@imhere11111 After 1933 it was linked to gold BUT fractional banking became the norm. In other words, instead of keeping a gold dollar on reserve and loaning that gold dollar, they began to loan two dollars for each on deposit and then 3 and then 4... Now, like Dr. Paul said, one ounce is 1750 instead of 35... That is the base of the problem...
Did he forget Money used to be backed by gold before 1933...wtf,,...another politician contributing towards rewriting history
imhere11111 6 months ago
@imhere11111 After 1933 it was linked to gold BUT fractional banking became the norm. In other words, instead of keeping a gold dollar on reserve and loaning that gold dollar, they began to loan two dollars for each on deposit and then 3 and then 4... Now, like Dr. Paul said, one ounce is 1750 instead of 35... That is the base of the problem...
jb4rp2012 6 months ago
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ron paul 2012!
socalking421 6 months ago
It's great how much these guys fear Ron Paul.
johnnyborealis 6 months ago 10