"We will join the rest of them and go to total negative rates in hopes that that will be the solution," Dr. Paul told CNBC's "Futures Now" on Thursday. "We've never had as many currencies in negative interest rates. $17 trillion worth of bonds [are] in negative interest rates. It's never existed before. And, that's a bubble. So, we're in the biggest bond bubble in history, and it's going to burst."
Dr. Paul, who is a former presidential candidate and vocal libertarian is well-known for his economic and stock market bubble warnings as well as his stance on small or non-existent government. He says that the Federal Reserve's policies are powerless in this current bubble environment and that this week's Fed meeting will not provide any kind of relief to Americans. He also says cutting interest rates again will not be the answer.