Honest Money

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Henry Ford once said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Are you confused by all the talk about monetary policy, fiat money and inflation? You’re not alone. Bankers and politicians have worked hand in hand for many decades to obscure their activities from the public. They hide behind elaborate structures designed to inflate the money supply while creating the false impression that they are looking out for our best interests.

Inflation is a very simple concept to understand: More money = less value. It may seem contradictory but it’s very straightforward.

For illustration purposes, join me on a brief journey of the imagination. One beautiful morning, you wake up and realize that you own twice as much cash as you had just last night. Magic money elves entered your home and bank account and simply doubled your entire cash assets. You’re now twice as wealthy (or half as poor as the case may be).

But you soon realize that the same thing happened to everyone else in the country. The money supply (total amount of money) has doubled! It’s just a one-time event and your regular income remains the same… you just got lucky this one time. It’s okay to dream, so stay with me.

What happens next? If you’re like most people, you probably start spending. You buy things you always wanted to buy but couldn’t afford. You pay back some debts. You buy stocks. In other words, you put the new money into circulation. So do most other people in the country.

Demand for many products increases because a lot more people can afford them now. Consumers are buying so much stuff that some shortages occur. To protect themselves against these shortages, shops and businesses decide to increase their prices. They know that once prices go up, fewer people will be competing to buy the same products, and the situation will be back to normal.

As a side effect of these higher prices, shop owners start earning higher profits than usual. They have more money in their bank accounts, which allows them to increase their spending. They will invest in new stock or expand their business. They might pay out dividends to their investors and bonuses to their employees, allowing these people to buy more products as well. This additional demand puts even more pressure on other shops to increase their prices.

A few months later, prices of almost everything have gone up. Suppliers and manufacturers are faced with the same threat of too much sudden demand from their clients so they too decide to start charging more.

You went on a one-time buying spree and look what happened! Your income stayed the same, but after a few weeks you can suddenly no longer afford the products you used to buy all the time because all prices in the economy have gone up.

Naturally, you demand a higher salary from your employer. If you’re self-employed or in business, you have to charge your customers more money just so that you can maintain your standard of living. Everyone else is in the same situation. Higher prices keep spreading throughout the entire economy, and it’s getting more and more difficult to make a living.

Can you see how this lucky one-time incident which at first seemed so exciting was extremely harmful not just for you but for the entire country? You briefly had a good time but now you’re worse off than before. In our story there are now twice as many dollars in circulation, but your income remains the same and each dollar you earn is worth only about half as much as it used to be. You’re really hoping for those money elves to come back.

As a matter of fact, some people, companies and banks have managed to develop an inside connection to the “money elves”, allowing them to receive new money into their bank accounts whenever they want to. The money is officially a loan (credit), but they know they never have to pay it back… they just “roll it over”, i.e. take up even more debt. With all that easy money in their accounts, and after hearing on TV that stocks only go up and that real estate prices will continue to rise forever, they tend to get a bit lightheaded and start making bad investment decisions. They know that if anything happens to their investments they will be bailed out by the government, so they do not hesitate to take huge risks with their new found “wealth”.

Let’s stop dreaming and look at the reality of things. What if I told you that these “money elves” do exist and that they spring into action not just once in a lifetime, but every couple of weeks? And that they repeatedly give money to their closest friends, but not to you? That prices are going up because the total amount of money in circulation increases, but that you’re missing out on all the fun?

Well, that’s inflation at work. Who benefits from inflation? Only those who are at the top of the pyramid and receive all that new money directly from the source. As you might have guessed by now, the source is the Federal Reserve, and its recipients include the government which “borrows” a lot of new money each year, without any intention of ever paying it back. Another beneficiary these days are failed banks that are being “bailed out” for the good of the “economy”, or defense contractors that receive money to build up our military so we can have a constant presence all over the world and fight never-ending and unnecessary wars. There was even a huge number of small-time beneficiaries who received consumer loans and sub-prime mortgages they would never be able to pay back.

What, then, is fiat money? It’s exactly what we just talked about: money that can be inflated or increased at the push of a button at the say-so of a powerful person or organization. Nowadays most dollars are just blips on a computer screen and it’s extremely easy for the Federal Reserve to create money out of thin air whenever they want to.

If our money were backed by gold and silver, people couldn’t just sit in some fancy building and push a button to create new money. They would have to engage in honest trade with another party that already has some gold in their possession. Alternatively, they would have to risk their lives and assets to find a suitable spot to build a gold mine, then get dirty and sweaty and actually dig up the gold. Not something I can imagine our “money elves” at the Fed getting down to whenever they feel like playing God with the economy.

As you can see, inflation and fiat money are very seductive and beneficial to those at the top, and very dangerous to everyone else and the nation as a whole. That’s exactly what Henry Ford was talking about. He knew that every country that relies too much on fiat money is ruined sooner rather than later.

There is only one possible solution to the inflation problem: Stop creating money out of thin air. But we’re already in such a mess that the only way to have a real impact on the money supply is to increase interest rates so that people pay back their loans and borrow less money from the banks, which decreases the amount of money in circulation. However, higher interest rates might very well crash the economy. So the Fed’s current “solution” to overcoming inflation is… creating even more of it.

Fiat money is a dangerous addiction. Even if the Fed found a way to stop inflation, as long as the current system persists the temptation will always be there to resume pushing the easy money button. That’s why we need to get back on the gold standard and eliminate the Federal Reserve altogether.

But that won’t happen “before tomorrow morning”, as Henry Ford said, or even this year. Ron Paul believes that the first step towards monetary freedom is to allow open competition in currencies. Once gold and silver are allowed as legal tender and can be sold without sales tax, everyone can use them to store their wealth and to pay for the things they want to buy. The Federal Reserve will finally have a very compelling motivation to stay honest and maintain the value of the dollar because if they don’t, they will simply lose all their customers.

Ron Paul has been an advocate of the gold standard and open competition in currencies for many years. He is the Federal Reserve’s most outspoken opponent in Congress and has frequently questioned Alan Greenspan and Ben Bernanke about the Fed’s actions.

Join the Ron Paul Revolution and help us put the Fed where it belongs: into the history books and out of our financial lives.

More Information

Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, the Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.

Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.

In this 1988 interview, Ron Paul talks about money, banking and the Federal Reserve, and predicts the current financial crisis.

Show: American Power Structure
Date: August 1988

Explanation of Fiat Money:

Here’s an amazing introduction to the history of the US dollar:

The American Dream Film:

Ron Paul Money Lecture Series — “What is Money?”


7,324 responses to “Honest Money”

  1. joe

    You people are just nuts. You couldn’t find your way home with GPS. You wouldn’t trust it!

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    1. Western Avenger

      GPS is based on science. Fiat money is based on deception.

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      1. Steve

        It’s not deception if you choose not to educate yourself.

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  2. Kevin Connolly
  3. Citizen

    The “transcripts” pretty much reveals the benign ignorance that is characteristic of the FED.

    “As was revealed by the recent release of the transcripts of the meetings of the Fed in 2006, central banking is a fraudulent institution where the men at the top act like deliberate ignoramuses. As the transcripts flagrantly show, it was not lack of information that made the authorities ignore reality but a deficiency of comprehension and an almost childish faith in model constructions. ”

    Models that are conceived on a Fantasia set of mathematics.
    Nothing they do is reality based, hence the results are almost always catastrophic.

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  4. DaveP

    Gold, the Petrodollar and Middle east wars:

    Connecting the dots, must read:

    http://www.caseyresearch.com/articles/will-iran-kill-petrodollar?ppref=GLD417ED0112B

    »crosslinked«

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    1. Citizen

      DaveP

      Good article and spot on about the “PetroDollar” monopoly that the US has had on the oil trade.

      Essentially the US had the “privilage” of being the reserve currency for decades but has “abused” that privalge by Inflation and Dilution of its purchasing power.
      So the pay-back will be a bitch…

      America presuring Iran to give up its nuke programs is a “side show” distraction and a pretense for National Security and a excuse to launch a premtive strike against Iran.

      More likely… Our Government is saying
      “how dare they disrespct the USD… the ONLY Legal Tender the world should us”
      And they will take Military Actions to keep it that way

      Well Guess What Uncle Ben…. your Money Laudering binge days are nearing an end!

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  5. Citizen

    Hey Patriots,
    Uncle Ben Bernanke has just announce that he’s going to “suppress” the natural interest rate at the FED for another 2 years plus.

    Yes Uncle Ben is going to cyber fabricate “cybercate” a few TRILLION USD’s backed by more “worthless” US Treasury paper to STEAL and DILUTE your money.

    So what part of GRAND THEFT don’t We the Sheeple understand?
    Hmmmmm ?

    Buy your gold and silver now while its still CHEAP!

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  6. rolyas

    you cant counterfit gold

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    1. flying eagle

      Latest news just came in : Ron Paul is running for President and Ron is looking for supporters , however Ron is still looking because his sight has been taken over by foreigners with there own agenda..

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  7. rolyas

    we need to enact laws to stop corporate takeover of small buisness for profit and end laws that allow agriculture giants to to patent dna strains of corn and other crops that kill the small farmer… corporations need limitations placed on themselves

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  8. john lockes ghost

    About 135,000 years ago, shortly after man dropped to the ground from the trees that he had called home and moved into their more resplendent cave abodes, there was approximately 5.3 billion troy ounces of gold on the planet. Of course, most, if not all, was still in the ground somewhere and it received little attention as man’s greatest worry at the time was to stay out of the way of Dinosaurs.Shortly thereafter, man began his epic journey out of the jungles of Africa to populate the rest of the planet. This grand migration lasted many thousands of years and during that time, people started discovering all manner of things such as, for example, that rocks contained some interesting stuff that sparkled and shone in all the colors imaginable. One of those colors was named after the stuff (or was it the other way around) , or maybe it was more than just one of the things found in rock. So it is, for example, that we have such things as ruby red, silver and GOLD. But as the world turns, we also started to have others things. As man became more sophisticated, he learned how to build things, some of which, he discovered, was quit useful in digging out the rock and crushing it to acquire the shiny things that it held. However, while the discovery of these shiny things, including GOLD, did not change one iota in the amount that the earth held, the tools used to dig out the GOLD, when added to man’s inventory of tools were put to much better use.among which was the development of civilization. Man conquered his environment in every conceivable manner , while good old GOLD just sat quietly by and….watched the world turn. The things that man now made would have dazzled our ancestors much more than a few GOLD trinkets and its worth, being the combination of the labor, material, intelligence, blood, sweat and outright genius of mankind far exceeds the worth of all 5.3 billion troy ounces of GOLD the world contains. GOLD is stagnate man is not.

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    1. Citizen

      @john lockes ghost

      Gold is merely a “TOOL” nothing more or less. It is a CONSTANT of Weight, an atomic element that cannot be synthesised or counterfeited and is STABLE. It is a Store of Constant Value, it doesn’t need explanation, it is commonly known. It is easily divisable and each division has a constant value based on its relative weight and measure of purity

      MONEY needs to have these very special TOOL qualities!

      NOT what some damned crook Politician or bald headed Bankster says some printed paper is worth.

      Cold is CONSTANT and Man is FICKLED.

      We need some constants in our world!

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      1. john lockes ghost

        @Citizen@john lockes ghost Ah, Citizen, if it were only that easy! Because man is inherently fickle and dynamic, he becomes self-conflicted when he thinks that he wants constants in his life. Moreover, while constants bring (some) men comfort, they deny comfort to others. Witness, for example, the British Aristocracy. Their idea of constancy was how they perceived mankind was ordered, identifying layers of humankind into various lifelong rolls. It was exceedingly good for those on the top and exceedingly bad for those on the bottom. Even so, it worked for quite a while, but, because of its constancy, was doomed to failure. Which brings us to the supposed classless society of the U.S.A. Designed to be an alternative to the constancy of an aristocracy, we vary our rulers periodically through their elections. At least, that’s the theory. However, some smart guys figured out how they could sabotage our government structure and with it, our election process and, thus, the practice of representative government. They changed the government’s original structure and its overarching philosophy from a republic to a democracy. Democracies, as Benjamin Franklin would be so happy to tell you, are proven failures and, unfortunately, it’s just a matter of time when it will be proven once again. That is, unless we repeal the 17th amendment. I hope that you understand the reason why this constitutional amendment is the ruination of our form of government, but to refresh your memory, check it out in Wikipedia.

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        1. Citizen

          I agree with the REPEAL of the 17th Amendment….
          But the problem of corruption still remains.

          State representatives electing their US Senators was a very corrupt process where most Senate seats were BOUGHT and SOLD to the highest bidder.

          Proving that T. Jefferson was correct, that a “Republic” requires honest and moral people to keep it.
          No representative form of government can be successful if its politicians are Self Serving SOBs.
          Which probably describes 95% of our elected representative.

          So YES…. I agree….
          But the “selection” process should be fashioned after the selection of a Vatican Pope
          ## An unpaid post,
          ##Restricted from talking to any Lobbiests and
          ##Taking direct orders from their State Representatives.
          ##Limit a single 3 years term

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          1. john lockes ghost

            Would the repeal of the 17th put a halt to government corruption? No, there are and always will be dishonorable office holders, but what it will do is up the ante. At present, a well healed special interest group can successfully steer the country through bribing a mere 51 individuals, however, were the 17th repealed, the numbers of politicians that they would have to successfully bribe increases to over 4,000. I like those odds much more that the current setup. Additionally, I very much favor the notion of restoring the structure of our government to its original form, including restoring the power of state governments. At present that power rests in the hands of lobbyists.

            As regards to corruption in Washington, I would remind you of the untiring lobbying that the United States Chamber of Commerce performed of the United States Senate to push through T.A.R.P. , or the obvious hold that insurance companies have over Senator Liebeman, or the consequence that a corrupted Senate has in approving members of the Supreme Court that gives free reign to corporation, even foreign corporations, to meddle in our election process. The insidious nature of the 17the amendment will be our ruination. One must also consider who profits and has profited by the 17th. In addition to the lobbyists, is the media. While the viewing public may find some of political adds to be amusing and especially so if the viewer supports partisan politics, the real joke is on them.

            Taking the discussion regarding the corruption of our office holders a step further, consider the fact that the average American citizen has a net worth of only $ 20,500 (excluding real property) while members of congress have an average net worth of $ 725,000 also excluding real property. Furthermore, congress treats itself as a special class passing laws that apply only to them and not to the citizenry as a whole. Sounds unconstitutional to me, what do you think?

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      2. flying eagle

        Right on citizen, you tell um, Oh and for all you children out there , There is lots of Gold and new gold mines that are producing gold on a regular basis, and Ron Paul isn’t some idiot who just stepped on the scene, Ron Knows what He is talking about, I guess we will just use new technology to mine new Gold mines. Ron Paul 2012 Revolution PS and don’t forget silver oh and if the feds get out of control again we might have an over abundance of copper bullion and copper coins ( oh my God what would we do then?)

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    2. flyingeagle

      @john lockes ghost HHHHAAAAAA HHHHAAAAAA LOL LOL Man fell out of a tree HHHHaaaaaa LOL 135000 years HHHaaaa LOL LOL

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      1. john lockes ghost

        @flyingeagle Happy to entertain you.

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        1. SomeoneSomewhere

          @john lockes ghost@flyingeagle

          Homo sapiens sapiens appears around 140 000 years ago, but our “race” genitors (the ancestor of modern primates and human) appeared around 4 millions years ago.

          I hope it will not became a trolling topic for creationism bigot and pseudo scientist (as i am -_-)

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          1. flying eagle

            creationism Bigot, do you mean if I believe in creation then I’m a bigot, Does that make God a bigot seeing as how he created me.

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        2. john lockes ghost

          @SomeoneSomewhere@john lockes ghost@flyingeagle Yep, but I was merely trying to show that gold is the same now as it was those many years ago and will be the same in future., while mankind has evolved and created things that are worth a great deal more than gold. So, I can’t really see any advantage in basing a monetary system on gold, or anything other item than people’s faith in the entities that produce flat currency. In other words, if you have faith in your country, then you should also have faith in its currency. Lose faith and you lose your buying power. Having said that, however, when your government ships your job overseas, after a time people will lose faith. So the curative is not a gold standard, but a return to industrialism by restoring the jobs that have been outsourced and off-shored via the misguided laws passed that enabled such treachery.

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          1. Allan from Skye

            In the short term I can see that gold and silver certainly look like the only show in town for protecting any wealth one might have from the impending total meltdown which seems to be an inevitable consequence of allowing a private central bank to have a monopoly on issuing money combined with the fact that they issue it in the form of debt,thereby concentrating the wealth in the hands of a few plutocrats.
            However,after having had a keen interest in such matters for years and following and supporting Ron Paul for years I was amazed to watch a you tube video called “the money masters” the other night,made by a guy called William T Still.
            I really think he has a good grasp of the situation and offers avery good solution.
            I know he wants to get together with Ron Paul to discuss the monetary problems because he says so on the video.
            I wonder if Ron Paul has seen that video and what he thinks of it.
            I think he,d really approve being a fan of Thomas Jefferson and Andrew Jackson.
            I say to anyone thats reading this watch “the money masters” on youtube and speak to your representative afterwards.

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        3. flyingeagle

          @john lockes ghost@SomeoneSomewhere@flyingeagle Gold is good and so is silver, get rid of funny money. Ron Paul 2012 Revolution

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    3. flying eagle

      I hate to break this news to you John but we are humans not monkeys or apes and we haven’t lived in trees except for tree forts or tree stands for hunting.

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      1. john lockes ghost

        You have your beliefs, I have mine. You have a right to your beliefs and I to mine.

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  9. SomeoneSomewhere

    Mr R. Paul, I followed your campaign from my home in France (I’m a french), and even if i don’t share your standpoint on the sovereign functions of the State and if we need or not a “strong” one, I think you seems to be the most suitable republican candidate to compete against Obama (I’m not saying I share your political ideas). Indeed, the others Republican pretenders to the role of the GOP’s representative for the presidency have no economic regards about the burning issue of “dollar’s main place” in the world economy. Inflation must not be a solution, it isn’t. And particularly: Dollar cannot be your money, and our problem. Even if making the dollar the international currency was a dramatically mistake of the end of the World War two (J. M. Keynes’ bancor would be implement, but what is done is done, we can’t return in the past). Rules rather than discretion as said Kindland in 1977, we do not let the renmimbi (Yuan) overturn the dollar which became too big to fail (with the known consequencies of the 2007’s crisis). But we cannot return to a Gold Exchange Standard due to the fact “Gold is a barbaric idol of the past”, reinforce Central Banks network, act for a fair monetary world: base of our economic prosperity, not only for USA, not only for Western countries, but for the world. An economic war must not be, or we would suffer again of the thirties’ crisis which mostly contributed to lead to the WWII. FED must work in friendship with the European Central Bank and not act against it, wrecking the euro, destabilizing our region (biggest market and economic power of the world following the data of the UNO). We must not shot our own foot each other, economic peace leads to prosperity, and prosperity lead to world development. From France.

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    1. Citizen

      @SomeoneSomewhere

      You Wrote:

      “But we cannot return to a Gold Exchange Standard due to the fact “Gold is a barbaric idol of the past”

      The “gold standard” is neither barbaric or an idol of the past. It is a PHYSICAL ELEMENT constant commodity that cannot be counterfeited or falsified. Unlike ALL Central Banks, gold cannot be easily manipulated by corrupt politicians to pay their political debts by printing paper lies.

      Government controled Central Banks ALL serve the governments at the expense of the People. Central Banks TAX the people with contineous INFLATION without the Consent of the Governed.

      If your Government had to TAX you for the money it REALLY SPENDS, you would scream bloody murder. So that’s why the Central Banks SECRETLY create debt money quietly diluting your Euros and our Dollars purchasing power.

      When they “print it” they are “stealing it”

      In simple English “THEFT”

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      1. SomeoneSomewhere

        @Citizen@SomeoneSomewhere

        You’ve forgotten just one thing: Gold is a speculative good, and what we need today cannot be what we needed forty years ago: In Gold Exchange Standard which lasted during the period the Frenchs calls the « Thirty Glorious » (Jean Fourastié’s expressions), the dollar was convertible into gold (35 dollar = 1 gold ounce) as a standard money in order to rule the change rates. But do you really think we have today the same money supply than forty years ago? http://upload.wikimedia.org/wikipedia/commons/c/c4/Components_of_US_Money_supply.svg We have no enough gold to be able to restore the GES (the world money supply has expanded so fast for decades that we’ve seen since the 2001’s crisis our financial and monetary situation become out of control). Do you really think today financial markets are a mirror of our real economic markets? No! It’s still a big bubble fuelled by the FED, the CBoC, and others world banks. « gold cannot be easily manipulated » It can ! Look at financial market gold rate, the speculation shows that gold became a good, not a value… Try to make it get out of the finance, lobbies would backstab you. Think about it: “We can transport all the gold we’ve excavated for seven thousand years in one boat” John Maynard Keynes. « If your Government had to TAX you for the money it REALLY SPENDS »

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        1. SomeoneSomewhere

          @Citizen

          Read the newspapers, the European Central Bank is independent, no government can and shall act on the monetary policy: We search stability: look at the incompatibility triangle of Robert Mundell, you will see a “truth”… maybe. « So that’s why the Central Banks SECRETLY creates debt money quietly diluting your Euros and our Dollars purchasing power. » This act is known but no one would publicly admit it, and create debt money “quietly” is no such a thing that fuelling a rampant inflation which will backfire in the future as in 1973 and 1979. And Euros is not diluting… the dollar is, look at the change rate… I’m not saying we should not restore the GES, but look at the facts, and only facts, gold has no place in our present world, we need another standard: palatinum? Joke! We need a global clearness on our monetary policy, furthermore, we need a standard, not gold, not a physical value, but a standard shared by the world biggest countries and ruled by an international organisation as the World Bank and IFM. Gold is not god, gold is a good, “ni plus plus, ni moins”. We need change, not a regress.

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          1. flying eagle

            your nuts (NWO ) currency, maybe a mark on the forehead or right hand would work huh, No thanks not for me , Ron Pauls plan is good. Gold and silver and end the printing press of the Federal Reserve.

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        2. Citizen

          @SomeoneSomewhere

          Dear French Citizen,

          1st, Thank You for taking your time to respond on this topic.

          <>

          Sure… that’s what they say, but the truth is far different. ALL Central Banks have become the hand maidens of the Political Elite. Central Banks CREATE MONEY out of THIN AIR…. certainly not to help the poor or destitute. NO, they create the money to benefit the Industrial Elites and the Big Special Interests at the expense of the “Shrinking Middle Class!”

          <>

          NO, both are being diluted equally, the exchange rate is an illusion game to make it appear that currencies are stable.

          Don’t be nieve… Government Spending Schemes ALWAYS depend on money creation to keep up the “illusion” of growth and prosperity, and eventually the ALL FAIL.

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        3. Citizen

          @SomeoneSomewhere

          — continued—

          <>

          <>

          Gravity “WEIGHT” is the only constant “STANDARD” that is not subject to fraud or human manipulation.

          Governments are made of People and people are corrupt!

          <>

          Yeah sure… a New World Order currency,

          “where no one may buy or sell lest he has the Mark of the Beast”

          Revelations 13:17

          You’ll get your “Change” and it will cost your freedom and life

          The common flawed thinking is that people believe that Money needs to be MANIPULATED by Governments. That’s the mistake!

          But OUR US Constitution says MINT COIN and regulate the value thereof. That means control the WEIGHT and PURITY of the coins only!

          Not Print Paper and manipulate the numbers printed on them.

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          1. Anthony

            The authors of the Constitution knew they were creating a framework document, and that it would not be perfect – hence, they included an amendment process. Even in their own time, banknotes were becoming common, having been common in Europe for nearly a century, and having existed since about the 7th century.
            http://en.wikipedia.org/wiki/Banknote

            How does the US government minting gold coins _not_ a way to manipulate currency? Looking at Europe in the Middle Ages, every national government, every local government of any size – ALL of them manipulated their currencies. They did it by changing their coins, increasing or decreasing the purities, making certain coins illegal or legal, milling coins – there’s a host of ways to do this.

            Moving to a gold or silver coin standard will only encourage the growth of electronic transactions – because who wants to carry around a bunch of heavy coins? And if anything is easier to manipulate than paper currency – it’s one that’s largely electronic. Not to mention easily tracked, logged, and data mined, by companies and governments.

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        4. SomeoneSomewhere

          @Citizen

          If the European Central Bank is owned by happy few, the euro would be inflated: many countries of Europe need more Money creation to restore condition of economic expansion.

          But the ECB is refusing this right to us…

          The European inflation is not due to money creation but to what is called inflation’s differential (our inflation is imported, oil, electronic, cars, etc…), and every part of our society suffer of it (I conceed, it wreck havoc more on poors and middle classes, but all our industries are suffering in France, Italy, Spain, Austria, Poland, not in Germany because its economy was built on monetary rules (not discretion as for the FED)).

          Never forget this: Fisher’s theory (the purchasing power of money, 1911): money is created to suit for the national economy (if there is too much creation: there is inflation), create money is not a danger, but easy money is.

          By the same token, Euro suffer of “overvaluation” cause of our internal inflation, Euro and dollar are not the same because Dollar is the “world” money (not anymore i think, China start making business in South Asia with the renmimbi), Euro is the Euro zone money, We suffered of inflation because the ECB do not follow the current economic trend. The main difference between our money and your is yours have flooded the world and now there is a huge saturation, no more, no less.

          But finally, there is the same consequences.

          We can’t make money with gold inside: we have no enough gold for it, what we need is not gravity or, purity, or weight (XVI century mercantilist standpoint on economy, outdated… old fashioned), if nation are corrupted, use vote, one country = one vote it’s democracy.

          As you must know, french don’t like using religious quote in such a important debate ^^’.

          What we need is controled and transparency money, not a speculative one.

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        5. Ben

          @someonesomewhere:

          You wrote: We have no enough gold to be able to restore the GES (the world money supply has expanded so fast for decades that we’ve seen since the 2001’s crisis our financial and monetary situation become out of control).

          What you are missing is that there is no such thing as “not enough gold.” The reality is, if there is too much money circulating, gold is simply worth more for a given quantity.

          Furthermore, gold is not a “speculative good” as you define it, except as a direct result of monetary oversupply. People only speculate in gold because it has been relegated to commodity status and so fluctuates wildly against fiat currency (which should be understood as MONEY is fluctuating, and gold is an indicator of fiat currency’s volatility.) Money is a price index; it doesn’t work if there is no stability. Gold, when legally ordained as money, is historically much more stable than paper money.

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        6. Citizen

          I disagree…

          “« gold cannot be easily manipulated » It can ! Look at financial market gold rate, the speculation shows that gold became a good, not a value…”

          The reason being because few people own or hold gold as a currency value.
          Once minted as coinage [Coinage Act of 1792] then it is commonly held as currency and is no longe a simple commodity subject to supply-demand cycles for utility use.

          The Gold Standard eliminates one thing, the people’s wealth is no longer diluted by government inflation printing.

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    2. flyingeagle

      @SomeoneSomewhere Gold and silver standard Ron Paul 2012 Revolution

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  10. Citizen

    Wow… another format change? Back to the “old” system?
    Whatever….

    1-18-12 // Judge Napolitano had Juan Williams on his show and Juan was actually supportive of Ron Paul as being the ONLY Conservative candidate.
    Senator DeMint and SC’s Representative (name?) also are saying that RP is the ONLY REAL conservative left on the GOP primary trail.

    Can it be that the “Crazy Old Man” is gaining more traction?
    Even DeMint and Williams understands that the ENDLESS WARS must stop!
    Romney is supported by the Military Industrial Complex money machine, thus his echoing …. “I’ll bomb Iran…” and other such sword rattling warmongering!

    PEOPLE, we don’t have the money to pursue The American WORLD EMPIRE preemptive stikes and the Welfare State, WE ARE BANKRUPT.

    Todays symbolic House vote to RESIST raising the Debt is a joke, the Republican’s caved last AUGUST, so the President is just going to veto weak resistance and walla another $1.2 Trillion will be spent on Union job creations AND the Debt will be $16.4 TRILLION on election day Nov 2012.

    QE3 is being launched as we speak… Buy gold and silver, the last safe haven.

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  11. gered

    Can anyone give me a “Austrian Economics For Dummies” recommended reading. Very interested in what’s going on now with Dollar and where Dr Paul wants us to go. THANKS!!

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    1. Citizen

      @gered

      This link

      http://mises.org/daily/Album/

      takes you to the Alabama school of the Ludwig Von Mises Institute…

      The “albums” are of numerous daily Essays posted by scholars who contribute to the web site from the Austrian Economic perspective.

      Essentially, Austrian Economics is Laissez-Faire econ. Ergo, less government is better for all concerned and they

      This particular essay is a good primer

      http://mises.org/daily/5659/Roman-Law-From-LaissezFaire-to-Statism

      about the history of Property Rights and how State Interference destroys those rights!

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  12. InterestedGoldStandard

    I’m just trying to understand how this all would work under a goal standard. What would happen to those of us with large debts, like mortgages and student loans? Will our ability to repay them be affected? Does it just depend on where they peg the dollar?

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    1. Citizen

      @InterestedGoldStandard

      Prior to 1913 Before the FED, (BTF) countries were on the Gold Standard buying and selling and exchanging goods and services using bullion gold and silver coins minted by their respective governments. The coins had established a weight and content that all were familiar with and there was no “currecny exchanges” necessary. Gold is gold and the weights were the only thing calculated in the conversion process. Governments settled up their accounts by transfernig bullion gold bars from one bank vault to another within the same building, little more than counting and transfering bricks on a rolling cart.

      After The FED, the wars began draining Government accounts and they suspended their gold payments and 1971 Nixon broke the Brenton Woods treaty, American no longer paid its debts in gold since the USD became the default “reserve currency”

      Now the transfers are handled electronically, “cyber-cash” and there is no tangible material exchange except for digital signatures using electrons and photons.

      There is also NO gold in Fort Knox… it’s long since been tranfered to the FED as collateral.

      -continued-

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      1. john lockes ghost

        @Citizen@InterestedGoldStandard So, please explain how shutting down the FED and going on the gold standard would ever be beneficial.

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        1. flyingeagle

          @john lockes ghost@Citizen@InterestedGoldStandard I’ll try to explain it to you John, you see the more federal notes that are printed the more toilet paper we have on hand and federal notes are way softer than gold meta and silver metal, when you wipe with a federal note you don’t damage your rear end as bad and people are easier attracted to the soft touch instead of the hard touch so its hard for people to switch however when the dollar finally gives out and you can’t by any toilet paper you will no what I’m talking about, Hope this helps. Ron Paul Revolution 2012

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        2. Citizen

          @john lockes ghost

          The FED Central Bank operations are exclusively dedicated to funding Government spending binges, completely

          DETACHED from Consent of the Governed.

          We the People are paying for these Secret Spending Binges via currency inflation and 98% USD LOSS of its purchasing power since 1913.

          You savings are worthless, your retirement is doomed, you are wholly dependant on Government and only the Elite few can survive independent of government handouts.

          So… is there any probem with that reality? Thank You FED?

          Sound Honest Money means We the People TAKE BACK our wealth from Government THEFT, by removing the FED’s ability to fabricate (counterfeit) money out of thin air, which destroys the value of the money in your bank accounts and your property.

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          1. john lockes ghost

            Suppose your savings and retirement are in partnerships with companies with hard assets, then what?

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        3. Citizen

          Pon Raul,

          Both parties would be equally culpable for the mess. The FED hasn’t taken sides in the Spending Binges.

          The FED is happy to “fabricate money” out of thin air and get paid market rate interest on it by the US Taxpayers.

          What better scam could one possibly imagine?

          “Money for Nothing, Chicks for Free” !

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        4. john lockes ghost

          @john lockes ghost@Citizen@InterestedGoldStandard A hundred years ago, two amendments to the constitution became law of the land. The first of these amendments (the 16th) placed the hand of government into your pocketbook. It allowed for taxing your income. The second and really more dangerous of the two, was the 17th amendment. This amendment destroyed states rights and made United States Senators answerable to their largest financial backers (lobbyists and corporate interests), rather than to their respective states as originally intended. So, you have already had your 100 years to see who could fuck things up the most and Citizen has the right answer, below.

          To compound the problems caused by these two constitutional amendments, two events occurred:

          1) In the 1940′s, American citizens made the mistake of allowing the federal government to withhold taxes, thus, giving away a final check that the public at large had on government’s overspending.

          2) The Supreme Court decision in favor of Citizens United, exacerbated the bribery of politicians of all stripes by hiding the monetary support given to political campaigns. Ron Paul is likely the only politician that remains immune.

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        5. john lockes ghost

          @Citizen@InterestedGoldStandard BTW, our government was originally established with the concept of checks and balances so as to enable a modicum of honesty to prevail. The 17th amendment destroyed the original structure of our government and with it, its checks and balances.

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          1. Citizen

            So your saying that the popular election of US Senators (17th Amendment) versus the original process of the State Represenative selecting their Senator from the members of the State House.

            Is that what you content is the cause for the imbalance?

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    2. Citizen

      @InterestedGoldStandard

      -contnued-

      As far as your consumer credit and loans, all that would “revalued” into some exchange value IF governments returned to a gold standard. It’s anybody’s guess what that exchange rate would be. Some believe it could be as high as $52,000.00 (fiat USD) per ounce of gold given the massive cyber-cash that’s been created out of thin air.

      It is more likely that World Governments will adobt a new world currency based on a gold standard LIE, and will force everyone to use the new Legal Tender. Failure to do so will be cause for arrest and imprisonment. People will be issued paper notes that will be called gold standard notes, but in name only and the fraud of printing and wealth transfers will continue as usual.

      TEA

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      1. InterestedGoldStandard

        @Citizen Thank you for the response.

        I’ve been reading RP’s Monetary Freedom Act from 1980…I guess in an ideal world that is how he would push a return to sound money. I share your fear that we would end up with a false gold standard and the wealth transfers would continue. I’m trying to convince progressive friends that wealth transfer should be their primary concern as it is ours.

        If I am reading the act correctly, the FED would have to redeem our FRNs both the spot price of gold 5 days before the act was passed.

        Let’s assume gold is at $1700/oz. Then I would get 1/1700 oz of gold for every FRN that I hold.

        Let’s then say the balance on my mortgage is 200K and is revalued at around 50K you mention…my mortgage is now worth 4 oz of gold?

        Then that converts back to $6,800 given the strike price from 5 days before the act passed?

        Of course this is a totally hypothetical scenario.

        The reality is fiat money favors borrowers/spenders and commodity money favors savors. As a result those of us with large consumer debt would essentially be paying more on our debt over time…unless it is revalued as you mention.

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        1. Citizen

          @InterestedGoldStandard

          The “agendas” get really complex when your talking about a Devaluation of the currency. A paper exchange devaluation is typically a bogus flash in the pan scam. It’s the way governments have bought time when their currency is collapsing but they never apply the austerity needed to correct the root problem… over spending.

          Any attempt of governments to return to a gold standard would necessarily cause a sudden rise in the price of commodities, gold, silver, copper or platinum etc. Your $200k mortgage is now equal to 117 oz of gold coins. But a devaluation (which is coming) might make gold worth $5,000/oz or your mortgage would be worth only 40 oz gold.

          Clearly if you have the “foresight” YOU can purchase gold at the cheap price of $1700 FRN / oz and when this conversion takes place, you’ll have more than double your return on investment.

          Currently the markets are using the FRN as a store of value. AND

          Germany is offering 10 year bonds at -1% return. That means after ten years have passed you will receive only 87% of what you bought into with. AND inflation at 3-5% will eat an additional 35-45% over the same time.

          The scary thing is… people are buying German bonds and US Treasuries with those kind of NEGATIVE returns.

          In that light…. what is gold and silver doing?

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        2. InterestedGoldStandard

          @Citizen My math could be wrong, and I could be oversimplifying.

          current money supply: 2,150,000,000,000

          current gold reserve (reported): 8133 metric tons

          So that puts gold at $7400/oz if they were to implement a 1:1 redemption?

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        3. Citizen

          @InterestedGoldStandard

          Actually, the FED reports the M2 money supply at around $9

          The FED, between 2009 – 2011, has made $17.7 TRILLION in loans to various Central Banks in American and the EU.

          Those loans are M3 money and the FED no longer tracks M3 for obvious reasons .

          Wikipedia reports that

          ***Ft Knox has 147.2 million oz. of OUR gold

          ***The FED Reserve bank in NY holds 225.1 million oz. of OUR gold as collateral for the money they printed for US.

          Keep in mind that the FED is not the US Government

          For simplicity sake, lets just say that it’s ALL our gold for a total of

          372.3 million oz

          or 9,000,000,000,000 / 372,300,000 = $24,174.05 / oz

          but if you add the recent $17.7 Trillion created out of thin air

          QE1, QE2, QE3…etc

          to that …

          26,700,000,000,000 / 372,300,000 = $71,716.36 / oz

          at only $1,655/oz today

          what are you waiting for… QE7? , to dilute the dollar by another $20 Trillion?

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      2. john lockes ghost

        @Citizen@InterestedGoldStandard So, we exchange one possible chaotic event for a definite chaotic event. I think I’ll take my chances with the possible rather than elect to have the definite.

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        1. Citizen

          @john lockes ghost

          The paper USD is a “definite” collapse, I estimate less than 10 years.

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  13. Citizen

    THE US Constitution has been WRONLY amended to permit a complete departure from the original intent.

    The 16th Amendment ratified on February 3, 1913.

    AND

    The FED created on December 23, 1913

    These 2 GOVERNMENT contrivances ARE the HAMMER and SICKLE that directly violate the Constitution and they directly permit GRAND THEFT of PRIVATE PROPERTY of the American people.

    A means of funding both the numberous Wars and Welfare programs of the 20th Century WITHOUT DIRECT TAXATION!

    THE means of paying for Wars and Welfare

    WITHOUT the *****Consent of the Governed!*****

    Any questions?

    TEA

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  14. GMann

    How do we find a petition to audit or eliminate the Fed?

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    1. Citizen

      @GMann

      There is no “public” petition,

      The FED charter does not require any audit by the Government. The FED essentially has “diplomatic immunity” and they operate without any oversight by Congress.

      Congress must pass a law permitting the “audit” that might lead to termination of the FED… assuming that an audit reveals damning information.

      I contend that the FED would instigate an all out war if our Government ever tried to curtail their powerful money controls.

      The FED …. IS…. the most powerful organization in the world…. uncontested power!

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      1. GMann

        @Citizen Thanks for the educated info. I did read the Fed calls the shots, Bernanke and all his cronies should be prosecuted. What kind of Economist is Bernanke to forget about supply and demand and gold in relation to the dollar? The Fed and their inflation is frustration. If the wrong president gets in, the Fed will continue. I can only imagine how silly people will feel if Paul wins and starts auditing things. I will mark this time in history down on a calendar. Guess we have to hope the majority votes correct. It”s a shame that the real issues of the Fed and the corrupt Congress is not on all America’s minds. I guess they are too much wrapped up in every day life to research, following the media/political propaganda is much easier. I went outside all my family and did research. To be honest if it means not voting or writing in a candidate I will never ever vote for the lesser of two evils again. I can see now that can be just as bad or even worst. I had a debate with someone about the bogus Minimum Wage Law and Inflation, I finally had to tell them to read a book on Economics. Then about the racist issue, pleeeeese. The media is a very powerful tool to use against anyone, scary if noone does their homework! Thank goodness there is the internet. People I know pick ignorant issues to debate about Paul. I have changed a few people’s mind by links and simply stating to just be open minded and listen or read. Some people I talk to still love Obama, why is that? People say it’s because of the jobs he created. That is iffy to me, it is unclear. I know of companies still closing and moving. What happened to all that money loaned to the Banks, did Obama look into getting that back? All I know is Obama did a 360 and some coworkers and myself caught that immediately and gave him the benefit of the doubt until we got jipped with the bailouts. I felt like a dog looking for scraps on the ground with that Stimulus package LOANED to us.. To me Obama and Bush should be twins. He has some of the same policies and he is a War fanatic. Tell me why do people still like him, Media? Sorry for rambling so late, just watched a blow out game at least the 49ers and Saints was good.

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        1. Citizen

          @GMann

          1ST Ron Paul won’t get nominated by the GOP!

          The powers to be, The FED, will not permit it.

          Neither will the FED ever get audited!

          Stalin said it best,

          “the people vote, WE count the ballets”

          2nd The other issues, are simple rabbit trials that draw the populist vote away from the FUNDAMENTAL problems.

          3rd Our Government is BANKRUPT, yet continues Business as Usual, Status Quo… using the power of the FED’s currency counterfeiting operations to keep the “Theft of Private Wealth” system temporarily afloat. The FED Titanic is going down and

          no re-arrangement of the deck chairs is going to change that fact.

          4th Are WE, the American People, going to go down with this financial ship wreck

          OR

          are WE the PEOPLE going to get into the few remaining Lifeboats (gold, silver bullion and other commodities)

          .

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      2. flyingeagle

        @Citizen@GMann No Fed, Go Ron Paul 2012 Revolution

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  15. xstortionist

    I’m glad that you said that, because if you read the prior comments you would have gathered facts and known that I already stated I am not voting. Perhaps you missed science class in grade school, you know where they teach you how to make educated decisions based upon gathered facts?

    I agree that not every politician is bad. I was in the heat of the moment and that’s the first thing that popped into my little caveman brain.

    Regarding your quote on my gold statement. Again, if you did a little more research on the comments above, you would have gathered more facts, but this goes back to my statement where I blab about American’s being lazy and this clearly justifies my comment. Simply put, you were too lazy to read all the comments.

    I was simply referencing life in general, if I were stranded on an island and all I had was a bag of gold, I would not survive. Instead, I would need to find sources of energy that would provide my body with the things it needs in order to keep on living. Gold provides your body with nothing to prolong the amount of time I would survive on the island.

    I’m pretty much done here. While you guys are wondering what happened, I’m making things happen. Money is calling me right now, bye.

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  16. JohnstonSequoia
  17. Citizen

    What happened to this forum… it’s been invaded by tweetle dumb and tweetle dumber.

    READ A BOOK on the topic FIRST before coming here and removing all doubts about your intelligence.

    Did they finally close Zuccottii Park and you had no where else to “occupy”

    SERIOUSLY

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  18. Flash4

    So we went through the great depression under the gold standard..

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  19. xstortionist

    Gold is not the answer that we are desperately looking for. Gold has no true value when you think about it in terms of what it does for life in general. I cannot eat gold and gold cannot heal my wounds. Gold is just another imaginary valuable possession that holds no true value. Numbers will always be numbers and gold will always be gold. The answer to inflation is limiting the amount of money a person / company can make.

    Example of what is wrong with America. Let’s say that you borrow a one-of-a-kind pen that I hand made. I let you borrow this pen, but in return you must give me the pen back, but also give me an additional pen in return. This would be impossible considering that the pen is one-of-a-kind and I am the only one who is able to create the pen.

    Ron Paul has his hands in other peoples pockets, you cannot trust him or any other politician. Ask Ron Paul how much money he has in his bank account and you will see the light of his deception. Hard work is no longer valued in today’s modern world, but easy work is valued. I can sit behind a desk and goof off all day and make tons of money off of other peoples hard work, there is a security flaw in the system and not one person or administration will be able to fix these wrong doings. The world must come to an end sooner then later.

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    1. SoCold

      @xstortionist

      I agree with you about gold, and returning to the gold standard will not unhinge the powers that the bankers will continue to hold if this was the case, unless their precious metals assets were confiscated and returned to the people they had stolen from. I believe as you said “I cannot eat gold and gold cannot heal my wounds.”, and I would go further as say that the bankers being the master con-artists that they are, duped the people to see gold as something “valuable” and introduced the idea of money and banking, but I for myself would rather have a glass of unadulterated water than a piece of this “useless” element.

      Furthermore, in my vision of an ideal world, I would rather not have a “money” system nor any third party form of exchange for that matter, including but not limited to a government credit system. I’d like to explore barter instead. Barter can develop more robustly as to supplant this money/debt as commodity system, thereby forcing the likes of wall street quarterbacks to actually work for a living. We can have an effective barter exchange utilizing current technology like the internet to trade a product from person A to a service from person C through an indirect exchange through person B, or if more people use this type of service, direct exchange can be achieved. This is just a simplistic view which I would favor in lieu of a precious metals standard.

      As you implied, without the annihilation of most of life on this planet, the kinds of exchange systems other than what we currently have cannot really be changed too dramatically, but I see Ron Paul’s ideas, including the libertarian principles, so much on course to the type of reality I’d like to envision for myself and my fellow human beings in a world where responsibility, individual liberty, freedom from inequalities to be the the impetus for us all, and completely without government intrusion. This is the basic framework for which I can choose to live the life I like to live, pay for things the way I like to pay, choose how to take care of myself, and so on.

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      1. xstortionist

        @SoCold@xstortionist

        I like Ron Paul, but he is a politician and his hands are tied behind his back whether we want to believe it or not. Ron, will never tell us how much money he has in his personal bank account, because it would contradict everything that he’s been talking about for the past 10+ years.

        We must bite the bullet and face the facts here. People who work in the higher positions of the Government are money hungry bastards. Strip them of their money and they will drop out of their current position. The only way to have real American run this country, is to monitor their living habits. I know this goes against our American Freedom, but just like when you are a convicted felon, your rights have been distinguished. I feel the same needs to happen with Government Officials.

        Rip them of their rights and monitor the way they do their job and you will get people working for the right reasons.

        Also, note that big corporations shouldn’t be allowed to fund any Government campaign. For example: you go to your son’s baseball game and on the back of their Jersey you have an advertisement for a local company sponsoring the kids to be able to play on the baseball field. This should be a slap in the face for the business owner, just because I support local baseball doesn’t mean I need to have my business on the back of a shirt. It should be noted that people now-a-days expect recognition for charity and that’s the biggest load of shit I’ve ever heard.

        Don’t even get me started on charity either…

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        1. SoCold

          @xstortionist

          How would you know if Ron Paul’s “hands are tied behind his back”? Have you looked into what he supports and the bills he authored? And how can his bank account contradict his principles? Paul wanting to see his hard-earned money not be ebbed away by the Federal Reserve System is hardly a contradiction. He also reduced his paycheck to the average income of Americans and refused to receive pension. The only person in Washington to do so. He doesn’t have lobbyists like the rest of the GOP candidates or Obama for that matter.

          Also you seem to be implying (correct me if i’m wrong) that a violent revolution is the only way to change our corrupt government, but you fail to understand that the military-industrial-complex, along with the Patriot Act and NDAA can literally vaporize dissenters instantly for doing so and no justification will be necessary or required on their part? Is this the type of system you want to live under?

          I believe Ron Paul is the only “realistic” non-violent solution we have and should be thankful that he offers us this. He promised a lot of reform and judging by his stellar record, it is clear that he is offering “real” change, not empty promises like the others.

          I agree with you that more transparency is needed regarding the roles of the politicians, especially in Washington, but they should have right to privacy when “off duty”. However they should also be scrutinized to the same restrictions which they impose on us, such as TSA, but are exempt. But under Paul’s presidency, we will eventually repeal all the unconstitutional laws including the TSA act. (continued below)

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        2. SoCold

          @xstortionist

          I don’t know where Paul stands regarding PACs and super PACs as it provides an unfair advantage to large donors like Goldman Sachs, who by the way gave the largest donations to both Obama in 2008 and now Romney. Talk about the controlled left-right paradigm. In a free-market setting i would think that Paul wouldn’t object to these organizations, however under the same conditions, common people can boycott anything associated with Goldman Sachs for instance, thereby affecting their profits. I’m sure most Paul supporters who do have money are probably not associating themselves with most of the establishment when an alternative presents itself. It may take more participatory action by the people, but maybe this is what we need in order to clean out Washington DC and once again be the boss of white house.

          I understand that what he says and actually will do are two different things, but as it stands, he offers the most tangible, realistic solutions to our once great nation. And I ask you, what real, tangible solutions are you proposing, if not Paul?

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        3. xstortionist

          @SoCold

          Again, I like Ron and I think he’s a great Candidate, but he is a politician. Remember that, and also just to point out “EVOL” is highlighted throughout the website here on all the merchandise. EVOL as in “EVIL” and not “LOVE” spelled backwards.

          Anyhoot, I’m not sure what you consider violent, but monitoring officials is not violent in any shape or form. Just like inmates who are monitored day in and day out. You want people running this country for the right reasons, then you need to monitor them.

          But see the issue is more complexed then what is within our countries borders. We must take into consideration all the false promises that we’ve given to these other countries that we are in Cahoots with. There are so many other factors that play roles within our daily lives, that it’s not even worth wasting our times. We are all but slaves to society, either you are born rich, your numbers turn up in the lotto, or you do what the average person isn’t willing to do, which is work hard and be successful.

          I will not be voting for the rest of my pathetic life, because I know that not even a million people can change the way the system works. Because to be blunt, the system isn’t working, and it hasn’t worked for God knows how long.

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        4. SoCold

          @xstortionist

          My interpretation to your previous comment “The world must come to an end sooner then later.” led me to a logical conclusion that you might have been suggesting that there must be some type of violent action in order for the type of issues that you want corrected to occur based on your apathetic views about politics .

          When you discuss things like “monitoring the elected officials”, which I do agree with, how would we as individuals persuade an out-of-control government to even let themselves install cameras in their offices?

          I’m just trying to focus on the reality of our current predicament and help strengthen a movement like Paul’s, which has a very significant presence in our country at present, and is exerting a greater voice than we would have otherwise. You noticed how the other candidates started to adopt Paul’s ideas into their own candidacy, thereby increasing awareness such as the Federal Reserve Bank’s power over us slaves?

          “I will not be voting for the rest of my pathetic life, because I know that not even a million people can change the way the system works.” I can understand where you may be coming from. As Carroll Quigley said (paraphrased) “all the leaders are selected” for us, meaning that the entire voting process is basically a circus. This is true to a greater degree, especially with the advent of e-voting machines, and maybe there is a remote possibility that Paul is a chosen representative for people who are “awake”, but this is a choice i’m willing to take as it also helps spread the truth. Waking people up is far more important than Paul’s presidency. If Paul is elected and doesn’t deliver on his promises, then I’ll relent to the fallacy of this process, however more and more people are waking up because of him, and this will eventually reach a “critical mass” which the establishment will not be able to ignore and the revolution can take place more effectively. And i don’t know what percentage of the population is required for us to reach “critical mass”. The more the better, I guess.

          Lastly, about the word “EVOL”: I would not try to dwell too much behind the word. Opposite of love is hate, and I hate the people who oppress us. Is this considered evil? I don’t think you can eradicate evil because you cannot quantify good without it-philosophically speaking. Also, I would judge something/someone based on the “fruits of their labor”, and see all the positive things that is accomplished as well as the negative (evil) aspects.

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        5. xstortionist

          @SoCold

          To be honest, I’m really just tired of my neighbor having 4 kids, a wife and no job sucking off my tax dollars. The guy has been without a job for over 5 years and gets over a $1,000 in food stamps every month and also get government assisted money on a debit like card as well.

          The biggest problem in America right now is laziness. Once the Government starts giving you free money, why go back to work when you are now a part of a flawed system? There is no right and wrong anymore. You have lawyers who protect the truth and also protect criminals as well.

          Ron Paul has a great message, if he didn’t I would be here right now. I’ve been on his side for years, but most of the population has shiny rock syndrome. They see something shining the grass and they go right to, but before you know that shiny rock turns into a pile of shit and the shine was an illusion brought on by the Sun… Obama was that shiny rock in the nearby grass.

          One more note before I get back to work. I don’t believe that you should be allowed to vote unless you have been in the Military and / or you have held a job within the last 2 years before voting. You have all these people voting that have no clue what they are voting for. All they know is the name and face of their candidate and have never done a bit of research on who they are voting for. That or they should make you answer a few questions about who you are voting for. That way if you don’t answer the majority of the questions correctly, your vote is no longer valid because you are not educated on the person you are voting for.

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        6. Patriot Dave

          @xstortionist@SoCold You are going solely upon speculation and not on anything substantial or his record.

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        7. SoCold

          @xstortionist

          As you said in your previous post, this matter is a complex one. I see you and your neighbor as victims caught up in a system which was incrementally designed and controlled by the powers that be (mostly Rockefeller/Rothchild/Carnegie types) to essentially separate the masses into one of two factions. The true conservatives on one side and the people who believe the government should provide public entitlements on the other. Those less fortunate and economically marginalized will almost always approve and support a government-run social programs such as food stamps and welfare. I believe that this deliberate division was to make the public ineffective in controlling our government while soliciting in-fighting amongst each other, all the while the elected representatives take away our rights. You seem to be angry at your neighbor, but i believe that it’s just a symptom of a greater problem. Whatever their circumstance, that is their choice, and our government allowed for it because people acquiesced in silence and its availability encourages it to the group of people in our society who empower these social policies and lets our government perpetuate the unconstitutional direction that its headed. It’s a catch-22 for the public.

          Ron Paul’s solution would be to eventually to ween off the government entitlements altogether, and he is the only one who is addressing this dividing issue. This is why it’s so crucial that his message is heard.

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        8. xstortionist

          @Patriot Dave@SoCold

          Dave why don’t you read before you post? Perhaps you missed most of the conversation me and cold had prior to you jumping into the deep end of the pool. Get your floaty ready before you attempt to take a swimming lesson.

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        9. xstortionist

          @SoCold I am not a victim of anything. I do what the average person isn’t willing to do and that’s how I get ahead in life. I work hard for the things that I have and I take responsibility for my own actions. This is how I’ve moved up in my current job position. When things go wrong, I don’t point fingers, but instead I take full responsibility for the things that didn’t go as expected.

          We need someone like that in office. Right now, there seems to be a lot of finger pointing going on and no one has the balls enough to raise their hand and take responsibility for their own actions.

          We need 100% transparency when it comes to what the Government is doing with our hard earned tax dollars. We need to stick to our guns and stop sticking our nose into other peoples business.

          I’d also like to note that this isn’t the first time a politician is trying to ween people off of Government assistance. The problem is that people think they are entitled to hand-outs because they believe they deserve something from the Government.

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        10. xstortionist

          @SoCold

          I also believe that another big issue is people are always wanting to take sides when it comes to Politics. This is fundamentally wrong in every aspect. Think about a baseball team, they are a unit and there isn’t a single person on the team that can win the ball game by themselves. Everyone player on the field backs each other up whether they want to or not. When you fail to backup a team mate, balls get by and a runner advances and could cost you the game. The Government could learn a thing or two about basic fundamentals of a team player. To say I am a Conservative or a Liberal doesn’t make sense, and that’s why I’m all for Ron Paul. He looks at both sides of the field and he makes decisions based upon what he feel is right.

          Another big issue I see in the Government right now is the lack of thought. When someone presents an idea, one side says “I don’t like that idea…” yet they do not come forward with an idea of their own. That logically doesn’t make any sense. When I’m managing my team at work I cannot tell a member of my team that they have a bad idea if I am unable to come forward with an idea that is of equal value. I personally believe that a person shouldn’t say that is a bad idea without having an idea of their own. Make sense doesn’t it?

          Either way, there is much one person can do to change the way the system works. It will take years to rebuild what has already been damaged. It’s a matter of getting leadership that is willing to listen to both sides and make decisions based upon facts. Even if a leader makes a gut feeling, they should take full responsibility for their actions and not point a finger at anyone but themselves.

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        11. SoCold

          @xstortionist

          I respect your independence, but let me expand on my previous post to claim you as a victim. In actuality i should have said under our current system of control, we are all victims. Most of us “volunteer” to pay the unconstitutional income tax, which classifies most people not liable to file an income tax under Title 26, which is used to pay the interest on the debt that the private Federal Reserve prints out of thin air. But the popular rhetoric goes as to say that our taxes pay for the government (entitlement) programs. This concept is detrimental and a complete contradiction to the nature of a Republic, therefore an abomination which needs to be eradicated. Your neighbors, as lazy as they may or may not be are also victims under this fascist/communist program, as their lifestyle may be severely compromised by their inability to assimilate into this society, leading a “life” with less potential than would have otherwise. But this is another complex matter in and of itself, nevertheless i believe that it should not be used to divide an independent person such as yourself and this dependent person. It is only when both you and your neighbor unite on common threads and understand each other, that this monstrous system can then be tackled at all, otherwise you and your neighbor will be distracted and busy “fighting” each other whist these government programs go unabated, and the perpetrators will continue to laugh in our faces for our gullibility. I hope that this clarifies things.

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        12. SoCold

          @xstortionist

          Baseball is a great metaphor, and I agree with you if assuming that common people in our country would be considered a team, and the role of the government the baseball itself. Today, there are too much in-fighting amongst the team players while the ball is neglected in the foul territory and endless walks.

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        13. jflynn5110

          @xstortionist@SoCold Rip them of their rights make you no better then they are. This is the brilliance of the Constitution which has been manhandled and twisted so that it is no longer effective. The Constitution needs to be restored..case in point its time to overturn 1942 supreme court judgment in Wickard vs Fillburn in which the Wickard judgment effectively removed Congress limitations as established by the Constitution.

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        14. GMann

          @xstortionist@SoCold Funny, today I posted on my facebook: We should have to be able to pass a random multiple choice test about the candidates, issues, policies and economy before we are allowed to vote. It is amazing how many people will just vote to vote or are influenced by church, media, who’s winning, even how a candidate looks and speaks, etc. etc.

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        15. xstortionist

          @GMann@SoCold I simply ask people who vote what their thoughts are on “foreign policy” and they don’t even know what it is. It boggles my mind when there are so many people voting that are uneducated about the issues these candidates are presenting.

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      2. Citizen

        @SoCold@xstortionist”Barter can develop more robustly as to supplant this money/debt as commodity”

        Are you serious??? You want to return humanity back to a 5th Century BC barter system?

        Primal Scream!!!!

        Let me guess… you were educated by Union Teachers in CA?

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        1. SoCold

          @Citizen@SoCold@xstortionist

          No. Money and barter were in existence essentially concurrent to each other. To imply that money system is revolutionary or superior to barter is non-nonsensical. Your understanding about money system is a pervasive one, an assimilation of the minds lending themselves to be subverted through the comfort and practicality of a third party exchange system, which is flawed in its conception as a means of exercising control by the parasitic bankers who schemed this con on the unsuspecting public to empower themselves through their “manipulation” in even the earliest forms of fraud like fractional lending.

          No. I don’t want to return to the 5th C BC, I want a Constitutional Republic, for people like myself and you to be able to trade goods and services in whatever exchanges means we want, and not be forced into a monetary system which have no competition. If you don’t prefer barter, more power to you. But you can’t deny my individual liberty to do so if i so desire. This is the fundamental principal which Ron Paul is advocating. I’m sorry for you if you don’t understand this.

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        2. Citizen

          @SoCold@xstortionist

          ” flawed in its conception as a means of exercising control by the parasitic bankers”

          It is those very “parasitic bankers” that are enabled by the FED Central bank’s credit money creation system that gives them the power to steel the middle class blind.

          A “modern” economy must have a reliable medium of exchange that is impersonal, neutral, common and the least subject to conterfeiting. But governments prefer fiat currency that is forced Legal Tender, not permitting currency exchange competition.

          Oh by the way… Barter is also illegal because the IRS needs all transactions to take place in USD to TAX the exchange.

          A bullion gold standard requires only a standard of weight and measure of purity. No need for currency exchange dealers atttempting to calc values based on constant Sourveriegn Qauntititive Easings schemes.

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        3. Citizen

          @SoCold@xstortionist

          AND RP is advocating competition in currency to permit citizens to use whatever medium of exchange they wish. But of course the FED and IRS are diametrically opposed for obvious reasons

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    2. Citizen

      @xstortionist

      You’re a lunatic! “limit the amount of money people can make” is YOUR answer to controlling inflation…LOL

      Clearly you are clueless about what “sound money” is, otherwise you wouldn’t make such a rediculous statement.

      INFLATION is directly caused by fiat money expansion ONLY! Price changes due to supply and demand fluxuations is NOT inflation. Even a nit wit Keynsian knows that much.

      The “value” of gold in an ancient or modern world…. is that it is a STANDARD that can NOT be falsified, counterfeited or printed. Gold is a definite UNIT of value that is both durable and divisble. And thank God you can’t eat it, its not meant to be eaten, its useful as a measure of weight, a NUMERICAL STORE of VALUE .

      As was defined by the Coinage Act of 1792

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      1. xstortionist

        @Citizen@xstortionist If God actually existed I would thank him. Inflation is caused by creating money out of thin air. Plain and simple.

        Also, gold can be counterfeited and it’s done all the damn time just like money. Perfect example is when I was on my prior vacation to Mexico a handful of the cruise attendees unknowingly purchased fake gold. That is called counterfeiting. So please, before you blurt off with useless babble use common sense before attempting to make someone look bad.

        Plus, how much gold do you personally own?

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        1. Citizen

          @xstortionist

          So your previousl statement

          “limiting the amount of money people make”

          would NOT “control inflation” was that a Bait and Switch?

          YES money creation out of thing air IS inflationary.

          gold can be counterfeited”

          not really when its a formal Treasury Mint Coin, when trading souvereign governments guarantee their respective weights and measures

          (Artical 1, Section 8)

          “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”

          Mexican con artists are not the US Treasury!

          And those Cuban cigars…. arn’t!

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        2. xstortionist

          @Citizen I shouldn’t even respond to you with the amount of grammar errors you’ve provided in your rebuttal, but considering this is my 14th day straight of working and I’m on lunch break, I decided to give it a shot.

          You actually believe that Gold Mint is impossible to counterfeit? You must be living in the 10th century. Again, you are being lazy, do a simple search with Google and you will find over 300,000 indexed pages that give you reliable information regarding counterfeit mint sovereigns.

          Plus, how is the supermarket going to test to see if your gold coin is not a counterfeit? It would be impossible unless you were to cut the coin in half and scientifically test the mint.

          I would suggest you go get a real job and stop trying to make people look bad. I can already tell you are not on the right side of this revolution. Hell, I probably pay more in taxes every year than you actually make…. or better yet, my tax dollars are supporting you and your family because I’m sure you’re taking advantage of the food stamp system as well.

          Logically you should do more research.

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        3. xstortionist

          @Citizen After speaking with one of my brothers on the subject of counterfeit mint coin, he advised me that the proof lays within the TV show Storage Wars. A lady purchases a locker and finds counterfeit coins from the 1800′s – http://www.aetv.com/storage-wars/video/?bcpid=753904050001&bclid=901962281001&bctid=1381049618001

          Enjoy

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        4. Citizen

          @xstortionist

          Please parden my typos… “fat fingered”

          Did I say “impossible to counterfeit?” NO, I did not.

          Coins can be struck with high accuracy and then “plated with gold

          But size and weights are much harder to forge. Plating is easy to detect, and weight and size can be quickly verified.

          Some claim that Titanium (atomic weight of 47.867) is being used to fabricate gold bricks but it is far below gold at 196.986 easy to detect

          I paid nearly $200,000 for the last two years….I’d be willing to trade my tax liability for yours?

          Hey… take a day off and Praise God, its good for YOUR Soul!

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      2. xstortionist

        @Citizen “You’re a lunatic!” I take that as a compliment.

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        1. Citizen

          @xstortionist

          That’s good! My bibile study group thinks I’m a heretic.

          And yes he does…. and you should!

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    3. flyingeagle

      @xstortionist Hey are you running for President , you seem so wise about the money problem maybe you and so cold can be president and vice president naaa I think I’ll stick with Ron Paul Go Ron Paul Revolution 2012 is yours

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      1. xstortionist

        @flyingeagle Flyingeagle your hands must be getting tired for endorsing all of those government hand-outs. I’m pretty sure you’re one of the people who voted for Obama. This conversation is over with.

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  20. john lockes ghost

    BTW, Ron Paul is a stakeholder in gold mines. I wish he weren’t as, to me, his ownership in them taints his push to return to the gold standard

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    1. bowlet

      @john lockes ghost You must understand, the less rare that gold is, the less worth our money will be. If gold is more scarce, your money will be worth more!

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  21. john lockes ghost

    It’s in this area that Ron Paul gets his greatest resistance. There are just too many questions regarding a return to a metal based monetary standard that make people uncomfortable with the idea. Additionally, while it may sell well to younger citizens, maintaining Social Security retirement (whether good, bad, or indifferent) is, nonetheless, extremely important to a huge number of the voting public. It may be unconstitutional, but it is a promise made by government to working Americans. Come up with a program to phase it out using tax deferred methods, but, keep in mind that that’s a bit late for people that paid into the system and, therefore, are actually entitled to receive their retirement. Now the abuse of the Social Security System, mainly by republicans but also by democrats, ought to be terminated and the money stolen from the system returned.

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    1. bambislayer525

      @john lockes ghost mainly by Republicans???

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      1. john lockes ghost

        Yes. In case you hadn’t noticed, republicans have been opposed to Social Security since its enactment. So, in furtherance of their resistance to it, they were ever so ready to raid the trust fund for any reason. They also supported the notion of SSI payments to alcoholics and dope addicts claiming those self-inflicted maladies to be disabilities. Democrats also raided it, usually under the guise of national security. Forgetfulness as to restoring the funds that were stolen is the one thing that congress provides bipartisan support. @bambislayer525 @john lockes ghost

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  22. Ruth1940

    Ron Paul offeres nothing to correct the inequities of those children who erred by choosing parents who were not affluent and educated!

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    1. SoCold

      @Ruth1940 _

      I share your views exactly. We are not born sovereign individuals because of this fact. The Rothchilds are born differently than 99% of the population and have unfair advantage over most of us because we are “forced” to participate in this money centered system which was created and sustained for the benefit and empowerment of the very people who monopolized it. We can’t be really free in the idealistic sense of the word like a wild animal which has no bounds. Most people are held captive and are stuck in the intricacies of this money web. It is true that Ron Paul doesn’t answer to the inequalities inherent in this artificial money system as much as I’d like as well, but considering the alternatives, Ron Paul is light years ahead of all the Republican candidates and the sitting president and it’s a step in the right direction. IMO A Constitutional Republic form of a government is the best form that a society can have for basic protection of the individual as well as to offer the most value for the inequalities you suggest. It’s may not be perfect, but it’s the best so far.

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  23. Citizen

    JUST LIKE YOU DO NOW….

    The only difference…. the paper notes are REDEEMABLE in bullion prescious metal coin held as hard money in the banks.

    Banks reconcile checking desposits and transfers are mand between banks and credit card exchanges are business as usual but BACKED in bullion holdings… REAL MONEY…

    The purpose of a Gold HARD MONEY standard, is to STOP the artificial creation of money out of thin air via Debt Credit money printing or cyber-cash entries in computers.

    REAL MONEY is Constitutional Money, the MINTING of gold and silver coin….

    NOT the printing of endless worhless notes

    The “Standard” was established by the Coinage Act of 1792, look it up!

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  24. freedombandit12

    After learning about Ron Pauls quest for freedom, I realized my country needs me. quit my job, and travel around the country. Humbly teaching people about Ron Paul. My name is Adam, from Washington, and I am hitting the road to campaign Americas freedom. share knowledge of the constitution. hand out yard signs, and information. money is short and am looking for any donations to help. I can live off of barely anything. keep in contact with with reports of my progress.

    Thanks 1 (509) 670-0907

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  25. workplace democracy

    It doesn’t matter if we have a gold standard or a fiat system. As long as our economic mechanisms (corporations/ private banks) are heirarchially structured (currently the bottom 90% of the american public holds less than 10% in America’s businesses), then we’re going to see increasing disparity of wealth.

    In fact, Infaltion would be beneficial to us under equitable economic mechanisms like businesses operating under workplace democracy. We need equitable ownership of businesses through workplace democracy and abolishment of the fuedal style corporate system

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    1. workplace democracy

      What i mean is that if we had equitable income and the amount of money was constantly increasing but being equitably distributed through equitable mechanisms… than it would be those who have large bank savings, like the rockefellers, whose savings devalue.

      In other words, under a system of equitable money distribution through worker owned/ran businesses, anyone who has a more than average amount of wealth would see theri savings drop, while anyone under the average wealth would see it increase.

      My point here is that the inequality of wealth is a result of the CORPORATE HEIRARCHY STRUCTURE, not the currency type.

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    2. daniel bridges

      @workplace democracy What you’re promoting, then, is Marxism, right? It seems that all people don’t have the education or intellect, and so all people will not be able to participate in such ownership — i.e., Marxism may look good in theory but fails in practice.

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    3. daniel bridges

      @workplace democracy What you’re promoting, then, is Marxism, right? It seems that all people don’t have the education or intellect, and so all people will not be able to participate in such ownership — i.e., Marxism may look good in theory but fails in practice.

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    4. Citizen

      @workplace democracy

      It sure sounds wonderful…. But in practice, inflation steals money from the Middle and Lower Classes, not the wealthy. The wealthy can adjust their prices quickly to keep their returns constant above the rate of inflation, poor and middle class workers BEAR THE BURDEN of inflation period!

      The working class will always remain 80% of the wealth holders. But a sound currency based on a redeemable hard value commodity ie.Gold Standard, permits the common working class guy to SAVE over the course of his/her career.

      But Inflation ruins that fundamental hope for a self reliant retirement. Governments constant money expansion simply dilutes the value of your homes, capital goods and any savings you try to accumulate.

      You Say… “abolishment of the fuedal style corporate system”

      YOU cannot abolish collective capitalism, (Corporations) people MUST organize their capital resources to build projects of large scales. There is no more efficient mechanism outside of corporations. And I do not mean “crony” capitalism, that’s just selective socialism, nothing more.

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  26. Citizen

    It IS inevitable that the USD will collapse and become a worthless money substitute.

    AND

    Then what will replace the FED Res Notes??

    I can’t help but believe that the New World Order (World Bank / IMF) will usher out a new world currency “tied to gold” or so the LIE will be told…

    Of course no “citizen” of any country will be able to redeem it in gold.

    Everyone will be REQUIRED to trade (buy and sell) with the new currency managed by the New World Order **Ministers of Just Wages and Fairness,

    And eventually the New World Order will reach new heights of enlightenment, and will require that all “good citizens” will accept the new uncorruptable ID CHIP implant…

    Yes I can hardly wait…. an exciting day to be sure!

    “*the same persons that exhibits near Divne Humanist character…you know the Ben Bernanke type.”

    REVELATION 18:3

    For all the nations have drunk the maddening wine (FIAT CURRENCY) of her adulteries. The kings of the earth committed adultery (DEBASED CURRENCY) with her, and the merchants of the earth grew rich from her excessive luxuries

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  27. nonotrush

    Unless this world is ready to press the “Master Reset Button”, there isn’t any way going back to any form of “Gold Standard”. We are all tied together by the dollar (major fiat) and other currencies and we would all have to be tied together by the gold standard as well. We were when it was first instituted, that’s what made it viable. To think we could go back without first dumping the dollar (all world currency) is a fairy tale. As we can no longer hide what Peter is doing from Paul in this day of instant communications, in order for any standard to become accepted the entire worlds economy would have to ascribe to it. What this would mean is the entire world would have to dump their current currency and accept a “share” of this gold. It would literally mean no currency of any type would have value, just gold (precious metals) would. Can you even imagine the consequences of this? The moment we believe we can somehow tie paper back to gold, is the moment it would all start over again — That is if there would be anything left to start over with.

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    1. Citizen

      @nonotrush

      A common mis-conception is that the classic gold standard is maintained by Governments… IT IS NOT!

      Our Government need only ADHERE to the Constitution….

      That is to “MINT COIN and regulate the value thereof…” meaning consistant weights, measures and purity

      NOTHING else need be done!

      Governments world wide are debasing their paper currencies in parallel fashion.

      Printing and exchanging Cyber Photon entries on computer screens, there is NO real money anymore.

      A partial audit of the FED revealed that they handed out FED credits of $7.7 TRILLION USD of OUR currency to World Banks, the IMF and to a select handful of Elitist Friends of Ben.

      The FED has no REAL MONEY , ALL they have left….is the promise of decades of AMERICAN SLAVE CITIZEN’S endless tax payments to pay for it. But even that is an illusion.

      We are living this Nightmare Scenario….

      DEBT beyond all comprehension.

      ONLY Ron Paul knows this…. and that’s why the GOP doesn’t want him to upset the “DEBT CART” as he is proposing to do!

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      1. nonotrush

        @Citizen You must realize that we have in circulation not less then 100 times the amount of currency as the world has gold. In other words, if we were able to buy all of the gold in the world, minted coins with it, and called in all paper money to be replaced with minted gold coin, the amount of gold in a $100 coin would be at least $10,000 of gold. So, what should we do about that?

        First of all, the above scenario isn’t even REMOTELY possible, so what route do you think Ron Paul will take to go back to this “gold standard” he is talking about?

        The only thing that can possible happen if and when we go off our current monetary system is chaos. There will be nothing anyone can do to stop this. This nation is the only nation strong enough to hold the worlds economy together (as much as it is anyways), and once we falter and fall, the world will come down with us.

        At this point, you may wish to imagine what probable course will be taken to help right the worlds economy. For sure, it can only be 1 or 2 things, war or joining hands. Which sounds better?

        Obviously, joining hands. As the world comes together, what do you suppose will be the outcome for a monetary system? I’m sure that are alot of folks here that can guess what that would be, as it was already predicted a couple of thousand years ago.

        I am not against Ron Paul BTW. But I do see where his good intents will lead us — It has too.

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        1. Citizen

          @nonotrush@Citizen

          Nonotrush,

          Yes I do realize the dire consequence that we are currently in.

          And assuming that we actually have the gold we claim, the exchange would be $52,000 USD per 1 oz gold. But conversion would require some massive “repudiation” of the DEBT. I..e a bankruptcy default!, which is where we are headed!

          World Governments will scramble to re-gain their strangle hold controls of confiscatory taxation and will declare a NEW GLOBAL CURRENCY based on a gold standard LIE!

          Keep in mind that Governments MUST FORCE a “Legal Tender” currency to control and confiscate taxes from its citicens, so there will be Martial Law that will prohibit barter using anything but their New Global Currency!

          “no man may buy or sell, lest he have the mark of the beast…”

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  28. biblicalfreedom

    Paul tells us that fiat money is stealing. But it’s really the gold standard that steals wages from the lower class and enriches the wealthy.

    Over the past century or so, both world and U.S. populations have doubled approximately every 50 years. So if the money supply stays the same (as is the case with the gold standard) while the population doubles, wages will fall by 50% in 50 years, because the gold must be spread out over twice as many people.

    Meanwhile, those who were already sitting on a pile of money at the beginning of the 50 year period will see that money double in value by the end of it. So, in 50 years, the gold standard doubles the buying power of wealthy people who have the luxury of saving most of their money, while it decreases the buying power of the half of the population that earns so little that savings is impossible.

    To make matters worse, this appreciation of savings contracts credit availability, which deepens depressions. Most people today, even in times of few investment prospects, invest in CDs, stocks and bonds (which provide capital to growing businesses) in an effort to keep up with inflation. But under the gold standard, most people will be content not investing in these things, because their money will increase in value over time due to deflation.

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    1. Citizen

      @biblicalfreedom

      Bible Freedom?… God created gold, and it became money for all people of the world to use.for over 6,000 years.

      Back in the 16th Century, Men created money substitutes, paper notes with the PROMISE to REDEEM in real money….GOLD!

      NOW there is ONLY paper notes and NO Promise to REDEEM in anything real!

      And now… only Lucifer and his minons have the power of the FAKE MONEY and they rapidly destroying our middle class and consuming our wealth for their demonic agendas….

      The demons can’t fight their endless wars without their paper money lie, they need to pay for the bombing of Libya and a Marine Base in Australia….

      The demons need the FAKE money to steal YOUR wealth to pay for the Expansion of the American Global Empire and to feed the Military Industiral Complex, aka “The Beast”

      Any Questions?

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      1. biblicalfreedom

        @Citizen

        Most cultures have not used gold for money over 6000 years. Coins didn’t exist until 600 BC. Most bartered with everything from gold to rubies (mentioned with gold in the Bible) to bags of grain (which is how workers were paid in Egypt). Even in Latin America, gold was decoration, but it was not money till the Spanish came to kill and enslave them so they could steal it. The fact that they saw gold as money caused war.

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  29. SoCold

    I’m not concerned too much for going back to the gold standard, as long as the bankers return them to the vaults like Fort Knox and is monitored and controlled by the people through the US Treasury. Then the valuation of our dollar, M-index would be re-valued to reflect the outstanding dollar amount currently existing. Say for simplicity sake there are 1 million dollars in existence and you have 1 million pounds of gold. In this scenario, each dollar would be valued and backed by 1 pound of gold. We can surmise what a pound of gold is worth in terms of exchange. But let’s take a more realistic approach. If there was 1 million dollars in existence, but if we only have just 1 pound of gold to back it, then your currency will be valued 1/1,000,000th of a pound of gold, which equates to very little. In reality this is probably closer to the case and presents our dilemma which might occur when and if this happens. What is the proper exchange for labor, the cost of a loaf of bread, as “hyper-inflation” will have to be addressed. All this have to work itself out. It seems like a challenge, a lot of turmoil will probably take place to render this transition, but I believe it’s necessary.

    Today, we can’t really compute this with great accuracy because all the bullions are probably “gone” or outright stolen and that we don’t have accurate M-index anymore. Also the many trillions of dollars “lost” by the government made our money pool blight with corruption, provides an unfair advantage to those who swiped the missing trillions, and let’s not forget the trillions in bailouts as well. Also, the derivatives market should be not be considered into this equation for all intents and purpose. Let the bankers take the loss. I figure that a certain type of currency exchange ought to take place with some loosely verifiable way of confirming one’s net worth, but I don’t have any idea what this would be or even present itself as a feasible solution. But I trust that Ron Paul has worked out the details because he has vast knowledge in the subject matter. Just my two pennies.

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    1. Citizen

      @SoCold

      In 1792 the Coinage Act DEFINED the “dollar” as 371 4/16 grains of silver. Gold was defined as 1/20th oz gold equaled $1.00

      http://en.wikipedia.org/wiki/Coinage_Act_of_1792

      The ONLY reason we have $15 TILLION in debt is because our Government PRINTED IT. Its not REAL MONEY, just cyber cash, photons on a computer screen!

      Silver and Gold are on a real dip… stock up now, it wil become scarce and much more expensive

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      1. biblicalfreedom

        @Citizen@SoCold

        Did you read what you just said? “We have $15 tillion in debt because our government printed it?” If the gov’t had printed the 15 trillion, then the debt would be paid by that money – problem solved. The Debt exists because we didn’t print the money to pay it off.

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        1. SoCold

          @biblicalfreedom@Citizen

          If US paid back the debt with fiat currency, it’ll provide more credence for it, giving the bankers who originally printed these phony money an unfair advantage. The least that should be done is erase all the debt paid in the form of bailouts and forgive any interest which was imposed on this fiat currency for the past 100 years, return all personal income taxes who volunteered unwillingly, have Federal Reserve System return all the gold back to the US Treasury, penalize the Federal Reserve banking institutions for the cost of the entire debt for the fraud they perpetrated against the people of the US, and then return to precious metals standards. The US government can then destroy all the excess fiat currency from this action, returning some of the value back to our currency, and then making the big banking institutions insolvent or send them to life in prison for treason.

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        2. Citizen

          @biblicalfreedom@SoCold

          Guess what Bible_Free….

          The REAL world (other country’s central banks) know that those T-Bills are rapidly becoming “worthless promises” and may soon not be worth the paper their printed on.

          And NO, they won’t accept pallets full of Federal Reserve Notes as payment, because that too is nothing more than printing press fraud.

          …”They” want to spend those TRILLIONS in American buying up our resources to exploit our grand childern’s futures, making US their personal slaves.

          Since 1913, the FED has facilitated this Socialist Progressive Agenda of spending “other peoples” money.

          Actions have Consequences….

          NOW we are broke and it’s time to pay the fiddler…. and

          PAY WE WILL, perhaps even with our very lives

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      2. biblicalfreedom

        @Citizen@SoCold

        As for gold prices, if there was $35 available for every ounce of gold, as was the case, in 1971 when we got off the gold standard, and the money supply has grown sevenfold (approx) since then, gold would be set at $200-$300 per ounce if we went to the gold standard tomorrow, because that’s how many dollars are in existence for each ounce of gold. So if you paid $1800 per ounce, you’re a sucker. That’s why the gold companies are spending millions in advertising to get you to give them your “worthlesss” cash for their “precious” gold. If the gold was worth what they claim, they would sit on it, not go out of their way to sell it to you!

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        1. SoCold

          @biblicalfreedom@Citizen

          Another issue is that it is very difficult to obtain the physical gold at market prices, unless you’re a millionaire, so that the gold you are buying is literally in a virtual form, and as you said, the price doesn’t necessarily reflect what its actually worth. It is possible they are cooking the books to sell to the investors an inflated virtual gold, which is probably not backed by real gold at all, but an empty warehouse or a vault full of gold plated lead. Who knows for sure. Electronic (virtual) trading is open to fraud and corruption. They can very easily be manipulated because of it centralization.

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  30. DannyDamianVega

    Ron Paul has the right idea to create debt-free money, but people need to realize that the Gold Standard won’t help. Essentially, we don’t have the gold to maintain America’s economy (internally). Today, international trade and wealth isn’t traded by gold, it is traded by U.S. Reserve Notes (U.S. Dollar). Switching back to gold will cause a depression, and our gold backed money would have value but not enough to sustain our international economy. So although the Gold Standard sounds like the right answer when looking at our current system, it isn’t. The answer isn’t fiat money or gold backed money, the answer is; well management of your system regardless of which one it is.

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    1. Citizen

      @DannyDamianVega

      Whenever the Government manages money, it is “never well managed”

      Governments and Central Banks are the tools of theft and corruption.

      REAL money is that which can not be counterfeited or printed.

      Commodity Money is the only FOOL PROOF money, you can’t just print it.

      p.s.,

      And NO, the gold standard would not cause a depression. It wouPld rest the power and wealth away from Government and put it back into the People’s hands where it belongs!

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      1. SoCold

        @Citizen@DannyDamianVega

        I agree with you in principle, but when the Fed stopped reporting it’s M-3 index back in 2006, we don’t know for sure how much currency they had printed for themselves, meaning when and if we return to gold standard, these crooks will still hold an unfair advantage and power over the rest of us, that is if you follow the logic “money=power”. I’m not comfortable in knowing that certain participants playing in this real life monopoly game, prints exorbitant amounts of unaccountable money which can still be used after we return to gold standard, and use this to perhaps create another bank crisis and then later give us the Federal Reserve v.2 as the solution.

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        1. Citizen

          @SoCold@DannyDamianVega

          Ending the Fiat Central Bank is KEY to eliminating the fraud.

          Banks can and should still exist, they are essential for any modern economy… but Fractional Reserve credit money creation MUST END!

          The beauty is that the Gold Standard is self sustaining and regulating. AS long AS, the government ONLY MINTS coins per the Constitution!!!

          The Constitution permits the OTHER states to mint gold and silver coin ONLY and any standardized gold or silver coin could be used!

          Canadian Maple Leafs,

          Austrailian Kangeroos,

          Austrian Philharmonics,

          S. African Krugerands,

          Mexian gold pasos,

          Chinese Pandas….

          ALL of which are minted with a common weight and purity standard!

          Happy New Year and Ron Paul 2012

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  31. starkst

    this is great, very informative, people are waking up to how deep this hole is, its now so deep we can’t climb out, and instead of digging into the sides to make a slope or steps out, the government just tells us to keep digging till we reach China. Its sad people like my brother think printing money for the poor is a fix.

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  32. john lockes ghost

    I believe it was FDR that took us off of the gold standard replacing it with the silver standard. LBJ took us off of the silver standard. I’m not sure of the effect of replacing the gold standard with the silver (it occurred during the great depression), but when we moved off of the silver standard, it was business as usual. Going back onto a monetary system backed by a precious metal, however, will make all currency not backed by the standard, worthless. Financial institutions dealing with currency will fail, but not the Fed. Investors who are stakeholders in companies that own hard physical assets (products and the tools that manufacture those products) will continue to prosper, but those that don’t, won’t. If you are the owner of a surviving company, it might not be a bad idea to get your stock certificates from whoever is holding them rather than depend on the financial institution. If you’re into mutual funds, you may lose everything. BTW, the reason the Fed won’t be hurt (although they will no longer be empowered to control our money) is that they have a hoard of precious metal stored in a hill somewhere near U.S. route 29 and state route 3, in Virginia. It may become a battleground.

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    1. Citizen

      @john lockes ghost

      FDR “confiscated” the Gold from Citizens. But the US was technically still on the gold standard with regards to other nation trading powers. Our trade surpluses and deficits were settle with gold bullion transfers for accounting between soverign nations.

      JFK attempted to return the US to a Silver Standard when he issues Executive Order 11111 in June of 1963, which authorized the US Treasury to print competing “Silver Certificate notes, redeemable to the bearer on demand in silver.. He paid with his life that November.

      LBJ quickly canceled that order and ALL Silver Certificates issued by the US Treasury vanished. Also Las Vegas began pulling it’s silver dollars from their floor operations to prevent silver hoarders from taking them home. They went so far as to “deface” the coins, grinding the dates off, so that they would be less desirable to collect. But that didn’t stop the outflow of the coins. The silver content was more valuable than the USD.

      ..

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    2. Citizen

      @john lockes ghost

      AND

      LBJ pulled the silver out of the USD coins since he had to pay for the Viet Nam War somehow, so the FED could print more paper to cover the debt without citizens melting down the silver to preserve their savings.

      RMN (Nixon) broke the Brenton-Woods agreement in 1971 and the Gold Standard was finally gone at that time, and the US Gov and wrecklessly spend us into this mess with the help of FED’s majic printing presses,

      Instant Money out of Thin Air

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      1. john lockes ghost

        Thanks for the info, but regarding paying for the war,who did we have to pay with silver backed money while denying it to the general public? @Citizen @john lockes ghost

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        1. Citizen

          @john lockes ghost Good question and few people understand this process too.

          War is paid for by Fiat Currency!

          The money is created via Cyber Generated means (out of thin air) and paid to the Military Industrial Complex of vendors and contractors,

          1) they alone are making huge profits at the Tax Payer’s expense.

          2) since it dilutes the common citizen’s savings while

          3) currying special favors to the “Chosen Government Elites” who politically support the administration with these lucrative contracts.

          The DEMS do it with Unions and Green Energy Complex.

          It will come out that the Solyndra bankruptcy paid the Obama elites a hefty re-election “donation” out of borrowed money.

          Government Motors, General Elections and several others also play this Pay to Play game.

          Both the DEMS and GOP are equally guilty of this Mass Transfer of wealth from the poor and middle class to the top 5% Elites running this country.

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        2. Citizen

          @john lockes ghost Good question and few people understand this process too.

          War is paid for by Fiat Currency!

          The money is created via Cyber Generated means (out of thin air) and paid to the Military Industrial Complex of vendors and contractors,

          1) they alone are making huge profits at the Tax Payer’s expense.

          2) since it dilutes the common citizen’s savings while

          3) currying special favors to the “Chosen Government Elites” who politically support the administration with these lucrative contracts.

          The DEMS do it with Unions and Green Energy Complex.

          It will come out that the Solyndra bankruptcy paid the Obama elites a hefty re-election “donation” out of borrowed money.

          Government Motors, General Elections and several others also play this Pay to Play game.

          Both the DEMS and GOP are equally guilty of this Mass Transfer of wealth from the poor and middle class to the top 5% Elites running this country.

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  33. Citizen

    Eat the Rick to Pay for Government Excess Spending….

    Sure RAISE TAXES…. on the Rich, why not!

    But wait a minute…

    Do the Math as Bill Whittle does on this short video (good fun)

    http://www.youtube.com/watch_popup?v=JY8LKII_MNA&feature=youtube_gdata_player

    Even taking it ALL isn’t enough to cover Government’s 2012 Operations.

    TEA

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  34. cf_pro

    If Ron Paul is able to get rid of the Fed, what would happen to our money?

    Will it devalue greatly, because we find out that our money is not backed by all the gold the fed said they had?

    Will gold skyrocket per ounce in order to stabilize our currency?

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    1. Citizen

      @cf_pro

      Hi cf_pro, does the “cf” stand for Counterfeit? Well anyway…

      The only value that Fed Res Notes currently have is “the good faith and credit of US Gov”

      They are no longer redeemable for anything tangible other than another paper note.

      As for gold…. and all other commodity metals, they will ALL skyrocket once the FED floods the market with container ships of fiat paper money.

      Essentially that will happen when the bogus credit flood gates are opened up like they did for the housing industry.

      Right now, the flood of bogus money is going to the Big Banks to make them BIGGER and then to the PIGS in the EU through the IMF

      As for the “good faith and credit…” part

      The FED is a “dead bank walking” eventually it will collapse along with Americas USD currency. For now they are doing a great job of playing shell games between the many central banks to keep the people pacified.

      So YES, the Fed Res Notes will plunge in value purchase less and less until no one will use them any more.

      Naturally, gold and silver will rise inversely.

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      1. cf_pro

        @Citizen No CF does not stand for counterfeit :)

        So metals will skyrocket., and paper money will become useless.

        So how are we supposed to buy stuff online?

        How do we buy stuff at our local store?

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        1. Citizen

          @cf_pro@Citizen

          It’s pretty simple…. YOU WON’T!

          Once any currency collapses economics goes back ot face to face barter.

          There is a remote chance that some “reputable” banks (I know… oxymoron) may offer bullion commodity money exchange services.

          In other words, “we”, deposit gold, silver, platinum precious metals with them and the cards would credit and debit your “on deposit” holdings.

          AND it would be credit/debit card (money substitutes) business as usual, except with REAL COMMODITY money backing your transactions.

          Oh and if the Bank attempts to lend money it doesn’t have, i.e. Fractional Reserve Banking…. JUST SHOOT HIM!

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        2. Citizen

          @cf_pro

          Oh I forgot…. and do not accept anything but gold or silver money as payment for your labor!.

          Of Course…

          You’ll be making 1950′s wages again,

          $0.75/hr paid in silver or gold but you’ll only be paying 1950′s prices too.

          Happy Meals for $0.55, super size for an extra nickle…. enjoy!

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        3. cf_pro

          @Citizen I guess I can live with that, as long as it fixes our monetary policy.

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        4. cf_pro

          @Citizen What about all the debt we owe to other countries, how will that play out? What about oil, will that be affordable? Right now we have a stranglehold in using the dollar to pay for oil, when the dollar collapses how will that affect us getting oil at a decent price. If the price is obsurd, then it really screws everything up in the US. Closing down the fed sounds good, but I am just worried about all the domino effects, and how that is going to effect our daily lives.

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        5. Citizen

          @cf_pro

          Your right to be concerned.

          America has been on a “gluttony” binge for 40 years, spending money we don’t really have. We just printed it from thin air.

          And yes, when the dollar collapses the party will end!

          Those Arabs Oil men will start demanding REAL money instead of that paper we’ve been printing and shoveling out like manure, and mostly generated in cyber space on the FED computer.

          In summary… Governments always use Central Banks as their mechanisms to steal our wealth redistribute the rich. The poor and middle class pay and the rich get much richer

          The “domino effect” will be ugly…. expect Marshall Law, especially in the major cities. You might want to stock pile 6 months of dry foods,. unless you just like being feed from the back of a army semi truck.

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        6. cf_pro

          @Citizen Why should I vote for Ron Paul, and force this to play out in 2013? People are going to find letting the government play the shell game longer to delay the inevitable more favorable. I think it makes more sense for Ron Paul to come up with a good transitional plan that does not have a doom and gloom outcome. Maybe using the gold that is available in the FED and use it for transitional purposes that will allow america to ease into this new phase.

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        7. john lockes ghost

          Now you’re talking. A transitional plan must also include reinvigorating our manufacturing capacity, because it, together with our agricultural production are the foundations of our economy. Globalization, one of a number of hoaxes perpetrated by our government against the middle class, has caused the outsourcing and off-shoring of jobs and businesses and, therefore, a diminishing of our industrial strength. Important skills like machinists, for example, are fast fading from our skill inventory to such an extent that, although I am anything but a war monger, we must still exercise vigilance to defend ourselves militarily and, therefore, be able to repair military equipment. Believe it or not, we are incapable of doing so today. @cf_pro @Citizen

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        8. cf_pro

          @Citizen Have you looked into BitCoin?, something interesting is brewing there. You basically transfer cash into the bitcoin system, and it’s being traded on a virtual exchange. It’s trying to find it’s bearing right now, but once it stabilizes it could be a very interesting alternative to any currency and/or precious metals. Right now it could compete head on with western union. Check out this article http://www.wired.com/threatlevel/2011/12/bitcoins-comeback/

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        9. Citizen

          @cf_pro Yes I’ve visited BitCoin and it is an interesting concept.The problem remains that a “bitCOIN” MUST still be representative of some REAL WORLD tangible object. Weather it be the price of a bushel of corn, bale of cotton, ton of iron or an ounce of silver (ref 1792 Coinage Act)

          Absent a real work commodity that is traded in the Free Market, cyber digital numbers are meaningless numbers.

          A solution might be if they became a respository of gold and silver bullion coins that people could send Fed Res Notes to and convert to REAL money. Then the BitCoin could be tied to something real and tangible. Ergo, you or I send them $10K Fed Res Notes and they would give back a receipt (at today’s bid) for 5.986 1 oz gold eagle coins. Tomorrow, might be a higher or lower value…. but the

          FREE MARKET determines prices NOT Government Dictates or FED Dilutions on a whim!

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        10. Citizen

          @cf_pro The common mistake made by most is that “Government” must fix the problem.

          What most people fail to see is that Government is the DIRECT CAUSE of the problems by their incessant Monetary Interventions, Restrictive Regulations, and Crony Capitalism.

          A “FREE MARKET” lets the Consumers be Kings, making the choices as to what’s best for them, NOT some remote Central Planner (Uncle Ben) who is keeping interest rates low and the retired persons are paying the price in both price inflation and low returns on savings! The Worst of Both possible worlds!

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    2. MattPapke

      @cf_pro Ron Paul will not get rid of the fed initially, he will allow the markets to do so by allowing gold and silver to be legal tender again. The people can choose how they wish to be paid.

      Zimbabwe has hyper inflation here is a 100,000,000,000,000 note

      http://www.ebay.com/itm/100-TRILLION-ZIMBABWE-DOLLARS-CURRENCY-MONEY-INFLATION-BANK-NOTES-MINT-UNC-BILL-/120793060726?pt=Paper_Money&hash=item1c1fd3d576

      It is not impossible or unreasonable for the US to experience hyper inflation if the dollar collapses. Lets work to right the ship now before it’s too late.

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    3. biblicalfreedom

      @cf_pro

      As for gold prices, if there was $35 available for every ounce of gold, as was the case, in 1971 when we got off the gold standard, and the money supply has grown sevenfold (approx) since then, gold would be set at $200-$300 per ounce if we went to the gold standard tomorrow, because that’s how many dollars are in existence for each ounce of gold. So if you paid $1800 per ounce, you’re a sucker. That’s why the gold companies are spending millions in advertising to get you to give them your “worthlesss” cash for their “precious” gold. If the gold was worth what they claim, they would sit on it, not go out of their way to sell it to you!

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  35. Citizen

    Is there ANY QUESTION..now that Ron Paul is RIGHT about what it will taket to save our economy from collapse

    http://theeconomiccollapseblog.com/archives/50-economic-numbers-from-2011-that-are-almost-too-crazy-to-believe/comment-page-1#comment-91369

    The Stats are truly freightening, the FED Money Machine combined with the DEBT is grinding our country into the dirt.

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