Ask Terry Questions Ron Paul and the Economic collaspe

Ron Paul and the Economic collaspe

By Terry Savage on August 06, 2015 | Financial Planning / Retirement

Is Ron Paul’s warning something I should be worried about? Most of my savings is in 403b and various savings accounts. If it is a possible real crisis should I respond favorably to his offers?

Terry Says:  I don’t know what Ron Paul is “offering” besides a message of gloom.  But he has a point:  At some time in the future the US will have to make good on all its promises to recipients of Social Security, Medicare, govt pensions, etc etc, not to mention interest on the national debt.  At that point the dollar will certainly not be the world’s strongest currency!  But we have no idea when that crisis will come, so just keep saving and investing for your retirement.

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