(2006) Ron Paul: GOLD AND THE US DOLLAR [Part 2]

[MrColts420]

Ron Paul 2012

Down with Federal Reserve, and this whole criminal system that they call a "free market"

[UserNumber112358]

Dr. Paul was ahead of the curve a long time ago.

[leoveteran]

we need to get this man in office soon!!!

He actually called out Bernanke for giving lip service about transparency!!

And Predicted everything happening right now!!

[Thesniper21]

We are being pushed into a corner with pressure from Asia and the Euro to form a North American /south American central currency. The Amero.

If we reset the already artificial currency rates with a single currency for all of the Americas, this would be a potent economic event. This is a /Bilderberg /Rockefeller idea, but its what we are headed for..its the only solution besides wholesale depression and wars.

[kismatkakhel]

not "was" right... he is always right... just not many ears to him.....

[kismatkakhel]

Honestly, there are a bunch of fuckin idiots sitting in washington who dont have a damn idea of what the US is going thu...... with exceptions such as Ron Paul..... and on the other hand we have an ignorant public who cares more who will be the next American Idol or celebrity gossips,.... All these assholes are gonna wake up only when the next depression arrives......

[zardcat1111]

@kismatkakhel you speak the truth. No one has a clue what the fuck is happening. OBLIVIOUS.

[yourboyken]

RonPaulisRight!

[Dasifter]

When the US dollars falls you can sell your gold overseas where the value is strong. The Euro will be the strong dollar like the Sterling pound was in the past.

[cuthroughthecrap]

but if you can create $1,000,000,000,000 by hitting enter on your computer, and that "money" is valid "legal tender", then..?

[cuthroughthecrap]

common guys, gold is a resource with scarcity and holds value inherently, it makes sure that our societies don't artificially expand beyond our means to sustain them. Look whats happening now. Fiat money systems with no backing, a currency where 97% is digital.. creating a worldwide economic stronghold by allowing private corporations to control the supply of money. If it was hard gold, they couldn't do it..

[lordlugworm]

Oh my. How silly can you Be.Your dollar is printed because of the usa reserve in gold.sorry to tell you but.if the Dollar is worth Nothing.Niether will your gold or silver?

Fresh fish n veg n free energy n engines running on Bio oils n electric are the NEW currancy-

But at least your correct about gold and silver becoming WORTHLESS

[luke666808g]

Monetary policy works almost directly opposite to what you said.

[paiwa86]

wow, is it just or me or does this ring true to the current financial crisis being experienced in the US? The market cannot be fooled, what goes around comes around in this case... money doesn't just grow or appear, it needs to have VALUE!

[OghamTheBold]

Gold 'was' 'historically' currency - but gold is and always will be just soft metal with little practical use (shiny though it be) - it has some use and some 'small value', but not enough to justify a 'large price'.

If gold had practical value - it would not just sit in private vaults for 100's of years - piling higher and higher.

[jaralero]

Ogham,

Gold is piling lower and lower where debt is piling higher and higher: Italy. Look also into the German case, which is interesting because of the stubborn opposition to sell any of those reserves of so "small value." £438/£441 per troy oz. (£371 in 1980).

"No practical value." Thermal properties, non toxic, highly conductive, dense, most malleable and ductile of metals, reflector of electromagnetic radiation, Engineering, Medicine, Electronics, useless. Thanks for the laughs.

[chaserehn]

There is gold in ALMOST all technology today. i worked for a recycling company about 2 years ago and it would blow your mind if you knew how much gold you can find in the trash.

[jaralero]

chaserehn,

Very good point!, though it is in minute amounts, NOW WE HAVE TO LOOK INTO TRASH instead of rivers. I'm not eager to explore bins but hey, there's another business for Silicon Valley ;D

[luke666808g]

That's like saying US dollars are and will always be just paper, I'd rather store value in a rare shiny piece of metal than a piece of paper.

[lordlugworm]

Then when all colapses,it will just mark my words,when i know not.

Luke666808g will be lumping a rather heavy bag of rubish gold about.

Just like a whole load of others.

[luke666808g]

At that point, what will it matter? If gold doesn't retain it's value, I'll be in the same boat as everyone else.

If I'm trying to protect myself from a financial collapse, I'm going to be looking for something easily convertible to store my wealth in, if not gold, then what?

[ojsdaddy]

Idiot gold will never be worthless unless there was some miraculous new material is discovered that is more rare and useful than gold. The dollar is not printed because of the gold reserves today. It's just printed and given value, devaluing the whole lot of it.

[OghamTheBold]

Money's physical form is not the problem - a massive chunk of gold has hardly more use than paper - OK you can bang a nail in with it; but the gold will dent, so it's not even a decent hammer

[jaralero]

OghamTheBold,

I'm not sure if you are being serious, just in case you are, or for those who think so: nobody has any problem with the physical form of money, the argument is about the -value- of money (the paper is a receipt, obviously). Hammers are good for bricolage, Ron Paul's "The Case for Gold" (he is in favour of hard assets, gold being one) is a good starter for monetary policy.

[patriotsundergod]

Gold and silver have had value for all of known human history! What makes your 50-85 years so special?