In an interview with Fox News Thursday, Rep. Ron Paul predicted that the violent riots in Greece over that nation’s debt crisis will soon spread to the United States as a worldwide currency collapse triggers mayhem.
“There’s going to be anger and there’s going to be riots in the streets as well,” Paul said. “This is all a consequence of how governments spend like this. It’s because they don’t have sound money. We run up deficits. We tax, but never enough. We can’t tax enough. It would ruin the economy.
“I think this is just the opening of a much more serious crisis than the financial crisis. I think what we’re seeing is a shift from the financial crisis, the financial institutions, to a currency crisis. Even though the dollar is up sharply... I see this as an attack on the dollar.
Paul said what’s being seen in Greece now, and will soon spread to the United States, is a growing lack of trust in paper currency as governments like the United States run up huge deficits.
“Gold is acting as money and they’re giving up on the paper currencies,” Paul told Fox. “And I think this world is in for big trouble and this is much worse than having a financial crisis.”
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