159 responses to “Ron Paul: I’ll Vote Against Raising the Debt Limit”

  1. delquattro

    TMM makes the case that the owners of the Federal Reserve own most of the gold, already, and by going to a gold backed currency we are playing into their hands. Finally, it certainly is congress' job to control the money supply - that is how you "regulate the value thereof."

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  2. delquattro

    I have referred to the movie, The Money Masters already, and they make the case, historically, that fiat currency, in and of itself, is not bad. It is fiat currency issued by banks, as debt instruments that is bad. "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;" The purpose of money is to facilitate commerce, and many argue that the finite amount of gold in the world will stifle our world economy.

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  3. MrPloppy1

    In no way did the founders intend congress to have control of the money supply. Congress was given the power to coin money not create it. A person could take raw gold to the US mint, the mint would press the gold into as many coins that it would make, take a small amount of gold for their work and hand the new coins back to the person. A dollar is a unit of weight of gold & silver (see Coinage Act of 1792). Setting a uniform weight is what is meant by regulating the value of a coin.

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  4. Marco Carbajal

    They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  5. Marco Carbajal

    They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  6. Marco Carbajal

    They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  7. pollo1970

    They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  8. pollo1970

    They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  9. pollo1970

    They're just using him and his libertarian philosophy in their campaign to try to undermine Obama and his big government approach. However, notice how Fox was eerily silent during the Bush administration's profligacy. But watch out. If Paul runs for president again and starts making headway, Fox News will turn on him quickly to make way for some 'neo-con' like Palin or Romney.

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  10. Iain1962

    The USA is not the only country in the world, in case you had forgotten. Money is universal, and we all have evil central banks, the problem is global the American Constitution is not relevant except to your internal affairs.

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  11. Iain1962

    Haha

    what a retort, although we are in agreement but with a slightly different perspective you still feel the need to hurl an insult.

    International trade can be carried out in any currency, the important thing is that both parties are in agreement with the medium of exchange. Local trade can be regulated by the rules of the local currency, however you can still barter, so once again, it is people that determine the value of the currency.

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  12. Iain1962

    Haha

    what a retort, although we are in agreement but with a slightly different perspective you still feel the need to hurl an insult.

    International trade can be carried out in any currency, the important thing is that both parties are in agreement with the medium of exchange. Local trade can be regulated by the rules of the local currency, however you can still barter, so once again, it is people that determine the value of the currency.

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  13. delquattro

    You said the market, which has nothing to do with the constitution, should determine the currency, and it's value. I was more specific, but I am glad I could help you express yourself.

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  14. Iain1962

    So you went a long way round to agree with me. "The money supply would be dictated by the people".

    As it should be, we don't need a central bank, th only people that benefit from that are corrupt politicians, and there's plenty of them.

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  15. delquattro

    The founders intended for congress to determine the value, and coin money, which would include determining the money supply. The money supply determines rates. The online video, "The Money Masters" documents the times when fiat currency works, and it wasn't under the control of a private bank. Private banks are the problem. If congress were not owned by the private banks, and instead, were answerable to the people, then the money supply would be dictated by the people, ultimately.

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  16. 0BS4U

    Knowledge = POWER, Power = KNOWLEDGE... Curious? Please Visit: kip6.blogspot.com

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  17. pureaggression

    dont act like thats not conventional wisdom though.

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  18. thomasmoonman

    Ron Paul is the only hope. By the time his ideas take hold in the form of todays future politicians it will be too late If he himself dosent get into office in 2012/

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  19. Iain1962

    Almost, the currency and its value should be set by the market not the government. Business is all about exchange, the people doing the exchanging should decide on the medium of exchange and the govt should only be an arbiter in case of conflict, not the setter of rates and provider of the currency.

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  20. comcam

    I pray the new members look to Mr. Paul for guidance

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  21. obSCENEoneTW0

    why does it get cut off?

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  22. delquattro

    Based on the video, it seems abolishing the Federal Reserve, following Milton Friedman's advice, the congress could gradually issue US currency, and as the money supply is replaced, migrate away from fractional reserve banking toward 100% reserve banking, which would keep a lid on the inflationary risk of the worthless Federal Reserve Note.

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  23. delquattro

    At one time, in England they used a piece of wood to represent money. That system worked so well it was used for over 700 years. Another time was in the colonial period, and the last time got Lincoln killed. Knowing that Paul often refers to "sound money," I wonder if he hopes to return to a gold backed currency. The makers of the video point out that the Rothchilds likely have the gold market cornered, and going to a gold-backed currency would play right into their hands.

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    1. Libertarian777

      Ron Paul wants to legalise COMPETING currencies. If you want to buy sell stuff with a tally stick, you would the right to.

      If I wanted to work for 20 pieces of silver a week, that should be my perogative.

      He's said this repeatedly. Clearly the message is not getting through.

      He stated that the constitution allows gold and silver only to be issued as currency by the State (but says nothing of private corporations/individuals issuing their own currency in whatever they wish).

      He's also stated that history has shown that gold and silver are what people revert to (700 years of tally sticks? gold and silver's been used as currency for over 5,000 years).

      As far as the Rothschild's having the gold market cornered, the only way anyone could gain control of the gold market is if the government centralised the gold storage, issued receipts against such storage and then fractionally reduced the proportion of gold per receipt, while maintaining the face value of the note. Oh wait, they already did that.

      If you have pure gold coins you use, while cumbersome, you physically hold it, once you give it in trade for something else, that other person has the physical gold.

      This is why when people now are talking about buying gold and silver ,they mean physical coin, NOT the GLD/SLV ETFs.

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  24. delquattro

    I would like to hear Ron Paul's reaction to the online video, "The Money Masters." This video is a long, in depth examination of money over centuries. The producers of the video assert that fiat currency in, and of itself is not bad, it is allowing a private bank to sell the currency to a country that is destructive. In the video they show several instances where fiat currency was issued by the state, and it worked well.

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  25. AJJONES

    THE ONE THING !....THE ONE MOTO THAT WE ALL CAN GET BEHIND AS OUR COMMON GOAL, BETWEEN ALL TEA PARTY MEMBERS .
    " REINSTATEMENT OF THE CONSTITUTION " !
    ALL OTHER ISSUES WILL BEGIN TO DESOLVE OR REPAIR THEMSELVES IN THE PROCESS OF, REINSTATEMENT .
    AGREED ????!!
    DONT TREAD ON ME & NOW "REINSTATEMENT OF THE CONSTITUTION"
    MANDITORY ATTACHMENT OF THE ARTICLE AND SEC. OF CONSTITUTION GIVING SAID AUTHORITY ,TO ALL BILLS, WILL ASSURE THE PROCESS IS CARRIED OUT AND CONTINUED .

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  26. mogilny89p

    Debating corruption isn't going to legimitize it.

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  27. 79merkus

    As someone who would like to support Ron Paul and his ideas, I find it hard to do when he lends creedence to people like Alex Jones by appearing on their shows. It gives me pause.

    Please do not engage with him or his ilk in his conspiracy rhetoric and nonsense any further if you want my vote.

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  28. bhxinfected

    Bring our troops home! I agree with Ron, we shouldn't be policing the world.

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  29. drifterted

    Want to end the madness then claim 10 and don't pay your taxes. No need for violence except if the IRSS comes to your door.

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  30. 13AJJONES

    COMPLETE INSANITY ."....IS HOW THAT WOULD HAVE FINISHED.

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  31. yakyakyak69

    Stop the Corruption!

    REAL CHANGE is IMPOSSIBLE as long as the Fed, Fiat Debt-Curreny and Fractional Reserve Banking exists.

    The Fed gives corrupt crony politicians the power to borrow, debase & spend to buy “support” from Special Interest Groups, Too Big to Fail Corporations, the Military-Industrial Complex & Wall Street Cartels.

    Central Banking = Political Bribery & Cronyism!

    Watch: Money, Banking and the Federal Reserve" here on YouTube.

    Starve the Beast… END THE FED.

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  32. pooroldflick

    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies." Senator Barack Obama, 3/16/2006

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  33. pooroldflick

    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies." Senator Barack Obama, 3/16/2006

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  34. Hans de Jong

    Hi Ron,I am from the Netherlands and I read most of your mail and Iam verry much content with wat are you doing,if more would be like you whe should have a better world.And I also have the question wat are we doing in Irak and afganistan,we will not win in a hundred years.Why spend the money it could be spend a lot differend ways.The USA is bankrupt and if we follow Hillary Clinton we will also be bankrupt soon Gr Hans

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  35. MotesTV

    Lol, rofl, this guy....oh shit...this guy...lol...this anchorman opens up with "It's one of the arcane functions of government, raising the debt [ceiling]". My good gracious God, he really believes that the system of our government has so changed since the inception of such a concept as finite money that raising the debt ceiling is simply a burdensome matter of procedure. Like his tie, we have a debt ceiling out of tradition. Lmao, ugly american. Ron Paul melts his mind in the first few minutes.

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