Can't Avoid Great Depression Says Ron Paul; How Long Will It Last?

Summary

David Lin interviews Dr. Ron Paul on tariffs, government spending, the Federal Reserve, debt, and the risk of an unavoidable Great Depression. Ron Paul argues tariffs are harmful taxes, deficit spending and special interests prevent serious cuts, and the Fed will liquidate debt through monetary inflation. He is skeptical of official inflation and employment data and sees no way to prevent a depression, only to shorten it. The sponsor segment promotes a lower-cost precious-metals trading platform.

• Ron Paul says tariffs are taxes on consumers that distort markets and do not solve deficits.
• He doubts DOGE-style spending cuts can materially shrink government because courts and special interests resist them.
• He criticizes expanded executive power, military spending, and the military-industrial complex.
• He argues the Big Beautiful Bill and debt-limit increases worsen the fiscal trajectory.
• He expects the Fed and government to liquidate debt through inflation rather than outright default.
• He questions official CPI, PPI, and unemployment data and says real inflation is higher.
• He believes a Great Depression is unavoidable but can be shortened by letting the market liquidate malinvestment.
• The sponsor read promotes Bullion Standard Pro for lower-spread gold and silver transactions.