Ron Paul on a Possible Global Currency to Replace Dollar

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Ron Paul asks the questions no one else seems to ask.

Tags for this video: amero bailout ben bernanke cnbc currency depression dollar euro global gold great hank paul paulson ron

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Federal Reserve ... ( 1 month ago by swissdiplomat)

Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). when ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs.

Bernanke's answer ... ( 1 month ago by heywoodjablohme)

Bernanke's answer to Ron Paul's question at the very end:
Paul: "Does the subject of gold ever come up?"
Bernanke: "Only in terms of the sales the central banks are planning" LOL!!!
That gold that they're selling (at a profit), ...it was confiscated from US citizens in 1933! LOL! You stupid socialist dick smokers have traded your freedom and your wealth for a police state! While living as slaves, you vote to take away the very last of your rights: gun rights! And then? "Kristallnacht"!

What Britain did ... ( 1 month ago by Civsuccess2)

What Britain did was inflating the amount of money in exchange for the same amount of gold.
Search "FDR Ends Gold Standard in 1933"
The problem is Britain and many other nations would artificially inflate their currency versus gold.

Array ( 1 month ago by jayminho)

first of all
istn ron paul a crossdress ?
anyway, whatever..
the thing is..
i think this gentlemen got was a victim of one of those internet rumors, called, AMERO, now, add to this the crisis, paronoic people, and see the results..

Please watch the " ... ( 1 month ago by alby711)

Please watch the "Money Masters" video about the history of banking and a more in depth explanation as to why gold-backed currency is easily horded by few making money scarce. Gold (and more notably silver) is a PART of a greater solution based on Lincolns Greenbacks (US debt-free treasury notes) and Colonial Scrip.

I have watched ... ( 1 month ago by sirellyn)

I have watched money masters. And it's very good but there are certainly some fallacies with it. Hoarding is an issue, and you'll find no solution perfect. The best solution has been asset based (doesn't have to be gold) of some sort. At best with hoarding the price could quadruple, right now, there's no limit either way. Diamonds are being hoarded right now, and should be worth at least a third of what they are. Not good, but still far better than FIAT.

Debt free treasury ... ( 1 month ago by sirellyn)

Debt free treasury notes are vital, but the greenback is not a good example. Lincoln chose inflation to raise money for the war. International bankers wouldn't loan money, so the only unpopular option left was to tax, Or borrow money from the US public. He did neither. He inflated. Despite good intentions that's precisely why the government shouldn't ever be allowed to inflate. It's serrupticious and dishonest, and opens the door for the exact problem we have now.

This is basic ... ( 1 month ago by sirellyn)

This is basic economics. If print more money "Britain" you will need more of it to buy a fixed asset. If you artificially try to "price fix" you'll run out of supplies and have huge lines and create a black market for the item. (Try getting physical silver from a coin store today anywhere near spot price. The wait time (line up) for silver is 6-8 weeks. It's not hard to see the effects of manipulation. Hench why asset based currencies are best.

You didn't answer ... ( 1 month ago by Civsuccess2)

You didn't answer the question "how does US prevent other nations from devalue their currency versus gold?"
Nations tend devalue their currency to make export easier.
I am simply pointing out when there was gold standard, US could not control other nations from doing the above. It furthered the Great Depression.
Current system is much better and competitive than gold standard.

Countries are free ... ( 1 month ago by sirellyn)

Countries are free to devaluate their currency. It does not make them richer. If it did, Mexico, Venezuela and Zimbabwe especially would be very rich countries. They need production and savings (i.e. capital) to back it up. (Which is why China is doing well.) To answer your question; You don't have to devalue a currency to remain competitive. Period.

Government ... ( 1 month ago by sirellyn)

Government interference was the main cause of the length of the Great Depression.
Hows it that for 50 years people knew how bad FDR's new deal was, and now in the last 10 years or so everyone has magically forgotten, and suddenly it's starting to sound like a good idea? Just in time for the mistake to be repeated.

Even if US change ... ( 1 month ago by Civsuccess2)

Even if US change back to Gold Standard, other nations would not and will not follow it. Many nations rely on monopoly over global market to keep their obsolete industry running. They artificially inflate their currency to make their enterprises seem to sell products at a cheaper price.

I do agree that ... ( 1 month ago by Civsuccess2)

I do agree that devaluation does not make them richer. However, governments all over the world love to screw their people's wage by devaluating their currency. Inflated wage makes their product cheaper for export. They are literally giving their product out for free because they over produces.
If US do not devalue dollar, "dumping" of goods will completely destroy US industry.

jerk ( 3 weeks ago by joesixpack333)

jerk

my "jerk" comment ... ( 3 weeks ago by joesixpack333)

my "jerk" comment was in answer to this jerk's post... "jayminho"

WHEN U R READING ... ( 3 weeks ago by vand772)

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SUMMER I AM 15 YEARS OLD i have BLONDE
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AM DEAD. IF U DONT COPY THIS JUST LIKE
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False teachers, ... ( 2 weeks ago by tygew)

False teachers, wolves in sheep's clothing, Hypocrites as spoke of in 1 Tim 6:3-5
If anyone teaches false doctrines & doesn't agree to the sound instruction of our Lord Jesus Christ & to godly teaching, he's conceited & understands nothing. He has an unhealthy interest in controversies, quarrels that result in envy, strife, malicious talk, evil suspicions, constant friction between men of corrupt mind, who have been robbed of the truth & WHO THINK THAT GODLINESS IS A MEANS TO FINANCIAL GAIN!!!

The fact that there ... ( 2 weeks ago by soylentgreenb)

The fact that there aren't enough mints to meet the demand for gold and silver coins among gold-bugs is hardly evidence of manipulation. Coins is a fairly small of global flows of gold and silver.

If only it were ... ( 2 weeks ago by sirellyn)

If only it were just that. December's COMEX gold contracts are oversold by a lot, meaning there is more paper gold than physical gold they have. Normally that would mean a price increase. Additionally gold has entered backwardation for 3 days now. Thats only happened 3 other times in the history of gold. Finally the mineral rarity of gold (and a lot of commodities right now) doesn't even come close to matching it's actual value. Silver is even worse. It really is pretty obvious.

Yeah ok. Go buy ... ( 2 weeks ago by sparwood8)

Yeah ok. Go buy Teck Cominco mines, Petro Canada, and RTI Metals. It is also foolish NOT to invest wisely
Merry Christmas . . . and just read your Bible without anyone telling you what to believe. There ARE no experts, and the Holy Spirit will reveal truth to you

I wonder if Ron ... ( 2 weeks ago by Nasdaq7)

I wonder if Ron Paul actually knows enough about economics. I surely wouldn't go about stating the system has failed. We know the US economy is going deeper into debt and if it doesn't make a u-turn soon, the economy and currency will suffer low growth and weakness. But to state that the dollar would suddenly collapse, lets say: a house that was worth 20 million dollars is revalued internationally at 7 million dollars, is that possible: that a currency value can simply collapse?

nasdaq7, the German ... ( 1 week ago by CABALmk2)

nasdaq7, the German Papiermark (it's currency before, during, and after WW1) collapsed, so why would the Dollar be any different? It collapsed because of the same reasons and causes we see today.
They replaced the system with a new currency and things got better. That is, until the Depression...

Hal Turner is lying ... ( 1 week ago by misterkel10)

Hal Turner is lying. I found that Amero online. It's a private mint, not meant as a currency. I e-mailed the guy and he said so.
We have enough problems without people like Turner making baseless statements like this. People should get more evidence of these things before believing them.

Ben's voice quakes ... ( 2 days ago by TadRapidly)

Ben's voice quakes when he lies but he just keeps lying cuz they'll shoot him if he doesn't.

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