BY REID CHANDLER | OCTOBER 11, 2011 7:20 AM
Along with anti-corporate banners, "End the Fed" signs have begun sprouting up at protests in New York and across the country, pushing to get rid of the U.S. Federal Reserve.
But long before anyone ever though to occupy Wall Street, one Iowa caucus candidate was railing against the U.S. central banking system.
U.S. Rep. Ron Paul, R-Texas — a high-profile libertarian-Republican in the U.S. House for more than a decade — says the gold standard is the solution to America's growing economic crisis.
"Money comes out with real value," Paul said in an interview with Forbes magazine Editor-in-Chief Steve Forbes in 2010. "[I]f you want to restrain government, you restrain the power to create money."
In Greece today, the real rebels aren’t the thousands of protesters angry at the government’s austerity measures, but these few honest, rugged souls who are flourishing on the merits of their own hard work, innovation, and cooperation with others in their local community. These emerging barter and alternative currency networks are happening at the intersection of the most stalwart conservative values and the most ardent hippie ideals:
“Part alternative currency, part barter system, part open-air market, the Volos network has grown exponentially in the past year, from 50 to 400 members. It is one of several such groups cropping up around the country, as Greeks squeezed by large wage cuts, tax increases and growing fears about whether they will continue to use the euro have looked for creative ways to cope with a radically changing economic landscape.”
Welcome back to the Worldwide Fiat Currency Race to Debase!
Rounding out the third quarter of 2011 heading to the finish line for the year, we are again tracking the performance of gold and silver bullion versus 75 different dying fiat currencies around the world.
Through the 3rd quarter of 2011 gold appears to be running away with another annual victory in value!
Ronald Reagan's presidential campaign ad which explains the damage caused by the government's decision to stop tying the dollar to gold. Reagan states firmly that gold-backed currency was the only way to restore price stability and end inflation.
A new television ad about the U.S. national debt produced by Citizens Against Government Waste has been deemed "too controversial" by major networks including ABC, A&E and The History Channel and will not be shown on those channels. The commercial is a homage to a 1986 ad that was entitled "The Deficit Trials" that was also banned by the major networks. Apparently telling the truth about the national debt is a little too "hot" for the major networks to handle. But perhaps it is time to tell the American people the truth. In 1986, the U.S. national debt was around 2 trillion dollars.
This is my view on U.S. Currency. What say you?
Vote it up!
Douglas Carswell is the member of the British parliament who is fighting for competing currencies in the UK. He has introduced a bill that will do just that and it will be debated come winter time.
Lets show him some love from across the pond and 'like' him on Facebook.
H.R. 1098, introduced by Ron Paul in March is known as the "Free Competition in Currency Act of 2011". According to Ron Paul, "This bill eliminates three of the major obstacles to the circulation of sound money: federal legal tender laws that force acceptance of Federal Reserve Notes; "counterfeiting" laws that serve no purpose other than to ban the creation of private commodity currencies; and tax laws that penalize the use of gold and silver coins as money.""
Excerpt from Dr. Park's testimony:
As many of you may know there are occupation protests on Wall Street and in Several other cities with Federal reserve buildings planned to start on 9-17. These occupation protests will no doubt scare the sheeple (or be spun to do so by the MSM) along with the the powers that be. This event showing how dissatisfied people are will likely snap many back to reality and catapult Ron Paul ahead of his opponents. The real question is will it be successful?
Oldest Ron Paul Video I have seen. Same Message then as Now. Title saying he is exposed.
What would be the actual effect of legalizing competing currency? Would this further destroy the value of the dollar? Would those on fixed dollar-based income be wiped out by the devaluation? I understand the argument in terms of liberty and the constitution, and even the long term pressure it would put on the fed/government to reign in spending to increase value, but in the short term would this be a cause of masive devaluation of the dollar?
This was proven when the Swiss National Bank decided to peg its Swiss Franc to the Euro to protect the country's successful economy. The Franc had been out-performing most currencies around the world, however their export-driven economy, that is supported by the deteriorating countries around them, was starting to see a dead-end road ahead. And not only have they set the floor of the Franc to 1.20 to the Euro (EBS), they also plan on buying "large quantities" of foreign currencies.
This Italian town is minting it's own money now to avoid the fallout of the austerity measures...
Competing currencies... We silently await the day we can escape FRN's...