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Originally posted by DaTroof
Who exactly benefits from Paul's "end the Fed" stance? Those with gold. Who has the gold? Not the United States. Who is Ron Paul actually campaigning for? Not Americans.
Originally posted by Tw0Sides
Originally posted by DaTroof
Who exactly benefits from Paul's "end the Fed" stance? Those with gold. Who has the gold? Not the United States. Who is Ron Paul actually campaigning for? Not Americans.
Dude, you really got to get out more.
The Fed with their money policy is like a huge Mafia Family that get's a "taste" of almost every dollar spent , and respent in the USA.
Wouldn't it be nice if your friends needed to borrow say 1 million dollars, so you went to your garage and printed up, out of nothing, 1 million to lend them.
Of course , when they pay you back, you get 1,100,000.
Nice profit , out of thin air.
Then because of the "thin air" money made, the US Greenback loses value.
A dollar in 1913 is worth like 7 cents now.
(GOLD, .... I'm fighting the reach to use emoticons.)
Originally posted by DaTroof
Now, consider the amount of gold held by the IMF and European Central Bank, and then tell me who really benefits from an "end the Fed" policy.
He is completely right about that, and furthermore I would say the economy shouldn't be tampered with in the first place, and their main tool for "adjusting" the economy certainly shouldn't be inflation. The money supply should just be set in stone and left to it's own natural processes without being tampered with by so called economic planners. Printing more notes wont help anything, it will just end with a completely worthless currency and you'll need a shopping cart full of notes just to pay for something. That is why I believe a fiat currency can work fine, as long as the volume of the currency remains steady and avoids manipulation. If we could create gold out of thin air people would be trying to tamper with the price of gold through their stupid "planning" concepts and eventually make it worthless. Luckily that can't happen with gold, and that's why it holds it's value. Bitcoin operates on the same principle, that the volume of currency should be set in stone. Even gold isn't as good as bitcoin because when we start mining other planets we could start finding ridiculous amounts of gold.
No body is smart enough to have central economic planning. - Ron Paul
Originally posted by DaTroof
I watched the video, and Mr. Paul stammers and talks in circles. It's become clear that Ron Paul's ideas benefit the Federal Reserve, not the American people.
Originally posted by DIRTYDONKEY
reply to post by DaTroof
ron paul has a lot of gold and silver!! he would be all set.
Why would they have that legal right? Because the Government needs to pay back everything it "borrowed" from the Federal Reserve? If that is the case, then the Government will just declare that debt null and void, throw away the Federal Reserve Notes and shut down the Federal Reserve as a central bank.
The Federal Reserve would benefit by having legal rights to claim the gold (whatever is left of it) in the US Bullion Depository in Fort Knox.
Originally posted by ChaoticOrder
reply to post by DaTroof
Why would they have that legal right? Because the Government needs to pay back everything it "borrowed" from the Federal Reserve? If that is the case, then the Government will just declare that debt null and void, throw away the Federal Reserve Notes and shut down the Federal Reserve as a central bank.
The Federal Reserve would benefit by having legal rights to claim the gold (whatever is left of it) in the US Bullion Depository in Fort Knox.
Originally posted by DaTroof
Originally posted by Tw0Sides
Originally posted by DaTroof
Who exactly benefits from Paul's "end the Fed" stance? Those with gold. Who has the gold? Not the United States. Who is Ron Paul actually campaigning for? Not Americans.
Dude, you really got to get out more.
The Fed with their money policy is like a huge Mafia Family that get's a "taste" of almost every dollar spent , and respent in the USA.
Wouldn't it be nice if your friends needed to borrow say 1 million dollars, so you went to your garage and printed up, out of nothing, 1 million to lend them.
Of course , when they pay you back, you get 1,100,000.
Nice profit , out of thin air.
Then because of the "thin air" money made, the US Greenback loses value.
A dollar in 1913 is worth like 7 cents now.
(GOLD, .... I'm fighting the reach to use emoticons.)
I completely understand the perils of fractional reserve banking, and that practice needs to be addressed. However, the Federal Reserve has just as much gold as the US Bullion Depository, and the Federal Reserve can claim it at any time to pay off a portion the Treasury Department's outstanding debt.
Now, consider the amount of gold held by the IMF and European Central Bank, and then tell me who really benefits from an "end the Fed" policy.