After bloodbath, Ron Paul warns of ‘next bubble burst’
After the collapse of the tech, housing and financial bubbles, Paul said, the “dollar bubble” will be next.
“That’s going to be the big one,” the Texas congressman said on the heels of yesterday’s worldwide market plummet, which saw the Dow lose more than 500 points.
In response to the market bloodbath, Paul noted, investors are pouring money into treasury bills and dollars, “but that is a bubble, too.”
“When the panic comes, and they leave the dollar and go into real assets, that’s when the whole world knows that a new monetary system is on the horizon, because this one will not last,” Paul warned.