Ron Paul Explains His Plan For "Monetary Freedom" And Returning To The Gold Stan

[Gary G]

written by Tyler Durden on 11/28/2011



Ron Paul lays it out: "We know what to do - we did it once after the Civil War period, we went from a paper standard back to the gold standard, and the event wasn't that dramatic. But today the big problem is that both the conservatives and liberals have an big apetite for big government for different reasons, therefore they need the Fed to tie them over and monetize the debt. So if you don't get rid of that appetite it's going to be more difficult, but the transition isn't that difficult. You have to get your house in order; you have to balance the budget, you have to not run up debt, and you have to promise not to print any more money... I would like to have a transition period and just legalize gold money, gold and silver as legal tender, and work our way back... We want to legalize the use of gold and silver as the constitution dictates, rather than punishing the people who try to do that... I am quite convinced that the system we have will not be maintained - that's what these last 4 years was all about, and that's what the turmoil in Europe is all about. The question is are they going to move toward a constitutional form of money. or are we going to go another step further into international money - instead of having an international gold standard based on the market, are we going to go toward a UN, IMF standard where they are going to control with the use of force another fiat standard. I consider that a very, very dangerous move." And precisely due to that piece of phenomenal insight which nobody else in the GOP or Democratic roster is even parsecs away from grasping, is why Paul can never be allowed to be elected, why he must be mocked and ridiculed by a co-opted ADHD media which focuses on how many mistresses some other idiotic presidential candidates has, instead of focusing on the one person who grasps the big picture: the status quo can not be held accountable to a political leader who understand not only how the system is rigged, but why it is broken to begin with and that there actually is a way out. However, to the "status quo's" chagrin, one that involves the wiping out of generations of plundered middle class wealth to keep the richest denizens of 'extremistan' ever richer.
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I agree with Tyler Durden, a people can never be free as long as the government controls the money; we will all be poorer. Money is half of all transactions which means government has control over you.
The period of time from returning back to the gold standard until about 1910 was the most prosperous years of America's history. In 1913 the Federal Reserve was created by bankers for bankers.
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Here is Ron Paul:
http://www.youtube.com/watch?feature=player_detailpage&v=Cj-0B_60NkkFor a better understanding of the monetary system, I would recommend this book:
http://mises.org/store/Product.aspx?ProductId=262&utm_source=Resources

[Singleshotsam]

In the crisis our country is undergoing economically, and after reading what Ron Paul has to say about fixing it, how do you not support him?  The man has a plan to cut trillions in spending yet there are people on here that do the hear no evil, see no evil, speak no evil move whenever his name is brought up.  Great thread Gary.

[BBF]

IMO if this was even overwhelmingly supported it is so far from being possible that any effort to achieve this is a waste of time and energy.

[Heather]

IMO if this was even overwhelmingly supported it is so far from being possible that any effort to achieve this is a waste of time and energy.

\


The product of political brainwashing at its best.   NEVER UNDERESTIMATE THE IMPOSSIBLE!
Heather

[blind ear]

A "gold standard" could be not subsidiseing a privately owned Federal Reserve System with free taxpayer money and then giveing them more taxpayer money to cover thier extreme blunders In what they allow thier borrower banks to do through SEC rules. ear

[Gary G]

The gold standard is coming!


Our present monetary system is based on debt. The Treasury needs money, the Fed creates the money out of thin air, it is given to the Treasury in exchange for bonds (debt) for which we have to pay interest. It is exponential in process and as we all know exponential systems speed up rampantly near the end until it comes to its finality. A currency crisis is on the horizon; whether in two months or ten years, I don't know. Keep in mind, the dollar is the world reserve system. It will begin when the world begins to loose faith in the dollars ability to hold it's value. From the creation of the Fed in 1913, the dollar has already lost 96-97% of it's value and that too has been exponential.


Historically gold has always held it's value because it is so work intensive to get out of the ground and limited. For that reason, gold has always been used as money (except for the last forty years). When the dollar fails, no one will trust fiat money. I am sure fiat will be tried because overbearing governments don't want to loose control of the money. In the end, it will be a gold standard. How much pain will they inflict on us before then???

[BBF]

So how would you set the exchange rate for a gold US Dollar to a paper currency from another country when these change hourly. Since my brain is "washed" I can't figure this out unless all currencies are based on a gold/silver platinum  or ?? standard which is set permanently.  Keep in mind that you don't want to kill your export business and most of your foreign customer won't be paying with gold or similar.

[Gary G]

So how would you set the exchange rate for a gold US Dollar to a paper currency from another country when these change hourly. Since my brain is "washed" I can't figure this out unless all currencies are based on a gold/silver platinum  or ?? standard which is set permanently.  Keep in mind that you don't want to kill your export business and most of your foreign customer won't be paying with gold or similar.

It would be a worldwide occurrence. As soon as one country commits to a gold standard, capital would flow to that country making them wealthy at the expense of all other countries. All countries would rapidly follow.


It would be better if weights of gold were used and the price determined by the market, rather than country specific coinage with artificial values attached which leads to problems. This is the way it once was. It would not be that hard if all legal tender laws were abolished and the people could have what ever money they wanted. As it is, we the people are stuck with a currency becoming worthless. Currently, true inflation is running at 10-11%. They are making all the dollar almost worthless to save. Any savings not earning more than the rate of inflation is losing true value. Without savings, capital for production is hampered and unemployment is high. Ron Paul brings up just such a bill every year to legalize all money so that we can protect our self from the coming currency crisis and it always gets shot down.

[Singleshotsam]

Keep in mind that you don't want to kill your export business and most of your foreign customer won't be paying with gold or similar.

What export business?