{"id":20715,"date":"2023-05-09T05:39:25","date_gmt":"2023-05-09T05:39:25","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ron-paul-states-federal-reserves-decade-of-near-0-rates-caused-todays-financial-crisis-economics-bitcoin-news\/"},"modified":"2023-05-09T05:39:25","modified_gmt":"2023-05-09T05:39:25","slug":"ron-paul-states-federal-reserves-decade-of-near-0-rates-caused-todays-financial-crisis-economics-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ron-paul-states-federal-reserves-decade-of-near-0-rates-caused-todays-financial-crisis-economics-bitcoin-news\/","title":{"rendered":"Ron Paul States Federal Reserve’s ‘Decade of Near 0% Rates’ Caused Today’s Financial Crisis \u2013 Economics Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Former House Representative Ron Paul has presented his stance when it comes to the financial crisis that the U.S. is currently facing. Paul stated that the continued application of quantitative easing (QE), a policy used to increase the money supply, and the decades of almost null interest rates, are what nurtured the current financial crisis the U.S. is facing.<\/strong><\/p>\n

Ron Paul Believes Federal Reserve\u2019s Policies Created Today\u2019s US Financial Crisis<\/h2>\n

Ron Paul, former representative and presidential candidate, has recently talked about the financial crisis the U.S. is facing. According to him, the policies that the Federal Reserve applied to maintain a welfare state at the cost of creating deficits have created today\u2019s financial hardships for the country.<\/p>\n

Paul stated<\/a>:<\/p>\n

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Today\u2019s financial hardships stem from the Fed\u2019s decade of near 0% rates and quantitative easing (QE). These created a decade\u2019s worth of uneconomic investments. Every bad idea imaginable received funding.<\/p>\n<\/blockquote>\n

Paul criticized loose monetary policies he says allowed bad debt to be created with credit going to non-profitable investments, and this situation is now becoming unsustainable to the tightening of economic conditions. Paul explained that \u201cas much as a \u2018hangover\u2019 after the consumption of too much alcohol is painful, so is it painful when a fake prosperity crashes with economic reality.\u201d<\/p>\n

\u2018The Fed Is Unconstitutional\u2019 but Part of the Solution<\/h2>\n

Paul, a longtime critic of the validity of the existence of the U.S. Federal Reserve and its faculties, praised the action of the institution that is currently trying to rein in inflation by raising interest rates, even if this has affected the banking system according to government spokespersons.<\/p>\n

On this, Paul remarked<\/a>:<\/p>\n

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Rising interest rates under Powell are the cure and road back to some form of economic sanity. The Fed shouldn\u2019t exist. It\u2019s unconstitutional and immoral. But rising rates are not the source of our problems. The big blunder was 0% rates and QE.<\/p>\n<\/blockquote>\n

Paul has been alerting the public about the progression of the de-dollarization process and the effects that losing reserve currency status might have on the U.S. While he believes that the de-dollarization process has recently accelerated<\/a>, with the recent activities of the BRICS bloc, he stated<\/a> this will likely take longer than some predictions indicate and that there is no established timeline for this to happen.<\/p>\n

What do you think about Ron Paul and his opinion about the role of the Federal Reserve in the U.S. financial crisis? Tell us in the comments section below.<\/strong><\/em><\/p>\n

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\nSergio Goschenko <\/h6>\n

\nSergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Al Teich \/ Shutterstock.com<\/em><\/p>\n

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