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Ron Paul on the Fall of the US Dollar as Reserve Currency:

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Ron Paul, a former U.S. representative and member of the Libertarian Party, has addressed recent events directed to undermine the influence of the U.S. dollar as a reserve currency in international markets. Paul believes that even if this does happen, it will probably take more time than some predictions are saying.

Ron Paul Analyzes Fall of US Dollar Hegemony

In the latest edition of his online webcast "The Ron Paul Liberty Report," former United States representative Ron Paul analyzed the standing of the U.S. dollar as a reserve currency and how current events involving China, Russia, Brazil, and other countries are threatening this position.

Paul believes that if the U.S. dollar is eventually dethroned as a reserve currency, this will take more time than some predictions are currently announcing, according to the former congressman. On this, he stated:

"People have been talking about this for a long time, and it's amazing, it's always longer than some predictions. Somebody could have said in 1930 that the dollar standard is not going to last long with the Fed taking over. Predicting the exact time is very difficult."