Gold-is it such a good idea really?Submitted by ecoj on Wed, 07/15/2009 - 07:30
I just watched an insightful documentary over 3hrs long called money masters (seems was made in the mid 90's). it said most of what ron paul has been saying, however in the last 5 mins warned that backing the dollar by gold was a bad idea. the reason was because they said all the gold is owned by the private banks, IMF and most of the gold is owned outside the US which means the gold wouldn't be owned by the treasury and therefore wouldn't be owned by the people but the banks. the narrator in documentary called it their 'trojan horse'.
has anyone seen this documentary and has ron paul thought about that prospect? has anyone questioned this issue? the guy in the documentary does give solutions tho.