Ron Paul: Global recession is here - Fed will blow it up

Former Treasury Dept. official Dr. Nouriel Roubini has warned central banks around the world they will be unable to fix the world's economy by simply printing more and more money. Former presidential candidate and US Representative Dr. Ron Paul (R-Texas) joins Rick Sanchez to weigh in. He argues that "when you destroy the currency you destroy the middle class" and that overdependence on government and unsound money is the root of the problem of exploding global debt.

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 Channel, an online broadcast alternative to the mainstream media. Ron's most recent novel is Swords into Plowshares.