Ron Paul: I can get gas prices down to a dime!

Good point by Ron Paul, as usual. Cavuto is usually pretty Anti-Paul, but here it seems he admits Ron Paul is so intelligent he "gets left in the wake"

reply to post by NeoVain


In one RP older debates, he said get could get barrels of oil for 10 cents unless i misheard

Originally posted by mytheroy
reply to post by NeoVain

 

In one RP older debates, he said get could get barrels of oil for 10 cents unless i misheard

It sounds like something that old crazy bastard might say.

Regardless, he might be utilizing hyperbole but he is mostly correct.

What he doesn't mention is that with a new currency, it would take $40 of current money to equal 1 of his new dollars. It sounds good, "OH, a DIME for a GALLON?" But how many "dimes" are in your wallet right now? I have about $160 ($156 to be exact) so that would be 4 new dollars. The buying power isn't changing, just denomination. It's a crafty trick that will fool a lot of people, but in the end it's still a trick.

Originally posted by DaTroof
What he doesn't mention is that with a new currency, it would take $40 of current money to equal 1 of his new dollars. It sounds good, "OH, a DIME for a GALLON?" But how many "dimes" are in your wallet right now? I have about $160 ($156 to be exact) so that would be 4 new dollars. The buying power isn't changing, just denomination. It's a crafty trick that will fool a lot of people, but in the end it's still a trick.

edit on 6-3-2012 by DaTroof because: (no reason given)

Still, this new currency would never devalue, it would rather increase in value as time goes by, as can be demonstrated by looking at the gas prices. 5 years ago, you go 5 gallons for a silver dollar, today you get 11 gallons for the same dollar.

Also what does it matter how many of the current dollars would be consumed to exchange for this new currency: all the prices would be adjusted accordingly as well, people would still have he same initial living standard, but it would increase over time, rather than decrease like now.

reply to post by NeoVain


Oh, you know for a fact that silver will retain its value? You may be right, but that's risky. If the US government makes the practice of fractional reserve banking illegal, we won't need to back our currency with risky metals.

Originally posted by DaTroof
reply to post by NeoVain

 

Oh, you know for a fact that silver will retain its value? You may be right, but that's risky. If the US government makes the practice of fractional reserve banking illegal, we won't need to back our currency with risky metals.

I know for a fact that the current system will inevitably devalue the currency value over time, as is shown by looking at history, and as a natural consequence of inflation and interest rates inherit in this system.

Also by looking at the value of these precious metals rather going up over the same time period, i think it is a pretty safe bet to expect them to at the very least keep their value, especially since the population with a need for a currency increases over time as well. In fact, this would most likely make prices of everything fall overtime at a inversely steady rate as compared to the current system.

Not saying this system would be perfect, just better for anyone that dislike banks and rising prices: you could save money just by keeping them in your pocket or matress, and they would increase in value faster than with interest at a bank in the current system.

Still i personally think the optimal solution would be to switch from a monetary system entirely, into something like the venus project: indeed it is the only solution given the current population increase being less and less in need of "having a job" from a societal standpoint due to automation and effectiveness increases in most business thanks to new tech such as computers and machines gradually taking over most jobs, making manual labor obsolete over time. These people still need to be housed and eat, so relying on income from havin a "job" at all is the biggest of all the falsehoods people still believe to be a part of the solution.

There is only one way to lower the price of gas -- Nationalize oil production. So the people complaining about socialism say they can lower the price. Hogwash.

reply to post by spyder550


American oil companies should quit exporting American oil......it would immediately increase supply. They don't seem to want to do that however....

Originally posted by David9176
reply to post by spyder550

 

American oil companies should quit exporting American oil......it would immediately increase supply. They don't seem to want to do that however....

Really -- do you EVER think that a corporation (corporations are people (only they have no souls)) would put the best interests of the United States against next quarters profits. There may have been a time but it is not now. This is exactly how the free market works - greed dictates every single time and the wealth flows to the wealthy.

Changes in this will not happen "too big to fail" also has a corollary "to big to control" Oil money is so strong that the US is powerless to regulate its activities except on in a pro forma manner. So when some tin pot republican politician says that they can get gas prices down. They are either A).stupid or b).lying -- take you choice, there is no C)..