Ron Paul - The Gold Standard - Fox Business 01-30-09

[sulang85]

DR RON PAUL= PRESIDENT

[gunthaarz]

Gold can never be the standard again. the bankers have a monopoly and have cornered the gold market. The gold market is how the scam started in the first place. The reason why the economy was good before the gold standard was removed was because we had no FED! and people and government had not startet borrowing all their money from the banks and the FED had not started printing their money out of nothing plus demanding interest on it from GOV. & Gov had to ask for more money to pay the interest

[videocruzer]

always comes in cycles.

i started following the big money in 99 when they moved into gold

[gunthaarz]

so you dont understand it??? or you dont WANT to understand it? Or you just did not read it all. Listen. The gold standard was _forced_on the american people. it was the _silver_dollars that saved the economy, READ people! READ!

[IRSFRAUDEXPOSED]

HELP a TRUE grassroots Revolution .. Please SUPPORT Ron Pauls campaign for liberty ( Utube it ) put a true patriot NOT controlled by global groups like the CFR . LISTEN online to REPUBLIC BROADCASTING .[org for info on the new world orders movement without party spin.

[chinasherry1961]

the US stopped issuing silver certifiactes after the Fed Reserve gagnsters shot JFK

[aprilmarco]

Dude should totaly be president.

[TheoneGodfather]

Wish I could afford to buy some fucking gold before the price skyrockets.Unfortunatly,only the rich will get richer because they can afford a thousand ounces,except those that are stuck with thousands of ounces when the price collapses.

[aprilmarco]

Yea thats why they want to keep it that way.

[the3hol]

I wish I could ask Dr. Paul why the old economic rule that good money is forced out by bad would not operate if parrallel currency were introduced.

[Justbeatit999]

This is great stuff! Thanks for uploading! By the way, I always go to financialtruth0.blogspot . com because they post all the latest videos there of JIM ROGERS, PETER SCHIFF, MARC FABER and RON PAUL!

[Justbeatit999]

You can comment on this blog without registering or logging in!

[sugarpuddin88]

Fed debt per person: $58K

Un-funded Medicare/Medicaid per person: $332K

Fed's plundered trusts per person: $30K

Un-funded SS: $166K

Every American owes: $586K for FED debt

Gov grows 4 Xs faster than economy

Fed spending grows 16 times faster than economy, (16 fold expansion in control & gov dependence)

The US gov now holds 57% share of entire National Income = Government makes more than all the money made in private sector!

How long does the USA honestly think it will last?

[deadpool03mm]

Maybe we should just do the capitalist libertarian pig fucker thing and sell everything to various Asian conglomerates.

[sugarpuddin88]

dead - you bring up something interesting I was looking at last night!

download the World Investment Report 2008

Actually the USA has very few percent of Foreign Conglomerates compared to other nations!

It is listed under TNCs (transnational corporations)

[GoldSilver588]

I just can't believe the fact that "we don't even obey the constitution".

[jfooj]

How could gold's value be fixed on the international market for this to be possible? Or would the dollar be pegged to gold and free floating? I guess I must start doing some research on this.

[OgeronimonominoregO]

If gold is the standard, then you fix a definition of "one dollar" to a certain weight of gold - like they did in the old days.

But what Ron Paul and others have said is that it is not the goal to have the gov't use gold as another gimmick. The money monopoly must be broken and fractional reserve banking (creating money and credit out of nothing) must be done away with. Otherwise, you still end up with a top-down controlled system for looting.

[jfooj]

I understand the premise of returning to the gold standard. It is the technical aspect I would like to understand. For example, gold was about $820/oz mid Jan, it closed at $927 yesterday. What will be the mechanism of stability? Gold is traded internationally so how is that market "controlled"?

[OgeronimonominoregO]

There wouldn't be 'dollars' to price gold in if the dollar WAS gold. You'd still have exchange rates for non-gold currencies which the market would set, likely very high.

Being of a relatively fixed quantity and in demand as money is what makes it stable.

It's fiat money which is unstable.

"Controlled" referred to the monopoly money system, not gold - though many think CBs keep gold's price down artificially to help their currencies.

[jfooj]

Thanks, that makes things clearer.

[dab212s]

I believe the change in gold price to the dollar is due more to instability in the dollar, rather than the instability of gold. In my opinion, one of the biggest points of the gold standard is that it is stable without being artificially controlled. Of course, this isn't like the pseudo gold standard we had until 1971. Fractional reserve banking would need to be eliminated. A good free short book that everyone needs to read is "What Has Government Done to Our Money?" by Murray Rothbard.

[jfooj]

I'll have to look for that. Thanks.

[AcomsRazor1776]

Higest Gold price in 1980 $650 an ounce, higest inflation rate 14.76%

Higest gold price in 2008 $1002 an ounce, Higest inflation rate in 2008 5.60%

Exactly how is that not "unstable"

[alex94115]

Its not fixed on international mkts.. gold is the standard by which all other currencies would be rated. if you print too much money then more of your currency would be needed to buy an ounce of gold.. if your economy is strong less currency would be needed to buy gold. example: in 1920 $20 and an ounce of gold would buy a nice suit... today an ounce of gold would buy a nice suit... $20 woulnt buy a belt... and soon wont buy a button...

[engine2truck6]

yeow.... you are right.... unfortunately.

[wackassegyption]

WE BELIEVE IT NOW!!!!!

[Idemandtruth]

good clip

[tsmith2187]

You could still a bi metal standard. All you have to do is assign a fixed ratio of gold to silver. Historically, it's been 16:1.

So in effect, you could say that 16 ounces of silver equals 1 ounce of gold. All money could be printed and basedon this concept.

[Honkyrappa]

In Ron Paul's book "The Case for Gold" from the 1980s, he explains how there have been serious problems with bimetallism in the past as long as you have a fixed ratio. Basically, the real value of silver/gold will go above the ratio and drive the overvalued metal out of circulation as it appreciates. No one wants to use the metal that is worth more than what you get for it in monetary exchange.

[edro9494]

Thanks Rob