"I am utterly amazed at how the Federal Reserve can play havoc with the market," Ron Paul exclaimed on CNBC's "Futures Now" referring to Thursday's surge in stocks, warnings that he sees it as "being very unstable." As Paul rages, "the fallacy of economic planning" has created such a "horrendous bubble" in the bond market that it's only a matter of time before the bottom falls out. And when it does, it will lead to "stock market chaos."

While pinpointing a time for the inevitable endgame is impossible, Paul warns "after 35 years of a gigantic bull market in bonds, [the Fed] cannot reverse history and they cannot print money forever," and there "will be a day of reckoning" that will lead to a collapse in both the fixed income and equity markets.