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Ron Paul predicts 15-year depression
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Wednesday, March 25, 2009
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Congressman Ron Paul believes the credibility of our government and currency is waning... and has been ever since we abolished the gold standard in 1971. And that means not even "safe" investments, like U.S. Treasuries, are safe.

"People will start to abandon the dollar as current and past economic policies create a steep rise in interest rates," Mr. Paul says.

"If you are in Treasuries, you will need to be watchful and nimble to time your escape. The US government just won't allow the correction the economy needs. No one remembers that one. They'll remember this one, because it will last 15 years."

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Topics: US dollar | Bonds | Boondoggle
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