Ron Paul appeared on Fox Business last week to talk about Cyprus, the devastating quantitative easing of the Federal Reserve, and gold as a standard for real money.
“What we’re witnessing now is the result of this wild quantitate easing, pumping all the money into the bonds and the stocks. At the same time we have 50,000 people in New York City that are homeless. We have 8 million people on food stamps… And the real unemployment rate is probably closer to 22%. So this pumping and quantitative easing has not solved our problem.”