Once again, Ron Paul accurately predicted the fall of major financial institutions.

Unlike Barack Obama and McCain, Ron Paul’s main advisor is the U.S. Constitution. He looks at the history of the FIAT monetary systems and what the founding fathers said about such as system.

“I place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt.”

Thomas Jefferson, third US president, architect and author (1743-1826)

If Ron Paul has all the answers, why isn’t America listening? Do they not care? Are they too stupid? I believe it is behavior. Behavior is a hard thing to change. We want things NOW so we (most Americans & the government) use credit, debt loans and confidence. Our entire economy is now based on confidence. I don’t believe it will ever go back to only real assets (as Ron Paul’s solution suggests). Our system will be mostly tied to the confidence and credit of real assets.

More predictions by Ron Paul: