Ron Paul has issued a warning that an eventual “day of reckoning” is coming for the stock market. .
“I am utterly amazed at how the Federal Reserve can play havoc with the market”, Paul said here, “I look at it as being very unstable”.
Paul continues, “the fallacy of economic planning has created a horrendous bubble in the bond market that its only a matter of time before the bottom falls out. And when it does, it will lead to stock market chaos”.
As for when this event will actually occur, Paul was skeptical of a specific date, but said Americans should be ready for an economic collapse that would eclipse any we have seen before. While this could be misconstrued as fear mongering rhetoric, one cannot ignore the major warning signs.
You can create a safety net by purchasing gold or other precious metals to protect your assets.