July 21, 2008: Faith-Based Currency
http://www.house.gov/paul/index.shtml
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The Dollar coming to an end and yet the FED is only a small part of the problem.
Solution by congress?
Yep Print lots more money
The Latin term “fiat” roughly translates to “there shall be”. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the government. Fiat money is exchanged in the economy as long as there is faith in the government that issues it.
Ron Paul's campaign has opened a lot of peoples eyes to the truth.
I wish my congressman was more like him...
Ron Paul is poison!
His plan to remove transactions taxes and capital gains taxes on gold is to allow foreign gold to enter our economy and own everything!!! Stop this phony Texan Congressman from finishing off the republic he pretends to love.
This statement by Ron Paul says it all: "For gold to be an alternative to Federal Reserve notes, taxes on any transactions in gold must be removed, both sales and capital gains. Holding gold should be permitted in any pension fund, just as dollars are permitted in a checking account of these funds. Repeal of all legal tender laws is a must. Sound money never requires the force of legal tender laws. Only paper money requires such law." (1) Paul will let anyone who has a lot of gold set up a bank whose gold-backed notes compete with the dollar. It will be the elite money that the masses would not be able to own. The people would no more be able to get their hands on this gold money than they can get their hands on gold today. All this would do would eliminate the middle men so holders of gold can come right to the US and buy up our assets without having first to buy dollars. Paul says: "I wouldn't exactly go back on the gold standard but I would legalize the constitution where gold and silver should and could be legal tender, which would restrain the Federal Government from spending and then turning that over to the Federal Reserve and letting the Federal Reserve print the money." This is not plan to "prevent inflation" -- inflation is something the Fed can create or not at will, not something that must be guarded against -- the financial aspects of the economy are under close scientific control -- in the late 1970's the Money Power wanted inflation to destroy our saved purchasing power and they got it -- they used the money to buy up the last of the independent media etc. -- not wanting the blood on the hands of Fed chairman Arthur Burns they brought in a scapegoat fool G. William Miller to do the deed -- and then when he had done his job and the assets were redistributed, he was replaced by Volker who switched to deflation policy -- now that the money elite held all the IOU's and junk investment cash -- monetary policy is run by the criminal element, and that criminal element owns the international gold that Ron Paul wants deregulated and coming in here buying up all of our foreclosed houses without having to by dollars first to get them (they don't want to bid up the value of the dollar) -- inflation and deflation are under the control of the Fed and the bankers and brokers who buy and sell securities with the Fed -- this is all about deregulating the power of gold to come in here and throw its weight around buying up US assets. Ron Paul is evil personified -- and people don't understand that evil can pose as a folksy old country doctor.
(1) http://www.house.gov/paul/congrec/congrec2003/cr090503.htm
Aho! I simply felt like interjecting that in there (with reason).
That guy creeps me out, he looks like he came from hell.