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Malinvestment is freedom, Ron Pall.
The new monetary system is the old monetary system: determined by the free market and not by the cartel of the Gold Standard.
At least with free currencies, a country does not loose its gold reserves.
averageworkinggal 2 years ago
Increasing the money supply does not cause inflation. It depends on how much of the money is employed.
The money supply is not going to be employed like before because bank leveraging will be much less than before due to new risk management requirements and increased capital reserves mandates.
The money supply today and in the future will have much larger reserves idling the money and preventing it being employed, thus no inflation.
averageworkinggal 2 years ago
The Fed does not provide capital, which is free money.
Banks can only borrow from the Fed and must provide AAA collateral under normal circumstances.
Banks have to pay the loans back.
Gold and Silver is not mandated by the Constitution.
Ron Pall still does not know what the Constitution says.
The Gold/Silver clause is a restrictions on the States to prevent competition to a national currency.
It does not restrict Congress.
The monetarism solution already exists: the Taylor Rule.
averageworkinggal 2 years ago
Doesn't Ron Paul know that Rothschild has 70% of the world's gold?
shitassedshitmaster 2 years ago
Keep sticking it to the bastards Dr Paul!
Sexymike86 2 years ago
Isn't this guy the clearest, most practical man in the corrupt US gov't.
Why didn't you people elect him?
America will pay a severe price for ignoring this man.
This is just the beginning of a long slide down into depression.
4 areas to be exposed to the financial system are:
- derivative bets defaults/swaps
- commercial real-estate defaults/swaps
- credit card default swaps
- student loan defaults
Research it for yourself - and be afraid you deserve to be.
pulpBleacher 2 years ago 2
THANKS DOC,you make me push on into the great unknown,the point of educating all people I know is duanting,they think I'm nuts and then I see you,and realize Your burdens are much greater than mine,and I know it's time to lace up the boots and go harder than the day before.Thanks
isthatfunny 2 years ago 2