Comments on: Ron Paul Outlines The Path To Recovery http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/ 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. Sat, 21 Nov 2009 06:35:36 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: longshotlouie http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-13022 longshotlouie Mon, 02 Feb 2009 17:14:04 +0000 http://www.ronpaul.com/?p=861#comment-13022 'There is nothing so stupid as the educated man, if you get him off the thing he was educated in.' - Will Rogers ‘There is nothing so stupid as the educated man, if you get him off the thing he was educated in.’

- Will Rogers

]]> By: Sue http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-12954 Sue Sat, 31 Jan 2009 23:57:16 +0000 http://www.ronpaul.com/?p=861#comment-12954 The only man I would trust to lead the Nation right now is Ron Paul. The only man I would trust to lead the Nation right now is Ron Paul.

]]> By: Sean http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-12949 Sean Sat, 31 Jan 2009 23:00:58 +0000 http://www.ronpaul.com/?p=861#comment-12949 actually, some countries gold standard were abolished because it started wars from unfair trade actually, some countries gold standard were abolished because it started wars from unfair trade

]]> By: Kevin http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-12947 Kevin Sat, 31 Jan 2009 22:32:33 +0000 http://www.ronpaul.com/?p=861#comment-12947 Abolishing the Gold Standard 101? The Gold standard was abolished in each case so that our government could fund wars. They figured out that with the Gold Standard in place, they couldn't trick the public into thinking they had more money than they actually had. One of the reason America remained the largest economy in the world after WWII was due the dollar becoming the reserve currency of the world. The dollar became the reserve currency of the world due to us being the only nation left on the Gold Standard after WWII. Its due to this that we could simply ignore basic economic principals. Billion Dollar trade Deficits, largest dept of all nations, 0% savings rate. As long as the world had faith in the dollar, and they would except holding trillions of them in our dept. We could simply ignore basic economic principals and trade them dollars for things of real value. Now Americans have come to believe that the impossible is possible. Most believe that the laws of economics simply don't apply to us, ("Deficits don't matter" Dick Chaney)and they have credited our past success not to logical reason, but to emotional narcissism. Our day of reckoning is coming, sadly its simply a matter of when. The world will lose faith in the dollar. Abolishing the Gold Standard 101? The Gold standard was abolished in each case so that our government could fund wars. They figured out that with the Gold Standard in place, they couldn’t trick the public into thinking they had more money than they actually had. One of the reason America remained the largest economy in the world after WWII was due the dollar becoming the reserve currency of the world. The dollar became the reserve currency of the world due to us being the only nation left on the Gold Standard after WWII.

Its due to this that we could simply ignore basic economic principals. Billion Dollar trade Deficits, largest dept of all nations, 0% savings rate. As long as the world had faith in the dollar, and they would except holding trillions of them in our dept. We could simply ignore basic economic principals and trade them dollars for things of real value.

Now Americans have come to believe that the impossible is possible. Most believe that the laws of economics simply don’t apply to us, (”Deficits don’t matter” Dick Chaney)and they have credited our past success not to logical reason, but to emotional narcissism. Our day of reckoning is coming, sadly its simply a matter of when. The world will lose faith in the dollar.

]]> By: Nate http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-12882 Nate Fri, 30 Jan 2009 19:32:10 +0000 http://www.ronpaul.com/?p=861#comment-12882 If you endorse fractional reserve banking you pretty much have to endorse Central banking. Why? Because Central Banking is an inevitable consequence of a fractional reserve system. Moving on, endorsement of sound money and full reserve banking suggests I would take advantage of someone for a quick buck? Yet again your complete misunderstanding of money and economics causes you to get it exactly backwards. It is fiat money, fractional reserve (and by extension Central) banking that allow bankers/governments to rob the people under the pretense of caring for them. Credit to Thomas Jefferson. Sound money and banking practices produce the exact opposite. That is, they direct the greed of individuals (innovators, entrepreneurs, etc.) to the benefit of the people. Why? Because under such a system, production is valued above all else. Here we'll probably run into problems again since you (wrongly)think prodcution caused Japan's problems in the 90's but whatever. You speak of Rockefeller. The Rockefellers, Rothschilds, and Morgans of the world (past and present) would be absolutely terrified of sound money and full reserve banking. Their empire of avarice and deception would come crumbling down all around them. If you endorse fractional reserve banking you pretty much have to endorse Central banking. Why? Because Central Banking is an inevitable consequence of a fractional reserve system.

Moving on, endorsement of sound money and full reserve banking suggests I would take advantage of someone for a quick buck? Yet again your complete misunderstanding of money and economics causes you to get it exactly backwards. It is fiat money, fractional reserve (and by extension Central) banking that allow bankers/governments to rob the people under the pretense of caring for them. Credit to Thomas Jefferson.

Sound money and banking practices produce the exact opposite. That is, they direct the greed of individuals (innovators, entrepreneurs, etc.) to the benefit of the people. Why? Because under such a system, production is valued above all else. Here we’ll probably run into problems again since you (wrongly)think prodcution caused Japan’s problems in the 90’s but whatever.

You speak of Rockefeller. The Rockefellers, Rothschilds, and Morgans of the world (past and present) would be absolutely terrified of sound money and full reserve banking. Their empire of avarice and deception would come crumbling down all around them.

]]> By: Sean http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-12879 Sean Fri, 30 Jan 2009 17:28:13 +0000 http://www.ronpaul.com/?p=861#comment-12879 I'm not endorsing the central bank. I'm excusing their actions. I do believe in fractional reserve banking practices. If you watched the whole video. It exposed the evil of interest rates, not fiat money. THey actually described how to change the structure of fiat so it would work.. There is no sound money in the world in existence today, it is all fiat money, in every country.. money, gold, silver has no value. Its worthless, its a piece of shiny crap and paper. A home, a car, infrastructure is value. These are things we invest are hourly wages into, they have purpose. Money gets written into existence to pay for these things.. Money is just a means of exchange. You sound like the type who would take advantage of someone for a quick buck. If you were the son of a rockefeller, you would be just as or even more evil. You know greed is a deadly sin. I’m not endorsing the central bank. I’m excusing their actions. I do believe in fractional reserve banking practices. If you watched the whole video. It exposed the evil of interest rates, not fiat money. THey actually described how to change the structure of fiat so it would work.. There is no sound money in the world in existence today, it is all fiat money, in every country.. money, gold, silver has no value. Its worthless, its a piece of shiny crap and paper. A home, a car, infrastructure is value. These are things we invest are hourly wages into, they have purpose. Money gets written into existence to pay for these things.. Money is just a means of exchange. You sound like the type who would take advantage of someone for a quick buck. If you were the son of a rockefeller, you would be just as or even more evil. You know greed is a deadly sin.

]]> By: Nate http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-12859 Nate Fri, 30 Jan 2009 06:07:25 +0000 http://www.ronpaul.com/?p=861#comment-12859 Woah wait a minute here. You're trying to tell me that the well made and informative video "Money as Debt" supports your endorsement of fractional reserve and central banking? That video exposes the EVILS of fractional reserve banking. It shows how sound money (gold/silver) mutated into "money as debt" (fiat money) through the issue of bills of credit and fractional reserve banking. You have to watch it again and pay attention this time. I explained how sound money is brought into existence. You're talking about fiat money which isn't real money because, as I already pointed out, it doesn't satisfy the multiple functions of money. Why does it not? You guessed it, because of the inherently inflationary nature of fiat money. Woah wait a minute here. You’re trying to tell me that the well made and informative video “Money as Debt” supports your endorsement of fractional reserve and central banking? That video exposes the EVILS of fractional reserve banking. It shows how sound money (gold/silver) mutated into “money as debt” (fiat money) through the issue of bills of credit and fractional reserve banking. You have to watch it again and pay attention this time.

I explained how sound money is brought into existence. You’re talking about fiat money which isn’t real money because, as I already pointed out, it doesn’t satisfy the multiple functions of money. Why does it not? You guessed it, because of the inherently inflationary nature of fiat money.

]]> By: Sean http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-12844 Sean Thu, 29 Jan 2009 22:39:42 +0000 http://www.ronpaul.com/?p=861#comment-12844 banks create money thru loans.. was it that hard to type it out. You should watch this video. http://video.google.com/videoplay?docid=-9050474362583451279 banks create money thru loans.. was it that hard to type it out. You should watch this video.
http://video.google.com/videoplay?docid=-9050474362583451279

]]> By: Nate http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-12841 Nate Thu, 29 Jan 2009 20:35:28 +0000 http://www.ronpaul.com/?p=861#comment-12841 I already told you how money is made. I've done so twice and refuse to do it again. No doubt the brevity required on a message board is not sufficient to properly explain it so read this... http://mises.org/resources/2692 this too... http://mises.org/money/2s7.asp I already told you how money is made. I’ve done so twice and refuse to do it again. No doubt the brevity required on a message board is not sufficient to properly explain it so read this…

http://mises.org/resources/2692

this too…

http://mises.org/money/2s7.asp

]]> By: Nate http://www.ronpaul.com/2009-01-23/ron-paul-outlines-the-path-to-recovery/comment-page-1/#comment-12838 Nate Thu, 29 Jan 2009 19:43:01 +0000 http://www.ronpaul.com/?p=861#comment-12838 Whoops it should read "...greatest trade IMbalances..." Carry on. Whoops it should read “…greatest trade IMbalances…”

Carry on.

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