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	<title>Comments on: It&#8217;s Time To Abolish The Fed And The SEC</title>
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	<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/</link>
	<description>Ron Paul is America's leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies. The Ron Paul Revolution continues.</description>
	<lastBuildDate>Sat, 07 Nov 2009 20:38:57 -0500</lastBuildDate>
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		<title>By: charles</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-36299</link>
		<dc:creator>charles</dc:creator>
		<pubDate>Tue, 01 Sep 2009 01:26:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-36299</guid>
		<description>Well I feel the Fed should be alive, but only when it comes to foreign policy. The income tax should either be replaced with national sales tax around 15% or a 30% tariff. Now personally I don&#039;t favor Paul as much as I like Chuck Baldwin, because I feel his stance on immigration is better than Paul&#039;s. Yet I never really will vote for Paul, because when it comes to foreign policy I don&#039;t really care for him there. On economic policy I agree with him 99% of the time, but still not enough for my vote.</description>
		<content:encoded><![CDATA[<p>Well I feel the Fed should be alive, but only when it comes to foreign policy. The income tax should either be replaced with national sales tax around 15% or a 30% tariff. Now personally I don&#8217;t favor Paul as much as I like Chuck Baldwin, because I feel his stance on <a href="http://www.ronpaul.com/on-the-issues/border-security/" >immigration</a> is better than Paul&#8217;s. Yet I never really will vote for Paul, because when it comes to foreign policy I don&#8217;t really care for him there. On economic policy I agree with him 99% of the time, but still not enough for my vote.</p>
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		<title>By: Thank God I&#8230;am an American!!! &#124; His Side &#124; Her Side</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-24724</link>
		<dc:creator>Thank God I&#8230;am an American!!! &#124; His Side &#124; Her Side</dc:creator>
		<pubDate>Sun, 05 Jul 2009 03:42:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-24724</guid>
		<description>[...] to do so, will. I believe those with disabilities should be given assistance. I believe the IRS and Federal Reserve should be [...]</description>
		<content:encoded><![CDATA[<p>[...] to do so, will. I believe those with disabilities should be given assistance. I believe the IRS and <a href="http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/" >Federal Reserve</a> should be [...]</p>
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		<title>By: FInallyYes</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-17891</link>
		<dc:creator>FInallyYes</dc:creator>
		<pubDate>Thu, 23 Apr 2009 11:48:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-17891</guid>
		<description>&quot;Do we have to end fractional reserve banking at the same time?&quot;


Absolutely, and then we have to prosecute those who started it and end the torutre, secret renditions, AIPAC/Egypt Lobbies and the rest which was caused by the Federal Reserve.


Then we can tear apart nine eleven like a fresh wound. Get rid of the Federal Fractional Reserve &lt;b&gt;scam of crime and evil&lt;/b&gt; and give us back sound money.</description>
		<content:encoded><![CDATA[<p>&#8220;Do we have to end fractional reserve banking at the same time?&#8221;</p>
<p>Absolutely, and then we have to prosecute those who started it and end the torutre, secret renditions, AIPAC/Egypt Lobbies and the rest which was caused by the <a href="http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/" >Federal Reserve</a>.</p>
<p>Then we can tear apart nine eleven like a fresh wound. Get rid of the Federal Fractional Reserve <b>scam of crime and evil</b> and give us back sound money.</p>
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		<title>By: phosphene</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-17881</link>
		<dc:creator>phosphene</dc:creator>
		<pubDate>Thu, 23 Apr 2009 06:01:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-17881</guid>
		<description>If we end the Fed and print our own money, how do we make sure the new printers don&#039;t cause the same kind of inflation?

Do we have to end fractional reserve banking at the same time?

Is there actually any gold in fort knox to back our own paper money?</description>
		<content:encoded><![CDATA[<p>If we <a href="http://www.ronpaul.com/buy-end-the-fed.php" >end the Fed</a> and print our own money, how do we make sure the new printers don&#8217;t cause the same kind of <a href="http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve/" >inflation</a>?</p>
<p>Do we have to end fractional reserve banking at the same time?</p>
<p>Is there actually any <a href="http://www.ronpaul.com/misc/gold-price-chart/" >gold</a> in fort knox to back our own paper money?</p>
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		<title>By: Robert</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-17730</link>
		<dc:creator>Robert</dc:creator>
		<pubDate>Sun, 19 Apr 2009 23:07:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-17730</guid>
		<description>americans are ASLEEP

wake up  for gods sake     wake up

henrymakow.com

infowars.com

goodnewsaboutgod.com


AMERICA IS GOING TO BE IN THE WORST DEPRESSION ITS  EVER KNOWN

MY GOD       even JIM Rogers says      get rid of the federal reserve  fractional banking system
and he packed his family up and MOVED TO CHINA</description>
		<content:encoded><![CDATA[<p>americans are ASLEEP</p>
<p>wake up  for gods sake     wake up</p>
<p>henrymakow.com</p>
<p>infowars.com</p>
<p>goodnewsaboutgod.com</p>
<p>AMERICA IS GOING TO BE IN THE WORST DEPRESSION ITS  EVER KNOWN</p>
<p>MY GOD       even JIM Rogers says      get rid of the <a href="http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/" >federal reserve</a>  fractional banking system<br />
and he packed his family up and MOVED TO CHINA</p>
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		<title>By: EDWARD NUTTALL</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-16794</link>
		<dc:creator>EDWARD NUTTALL</dc:creator>
		<pubDate>Sat, 04 Apr 2009 23:02:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-16794</guid>
		<description>SAME CIRCUS, DIFFERENT CLOWNS. POLITICIANS COME AND GO, WE NEED TO REFORM THE SYSTEM IN ORDER TO MAKE LASTING IMPROVEMENTS!!!!!!!!!!!!!!!!!!!!!!!!

-TYPICAL CAREER POLITICIANS VOTE IN FAVOR OF THEIR OWN CAREER AT THE EXPENSE OF THE PEOPLE THEREFORE WE MUST REQUIRE TERM LIMITS FOR ALL ELECTED OFFICES. THE U.S. CONGRESS BY ITS VERY NATURE IS A CLASS OF PEOPLE WITH PRIVILEGE AND POWER.  THAT, I AM CONVINCED, IS AT THE HEART OF OUR PROBLEM. IF ALLOWED, CONGRESSMEN AND SENATORS WILL ALWAYS VOTE TO PERPETUATE THEIR OWN CAREER OF PRIVILEGE. THEY DO IT BY BRIBING THEIR COUNTRYMAN USING OUR TAX DOLLARS TO DO IT( i.e., EAR MARKS, SPECIAL INTEREST PORK BARREL SPENDING, CHARITY ENTITLEMENTS). MANDATORY CONGRESSIONAL TERM LIMITS WILL ALSO HELP TO STYMIE THE LOBBYISTS.</description>
		<content:encoded><![CDATA[<p>SAME CIRCUS, DIFFERENT CLOWNS. POLITICIANS COME AND GO, WE NEED TO REFORM THE SYSTEM IN ORDER TO MAKE LASTING IMPROVEMENTS!!!!!!!!!!!!!!!!!!!!!!!!</p>
<p>-TYPICAL CAREER POLITICIANS VOTE IN FAVOR OF THEIR OWN CAREER AT THE EXPENSE OF THE PEOPLE THEREFORE WE MUST REQUIRE TERM LIMITS FOR ALL ELECTED OFFICES. THE U.S. CONGRESS BY ITS VERY NATURE IS A CLASS OF PEOPLE WITH PRIVILEGE AND POWER.  THAT, I AM CONVINCED, IS AT THE HEART OF OUR PROBLEM. IF ALLOWED, CONGRESSMEN AND SENATORS WILL ALWAYS VOTE TO PERPETUATE THEIR OWN CAREER OF PRIVILEGE. THEY DO IT BY BRIBING THEIR COUNTRYMAN USING OUR TAX DOLLARS TO DO IT( i.e., EAR MARKS, SPECIAL INTEREST PORK BARREL SPENDING, CHARITY ENTITLEMENTS). MANDATORY CONGRESSIONAL TERM LIMITS WILL ALSO HELP TO STYMIE THE LOBBYISTS.</p>
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		<title>By: Earl Grey</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-13822</link>
		<dc:creator>Earl Grey</dc:creator>
		<pubDate>Mon, 16 Feb 2009 01:37:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-13822</guid>
		<description>Nail on the head, Dixon. 

     RP is not talking about a gold standard, he&#039;s referring to the Fractional Reserve Policies of the FED, and the fact that inflation is a constant as long as the US money supply is loaned to us at interest. This is clearly outlined in the book &quot;Web of Debt&quot; and movie &quot;Zeitgeist: Addendum&quot;. The FED is a non-private, non-government &quot;entity&quot; which propagates the deflation of the value of our currency, regardless of the inflation of productivity.  Under a government-controlled money system outlined by Stephen Zerlanga&#039;s American Monetary Act (http://www.monetary.org/American_Monetary_Act_version_10_feb_06.htm) the money (and therefore inflation) would be controlled by an ACTUAL government agency, subject to transparency under the freedom of information act. This worked before the FED, it would have worked with Lincoln&#039;s Greenbacks, and it will at least improve, if not completely restore, our economy right now.  However, another interesting theory is Jacque Fresco&#039;s &quot;Resource Based Global Economy&quot;  
     It is my belief that with the intelligent management of all of the Earth&#039;s resources, and the removal of money and any monetary system, is mandatory in order to succeed as a global human race, at the rate of population expansion, technological innovation, and rapid degradation of the environment in the last century. It is hard for me to imagine a world absent of money, trade, or barter, but the more I research the concept, the more logical and alluring it seems.  Find out for yourself. www.thevenusproject.com</description>
		<content:encoded><![CDATA[<p>Nail on the head, Dixon. </p>
<p>     RP is not talking about a <a href="http://www.ronpaul.com/misc/gold-price-chart/" >gold</a> standard, he&#8217;s referring to the Fractional Reserve Policies of the FED, and the fact that <a href="http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve/" >inflation</a> is a constant as long as the US money supply is loaned to us at interest. This is clearly outlined in the book &#8220;Web of Debt&#8221; and movie &#8220;Zeitgeist: Addendum&#8221;. The FED is a non-private, non-government &#8220;entity&#8221; which propagates the deflation of the value of our currency, regardless of the <a href="http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve/" >inflation</a> of productivity.  Under a government-controlled money system outlined by Stephen Zerlanga&#8217;s American Monetary Act (<a href="http://www.monetary.org/American_Monetary_Act_version_10_feb_06.htm" rel="nofollow">http://www.monetary.org/American_Monetary_Act_version_10_feb_06.htm</a>) the money (and therefore <a href="http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve/" >inflation</a>) would be controlled by an ACTUAL government agency, subject to transparency under the freedom of information act. This worked before the FED, it would have worked with Lincoln&#8217;s Greenbacks, and it will at least improve, if not completely restore, our economy right now.  However, another interesting theory is Jacque Fresco&#8217;s &#8220;Resource Based Global Economy&#8221;<br />
     It is my belief that with the intelligent management of all of the Earth&#8217;s resources, and the removal of money and any monetary system, is mandatory in order to succeed as a global human race, at the rate of population expansion, technological innovation, and rapid degradation of the environment in the last century. It is hard for me to imagine a world absent of money, trade, or barter, but the more I research the concept, the more logical and alluring it seems.  Find out for yourself. <a href="http://www.thevenusproject.com" rel="nofollow">http://www.thevenusproject.com</a></p>
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		<title>By: Dick Dixon</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-13023</link>
		<dc:creator>Dick Dixon</dc:creator>
		<pubDate>Mon, 02 Feb 2009 19:21:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-13023</guid>
		<description>Matthew Stone, Sean, jacob frankerton... and i might have missed other scumbags, that are &quot;participating&quot; in this discussion with only one purpose...

to spam this place with loads of garbage, and to deviate from the main idea being discussed, which is to ABOLISH THE FEDERAL RESERVE SCAM and re-establish American Freedom again.

It is UNCONSTSITUTIONAL and ILLEGAL, and discussion about what we should have instead or will there be enough gold is irrelevant.

United States existed and prospered 140 years before the federal reserve leeched on and started robbing the Americans.


D. Dixon</description>
		<content:encoded><![CDATA[<p>Matthew Stone, Sean, jacob frankerton&#8230; and i might have missed other scumbags, that are &#8220;participating&#8221; in this discussion with only one purpose&#8230;</p>
<p>to spam this place with loads of garbage, and to deviate from the main idea being discussed, which is to ABOLISH THE <a href="http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/" >FEDERAL RESERVE</a> SCAM and re-establish American Freedom again.</p>
<p>It is UNCONSTSITUTIONAL and ILLEGAL, and discussion about what we should have instead or will there be enough <a href="http://www.ronpaul.com/misc/gold-price-chart/" >gold</a> is irrelevant.</p>
<p>United States existed and prospered 140 years before the <a href="http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/" >federal reserve</a> leeched on and started robbing the Americans.</p>
<p>D. Dixon</p>
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		<title>By: jacob frankerton</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-12710</link>
		<dc:creator>jacob frankerton</dc:creator>
		<pubDate>Tue, 27 Jan 2009 00:23:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-12710</guid>
		<description>Dave, 

None of that matters. The pricing structures can change to accommodate the growth of the economy. As long as a loss of purchasing power doesn&#039;t occur the deflationary pricing structure change wouldn&#039;t truly be deflationary. 

Do you understand? If I am wrong on this, please walk me through it.</description>
		<content:encoded><![CDATA[<p>Dave, </p>
<p>None of that matters. The pricing structures can change to accommodate the growth of the economy. As long as a loss of purchasing power doesn&#8217;t occur the deflationary pricing structure change wouldn&#8217;t truly be deflationary. </p>
<p>Do you understand? If I am wrong on this, please walk me through it.</p>
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		<title>By: Dave</title>
		<link>http://www.ronpaul.com/2009-01-06/its-time-to-abolish-the-fed-and-the-sec/comment-page-1/#comment-12689</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Mon, 26 Jan 2009 17:46:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.ronpaul.com/?p=750#comment-12689</guid>
		<description>Great article on what I am talking about in terms of gold production to worldwide availablility and production. The total amount of gold available to be mined and added to the current numbers is 19% over the course of 25 years. Key quote is: http://www.zealllc.com/2007/goldprod.htm 
&quot;Interestingly, according the USGS, global reserves in 1980 were estimated at 1.13 billion ounces.  As of the end of 2005, global reserves were estimated at 1.35 billion ounces.  So in 25 years global reserves have grown by about 19%.&quot;

Interesting opinion article on the change of the dollar from gold to float point. http://2ndlook.wordpress.com/2008/01/21/gold-production-the-world-financial-system/

&quot;In 1971 (August 15th), the world got the Nixon Chop - where even Governments could not redeem dollar holdings. The dollar was put on float. In little time, dollar value depreciated from US$35 per ounce of gold to US$225 per ounce - 80% reduction in value of dollar value.&quot;


There are my quotes for my current opinion. If you search on Google for gold production current reserves mined, you will find numerous sites with the same exact information all from investing companies.

The ability to find, mine and put into circulation gold that is currently unknown is very, very small. As is the situation with oil, it is getting increasingly more expensive to mine gold out of the reserves. 

And as I said before basing your currency on Gold means you are equating your currency to a certain volume of gold. In cases where there is no more gold supply, then you simply change the volume of the gold that can be traded, which inherently inflates your currency. That is the key of gold, you cannot arbitrarily change your currency to a new value, it is always specifically tied to a commodity, and that commodity is specifically quantifable amount.</description>
		<content:encoded><![CDATA[<p>Great article on what I am talking about in terms of <a href="http://www.ronpaul.com/misc/gold-price-chart/" >gold</a> production to worldwide availablility and production. The total amount of <a href="http://www.ronpaul.com/misc/gold-price-chart/" >gold</a> available to be mined and added to the current numbers is 19% over the course of 25 years. Key quote is: <a href="http://www.zealllc.com/2007/goldprod.htm" rel="nofollow">http://www.zealllc.com/2007/goldprod.htm</a><br />
&#8220;Interestingly, according the USGS, global reserves in 1980 were estimated at 1.13 billion ounces.  As of the end of 2005, global reserves were estimated at 1.35 billion ounces.  So in 25 years global reserves have grown by about 19%.&#8221;</p>
<p>Interesting opinion article on the change of the dollar from <a href="http://www.ronpaul.com/misc/gold-price-chart/" >gold</a> to float point. <a href="http://2ndlook.wordpress.com/2008/01/21/gold-production-the-world-financial-system/" rel="nofollow">http://2ndlook.wordpress.com/2008/01/21/gold-production-the-world-financial-system/</a></p>
<p>&#8220;In 1971 (August 15th), the world got the Nixon Chop &#8211; where even Governments could not redeem dollar holdings. The dollar was put on float. In little time, dollar value depreciated from US$35 per ounce of gold to US$225 per ounce &#8211; 80% reduction in value of dollar value.&#8221;</p>
<p>There are my quotes for my current opinion. If you search on Google for gold production current reserves mined, you will find numerous sites with the same exact information all from investing companies.</p>
<p>The ability to find, mine and put into circulation gold that is currently unknown is very, very small. As is the situation with oil, it is getting increasingly more expensive to mine gold out of the reserves. </p>
<p>And as I said before basing your currency on Gold means you are equating your currency to a certain volume of gold. In cases where there is no more gold supply, then you simply change the volume of the gold that can be traded, which inherently inflates your currency. That is the key of gold, you cannot arbitrarily change your currency to a new value, it is always specifically tied to a commodity, and that commodity is specifically quantifable amount.</p>
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