185 responses to “Ron Paul Questions U.S. Mint on Gold Coin Shortage”

  1. TheBrotherMouzone

    Can someone explain to me in detail what it means in Congress to "yield back one's time"? Does it mean he just wasted the time, or will it be accummulated so he can talk more on a different occasion later?

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  2. RebelRouserMC

    In short form,, to be a successfull buisness person in the USA these days, you have to learn to rob and steal from everyone else..

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    1. Forest

      Right.

      Hey 'Rebel'. Why don't you go door to door at local businesses in your state and just 'tell them like it is' and that they are all just 'robbing and stealing from everyone else' and YOU ALONE know how to make it right. AMEN REBEL!

      Your corrosive, juvenile attitude is a joke.

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      1. Machine

        And you sir are a ignorant impotent obtuseminded boob, that sits back sucking on the tit of a corrupt government. Your obedience to this government is proof you do not value the virtues of Life Liberty and the pursuit of Happiness.

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        1. Forest

          What the hell are you talking about?

          Seriously, Rebel says (sic) to be a "successfull buisness person in the USA these days, you have to learn to rob and steal from everyone else".

          Clearly you don't work, otherwise you just might take offense to offensive drivel such as this. If you want to go door to door and tell good, hardworking people they are only successful because we rob and steal - I pray you don't darken my door.

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        2. Machine

          Oh I work, I work 60 plus hours a week. I own a small buisness, I'm a teacher, and I am a freelance writer/photojournalist. And no I don't take offense to the truth...Based on my own perspective through simple observation and experience over 38 years...I share rebels sentement.

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        3. David

          Hehehehe, good post machine, i don't have a lot of interest in the gold topic but i do check your posts when they come up on the board and i see you've been getting into it with Forest as well. I'm pegging him as a banker or something similar as that's about all he could be from the statements he's made on here. He obviously doesn't live in the real world, and there's no possible way he could be involved in anything useful.

          You and i on the other hand are involved in very useful and beneficial things as are most people in this country, and we do live in the real world and have sense enough not to believe the crap they are spouting as most others do too. Actually there are only two people on here whom i've noticed at any rate, who are defending the status quo at this point, and these are Forest, "the other david" the banker, and then of course Fred who believes them LOLOL. The simple fact that they are here is the best evidence that we could have that what we are doing is working and that they are living in absolute terror of you and me and the rest of the American population at this point, and hopefully you and me and all those like us can make sure that that terror was well justified as well.

          Always love your posts machine. Its interesting to know what you do as well, your definitely someone whom i would find very interesting and love to have as a friend. I guess we already have come to be so on here already. :)

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        4. Machine

          Howdy David,

          Thank you for the compliments...I enjoy reading your posts too, you have "helped" me gain a greater understanding regarding the banking system and the Federal Reserve...I just downloaded information from the LudwigVon Mises Institute about "money" very educational, interesting and even historical. I am going to make it, along with books by the late great historian and social activist Howard Zinn, as a part of my required reading, and class discusion for my students come fall.

          I just became a member of the Oath Keepers and, Campaign for Liberty...how about you? I am looking forward to attending the Campaign for Liberty seminar this August in Orlando.

          Keep on Keepin' on!

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        5. David

          Hi again Machine. I was just checking this thing before going to bed. Well heck it looks like were on opposite sides of the country unfortunately.

          Yeah Mises is interesting, I haven't been through it in great detail, i know there's some good historical information there, but the theories seem to be missing the point and as usual trying to figure out how to make an economy work within the constraints of a banking system by switching to hard currencies thinking this will result in "honest banking" which in and of itself is an absolute contradiction in terms. It's sort of like this buddy i had when i was a kid who broke his arm one summer when he built himself a set of cardboard wings and tried to fly off the garage roof, no matter how hard he flapped those wings he still hit the ground. As long as we tolerate the parasites in any way shape of form, eventually we have to fall down hard.

          I've just been working off common sense here, with a decent understanding of science, engineering and useful production, and looking at history and what has worked in the past as opposed to following any form of established economic theories. As per past discussions your well aware of what i think. I guess the only person who's come up with any form of economic philosophy which would be even close would have been C. H. Douglas, who was a British engineer who applied standard engineering principles to economics. I think what he came up with is more complicated than things need to be and also included some aspects which i wouldn't agree with such as price adjustment which would be completely unnecessary as the system would take care of this naturally through supply and demand and with proper currency distribution using inflation as the limiting factor, but he did have the right idea in terms of a national dividend to allow the population itself to buy the full value of our production and promote the increase of that production instead creating artificial shortage to buy power for Banks. To quote from Wikpedia "He published his observations and conclusions in an article in the English Review where he suggested: "That we are living under a system of accountancy which renders the delivery of the nation's goods and services to itself a technical impossibility." [3] The reason, Douglas concluded, was that the economic system was organized to maximize profits for those with economic power by creating unnecessary scarcity." and this pretty much sums up the past and current situation as well.

          What's interesting to note here, is that not one of the economic systems which did work were designed by economists. Franklin was a businessman, and a scientist, Hitler was a military dictator with ambitions to rule the world, and Douglas who again was promoting a free public currency with a national dividend to enable the people to actually buy the full value of that countries production was an engineer, and although his philosophies were really gaining ground at one point the banks managed to kill them off before anything could be accomplished to bring them about. Oddly enough there have been several orders from the Catholic church who have been and are actively promoting Douglas / Social Credit economics, and although i have no great love for organized religion this would definitely make them our allies in this as well. Anyway, the practicality is that Douglas was absolutely correct in his statement as we've all seen evidenced in front of our faces, and as opposed to an economic theory, his work was based on coming up with a tangible and practical means to resolve the "technical impossibility" for the benefit of a general population, as was Franklin's which it did, and although this was not Hitler's purpose, he made things work toward his ambitions through the same method, and every time it was done without banks.

          Keynes on the other hand was an economist, also British, and advocated massive government spending (loaned from the banks) as a solution to all economic woes. We've all seen the result of that, and this is what Obama subscribes to as well.

          Anyway, its something for you to check into, and it might be something to introduce your student to in order to get them thinking outside the box. :)

          BTW, My father was a high school teacher for 37 years and operated a small farm on the side. He came home with a story one day about this kid who swallowed a live frog on a $ 10.00 bet where the damn thing didn't die and ended up hopping around in his stomach through the afternoon. Dad knew something was wrong with him and the kid finally couldn't stand it anymore, told Dad what he had done and they ended up hauling him off to the hospital to get the frog out of him. LOL I'm sure you have a few stories of your own as well. :)

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        6. Forest

          David says: "He obviously doesn’t live in the real world, and there’s no possible way he could be involved in anything useful."

          Ohhh, pulling that Real 'Merican crap? Please. Maybe I'll pull the race card and our idiocy can negate each other.

          'Forest' is not my given name, it is my business, not government, office.

          Now that we set your ignorant stereotype on end, 'I live in absolute terror'?!?! So Paulites now have gone 'bunker mentality' huh? What is this, an ideological Waco? Now you think I am afraid? Riiiight. You think phrases such as what I have listed below are:

          A) So true they frighten me because of their accuracy and harken to a forthcoming economic rapture for which, even in my decades of being a prosperous businessman keep me completely unprepared
          OR
          B) Frighten me due to their violent, angry, uneducated nature

          I'll give you a hint, it sure as hell is not 'A'.

          Rebel says: "to be a successfull buisness person in the USA these days, you have to learn to rob and steal from everyone else.."
          Machine Says, while defending Rebel: "I own a small buisness"
          My Take: Rebel, meet Machine. Machine, meet Rebel. Machine has clearly been robbing and stealing from everyone else, Machine is the enemy, Rebel.

          OurTimeIsOut says: "Is the valueless dollar even made in America anymore?"
          My Take: I bet OurTimeIsOut uses dollars EVERY DAY for valid business transactions. How he thinks it is 'valueless' is rampant idiocy.

          Bottomline: "Because they want to opress (sic) us with a piece of paper"
          My Take: Yep! That is all it is, 'suppressing us real 'mericans who work in 'real 'merica'. Nothing about basic economics such as trade deficits and flow of funds, really, every gold standard ever has failed - BUT NOT THIS NEXT TIME. You know better than that - you read a blog! You listen to Ron Paul! Don't mind those lerned'folks - they know nuttin.

          Machine says: "I just downloaded information from the LudwigVon Mises Institute about “money”"
          My Take: The hell? You have been arguing about economics and haven't even read Mises? Truly arguing from ignorance up until now huh? Or just taking your philosophy from the gut, scripture and ayn rand?

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    2. David

      I'll second Machine's post Rebel, i do share your sentiment as well. I expect that Forests strong objection is due to the fact that he's probably one of the ones doing the stealing. The local businesses he speaks of are not making money either because those doing the stealing have removed it all from the system, and left us nothing to conduct legitimate business with. The guy's grasp of reality leaves very much to be desired to say the least.

      I'm going to give you a link to a conversation that some of us had on here about this which details the problems and solutions.

      http://www.ronpaul.com/2010-07-09/majority-of-americans-believe-obama-is-a-socialist/comment-page-3/#comment-115818

      There's an a lot of us on here and everywhere else who are working very hard on criminalizing the theft, taking back whats been stolen, and establishing a free and legitimate economy where the only way to make money is by providing something of useful benefit to someone else, and it seems to be starting to work. Come help us make it happen.

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      1. Forest

        David starts his own conspiracy theory: "I expect that Forests strong objection is due to the fact that he’s probably one of the ones doing the stealing."

        Can't keep a good conspiracy theorist down - when confronted with facts and real-world examples, attack them personally!

        By the way, you guys are getting all messy with your attacks.

        Rebel says: “to be a successfull buisness person in the USA these days, you have to learn to rob and steal from everyone else..”
        Machine Says, while defending Rebel: “I own a small buisness”
        David Says: "I expect that Forests strong objection is due to the fact that he’s probably one of the ones doing the stealing."

        David, according to Rebel, and Machine, Machine is the thief who is doing the 'stealing' here. I'm just a hard-working 'merican from the heartland.

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        1. David

          And what kind of work would that be Forest ?

          Some of your statements have been bordering on insanity here and elsewhere, expecting the unemployed to establish work for themselves when even long established businesses are dying because the banks have pulled all the money from the system that we need to trade with. Your thinking is so far from reality that there's no possible way you could be involved in anything real. If some way, some how, you are, and are actually involved in something useful, then you are the single and only such person i know, on here or in person, who has not figured out that we need to kill our banks if we are to survive, and if so it is beyond comprehension that you could think as you do.

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        2. Forest

          David says two things:
          "when even long established businesses are dying because the banks have pulled all the money from the system that we need to trade with."

          "who has not figured out that we need to kill our banks if we are to survive,"

          First off, David. Since when did hard-working 'Mericans need a big-ol bad bank to work hard and prosper - you did say "established businesses are dying because the banks have pulled all the money from the system that we need to trade with"? You just need an idea or a skill, since when did Austrian economics begin requiring a bank, and thus availability of debt, to facilitate trade? Can't you just pick yourself up off your bootstraps, come up with an idea, and make this a better country?

          Stop depending on banks and do it yourself.

          Then David says "who has not figured out that we need to kill our banks if we are to survive". Wait, so at first you blame the banks for not extending credit (read first quote), now you want to kill them 'in order to survive'? Is this some sort of an Oedipus complex? Don't you know what history considered the tale of Oedipus - yes David, more than a little tragically confused.

          If I were you I would stop now, you are somehow managing to do nothing except FURTHER embarrass the concepts of Austrian economics - which is amazing considering they are embarrassing enough on their own.

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        3. fred the protectionist

          "we need to kill our banks if we are to survive"

          Are you a Libertarian or a Communist?

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        4. David

          Forrest your posts are so far beyond ridiculous, that there not worth responding too, but for the benefit of the very few here who may not have figured this out already, you have defined the problem very precisely in your post.

          In order for an economy that involves anything beyond local barter to function, we need a uniform means of exchange in order to trade with each other on a widespread scale. What we need is a free public currency, produced simply and only to facilitate trade and maximize production for the benefit of the population, instead of credit issued by banks which can only buy progressively more power and wealth for them at the expense of that production and the population.

          We sure as hell don't need banks for the economy to function, and the fact that it isn't is due to the fact that we have tolerated them for far too long already, but we do need an adequate means of trade, which can be introduced into the system in something other than the form of debt. For those very few who have not figured this out already, there it is.

          Fred, the standing Libertarian philosophy is "austrian economics" which makes the assumption that switching over to hard currencies would create "honest banking" which it never has and never will as such a thing is a contradiction in terms, so although i agree with many of their political philosophies, i can't call myself a libertarian. Since Communism / socialism is simply the final evolution of bank controlled capitalism where the banks have managed to accumulate 100 % of the countries wealth for themselves leaving nothing for the people, and then establish the political power to keep it permanently, i cant qualify as one of those either. I guess i'm just an American who loves this country and would like to see its population do what they need to do in order to have the chance to secure their freedoms and create the abundant prosperity which they are actually capable of creating for themselves, without the influence of the F'ing parasites that you and Forrest defend to prevent them from doing so.

          As i said Forrest, you say you work, now answer my question, what exactly is it that you do ?

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        5. Forest

          Huh David?

          "We sure as hell don’t need banks for the economy to function"

          OK, so where do people save your utopian 'barterable non-money assets'? With the Knights Templar? You won't have to pay for those services, right?

          How will you pay for everything that isn't 'bartered'? I mean, no banks means no checking accounts, you going to mail slivers of gold? That should work. Man, travelling will be FUN! It'll be like the old west all over again!

          "but we do need an adequate means of trade, which can be introduced into the system in something other than the form of debt."

          Like... Money?

          Ludicrous. Your musings are so ludicrous they make Mises seem sane.

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        6. David

          http://www.ronpaul.com/2010-07-09/majority-of-americans-believe-obama-is-a-socialist/comment-page-3/#comment-115818

          Department of the Treasury, which we need to actually do their job and create the public currency and be the public bank, as opposed to abrogating that responsibility to the private banks as they do now, its a simple thing, and its been well discussed in that conversation, but you obviously can't think and understand anything outside the tiny little box which has been defined for you to think within. You and fred are in good company LOL.

          It was done by the American colonies in Franklin's time and worked magnificently, and it seems pretty much everyone involved in anything useful is figuring this out, and those are whom this would benefit as well. Everyone but you and fred and you never will.

          It seems like your contradicting your own posts, first you expect people to funcition without money and then you ask how they will pay for everything, ridiculous.

          As i asked before, you say you work, what exactly is it that you do ?

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        7. Forest

          Fantastic. So the answer to limiting government is...

          "Department of the Treasury, which we need to actually do their job and create the public currency and be the public bank"

          BA-DUM

          Have a bureacracy control it all! Yay! Big government wins again!

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        8. David

          No, make public things public so that the rest can be private and functioning for the benefit of the population. Right now we have an enormous government that represents the private interests in control of the public currency at the expense of the people which is exactly the cause of the huge bureaucracy they need in order to maintain that power, and the one guarantee we have is that things can only get worse instead of better.

          Fortunately, and you still haven't answered my question as to what you do, i expect you will be out of business as you have to be making money by manipulating money in some way in order to think as you do and at such a point it will no longer be yours to manipulate, only such a person would object to something like this, and these are the ones which i and many others here are out to destroy as well.

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        9. fred the protectionist

          "We sure as hell don’t need banks for the economy to function"

          If you said this in the 1990's, the Libertarians and neocons would call you a Communist.

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  3. SturmKorps

    7:20 why is that LMAOing behind him ?

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  4. JD4x4

    I need to find this entire session's transcript. As I read the law it is ILLEGAL for the mint NOT to produce these coins "in such quantities as the public may demand". In fact I raised that with my rep in Congress when the mint stopped producing fractional gold coins when gold was at $900.00 an ounce a while back. I have a letter back signed in behalf of Mr. Moi stating that yes, they must be produced by law, but referred me to the fact that they were still selling proofs, so not in violation!

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  5. NewAmericanOrder

    God bless Ron Paul. A true American hero in real life.

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  6. brown55061

    1971 was the time we removed the last ties to a bullion backed US dollar. Ever since then the dollar has lost over 90% of its buying power. If you disagree, you have never bought anything from a store. 1970 Camaro Z28 was ~$3500 new, today that same vehicle is $27-30,000. Devalued trashed dollars buy less.

    Gold is rare, as are most all minerals. If you are required to back every USD by SOME metal, it stops a treasury from over printing dollars and creating inflation. The solution is simple.

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    1. fred the protectionist

      Wrong, inflation wasn't invented in 1971 cause the magical gold standard disappeared.

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    2. Forest

      Only on Ron Paul... 'How my folksy anecdote on the 1970 Camaro z28 proves the fact that there is inflation.' Jeezus.

      So, champ, how about instead of a Camaro, you used... Say a computer? Hmmm....

      So a 12.5 mhz computer was $4.6 MILLION in 1970, now a 1600 mhz computer is $550.

      By my example, extreme DEFLATION of the dollar has occurred and we need to FIGHT DEFLATION OF ASSETS!

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      1. fred the protectionist

        If you notice, computer development has been exponentially increasing in computational power/quality while the price has remained stagnant or has actually lowered. The core processors (hardest part to manufacture) are actually made in the USA or Germany (Intel and AMD respectively), while other components like memory or keyboards and power supplies are made with cheap foreign labor.

        The core processors cost just as much, or is cheaper, than the power supply or keyboard. Meaning the easiest to manufacture component of a computer is made with cheap foreign labor and it is the most expensive to purchase. Free Trade at work I guess.

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  7. gunsandbullhorns

    He's correct. At the time "regulate the value thereof" was written—which was prior to the Marginal Revolution—the term "value" meant composition. ...in that context.

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  8. nathuwjohn

    They want us to fill out 1099 for anything we buy or sell that is greater than $600 per year; GOLD & SILVER. They are looking to start this January 2012.

    We need to call our Representatives and tell them NOPE!

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    1. Libertarian777

      and firearms over $600 too.

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      1. fred the protectionist

        You don't understand the concept of inflation. Irregardless of the level of inflation inflation is always exponential, therefore every generation thinks it is outrageous because the concept of the exponential is beyond their thinking capabilities.

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  9. roger767

    I love this guy. You guys need to vote for him. I cant cuz im Dutch.

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  10. JohnnyDizm

    Does Ron not know that gold is inherently worthless?

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    1. GB

      Expound, please.

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    2. Libertarian777

      do YOU know that US $ is intrinsicly worthless? it's just paper.

      Pennies are worth something though, cost > 1c to manufacture

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    3. Forest

      Does Ron Paul know that he is 'intrinsically worthless' too?

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      1. fred the protectionist

        I don't think he knows that. He should.

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  11. benytink

    Mr Ron Paul such a true patriot.,love this man,RP..JV FOR 2012 my dream ticket!!

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  12. hergs

    I don't get what Paul is advocating for here. Is he suggesting that the Mint should be expanded and properly funded to produce their own planchets again? Or is he suggesting that we should outsource more American jobs to overseas planchet makers? He seems to be advocating for both at the same time. Article 1 Section 8 is very explicit that the government is tasked with this job. What do you all think?

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  13. republicunderground

    guy laughing behind Ron Paul priceless 7:17

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  14. BeantownJim

    The U.S. Mint outsourceing the production of gold bullion coins?Did i hear that right?

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  15. eeepictures

    who's the guy staring at Paul?

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  16. katey1dog

    This man must become President.

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  17. WeThePeople012

    0:57 -- The guy sitting behind RP hears Dr. Paul and his eyebrows shoot up!!! LOL!

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  18. tesskansas

    It was awful to see suc an empty chamber room. Awful.

    Congressman Paul will go down in history as the Paul Revere of our money!.

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  19. mrkangagoo

    rEVOLution

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  20. siweltnek

    Very Interesting!

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  21. nomoreserfs

    Lay off the pipe? I urge you to watch the film America:Freedom to Fascism. Then come back and tell me again to "lay off the pipe." Truth is that we are the collateral to the debt, this is why we have an income tax. Reasearch the Grace Commission where the income tax only goes to pay the interest on the debt, nothing else. I also urge you to read the book, "They Own It All Including You". Don't be so quick with the insults man. All I am doing is trying to inform you.

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  22. Sinisterene

    Re-institute the death penalty for debasement of the currency

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  23. MoneyIsSilver

    FREE BERNARD VON NOTHAUS!!

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  24. FiatLux8888

    Mel Watts must Go. Kick him out this Fall NC!

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  25. a4finger

    Ron Paul For President! End the Fed

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  26. a4finger

    Ron Paul For President! End the Fed

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  27. lizardfirefighter110

    How is it possible to have a private company set up to coin money more efficiently than the government. If the government took a fraction of what it spends on the Iraq War - 28 billion dollars a month - and spent it on up grading our mints we would not have a problem. What a joke. Paul is being too nice.

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  28. midwestcharm

    What is "greater good?". I would suspect you know what's best for society. How about we get a nut in charge who thinks "it's best for society" if we steal everyone's belongings and make them all the same?

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  29. midwestcharm

    What is "greater good?". I would suspect you know what's best for society. How about we get a nut in charge who thinks "it's best for society" if we steal everyone's belongings and make them all the same?

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  30. smekese

    fuck you ron paul.. your no different with the republicans.. you oppose to everything even when its for the greater good for this country...

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  31. AiRarkansas

    Ron Paul is the man...President 2012!!

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  32. TheBrotherMouzone

    Who is that guy behind The Ron? Congress staff or just some random US citizen?

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  33. JKSuccess1

    Thank You Ron Paul!

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  34. MrGmbswagchamp

    RON PAUL 2012

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  35. cowboy1165

    There you have it folks. The government can't do it better then the market can.

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