13 responses to “Ron Paul on Obama’s “Elective Dictatorship””

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  9. hepette

    Ron Paul’s rationale for returning to the gold standard “one of the most dangerous ideas put forward by a politician in recent years.”

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    1. JoseG.Zelaya

      Why is it a dangerous idea? Please elaborate.

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      1. Liberty

        @JoseG.Zelaya If we had a gold standard again, the Fed wouldn’t be able to print more than what we had backing our paper currency. We would have to live within our means. We wouldn’t have this out of control inflation. And, our monetary system would be sound again. Ron knows what he’s talking about.

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        1. SKull

          @Liberty

          But you need a gold reserve to do that and as far as I know the Congress has been denied access to the Fort Knox vault for decades and can`t even get an audit of it.

          Sounds to me like it`s been lifted by the banksters long ago, in which case gold backing would be just another lie to replace the FIAT lie.

          In my opinion you don`t need it though. A publicly controlled institution like the treasury could issue credit based on population, productivity and for larger science and production drivers like a new space program, upgrades of the roads, rails etc and anything else it deems is in the public`s interest. This was how the US started out and how Germany managed to build itself up twice and why Ghadaffi was able to transform Libya from Africa`s poorest country to it`s richest. Yet another little detail you won`t hear in the MSM.

          If you read American history this was hotly debated in the 1890`s as well and the gold backed currency scheme came straight out of Imperial London. It had nothing to do with US traditions and still doesn`t in my opinion.

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    2. Citizen

      That is the typical belief of the Liberal Left who depend on the “printing press” to fund their Social Programs.

      Socialism can’t work with only tax collections, so incessant printing becomes the default means of paying for the redistribution schemes.

      The terminate result is always Hyper-inflation and institutional Unemployment both of which are becoming chronic.

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