August 26, 2011
Ron Paul told Lou Dobbs yesterday that the inflation tax – printing more money and expanding the monetary base – will result in people going in the street.
Paul made his comment following large demonstrations and riots in Europe in response to the engineered global economic implosion.
In France, on May Day, more than three million people attended 300 rallies against President Nicolas Sarkozy’s economic recovery plan. The demonstrations followed Sarkozy’s announcement that the French government plans to implement austerity measures, including spending cuts and tax increases.
“There’s going to be an inflation tax to hit us and I am just afraid there will be people in the streets when they don’t get what they want,” Paul told the Fox Business Network.