Comments on: Ron Paul on Gold and Sound Money http://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/ Ron Paul is America's leading voice for limited, constitutional government, low taxes, free markets, sound money, and a pro-American foreign policy. Fri, 10 Feb 2012 00:21:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tom Bhttp://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-301694 Tom B Wed, 13 Jul 2011 16:32:47 +0000 http://www.ronpaul.com/?p=180#comment-301694 I would agree that we need "sound money". But I would think that to have a money system backed up by gold alone would be a great mistake. One commodity such as gold can (and probably IS) be cornered and thus monies that are backed by it would be manipulated by the very same banksters that now manipulate nations into wars and steal the world's wealth to the end that all humanity may be their slaves. I would think that two precious metals for coinage, an interest free government / treasury note, and a banking system based on SUBSTANTIAL reserves of both coinage and currency would work for lasting monetary stability. HELL YES!! Get rid of the dammed FED! AND their collection agency the IRS ! Yes, use gold, but remember that gold is scarce. So back that up with silver... they'll have a harder time cornering that one. And restore the 'faith & good credit' of our currency with 'red-seal' United States Notes'. End fractional reserve banking. And what should be done with the 'bankster/criminals? FEED them the 'green seal' notes that they love to print! Let them eat of their own fruit! I would agree that we need “sound money”. But I would think that to have a money system backed up by gold alone would be a great mistake. One commodity such as gold can (and probably IS) be cornered and thus monies that are backed by it would be manipulated by the very same banksters that now manipulate nations into wars and steal the world’s wealth to the end that all humanity may be their slaves. I would think that two precious metals for coinage, an interest free government / treasury note, and a banking system based on SUBSTANTIAL reserves of both coinage and currency would work for lasting monetary stability.
HELL YES!! Get rid of the dammed FED! AND their collection agency the IRS !
Yes, use gold, but remember that gold is scarce. So back that up with silver… they’ll have a harder time cornering that one. And restore the ‘faith & good credit’ of our currency with ‘red-seal’ United States Notes’. End fractional reserve banking.
And what should be done with the ‘bankster/criminals? FEED them the ‘green seal’ notes that they love to print! Let them eat of their own fruit!

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]]> By: Roger Brewitthttp://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-43793 Roger Brewitt Tue, 06 Oct 2009 22:47:47 +0000 http://www.ronpaul.com/?p=180#comment-43793 All great theory. However the most important issue is not reserves. The important issue is to restore intrinsic value into a currency(a medium of exchange). You can't make coinage out of a biscuit! You make coinage out of gold and silver because it is readily acceptable by all. These coins can be assayed. They are durable. They are portable and relatively high amounts of wealth can be stored in a relatively small number of coins. Whatever corrupt practices or political/economic catastrophe's occur the coins in your pocket have value if made from precious metal, even if governments/banks fail and anarchy prevails. The lack of intrinsic value in currency protects the status quo of modern government. Where there is no intrinsic value in money, it is really only worth what a government wants it to be worth and (in trade)what other governments are willing to accept it is worth. If perceived value falls then inflation occurs. In the last transaction theory stated elsewhere, if all the last man in a chain of transactions has is gold, it is pointed out that he can't eat it. What he can do is buy an army and capture what is needed in the way of food, shelter etc. and sell surplus for more gold and so on. Economics is not science it is philosophy and the sooner everyone remembers that, the better off we'll all be. All great theory. However the most important issue is not reserves.
The important issue is to restore intrinsic value into a currency(a medium of exchange). You can’t make coinage out of a biscuit! You make coinage out of gold and silver because it is readily acceptable by all. These coins can be assayed. They are durable. They are portable and relatively high amounts of wealth can be stored in a relatively small number of coins. Whatever corrupt practices or political/economic catastrophe’s occur the coins in your pocket have value if made from precious metal, even if governments/banks fail and anarchy prevails. The lack of intrinsic value in currency protects the status quo of modern government. Where there is no intrinsic value in money, it is really only worth what a government wants it to be worth and (in trade)what other governments are willing to accept it is worth. If perceived value falls then inflation occurs. In the last transaction theory stated elsewhere, if all the last man in a chain of transactions has is gold, it is pointed out that he can’t eat it. What he can do is buy an army and capture what is needed in the way of food, shelter etc. and sell surplus for more gold and so on. Economics is not science it is philosophy and the sooner everyone remembers that, the better off we’ll all be.

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]]> By: JuggerGrimrodhttp://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-43575 JuggerGrimrod Mon, 05 Oct 2009 15:50:38 +0000 http://www.ronpaul.com/?p=180#comment-43575 Check this website outwww.monetary.orgCheers! Check this website out

http://www.monetary.org

Cheers!

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]]> By: eGold – Real Wealth » Blog Archive » How eGold came into beinghttp://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-33734 eGold – Real Wealth » Blog Archive » How eGold came into being Sat, 22 Aug 2009 15:21:28 +0000 http://www.ronpaul.com/?p=180#comment-33734 [...] seeking to “topple the dollar” were at play in the 1896 too! Even today, senator Ron Paul’s movement, and the Austrian School in europe, are torch bearers of the gold based model, and we too [...] [...] seeking to “topple the dollar” were at play in the 1896 too! Even today, senator Ron Paul’s movement, and the Austrian School in europe, are torch bearers of the gold based model, and we too [...]

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]]> By: No More Regulation! « Freethinkerhttp://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-31845 No More Regulation! « Freethinker Fri, 14 Aug 2009 04:21:52 +0000 http://www.ronpaul.com/?p=180#comment-31845 [...] more prudently. They would have to; the disciplines of a free and competitive market combined with a sound currency encourages this. Currently, with our semi-fascist mix of government and private industry, we see [...] [...] more prudently. They would have to; the disciplines of a free and competitive market combined with a sound currency encourages this. Currently, with our semi-fascist mix of government and private industry, we see [...]

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]]> By: (d)N0t » Blog Archive » Dream Not Of Today – More regulation is not the answer by Robert Taylorhttp://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-31844 (d)N0t » Blog Archive » Dream Not Of Today – More regulation is not the answer by Robert Taylor Fri, 14 Aug 2009 04:20:44 +0000 http://www.ronpaul.com/?p=180#comment-31844 [...] more prudently. They would have to; the disciplines of a free and competitive market combined with a sound currency encourages this. Currently, with our semi-fascist mix of government and private industry, we see [...] [...] more prudently. They would have to; the disciplines of a free and competitive market combined with a sound currency encourages this. Currently, with our semi-fascist mix of government and private industry, we see [...]

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]]> By: Is the gold standard “Mission: Impossible”? « JohnSeilerBlogs.comhttp://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-25596 Is the gold standard “Mission: Impossible”? « JohnSeilerBlogs.com Tue, 14 Jul 2009 17:57:20 +0000 http://www.ronpaul.com/?p=180#comment-25596 [...] Republicans refuse to heed the sage advice of Ron Paul on returning to the gold [...] [...] Republicans refuse to heed the sage advice of Ron Paul on returning to the gold [...]

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]]> By: Lee W.http://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-7439 Lee W. Mon, 13 Oct 2008 06:27:35 +0000 http://www.ronpaul.com/?p=180#comment-7439 Just an idea from a no buddy. Both John McCain And Obama were asked to submit proof of citizenship only McCain complied.Obama has been fighting turning in his birth records tooth and nail and its pretty obvious he has something to hide. A Democrat leader even filed a lawsuit to force him to submit these records and Obama is doing every thing to keep them hidden. What if a suit was filed in every state ? Obama would be forced to comply thus ending his candidacy leaving Ron Paul to fill the gap. Is this a dumb idea or is their no time left to try this. I honestly believe Obama is fighting this for a reason and it would kill his chances. I believe this is the most important election of my life time and the worst possible thing that could happen to our Country would be Obama im not all that found of McCain either but its such an up hill battle for Ron Paul and quite frankly im scared. Just an idea from a no buddy.
Both John McCain And Obama were asked to submit proof of citizenship
only McCain complied.Obama has been fighting turning in his birth records tooth and nail and its pretty obvious he has something to hide.
A Democrat leader even filed a lawsuit to force him to submit these records and Obama is doing every thing to keep them hidden.
What if a suit was filed in every state ?
Obama would be forced to comply thus ending his candidacy leaving Ron Paul to fill the gap. Is this a dumb idea or is their no time left to try this.
I honestly believe Obama is fighting this for a reason and it would kill his chances. I believe this is the most important election of my life time and the worst possible thing that could happen to our Country would be Obama im not all that found of McCain either but its such an up hill battle for Ron Paul and quite frankly im scared.

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]]> By: Jose Grimezhttp://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-6137 Jose Grimez Fri, 26 Sep 2008 19:03:01 +0000 http://www.ronpaul.com/?p=180#comment-6137 4th grade ecomomics state that "time is money".You borrow money and pay for the time that you have the loan...What poses as our government igonores this reality... The time factor of money Reviving our economy requires the printing of short money.This money would have to be spent within a time frame of 180 days. All welfare recipients,government employees,(excepting disabled vets) and government grants would be paid in short money.This method would stimulate the economy for those who labor in the private sector... (Government employees get a state or federal retirement, 401ks, SS.Colas;while private sector employee's pensions and benefits are adjudicated out of existance)... Banks would cull short money (red) from the system and return it to the Treasury.This would insure a pulse of money into the economic system, thereby stabilizing the money supply.Short money could not be sent offshore.Short money could not be wired.Foreign Aid would be in short money. All private payrolls would be paid in "long money," that is, money that does not expire...Foreign countries that have a trade imbalance with the US would have treasuries redeemed and money credited in proportion to the percentage of our trade imbalance.All naked short selling must be stopped. The FBI,SEC and State AGs must prosecute those who perpetrated the mortgage scam. Bamk officers, CEOs, those who schemed to legalize dishonesty must be prosecuted individually ,with restitution made...Brokerages and banks must be made separate.(Again)...I agree that gold is a hedge for prudent people but to expect a return to the gold standard would require the Treasury and every central bank in the world to stop increasing money supply.When the printing presses stop and ethics and fiscal morality return to law;then perhaps we can consider the gold standard. With the current "leadership" things in the US do not look good....The disco-posing politcal hacks crow about "running out of time", what that really means is running out of time..It happened to the old Soviet Union, it can happen here... 4th grade ecomomics state that “time is money”.You borrow money and pay for the time that you have the loan…What poses as our government igonores this reality… The time factor of money Reviving our economy requires the printing of short money.This money would have to be spent within a time frame of 180 days. All welfare recipients,government employees,(excepting disabled vets) and government grants would be paid in short money.This method would stimulate the economy for those who labor in the private sector… (Government employees get a state or federal retirement, 401ks, SS.Colas;while private sector employee’s pensions and benefits are adjudicated out of existance)… Banks would cull short money (red) from the system and return it to the Treasury.This would insure a pulse of money into the economic system, thereby stabilizing the money supply.Short money could not be sent offshore.Short money could not be wired.Foreign Aid would be in short money. All private payrolls would be paid in “long money,” that is, money that does not expire…Foreign countries that have a trade imbalance with the US would have treasuries redeemed and money credited in proportion to the percentage of our trade imbalance.All naked short selling must be stopped. The FBI,SEC and State AGs must prosecute those who perpetrated the mortgage scam. Bamk officers, CEOs, those who schemed to legalize dishonesty must be prosecuted individually ,with restitution made…Brokerages and banks must be made separate.(Again)…I agree that gold is a hedge for prudent people but to expect a return to the gold standard would require the Treasury and every central bank in the world to stop increasing money supply.When the printing presses stop and ethics and fiscal morality return to law;then perhaps we can consider the gold standard. With the current “leadership” things in the US do not look good….The disco-posing politcal hacks crow about “running out of time”, what that really means is running out of time..It happened to the old
Soviet Union, it can happen here…

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]]> By: LChttp://www.ronpaul.com/2008-09-16/ron-paul-on-gold-and-sound-money/comment-page-1/#comment-6093 LC Fri, 26 Sep 2008 03:57:49 +0000 http://www.ronpaul.com/?p=180#comment-6093 Sam Kennedy, you lay it out perfectly however, my prediction is a revolution in 2010 but hopefully sooner. A revolution that will claim back what you have described in detail. Unfortunately, I don't think congress today has the guts to put an end to the corruptness without a peoples revolution taking place first. It's been quoted many times before that "change takes place when the pain becomes more unbearable than the change itself" and I don't think the American people feel enough pain yet. Sam Kennedy, you lay it out perfectly however, my prediction is a revolution in 2010 but hopefully sooner. A revolution that will claim back what you have described in detail. Unfortunately, I don’t think congress today has the guts to put an end to the corruptness without a peoples revolution taking place first.
It’s been quoted many times before that “change takes place when the pain becomes more unbearable than the change itself” and I don’t think the American people feel enough pain yet.

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