In this exclusive interview with Birch Gold Group, former Congressman Ron Paul shares his opinions on a number of topics, including investing in physical gold and silver, the future of the U.S. dollar and the role of the Federal Reserve. <\/p>\n<\/p>\n
Full audio if the following interview is available here. <\/p>\n<\/p>\n
Rachel Mills for Birch Gold Group (BGG): This is Rachel Mills for Birch Gold Group. I am speaking with Ron Paul today. How are you, Ron Paul? <\/p>\n
Ron Paul (RP): I am doing very well. Nice to talk to you Rachel. <\/p>\n
BGG: Its good to talk to you again, and by the way of information for Birchs audience, I was your last press secretary on Capitol Hill in Congress and I worked for you for the 5 years. So I may be cheating a little bit because a lot of your answers to my questions I maybe have a pretty good guess at what you might say. <\/p>\n
RP: Okay! <\/p>\n
BGG: But, just really quick today with you Id like to go over several things. But Id like to ask your opinion on things like Janet Yellen as the next Fed Chair, about debt ceiling and shutdown issues. I want to get into, briefly, if you are still a buyer of gold even though it is so expensive. But first I wanted to introduce Birch Golds listeners to your background a little bit because I think its fascinating. In 1971, Nixon closed the gold window which led to the end of the Bretton Woods agreement. That was very important event for you, I know for sure, because you knew at the time that it would eventually destroy the currency, which we are still experiencing. And you said that that was what got you into politics to begin with. Had you been reading Austrian economists before that? <\/p>\n
RP: Yes, for a good while. As a matter of fact, it was 1971, there was confirmation of the Austrian economic writers who had been predicting that would happen as early as Henry Hazlitt said when the IMF was set up in 1945. He said it wouldnt work and Bretton Woods would break down. And by the 50s and the 60s people were rejecting it and it was so artificial and it was fragile. So people did know that it was coming, and mainly it was coming because the governments pretended that the dollar would be as good as gold at $35 an ounce forever, yet they kept printing dollars and it was pretty simple logic to figure out therell be a limit. The governments worked real hard to convince the people that there was no problem, that the dollar would always be valued at $35 an ounce. <\/p>\n
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