Detailed description of Ron Paul’s stance on Monetary Reform. A great video to show members of the financial community. www.ronpaul2008.com
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Lo and behold! Googling up a topic on utube, I stumble upon Ron Paul…2 yrs. later.
Interesting that so many laughed at him at the time, and yet…he is absolutely correct. I also admire his humility in light of his knowledge.
they are now , some people are aware of the causes NWO
What will be the backing for the dollar in the future?
Only a money monopoly can hurt the USA and the world economy, not the medium of exchange.
As long as you have freedom, you will have prosperity. If a new monopoly of centralized control is enforced, then we’re in the same boat regardless of the medium.
Gold and silver are constitutional money for gov’t issue. Paper is not.
bravisimo
It’s time for Dr Paul to stop beating around the bush and explain to the People that the Federal Reserve is essentially a private monetary cartel – a private bank. He knows it is. He needs to explain that the nation borrows from this private bank; but what we really should be doing is making our own money instead. It’s a no-brainer. This one single change would bring incredible prosperity. Watch “The Money Masters” for more information on this. It’s on google dot video dot com.
iiiit caaaan heeuuurrrt
RON PAUL 08
Amen to that! Could not have said it better myself! Ron Paul win or loose!!!
how can people not understand what ron paul wants to do to help our economy? so many people bitch about inflation and poor housing markets, but yet they go and support a candidate like senator mccain, who has absolutely no idea what he’s talking about when it comes to the u.s. economy. no other candidates come close to the amount of knowledge ron paul has about our currency and economy as a whole… RON PAUL 08
my precious, my precious.
Ron Paul at it again!! However , he is right ofcourse in saying that we need a new monetary system. My own research, and development project of Transfinancial Economics holds the key…..and yes, it does not deal with a limited gold standard!!!!!
R.Searle
divinacomedias – you’ve been conned by the private banker’s anti-gold propaganda. To see the value of a gold standard look back further in history.
We’ve abolished two previous central banks in the USA. We’ve also returned to sound money twice. Once after the continental dollar collapsed, and once in a more orderly manner, when we redeemed the civil war-era greenbacks for gold and silver.
-jcr
It’s about competing currencies not a gold standard. This would create a market monetary policy. Any medium with some scarcity would work.
I agree that if we have a monopoly on currency of any kind like the Gold standard that could be used to the benefit of those who have cornered that commodity.
I’m not the smartest guy but I do know that a private bank controlling my currency is… not a good thing.
The problem of the current monetary system, fiat currency and privately run economy, is correctly identified.
ATTENTION PLEASE, be warned that a return to the gold standard will only favor those behind the current Fed fraud, the NWO, who’s institutions such as the IMF have been buying up gold reserves from government treasuries. Clearly in the hope or eventuality of a DISASTROUS RETURN TO THE GOLD STANDARD, THAT HURT THE USA AND THE WORLD SO TREMENDOUSLY IN THE PAST.
The nation must print it’s own money without having to pay interest to a private institution to do so for them and thereby hold the nation in eternal debt, for which it needs to print money to ver and pay further interest on that sum.
The autonomy of central banks must be removed, AND WE MUST NOT ALLOW A NEW CURRENCY TO BE BACKED ON GOLD, THE OLD TOOL OF THE INTERNATIONAL BANKERS. IMF HOLDS HUGE GOLD RESERVES AND HAVE THE POWER TO REVALUE GOLD AT wHAT THEY WISH IT TO BE.
You’re right about Fiat being better then Gold standard, but Paul is talking about a competing currency. Whether it be gold vs, silver or gold vs. fiat. If you go back to strictly GS then you are making a huge mistake. Ron Paul understands this, and he’s the only candidate that does. You also have to abolish fractional reserve banking. You can still have a central bank but not a privately owned one. Ron Paul knows this.
(thats unless GS implies loan reform, in which case its a plus, but you still get the ‘whos controling the gold’ question and the straight jacket effect on the economy.)
Who is going to issue the GS money and where will they get the gold? Sure, when bankers had the gov go out of GS who got the gold at bare bottom market-flooded prices? Joe hobo? No Bankers and multi-millionaires. So who has the gold now that everyone will have to pay to get reserves from? Bankers and Forbes etc. Of course theyre smiling.And unless you reform fractional reserve banking and bank loans the GS wont mean shit anyway because most of the money is not even currency its debt.
The good cop vs bad cop routine is a deception designed to make you forget that they are BOTH cops!
Fiat vs Gold is a red herring, Fiat is better than gold if used correctly, but Bankers Fiat vs Bankers Gold are both a racket. The problem is not Fiat, its Banker issued at interest as ‘Money from Debt’.
/watch?v=cy-fD78zyvI
Anyone who says gold backed money is a crazy idea is going to feel silly if and when America does it. If a competing currency came out today, redeemable in GOLD, how many of you would trade your dying fiat dollars in a second for it?
The naysayers will feel awfully dumb when they miss that boat.
Paul did not “partially concede” to Bernanke.
He was bolstering his argument by pointing out that the people who are most damaged by the fed’s reckless expansion of credit are those living on fixed incomes. Any contention that inflation doesn’t affect domestic prices is absurd on its face. Think about the (imported) energy component cost of practically everything that is made.
He partially conceded the point, which is why he responded by specifically bringing up the elderly, those on retirement. Go watch the video again if you forgot.
Ron Paul certainly didn’t agree with Bernanke on that point. What are you talking about???