why are americans so fucking stupid?!?! Look at some of the comments of the people on this forum. NO COMMON SENSE! RON PAUL ALL THE WAY !!!!!!!!!!!!!!!!!!!!!!!!!!!
From what i have heard ron paul say going back to the gold standard (backing with gold) would end inflation for the most part and would stop letting money be "politival money."
Not all Americans want to have gold backed dollars, and that's fine. Ron doesn't want to "return" the dollar to gold. He wants to allow a competing currency.
Allow money backed by gold, AND money backed by nothing. Then let the public choose.
There are also some arguing that a gold standard is a bad idea. Why? Because the Central Bankers or "moneychangers" own over two thirds of the gold. In other words they have a monopoly on the market.
I have to add that I truly believe that Ron Paul offers the only hope out there for the future. I really like Barack and think he is a decent and honest man, but he can't break free of the idea that more government control is the answer. Centralization of power and centralized planning has shown itself to be a disaster all throughout history. Seems we never learn. It is funny how the old guy in race is the only one willing to think outside the box.
Dr Paul has said that he understands returning to the gold standard would be difficult, but he would like a system where gold/silver/etc could compete with fiat currency - for example debts or contracts could be settled in gold. The govt could not get away with printing too much paper because the market for the competing currency would expose it. In any event, all the liquidity being stuffed into banks right now is not going back into housing - the market is giving us a head fake right now...
It's possible that America has only retained independence from Britain on a civil level. Various means and government loans were introduced to continue British imperialism in America on a financial level. This being the case, as a colony, America would have had to surrender her gold to Her Majesty, the Queen of England. The dollar would thus need to align with British bullion for it's monetary standard until it re-establishes a stockpile of the galactically rare mineral. Go figure?
It's possible that America has only retained independence from Britain on a civil level. Various means and government loans were introduced to continue British imperialism in America on a financial level. This being the case, as a colony, America would have had to surrender her gold to Her Majesty, the Queen of England. The dollar would thus need to align with British bullion for it's monetary standard until it re-establishes a stockpile of the galactically rare mineral. Go figure?
Returning to the Gold Standard in not necessarily the best of ideas. Here's why: the Central Banks of the world own most of the gold. If we go back to gold, they still own us. A Silver standard seems better as it is more plentiful than gold making it harder to corner the market. Probably the best idea though is to allow competing currencies into the market as "utubehayter" so eloquently stated. Spread Ron Paul's ideas on monetary theory wherever you can to help create a freer world. Peace.
If you have your savings in U.S. Dollars, I suggest converting them into gold and silver. This will act as a safety net when the Dollar plummets, because even if the Dollar becomes worthless (due to inflation caused by the Fed), your gold and silver will remain valuable. Then after the recession, when Ron Paul is president and has allowed free markets and sound money to restore our economy, the Dollar may have value again and you can buy back into it.
Although that may sound like a good idea in theory, I would NOT recommend it. Precious metals are also volatile... Even more so than the dollar. Gold is at a record high, and yes if people follow your advice demand would drive the price even higher. But THERE IS A RISK. Nobody knows what the value of gold will be day to day. You could invest at the current price of over $900 per oz. today, to find it's only worth $500 per oz. next month. Best bet is to diversify.
The price of Gold is substantial not becuase of its value as priced in fake dollars. Gold is valuable for the mere fact that it is rare, precious, and something of intrinsic value. You are basing your basis for not buying gold, on the golds value as based in dollars. We are buying gold, becuase we are aware that the dollar has no value, at all, when the world says that it is so.
I understand your point. But beware, as far as I know gold can not be readily exchanged for goods and services within the US. Therefore to have purchasing power you will have to EXCHANGE your gold for currency at whatever the current market price is at.....
Hypothetical Scenario: You invest $100,000 of your savings in gold today at $1000 per oz. Three months later an emergency arises where you need that money. During this period of time a small country has dropped an enormous amount of gold on the market because of an inflated value brought on by panic buying. This brings the price to $700 an ounce. You will have lost 30% of your buying power.
I would say, if you have $100,000 to purchase gold with than you aren't really having too many problems to begin with. Small countries don't drop gold on the market, the federal reserve does -to prop up the value of the dollar, to hide the shrinking value of the dollar, so forth. Since the cutting of the gold standard, you cannot judge gold by price in dollars. To say that gold is 1000 per ounce only says how crappy the dollar is. Gold is the same as it has always been when compared with oil.
...but I ran out of room. I edited without looking at what I had previously written and it turned out messed up. In my original thought, I intended to post a "dollar" figure loss.
My point with gold is that as long as there IS a dollar, there is nothing practical you can do with it but save it for investment purposes for a future exchange in dollars. In that time the dollar value could go UP or DOWN. People are never going to bring a piece of gold to the grocery store to buy food.
RE: Small countries do not drop gold on the market.
Yes they do. That is exactly what happened after Clinton implemented the NAFTA free trade agreement. The market became flooded bringing the price of gold down to below $250 an ounce. I know because this cost me my job in Febuary of 2000 when the gold mine I was working at had to shut down. I do not a have 100K to buy gold with. I was trying to set up a simple scenario that would easily equate.....cont.
I see your point. I think perhaps you are debating in the wrong forum however. These people, the paul supporters, are wanting gold not becuase they will trade it for dollars. They want gold becuase they know the dollar will be worth nothing except wiping your butt. Gold, according to Ron paul, would be the purchasing power of the world. Imagine its value then, and what it could buy.
yea and anyway, have you ever heard of the of gold coins. noones ever used gold currency. ever heard of the gold standard. heres what the gold standard means. gold is worth 930 $dollars. you take 930$'s and go get one ounce of gold. thats a gold standard. your 1 $ bill would have that much worth. its easy and these morons try to get people lost. theirs the equation. gold is good. i want gold standard. ron paul for president 2008!!!!!
That's the point your missing. Ron paul is running on the platform that, if elected, (which is doubtful) you would be able to take gold to the grocery store and fill your basket.
I can print you out a thousand dollar I.O.U on my printer, would you accept it as payment for a car? Why not? But we let a bank do that. They print up dollars and tell us its worth whatever they write on it...They keep printing up more and more, they can fill rooms with it...they do this on a mass scale. Do you see the conflict of interest?
I am so thrilled and happy to see so many young people so aware of politics and hearing Dr. Paul's message. My generation, the baby boomers, for all they have accomplished, seem stunted in their thinking. They far worse handwringers and far more hysterical than our parents were. I think you guys and your generation will be far smarter and more sane than ours was. We have left you a lot to clean up. It means so much that Dr. Paul's message resonates with you guys.
He is going to remove legislation banning alternative forms of currency and even gold and silver, which is illegal to date. It is not a forcing his way back to gold standard, but it is a choice letting people see the benefits of the system and voluntarily commit to whichever is beneficial.
..Gold....what gold?
vachief 3 years ago
Why are smart women so sexy?
GrailcodeDotNet 4 years ago
why are americans so fucking stupid?!?! Look at some of the comments of the people on this forum. NO COMMON SENSE! RON PAUL ALL THE WAY !!!!!!!!!!!!!!!!!!!!!!!!!!!
pleezmeslo 4 years ago 2
From what i have heard ron paul say going back to the gold standard (backing with gold) would end inflation for the most part and would stop letting money be "politival money."
Spazzfrom1989 4 years ago
Not all Americans want to have gold backed dollars, and that's fine. Ron doesn't want to "return" the dollar to gold. He wants to allow a competing currency.
Allow money backed by gold, AND money backed by nothing. Then let the public choose.
Which would you choose?
Sepero1 4 years ago 2
Gold.
MishuTaste 4 years ago
There are also some arguing that a gold standard is a bad idea. Why? Because the Central Bankers or "moneychangers" own over two thirds of the gold. In other words they have a monopoly on the market.
aaroncalhoun 4 years ago
I have to add that I truly believe that Ron Paul offers the only hope out there for the future. I really like Barack and think he is a decent and honest man, but he can't break free of the idea that more government control is the answer. Centralization of power and centralized planning has shown itself to be a disaster all throughout history. Seems we never learn. It is funny how the old guy in race is the only one willing to think outside the box.
dwcarkuff 4 years ago 2
Dr Paul has said that he understands returning to the gold standard would be difficult, but he would like a system where gold/silver/etc could compete with fiat currency - for example debts or contracts could be settled in gold. The govt could not get away with printing too much paper because the market for the competing currency would expose it. In any event, all the liquidity being stuffed into banks right now is not going back into housing - the market is giving us a head fake right now...
badonkadonk34 4 years ago 2
It's possible that America has only retained independence from Britain on a civil level. Various means and government loans were introduced to continue British imperialism in America on a financial level. This being the case, as a colony, America would have had to surrender her gold to Her Majesty, the Queen of England. The dollar would thus need to align with British bullion for it's monetary standard until it re-establishes a stockpile of the galactically rare mineral. Go figure?
royflames 4 years ago
It's possible that America has only retained independence from Britain on a civil level. Various means and government loans were introduced to continue British imperialism in America on a financial level. This being the case, as a colony, America would have had to surrender her gold to Her Majesty, the Queen of England. The dollar would thus need to align with British bullion for it's monetary standard until it re-establishes a stockpile of the galactically rare mineral. Go figure?
royflames 4 years ago
Returning to the Gold Standard in not necessarily the best of ideas. Here's why: the Central Banks of the world own most of the gold. If we go back to gold, they still own us. A Silver standard seems better as it is more plentiful than gold making it harder to corner the market. Probably the best idea though is to allow competing currencies into the market as "utubehayter" so eloquently stated. Spread Ron Paul's ideas on monetary theory wherever you can to help create a freer world. Peace.
KungFuBlitzKrieg 4 years ago
See thats where we just send Special opds teams after the central bankers and get are gold back.
NsOakland6 4 years ago
Down with the Rothschildls!! Down the the Rockefellers!!
tenhustles 4 years ago 2
If you have your savings in U.S. Dollars, I suggest converting them into gold and silver. This will act as a safety net when the Dollar plummets, because even if the Dollar becomes worthless (due to inflation caused by the Fed), your gold and silver will remain valuable. Then after the recession, when Ron Paul is president and has allowed free markets and sound money to restore our economy, the Dollar may have value again and you can buy back into it.
KungFuBlitzKrieg 4 years ago
Although that may sound like a good idea in theory, I would NOT recommend it. Precious metals are also volatile... Even more so than the dollar. Gold is at a record high, and yes if people follow your advice demand would drive the price even higher. But THERE IS A RISK. Nobody knows what the value of gold will be day to day. You could invest at the current price of over $900 per oz. today, to find it's only worth $500 per oz. next month. Best bet is to diversify.
Cozzmos 4 years ago
The price of Gold is substantial not becuase of its value as priced in fake dollars. Gold is valuable for the mere fact that it is rare, precious, and something of intrinsic value. You are basing your basis for not buying gold, on the golds value as based in dollars. We are buying gold, becuase we are aware that the dollar has no value, at all, when the world says that it is so.
anscfoster 4 years ago
I understand your point. But beware, as far as I know gold can not be readily exchanged for goods and services within the US. Therefore to have purchasing power you will have to EXCHANGE your gold for currency at whatever the current market price is at.....
Cozzmos 4 years ago
Hypothetical Scenario: You invest $100,000 of your savings in gold today at $1000 per oz. Three months later an emergency arises where you need that money. During this period of time a small country has dropped an enormous amount of gold on the market because of an inflated value brought on by panic buying. This brings the price to $700 an ounce. You will have lost 30% of your buying power.
Cozzmos 4 years ago
I would say, if you have $100,000 to purchase gold with than you aren't really having too many problems to begin with. Small countries don't drop gold on the market, the federal reserve does -to prop up the value of the dollar, to hide the shrinking value of the dollar, so forth. Since the cutting of the gold standard, you cannot judge gold by price in dollars. To say that gold is 1000 per ounce only says how crappy the dollar is. Gold is the same as it has always been when compared with oil.
anscfoster 4 years ago
...but I ran out of room. I edited without looking at what I had previously written and it turned out messed up. In my original thought, I intended to post a "dollar" figure loss.
My point with gold is that as long as there IS a dollar, there is nothing practical you can do with it but save it for investment purposes for a future exchange in dollars. In that time the dollar value could go UP or DOWN. People are never going to bring a piece of gold to the grocery store to buy food.
Cozzmos 4 years ago
RE: Small countries do not drop gold on the market.
Yes they do. That is exactly what happened after Clinton implemented the NAFTA free trade agreement. The market became flooded bringing the price of gold down to below $250 an ounce. I know because this cost me my job in Febuary of 2000 when the gold mine I was working at had to shut down. I do not a have 100K to buy gold with. I was trying to set up a simple scenario that would easily equate.....cont.
Cozzmos 4 years ago
I see your point. I think perhaps you are debating in the wrong forum however. These people, the paul supporters, are wanting gold not becuase they will trade it for dollars. They want gold becuase they know the dollar will be worth nothing except wiping your butt. Gold, according to Ron paul, would be the purchasing power of the world. Imagine its value then, and what it could buy.
anscfoster 4 years ago
yea and anyway, have you ever heard of the of gold coins. noones ever used gold currency. ever heard of the gold standard. heres what the gold standard means. gold is worth 930 $dollars. you take 930$'s and go get one ounce of gold. thats a gold standard. your 1 $ bill would have that much worth. its easy and these morons try to get people lost. theirs the equation. gold is good. i want gold standard. ron paul for president 2008!!!!!
ldrancer 4 years ago
excuse me... what?
BulletproofCyrus 4 years ago
That's the point your missing. Ron paul is running on the platform that, if elected, (which is doubtful) you would be able to take gold to the grocery store and fill your basket.
anscfoster 4 years ago
I can print you out a thousand dollar I.O.U on my printer, would you accept it as payment for a car? Why not? But we let a bank do that. They print up dollars and tell us its worth whatever they write on it...They keep printing up more and more, they can fill rooms with it...they do this on a mass scale. Do you see the conflict of interest?
BulletproofCyrus 4 years ago
OR, you can have gold and silver certificates that would be honored for redemption.
-Payable to the bearer on Demand.
amajetich 3 years ago
Sorry but this is a very closed ended question you should change it to be more general about monetary policy in my opinion.
NeonKnight88 4 years ago
I am so thrilled and happy to see so many young people so aware of politics and hearing Dr. Paul's message. My generation, the baby boomers, for all they have accomplished, seem stunted in their thinking. They far worse handwringers and far more hysterical than our parents were. I think you guys and your generation will be far smarter and more sane than ours was. We have left you a lot to clean up. It means so much that Dr. Paul's message resonates with you guys.
dwcarkuff 4 years ago
where do you vote??
amberkayeohio 4 years ago
He is going to remove legislation banning alternative forms of currency and even gold and silver, which is illegal to date. It is not a forcing his way back to gold standard, but it is a choice letting people see the benefits of the system and voluntarily commit to whichever is beneficial.
utubehayter 4 years ago