Gold, Gold…. lol, Ron Paul obivously have no understand of a medium for trade. Gold not money, no more than silver or sea shell used by Native Americans. He on a false pursue that gold is more valuable than anything else, rather than understand that gold is an assets like a car or house. if gold was hard money, than why has it gone down in value in recent days like commodities are know to do when people find other assets to hold their wealth. Prior to Fed, the US was bail out by JP Morgan.
Like or Dislike: 0 0
so your definition of ‘money’ is paper bills backed by nothing created by the federal reserve. Gotcha.
paper and digital form can be gold backed, you dumbshit.
Gold IS money, but money doesn’t make the world go round, energy does. Just google it.
very well put great point
GOLD IS MONEY, and I think BERNANKE KNOWS IT. GO RON PAUL! END THE FED! You are fighting the BANKSTERS, keep it up!
You know nothing. The Great Depression was caused by banks extending credit without having the gold to back it up. When the public demanded their gold, the banks folded That is exactly what we have today – banking crooks counterfeiting money and extending capital out of a printing press. Counterfeiting money is *ALWAYS* what causes economic disaster.
People who had physical gold in the Great Depression did WELL. We need a gold standard to end worthless paper schemes & banking crook SCAMS
It looks like both of you know the problem is the current monetary system you just have different takes on the solution. Personally I don’t think a gold standard is necessary or prudent especially since gold can easily be cornered and besides that’s taking two steps backward.
Debt Free Currency would be ideal, but many U.S. leaders and politicians are undoubtedly influenced by banks and other interest groups.
Perhaps the U.S. should move to a policy of Full-Reserve banking or Free Banking.
Lol- that wouldn’t leave many dollars! The idea is to have as many dollars as you like, floating UNDER your gold reserves, the more you print, the less value each currency unit represents. Dollars will never be a store of value again- they are a medium of exchange. Gold will trade separately to currency, and it’s price will float above all currency in existence. So…governments can print all the money they like, but they will not get richer by doing so.
“We need a gold standard…”
No we don’t. That just makes things worse & it won’t stop speculation because the gold standard NEVER stopped ANY speculation that brought on any economic depression including The Great Depression.
Sure, we need debt free currency, but a gold standard would be no different from an oil standard. There’s a cartel ready & waiting to monopolize that one, too. It’s called international, privatized, central banking.
“There is no debt America owes to the Federal Reserve as its an unconstitutional criminal organization that has hijacked the nations monetary system.”
The Federal Reserve Act has withstood every legal challenge since 1913. Furthermore, all challenges to fiat currency using Article 10 as the basis for a gold standard have failed.
Now, just because RP is from Texas doesn’t make him a vigilante redneck & Mr. Magoo won’t put a gun to Ben’s head & say “up against the wall MF this is a stickup.”
Ben Bernanke is an asshole.
We need a gold standard without which banking crooks will continue to offload their gambling losses onto the backs of suckers. People who spend their whole lives doing real work, saving & sacrificing will be looted. Banking goons want to protect this corrupt system and bribe politicians to maintain the status quo as the theft benefits them.
There is no debt America owes to the Federal Reserve as its an unconstitutional criminal organization that has hijacked the nations monetary system.
your right but the idea is to have the dollar be worth one ounce of gold, rather than how many dollars are in circulation
Ron Paul doesnt have a hope as if someone will get in the US government that is anti-war lol
If your worried about banker BS worry about putting the country on a gold standard because that’s REAL banker BS.
RP knows the Treasury’s gold is in hock to the Fed (now, it just writes IOUs against GDP).
So, even though the Fed doesn’t own any gold (until the U.S. defaults on it’s debt), that gold is in limbo. Nevertheless it represents our debt (not credit).
Therefore, to go on a gold standard, RP’s only option is to borrow back that gold from the Fed which means LEVERAGING the debt.
“That is a lie because inflation is always and everywhere a monetary phenomena.”
Unless you can prove me wrong by countering my example from the 70’s with proof, your calling me a liar is bullshit.
To say oil hasn’t increased AT ALL because it hasn’t increased against an imaginary gold standard is a joke.
What you call “banker” BS is the libertarian clap trap of Forbes magazine & the Austrian School of gold-tard economics which measures everything against a gold standard that doesn’t exist.
Ahhh to hear the Quiver in banacke’s voice!! That in itself is GOLD!!!
That is a lie because inflation is always and everywhere a monetary phenomena.
Oil has not increased relative to gold. So why has it increased relative to dollars only? Here’s a hint : one can be counterfeited, the other cannot. The logic is simple but you want to make “banker BS logic” out of it.
The simple logic : Banking crooks offloaded their gambling losses onto the public.
The banker BS logic : The public demanded the gambling losses of banking crooks be offloaded onto their back.
Sign up to receive free email updates from the RonPaul.com grassroots with the latest news, videos and liberty action alerts.