DR. RON PAUL AND PORTER STANSBERRY
But, Dr. Paul, I will tell you that I wrote something as far back as 2010 where I saw how the Fed was responding to the mortgage crisis. And what I know about history and what I know about monetary policy and theory is that once democracies begin to print money to pay for the government’s bills, they never stop. And that has a corrosive effect on society.
Reserve, and the financial bubble. And the lockdown and what’s happening in the streets are very important, but no one is not talking about the real source of how the financial bubbles develop. So how do you handle that? Do you talk about the lockdown and the damage and tell people some of the things that they have to do and how to invest because of that? And of course the Black Lives Matter is significant – we can’t ignore that. But I think that unless they’re reading your advisories and a few others, not too many people concentrate on basic monetary policy. Porter Stansberry: Yeah, we’re definitely on the same page there. But if I may, let me just bifurcate a little bit. I have a larger research company, Stansberry Research, and there are a lot of good analysts and writers there. And they have different areas of specialty. For example, I think the two things that my business does the best is biotech research and, ironically enough, property and casualty insurance research. And they’re not really related, but we have staffs with decades of experience in those fields, so we produce very insightful industry work in those categories. I’m probably the one person at my company who cares the most about these ideas – about the overall impact of monetary policy – and I’ve probably written more about it than any other writer. So I just want to be careful that I’m speaking for myself here and not necessarily for all the writers or all the thinkers at Stansberry Research. They all are entitled to their own opinions.
A lot of people in the mainstream media
snickered when I said that this would lead to violence in the streets. It would lead to a breakdown of societal norms. It would lead to more and more and more printing and a total devaluation of the dollar and the loss of our world reserve currency status.... But virtually everything I wrote over a decade ago has come to pass. The thing that I wrote was called “The End of America.” And of course a lot of people in the mainstream media snickered when I said that this would lead to violence in the streets. It would lead to a breakdown of societal norms. It would lead to more and more and more printing and a total devaluation of the dollar and the loss of our world reserve currency status. And everyone made fun of me.
American Consequences
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