Former Presidential candidate and Texas Congressman Ron Paul is featured in a new film called “The Bubble.” The film is predicting a financial collapse even worse than the 2008 crisis and lays blame on Congress and the Federal Reserve.
Other cast members include Peter Schiff, Jim Rogers, Marc Faber, Doug Casey, Jim Grant and other experts that predicted the housing bubble. The script is written by economic historian Tom Woods and based off his New York Times best seller “Meltdown.” Famous bearish investor David Tice is the Executive Producer.
In the film, Paul says that Ben Bernanke's response to the 2008 crisis is only postponing America's fiscal problems. Paul believes that the massive increase in the money supply by the Fed will lead to extreme inflation and terrible unemployment. He says it is absolutely delusional to think we are entering into a period of recovery with either Romney or Obama. The Congressman was quick to point out that both Republicans and Democrats played a part in passing the recent stimulus acts and bailouts.
“The standard of living is going down,” Paul stated. “The culprit is lower than market interest rates. The keynesians don't emphasize the need for production. They just want to create money and get people in the government to spend money...it is a very corrupt system and it is very unworkable.”
The raw footage of Ron Paul and the rest of the cast member interviews are available online at http://www.TheBubbleFilm.com.
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