Ron Paul on the Gold Standard and Competing Currencies - Fox News 10/4/2009
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Wow... was the FOX being FAIR to RON PAUL!!! When did this happen!!!
Haha, Good Luck Ron Paul, the world is counting on you!! 2012!!
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I hope and pray they do not boycott Ron Paul like they did the last election. I voted Ron Paul in the primary....but the media just made a joke of his running. He is certainly the man for the job....We will have to pray for him because he dances to a different tune and the rich elite will not like his ideas at all...Just remember they are 1% so that makes us the majority...that is really all that we have and it scares the bejibbers out of them...Vote RON PAUL
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I have never heard so much simple common sense from any politician. He should be our president now!
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protected paper money against any type of devaluation is at articlesbase/gold standard currencies
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Ron Paul is my president!!!
2 years ago 3
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Well, gold has plenty of uses in electronics. It's simply not used because it is too expensive. The supply of gold increases every year by something like 3%. Also, the US doesn't have any gold anymore, how would we acquire it? Just start buying up tons and hoping that no one notices our dollar is worthless?
Im not saying its a bad idea, I just need some convincing before I'd go along with it.
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Gold is money. In order for something to become money, it must be (1) divisible (2) limited supply (3) value does not fluctuate much over time and place. Gold best fits the criteria as (1) you can melt it down (2) there's only so much gold (3) its a precious but pretty much useless metal.
A commodity like energy or platinum is not good because it has major industrial and consumer applications, ie its value fluctuates a lot, over time, place and economic conditions.
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that would water down some of the benefits and would require some type of central planning that would defeat the point.
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I think the gold standard would be a dramatic improvement, but it is not the whole answer. I don't understand why just gold? Why not gold and silver? Why not gold and silver and platinum? Why not an energy standard? Your dollar redeemable for x kWh?
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Most people today don't know that our dollar is backed by nothing since Nixon pegged the dollar to oil instead of gold back in 1971.
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Ron Paul for President 2012!!
RobbyRichards 2 years ago 10
Ron Paul ROCKS! Fox is under fire these days because the truth about our economy is about to swamp us regardless of where we stand ideologically.
ChesterFocus 2 years ago 7