Congressman: Stock Market Will Eventually Collapse
Ron Paul says martial law provisions in place to deal with economic discord
Prison Planet | August 29, 2007
Paul Joseph Watson
Texas Congressman and presidential candidate Ron Paul says that attempts to rescue an ailing stock market last week, during which the Fed pumped in billions in liquidity, were merely a stop gap measure - and that an economic collapse is all but inevitable.
"They think that they can control it but eventually they can't, as powerful as they are eventually the markets are more powerful," the Congressman told the Alex Jones Show yesterday.
"The dollar can't be kept in check because eventually it will come unwound," he added.
"But I think the most significant figure we've heard in the last few weeks is the measurement between 2000 - 2005, the clear cut admission that real income has gone down, which is a reflection of the dollar."
Paul explained that recent attempts to pump liquidity into the markets are only a temporary fix and that the long-term effects of doing so spell disaster for the economy.
"The dollar is plunging no matter what you read and hear about and no matter how hard they work to keep the bubble going the only way they can do that is creating more money....causing the dollar to go down even faster, the market seems to be reassured - there's a contrivance to try to hold this together....but it won't last, eventually it's going to collapse," said Paul.
The Texas Congressman cited the repeal of the Insurrection Act as opening the door to a declaration of national emergency and martial law which could be instituted for any number of reasons, including civil disobedience in the event of an economic downturn and a run on the banks.
"If in 6 months or a year there is total chaos who knows what they might try to do," said Paul.
The presidential candidate also slammed the abolition of Habeas Corpus as a "very dangerous sign" that plans were being laid for martial law.
"Why would they change them (the laws) if they didn't plan to use them," concluded Paul.
Suspicions were raised last week when a mystery trader risked billions of dollars after buying 245,000 put options on the Dow Jones Eurostoxx 50 index, in effect a speculation that the market would crash by a third before September 21st.
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