RON PAUL CALLS AMERICAN PEOPLE WAR CRIMINALS, RON PAUL GIVES AMERICAN PEOPLE BAD REPUTATION AROUND THE WORLD. NOW NOBODY WILL BUY PRODUCTS MADE IN USA, THANK YOU SO MUCH RON PAUL UR REAL PATRIOT! GOD BLESS UR FAMILY MAY UR CHILDREN LOOSE THEIR JOBS , I WILL PRAY !
"economic models and financial stuff are not rocket science, though jew idiots do their best effort to make them look like"
Yeah lmao all the graphs & charts & complicated terms WHY? Just to refrain 99%+ people to refrain from studying it so those who're in-charge of money keep ripping off the everyone & since money is THE most important thing, anyone who controls money controls everything else. Nice plan but its collapsing now lol
I need to do a lot more research on the matter, but it really does seem like statist economists have band-aid solutions and explanations for the economy, nothing quite as elegant or all-containing like the Austrian theory.
What hoodoo says, and now that we are mining all materials at retarded rates we should push for it now because a dollar will turn into 20 dollars AND that 1 dollar worth 20 will turn into 1 dollar worth 21 dollars, then 22 dollars as gold mines close down and less is found
Every industrialized nation in the world has a central bank that issues fiat currency. Its the way it works, its a fact of the modern world. Reactionaries need to get over it, read a little macroeconomics, and stop arguing for a barter economy. Gold or fiat, its all money, and none of it has any utility. Gold and silver can inflate to.
Gold only inflates if a large amount of it is mined at one time. This never happens. Gold is found slowly, so the supply doesn't grow fast enough to inflate.
The fact that every nation in the world uses fiat money is a terribly argument for it. Firstly, because it's an "argumentum ad populum" argument. Secondly, the global economy is in terrible shape because of fiat money. You clearly don't understand the purpose or history of money. There is no reason for government to control it.
Why don't you people stop beating around the bush and just start arguing for what you really want...a barter economy. It would be entirely free market, no government monetary authority, and could not inflate. Any currency, any system of credit is subject to inflation and distortion. Just read about the gold induced inflation of the 17th century, if you are so inclined.
The only thing that I'm advocating is freedom. If people want to use barter, they're welcome to do that, although it's inefficiencies and 6000 years of history would suggest that people would gravitate back to precious metals. Fiat currency is completely an invention of government monopoly. It would never arise in a free market. But if you wanted to continue to use a fiat standard for your money, I'd defend your right to do that. It's stupid, but that's your right.
There is not a large enough supply of precious metals to be functionable in the modern economy. Credit created by the Fed is bad...but credit dug out of the ground is great? Money is money, whether paper or metal, it is intrinsically worthless, it has only exchange value.
"There is not a large enough supply of precious metals ..."
You have a severe misunderstanding of what money is. Money is a representation of goods. If the number of goods increases, but money stays the same, we all become richer because our money has more purchasing power.
"Credit created by the Fed is bad...but credit dug out of the ground is great?"
The gold supply grows so slowly that it can't cause a boom. But fiat money is easily manipulated: just add a couple zeroes to a balance.
Exactly! Eventually, one medium of exchange wins out as it prove to be the best tool of exchange for goods and services. 6000 years of history has shown that Gold and silver will eventually win out! Simplistic!
even a 'pure' barter system (no fiat or precious metal standard) is subject to manipulation, even though it is by far the best system, bar none. famines and artificial shortages can be created by those with the economic incentive to do so. Just look at diamonds. People just need to be more intelligent and have a sharper understanding of how economic models work, which is a stretch.
Yes, the history of gold standard is the history of deflation, not inflation, when the money supply does not grow fast enough to keep up with the amount of goods and services in the economy. Deflation Deflation Deflation= gold standard. Gold leads to DEFLATION.
Why in the hell should the money supply grow to keep up with the economy?!?!
Falling prices are a sign of an increasingly efficient economy. When you print money, you steal the otherwise increased purchasing power of the middle/lower class, and you transfer it back to the rich.
Don't listen to this propaganda about the necessity of a growing money supply. Use your brain and think for two seconds about what is really going on. A dollar with increased purchasing power is a great thing!
An argument in favor of deflation. That has to be the dumbest thing I have heard yet. falling prices discourage increased production, duh. Less jobs with deflation, read a little history before spouting brainwashed nonsense.
Deflation does not discourage production because the prices of EVERYTHING fall, including the factors of production.
And before you retort, the housing crisis was NOT deflation. It was a correction. Houses were overpriced and there were too many of them, so the prices fell.
I will not dispute you on the housing claim, because you are right about the ridiculous housing bubble. But seriously, look at the history of deflation. You cannot possibly believe it is a good thing.
Please study Fractional-Reserve-Banking which ends up creating "non-existing money" & it is "vanishing" of this money (often intentionally) is what leads to SUDDEN deflations,recessions & depressions benefitting those who control the system ie bankers & politicians & their business-budies ( watch?v=lXb-LrVkuwM ). Under REAL gold-standard there'd GRADUAL deflation ie every dollar you save today will buy more goods/services in future
@hoodoo961 Of course it's a good thing. I can buy more with one dollar than I used to be able to buy? That's progress, my friend, not economic failure.
@RKAddict101 But what if you have more dollars- the point is to grow income and total purchasing power, but inflation and deflation are both distortionary. Economic progress is measured by increased production of goods and services per capita, not a swelling of a currency. Think of it this way: if we halved the money supply tonight, would we all be twice as rich tomorrow? Our dollars would buy twice as much, right? Read Irving Fisher on debt-deflation for more.
@hoodoo961 I'm not saying deflation is good thing, I'm disagreeing with the causes of deflation. Deflation is caused by a decrease in the money supply, not by a decrease in the money supply RELATIVE to production. Inflation is the same. If I increase the money supply, it is STILL damaging even if production is increasing. If the money supply is fairly constant, such as in the case of gold, neither will be much of a problem.
"Japan's central bank began cutting rates more than a decade ago, but the country remains mired in a stagnant economy. Ultimately, interest rates were cut to zero, where they have remained for several years. This rate cutting has failed to stimulate the economy, however. The Nikkei stock market index remains at 1980s levels, while Japanese unemployment recently exceeded 5%, the highest rate in decades."
I thank god for letting people like you to exist. After all someone has to buy things at sucker's rally so I can get out. I gave you thumbs up for this reason. As for your logic, I will take gold(up about 250% since 2001) over the dollar(USD index at 120 in 2001 and 85 today)
Gold might have fallen but this is only temperate. The dollar has risen because the government is promising to bail out companies and wall street. However as the fed prints more money inflation will continue to debase the dollar.
Look at historical records and compare them to the present. Gold maintains its value.
You are an idiot to think the dollar will hold its value.
I guess you are the type of person that watches fox news.
Also, the price of gold is being manipulated lower by large bank shorts. This is only temporary however, but may lead to a systemic failure in the comex markets. If you don't believe the price is manipulated, try to buy some physical gold at anywhere near the spot price.
1835 is when Andrew Jackson defeated America's 2 central banks and paid off the national debt. between 1836 and 1913, when the FIAT Empire aka Federal Reserve/IRS was created. The nations economic growth and overall safety and sovereignty was at its finest. The Federal Reserve/IRS is nothing more than a tool to transfer wealth from the lower and middle class and give it to the elitist/upper class. Continue being a sheeple. Don't let me waste rounds on your ass on the battlefield soon to come. :)
Civil war between 1861 & 1865 had nothing to do with freeing the slaves. It had everything to with England pumping money and resources into the south to keep the slave trade going for textiles. Without the cotton that was being shipped to England to make clothing and various textiles England's economy would see a recession. Just like Israel is using Afghanistan as a center for opium/ecstasy trade. It's all about the money. History is written by the winners and not by losers. Decipher it if u can
Ron Paul is amazing, he's remained consistent for decades while politicians like Obama and McCain will adapt their views to what audience they are speaking to. It's a sad day when money holds power over integrity.
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Dear Ron Paul supporters, please continue to uselessly give all of your money to Ron Paul as you have been doing. That way you can all be broke and he can spend it all on worthless, without-a-prayer campaigning. All the while the Fed will continue as it has been, and should be, and I will still have a job.
You really think people arguing for a smaller government and less taxes are "giving all their money to Ron Paul".
Your argument has no merit - none. McCain and Obama don't need to fight for endorsements; they are no threat to the bureaucracy nor the central banking system and so the people with the real money will have no qualms throwing billions of dollars at them - but Dr. Paul is for the people and against beauracracy and central banking - which means he needs our $20 investments.
And by "you people" I mean "morons who have no idea what you are talking about".
Anyway, your cause is officially "lost". Everyone is now blaming grilling The Fed for the EXACT OPPOSITE REASONS you people are. You people want total deregulation, way more than The Fed wants. Like The Fed or not, you have much more regulation to look forward to.
Actually, the reason the system failed is BECAUSE the government interfered. They mandated that FNMA and FHLMC make a number of sub-prime loans. The market crashed due to the numerous foreclosures causing AIG to deplete its cash reserves for lending institutions who lent indiscriminately at ARTIFICIALLY LOW rates (thanks to the Fed) to anybody with a social security number (thanks to Congressional mandates), and bought derivatives to compensate for it. In a phrase, market bubbles always burst.
i'm starting to think that the fact the politicians and people have allowed the fed to come into existence and STILL THRIVE is what's wrong. the fed isn't wrong. the fact we allow it is more wrong..
Yes, WE THE PEOPLE are the problem. Conversely, we are also the solution. The solution is inside each American - virtue, [God-based] self-reliance, and vigilance will solve anything (over time).
The only way to overthrow a government is through revolution, and the only way revolution takes placed is when people are in an extreme state of unrest. Unfortunately the feds are aware of this fact and will try their hardest to make sure the people are not driven to the point of going off the deep end and taking up arms. Of course if history is any indication the bureaucracy that is the US government will eventually slip up and people will revolt if things get bad enough.
I can't believe that Ron Paul has been in congress for 32 years and still noone is really giving him the time of day. People need to wake up and open their eyes!!
Help wake the American people to this issue. Lets "End the Fed". Join the Great American Strike. Watch this video:
/watch?v=EkxCdmhCqU0
If you're game, download it to your computer and upload it to your account. Or just spread it around to your friends or family. Join us on April 15th. "For Liberty"
anyone know whats dr. pauls take on dealing with people with disability, besides voluntary work? is he open to the idea of govt. taking care of these class of people without doing harm to the greater? but again, where would the money come from?
He has talked about that in different interviews that you can find on youtube. His position of weening the nation off wellfare would take into account those who aren't able to work; these would be the last people to be removed from the systems. After they have been removed or opt out of the system he suggests that charitable organizations, people, and church once again step up and assist those in need. It wouldn't be just like the past because we learn from our mistakes.-institutions
Even if Ron Paul loses we can abolish the Federal Reserve. Petition your local Congressman to Repeal the Federal Reserve Act! We already have a form set up. Fully automated for your convenience. It just requires an interested individual to fill it out and electronically send it to their congressman. doesn't get any easier.
On April 15, 2008 the largest protest in recorded history will take place. The strike to abolish the IRS and the Federal Reserve! We are aware of the IRS and FED deceit and theft of our property. April 15 will stand as the first peaceful defiance of our corrupt system. Visit "w w w . taxday08 . com" (remove spaces) for details and pledge to show your participation today on "w w w . ronpaulmarch . com"
drumjod "I think full medical coverage would allow many disabled Americans to contribute to the increase of goods and services."
Wow, that was dumb. :)
Nothing wrong with helping the disabled. But when the government takes $1 from taxpayer person A, removes their cut, then gives $0.80 to person B. This is a proposal to stimulate the economy, Joe Shmuck style.
The federal reserve should be eliminated. The US Treasury is the worlds' largest couterfieting operation. How can we work all of our lives in earnest for a peice of paper that is basically only worth a nickel or less, no matter what number is printed on it. It's the same peice of paper and ink. It costs the same amount for manufacturing. That is the key "word". Paper Money is manufactured! America has been brainwashed into believing that PAPER is GOLD when it is not?
So if immigration increases, the amount of goods and services increase, which strengthens the US dollar, right? I think full medical coverage would allow many disabled Americans to contribute to the increase of goods and services. The $7 trillion national debt seems more important than stock investment tax deduction. Isn't it best to pay off our loans before investing? The war is expensive, and people are dying. Do you care?
The issue isn't whether or not disabled Americans should get full medical coverage - nobody thinks they shouldn't that I know of. The issue is whether or not it's necessary for the Government to be the middle-man between the people who think they should get coverage & the people who need that coverage. If you think people should get medical coverage, and I know lots of us do think so, then donate money directly.
Involving government in charity simply introduces beaurocracy into the process, which is almost certain to become corrupted somewhere along the line. No one wants people that need medical coverage not to get it, but how about instead of trying to force everyone else to pay for such programs through taxes - we lead by example & donate to charities we deem worthy - I think humans are capable of doing good deeds without governmental intervention.
Government introducing bureaucracy? Healthcare is run by corporations each with individual plans. This is why 25 per cent of money spent on healthcare goes to paperwork and not treatment. It's simple and efficient to just say everyone is covered--no need for tailor made plans. Currently healthcare is private, making it public allows for the people's voices to be heard within it.
Government monopolization isn't going to solve lack of efficiency in the healthcare system, & it won't happen anyway, their industry's lobby is far too powerful. All that this healthcare reform talk is most likely to accomplish is exactly what they already have in my state of Massachussetts, where it's now illegal not to have health insurance. Yeah, everything's fixed here now, all those people who bought mansions & BMWs instead of health insurance will finally get theirs!
Significant change always comes from the voices of the people. That's way the model conservative Bismark in Germany was the first to introduce social security. the German people demanded something to address their needs and so Bismark comprised his authoritarianism--succuming to democracy before elections. Healthcare can be based on something other then wealth if the people demand it regardless of the leaders. Or so I think--hey it happened in other nations.
andersoncouncil65: yeah, & then social security lived happily ever after, & the money we pay into it will most definitely still be there when we're old & expect to get it, because bureaucracy solves all problems like duck tape...
leitermann: Social security is fine. Just look at the money spent on Iraq. Social Security would need a thousandth of that and creat a lot less poverty.
By the way, have you looked at your side? It doesn't seem corporations are doing to well either. Say goodbye to your 401 K plan. Corporate gamblers have put there money on the wrong color again.
Programs like Social Security are something like 30 trillion dollars in debt. They are NOT fine, nor would they cost a small amount compared to the war. Not that I support the war either.
CNN: "We're underwater to the tune of $50 trillion, and that number is going up three to four trillion a year on autopilot. So we need to start getting serious soon in order to make sure that our future is better than our past," David Walker, the head of the Government Accountability Office, told CNN in a recent interview.
By the way, this is mostly "Medicare, and also Social Security and Medicaid."
Respected economist were not in fear of social security UNTIL Bush got into office. His CONSERVATIVE policies pissed away our surplus, which would have prevented seniors from falling into poverty.
Check out Wall Street right now. Do you still trust a bunch of gamblers to run our economy? Paul doesn't seem to mind.
Wow, you are either lying or completely ignorant on this subject. In either case, people should not listen to your inaccurate information.
siebelseibel7: "Respected economist were not in fear of social security UNTIL Bush got into office."
"The problem is that much of government today is on autopilot, based on social conditions and spending priorities that date back ***decades***." --David Walker, the head of the Government Accountability Office
Read some history. Perhaps the only postive action Reagan undertook was protecting Social Security. The budget surface under Clinton, then, enhanced our ability to handel SS. Now, many senior citzens might fall into poverty as America's money is going to right wing facist Shias in Iraq and market directors here.
Say good by to your 401K, the marbles landed on black this time.
Read some history? I've just shown that you are the one who doesn't read history -- past or present. I see you've just ignored all those things proving you wrong. It is what I expected.
"Clintons $3 Trillion Raid on [SS]
Clintons lock-box plan is nothing more than a scheme to use more than $3 trillion in Social Security surpluses to buy down federal debt. In exchange, the Social Security trust fund gets another $3 trillion worth of IOUs"
"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." --Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee, September 11, 2003
Iraq? Democrats voted for it. Democrats fund it. Democrats help continue it. etc.
of The Blackstone Group and former U.S. Commerce Secretary. "We've reached the make or break point in American history. These problems have reached tidal proportions and festered for more than two decades due to political irresponsibility ..."
While we're are at it, why don't you explain which "CONSERVATIVE" policies did this? Small government? Nope. Reduced spending? Nope. Hey, let's ask Bill Clinton!
Bill Clinton: "I can't blame [the Republicans] ... it wasn't a complete deregulation at all. ... I don't see that signing that bill had anything to do with the current crisis." --Wall Street Journal
"A New York Times article from Sept. 1999 states that Fannie Mae had been under increasing pressure from the Clinton administration to expand mortgage loans among low- and moderate-income people and that the corporation loosened its lending requirements to comply."
I hate Clinton as much as you do, but to blame him is crazy. There was a lot of potential in the economy Bush inherited. His CONSERVATIVE policies of ending many anti-trust measures (look at corporate consoldation in the gas companies), reducing coorporate taxes, deprogressing our income tax system and cutting taxes, and his right wing campaigns in Iraq destroyed us. Rather you like hime or not Bush is every bit as conservative as Reagan.
Who said I am blaming Clinton? I was showing this has been going on for DECADES. Unlike your claim that Social Security is "fine" and it would have been fine if not for Bush. Completely false.
Anyway, the real point here is what a horrible idea it was to create these programs in the first place and then allow the government to run them. Your original statement has been thoroughly debunked.
siebelseibel76: "Respected economist were not in fear of social security UNTIL Bush got into office."
Nation building has nothing to do with "CONSERVATIVE" policies. In fact, here is a video of Bush at the Republican convention laughing about what a stupid Democrat policy nation building is. Will post the link soon.
But anyway, the current crisis has NOTHING to do with de-regulation or taxes. It was GOVERNMENT policy. Once again, all you've shown is what a horrible job government does.
The problem isn't lack of taxes. It's OVERSPENDING and BIG GOVERNMENT. You want to double taxes??
watch?v=fBVHJY-RNSA Here you go. Bush laughing his head off at what a non-Conservative policy nation building is.
Either way, something doesn't become "CONSERVATIVE" no matter who does it. CONSERVATIVE is supposed to mean SMALL GOVERNMENT and very limited government spending. BIG government and BIG SPENDING on big government is what bankrupted the U.S., as well as monetary policies and the Fed.
Just because Bush/Reagan went against "CONS." policies doesn't magically make big gov/spending Cons.
Last post since I doubt you have anything factual to present.
Big government has failed. Big government has bankrupted the U.S. How do we manage all of these wars overseas? BIG GOVERNMENT. Almost all problems can be traced back to big government running wild with power and spending. Ron Paul voted against the Iraq war.. against spending, etc. So bringing up Bush and these issues doesn't even make sense.
"Ron Paul is bad because of Bush policies Ron Paul doesn't share!!!" What?
I support Ron Paul but cannot advoicate a gold standard. If we go to a gold standard foreign nations print more money and se it to buy up our precious metals. Then they decirculate some of their currency to adjust for their inflation. This is what happened in the 70s with Japan and part of the reason we went off the standard totally under Nixon.
itcould be tied to coal, silver,sand. The point is to have a counterweight so the value wont flucate. Right now the dollar is worth 45 cents. If you read about FIAT currency you will see it has always crashed throught history. Thousands of time over and over. China and France already bought are gold. In the 60s France traded dollars back in exhanged for billions in gold. We use to be able to trade it in for gold and now only countries can. Thats what started the rumor fort knox is empty.
dude...i've watched them all...i'm a ron paul junkie, but i've just wondered about that...what will end up happening probably is a 25 to 1 ratio ($1 = .04) where the dollar can still have the buying power of today's dollar but there will be no adjusting of wages but wages will never go down but never be subject to "inflation depreciation"
what i don't understand is if the dollar is .04 of what it was when we were at the gold standard and if we go back to it with a 1 to 1 ratio if i was making .98 cents an hour (.04 x 24) would that mean i'm making 24 dollars an hour in todays standards? if so then minimum wage would have to go down from 5.45 b/c that would mean you are making approx $132.00 an hour
You're confusing yourself. The dollar now is measured on how well the economy is doing. As long as the amount of goods and services grow, the value of the dollar goes up. But if the amount of goods and services remain the same or goes down and/or more money is being printed, the value of the dollar decreases and you would have inflation.
Another question. If the value of our currency increase, wouldn't that imply that we would be able to buy more goods, hence our trade deficit would increase? Moreover, wouldn't that just piss off our trading partners?
Today's the day to express our thanks to Ron Paul! He has asked us for our help NOW and his campaign has said that the Dec 16 Tea Party will be too late to impact the crucial early primaries. Money is needed NOW! I just donated my $100 and I know that we can "stuff" Dr. Paul's campaign with cash today if we all give what we can! Let's show the "turkeys" who don't believe that Dr. Paul can win that we are not taking a day off! The fight for liberty continues! Donate Today & help post this!
Sounds too good to be true. Wouldn't our currency fluctuate relative to the price of gold in the Commodities Market? If not could someone please clarify whether this would be somewhat problematic? thx.
in a hypothetical situation with a gold standard, only the federal reserve or their replacement central bank would be able to mint gold coins or make paper receipts for the gold quantities they are reserving.
Ron Paul Supporters, Ron is certainly the best of the republicans. Barack Obama is the best of the democrats. (They are both smart, knowledgeable, have good judgment, and honest)
They are not running against each other on primary, so LETS GET THEM BOTH NOMINATED.
I am going to keep donating to both.
National election: Ron Paul vs Obama (a real election)
Also, Obama supporters have tendecy to love Jon Paul, so we need to find the common ground between supporters and send both of them to the national election.
Lets avoid Hillary vs Juliani. I'll leavethe country.
Any independants going for Gravel or Kucinich shouldn't bother. Ron Paul has a real chance of winning New Hampshire, he is the candidate who needs the help.
I don't get what you are saying. 'Js'? Did you want to say 'vs'? Okay, I missed a "." after "vs". Still when two candidates are running in a general presidential election, you say:
from 1913 to 1970 it was tied to gold standard look and see how the dollar fell after that. in less than forty years inflation has skyrocketed. start looking around and talking to people....... MY parent with 3 kids in the late sixties lived on 1700.00 in a year...
How embarassing! Ron Paul NEEDS that 4.3 million just to STAY IN THE RACE!
Ronnie Poo is the only candidate in DIRE NEED of money. Maybe I can get Rudy to toss him a few million. You know - just to pay the light bills for a bit...
Ron Paul's campaign is like a sub-prime borrower who is using a credit card to make their house payments.
Bankruptcy is inevitable.
God, I love watching crazy people throw good money away!
What about American energy independence, protection of natural environments, affordable college education , worker competitiveness, affordable medical care, fool-proof social security, compelling alternatives for mothers to stop killing their children, tax incentives for raising children, pervasive dangerous addictive drugs, defense against growing Chinese military power?
What is clearly needed is both more publicity and much greater poll gains per donation.
Affordable college education? I teach college. More and more kids are coming in without any basic math or writing skills. The more someone else pays for it, the less value they put on it. We can reduce 12 years to 10 and most people would learn MORE because they would feel compelled. Not everything in education is about money. There is a lot of need to figure out how to produce some kick-in-the-ass effect.
Are you serious? You are talking out of your ass . First of all gold is the least heavy of all metals. Second there are things called bank notes which are backed by 100% of your money in the bank. You are a complete idiot because you need to learn about supply and demand for one...We know how much the dollar is worth without the gold standard you are clueless
Nobody is going to go around carrying heavy gold change in their pockets. After having a standard, then how is he going to make people keep the dollar the same value or not let it go down? If he doesn't want people to borrow and get into debt, then just say so. Having a fold standard isn't going to stop people from borrowing. All the gold standard does is tell us how much the dollar is worth. That's all. And we don't need the gold standard for that.
Gold has a very high value to weight ratio, which is why it became a preferred medium of exchange. I'm not sure what your saying about borrowing but basically when the fed creates artificially low rates people make bad investments which leads to the boom bust cycle and things like the housing crisis. Central powers could not intentionally devalue the currency as they can now if we had a gold standard, unless they engaged in debasing or clipping.
Also as far as I understand, the fed reserve (which is neither federal nor a reserve) essentially lends every dollar it prints to the gov at interest. that loan is than guaranteed by government taxes, IRS. So the market for currency is monopolistic and is run by the fed. cartel.
30 years ago, one ounce of silver would buy you 4 gallons of fuel, today, that same ounce of silver still buys 4 gallons of fuel- the only change is how many dollars it takes now
A few years back, probably 10 or more, the South Koreans were requested to turn their gold over to the government when they had a severe monetary crisis. I believe it was a voluntary handover and the Korean people responded for fear of further calamity. I think the crisis was precipitated by the international currency traders who collectively dumped the 'Korean Won' overnight.
It is rumoured, as no one can enter to confirm absolutely, that Fort Knox has little to no gold left within. If the rumour were true would that not be a deterent to returning to the gold standard?
Somewhat, but remember the European governments and banks are selling tons of gold every year. This gold could be purchased by the U.S. and minted once again. Also, only the large denominations would be gold coins as the free market value of gold would make it impractical to use for small dollar coins.
Silver would need to be used once again for smaller denominations and base metals for even lesser value coins.
NO! NO PAPER! NO STOCKS! Any money I have left over after expenses is used to buy silver right now. We are at the cusp of a monetary meltdown, soon paper may be worthless it could happen now or years from now but I am sure we will see it sooner than later.
I have a good deal of silver bullion and I'm glad I purchased it starting some years back.
However, I'm not convinced it would hold up in a global depression as most of the demand comes from industrial use and traditional commodity investment demand.
I thought about that but it will hold up better than paper money. A total crash mean everything but the paper is far more vulnerable. If you get silver Canadian coins you get a better face value so they will never be worth less than 5 dollars. American ones are 1 dollar.
I agree, it would hold up better than paper. Also, I really don't care what the face value might say, I care about the silver content.
If the monetary system broke down, then a dollar or five would buy very little. Although, the Canadian dollar might hold up much better then the American.
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RON PAUL CALLS AMERICAN PEOPLE WAR CRIMINALS, RON PAUL GIVES AMERICAN PEOPLE BAD REPUTATION AROUND THE WORLD. NOW NOBODY WILL BUY PRODUCTS MADE IN USA, THANK YOU SO MUCH RON PAUL UR REAL PATRIOT! GOD BLESS UR FAMILY MAY UR CHILDREN LOOSE THEIR JOBS , I WILL PRAY !
democratsaresmart 7 months ago
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@Rabinito2
"economic models and financial stuff are not rocket science, though jew idiots do their best effort to make them look like"
Yeah lmao all the graphs & charts & complicated terms WHY? Just to refrain 99%+ people to refrain from studying it so those who're in-charge of money keep ripping off the everyone & since money is THE most important thing, anyone who controls money controls everything else. Nice plan but its collapsing now lol
lomocan 1 year ago
I need to do a lot more research on the matter, but it really does seem like statist economists have band-aid solutions and explanations for the economy, nothing quite as elegant or all-containing like the Austrian theory.
selfrealizedexile 2 years ago 5
What hoodoo says, and now that we are mining all materials at retarded rates we should push for it now because a dollar will turn into 20 dollars AND that 1 dollar worth 20 will turn into 1 dollar worth 21 dollars, then 22 dollars as gold mines close down and less is found
majikninja07 2 years ago
Every industrialized nation in the world has a central bank that issues fiat currency. Its the way it works, its a fact of the modern world. Reactionaries need to get over it, read a little macroeconomics, and stop arguing for a barter economy. Gold or fiat, its all money, and none of it has any utility. Gold and silver can inflate to.
hoodoo961 2 years ago
Gold only inflates if a large amount of it is mined at one time. This never happens. Gold is found slowly, so the supply doesn't grow fast enough to inflate.
The fact that every nation in the world uses fiat money is a terribly argument for it. Firstly, because it's an "argumentum ad populum" argument. Secondly, the global economy is in terrible shape because of fiat money. You clearly don't understand the purpose or history of money. There is no reason for government to control it.
soulshaker123 2 years ago
Why don't you people stop beating around the bush and just start arguing for what you really want...a barter economy. It would be entirely free market, no government monetary authority, and could not inflate. Any currency, any system of credit is subject to inflation and distortion. Just read about the gold induced inflation of the 17th century, if you are so inclined.
hoodoo961 2 years ago
The only thing that I'm advocating is freedom. If people want to use barter, they're welcome to do that, although it's inefficiencies and 6000 years of history would suggest that people would gravitate back to precious metals. Fiat currency is completely an invention of government monopoly. It would never arise in a free market. But if you wanted to continue to use a fiat standard for your money, I'd defend your right to do that. It's stupid, but that's your right.
soulshaker123 2 years ago
There is not a large enough supply of precious metals to be functionable in the modern economy. Credit created by the Fed is bad...but credit dug out of the ground is great? Money is money, whether paper or metal, it is intrinsically worthless, it has only exchange value.
hoodoo961 2 years ago
"There is not a large enough supply of precious metals ..."
You have a severe misunderstanding of what money is. Money is a representation of goods. If the number of goods increases, but money stays the same, we all become richer because our money has more purchasing power.
"Credit created by the Fed is bad...but credit dug out of the ground is great?"
The gold supply grows so slowly that it can't cause a boom. But fiat money is easily manipulated: just add a couple zeroes to a balance.
soulshaker123 2 years ago
Exactly! Eventually, one medium of exchange wins out as it prove to be the best tool of exchange for goods and services. 6000 years of history has shown that Gold and silver will eventually win out! Simplistic!
AFRIKTODAY 2 years ago 2
@hoodoo961
even a 'pure' barter system (no fiat or precious metal standard) is subject to manipulation, even though it is by far the best system, bar none. famines and artificial shortages can be created by those with the economic incentive to do so. Just look at diamonds. People just need to be more intelligent and have a sharper understanding of how economic models work, which is a stretch.
degenerate82 1 year ago
Yes, the history of gold standard is the history of deflation, not inflation, when the money supply does not grow fast enough to keep up with the amount of goods and services in the economy. Deflation Deflation Deflation= gold standard. Gold leads to DEFLATION.
hoodoo961 2 years ago
Why in the hell should the money supply grow to keep up with the economy?!?!
Falling prices are a sign of an increasingly efficient economy. When you print money, you steal the otherwise increased purchasing power of the middle/lower class, and you transfer it back to the rich.
Don't listen to this propaganda about the necessity of a growing money supply. Use your brain and think for two seconds about what is really going on. A dollar with increased purchasing power is a great thing!
soulshaker123 2 years ago
An argument in favor of deflation. That has to be the dumbest thing I have heard yet. falling prices discourage increased production, duh. Less jobs with deflation, read a little history before spouting brainwashed nonsense.
hoodoo961 2 years ago
Deflation does not discourage production because the prices of EVERYTHING fall, including the factors of production.
And before you retort, the housing crisis was NOT deflation. It was a correction. Houses were overpriced and there were too many of them, so the prices fell.
soulshaker123 2 years ago 2
I will not dispute you on the housing claim, because you are right about the ridiculous housing bubble. But seriously, look at the history of deflation. You cannot possibly believe it is a good thing.
hoodoo961 2 years ago
@hoodoo961
"But seriously, look at the history of deflation"
Please study Fractional-Reserve-Banking which ends up creating "non-existing money" & it is "vanishing" of this money (often intentionally) is what leads to SUDDEN deflations,recessions & depressions benefitting those who control the system ie bankers & politicians & their business-budies ( watch?v=lXb-LrVkuwM ). Under REAL gold-standard there'd GRADUAL deflation ie every dollar you save today will buy more goods/services in future
lomocan 1 year ago
@hoodoo961 Of course it's a good thing. I can buy more with one dollar than I used to be able to buy? That's progress, my friend, not economic failure.
RKAddict101 8 months ago
@RKAddict101 But what if you have more dollars- the point is to grow income and total purchasing power, but inflation and deflation are both distortionary. Economic progress is measured by increased production of goods and services per capita, not a swelling of a currency. Think of it this way: if we halved the money supply tonight, would we all be twice as rich tomorrow? Our dollars would buy twice as much, right? Read Irving Fisher on debt-deflation for more.
hoodoo961 8 months ago
@hoodoo961 I'm not saying deflation is good thing, I'm disagreeing with the causes of deflation. Deflation is caused by a decrease in the money supply, not by a decrease in the money supply RELATIVE to production. Inflation is the same. If I increase the money supply, it is STILL damaging even if production is increasing. If the money supply is fairly constant, such as in the case of gold, neither will be much of a problem.
RKAddict101 7 months ago
@hoodoo961
it leads to reality; the money is supposed to keep up with goods.
periechontology 2 years ago
wow its ron paul exactly 25 years ago.
definitely looks much younger
Justgetout 3 years ago
"Japan's central bank began cutting rates more than a decade ago, but the country remains mired in a stagnant economy. Ultimately, interest rates were cut to zero, where they have remained for several years. This rate cutting has failed to stimulate the economy, however. The Nikkei stock market index remains at 1980s levels, while Japanese unemployment recently exceeded 5%, the highest rate in decades."
-Ron Paul (2004)
ktorp18 3 years ago
This comment has received too many negative votes show
BTW, the price of gold has fallen about 30 percent over the last few weeks, meanwhile the dollar has risen against the pound, and euro significantly.
Why? Because The Fed is able to properly control the intest rate so that we don't eat it so hard.
But go ahead, keep wasting your money on Ron Paul.
SC1089 3 years ago
I thank god for letting people like you to exist. After all someone has to buy things at sucker's rally so I can get out. I gave you thumbs up for this reason. As for your logic, I will take gold(up about 250% since 2001) over the dollar(USD index at 120 in 2001 and 85 today)
amsd1231 3 years ago
Gold might have fallen but this is only temperate. The dollar has risen because the government is promising to bail out companies and wall street. However as the fed prints more money inflation will continue to debase the dollar.
Look at historical records and compare them to the present. Gold maintains its value.
You are an idiot to think the dollar will hold its value.
I guess you are the type of person that watches fox news.
hyylo 3 years ago 3
Also, the price of gold is being manipulated lower by large bank shorts. This is only temporary however, but may lead to a systemic failure in the comex markets. If you don't believe the price is manipulated, try to buy some physical gold at anywhere near the spot price.
jonald77 3 years ago
1835 is when Andrew Jackson defeated America's 2 central banks and paid off the national debt. between 1836 and 1913, when the FIAT Empire aka Federal Reserve/IRS was created. The nations economic growth and overall safety and sovereignty was at its finest. The Federal Reserve/IRS is nothing more than a tool to transfer wealth from the lower and middle class and give it to the elitist/upper class. Continue being a sheeple. Don't let me waste rounds on your ass on the battlefield soon to come. :)
FireZeus 3 years ago 2
Civil war between 1861 & 1865 had nothing to do with freeing the slaves. It had everything to with England pumping money and resources into the south to keep the slave trade going for textiles. Without the cotton that was being shipped to England to make clothing and various textiles England's economy would see a recession. Just like Israel is using Afghanistan as a center for opium/ecstasy trade. It's all about the money. History is written by the winners and not by losers. Decipher it if u can
FireZeus 3 years ago
interesting info
tmac9938 3 years ago
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bloosgurl 3 years ago
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im posting my new pics
ApacheBlackOne 3 years ago
I love how 25 years later he's saying the same stuff
seantheamazing 3 years ago 12
CALL TO ARMS: RON PAUL ASSASSINATED! (9/29/08)
R.I.P. RON PAUL
/watch?v=mQl9VKySJys
patriot5108 3 years ago
And here we are 25 years later, and these words are more true now than ever. Ron Paul should be running our Country.
57girl 3 years ago 6
Ron Paul would say he's advising the country. He doesn't believe in "running" the country - or the world!
MooseOfReason 3 years ago 3
It's amazing that he's lasted so long, being as principled as he is.
littlebier8 3 years ago 3
Ron Paul is amazing, he's remained consistent for decades while politicians like Obama and McCain will adapt their views to what audience they are speaking to. It's a sad day when money holds power over integrity.
CameronAskew1 3 years ago 5
This comment has received too many negative votes show
Dear Ron Paul supporters, please continue to uselessly give all of your money to Ron Paul as you have been doing. That way you can all be broke and he can spend it all on worthless, without-a-prayer campaigning. All the while the Fed will continue as it has been, and should be, and I will still have a job.
Sincerely, an I.R.S. Examiner.
SC1089 3 years ago
You really think people arguing for a smaller government and less taxes are "giving all their money to Ron Paul".
Your argument has no merit - none. McCain and Obama don't need to fight for endorsements; they are no threat to the bureaucracy nor the central banking system and so the people with the real money will have no qualms throwing billions of dollars at them - but Dr. Paul is for the people and against beauracracy and central banking - which means he needs our $20 investments.
CameronAskew1 3 years ago
You are a slave master...
hardmod777 3 years ago
SC1089
Freedom, You do what you want and we will do what we want. Why would you worry about it?
Still have not learned anything about the IRS after examining it. Huh?
Well shit. you're only 27. experiance comes with age.
LOL
countrybob2 3 years ago
Yeah SC1089, the Fed's doing a fantastic job right now huh? good thing our economy isn't collapsing or anything like that.
leitermann 3 years ago 2
Satire, people. Satire...
RPFS2008 3 years ago
i'm obviously not being sarcastic.
leitermann 3 years ago
I was referring to SC1089.
RPFS2008 3 years ago
i'm obviously not referring to SC1089 or anything like that.
leitermann 3 years ago
???
RPFS2008 3 years ago
question marks aren't inquisitive or anything like that...
leitermann 3 years ago
I haven't got a clue what you are gibbering on about.
RPFS2008 3 years ago
oh haven't you?
leitermann 3 years ago
Just fuck off, weirdo.
RPFS2008 3 years ago
haha sorry
leitermann 3 years ago
np :P
RPFS2008 3 years ago
Oh you people....
And by "you people" I mean "morons who have no idea what you are talking about".
Anyway, your cause is officially "lost". Everyone is now blaming grilling The Fed for the EXACT OPPOSITE REASONS you people are. You people want total deregulation, way more than The Fed wants. Like The Fed or not, you have much more regulation to look forward to.
SC1089 3 years ago
Actually, the reason the system failed is BECAUSE the government interfered. They mandated that FNMA and FHLMC make a number of sub-prime loans. The market crashed due to the numerous foreclosures causing AIG to deplete its cash reserves for lending institutions who lent indiscriminately at ARTIFICIALLY LOW rates (thanks to the Fed) to anybody with a social security number (thanks to Congressional mandates), and bought derivatives to compensate for it. In a phrase, market bubbles always burst.
JKwingsfan 3 years ago
The Fed is what's wrong. Its needs to die!
YOELTHEKING 3 years ago 29
i'm starting to think that the fact the politicians and people have allowed the fed to come into existence and STILL THRIVE is what's wrong. the fed isn't wrong. the fact we allow it is more wrong..
but yeah.. screw the fed.
tmac9938 3 years ago 2
Yes, WE THE PEOPLE are the problem. Conversely, we are also the solution. The solution is inside each American - virtue, [God-based] self-reliance, and vigilance will solve anything (over time).
DyShez 2 years ago
The only way to overthrow a government is through revolution, and the only way revolution takes placed is when people are in an extreme state of unrest. Unfortunately the feds are aware of this fact and will try their hardest to make sure the people are not driven to the point of going off the deep end and taking up arms. Of course if history is any indication the bureaucracy that is the US government will eventually slip up and people will revolt if things get bad enough.
Bigshepdawg 2 years ago
Ya your right
Jordan22473 2 years ago
I can't believe that Ron Paul has been in congress for 32 years and still noone is really giving him the time of day. People need to wake up and open their eyes!!
speak1truth 3 years ago
ALL the media fights against Ron Paul. Let's make a guillotine list! And execute our rights!
patriotsundergod 3 years ago
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Help wake the American people to this issue. Lets "End the Fed". Join the Great American Strike. Watch this video:
/watch?v=EkxCdmhCqU0
If you're game, download it to your computer and upload it to your account. Or just spread it around to your friends or family. Join us on April 15th. "For Liberty"
nightglownews 3 years ago
anyone know whats dr. pauls take on dealing with people with disability, besides voluntary work? is he open to the idea of govt. taking care of these class of people without doing harm to the greater? but again, where would the money come from?
joshrain1 4 years ago
He has talked about that in different interviews that you can find on youtube. His position of weening the nation off wellfare would take into account those who aren't able to work; these would be the last people to be removed from the systems. After they have been removed or opt out of the system he suggests that charitable organizations, people, and church once again step up and assist those in need. It wouldn't be just like the past because we learn from our mistakes.-institutions
galussp 3 years ago
Only locally where it can be be constitutional.
sicclife 3 years ago
Even if Ron Paul loses we can abolish the Federal Reserve. Petition your local Congressman to Repeal the Federal Reserve Act! We already have a form set up. Fully automated for your convenience. It just requires an interested individual to fill it out and electronically send it to their congressman. doesn't get any easier.
capwiz.c om/jbs/issues/alert/?alertid=10887821
It's time...
purplefetus3 4 years ago 4
Support the abolishment of the Federal Reserve!! Contact your local official, you can use this site's form- pretty easy and quick to do.
htt p://ww w.capwiz.c om/jbs/issues/alert/?alertid=10887821
HanzouMasamori 4 years ago 3
Dr Ron Paul has been teachin tha country for decades.
DECADES.
oishiiloops 4 years ago
Oishiiloops,
We MUST fight the fed...
Take ACTION, America!
Please sign the petition to "Restore the Constitution" -organized by the Granny Warriors.
This petition will be presented to the US govt on April 15th, TAX DAY!
petitiononline.c o m/USRC01/petition.html
andreyfix 4 years ago
On April 15, 2008 the largest protest in recorded history will take place. The strike to abolish the IRS and the Federal Reserve! We are aware of the IRS and FED deceit and theft of our property. April 15 will stand as the first peaceful defiance of our corrupt system. Visit "w w w . taxday08 . com" (remove spaces) for details and pledge to show your participation today on "w w w . ronpaulmarch . com"
POST THIS TO 10 OTHER VIDEOS TO SPREAD THE WORD.
samsum82 4 years ago
X 13788 Go Ron Paul!
hawkrunnergirl 4 years ago
drumjod "I think full medical coverage would allow many disabled Americans to contribute to the increase of goods and services."
Wow, that was dumb. :)
Nothing wrong with helping the disabled. But when the government takes $1 from taxpayer person A, removes their cut, then gives $0.80 to person B. This is a proposal to stimulate the economy, Joe Shmuck style.
Sepero1 4 years ago 2
I got him to sign a dollar, so that when the economy collapses it will still be worth something.
eneliatarknenah 4 years ago 44
Good one! :)
PoiZinConTrol 4 years ago
LOL. one of the best ive heard in a long time
rreeddppeenn 4 years ago
@eneliatarknenah
I'd do the same, but that might reduce the value of your dollar...
Juangalt 9 months ago
He's coming to Boston for Sunday, I'm gonna try to get him to sign my constitution! I can't wait!
leitermann 4 years ago 5
The federal reserve should be eliminated. The US Treasury is the worlds' largest couterfieting operation. How can we work all of our lives in earnest for a peice of paper that is basically only worth a nickel or less, no matter what number is printed on it. It's the same peice of paper and ink. It costs the same amount for manufacturing. That is the key "word". Paper Money is manufactured! America has been brainwashed into believing that PAPER is GOLD when it is not?
slometal64 4 years ago 6
So if immigration increases, the amount of goods and services increase, which strengthens the US dollar, right? I think full medical coverage would allow many disabled Americans to contribute to the increase of goods and services. The $7 trillion national debt seems more important than stock investment tax deduction. Isn't it best to pay off our loans before investing? The war is expensive, and people are dying. Do you care?
drumjod 4 years ago
The issue isn't whether or not disabled Americans should get full medical coverage - nobody thinks they shouldn't that I know of. The issue is whether or not it's necessary for the Government to be the middle-man between the people who think they should get coverage & the people who need that coverage. If you think people should get medical coverage, and I know lots of us do think so, then donate money directly.
leitermann 4 years ago
Involving government in charity simply introduces beaurocracy into the process, which is almost certain to become corrupted somewhere along the line. No one wants people that need medical coverage not to get it, but how about instead of trying to force everyone else to pay for such programs through taxes - we lead by example & donate to charities we deem worthy - I think humans are capable of doing good deeds without governmental intervention.
leitermann 4 years ago
Government introducing bureaucracy? Healthcare is run by corporations each with individual plans. This is why 25 per cent of money spent on healthcare goes to paperwork and not treatment. It's simple and efficient to just say everyone is covered--no need for tailor made plans. Currently healthcare is private, making it public allows for the people's voices to be heard within it.
andersoncouncil65 4 years ago
Government monopolization isn't going to solve lack of efficiency in the healthcare system, & it won't happen anyway, their industry's lobby is far too powerful. All that this healthcare reform talk is most likely to accomplish is exactly what they already have in my state of Massachussetts, where it's now illegal not to have health insurance. Yeah, everything's fixed here now, all those people who bought mansions & BMWs instead of health insurance will finally get theirs!
leitermann 4 years ago
Significant change always comes from the voices of the people. That's way the model conservative Bismark in Germany was the first to introduce social security. the German people demanded something to address their needs and so Bismark comprised his authoritarianism--succuming to democracy before elections. Healthcare can be based on something other then wealth if the people demand it regardless of the leaders. Or so I think--hey it happened in other nations.
andersoncouncil65 4 years ago
andersoncouncil65: yeah, & then social security lived happily ever after, & the money we pay into it will most definitely still be there when we're old & expect to get it, because bureaucracy solves all problems like duck tape...
leitermann 3 years ago
leitermann: Social security is fine. Just look at the money spent on Iraq. Social Security would need a thousandth of that and creat a lot less poverty.
By the way, have you looked at your side? It doesn't seem corporations are doing to well either. Say goodbye to your 401 K plan. Corporate gamblers have put there money on the wrong color again.
siebelseibel76 3 years ago
Programs like Social Security are something like 30 trillion dollars in debt. They are NOT fine, nor would they cost a small amount compared to the war. Not that I support the war either.
WATCH HERE: watch?v=I-16u9x3tfE
RonPaulR3VOLUTION 3 years ago
This is what you call "fine"?
CNN: "We're underwater to the tune of $50 trillion, and that number is going up three to four trillion a year on autopilot. So we need to start getting serious soon in order to make sure that our future is better than our past," David Walker, the head of the Government Accountability Office, told CNN in a recent interview.
By the way, this is mostly "Medicare, and also Social Security and Medicaid."
RonPaulR3VOLUTION 3 years ago
Respected economist were not in fear of social security UNTIL Bush got into office. His CONSERVATIVE policies pissed away our surplus, which would have prevented seniors from falling into poverty.
Check out Wall Street right now. Do you still trust a bunch of gamblers to run our economy? Paul doesn't seem to mind.
siebelseibel76 3 years ago
@siebelseibel76
Wow, you are either lying or completely ignorant on this subject. In either case, people should not listen to your inaccurate information.
siebelseibel7: "Respected economist were not in fear of social security UNTIL Bush got into office."
"The problem is that much of government today is on autopilot, based on social conditions and spending priorities that date back ***decades***." --David Walker, the head of the Government Accountability Office
Bush was Pres. for decades?
RonPaulR3VOLUTION 3 years ago
Read some history. Perhaps the only postive action Reagan undertook was protecting Social Security. The budget surface under Clinton, then, enhanced our ability to handel SS. Now, many senior citzens might fall into poverty as America's money is going to right wing facist Shias in Iraq and market directors here.
Say good by to your 401K, the marbles landed on black this time.
siebelseibel76 3 years ago
Read some history? I've just shown that you are the one who doesn't read history -- past or present. I see you've just ignored all those things proving you wrong. It is what I expected.
"Clintons $3 Trillion Raid on [SS]
Clintons lock-box plan is nothing more than a scheme to use more than $3 trillion in Social Security surpluses to buy down federal debt. In exchange, the Social Security trust fund gets another $3 trillion worth of IOUs"
The Washington Times on March 6, 2000, page A15
RonPaulR3VOLUTION 3 years ago
De-regulation, huh? No, government policy.
"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." --Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee, September 11, 2003
Iraq? Democrats voted for it. Democrats fund it. Democrats help continue it. etc.
RonPaulR3VOLUTION 3 years ago
@siebelseibel76
Mr. Peterson, Senior Chairman
of The Blackstone Group and former U.S. Commerce Secretary. "We've reached the make or break point in American history. These problems have reached tidal proportions and festered for more than two decades due to political irresponsibility ..."
While we're are at it, why don't you explain which "CONSERVATIVE" policies did this? Small government? Nope. Reduced spending? Nope. Hey, let's ask Bill Clinton!
RonPaulR3VOLUTION 3 years ago
So, let's ask Bill Clinton:
Bill Clinton: "I can't blame [the Republicans] ... it wasn't a complete deregulation at all. ... I don't see that signing that bill had anything to do with the current crisis." --Wall Street Journal
"A New York Times article from Sept. 1999 states that Fannie Mae had been under increasing pressure from the Clinton administration to expand mortgage loans among low- and moderate-income people and that the corporation loosened its lending requirements to comply."
RonPaulR3VOLUTION 3 years ago
I hate Clinton as much as you do, but to blame him is crazy. There was a lot of potential in the economy Bush inherited. His CONSERVATIVE policies of ending many anti-trust measures (look at corporate consoldation in the gas companies), reducing coorporate taxes, deprogressing our income tax system and cutting taxes, and his right wing campaigns in Iraq destroyed us. Rather you like hime or not Bush is every bit as conservative as Reagan.
siebelseibel76 3 years ago
Who said I am blaming Clinton? I was showing this has been going on for DECADES. Unlike your claim that Social Security is "fine" and it would have been fine if not for Bush. Completely false.
Anyway, the real point here is what a horrible idea it was to create these programs in the first place and then allow the government to run them. Your original statement has been thoroughly debunked.
siebelseibel76: "Respected economist were not in fear of social security UNTIL Bush got into office."
RonPaulR3VOLUTION 3 years ago
Nation building has nothing to do with "CONSERVATIVE" policies. In fact, here is a video of Bush at the Republican convention laughing about what a stupid Democrat policy nation building is. Will post the link soon.
But anyway, the current crisis has NOTHING to do with de-regulation or taxes. It was GOVERNMENT policy. Once again, all you've shown is what a horrible job government does.
The problem isn't lack of taxes. It's OVERSPENDING and BIG GOVERNMENT. You want to double taxes??
RonPaulR3VOLUTION 3 years ago
watch?v=fBVHJY-RNSA Here you go. Bush laughing his head off at what a non-Conservative policy nation building is.
Either way, something doesn't become "CONSERVATIVE" no matter who does it. CONSERVATIVE is supposed to mean SMALL GOVERNMENT and very limited government spending. BIG government and BIG SPENDING on big government is what bankrupted the U.S., as well as monetary policies and the Fed.
Just because Bush/Reagan went against "CONS." policies doesn't magically make big gov/spending Cons.
RonPaulR3VOLUTION 3 years ago
Last post since I doubt you have anything factual to present.
Big government has failed. Big government has bankrupted the U.S. How do we manage all of these wars overseas? BIG GOVERNMENT. Almost all problems can be traced back to big government running wild with power and spending. Ron Paul voted against the Iraq war.. against spending, etc. So bringing up Bush and these issues doesn't even make sense.
"Ron Paul is bad because of Bush policies Ron Paul doesn't share!!!" What?
RonPaulR3VOLUTION 3 years ago
this man knows what he's talking about
horsefly4 4 years ago
I support Ron Paul but cannot advoicate a gold standard. If we go to a gold standard foreign nations print more money and se it to buy up our precious metals. Then they decirculate some of their currency to adjust for their inflation. This is what happened in the 70s with Japan and part of the reason we went off the standard totally under Nixon.
dreamsofmineus 4 years ago
would it be possible for us to only accept gold for payment from other countries.
zzzDiamondzzz 4 years ago
itcould be tied to coal, silver,sand. The point is to have a counterweight so the value wont flucate. Right now the dollar is worth 45 cents. If you read about FIAT currency you will see it has always crashed throught history. Thousands of time over and over. China and France already bought are gold. In the 60s France traded dollars back in exhanged for billions in gold. We use to be able to trade it in for gold and now only countries can. Thats what started the rumor fort knox is empty.
dirtypocketsct 4 years ago
dude...i've watched them all...i'm a ron paul junkie, but i've just wondered about that...what will end up happening probably is a 25 to 1 ratio ($1 = .04) where the dollar can still have the buying power of today's dollar but there will be no adjusting of wages but wages will never go down but never be subject to "inflation depreciation"
4notherbri4n 4 years ago
Advice: Watch ALL the videos.
240sxmachine 4 years ago
what i don't understand is if the dollar is .04 of what it was when we were at the gold standard and if we go back to it with a 1 to 1 ratio if i was making .98 cents an hour (.04 x 24) would that mean i'm making 24 dollars an hour in todays standards? if so then minimum wage would have to go down from 5.45 b/c that would mean you are making approx $132.00 an hour
4notherbri4n 4 years ago
You're confusing yourself. The dollar now is measured on how well the economy is doing. As long as the amount of goods and services grow, the value of the dollar goes up. But if the amount of goods and services remain the same or goes down and/or more money is being printed, the value of the dollar decreases and you would have inflation.
toogood2kr 4 years ago
Another question. If the value of our currency increase, wouldn't that imply that we would be able to buy more goods, hence our trade deficit would increase? Moreover, wouldn't that just piss off our trading partners?
randomDudeDeux 4 years ago
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Today's the day to express our thanks to Ron Paul! He has asked us for our help NOW and his campaign has said that the Dec 16 Tea Party will be too late to impact the crucial early primaries. Money is needed NOW! I just donated my $100 and I know that we can "stuff" Dr. Paul's campaign with cash today if we all give what we can! Let's show the "turkeys" who don't believe that Dr. Paul can win that we are not taking a day off! The fight for liberty continues! Donate Today & help post this!
ShowTheTurkeys 4 years ago
He still advocates the same policies today! Gotta love him! Ron Paul 2008!
JNugent74 4 years ago 7
just wondering, since the Fed holds all this country's gold.. are we going to take it back?
Vvick727 4 years ago 5
What gold? Lol.
pink0284 4 years ago 4
We can estimate that there should be about $18 billion divided at $35 per ounce in 1971 or about 500 million ounces.
mdavedc 4 years ago
Sounds too good to be true. Wouldn't our currency fluctuate relative to the price of gold in the Commodities Market? If not could someone please clarify whether this would be somewhat problematic? thx.
randomDudeDeux 4 years ago
how come our current currency doesn't fluctuate relative to the price of paper which it is made of?
SJSR45 4 years ago
Because only the federal reserve can print legal dollars? This doesn't apply to my question, but thanks.
randomDudeDeux 4 years ago
in a hypothetical situation with a gold standard, only the federal reserve or their replacement central bank would be able to mint gold coins or make paper receipts for the gold quantities they are reserving.
SJSR45 4 years ago
Ron Paul Supporters, Ron is certainly the best of the republicans. Barack Obama is the best of the democrats. (They are both smart, knowledgeable, have good judgment, and honest)
They are not running against each other on primary, so LETS GET THEM BOTH NOMINATED.
I am going to keep donating to both.
National election: Ron Paul vs Obama (a real election)
btehrani2 4 years ago
Gravel and Kucinich are the best Dems. Obama is supported by ZBIG and William Cristol, CFR and PNAC, that is a bad combination.
gosciu555 4 years ago 8
Gravel and Kucinich will not win.
What is better, Paul vs Hillary or Paul vs Obama?
Also, Obama supporters have tendecy to love Jon Paul, so we need to find the common ground between supporters and send both of them to the national election.
Lets avoid Hillary vs Juliani. I'll leavethe country.
btehrani2 4 years ago
Any independants going for Gravel or Kucinich shouldn't bother. Ron Paul has a real chance of winning New Hampshire, he is the candidate who needs the help.
axisboldas 4 years ago
btehrani2
LoL, what is with you putting Js in front of people's name? 'Ron Paul' and 'Gulliani.'
randomDudeDeux 4 years ago
I don't get what you are saying. 'Js'? Did you want to say 'vs'? Okay, I missed a "." after "vs". Still when two candidates are running in a general presidential election, you say:
Ron Paul vs. Barack Obama
btehrani2 4 years ago
Well, It's 2007 now. So it's time we did it.
Free Hugs From TX
RundoeTX
rundoetx 4 years ago
from 1913 to 1970 it was tied to gold standard look and see how the dollar fell after that. in less than forty years inflation has skyrocketed. start looking around and talking to people....... MY parent with 3 kids in the late sixties lived on 1700.00 in a year...
kobylange 4 years ago
I was born that year. Go Ron!
musicsheddcom 4 years ago
This has been flagged as spam show
How embarassing! Ron Paul NEEDS that 4.3 million just to STAY IN THE RACE!
Ronnie Poo is the only candidate in DIRE NEED of money. Maybe I can get Rudy to toss him a few million. You know - just to pay the light bills for a bit...
Ron Paul's campaign is like a sub-prime borrower who is using a credit card to make their house payments.
Bankruptcy is inevitable.
God, I love watching crazy people throw good money away!
IPOMonster 4 years ago
u lived in Cuba for three years? wow. sounds depressing. and since when is "southern california" a city?
danberkeley 4 years ago
Since I said it was...
IPOMonster 4 years ago
awsome!
"Ron Paul's campaign is like a sub-prime borrower who is using a credit card to make their house payments."
i doubt his campaign is that complex
danberkeley 4 years ago
Or that well funded!
IPOMonster 4 years ago
I'm a californian and pro-choice but I don't believe its my right to use the federal government to enforce my views.
SiNN4R 4 years ago 3
What about American energy independence, protection of natural environments, affordable college education , worker competitiveness, affordable medical care, fool-proof social security, compelling alternatives for mothers to stop killing their children, tax incentives for raising children, pervasive dangerous addictive drugs, defense against growing Chinese military power?
What is clearly needed is both more publicity and much greater poll gains per donation.
JEUGENEN 4 years ago
Affordable college education? I teach college. More and more kids are coming in without any basic math or writing skills. The more someone else pays for it, the less value they put on it. We can reduce 12 years to 10 and most people would learn MORE because they would feel compelled. Not everything in education is about money. There is a lot of need to figure out how to produce some kick-in-the-ass effect.
docmoriarti 4 years ago
Are you serious? You are talking out of your ass . First of all gold is the least heavy of all metals. Second there are things called bank notes which are backed by 100% of your money in the bank. You are a complete idiot because you need to learn about supply and demand for one...We know how much the dollar is worth without the gold standard you are clueless
KilluminatiDL 4 years ago
Nobody is going to go around carrying heavy gold change in their pockets. After having a standard, then how is he going to make people keep the dollar the same value or not let it go down? If he doesn't want people to borrow and get into debt, then just say so. Having a fold standard isn't going to stop people from borrowing. All the gold standard does is tell us how much the dollar is worth. That's all. And we don't need the gold standard for that.
yktube 4 years ago
Gold has a very high value to weight ratio, which is why it became a preferred medium of exchange. I'm not sure what your saying about borrowing but basically when the fed creates artificially low rates people make bad investments which leads to the boom bust cycle and things like the housing crisis. Central powers could not intentionally devalue the currency as they can now if we had a gold standard, unless they engaged in debasing or clipping.
pearlfloyd27 4 years ago
Also as far as I understand, the fed reserve (which is neither federal nor a reserve) essentially lends every dollar it prints to the gov at interest. that loan is than guaranteed by government taxes, IRS. So the market for currency is monopolistic and is run by the fed. cartel.
gosciu555 4 years ago
i mean by gold, but also use silver
Macaframa1 4 years ago
don't back money just buy gold, but also by silver.
Macaframa1 4 years ago
30 years ago, one ounce of silver would buy you 4 gallons of fuel, today, that same ounce of silver still buys 4 gallons of fuel- the only change is how many dollars it takes now
andyville4 4 years ago 7
go ron!!
tommy6555 4 years ago
Remember, Remember; the 5th of November.
Donate $100
RONPAUL2008
hmoob7 4 years ago 3
Why put it on here so many times? This makes us look bad. I will vote for Ron Paul
wulfone 4 years ago
Donate $100 to Ron Paul November 5th.
Remember remember!
mannycp 4 years ago 2
I like watching the young Ron paul
SteveBKNY 4 years ago 3
Donate $100 to Ron Paul November 5th.
Remember remember!
cattleprods911 4 years ago 3
A few years back, probably 10 or more, the South Koreans were requested to turn their gold over to the government when they had a severe monetary crisis. I believe it was a voluntary handover and the Korean people responded for fear of further calamity. I think the crisis was precipitated by the international currency traders who collectively dumped the 'Korean Won' overnight.
fruglescot 4 years ago 2
It is rumoured, as no one can enter to confirm absolutely, that Fort Knox has little to no gold left within. If the rumour were true would that not be a deterent to returning to the gold standard?
fruglescot 4 years ago 2
Somewhat, but remember the European governments and banks are selling tons of gold every year. This gold could be purchased by the U.S. and minted once again. Also, only the large denominations would be gold coins as the free market value of gold would make it impractical to use for small dollar coins.
Silver would need to be used once again for smaller denominations and base metals for even lesser value coins.
CBound 4 years ago
My question is "Would you sell your gold to the U.S for it's paper money?
fruglescot 4 years ago 6
No.
But the banks and governments of Europe are somewhat willing to get rid of their gold, at least gradually.
Come to think of it, the U.S. government has confiscated our citizens gold in the past and just might again in the future.
CBound 4 years ago
Did you mean NO because you have no gold to sell or that you wouldn't take worthless paper for the shiny stuff (Precious metals)?
It's not totally unreasonable to think that the current monetary system will colapse due to insolvency.
Also diamonds are basically are worthless too.
fruglescot 4 years ago
I wouldn't take "worthless paper" for my gold/silver except for a short time until i could reinvest it in hard assets or pay unexpected bills.
I've never desired to invest in diamonds because after seeing a Nova about De Beers and the diamond industry i think of the market as price fixed.
CBound 4 years ago
You're a wise man CBOUND !
fruglescot 4 years ago
GW already has an executive order to do so...look it up.
Dumbell99 4 years ago
NO! NO PAPER! NO STOCKS! Any money I have left over after expenses is used to buy silver right now. We are at the cusp of a monetary meltdown, soon paper may be worthless it could happen now or years from now but I am sure we will see it sooner than later.
Dumbell99 4 years ago
I have a good deal of silver bullion and I'm glad I purchased it starting some years back.
However, I'm not convinced it would hold up in a global depression as most of the demand comes from industrial use and traditional commodity investment demand.
CBound 4 years ago
I thought about that but it will hold up better than paper money. A total crash mean everything but the paper is far more vulnerable. If you get silver Canadian coins you get a better face value so they will never be worth less than 5 dollars. American ones are 1 dollar.
Dumbell99 4 years ago
I agree, it would hold up better than paper. Also, I really don't care what the face value might say, I care about the silver content.
If the monetary system broke down, then a dollar or five would buy very little. Although, the Canadian dollar might hold up much better then the American.
CBound 4 years ago
Good, but the face value does count though. I do not think it will crash that low because silver is a necessary metal for a lot of things.
Dumbell99 4 years ago