Fed to Blame for Gold Surge, Currency Woes: Ron Paul

Fed to Blame for Gold Surge, Currency Woes: Ron Paul

The Federal Reserve’s practice of indiscriminately printing money is the chief culprit that has led to the surge in gold and demise of the euro, Rep. Ron Paul (R-Texas) told CNBC Monday.

As gold hits a succession of all-time highs and the euro struggles for mere survival, Paul said debt overloads at the base of the recent currency trends can be traced directly to the US central bank.

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