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Originally posted by ldyserenity
reply to post by OutKast Searcher
And costs would go down, not quite third world, but things would be awfully more affordable, So how's that sticking it to the middle class? This would balance the market, IMO. And no, I think that rich people would have a lot more things as well, since they will be cheaper to buy, but along with this artificial scarcity also has to be resolved, and I really don't know where RP stands on that or if he's even acknowledged it...the only scarce thing we have right now is Oil, but if there were more alternative fuels created there would be no issue with that either. Plus I hear hybrid cars are going down in cost too, so this could be a start, JMO.
Today, under Keynesian "monetary policy," the money supply is easily expanded through open market purchases of government short term obligations - a "monetization of debt" - usually involving nothing more than the changing of notations on financial accounts from government bills to cash - and by shortening the average term of government debt and other modern credit based methods of expanding the money supply. For a detailed explanation of how the U.S. Federal Reserve System was transformed into an engine of inflation, See, Meltzer, "A History of the Federal Reserve, vol. 1 (1913-1951)," Part I, "The Search for Stability (1913-1923)," Part II, "The Engine of Deflation (1923-1933)," and Part III, "The Engine of Inflation (1933-1951). For a broader view of U.S. monetary history, see Friedman and Schwartz, "Monetary History of the U.S. (1867-1960)," Part I, "Greenbacks and Gold (1867-1921)," Part II, "Roaring Twenties Boom - Great Depression Bust, (1921-1933)" and Part III, "The Age of Chronic Inflation (1933-1960)."
Each candidate has it's own group of morons.
Originally posted by OutKast Searcher
reply to post by ldyserenity
Things would have to be more than changed...the WORLD would have to follow along. And it isn't in any countries interest to follow along to a gold standard. If the US goes to the gold standard, it would be better for every other country to stay off the gold standard, demand payment from the US government in gold until it is bankrupt and then sell the gold back to the US, who has no money to buy it.
It's easy to go from a gold standard to a FIAT currency when you are an economic powerhouse like America was when they did it...you just tell other countries "Our money is worth this much"...and they have no choice but to agree. They only way to combat that is for them to go FIAT as well.
But going back to the gold standard is suicide for the first country that does it.
Anyone who thinks such a mess of a person would be good running for even dog catcher--much less above . . .
is delusional.
"WHAT?" "I mean did he just really say Hawaii is part of Asia???"
And we have 53 states? Come on....you don't see it?
As President, Ron Paul will work for passage of comprehensive audit legislation, and he will also fight to legalize sound money so Americans will have alternatives to the Fed’s inflated paper money.
Ultimately, he will lead the charge to end the dishonest, immoral, and unconstitutional Federal Reserve System, enabling America to take a giant step toward economic security, financial responsibility, and lasting prosperity.
Where is the plan???
Originally posted by kawika
reply to post by OutKast Searcher
Where is the plan???
More important to know his past, what has he done, what does he think, who is he. Candidates will say anything to get elected. BO was an exception in that he told us what he was going to do to us and then was elected anyway.
Ron Paul is a small govt guy. That is really the choice, you want them all in your business, or you want to minimize govt. Close big agencies. Kennedy was killed because he was going to disband the CIA. It would be foolish for RP to telegraph something like that. RP has discussed things like auditing the FED. Maybe a foolish thing to speak about until just walking in there.
Probably no one can save us. You only have one vote. Vote for the one who is alike in thinking to yourself. Search his history. Pay no attention to what they say to get elected.edit on 29-12-2011 by kawika because: added quoteedit on 29-12-2011 by kawika because: 84