Comments on: Ron Paul Exposes The Federal Reserve And Explains Why It Doesn’t Want To Be Audited

By: Kattie Goodman

Kattie Goodman — Sat, 31 Oct 2009 20:11:29 +0000

Great Interview. We also need to get behind Mr. Cleve Tidwell running for U.S.Senate up in Colorado, another Big Time Constituitonal First Supporter that is fighting for the people. A great Conservative Voice getting lots of attention in America. We should all go to his site and help with a contribution. His site is tidwellforsenate.com Helping Ron Paul by putting in office one more Senator who will fight for the people.

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By: Lee J. Morales

Lee J. Morales — Wed, 28 Oct 2009 09:29:10 +0000

Folks it’s time we put a team together to protect Dr. Paul as the 2012 elections near us. We must protect our freedom at all costs and protect the Honorable Congressman Ron Paul at all costs as well. Same for Rand Paul and Peter Schiff!

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By: navin

navin — Tue, 27 Oct 2009 21:07:51 +0000

God blesh Amerca and God blesh Brother Ron Paul.Amen.FREEDOM!

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By: Dr.louis morelli

Dr.louis morelli — Tue, 27 Oct 2009 05:05:18 +0000

Ron Paul is my hero and the only one in government today that has the courage to speak what can save America. A. Lincoln said “Tell the people the truth and the country will be saved. God bless Ron Paul. L. Morelli

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By: Perception

Perception — Sat, 24 Oct 2009 08:34:14 +0000

The crazy reality is Nate Y is that we have had this fantastic scientific revolution with astronomical advances in technology,yet our monetary system has remained in the dark ages.

We need to do some monetary experiments to see which is the best for all society.I’m not convinced that precious metals is the answer.I think that a fair set of rules could actually solve the problem of creating ample currency to match growth reality and expectations.I like Ron Paul’s solution of having an alternate currency.Perhaps we could have many in competition and the good will drive out the bad.

I have an open mind on this topic.

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By: Nate Y

Nate Y — Sat, 24 Oct 2009 05:56:16 +0000

Sure they could do that. The idea put forth by Ron Paul seems to be quite similar to that of F.A. Hayek and some other Austrian School economists. The idea is basically to repeal legal tender laws. This would end the government/central bank monopoly on money creation. Ron Paul sometimes says we should “legalize the Constitution” as shorthand for this. Basically, the argument is that there should be competition between monies/currencies. You have paper standard and a commodity standard working parallel to each other. Perhaps gold/silver would be the commodity money but we can’t know for sure. Over time, the money that best maintains (or appreciates) in value will be selected as the preferred money. This would basically be the reverse of Gresham’s law. The good money would drive out the bad.

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By: Perception

Perception — Sat, 24 Oct 2009 03:20:57 +0000

I think that there has to be a lot more debate about the best system of currency stability and creation.A select private group of banks should not be able to own and create money on a whim as the Fed does now.

Do you on the other hand let Govt do this? The creation of inflationary money acts like a tax.It depreciates the worth of people’s labor.Currency should be owned by everyone and thus when banks create inflationary money,they should be paying dividends to all people who have bank accounts.This will limit inflation since there would be a penality for banks creating more money than necessary to facilitate economic activity.

Perhaps we let all financial institutions create money whether they be banks or credit unions with strict formulae of currency creation based on deposits.If they go beyond the bounds of their charter,then they have to pay money back to the people whose currency they are depreciating.Would a system like this negate the need for a currency based on gold or silver?

I think it is worth exploring.

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By: Jones

Jones — Fri, 23 Oct 2009 18:20:07 +0000

Out of the many things going on, Ron Paul’s ideas and proposals make more sense, match better the need of the people, and match reality better.

Shall we start thinking about setting a bank for the people and use gold, or something else as a standard?

It looks like slavery never went away, but was rather transformed or camouflaged along with the high tech in the modern world. Like magic ah?

Thanks!

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By: Lindsey

Lindsey — Fri, 23 Oct 2009 02:49:59 +0000

Lalo: Sorry, I guess you didn’t like my sense of humor. Yes, I agree with you. God is our creator. I just hope that as a nation we haven’t lost our faith in God and turned to making “an idol cast into the shape of a calf”. I see you haven’t lost faith and that is a good thing!

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By: ThomasPaineReturns.Net

ThomasPaineReturns.Net — Thu, 22 Oct 2009 20:22:14 +0000

People need to learn the lessons from the ENRON scandal:

“The ENRON experiment has shown the ruling elite how gullible the public and private sectors are. The information from ENRON is being used to guide the ruling elite in how far they can push foreign and domestic investors with blatant share-price manipulations before the shell will crack. ENRON was a micro-level matter, concerning a single organization. The ruling elite have pressed the result to the macro level and are openly manipulating entire share markets, trying to keep up the image of a healthy economy when they know it is facing certain collapse. As a consequence of the ENRON experiment, many unscrupulous corporate managers also know how much manipulation is possible before they are suspected. This has helped many otherwise weak corporations to keep their share prices artificially elevated to uphold the illusive image of prosperity. The banking sector has used bonding theatrics to uphold their images also. This is just another chapter of the ENRON game being played out.”

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