While Kentucky Sen. Rand Paul continues his bid for the 2016 Republican presidential nomination, his father is starring in an ad that warns darkly that the United States is teetering on the brink of a devastating financial crisis whose effects can only be avoided by following his investment advice.
“Hi, Ron Paul here,” the former GOP congressman and two-time Republican presidential candidate says in the radio ad published by BuzzFeed. “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. This one won’t be solved with bailouts, and it will hit seniors the hardest.”
The 79-year-old warns of a coming economic armageddon — one not backed up by mainstream economic projections. According to a recent report from Moody’s Analytics, the U.S. economy is expected to grow 3 percent for the year despite a slowdown due, in part, to an unseasonably bad winter. And the value of the U.S. dollar has increased almost 15 percent from last year.
“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 U.S. dollar is rejected for almost any nonpaper alternative,” Paul continues.
Ron Paul’s doomsday view could complicate his son’s bid for the GOP nomination as Rand Paul looks to run a more mainstream campaign than did his father, who lost three separate bids for the presidency before leaving Congress and becoming a source of investment advice for apocalyptic thinkers.
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https://www.yahoo.com/politics/ron-paul-investment-ad-predicts-currency-crisis-118207796096.html
