The former Congressman Ron Paul and of the most influential libertarian thinkers of our times urges US Internal Revenue Service (IRS) drop any regulations that stipulates charging taxes on crypto related business. He follows steps of Kim Dotcom, the founder of Megaupload site, who warns about coming financial turmoil in the world: “Many economists agree. The US economy and US dollar will collapse under the enormous US debt burden. The pyramid game is coming to an end. Crypto and precious metals will go up when everything else falls. I think it’s going to happen in the next 2 years.”
He also made clarifications that the average total debt per family in the US is now at 845000 USD. The average unfunded liability in the US is now at 938000 USD per taxpayer. He is adamant that “anyone who thinks US debt can be solved with economic growth, new debt or printing more dollars is an idiot. US Empire will default.”
He summarized that “Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash. The big crash is coming 100%.”
Ron Paul has just reinforced Kim Dotkom’s statements. Paul warns that higher interest rate US FRS is going to implement will impact devastatingly on confidence into US dollar. This “irresponsible” policy of the regulator that try fixing self created problem of trillions of unfunded US dollars emitted as an aftermath of 2008 world financial crisis just cast the world into worse conditions. EX US Senator believes that the only means that may mitigate the negative effects of coming crisis are gold and cryptocurrenciea and IRS shouldn’t create hurdles for crypto world development.