Ron Paul - New Orleans Investment Conference, Pt.2

Congressman Paul looks back at the closing of the gold window, reads an excerpt from his copy of Jim Blanchard's first gold newsletter, discusses his personal experiences with buying gold, and talks about the need to protect individual liberty.

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[mattisava]

We really need this man to run for President bad. Really bad.

[Vunks2000]

Peter Schiff for Senate 2010!

Rand Paul for Senate 2010!

Ron Paul for President 2012!

[sibkiss2009]

@AFRIKTODAY We have heard that Gaddafi was proposing a gold currency and did not want a central bank creating their currency. The rebels there first thing was to set up a central bank in Libya. Oddly enough.

[sibkiss2009]

@chevydriver1123 I think he has recommended that we legalize competing currency and gold and silver as legal tender for all debts too. Internationalists travel with a diverse pocketful of currencies, and use which one is best for the country they are going to. He wants it to be legal for Americans to do that also here.

[3martijns]

Does he have ANY PLAN for what to do about jihadie TERRORISTS?

[dlbirchle]

Rand Paul for Senate, 2010!

[plalelal]

There would have to be a loan standard of say 1:5 so the economy could grow. There's no way we could just go 1:1. Not enough gas to fuel the economy. In other words for every ounce of gold, up to 5 times that amount could be loaned out. (Wisely)

[adelelles]

Ron Paul, he has the skeleton key for the whole country...He jumps up and down "I've got the key! I've got the key!"...But nobody hears him.

[anarchylogic]

first you begin by allowing private individuals to contract in gold. then the marke will make a natural transition back to sound money.

check out ron pauls book end the fed. in it he explanes how we would go about this.

[marekmazurkiewicz]

fiat system is nothing more than a ponzi scheme..and most likely the biggest one in history..its like madolf...we should have never gotten rid of the gold standard..

[europa]

It would be the same system as now but with no fed and for every dollar thats printed, it would be backed in a reserve with a certain value of gold per dollar.

A dollar is supposed to be a reciept for gold, at any time you could go to the Govt and cash in your dollar for gold. it ended in the late 60's for us citizens and for the world under Nixon in 1971-73.

[chevydriver1123]

I support the Gold standard but I havent been able to find an answer on how would we transition to the Gold standard. Would we just be able to buy gold from Fort Knox or what? Does anyone know?