Ron Paul From FDR to Bretton Woods Gold Standard

Who do you listen to as far as the economy, and the world stage... The folks that got it all wrong, and encouraged the FED, our nations central bank, to bailout their Wall Street buddies (mainstream politicians in both parties, special interest lobbying on the hill, and of course their cronies from Wall Street). Do you currently listen to the same politicians and economic advisors who were all saying that we had a sound economy before the housing crisis caused toxic assets all the way up the ladder. Peter Schiff (President of Euro Pacific Capital, and potentially running for Senate against Chris Dodd in 2010) predicted all this with confidence in 2006, and says that it did not take a genius to see it coming.

The majority of our consumption based economy is from importing (from the Grocery Store to the Department store), so Americans will never benefit from a lower dollar (not without a lot more exports). As the Federal Reserve Central Bank funds our Government, from Wars to Welfare, and continues to print dollars and create credit, the pain gets passed to us in the form of higher taxes, and lower purchasing power (inflation). Of course other central banks around the globe help finance our debt in the form of purchasing Treasury Bonds. What happens when other nations slowly stop buying our treasury bonds, and stop holding onto dollars for reserve, and compound that with more nations consuming internationally. Will the dollar remain the preferred reserve currency? Other nations are already investing less in our dollar, and global competition is increasing. The future could look bleak for the average citizen, our seniors on fixed incomes, or people that have saved dollars thinking they were doing the right thing. Unemployment is rising, and those with jobs do not see raises that keep up with the cost of living. Inflation only balances if your paycheck inflates in proportion.

The scheme can only continue if the dollar is the worlds reserve currency, and other nations can profit from our debt. Is that a realistic enviroment?

Besure to check out:
http://schiffforsenate.com/
and
http://www.randpaul2010.com/

Category:

Education

Tags:

• Ron Paul
• Rand Paul
• Peter Schiff
• Bretton Woods
• Gold
• Connecticut Senate
• Chris Dodd

[3DNC]

The majority of our consumption based economy is everything from the Grocery Store to the Department store (importing and trade deficits), so Americans will never benefit from a lower dollar (not without a whole lot more exports). As the Federal Reserve Central Bank funds our Government, from Wars to Welfare, and continues to print dollars and create credit, the pain gets passed to us in the form of higher taxes, and lower purchasing power (inflation). Support Audit the FED HR 1207 and S604

[freetaxdebtreliefy]

You can discuss the many-we must look and listen!

[chrislebensmother]

Warfare = Welfare. Welfare = Warfare. Central Bank = Left Funding for Welfare & Right Funding for Warfare - Both sides love it thats why it persists! Now you know what WW2 stands for. Its used to be WW1 but both sides got in on the free for all.