Jim Rogers and Ron Paul: You Can’t Disobey Economic Law

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Jim Rogers and Ron Paul: You Can’t Disobey Economic Law

On the heels of a scathing assessment by Nigel Farage on the economic conditions in Europe which he says will ultimately lead to violent revolution, former US congressman Ron Paul and well known investor Jim Rogers weigh in on the discussion.

Undeterred by those who fail to heed his warnings, Dr. Paul suggests that global economic conditions, spearheaded by out-of-control government policies in the United States, will continue to deteriorate until such time that the whole system comes unhinged.

With financial markets hitting all-time highs, jubilation spreading throughout Wall Street, and average Mom & Pop Americans wondering if it’s time to plunge back in to stocks, Paul sees no reason for celebration.

The economy worldwide, certainly in the States, is a lot weaker than they tell us.

I believe that the unemployment rate in the United States is over 20%.

I think there’s still inflation with the dollar… Everybody knows that they’re printing $85 billion a month… that could be considered inflation.

You still have inflation, and that’s distortion… you have malinvestment… so you still have the built in problems, and we have plenty.

I would expect that there’s going to be a lot more chaos yet to come. It will not be limited to Europe. I think it will be a worldwide phenomenon.

That states won’t escape it either because there are so many gross distortions throughout the world….

We disobeyed economic law… and you can’t do that, no matter what Bernanke tells you.

more: http://etfdailynews.com/2013/05/03/jim-rogers-and-ron-paul-you-cant-disobey-economic-law/