DOLLAR VS. GOLD STANDARD (keepvid.com EDITION)

[m3w7ub3]

End the Federal Reserve, vote for Ron Paul he will fully audit the Fed Reserve, and remove them, remove IRS, and remove income tax.

RonPaul2012 dot c om for more information on Ron Paul.. What the mainstream media doesn't want you to know!

As of Ron Paul is third even though he get's little to no media attention

Oct 19- help Ron Paul with his "Black this out" money bomb!

[shutuprafa]

hang on a sec...you're saying prices keep going up and up but wages stay flat? the empirical proof is there that both prices and wages have gone up historically since the creation of the Federal Reserve and more recently post-Gold Standard

Look at the 70s, when inflation was at its worst in this country. Wages and prices spiraled upwards. If you goldbugs are so concerned about inflation, at least be honest about the nature of inflation.

[chadley6916]

Informative and explained well. Thanks.

[waterchildtera]

great video

rid this country of the fed and IRS

[EvenKeelMedia]

Watch: "Investor Watch" for expert advice on gold investing. You can find Investor Watch on EvenKeelMedia 's channel

[CharlesBenson365]

The subject is fascinating. The clip was very well prepared. I recognize the intent and understand the content. As a non-professional, though... I don't agree with the solution to our current economic crisis. The heart of the issue from my perspective, has more to do with educating individuals on the global standard of living, as in equitably providing basic resources for mankind. We are (mankind) intelligent enough to develop resources for the 6 billion people on the planet. CB

[anthonymellado]

What an excellent explanation of what has happened to us in this country. We've been dooped by our own government and we don't even care enough to realize it. At least an insect flies straight into a zapper because it can not reason. What's our excuse? Take my advice, please! Stop spending all you money on junk and start saving it and turning it into gold and silver ASAP. It's the only real way to protect your wealth.

[edmaluf]

I am not an economist or a specialist on the subject, but the "gallon of gas example" and the "corvette price example" make perfect sense.

[Focus1235813]

Woodrow Wilson, after signing the Federal Reserve into existence Part 1: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated.

[SmokinFuckenKush]

straight..FACTS PEOPLE.....its time.....

[nickd4818]

time for what

[xgliderman]

Then what do we have to do? Sell the dollar and buy gold? Is that the answer or buy other currency? This is really distubing. I bet Rothchild family makes more money than everbefore..

[swera12]

they are worth 500 trillion...check out the ring of power

[sixcro]

True, who don't believe watch zeitgeist!

[ANDREWSABAT]

great video! Good work buddy!

[adolescent900]

this is simple

i always looked at it that way, finally a video explaining it!

[Vercingetorix1313]

gold it technologically most valuable; Gold is a resource for space technology, by the way I say this as a broke motherfucker! However I see the common sense in a gold standard.

[gobbler6]

But isn't it all relative? I mean people make more money now because of inflation perhaps, but proportionally don't prices correlate for goods and services? I think there needs to be a better explanation of inflation for my simple mind.

[Cleric775]

If someone can change one part of America's Constitution easily...then the whole Constitution's been fucked literally.

Sorry to say that. But there has been an ongoing debate on YTube about the government altering the First Amendment.

[Sojaofdapepo]

fuck! now i wanna go look for a bunch of quarters from 64' and earlier lol tanx

[cowboycarl04]

i have done that... ebay is nice, and if it gets to a point where they try to confiscate gold and silver like in 1933, they won't touch the "junk" silver coins pre 1964 from my understanding.

[Sojaofdapepo]

do they pull those 1 from circulation when the banks get them? because i found a bunch of 65 and up

[davidchenard]

They didn't go after silver coins when they took everyone's gold bullion last time. You are probably right. They may take silver bullion. Art bars and rounds can be considered art and collection items instead of bullion, so that would be safer than generic bars.

[whitehorserider]

Wasn't JFK assinated because he wanted to return to the gold and siver standard and get rid of the Federal Reserve? The FR is owned by banking crooks who make the paper money, then through their own banks, loan it out to the public and get the high interest rates? Then the cycle is repeated over and over?

[cowboycarl04]

that's actually one of those conspiracies that are false. The actual definition of the executive order and the situation around that isn't true.

I googled that very information tonight and read an interesting article on it. I suggest do some research and decide for yourself.

[katmancool]

Great and succinct explanation of the real issues behind inflation. True inflation since the abandonment of the gold standard is roughly 5000% (fifty times). Think about it - basic item costs in 1925 vs now: car $400 v $20K; home $10K v $200K; doctor visit $2 v $100; hamburger 10 cents v $5; etc. Yes, there are some things that don't quite fit this ratio - but its close enough.

[MRauron]

This is therealnewsweakly's video :/

[YouGotRonPauled]

You've got Ron Pauled!

[rseveran]

"I therefore dismiss such wild theories, and speak only to those who are willing to assume, as an axiom, that gold and silver or coined money, have been proven by all human experience to be the best possible standards of value, and that paper money is simply a promise to pay such coined money, and should be made and kept equal to coined money, by being convertible on demand."

Secretary of Treasury John Sherman, 1877

[rseveran]

"There is a large class of people who believe that paper can be, and ought to be, made into money without any promise or hope of redemption; that a note should be printed: "This is a dollar," and be made a legal tender. I regard this as a mild form of lunacy, and have no disposition to debate with men who indulge in such delusions, which have prevailed to some extent, at different times, in all countries, but whose life has been brief, and which have shared the fate of other popular delusions."

[frankster21]

awesome!!

[Fishhookmen]

and not necessarily via the gold standard, which is just one way that didn't work, precisely because it could be and was abandoned-the question here is-how does one amend the constitution (assuming it was agreed upon in a democratic fashion-not likely to happen any time soon!!), so as to make it constitutionally required to follow a low inflation rule-i realize such a formula would not be very precise-but perhaps it would be far better than anything else one could think of at present.

[rseveran]

"Required to follow a low inflation rule"

Umm, that is what they SAY they are doing now. The Fed (aka the Department of Inflation) attempts to maintain a balance between full employment and reasonable (HA!)inflation.

The main reason the gold standard didn't work is because the gov't got too greedy. Your argument is not clear on why it "didn't work." It didn't work because it was abandoned?  That makes no sense.

The Constitution already says only gold and silver are legal tender.

[Fishhookmen]

I would just like to say that many reasonable people who have a basic understanding of economics agree that the supply of money should not be manipulated to fight recessions and mitigate booms (Keynesian economics), however, the gold standard's only virtue was in it's ability to transfer its own scarcity to the supply of money-it failed in this because it could be and was abandoned-let us therefore agree, that the only way to keep money honest is to force it to be honest, one way or another

[Fishhookmen]

if we want to keep our currency honest, we have to go to the root of the problem-gold didn't work-just as good-in fact better-than the gold standard would be fiat money, but specifically fiat money that was printed according to regulations(if this is at all possible-I'm not a lawyer) that would mandate that the only criterion for printing money should be targeting low inflation-no more recession fighting in other words, and no more government caused business cycles

[Fishhookmen]

the argument is correct in some respects but misses the point.The main argument for the gold standard is that it prevents too much money from being printed-in fact the only reason gold has any value is its scarcity-money is thus kept valuable by echoing the scarcity of gold. The fact is that there was a gold standard, and there no longer is one, so gold does keep a currency honest, but only so long as there is a gold standard-we can revert to it, but it will simply be abandoned again.

[ProprietorOfSelf]

the answer is not to return to a gold standard. realistically speaking, there is not one single effective restrictive measure that can FORCE politicians to be fiscally responsible. even if we were to go back on a gold standard, it would simply be abandoned once again as it was the first time. the ONLY way to keep government honest in its printing of currency is to not let it. the problem is the central banking institution itself. gold standards can be repealed and ignored.

[DrRonPaul4President]

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[Eudoxio80]

We need to act. We can all hope and want RP to be president, but if we dont take positive productive actions in our respective communities, RP as president would not be enough. If u r a Citizen, u can run for office in your local government. Be the leader in your community that speaks the truth and has high moral standards. We have to eliminate all the hypocrites running our government, churches and households. U can be the role model.

Hope you can help in your community.

watch?v=zbR4jXfQqVU

[IntoEternity0329]

An increased demand for staples like food and oil from an increasing world population have increased the prices slightly, but roughly 93% of the rise in oil prices since 1985 is from excess printing of money. So in other words, you are right.

[daude23]

we provide everytin to goverments to keep fucking us in the ass and we seem to like it..............i dont know everytin but imo mankind is soooooooo fucked up -.-"""" just look at how much we get fucked every day

[DrRonPaul4President]

Thanks for spreading the word. Hope lots more people keep reposting or making favorite.....

[SolCaeruleus]

Excellent video. I would like to add, that because the value of printed or E-money has no material value, the same principal applies to the coins we retain, and makes it... well worth saving your pennies. There are apx. 145.84952 pre 1982 copper pennies in 1 Lb. That = A face value of $1.46 But 1 Lb of copper is actually worth about $4.00 today. For every 146 pre 1982 pennies you possess, you actually have $4.00... Ironic, the word penny originally meant "a king's ransom" ie his weight in gold

[mariofan901]

kewl

[gmajkl]

Very well put..

[photofu]

well done, i remember when gold was 300$ an ounce. sounds cheap, bummer now.

[ratedmysterio]

wpw this sucks