U.S. Could Collapse Like Soviet Union, Ron Paul Says [View all]

[DonViejo]

U.S. FALLING APART LIKE SOVIET UNION COLLAPSE, RON PAUL SAYS

BY JESSICA KWONG ON 12/29/17 AT 4:24 PM

Libertarian Republican leader Ron Paul said that the American system under President Donald Trump is “coming apart” and that the booming economy this year is “a bit of an illusion.”

“We’re on the verge of something like what happened in '89 when the Soviet system just collapsed,” the former Texas congressional representative told the Washington Examiner on Tuesday. “I’m just hoping our system comes apart as gracefully as the Soviet system.”

Paul said that a potential breakdown of the U.S. system due to underlying debt, inflation and inequality could result in a new monetary policy.

“The country’s feeling a lot better, but it’s all on borrowed money,” he said. “It’s a bubble economy in many, many different ways and it’s going to come unglued.”

Paul added that he expects that the U.S.’s footprint abroad will change.

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http://www.newsweek.com/us-falling-apart-soviet-union-collapse-ron-paul-says-765687