Ron Paul: Collapsing Economy Fuels Baltimore-Style Riots

(Kit Daniels)  The largest – and yet underreported – factor behind the Baltimore riots is America’s poor economy and it’s only going to get worse, according to former presidential candidate Dr. Ron Paul.

“We know about the militarization of the police and their overreaction in the drug war,” he said Thursday onthe Alex Jones Show. “We also noticed that some people who are on the receiving end of excessive police force are overreacting too and people can get pretty nervous about that as well, but the big, overwhelming thing that drives the problem in the inner city is back to economics.”

“If we had a thriving economy, the problems in the inner city wouldn’t be there, but when you have an entitlement system, Keynesian economics and the Federal Reserve fixing it up for the rich to get richer and the remaining part of the middle class, the upper middle class that might be remaining, the rich even go after them to tax them to try and keep this [system] going.”

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“One thing for sure, we don’t know when this is going to end, but it will end,” Dr. Paul continued. “There’s never been a paper currency that lasts for an indefinite period of time; they always end and this one [the U.S. Dollar] has gone on for way too long, it’s bigger than ever.”

“There’s never been a fiat currency like the dollar in our world as it is today.”

The U.S. economy slowed to a crawl in the first quarter of 2015, growing at only 0.2% in comparison to 2.2% in the last quarter of 2014.

“There is a huge bubble with the dollar,” Dr. Paul toldCNBC on April 14. “It’s not so much that the dollar is a great currency; it’s the fact that nothing else is any better.”

“The fundamentals are a disaster and the economy is in bad shape when you have more than half the people hardly making ends meet.”

Thus it’s no coincidence that the rioting in America today coincided with a collapsing economy.

 

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