Analyst's note:  Absolutely must read.  We hope you've been preparing ..... stand by for heavy seas and rolls.

Rep. Ron Paul, R-Texas

"Acting as a "central economic planner," the Federal Reserve is moving the U.S. economy from one market bubble to another, and the next one will be a disaster, Rep. Ron Paul, R-Texas, told Michael Savage on the "Savage Nation" national radio show.

After the collapse of the tech, housing and financial bubbles, Paul said, the "dollar bubble" will be next.

"That's going to be the big one," the Texas congressman said on the heels of yesterday's worldwide market plummet, which saw the Dow lose more than 500 points.

In response to the market bloodbath, Paul noted, investors are pouring money into treasury bills and dollars, "but that is a bubble, too."

"When the panic comes, and they leave the dollar and go into real assets, that's when the whole world knows that a new monetary system is on the horizon, because this one will not last," Paul warned.

Days like yesterday, he said, "are warning signs that that big crash is coming for the dollar."

Paul emphasized that along with Congress balancing the budget and stopping spending, the U.S. needs a new monetary system.

"The system is built on a monetary system where the Fed creates money out of thin air," he said. "You have to stop doing that, because that is what caused the deficits to pile on and the financial bubble."

[....] "The people were screaming, 'Balance the budget, cut spending, cut benefits.' No, he said the opposite," Savage told his listeners. "'Not only will we not cut spending, not only will we not cut benefits, but we're going to increase spending. We're going to raise the debt limit.