23 Apr '13, 6pm

Ron Paul On Bitcoin: 'If I Can't Put It In My Pocket, I Have Some Reservations' by @JuliaLaRoche

Ron Paul On Bitcoin: 'If I Can't Put It In My Pocket, I Have Some Reservations' by @JuliaLaRoche

"No one knows it other than what is happening at that moment. The Supply and demand of gold is very important. That is why it is money, because gold is used elsewhere and it is commodity. The supply and money of paper is the culprit. That is the one that is causing all the trouble. People ignore the supply and demand of paper. Yes, paper goes up and goes down, but look at the long term purchasing power of the dollar. It has been devastating. At the rate they are printing the money, you will see a continual devastation of the value of the dollar. You will not see economic growth until you liquidate the debt and liquidate the malinvestment out there. Sure, you will see housing go up again, but you will see more bubble formation because prices go up does not mean there is economic growth. We are a long way from the correction, mainly because they ignore the definition of infl...

Full article: http://www.businessinsider.com/ron-paul-on-bitcoin-2013-4

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