posted on Apr, 5 2013 @ 12:37 PM
Originally posted by Knives4eyes
I may have been misinformed but didn't Ron Paul say that if he was elected he would remove the U.S. dollar?
Interesting point, but Ron Paul wants to get rid of fiat money, not US currency. The dollar can still be tied to gold or silver, and it was in 1973
that the US took the dollar off the gold standard. Gold is valuable everywhere which is why it was adopted as a standard, but it is the unit amount
tied to it which is the individual currency. Dollars, rubles, rupees, pound, yen, dinar etc.
The Nixon Shock of 1971 ended the direct convertibility of the United States dollar to gold. Since then all reserve currencies have been fiat
currencies, including the U.S. dollar and the Euro.[
While gold- or silver-backed representative money entails the legal requirement that the bank of issue redeem it in fixed weights of gold or
silver, fiat money's value is unrelated to the value of any physical quantity. Even a coin containing valuable metal may be considered fiat currency
if its face value is higher than its market value as metal.
When people in the Obama admin say they want to "kill the dollar), they likely mean they want to eliminate American currency as a viable trade
currency on the market, and replace it with the so called "basket of currencies" being pushed by Globalists. Likely you have heard that term? The
American dollar has been so strong in past decades that the Globalists, probably especially the Rothschilds, feel a need to take it down a notch so
that their euro and other currencies can flourish more. Also the dollar as a strong currency is too much of a competition with other currencies, and
the Socialists want equality of everybody in their happy Utopian society, so the US dollar has to be ruined for that to take place(in their eyes, you
just have to think like a Socialist to understand this, and you have to understand what Barack has been doing since he got in office, with taking the
US down a notch to make everyone else better). Think of it as the old cliché that people with low self esteem often feel they have to cut other
people down to bring themselves up. This is kind of what socialism attempts to achieve. That is how they achieve equity, not by raising themselves up
with personal work and entrepreneurship, but by taking from others and pulling them down lower. Or they seek to raise themselves up by taking from
others what they lawfully gained through work.
The Obama admin is full of jealous socialists and people who feel they have a right to someone else's rewards.
Globalists just do this on a global scale. Obama apparently grew up believing the US was a horrible colonialist and seeks to destroy it from within.
This is what Kruschev said the Soviet Communists would accomplish in the States.
What Ron Paul wants to do is take out the platform for this kind of fiat currency which the Fed props up through printing worthless paper which brings
the value of the dollar down. This we call inflation, which is a hidden tax.
Globalist basket of currencies
edit on 5-4-2013 by ThirdEyeofHorus because: (no reason given)