Peter Schiff talks about the Gold Standard and U.S. Manufacturing

[ManosOceano]

Gold standard will rape earth and drive humanity mad. Dr Ron Paul must consolidate his "Au"rgument or bite the dust.

[hoodoo961]

Why can't it be paper we run off the presses? Its been that way since 1933.

[billysunerson]

@hoodoo961 Because if the supply can be arbitrarily expanded by government, there will be inflation. That means the money you have loses value. You can save it in a bank but it will be worth less and less.

[MsBusiness101]

We should be able to set up a business in one day like Hong Kong allows. This is what Peter means by little regulation you don't have to jump through five hoops over a period of a week/month before you start your business. Our country would have a certain amount of gold with a one to one ratio to paper dollars. Excess amounts of dollars to gold means that their is less value to the paper money also know as INFLATION. Returning to a GOLD STANDARD will prevent inflation, keep prices the same.

[DerAdler2]

Gold is money,paper is not.

[shouldlistentoronpau]

Don't get me wrong (Peter is very intelligent and I completely agree with him) but he could have done a better job explaining.

[Finnbar01]

Silver is also important.

[mrargon87]

Peter Schiff is the man. Everytime i hear him talk i think to myself what a stud. I wish i would have been following his advice for year instead of the morons i use to listen to. Keep it up Peter Schiff.