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RON PAUL
All this has become relevant because of Ron Paul, of course. But Paul is not the man patriots think he is. In 2001, he said, There's nothing to fear from globalism, free trade and a single worldwide currency.... The effort in recent decades to unify government surveillance over all world trade and international financial transactions through the UN, IMF, World Bank, WTO, ICC, the OECD, and the Bank of International Settlements can never substitute for a peaceful world based on true free trade, freedom of movement, a single but sound market currency, and voluntary contracts with private property rights.... The ultimate solution will only come with the rejection of fiat money worldwide, and a restoration of commodity money. Commodity money if voluntarily and universally accepted could give us a single world currency requiring no money managers, no manipulators orchestrating a man-made business cycle with rampant price inflation." -- Ron Paul, Congressional Record, March 13, 2001
Liberty Review Article
Paul says Gold will keep Government spending in check. He wants to cut Government spending, but is unable to explain how this would lead to different results than what we have seen in Greece: an imploding economy with a withering tax base and even higher deficits as the predictable result.
In the debate you see the Keynes-Austrian Dialectic: Spending versus Austerity. Both ignore interest, which is the hidden common ground.
"Jewish Economics" .... What? It's called Classical Economics. Ron Paul leans towards something called "Mercantilism".. sometimes called "Protectionism".
"an economic system developing during the decay of feudalism to unify and increase the power and especially the monetary wealth of a nation by a strict governmental regulation of the entire national economy usually through policies designed to secure an accumulation of bullion, a favorable balance of trade, the development of agriculture and manufactures, and the establishment of foreign trading monopolies "
Originally posted by Rockpuck
"Jewish Economics" .... What? It's called Classical Economics. Ron Paul leans towards something called "Mercantilism".. sometimes called "Protectionism".
Originally posted by Rockpuck
Gold as a physical form cannot be created from nothing, cannot be inflated into existence, cannot easily be borrowed from other countries etc.
Originally posted by Rockpuck
It IS a limited form of currency in that the extensions of credit cannot create huge capital inflation in equities which results in much slower economic advancement
Originally posted by Rockpuck
it's a horrible currency for a Technology based economy like ours, it would cripple us.
Originally posted by Rockpuck
You also cannot have a huge trade imbalance .. it will collapse the economy.
Originally posted by Rockpuck
And you cannot have massive debts at interest based on Gold
Originally posted by Rockpuckyou will quickly go bankrupt. As many nations in the past have.
Originally posted by RockpuckThe "Fiat" (horrible name but it's the only thing ATS understands) currency is perfect for an economy that doesn't really produce anything tangible but has the economic power to influence it's value.
Protectionism? He wants more trading even with Cuba and maybe Iran and North Korea Come on man
Gold CAN be borrowed to other countries When the U.S. had the gold standard it was a creditor nation, now that there's no gold standard the U.S. is a debtor nation
It is NOT a limited form of currency it's not about limiting currency but limited delfation and/or inflation
Basically if you put $30 under your bed for 40 years it should still be worth $30 in 40yrs That has nothing to do with limiting currency
Quite the opposite, as we move more and more towards technology under a FIAT currency governed by the FED money is dust to elected officials.
A gold standard keeps the govt. in check
Then you are for a one-world currency
That makes absolutely no sense
Ron Paul is against Free Trade, believes in strict Tariffs
You cannot for instance have a "Free Market" economy with the Gold Standard, because the direction of equity investment dictates the movement of precious metals from region to region, consequently, outside of the Nation.
Originally posted by bobs_uruncle
Now, personally I like Ron Paul as he appears to be a bit of fresh air when it comes to politicians, however, he does seem to support standards that do not move toward a social credit system, but rather a gold standard system that would have the same effects as fiat currency, they both share interest.
Ron Paul is a strong proponent of free trade and rejects protectionism..... you can Google this stuff instead of just making crap up and putting words into his mouth, you know?
There is a great book called economics in one lesson written by Henry Hazlitt...... I suggest you read it.