is in bad shape when you have more than half the people hardly making ends meet " , he added.
Therefore, the quick and unexpected pop up of the dollar bubble will happen.
"Most of the time, these things are unforeseen," he stressed.
According to Paul, the collapse of the dollar and the stock market will likely come and it may lead to civil unrest.
This senior American politician warned, “Trouble is coming—please make sure you, your family, and anyone you care about are prepared”, the Crux recorded .
He noted the crisis “won’t be solved with bailouts ”.
"Today I have an urgent message for every American who’s retired or thinking about retiring soon. You see, our own government’s disastrous policies have now put you, me and everyone over the age of 50 at great risk. Sometime in the near future, we’re going to have yet another financial crisis .I fear there will be civil unrest, a drop in stock prices, pension fund collapses, big changes to Social Security and Medicare, the erosion of personal liberties, bank and brokerage closings and ultimately a major crisis as the US dollar is rejected for almost any non-paper alternative,” the 79-year-old politician warned.
