Source: Ron Paul Liberty Report
by Ron Paul
“The costs of this war will put added pressure on the Federal Reserve to keep interest rates low and increase its purchase of Treasury bonds in order to monetize the federal debt. The pressure on the Fed will also increase as other countries reduce their purchase of US debt. These reductions will be motivated by concerns over the economic instability caused by the US government’s out of control spending and by resentment over the US government’s hyper-interventionist foreign policy. These factors could also accelerate the increasing rejection of the dollar’s world reserve currency status. A loss of the reserve currency status will cause a dollar crisis, leading to an economic crash worse than the Great Depression.” (03/09/26)
http://www.ronpaullibertyreport.com/archives/will-the-dollar-be-a-casualty-of-the-iran-war