Ron Paul told Lou Dobbs 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.
Paul made his comment as Federal Reserve boss Bernanke travels to Jackson Hole, Wyoming, amid rumors that the privately held banker outfit that passes for a federal agency will engage in more quantitative easing, banker-speak for money printing.
Economists predict Bernanke will not announce QE3 at the bankster Economic Symposium in Wyoming, but will be obliged to crank up the printing presses in the near future.
On Friday, Martin Weale, a member of the Bank of England monetary policy committee, signaled that the central bank stands ready to do the same in response to reports of flat GDP growth.
Ron Paul told Infowars.com journalist Robert Wanek at the Iowa State University during the recent Ames straw poll that the federal government is preparing for civil unrest and martial law in the United States.
On August 19, Paul Joseph Watson reported on plans by NYPD to prepare for civil unrest following the riots in the United Kingdom.
As we reported earlier this month, talk of CONPLAN 3502 circulated in the media following the UK riots. The secret Pentagon Civil Disturbance Operations plan calls for the round-up and detention of protesters and activists following a national emergency.