182 responses to “Ron Paul: End the Fed by Allowing Competing Currencies”

  1. Rohan Santoo

    Gold is not the answer,because whoever controls the gold controls the economy.

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  2. Seraphim401

    Gold is not the answer,because whoever controls the gold controls the economy.

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  3. Seraphim401

    Gold is not the answer,because whoever controls the gold controls the economy.

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    1. Citizen

      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!

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  4. Citizen

    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 ???

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    1. Libertarian777

      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.

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      1. Citizen

        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

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      2. mark

        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

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      3. mark

        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

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  5. ManofWarMickey

    how fucking sweet would it have been to be one of the people birthed by this amazing man

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  6. dacianey3

    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!

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  7. The Western Rationalist

    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.

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  8. infokemp

    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.

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  9. infokemp

    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.

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  10. WarDogLRS

    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

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    1. Douglas

      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.

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  11. uturniaphobic .

    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.

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  12. uturniaphobic .

    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.

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  13. uturniaphobic

    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.

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  14. uturniaphobic

    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.

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  15. stpthreat1

    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.

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  16. stpthreat1

    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.

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  17. djancak

    "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.

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  18. djancak

    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.

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  19. gigiontube

    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.

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  20. S S

    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.

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  21. veradinx

    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.

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  22. WillSee11

    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.

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    1. Chuck Creighbaum

      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.

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  23. uturniaphobic

    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?

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  24. uturniaphobic .

    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?

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  25. djancak

    If the fast-food gets cheaper we'll probably get as a nation even fatter and unhealthier, too! That's besides the point though. This concept of employment and money that seems to expect everyone who comes into this world to have a useful function... I guess my argument is that I don't see how that can be practical if we want to have full production in an efficient manner, without tipping the scales of the economy completely towards the owners until they completely own the country?

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  26. JJbubbs

    Because Americans are stupid. LOL

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  27. geehuckwow

    Economy?? Hey, lets make it legal to work and own a home. If these necessities are taxed, then they are illegal, and regulated by banksters and crooks. Regardless what happens with the fed or the dollar, if you tax labor and primary housing, you lose. Get real! The gold standard has nothing to do with anything. We haven't had a gold standard, and taxes go up and are ridiculous anyway. (It's called "theft"). Federal, state, county, and city extortionists - causing rape and child molesting, too!

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    1. Citizen

      geehuckwow,

      You are correct, its a Spend Thrift government gone mad with taxation on the essentials of survival.

      However we have to start somewhere and that starting point might as well be returning the Power of Sound Currency back into the hands of the Common Citizens.

      Once real tangible commodity money, is allowed to becomes a competing legal tender, the FED's "depreciating" paper money will eventually refused as payment.
      People want value and stability in their purchasing power. two things the FED is failing to provide given the heavy QE2 dilution the are engaged in.

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  28. Citizen

    Citizens of America

    The simple act of permitting "Competing Currencies" would eliminate the FED Reserves power to dilute and destroy our wealth.

    Citizens would be free to transact business in British Pounds, Euros or Yuans to preserve their purchasing power.
    BUT, a prudent citizen would likely hold gold and silver coin as the ONLY way to step out of the vicious government currency debasing policies which dilutes everyone's wealth.

    But the FED and its Member Banks are hell bent on taking your wealth and shoring up their house of cards. Make no mistake, WE THE PEOPLE are the sheep they are fleecing with their self serving spend thrift policies.

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  29. LORDOFWARS8

    Soinds weird ...but very true!!!

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  30. remsensor

    You know how some countries like Venezuala for example have that one supposed "president" or government this is supposedly a democracy but everyone around the world knows its a bunch of bull shit? You know how there is always that one guy all the people actually want to win the election against the dictator but some how don't? Well sadly, I am starting to think that Ron Paul is the guy everyone wants to win but doesn't. The u.s. is on brink of civil war and the world is close as well...

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  31. trulynot

    I get the feeling this guy is going to get bumped off, he is just too aware. :(

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  32. RonPaulWI

    End the Fed, End the IRS, Stop Property Tax and elect Ron Paul!

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  33. masflojo

    Wow, the mainstream media has been very fair to Ron Paul lately. Has hell frozen over? Too bad its taken so long for him to get the respect he deserves.

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  34. InfoSeeker93

    End Ron Paul! End Tea Party for being morons with 0 economic knowledge. Helping the Jews enslave us with a Gold Standard... Have you dumbasses have no idea what u all are trying to get us into? Fiat Currency is way better then a Gold Standard. If you dont understand economics then visit jewishracism.blogspot.com to learn it!

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  35. InfoSeeker93

    End Ron Paul!

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