Trump is Right, the Fed is Lost and It Will Get Ugly, Says Ron Paul

The current monetary system is broken, and the economy may be worse before it gets better, said former congressman Ron Paul.

"It's a system that isn't workable, and this is the reason why getting out of this recession hasn't been so good. We got into it because there was too much spending, too much regulation, too much printing money and too much alteration of interest rates," Paul told Kitco News.

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.