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Ron Paul Predicts Hyper-Inflation, Says “Dollar Will Be Rejected As Reserve Currency of The World.”

Amid speculation of a third bid for the Presidency, Congressman Ron Paul revealed that growing concerns over U.S. monetary policies would drive him into the race. In a no-holds-barred interview on KSCO AM 1080 with the host of The Costa Report, Rebecca Costa, Paul said, “I think the wave of the future is inflation. It’s just beginning – to the point that the dollar will be rejected as the reserve currency of the world. If there’s a panic out of the dollar you will see the destruction of the dollar rather quickly. The end stages of a currency comes quickly.” He continued,

“We’ve seen this in Zimbabwe, Mexico and Central America. Today there’s an illusion and false trust in our money.”

According to Paul the reason for rising prices is the U.S. government’s own monetary policy, “Inflation comes from the Federal Reserve printing money.” He added, “The price of education is high because of inflation, medical care is the same thing – all of this injection of money (from the Federal Reserve) raises prices.” When asked about the relationship between wage inflation and recent limitations on collective bargaining for state workers in Wisconsin, Paul responded, “When wages are artificially high, it distorts things – it’s unpopular to lower wages, so we just inflate (them), and the REAL wage goes down. Sure, we don’t cut the wage, but it buys so little.”

The outspoken Congressman offers a simple antidote to hyperinflation. “Stop printing money.” He continues, “I remember in the seventies when we got off the gold standard and immediately had oil embargos. We said the Arabs caused our inflation. They contributed to the chaos, but they didn’t cause the inflation. Oil never went back to $5 a barrel once it broke out because the value of the dollar went down. So if anybody is concerned about high prices they need to understand monetary policy.” There has been widespread speculation about Ron Paul’s candidacy in the upcoming 2012 Presidential election. When asked by The Costa Report whether Paul was considering throwing his hat in the ring again Paul remarked, “I’ve often said over the last couple of years that if people are starting to recognize that the monetary system is deeply flawed, then I would have trouble not participating in a debate and campaign.“

The full interview is available at www.rebeccacosta.com , KSCO.com and iTunes.

About Ron Paul

Congressman Ron Paul of Texas was a two-time candidate for President of the United States. He enjoys a national reputation as the premier advocate for liberty in politics today. Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currency. He is known among his colleagues in Congress and constituents for his consistent voting record in the House of Representatives: Dr. Paul never votes for legislation unless the proposed measure is expressly authorized by the Constitution. In the words of former Treasury Secretary William Simon, Dr. Paul is the "one exception to the Gang of 535" on Capitol Hill.

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Author of The Watchman’s Rattle Partners With KSCO to Syndicate Popular Radio Program

The author of The Watchman’s Rattle: Thinking Our Way Out of Extinction, Rebecca Costa, will be hosting The Costa Report – one of the fastest growing talk shows in California – on two heritage radio stations beginning

March 11, 2011.

In 2010, the author agreed to produce a one-hour, weekly program called “Rattler Radio” on KNRY AM 1040 for four weeks. But following just two programs, advertising was sold out and requests to re-broadcast the program began flowing into the station. “We haven’t experienced anything like this for a long time,” commented station manager, Jim Vossen. “My guess is people are getting tired of the bullies who have taken over talk radio.”

Station owner of KSCO 1080 AM, Michael Zwerling agrees. “Suddenly, we had loyal listeners writing in to tell us they were switching over to KNRY on Friday afternoons. So we had to take a look. I’ve been in radio for thirty years and while nobody can tell you exactly what the ‘it’ factor is – she’s got it. Listeners love her enough to tune in every week.”

Beginning March 11, 2011, what began as Rattler Radio will be renamed The Costa Report. The program will broadcast on both KNRY 1240 AM and KSCO 1080 AM - allowing it to reach almost half of the state of California. In addition, Costa is in discussions with two NPR affiliates which are interested in airing the program beginning in April.

This would make The Costa Report the first real “cross-over” program between commercial AM talk radio and NPR.

How does Costa feel about becoming the new face of talk radio? “I have to admit, I never thought the book would lead to a syndicated radio show,” she said. “The truth is, I stopped listening to talk radio a long time ago – once rage-aholics began grabbing ratings and everyone jumped on that bandwagon, I turned my radio off. But maybe we can bring people like me back by mixing high-level NPR content with AM talk entertainment.”

Michael Zwerling of KSCO has agreed to manage the national syndication of The Costa Report with an immediate expansion in Seattle, Phoenix, Albuquerque, Denver and Las Vegas in mind. In addition to the first hour of “listen” radio where Costa provides a 10-minute commentary on the week’s top news story and in-depth interview with a world expert, the new format allows for a second hour for listeners to call into the program. Zwerling – long recognized as a pioneer in the radio industry – also plans on adding a third hour, called The After Show where Costa and colleagues will webcast a no- holdsbarred discussion in the KSCO “green room.” The After Show will only be available via the internet.

About Rebecca D. Costa

Rebecca Costa is a sociobiologist who offers a genetic explanation for current events, emerging trends and individual behavior. A thought-leader and provocative new voice in the mold of Thomas Friedman, Malcolm Gladwell and Jared Diamond, Costa examines “the big picture”– tracing everything from terrorism, crime on Wall Street, epidemic obesity and upheaval in the Middle East to evolutionary forces. Retiring at the zenith of her executive career in Silicon Valley, Costa spent six years researching and writing The Watchman’s Rattle: Thinking Our Way Out of Extinction. The success of Costa’s book led to a weekly radio program in 2010 called Rattler Radio. In 2011 the program was renamed and syndicated as The Costa Report. A former CEO and founder of one of the largest marketing firms in Silicon Valley (sold in 1997 to J. Walter Thompson), Costa developed an extensive track record of introducing new technologies. Her clients included industry giants such as Hewlett-Packard, Apple Computer, Oracle Corporation, Seibel Systems, 3M, Amdahl, and General Electric Corporation.

About KSCO

KSCO has served the Central Coast of California since 1947 and remains one of the last independently owned and operated radio stations in the United States. The station broadcasts the top names in syndication as well as over 87 hours-per-week of locally originated newstalk which is syndicated to 100 radio stations throughout the country. In the early 1950’s, due to its signal strength, KSCO was selected as the Emergency Broadcast System station for Central California.

About KNRY

Operating since 1935, KNRY is the oldest radio station on the Central Coast of California. The station is located on historic Cannery Row in Monterey. KNRY is widely viewed as a “Community Radio” station offering a mix of syndicated and locally produced talk and music programming including The Monterey Bay Morning Show, The Dr. Laura Show, The Ray Lucia Show, The Dennis Prager Show, The Ray Lucia Show and programs from the Business Talk Radio Network.

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Ron Paul

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As a two-time candidate for President of the United States, and ten-term member of the U.S. House of Representatives, Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currency. He is the author of several best-selling books, and his new release, Liberty Defined, comes out on April 19, 2011.

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