Questions and comments will be entertained in the section below.
The above video is a sequel to this one:
  |
|
★
The Daily Paul is a community website with no official affiliation with Ron Paul or his Presidential Committee. The content of posts and comments on the Daily Paul represent the opinions of the original poster, and are not endorsed, approved, or otherwise representative of the opinions of the Daily Paul, its owner, site moderators or Ron Paul. This site may contain adult language and adult concepts. If you are offended by such content, or feel you may be offended by such content, point your browser to a different site IMMEDIATELY. For more, read the Full Disclaimer
© 2007 - 2011 by The Daily Paul. Not paid for by, nor officially affiliated in any way with Ron Paul. | General Site Disclaimer | DMCA Disclaimer | Advertise here
Will the Federal Reserve Devalue the Dollar?
http://www.swissmetalassets.com/federal-reserve-devalue-doll...
Scary enough, but I'm wondering HOW the dollar would be devalued. In 1934, under the gold standard, devaluation was as easy as defining the dollar to be worth less gold.
http://en.wikipedia.org/wiki/Gold_Reserve_Act
But how would that devaluation be done by Bernanke? There's nothing to devalue it against, and no way I can see to do it other than issuing "new dollars" but the effect in that case would not be the same.
I hope this is relevant enough to this thread. The Gold Reserve Act and gold confiscation of 1933/1934 are the comparisons most often made in warning about (or advocating depending on
where you look) an eventual devaluation of the dollar.
Is...
Washington DC a virtual wallow filled with blood sucking swine?
When Fascism goes to sleep, it checks under the bed for Ron Paul!
Emitting more dollar irreedemable dollar bills will devalue them
If the Federal Reserve just instantly emitted $1 million irredeemable dollar bills of credit into everyone's bank account obviously $1 million worth of irredeemable dollar bills from the Fed would immediately become worthless. It's not exactly the same but it certainly is analogous, it's also quite similar to the manner in which the debasement of coinage has taken place in probably just about every major empire in world history as they spread themselves too thin and go into decline.
Delegate, Caucus, Convention, & GOP Meeting Reports From around the Country
http://precincts4paul.freeforums.org
http://WhatIsADollar.blogspot.com
Obviously it wouldn't
Be done by putting dollars into everyone's accounts. The big banks would get the money. It would still be very inflationary.
But isnt that what the quantitative easing is about? And Bernanke talks about devaluation as a step beyond QE, something distinct.
Goldstandard: He Trusts (Mostly) Gold!!
A spoof on the James Bond hit, in favor of a gold standard.
http://www.youtube.com/watch?v=2_sOM0aBIb8&feature=youtu.be
JJ Jones, Singer / Performance Artist. "You're the Wrong One, Mr. Gingrich" and "Ron Paul - The Downtown Song" available on iTunes http://itunes.apple.com/us/album/ron-paul-the-song-parody-do...
That was awesome Leo!
Thank You.
The Federal Reserve believes that money does grow on trees. As long as it's their trees and only theirs.
"If we lose freedom here there's no place to escape to. This is the last stand on earth." -Ronald Reagan
When they took us off the Gold Standard they took away our money... in order to make it theirs. -OneTinSoldier
Re'Vision of Money Game,
education for newbies
Revelation 3:8, = Keep My Word, do Not deny My Name.
http://www.UsDebtClock.org -alarming Tick-Tock is On =
Ratchet-Effect increases Debt-burden & pressure. Turn Off.