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Friday, November 18, 2011

Ron Paul: U.S. In Denial That Country Is "Bankrupt" And "Insolvent"



"They don't want to hear what I have to say because I do challenge the status quo. The statue quo of both parties, and our foreign policy, and the policy of the Federal Reserve which serves a lot of powerful special interests, so maybe there is a concerted effort to make sure these views are circulated too widely," Paul said.

"The country, basically a lot of people still, as well as the politicians here, they're in denial. They don't realize we're technically bankrupt. We're insolvent. We can't pay the bills. The only thing that keeps us going is this illusion that our dollars will last forever and all we have to do is create new money, pay the bills and bail out Europe and everybody else. But that is coming to an end and that's what our financial crisis is telling us," Rep. Ron Paul (R-TX) said on FOX News today.

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