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Ron Paul: US Stock Market About to Collapse

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 Cinnamon    24,792

With the stock market nearing all-time highs and the Federal Reserve hinting that it would not raise interest rates, former US Congressman Ron Paul warned that the Fed’s policies have put the market on the verge of a massive collapse.

“I look at the markets as being unstable, which means some days they go up a lot and some days they go down rapidly, but they don’t advance very far when you look at real growth,” Paul said on CNBC’s ‘Futures Now’ on Thursday.

“The [Federal Reserve] won’t allow this market to drop. This is why I’ve always leaned toward the assumption that the Fed is never going to raise interest rates deliberately. I think the market will raise interest rates.”

The Fed released a statement Wednesday indicating that it will hold off on raising interest rates for now, which led to a surge in the stock market on Thursday. The Nasdaq topped its intraday high from March 2000, while the S&P 500 closed less than 1% off its all-time high.

“I am utterly amazed at how the Federal Reserve can play havoc with the market,” said Paul, who has long been an outspoken critic of the Fed, calling for an audit of the financial institution.

The former Presidential candidate said it is not a question of if the crash will occur, but when this “day of reckoning” will arrive.


Video at link:


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