Date: 12/14/2010
Processing your request, Please wait....
Promote Liberty
Get the latest Ron Paul Bumper Stickers, T-Shirts, Posters, Mugs, Speakers, Mousepads, Shoes, Ties, and other Ron Paul Gear.
Ron Paul is America's leading voice for limited, constitutional government, low taxes, free markets, sound money, and a pro-American foreign policy.
Ron Paul: End the Fed by Allowing Competing Currencies
170 Responses170 responses to “Ron Paul: End the Fed by Allowing Competing Currencies”
Leave a Reply
Love that guy. He would had my vote if I was an american.
- Jesper, Denmark
Report this comment
Like or Dislike:
0 
0
Paul and the likes..
You simply refuse the only Mathematic Prescription for what you have declared you actually want.
Austrian economics, Mises, Hayek are no help, come to think about it any system that still has USURY or INTEREST %%%%% as part of it will also FAIL us as never in history have any precious metal monetary standards either sustained industrial production requiring greater circulations; nor is it possible for them to arrest multiplication of indebtedness by interest.
The only currency which we should be considering is mathematically perfected currency‚ As there is one and one only solution to inflation and deflation; to systemic manipulation of the cost or value of money or property; and to inherent, irreversible (and therefore terminal) multiplication of artificial indebtedness by interest… thus it is only by eradicating altogether the latter costs; manipulation of the cost or value of money or property; and inflation or deflation.
The so called central banking systems The Fed, BOE, ECB, World Bank, IMF of the world in fact never earn this “money,” not only because they produce no product or actual service for it, but because the “money”
they pretend we must borrow from them is no more than our own promise to pay. Nor are they actual creditors, for on the contrary, they give up nothing for our promises to pay, and only intervene upon our commerce to pretend the justification for dispossessing us of all our production is no more than their unassented authority to no more than publish our promissory notes, at no practical cost to themselves whatever. They thus collect, just in ostensible principal, so much as all the wealth which is ever subjugated to these obfuscations, only as if this mere publication of our promissory notes made them actual providers of credit; and only as if any resultant debt is ever actually owed to them.
They further subject these lies then to interest, as if actual risk existed in the negligible costs of no more than publishing our promises to pay. All these intentional falsifications of principle then are such blatant, self evident, and ever demonstrable facts that it is amazing any truly free and just people would ever tolerate their fatal subjugation to these obfuscations for nought. Evidently too, this is the common observation of today’s vast pretended representation, for never were these purported principles subjected to the assent of a knowledgeable, intelligent public; nor is it possible they were ever passed by one, for it is intellectually impossible to intelligently ensure our demise for no more than handing over the publication of our promissory notes, the very fulfillment of which is ultimately even made impossible by the breaches of principle in the resultant, wholly unnatural, ever unjustified, and fatal arrangement.
Pretended representation therefore would hardly achieve these purposes if a knowledgeable public discovered that the lies of pretended economy invalidate its every asserted principle; that none of this has even the least power to serve us in any way; that the allegiance of the government of every republic owes to the very perpetrators who, by taking so inconceivably from us, readily install and enforce usurpation in every vital office and controllable media. The perpetual, concerted evasion of accountability before us therefore is no accident, it is instead a calculated, vital accessory to the most serious, arrogant, and repulsive crimes in history.
Report this comment
Like or Dislike:
1 
1
Tax the Fed retroactive to 1953 (federal income tax)!!! The Fed is a private corporation it should have been paying INCOME TAX all along (1953). TAX THE FED OUT OF EXISTENCE, PAYING OFF ALL USA DEBT!!!
Report this comment
Like or Dislike:
1 
0
Tax the Fed retroactive to 1953 (federal income tax)!!! The Fed is a private corporation it should have been paying INCOME TAX all along (1953) TAX THE FED OUT OF EXISTENCE, PAYING OFF ALL USA DEBT!!!
Report this comment
Like or Dislike:
0 
0
here is a possible solution according to the Money Masters video. on youtube look up how to abolish the fed posted by: temque
Report this comment
Like or Dislike:
0 
0
here is a possible solution according to the Money Masters video. on youtube look up how to abolish the fed posted by: temque
Report this comment
Like or Dislike:
0 
0
Gold and Silver coinage is hardened by adding 5% copper to the gold and 5% nickle to the silver making them hard enough for circulation use…
We don’t have to actually use precious metal bullion coins… Gold and Silver Certificates are “convenient” forms of holding a gold standard…
They only need to be redeemable at a local bank if desired. Banks would be required to hold 100% reserves for all notes in circulation, thus stopping the FED DEAD!
New money supply would be continuously expanded by the Government by using TAX collected money to buy newly mined gold and silver bullion at market price and then minting the same of just holding it in Ft Knox as a reserve for emergencies, like foreign invasion of our country!
The minted currency would be distributed throughout the country and ANY bank, S&L, Credit Union, etc could hold and store the gold for redemption.
This totally different than DEBT CREDIT! Loans would be made with the consent of the SAVERS who have deposits at various institutes. The owners of the reserve savings would be apprised of the risk and given the option to set the risk rate of return on THEIR saved money. Not money created out of Thin Air like the FED currently conducts its business…
This lending practice would become a “decentralized” local lending system where regional banks, counties and states would cooperate to fund large projects with the Consent of the Governed who own the wealth. And not at the capricious whims of Ben Bernanke or other Banksters.
Report this comment
Like or Dislike:
0 
0
Your channel rocks, check out mine..
Report this comment
Like or Dislike:
0 
0
There is a huge problem with using gold as currency, and that is the one of authentication. How does the average person ensure that what they are receiving in payment is actual gold.
Also, one of the reasons he is against cash money is the Fed printing more of it and causing inflation. However, companies are continually mining gold, which increases the amount of gold in circulation , and theoretically would have the same effect.
Report this comment
Like or Dislike:
0 
2
Join The Resistance!
Report this comment
Like or Dislike:
0 
0
Ron Paul lied here. The Constitution does NOT require a gold standard. Article I, Section 10 says, “No STATE [emphasis added] shall…make any Thing but gold and silver Coin a Tender in Payment of Debts…” There is no such restriction on the federal government anywhere in the Constitution. Sadly, Maria Barteromo did not call him on this, perhaps not knowing the facts herself.
Report this comment
Like or Dislike:
0 
0
What a minute…
BUT…
Article 1, Sec 8:
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;”
Are not our coins devoid of silver content and DEBASED? Shouldn’t we considered the Federal Reserve Notes as “COUNTERFEITS” since they are NOT fixed standards of weight and measure?
AND
That paper notes are not “COIN MONEY” with regulated value???
SO YES, the Constitution DOES require a gold and silver coin standard for our money!
Report this comment
Like or Dislike:
2 
0
Gold is not the answer,because whoever controls the gold controls the economy.
Report this comment
Like or Dislike:
0 
0
Gold is not the answer,because whoever controls the gold controls the economy.
Report this comment
Like or Dislike:
0 
0
Gold is not the answer,because whoever controls the gold controls the economy.
Report this comment
Like or Dislike:
0 
0
Gold is not the answer,because whoever controls the gold controls the economy.
Report this comment
Like or Dislike:
0 
0
Greetings Seraphim401,
Them that have the gold make the rules… That has always been the case.
But at least the FED can’t print gold!
That’s one GIANT STEP in the right direction.
No longer can the FED steal the wealth from our savings accounts
What a Concept!
Report this comment
Like or Dislike:
0 
0
All,
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 ???
Report this comment
Like or Dislike:
0 
0
even those who do support a gold standard are still missing the point though (not saying you specifically Citizen).
RP is wanting to legalize competing currencies, however ONLY the States and Federal government are restricted by the constitution in issuing money in gold and silver only. As a private bank I should be allowed to offer wheat receipt notes, backed by wheat, or whatever other commodity people are willing to accept. RP thinks though, from tradition and history, it has been shown the people will tend towards currencies backed by gold and silver only and not want a ‘copper’, ‘what’, ‘oil’ or any other tangible asset backed currency.
The MPE guys are saying “its the money changers its the money changers!” when talking about a gold standard. However they miss the point that the only reason money changers (or government) can get power under a gold standard is when the gold is exchanged for paper receipts, and fractional reserve banking is allowed. (hence the Feds not allowing a full audit of who owns the gold at Fort Knox. The question is not if the gold is ‘there’, as I’m sure most of it is, the question is, “who owns it?”. Since your FRN is not redeemable in gold anymore, you sure as hell don’t own {have claim to} any of that gold).
Fractional reserve banking is by its very nature, a fraud. If I pay you for your car in gold american eagles, you are getting the gold there and then. If I pay you in a gold receipt, you are trusting that, when you take such bearer coupon/receipt/gold claim to the bank that they have sufficient gold to produce such gold on demand. Now if the gold claims are issued by numerous banks ,there is a limited amount of damage that any one bank can do {if any one bank had to issue fraudulent gold receipts that is}, if however if banks are centralised in a cartel (ala 12 Federal Reserve banks), the fraud can be perpetuated for a very long time along with legal tender laws to force the public to accept the ‘gold receipts’ irrespective of whether they are ever redeemable for gold. We then we have the same situation, even under a gold standard, as we do now.
Bernie Madoff managed to pull of a $20bn ponzi scheme over 30+ years. Imagine how long you could pull off a ponzi scheme if you had $14 trillion.
Report this comment
Like or Dislike:
1 
0
Libertarian777
Wow, just imagine if our Government were forced to RETURN our gold back to the citizens at the original redemption price of $20.67/oz
Lets do the math…
Population in American 321,591,555 minus illegals = 300 Million
Ounces of Gold in Ft Knox (supposedly) 146 million
Ounces per Citizen = .488 /oz for every AMERICAN citizen (emphasis added)
At a cost of $10.06 each .488/oz
Current Market price of gold $1,375/oz, thus each American will receive $670 of gold for a $10.06 purchase… WHAT A DEAL
Seriously… a gold standard is much more and deserves a honest debate in the public forum and should be considered to replace the FED’s monetary tyranny!
A Constitutional Gold Standard “Sound Money”
http://mises.org/daily/4915
Report this comment
Like or Dislike:
0 
0
Please go to this site and tell me what you think about Byron dales videos on Gold standard called Gold Standard Debunked. http://www.youtube.com/user/TheByronDaleChannel#p/a/C1BDC7CCD8684C7F/0/9E0UPBtmTb0
Report this comment
Like or Dislike:
0 
0
LIBERTARIAN AND ALL WHO READS THIS Please go to this site and tell me what you think about Byron dales videos on Gold standard called Gold Standard Debunked. http://www.youtube.com/user/TheByronDaleChannel#p/a/C1BDC7CCD8684C7F/0/9E0UPBtmTb0
Report this comment
Like or Dislike:
0 
0
how fucking sweet would it have been to be one of the people birthed by this amazing man
Report this comment
Like or Dislike:
0 
0
this is a fucking chess game! Be very careful about trusting in any one! Just what if Ron Paul is another pond being used to persuade americans to shift direction toward the new world order unkowingly or nowingly? Just what if this is what they want to happen…I don’t trust the congressman…People pay attention, he is apart of the shit…Don’t trust focus and be very analytical of all pieces on the board or else, checkmate!
Report this comment
Like or Dislike:
0 
0
Gold alone is not the answer – if gold back currency is backed by gold to 100% then this gives power from the Central Bank (which has some democratic oversight, because the Govts & University & Army can shut down the Central Banks) to private Gold spectualators, with no democratic oversite.
The Central Banks with their fiat fraction reserve system did cause the crisis but the answer is a currency like the Euro, which is backed by gold energy & food stocks i.e gold and a basket of goods.
Report this comment
Like or Dislike:
0 
0
Gold alone is not the answer – if gold back currency is backed by gold to 100% then this gives power from the Central Bank (which has some democratic oversight, because the Govts & University & Army can shut down the Central Banks) to private Gold spectualators, with no democratic oversite.
The Central Banks with their fiat fraction reserve system did cause the crisis but the answer is a currency like the Euro, which is backed by gold energy & food stocks i.e gold and a basket of goods.
Report this comment
Like or Dislike:
0 
0
If Dr Paul was the President he would be Assassinated, So the Elite Shadow of the Talmud Religion has only made time on there side, As always the Belief system in the US has not changed until this BELIEF over LOGIC is an issue you don’t have Hope
Report this comment
Like or Dislike:
0 
0
We have hope! Proper representation can cancel out the power of Talmud Zionist. They are fools and need to be curbed.
Remember that the chosen are not perfect but are the ones who seek to carry on civilization towards the Kingdom of God on Earth through the intervention of Christ. Everyone needs to understand that the Chosen are not just perfect ones, they are just the Birth Right Harbors of preservation. From every tribe of Humanity that has ever evolved on planet earth. They will, as survivors, provide a way for our Christ loving spirits to resurrect.
The book of the living belongs to those who Naturally seek knowledge and do their part in creating a sojourn that facilitates individual advancement. It matters not what race you belong too, we are all Gods Children! Christ is for all and the Kingdom of God will Come to Earth.
Report this comment
Like or Dislike:
0 
0
well it is a toss-up weather a new concept will net out with more employees or less. no guarantee, but 1 in a 100 is great odds when there’s over 20 million out of work. That one person may be the next Google which did start in a garage as did HP and Apple. to employ 10s of thousands. but ya never know.
Report this comment
Like or Dislike:
0 
0
well it is a toss-up weather a new concept will net out with more employees or less. no guarantee, but 1 in a 100 is great odds when there’s over 20 million out of work. That one person may be the next Google which did start in a garage as did HP and Apple. to employ 10s of thousands. but ya never know.
Report this comment
Like or Dislike:
0 
0
well it is a toss-up weather a new concept will net out with more employees or less. no guarantee, but 1 in a 100 is great odds when there’s over 20 million out of work. That one person may be the next Google which did start in a garage as did HP and Apple. to employ 10s of thousands. but ya never know.
Report this comment
Like or Dislike:
0 
0
well it is a toss-up weather a new concept will net out with more employees or less. no guarantee, but 1 in a 100 is great odds when there’s over 20 million out of work. That one person may be the next Google which did start in a garage as did HP and Apple. to employ 10s of thousands. but ya never know.
Report this comment
Like or Dislike:
0 
0
What happened in 1980 was a violation for the whole precept of US Constitution and the Founders idea that property rights are above all others as an inalienable human right. These rights are reiterrated throughout history to the current UN Bill of Rights.
Report this comment
Like or Dislike:
0 
0
What happened in 1980 was a violation for the whole precept of US Constitution and the Founders idea that property rights are above all others as an inalienable human right. These rights are reiterrated throughout history to the current UN Bill of Rights.
Report this comment
Like or Dislike:
0 
0
“So the “new” tech itself that took the workers job was made obsolete…by whom? the laid off worker”.. Are you suggesting that the unemployed will come up with even better automation solutions for businesses? This might happen, but I think it’s a rarity. Most people would spend their time looking for another job to provide for themselves. Even if it does happen, the 1 person out of say 100 who got laid-off doesn’t make-up for the other 99s financial ruin.
Report this comment
Like or Dislike:
0 
0
I’m sorry, I didn’t really understand what your argument was. Could you please elaborate? I don’t think ‘the owners can do everything by themselves’. I think that the owners can gradually automate their businesses to the point where employment is minimized in terms of wages and jobs. This is a good thing in the sense that less human toil is involved in such tasks, but bad in the sense that the people whose jobs are displaced are then put in financial jeopardy that often ruins them.
Report this comment
Like or Dislike:
0 
0
Can the owners do everything by themselves? NO. They need people to implement their vision.
And that’s how the concept of employment comes about.
Report this comment
Like or Dislike:
0 
0
We are at a crisis stage in America and the world, the final clash of two opposing schools of thought: Keynesian and Austrian Economics. The Federal Reserve is a child of Keynesianism, a printing press responsible for weakening free markets, inflating govt and money and the boom/bust cycle. Austrian economists believe in money backed by commodity which RESTRICTS the scope of govt and empowers free market operation. Read ‘What Has Government Done to Our Money?’ for a clear picture of the Fed.
Report this comment
Like or Dislike:
0 
0
We are at a crisis stage in America and the world, the final clash of two opposing schools of thought: Keynesian and Austrian Economics. The Federal Reserve is a child of Keynesianism, a printing press responsible for weakening free markets, inflating govt and money and the boom/bust cycle. Austrian economists believe in money backed by commodity which RESTRICTS the scope of govt and empowers free market operation. Read ‘What Has Government Done to Our Money?’ for a clear picture of the Fed.
Report this comment
Like or Dislike:
0 
0
Ron Paul is right. The Fed will end itself before we hold these crooks accountable. We don’t need a “Gold Standard” because we ALREADY HAVE ONE, and that is why gold and silver are shooting way up compared to worthless Fraudulent Reserve Notes. We do need competing currencies, and gold and silver should be traded at banks the way they were in the US years ago, What we need are ways to trade without the banks involved.
Report this comment
Like or Dislike:
0 
0
You don’t understand what the Gold standard is. Nixon took us OFF the gold standard. Our money has been worth LESS ever since. Look up “Nixon Shock” if you want to inform yourself a little.
Report this comment
Like or Dislike:
0 
0
I say you’re right! and I think you’ve tapped on the very essence of the issue…”expectation”… we’re expected to be an X and not a Y. the economy is not and “end” or goal, it is a means to an end. The big question here is what is the goal? to make a few rich and impoverish the rest? to make sure everyone is secure in their liberties? what is the goal? self preservation? why are we busted or heads and backs over this crap? fear? love?
Report this comment
Like or Dislike:
0 
0
I say you’re right! and I think you’ve tapped on the very essence of the issue…”expectation”… we’re expected to be an X and not a Y. the economy is not and “end” or goal, it is a means to an end. The big question here is what is the goal? to make a few rich and impoverish the rest? to make sure everyone is secure in their liberties? what is the goal? self preservation? why are we busted or heads and backs over this crap? fear? love?
Report this comment
Like or Dislike:
0 
0