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Ron Paul: World will leave dollar unless we replace it with a gold backed one

On this Labor Day holiday, Congressman and former Presidential candidate Ron Paul is still working hard trying to reach all American on how dire the U.S. monetary system is in the economy. On Sept. 3, the Texas Congressman shared his views on how the dollar is quickly losing its reserve currency status between nations, and that if changes aren't made quickly, to a gold backed, or other metal based system, the dollar is destined to waste away like the dozens of other fiat currencies littered throughout history.

If we act now to replace the fiat system with a stable dollar backed by precious metals or commodities, the dollar can regain its status as the safest store of value among all government currencies. If not, the rest of the world will abandon the dollar as the global reserve currency. - Paul.House.gov


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Why Did The Founders "Insist" Only Gold/Silver Be Used As Money?

Answer: To promote stability in all monetary transactions.

Article I Section 8 U.S. Constitution:

Congress shall have the power to.....etc. etc.
Coin money regulate the value...etc...and fix the standard of weights and measures;


To price all things to the most stable "form" of money. {Silver/Gold}
Things and services must be priced by weights of Silver/Gold.
Some examples:
A bushel of apples---one half ounce of Silver.
20 bushels of apples---one half ounce of Gold.
One days wages of hard labor---one ounce of Silver.
A barrel of unrefined oil---one ounce of Silver.
20 barrels of unrefined oil---one ounce of Gold.
And so on. Prices and wages are currently way out of whack, but would stabilize after a while.

Forget dollar or any other type of paper currency because the "VALUE" can be unstable and manipulated by those who issue it. {The Fed!}


You are right

The Founders put checks and balance on government power. Everyone knows about the three branches of government, but not many seem to know about the last check the Founders used, which is money.

People pay attention politically when it affects their pockets, but with inflationary unsound money people really don't notice deferred costs (debt & inflation), and you can grow government as large as you want (and finance wars).

these peices of paper

only symbolize DEBT! what is worse is this Debt has to paid with Interest. plus we reached 16 Trillion dollars today. no doubt it will pass 20 trillion before next Election.

His name is Edward Snowden

What is Capitalism?



LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

In order to back the US Dollar by gold,

which I believe will happen. Gold > $10,000.



"Believe half of what you see, and none of what you hear." - Benjamin Franklin


The market value of gold is being suppressed. Once governments admit it is currency demand will increase dramatically.

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

A high enough price so that we won't have a run on the US gold.

Also, a high enough price that will bring supply to the market through higher production.



"Believe half of what you see, and none of what you hear." - Benjamin Franklin

The most important and least

The most important and least understood issue for the liberty movement is the need for sound money.

If we can convince a majority of Americans of the criticality of having sound money we can save the republic, otherwise the empire goes down and who knows what takes it's place.

I must be willing to give up what I am in order to become what I will be. Albert Einstein

It's the lynchpin of everything and every issue.

Solve that one and the rest have to fall into place.

It should be THE issue now and in the future.

If we don't DEMAND sound money - and I'm not talking paper 'backed' by anything, I mean actual gold and silver coin - then we are pissing in a hurricane.



"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)


I needed that!

Don't people care about stories on Dr. Paul anymore?

If it was about Johnson/Obama/Romney there would have been ten comments by now.