12 responses to “Ron Paul Subcommittee to Explore Restoring Sound Money – September 13 at 2:00 pm ET”

  1. Mike Weaver

    I like most of Ron Paul's message, quite a bit, but this money point has me quite scared. It is on some ways refreshing, but is also a very risky game. Credit squeezes are real, like a run on the bank. Money is a very funny thing. It works because it works. It depends on confidence. I like FDIC insurance.

    Just now, confidence in the Euro and it's survival is is causing real contraction of business as European banks dis-invest to re-capitalize because the rest of the world is pulling it's wealth out of their banks. People re-allocate based on fear and not on economic value. The Euro Zone is very much trying to not print money. In their case, they can't win either way because they are not one political entity, one people. We are. So is the UK and the pound.

    Just now, the Dollar and the Pound are fine.

    Financial instability and loss of confidence is a bell that can't be un-rung.

    I need to learn more about his argument and proposals.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  2. Jeff

    Stop and think, would the government have more power over the dollar if it was backed by Gold or Nothing ? Nixon was dirty back in 1960, and even earlier, he only wanted power; nothing else. Nixon wasn't upset about the exposure of Watergate, he was upset that he sold his soul to evil which later stripped him of the power he had; and left him with nothing.

    You see, it's simple, you pump yourself up to being the almighty, and you then understand you can have control over everything you wish. When he was tempted into this power by just going along with the Fed. to abolish the Gold Standard, he failed to see one little piece of understanding: "There is no honor among thieves !" The Fed's knew he would take the "rap", but they would take the power; what a clumsy idiot....no wonder he died early, soon afterwards !

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  3. Donnie K

    ok, well I actually agree with you on several, (in fact possibly ALL) of your points. Again, watch "the secret of oz" and you will see that they seem to agree with you as well, however, consider this: Is a resource based currency a bad thing, if it's NOT the only option? Suppose the fed continued its monitary system as is, WHILE a congressionally monitored resource based currency is issued and managed by another agency? It only hurts those who would profit by the loss of users of either. The fed now needs to make use of their "dollars" more attractive to keep people using them. Now Imagine there are three types in YOUR particular state: I'm in Washington. I can choose to get paid in current fed money, or congress created resource backed money (gold or silver backed or what not), OR I can choose to get paid in WASHINGTON currency managed by the state, who's value would be based of this regions production and asset values. (Like you say, are Washington's people getting off their ass and making anything that creates value in their currency?) And suppose Idaho also decided to make their own money.. I could get paid in Washington money, or either of the others, and then after learning that people in Idaho are busting ass and their dollars are worth more than Washington's, I can exchange my Washington money for an amount of Idaho money of equal relative value. (like exchanging our money for Canadian money for example.)

    My point is that on the surface NON of these monetary types are "the one" or are particularly evil. It is as you say: it is who is controlling it that will determine it's value regardless, and if THAT'S the case, ALL forms of currency are EQUALLY corruptible. That said, the only thing that makes sense to me is to allow as many types of currency to come into being as there are legal entities with a desire to make them (states, feds, etc). Because if that happens, it suddenly makes no difference if one currencies managers corrupt the one they create or just royally screw up their monies value. I'll just stop using it and switch to another. And when a bunch of others do the same and happen to also choose the same one I did, it will be come worth more. This is done everyday on the money exchange. Look at Forex.com for example, where you can buy and sell other countries money in exchange for US dollars and such. I'm just saying what would remove problem that our currency have now, once and for all, is NOT the replacement of ONE corruptible monetary type with another ONE, but rather allow a bunch of them, all in different types and flavors with different managers (private (fed) OR congressional) to exist, in order to be able to afford us the luxury of not having to care so much when one type or another chokes, for whatever reason. Options. That's what will save us from NO options.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  4. Douglas

    All mediums of exchange represent people’s willingness to get up off their ass a do some work. The values of mediums of exchange ultimately are resolved upon the power of working people’s desire of the exchange. What you are being stifled by is simply all the speculators of projections issued by ignorant Federal Reserve Notes and the supposed market value of their leveraged assets.

    What is interesting to me is that the market value of real-estate given by the respective jurisdictions of US Counties and Cities is always much lower than what real-estate tycoons ask. Why is this? Because they are listening to the wrong people.

    Think logically, the governing bodies that provide sound systems of law abiding regulations base their valuation upon what their surrounding population of working peoples generate. If real-estate folks follow over speculative markets and sell they will only create and establish an unsustainable economic system. If developers listen to their respective jurisdictions they will value their real-estate into a system of sustainability.

    In 2008 three very powerful political men met behind closed doors to deal with the fact that the over leveraged issuance of speculative systems valuations have over exceeded their valuation. What happened? This is where you all need to listen up and stop being antagonized by the media. This is where tax money, blood sweet and tear money that righteously passed through our system of monetary policy was raped in order to satisfy all these stupid greedy scoundrels who do not have a clue about what it takes to run a sustainable US Constitutional Currency.

    Basing mediums upon precious metals is not the answer. If the current ludicrous global economic system control by a private group of families was to base their ludicrous issuance only upon precious metals all hell would break looses. What we only need is proper representation. That’s it, nothing else. That is what the US Constitution was intended to provide for each individual citizen.

    I am not at all afraid of theses power brokers or their ties to demonic central banking families. What is important to me is that you as individuals see what they have done and so you can see why we need to stand up to true constitutional monetary policy.

    Yes, perhaps me and Ron Paul may have some disagreements. But for me I will say that I feel that he is the only player that can start US back in the right direction. Basing mediums of exchange upon precious metals is barbaric and unsustainable. We are now moving into and age where the working class will be and always be properly represented.

    Unfortunately we will have to experience the collapse of the ‘something for nothing usurers’ ludicrous system. So, please be preparing for the worst but ready for the best.

    All mediums of exchange represent people’s willingness to get up off their ass a do some work. The values of mediums of exchange ultimately are resolved upon the power of working people’s desire of the exchange. What you are being stifled by is simply all the speculators of projections issued by ignorant Federal Reserve Notes and the supposed market value of their leveraged assets.

    What is interesting to me is that the market value of real-estate given by the respective jurisdictions of US Counties and Cities is always much lower than what real-estate tycoons ask. Why is this? Because they are listening to the wrong people.

    Think logically, the governing bodies that provide sound systems of law abiding regulations base their valuation upon what their surrounding population of working peoples generates. If real-estate folks follow over speculative markets and sell, they will only create and establish an unsustainable economic system. If developers listen to their respective jurisdictions they will value their real-estate into a system of sustainability. Thus much less mortgage defaults.

    In 2008 three very powerful political men met behind closed doors dealt with the fact that over leveraged issuance of speculative systems valuations has over exceeded their valuation. What happened? This is where you all need to listen up and stop being antagonized by the media. This is where tax money, blood sweet and tear money that righteously passed through our system of monetary policy was raped in order to satisfy all these stupid greedy scoundrels who do not have a clue about what it take to run a sustainable US Constitutional Economy.

    Basing mediums upon precious metals is not the answer. If the current ludicrous global economic system control by a private group of families was to base their ludicrous issuance only upon precious metals all hell would break looses. What we only need is proper representation. That’s it, nothing else. That is was the US Constitution was intended to provide for each individual citizen.

    I am not at all afraid of theses power brokers or their ties to demonic central banking families. What is important to me is that you as individuals see what they have done that will never work and that you need to stand up to true constitutional monetary policy.

    Yes, perhaps I and Ron Paul may have some disagreements. But for me I will say that I feel that he is the only player that can start US back in the right direction. Basing mediums of exchange upon precious metals is barbaric and unsustainable. We are now moving into and age where the working class will be and always be properly represented.

    Unfortunately we will have to experience the collapse of the ‘something for nothing usurers’ ludicrous system. So, please be preparing for the worst but ready for the best.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 1 Thumb down 0

  5. destiny

    Ron Paul 2012

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 2 Thumb down 0

  6. jas

    Does anyone know the scoop on this?

    http://www.disinfo.com/2011/09/ron-pauls-campaign-mastermind-died-of-pneumonia-penniless-and-uninsured/

    It mostly looks like b.s. I had not heard of disinfo, not sure on the accuracy or reliability.
    The crap about the debate comment I realize are crap.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

  7. Riccardo

    Question from Australia:

    Our currency has been tracking gold for some time now but is not backed by it.

    I'm wondering whether the below would work.

    Our Treasury could issue paper money with a gold promise printed on it. But the Treasury would have to run a shop, open 9 to 5 every day, where you can swap the paper for real gold weight for weight on demand. No questions asked.

    That way, people can keep using paper without fear or panic and the government can't spend money it doesn't have. If anyone did try a run the government could invite people to come down to the shop and trade their paper for real gold, which the government would have equal to its commitments.

    I would also run the shop as a bank for private savings of small depositors so that the general public doesn't have to put up with the sharks who run the big private banks.

    Once this was in place,I would then completely deregulate the big private banks - anyone willing to risk their money with them, but who can't come crying to government when it's gone.

    There would be a divergence over time between the 'real economy' which actually would be real, and the other, which would be false promises and fraud.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

    1. Donnie K

      Well thats pretty much what we did here at first, but then we switched over in the middle of the night when no one was looking. (Ron could probably educate you on that more than I could, and as I said, it would be well worth your time to watch "the Secret of Oz". It is pretty damn educational and will give you a great history of how we lost the very monetary system your almost describing, and it also explains why a resource based monetary system could be just as potentially dangerous. I think the fed should not only be audited, I think that they should have significant charges pressed against them and any member of any "club" like the Council on Foreign Relations who attempts (and apparently seems capable of succeeding) to subvert our contract (called the constitution) should have formal charges of treason press against them. Clearly there is a case for this. But who do you find who is legally able and willing to successfully pull THAT off? neway - strongly recommended: "The Secret of Oz". I didn't really care about the whole mystery of the authors motive of writing the story, but the info about the fed and other monetary systems is awesome. And after seeing it I believe the only safe monetary system we could actually have here would be one with several competing currencies (including the fed, or a better version of the federal reserve, if they can operate on the level, which is doubtful but it would probably be easier to allow them to operate in FAIR competition than to boot them outright. (recommending reform if it stays, and it should be allowed to stay only if other state or other currencies become legally available in an american money market. Like I said, it you do it this way, currancies will come and go, some will live and some will die, and you treat them like any other institution or corporation: no monopolies, fair trade agreements, and let them compete. This way, when one dies because no one is buying it's version of coinage, it's no big deal. There would be others that should be doing better, and confidence in one particular currancy or another would be at the high end, and would be the one (or more) that would eventually become the norm. Some can be based off gold or silver. Some could be like our current system, which would work ok if the government hadn't devalued it, but thats the point. Technically, it's THEIR currancy, not ours, we just pay to use it. And thats what I mean. It's their right to adjust its value to whatever they see fit BECAUSE they own it. There is only two reasons right now why it doesn't work: It isn't a currency that is being monitored by our actual government in a meaningful manner, and two, it's there only legal option we have so when it chokes as it is right now, we do not have other choices available offered by privately owned bankers, who operate according to a strict and fair government policy, or as I said paper money offered by state OWNED federally monitored banks. You would want an honest institution who would monitor each currencies value in order to be able to accurately compare and report their values against each other. If you think about it, almost any collectible item at all can be a currency. I know people who have trading cards and other collectibles that is almost used as a currency. really anything that another person found valuable IS a form of currency, just not a state or federally approved form. But if I say I'll give you my car for your trading card... Thats a form of commerce. (In fact if you start to understand the U.C.C. EVERY action is considered commerce. Jesus. I should write a friggen book, huh? People could use it to store their spare dust and spider webs.

      Likes(0)Dislikes(0)

      Report this comment

      Like or Dislike: Thumb up 0 Thumb down 0

  8. nader paul kucinich gravel mckinney baldwin ventura sheehan

    Dr Ron will never just sit and wait.

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 2 Thumb down 0

  9. PeoplePower

    Musical money great idea lol, Ron Paul can solve any problems Bernanke has made.

    Go Ron Paul :-)

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 3 Thumb down 0

  10. Donnie K

    I was wondering what Ron Paul thought about the claims made in a documentary called "the secret of of", in which some people who seem semi intelligent claim that the problem with our "fake" money isn't that its not backed by gold, but rather that it's value is not being controlled and protected by congress, and goes on with a very good explanation of why resource backed money is actually just as bad if not worse. I find Ron to be easy to agree with and think more people would if they stopped reacting to the "what" of what he is saying, and pause long enough to hear and understand the "why" of what he is saying. He actually makes a lot of sense if you stop and think about it logically. BUT - after seeing the secret of Oz, I wonder if resource backed money is a good idea. UNLESS: it is only offered as a choice. Allowing the Fed to continue it's little scheme wouldn't matter if it wasn't the only choice of currency we had. And if people were allowed to choose WHICH currency they wanted to use freely, money sources would be forced to compete, and it would be no different at a national level than it is currently on a global scale. We DO have a global choice of currency, and people trade dollars for yens, for example, all day long. There is no reason a similar situation couldn't happen here, at a state level. I wouldn't mind terribly getting paid in Canadian money because its currently worth more. And I would even consider current federal money if it was worth more than gold backed money, or Michigan currency over Gold backed, if worth more. If Florida dollars are worth more than Utah dollars, I'd happily take them instead. But we don't have that. Because the fed (as you may have heard) is apparently has a monopoly on our spending power.
    -Anyway, its a pretty interesting documentary. Wondered what you thought. In any case I don't see a problem with resource backed currency as long as it's not regulated as the only legal choice of currency. Hell, let the fed have their money. If they can LEGALLY compete with other local dollars ran at state, tri-state, or other regional levels, then fine. (I just doubt they could, if they were forced to have to compete on even ground. Who would want one if it only buys you a quarter gallon of gas?)

    Likes(0)Dislikes(0)

    Report this comment

    Like or Dislike: Thumb up 0 Thumb down 0

    1. Donnie K

      (That documentary was called "The Secret of Oz" - sorry for the misprint. It's on Google video or YouTube somewhere. Anyone should be able to find it pretty quick if they want to watch it.) My point was to consider focusing less on resource backed money as the only potential option to the Federal Reserve, but instead slowly replace that stance with as a powerful option among many soon to be legal currencies, which would be approved, printed, and managed at least at state levels, if they chose to do so.

      Likes(0)Dislikes(0)

      Report this comment

      Like or Dislike: Thumb up 0 Thumb down 0

Leave a Reply