1933- FDR Ends the Gold Standard

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[benjie2429]

Great video I'm gonna steal it lol...gotta let everyone know

[RonPaulWillSaveUs]

Please do!!

[xms32]

FDR didn't end the gold standard. Learn your history. He suspended it and stole gold from the citizens. President Nixon ended the gold standard in 1971.

[daveho77]

great video! thanks for posting. Ron Paul 2008!!

[SuperTofu93]

Lower inflation rates make it hard for debtors to repay banks. That's why gold is good for big business but bad for the American people.

[evadidio]

@mongoose704 No, he doesn't know the economy at all.Only demagogism.Every people well skilled on GS knows it will bring a new feudalism with deflationary welfare and unemploying. A new ultra tech- slavery. Infact the currency of NWO wants to be a GS currency, so who's rich will become richer and richer and who's poor will be poorer and poorer.

[evadidio]

@mongoose704 You think? I't s really ingenuous.You know who fix the gold taxes every morning at the LBMA? 6 people ultrarich in the world. Only 6 people.Rotschild, Goldman, and other 4 less known.GS presents an obscure shade:the fixing.If I' m a ruler and I can fix the gold tax, I can say an ounce of gold is valuable as a car. And all the people who don't have any? This is slavery and feudalism. GS is not as fair as it seems. Could be a major X than the fiat.

[evadidio]

@xms32 GS presents an obscure shade:the fixing.If I' m a ruler and I can fix the gold tax, I can say an ounce of gold is valuable as a car. And all the people who don't have any? This is slavery and feudalism. GS is not as fair as it seems. Could be a major X than the fiat.

[mongoose704]

@peterkolar AND SOUND MONEY severely limits the ultra wealthy and governmental partnership's ability to redistribute income. FIAT currencies (and their control by the federal reserve) give the government a tremendous amount of power to redistribute wealth from the poor and middle class to the rich through a subtle mechanism called inflation.

[mongoose704]

One criticism I do have of Ron Paul is I wish he would speak more on the solution to inflation and the trade cycles caused by FIAT currencies. He most certainly does have those solutions and they are exactly what we need. But sometimes he speaks too much about the problems.

[mongoose704]

@Thetruthishere11 TRUE! The New Deal was the brainchild of Hoover and he first implemented it. Mises wrote a lengthy essay on the first New Deal brought about by Hoover. When the first "so-called official New Deal" was drafted by FDR, Hoover was his chief advisor. Academians praise FDR for the New Deal and trash Hoover because he was supposedly "Laissez Faire." Gotta love communist propaganda.

[mongoose704]

@ytubechad Our gold standard was always screwed up. Government pegged the cost of gold to silver which is what created all of the bank runs because a government induced shortfall on one would cause a panic run on the other. The was way too much intervention on the price of gold and silver by the government for the standard to work.

I believe in sound currency but I would not want a return to the gold standards of old. I would want a revised gold standard or perhaps competing currencies.

[Thetruthishere11]

hoover = FDR

[LER77]

Boat Loads of American gold was shipped over seas. USA inc was bankrupt.