37 responses to “Ron Paul: Legalize Competing Currencies”

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  9. christine

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  10. christine

    http://youtu.be/AZU0c8DAIU4
    THIS MAN WILL BLOW YOUR MIND HE SPEAKS OF OUR DAYS EVENTS BACK IN 1958..HIS PHOLOSPHY REMINDS ME OF RON PAUL

    »crosslinked«

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  11. Jake

    Citizen you are invited to put your money where your mouth is and debate (live) your pretended solutions and your critics on MPE.

    I hope to hear from you soon then.

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  12. Jake

    Mike breaks down a 60 minute interview will Ben Bernanke word for word exposing the lies and deception of banking.
    Mike also breaks down Ron Paul’s reply to that 60 minute interview with Ben Bernanke word for word also.
    And finally mike exposes Dennis Kucinich’s Plagiarisation of MPE and the world mandate in Dennis’s latest reform bill.

    http://www.youtube.com/user/chelonia1663?feature=mhum#p/f/18/FB12kKfUsn0

    Mike Montagne 1/18 (MPE) 60 minutes Lie of Economy 01.01.11

    1/18 to 18/18

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  13. Jake

    Listen to Lies of Economy, and remarks made to Bernanke and Ron Paul´s BS.

    http://www.youtube.com/user/chelonia1663?feature=mhum#p/f/18/FB12kKfUsn0

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  14. A Human Being

    The main reason to support an opposition movement to the current “Federal” Reserve is that it is outright theft. Perhaps a gold standard system would be inflexible and not as nimble but it would run on the premise of honest money and social credit by the people for the people. Even if you don’t support a gold system, a thinking American should promote questioning of why a rich nation such as ours is being *artificially* plunged into recession and joblessness through defaults of fake equity spun off of collateralized debt obligations leveraged $1,000,000:one $100,000 house all the way to $10,000,000:one $100,000 house, sending all jobs to the tin shanty towns overseas and still stealing their money anyways, bizarre chain reaction credit default swaps that take out people like dominoes, and bankers getting rich by selling tons of metal they don’t even have and making YOU pay for the bill when it comes due. It is clear that there are European bankers that go all the way to old pre-Revolution England who simply HATE the USA and would be more than glad to see it plunge into failure. The “Federal” Reserve sends a good portion of American value to these treacherous banks who hate us. We the Americans are the value behind this paper fiat note, not the other way around. This fraudulent non-Federal “Federal” Reserve a la “Federal” Express is like a pond of fish who decide that they suddenly owe each other more worms than will ever be in the pond, and with each new year they decide they owe each other even more worms than cannot be found in the pond. The practical outcomes are similar to Ireland’s current direction. Isn’t this a lunatic policy or is this actually clever and sane. The choice is clear to raise honest dissent unless of course you support burglarizing the poor, the helpless, the middle class, the upper middle class, and the rich to make the astronomically rich even richer.

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    1. Citizen

      A Gold Standard might be the ticket

      For those who cry that there is not enough gold to return to a Gold Standard…

      Take a look at the Gold Sheet world production
      http://www.goldsheetlinks.com/production.htm

      And pay special note of the shift in production
      form 1970 (787 mt)
      to 2009 (2,572 mt)
      South Africa is almost nowhere to be found but there are a whole lot of small developing countries who are mining and refining the yellow metal.

      Maybe a gold standard is not too far off ???

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      1. Jake

        it can´t work with interest, and it will not solve deflation

        those austrian´s are just as stupid as stupid gets

        just do the math´s man

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        1. Citizen

          Hold on there Jake…

          You say “it will not solve deflation”
          So why is “deflation” such a bad thing, that needs to be “solved”???
          Prices go up and down, but government almost never gives a flip about deflation. Deflation makes government debt more costly so the government is always working for INFLATION [[QE2]] policies. Dilution of its massive bogus debt serves to dissipate the liability on the backs of the Citizen who saves for retirement.

          Jake, your MPE {math} supports government DEFICIT INFLATION [currency dilution] spending, but you call it Interest Free Debt. It has only worked for a very brief period in history, when people were desperate enough (depression era Europe) to believe the Ponzi scheme that MPE really is.
          And you can say “do the math” with a straight face? MPE is simply Marxist Progressive Eugenics, math has nothing to do with it.

          The real math is that you can’t Borrow money to fund a Ponzi Schemes and hope that no one will wise up to the fraud. Unfunded Mandates (socialism) has never, nor will ever work!

          Interest is the economic BRAKE on Big Government sponsored currency fraud. Without the COST Brake of interest, Government Central Banks simply generate bogus Cyber Cash to pay for their profligate social [wealth transfer] spending programs

          A GOLD standard, held in private citizen’s hands, stops the government’s cyber-cash fraud machine dead in its tracks.

          Happy New Year Jake!

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      2. Jake

        A gold standard will not work with interest, and it will not solve deflation

        those austrian´s are just as stupid as stupid gets

        just do the math´s man

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  15. Jay Sunderland, SPHR, CEBS, HPIC

    I see Ron Paul’s name on many “Constitutional” party type groups’ web sites. Today I decided to read his platform. I too am a Constitutional Patriot. That’s why I’ve been studying the U.S. Constitution and U.S. History.

    Not to say I wouldn’t support Mr. Paul, I simply don’t know enough about him yet. I must say I disagree with his solution of going back to Gold & Silver as the U.S. monetary base. Calls for a currency began before the signing of the U.S. Constitution. Of the 13 colonies there were 17 monetary systems. Many founding fathers understood the inherent limitation a limited commodity (gold or silver) had in international trade negotiations. If you’ve only got a1 ton of gold, how much can you promise to pay for imports, national programs like defense, or to reserve for paying our bills? Answer: 1 ton of gold’s value. If you promise more, you can’t pay it.

    A currency on the other hand, can be based on the taxing authority of the issuer (the Federal government). If we owe $1Billion, we can print $1Billion in currency notes. Of course, this requires the government collect $1Billion in taxes, and over time, the currency will be worth less, because we’re maxing out our taxing authority. The upside to currency is that to a point, the lower it goes, the better because the goods and services of the issuer (The US) get easier to buy. But there is a limit to this too. Just like there was on the gold standard.

    Today’s problem isn’t that we aren’t on the Gold Standard, we couldn’t survive at our current population levels if we were, because with limited supplies of gold, only a minority would have any money. Yet we have to quit printing currency “Federal Reserve Notes” before they become no more valuable than wallpaper. If that happens, as it did in Germany between 1919 and 1934, just prior to Hitler, it will take a wheelbarrow of currency to buy a loaf of bread.

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    1. Kevin Rice

      I would suggest reading Murray Rothbard’s book ” The case for a 100% gold dollar. Gold should not be looked at in a quantitative manner to determine value. 1 Billion sounds like a lot of money, but what could the real value be?

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    2. Jake

      We are in a worldwide economic crisis AGAIN, and “MONEY” is at it’s very center AGAIN. And we have let it happen AGAIN. It is a crisis of money management, and the result of permitting ruthless private international financiers to gain and keep control over “OUR” money AGAIN. Yes, money is a sovereign right that arises from the sovereign right of an individual to enter into contracts. By allowing that right to be usurped by private banking interests we have lost the greatest power a free and democratic people can have – economic power. I would say that 90% of all the people are confused about money. About what it is now, where it comes from, but more importantly, what it should be, and where it should come from.

      Wealth often confused with money, can take almost any form, and historically it has, from gold to cattle, from grain to salt, and water to land. These are all forms of wealth, commonly called commodity wealth with the exception of land, which is known as “real wealth” or “real estate” because it has certain distinctions that commodity wealth does not. Notes or deposit receipts (money) for grain, metals, gems, or other items of value have served throughout time as a safer, more convenient means of transferring payment. Here the reputation of the issuer was the key factor in its acceptance.

      But the point here is that “money” is a medium, or means of exchange that takes the place of the items being exchanged. When items of value are exchanged that is called “barter”. Money is used in place of barter. Money is not the things themselves. For money to retain it´s integrity it should be free of any intrinsic manipulation which one of them is interest.

      Mathematically Perfected Economy NOT ONLY restores our sovereign right to issue our own promissory notes to each other, but also offers a money management system at the same time.

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    3. Citizen

      Evening Jay,

      Frankly I wouldn’t use Federal Reserve Notes for my wall paper, its not my shade of green.

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  16. jack

    Under Mathematically Perfected Economy (MPE) we wouldn´t need any banks in their current or any other form.

    All debts — which always equate to promissory notes/obligations under MPE — are collateralized under MPE. Therefore you can only borrow from the Common Monetary Foundry against the equity of any property you may possess or purchase; and your ability to pay against it (credit worthiness) must be certified based on earnings or potential earnings.
    All without interest attached. Leaving no room for inflation and deflation.

    You also have to scrap the gold standard — gold and interest therefore are mutually exclusive, wholly incompatible principles. But you still have to do this if gold is your only other concept of an alternative, because a circulation restricted to finite monetary reserves cannot sustain an eventual greater volume of industry.

    So you’re basically f´d in all of these directions, because you’ve insisted on restricting the discussion to either gold, or interest, or a pretended combination of the two which honors no principle whatever.

    So because you refuse solution, you have the f´s in power you least want — doing all the things your adversaries in these forums want to do (even more effectively than they can rob each other). And what are they doing? All the things which I predicted so long ago — artificial sustention — purposely breaking the rules of the system — for themselves — to preserve the system of exploitation.

    The “Austrian school” seems to attract the brain dead — like non-Euclidean geometry. It has no use, because it doesn’t even have a fundamental principle which equates to economy — much less proof of one. Take the baseball bat to “Austrian economists.” We should decorate the neighborhood with them — swinging from every tree.

    http://www.perfecteconomy.com

    http://endtheecb.ning.com/video/mathematically-perfected

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    1. Citizen

      Jack,

      Interest does not cause Inflation or Deflation….

      Fractional Reserve Banking causes Inflation and eventual Busts (deflation)

      Savings are organized and stored in depositories (banks) for later community use during naturally occurring deflationary periods (famines). Banks provide a valuable function in any economy, a service necessary for modern economics.

      MPE is such a grandiose scheme that would require a New World Order and the appearance of the Anti-Christ to manage it with an Iron Fist.

      I can hardly wait!

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    2. Citizen

      Jake,

      I love your simple socialist solutions…

      you said: “Common Monetary Foundry against the equity of any property you may possess ”

      OH, you mean just like when unqualified buyers purchase over-inflated real estate that has been artificially sponsored by quasi-government institutes, like Fannie and Freddy ???

      Hmmmmm… Been there, done that, got the T-shirt too!
      NEXT!

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  17. jack

    While the gold standard can neither save us from further multiplication of debt or rectify the other issues before us, simply re-invoking the gold standard would pave the way for immediate loss of “our” monetary gold, for already twenty years ago, the perpetual process of multiplying debt had plunged us from the greatest creditor nation in the world to its lowliest debtor nation. For the very purposes of the lie, “our” currency is now held in immense quantities across the world; and thus even if “we” held gold for money instead of paper, our inevitable collapse under perpetually multiplying indebtedness therefore will mean giving up the last of our former gold, rather than the last of a mere paper, as we tolerate the imposition of a Second Great Depression. I am now even more worried about our financial future, unless we advocate Mathematically Perfected Economy (MPE) in which we mathematically have proven the above, but are also offering a real immediate solution to the current terminal system.
    For more information you can visit the following links:

    http://www.perfecteconomy.com

    http://endtheecb.ning.com/video/mathematically-perfected

    Kind regards,
    Jack

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    1. Citizen

      Good Day Jack,

      You are correct, “perpetual process of multiplying debt” is what Marxist Progressive Eugenics [MPE] is all about.

      You MPE Socialist love to spend other peoples money by creating cyber-cash out of thin air and handing it out to the “needy”.

      Your claim that you can spend and SPEND without negative effect by making Credit, “interest free” is a fools folly!

      Your collateral asset base assumes static asset values, a foolish assumption!
      Only socialists would make such statements.

      Interest is the economic BRAKE that restrains profligate socialist spending schemes. MPE is just a re-packaged Marxist concept of forced material price fixing.

      You might want to consider a little bit less holiday cheer?

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      1. Jake

        No Citizen and deep down you know you are……WRONG

        Listen to Lies of Economy and remarks made to Bernanke and Ron Paul´s BS.

        http://www.youtube.com/user/chelonia1663?feature=mhum#p/f/18/FB12kKfUsn0

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  18. Jay Giallombardo

    The Gold Standard holds only false hope…it can be just as easily be manipulated as any thing else.

    What we need is an understanding of the Science of Economy which is rooted in production and the value of labor.

    We need a Glass-Steagall action to return our banks to proper commercial lending practices for the purpose of re-industrializing America.

    That is where the jobs are. Real jobs, not just make-work. That is where wealth is generated…through productive labor.

    We need high energy sources to sustain world populations.
    That means extensive Nuclear fission and fusion development.

    And we need science-driver missions to make scientific break-through and technology development.

    The Hamiltonian view is where our future truly lies. Strong National Sovereignty committed to maintaining our CONSTITUTIONAL PRINCIPLES is what will benefit all Americans.

    You can never progress if you only spend what you have now.
    Otherwise, Isabella would have never funded Columbus. You have to invest in the right things…INFRASTRUCTURE…not bailouts.

    You have to grow INTO propsperity by investing with long-term, low interest CREDIT to private enterprise that benefit the people of the country. It is the proper wedding of government and private business that builds for the future and supports the population for growth and increasing well-being.

    We need a return to these constitutional values espoused by Hamilton, JQ Adams, Lincoln, McKinley, FDR, and JFK…

    …the great American Economic Leaders.

    Joseph Giallombardo

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    1. PleaseWakeUp

      Oh my gosh, you do realize that Alexander Hamilton’s real name was Alexander Levine and he was one of the original Zionist Imperialists?!??

      Hamilton was FOR centralized slavery, and merely wanted the apple cart version of the Federal Reserve with less secrecy. That was not what any of our founders wanted. It was a lie.

      Jefferson at no point even agreed with Hamilton’s vision, it was reckless and lacked wisdom. He told Hamilton it would fail.

      We can’t allow these kind of ridiculous neocon ideas to sabotage the movement, that is why I suggest everyone read up on what Rothbard and Ludwig Mises said.

      They said the only free nation is one where central banking either does not exist, or is in the hands of the people themselves.
      http://www.mises.org

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    2. Jake

      We are in a worldwide economic crisis AGAIN, and “MONEY” is at it’s very center AGAIN. And we have let it happen AGAIN. It is a crisis of money management, and the result of permitting ruthless private international financiers to gain and keep control over “OUR” money AGAIN. Yes, money is a sovereign right that arises from the sovereign right of an individual to enter into contracts. By allowing that right to be usurped by private banking interests we have lost the greatest power a free and democratic people can have – economic power. I would say that 90% of all the people are confused about money. About what it is now, where it comes from, but more importantly, what it should be, and where it should come from.

      Wealth often confused with money, can take almost any form, and historically it has, from gold to cattle, from grain to salt, and water to land. These are all forms of wealth, commonly called commodity wealth with the exception of land, which is known as “real wealth” or “real estate” because it has certain distinctions that commodity wealth does not. Notes or deposit receipts (money) for grain, metals, gems, or other items of value have served throughout time as a safer, more convenient means of transferring payment. Here the reputation of the issuer was the key factor in its acceptance.

      But the point here is that “money” is a medium, or means of exchange that takes the place of the items being exchanged. When items of value are exchanged that is called “barter”. Money is used in place of barter. Money is not the things themselves. For money to retain it´s integrity it should be free of any intrinsic manipulation which one of them is interest.

      MPE NOT ONLY restores our sovereign right to issue our own universal promissory notes to each other, but also offers a money management system at the same time.

      endtheecb

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  19. Jay Giallombardo

    While I agree with Ron Paul on many aspects, his devotion to Austrian Economics IS NOT CONSTITUTIONAL…nor is the gold standard.

    What is Constitutional was the ruling by the Supreme Court in 1819 UPHOLDING the Hamiltonian Concept of the National Bank.

    I agree that the FED is a corruption of that concept and was passed by the segregationist Progressive, Woodrow Wilson. It place the Federal reserve above congressional control and has now worked in the last 40 years under Keynesian influence to destroy the American Economy.

    But before you throw out the “Baby with Bath”…Austrian Economics and a Gold standard is NOT the answer…And Ron Paul is dead wrong on this. He wishes to correct the FED problem by instigating a Laissez-Fare, competing currencies notion which will not work and has NO history of every working.

    What has worked is Hamiltonian form of National Banking UNDER the control of a Government that is “enlightened” to the concept of American Principles of Economy based on Production, not the monetarism of the British Empire.

    If you examine the growth and development of the USA under the enlightened leadership of

    Washington/Hamilton
    Madison (from 1815 and the 2nd National Bank)
    Lincoln (Grant, Garfield, McKinley),
    FDR
    JFK

    …you will find the best examples of the American system of economy in full bloom.

    Yes, criticize FDR all you want, but he had tremendous obstacles to correct from Teddie Roosevelt, Wilson, Collidge and Hoover who were all progressives and essentially in cohoots with the British/American notion of world-domination.

    The aforementioned Presidents all were fighting the intrigue of British Free-Trade…And AUSTRIAN economics reared it’s head as a hedge AGAINST Bismarck in 1979-1890 who had adopted the American system of inter-continental railway development to counteract the British Maritime Empire. Bismarck was a huge “Lincoln” devotee. The Brits got rid of Bismarck and then with the Assassination of McKinley wreaked havoc on Europe leading WWI; American entered the war and participated in the destruction of the German economy with the Treaty of Versailles.

    If we return to the American Constitution there is NO
    Austrian economic theory of any consequence at that time. The constitutional Aspect of American economic development came from Hamilton espoused in the Federalist Papers.

    So if Ron Paul wishes to right this “sinking American ship”…let him return to the real constitutional value of a Hamiltonian style national bank to replace the FED and provide for the infrastructure and technological development in nuclear power that we sorely need.

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    1. Nate Y

      Yes…let’s leave our current system of imperialism and central planning and return to Hamilton’s vision…of imperialism and central planning.

      A gold standard isn’t Constitutional? What on Earth? It says right in the Constitution that only gold and silver are to be legal tender and paper money (bills of credit) are forbidden.

      Keep spewing this nonsense about “Science of Economy”. You self-styled philospher kings/social engineers are so arrogant. You honestly believe that the answer to our problems is your particular brand of force. You never even consider freedom.

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      1. longshotlouie

        Real freedom is just too scary.

        ;)~~

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  20. longshotlouie

    New iBailout app for iPhone

    http://www.youtube.com/watch?v=fn3KIB97hg4&feature

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  21. Bottomline

    Once again You are on the right track Dr. Paul! I find it quite humorous that this administration and the Dems in congress is saying that the economy is rebounding! & We still are losing jobs!

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  22. Danny

    Keep it up Dr. Paul I’ll spread the word the best i can, we will we will win. I wish you would be more open of how a weak federal government will give people a chance to choose in their own states and communities the things that each administration tries to force on all of us.

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