As you can see he knows and only a few others know that its the fed that is creating the next collapse. He mentions that investors will eventually lose confidence in the fed, thats the same exact thing I have said for quite sometime, the fed will lose all and any credibility they once had and that alone will cause the collapse and fear to enter the market, the fed is backed into a corner with no way out, with rates at 0% where can they go, how much more stimulus can you do, how many more bailouts and trillions can you put on your balance sheet before everyone realizes that from the start this crisis was never fixed but just prolonged....... explain to me how the fed will get the economy and market out of the next crisis.... Ron Paul: Stock market 'day of reckoning' is near Amanda Diaz | @CNBCDiaz 1 Hour AgoCNBC.com Ron Paul says the Fed's easy money policies have left stocks and bonds are on the verge of a massive collapse. "I am utterly amazed at how the Federal Reserve can play havoc with the market," Paul said on CNBC's "Futures Now" referring to Thursday's surge in stocks. The S&P 500 closed less than 1 percent off its all-time high. "I look at it as being very unstable." In Paul's eyes, "the fallacy of economic planning" has created such a "horrendous bubble" in the bond market that it's only a matter of time before the bottom falls out. And when it does, it will lead to "stock market chaos." As far as when the bubble will burst, the former Republican presidential candidate said, "I don't think there's any way to know what the [timeline] is, but after 35 years of a gigantic bull market in bonds, [the Fed] cannot reverse history and they cannot print money forever." Of course, Paul has been known to make similar calls in the past, but even as stocks continue to make new highs, he remains just as convicted as ever that there "will be a day of reckoning" that will lead to a collapse in both the fixed income and equity markets. "I think [the crash] is going to be much greater [than 10 percent] and it will probably go a lot lower than people say it should," said Paul. "I don't think it's going to be just a correction." Paul added, eventually investors will "lose confidence" in the Fed, and when they do, the market could witness a "very big crash."
And here's him saying the same thing in 2011, and if I took the time I could probably find him saying it every year for the past 20 years. Meanwhile he missed the S&P 500 doubling since that dire warning in 2011. The guy's a broken clock, he continuously predicts a crisis, is "right" when one happens every few years as is bound to happen, and no-one ever holds him or his type accountable for the fact that they're wrong the vast majority of the time. Ron Paul Warns of 'Cataclysmic' Economic Crisis By David A. Patten | Wednesday, 05 Jan 2011 11:46 PM Former presidential candidate Rep. Ron Paul warned Wednesday that even if Republicans fulfill their pledge to slash $100 billion in federal spending, the United States still only has a one in 10 chance to avert an economic catastrophe. Appearing jointly on Fox News with his son, newly minted Kentucky Sen. Rand Paul, the Texas Republican said that a $100 billion cut in federal spending — a goal that leading Republicans now are cautioning may not be realistic — would amount to “peanuts.” “It hardly does anything,” Paul said of the $100 billion cut, which would roll back federal spending to 2008 levels. Rep. Paul pointed to the fact that the Federal Reserve recently embarked on a massive $600 billion expansion of the money supply without congressional authorization. “The government itself is so out of control,” Rep. Paul told Fox News host Neil Cavuto, “that I don’t think anybody realizes how bad it is, and how little control we have on it . . . And that’s why for 20-some years I have been voting against every single appropriation, because I assumed that spending is too high, government is too big, it’s growing exponentially.