Ron Paul Talks Gold and Money on Tucker Carlson

Collapse Inevitable!  The interview with Tucker Carlson!

No one in Congress knew more about gold and money than Ron Paul.  For years his predictions about inflation and even specific events like the 2008 mortgage meltdown were so spot-on that they became legendary.  Dr. Paul served on President Reagan's gold commission, and from his seat on the House Banking Committee his questioning of Federal Reserve chairmen Alan Greenspan and Ben Bernanke punctured their myths about fiat money.

Now 90 years old – and still going strong in the fight against dishonest money, reckless spending, needless foreign interventionism, and Washington's intrusions into the peoples' liberties – Dr. Paul sat down with Tucker Carlson for and long-form discussion. 

You can watch the video below.

Jim with Ron Paul at Moneyshow 2013

The entire interview is rewarding and we highly recommend watching the whole video, but we've extracted a few bullet points from the conversation about gold and money:

Dr. Paul called the fiat system "fraud", "counterfeit money", and "all based on a lie."

The detachment from gold allowed unlimited money printing, which he said inevitably devalues currency: "If you print too much money, the value of the money goes down." He tied this to historical patterns of monetary abuse dating back to ancient times.

Dr. Paul called Washington's 1971 repudiation of its promised gold backing of the dollar, "our first declaration of bankruptcy"—a moment where the U.S. admitted it couldn't honor its promises and resorted to fiat lies.

Paul warned that the system is nearing its end due to these policies, with collapse inevitable:

• • "We're broke and everybody's starting to know… the system that we've lived on and off, special interest running things, that's coming to an end."

     

• • Persistent deficits, money printing, and debt accumulation create fragility: "The system is going away" (a line Tucker highlighted as "good news," implying opportunity in the reset).

     

• • He predicted division, class warfare, increased poverty, dependency on government, and domestic agitation as outcomes.

     

• • The fiat system finances both the welfare and warfare states, leading to moral and economic failure: "Policymakers convinced themselves they could avoid the trouble that printing money and subsidizing big government always fails."

Paul emphasized that official debt figures understate the problem, driven by fiat-enabled excess:

• • Debt is "much bigger than" the reported trillions (e.g., heading toward $40 trillion or more), as "everything is based on the falsehood of the paper currency and the printing of money."

     

• • This ties into expanded welfare (domestic and international), military spending, and credit creation by the Federal Reserve.
    

• • He referenced his own 2002 predictions of "exploding debt" and massive credit expansion worsening the dollar crisis—claims he said are now materializing.
    

Paul positioned gold as the honest alternative and a key signal of systemic problems:

• • The U.S. hasn't transparently audited its gold reserves (e.g., Fort Knox) in nearly a century, raising suspicions about whether they're fully there or intact.

     

• • Gold's rising price indicates underlying issues: "The price of gold… is telling you there's problems out there… the handwriting is on the wall. This is not going to continue." Manipulation can delay recognition, but the signal persists.

     

• • Gold will reclaim its historic role as sound money: "Gold will be seen as an alternative to paper money as it returns to its historic role as money."

The passage of time has vindicated Ron Paul.  His warnings from decades ago about fiat-driven decline are now reality.  Still, as ever, Ron looks for reasons to be optimistic.  The corrupt system's collapse creates space for liberty, sound money, and voluntary cooperation to emerge.