Ron Paul: 'It's the biggest financial bubble in the history of monetary policy' (Part 1/2)

The Federal Reserve has been managing the economy through "monetary manipulation," causing malinvestment, and the over-accumulation of debt, said former congressman Ron Paul.

The end result is an overinflated stock market that could see a "violent correction", as well as a monetary system on the brink of collapse, Paul said.

"I happen to believe it's the biggest financial bubble in the history of monetary policy," he said.

Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career and beyond. He is chairman of the FREE Foundation, founder of the Campaign for Liberty, and distinguished counselor to the Ludwig von Mises Institute. Dr. Paul recently started the Ron Paul Liberty Report, an online broadcast alternative to the mainstream media. Ron's most recent novel is Swords into Plowshares.

Photo credit: Gage Skidmore