The Steps to Returning to a Gold Standard?

[fistfullproduction]

Oh pappy, thank you for you compassion for the ignorant and oppressed – the truth is that it was the goldsmiths who were responsible for storing gold and issuing receipts

[chippprrr]

Pres. Lincoln was no tyrant, judge!

[Morepullups]

YOUR THE MAN JUDGE!!!! DOWN WITH THE FED RESERVE!!!!

[BRYAN351]

I used to be a staunch "gold bug" before I watched Bill Still's documentaries "THE MONEY MASTERS" and "THE SECRET OF OZ." I now believe that paper fiat currency can work, if it's created by our government, DEBT-FREE, and NOT by a private banking racket at interest.

Bill Still's main point is that it's not important what backs the money. What matters is WHO CONTROLS ITS QUANTITY.  We the people must have strict oversight over our national money supply. I'm open to civil discussion or debate.

[HitokiriFyre]

@BRYAN351 It may be able to work in theory, but it can never work in practice. It will always be open to too much corruption, and that will always lead to its exploitation. When something as powerful as money CAN be manipulated, someone always will manipulate it.

[cuneeda1950]

I would say there is NO gold in Ft. Knox, most likely gold painted lead bars.

[WhatsReallyGoingOnUS]

Did I hear the Judge allude to BitCoin?

[theosdoren]

Why doesn't the Federal Government or the Media talk about this? What are they trying to hide?

[BRYAN351]

@theosdoren Watch the brilliant documentary "THE MONEY MASTERS" on my channel to see why this topic is never discussed by the media or government (except for Ron Paul).

[mrpetermjohnston]

Nixon ended the gold EXCHANGE standard, where only central banks could redeem dollars for gold. also ending the executive order would return to the legal price of $35 per oz. AT THIS price there is not enough gold in the world thanks to decades of inflationary monetary policy

[WhatsReallyGoingOnUS]

@mrpetermjohnston Why would it return to $35/oz? Wouldn't the value be determined by supply and demand? Seems to me like it would make the price of gold sky-rocket, since most people don't own gold.

[mrpetermjohnston]

@WhatsReallyGoingOnUS I agree that that in a free market for money gold's price would head for the stars. however the $35/oz conversion rate was set by congress as part of the establishment of the bretton woods system at the end of WWII. nixon's exec order suspended the conversion for gold but to return to a gold standard at a different conversion rate would require an act of congress rather than simply annulling the executive order... thats how i understand it anyway

[WhatsReallyGoingOnUS]

@mrpetermjohnston Wow. Great answer.  I didn't know that. Thanks.

[sophiah88]

The fundamental problem is that, at current price of gold, the Federal Reserve does not have enough gold to back all the dollars. However, even though there are challenges to overcome, there are solutions to get the US back on a gold standard.

Congressman Ron Paul has been championing a return to the gold standard and, as evidenced by his 1985 paper, his approach to going back to a gold standard is based heavily on writings of Ludwig von Mises.[9]

energybackedmoney com/chapter4 html

[digitalSensei]

@H1TMANactual No it wouldn't. It's just a matter of what you set the new price at.

[H1TMANactual]

Returning to gold standard would be the dumbest idea ever considering M2 is about 10 times the value of gold held by Fed.

[seattletruther]

DRUDGE REPORT !! VOTE FOR RON PAUL !!