Ron Paul on Selling the Gold in Fort KnoxSubmitted by Coreadrin on Wed, 05/18/2011 - 14:57
It's been a while since I posted here and I'm glad to see things are revving up to take the message of Liberty to the next level.
I came across a few articles earlier today saying that Ron Paul advocates selling off the gold in Fort Knox to pay down some of the debt. The Max Keiser response is just max Keiser ranting with his brain-mouth filter tuned down so I really think that in and of itself is of no consequence.
There are a few pertinent points I think need to me made about how selling the gold in Fort Knox completely jives with his libertarian/constitutional views on money.
The first: The constitution states that the congress is the only governmental authority allowed to issue money, and they can only do so in the form of gold and silver coins. These coins are meant to be in circulation, in the hands of the people, not confiscated and sitting in a vault underground as they have been since 1933's joint house resolution to repossess gold from the people and de facto remove the gold standard from the dollar.
Ron Paul's idea to return the gold to the people in exchange for FRN's is a good one, and puts the money back in circulation and in the hands of the people, providing a sizeable alternative to the current currency.
But there is something else going on here that I'm surprised nobody mentioned. While Dr. Paul is rock solid in his ideologies I think he's more clever when it comes to playing things out than he sometimes lets on.
We all know he has been attempting to get an audit of the gold in fort knox passed for a long time now - this has been an ongoing issue with him for as long as I can remember. Encouraging the gold sales might just be what it takes to get this accomplished.
In order to sell the gold, they will first have to figure out how much they have and what they are going to make at market prices. This is the audit he has been looking for - perhaps he's just looking to get this accomplished so the American people can find out if it has just been gathering dust down there since Eisenhower, or if a whole chunk of it has been leased away while still sitting on the books of the government.
I think this is more of a clever attempt by Ron to see if the emperor still has his underwear on, let alone his clothes....