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Republicans Eye Return to Gold Standard
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Republicans Eye Return to Gold Standard

  #1 (permalink)
Quick Summary
Republicans Eye Return to Gold Standard

The gold standard has returned to mainstream U.S. politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy.

More on CNBC...

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  #2 (permalink)
Fortitudo et Honor
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This ought to go over like a fart at the dinner table. Say goodbye to campaign contributions from all the major banking and financial institutions.

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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RM99 View Post
This ought to go over like a fart at the dinner table. Say goodbye to campaign contributions from all the major banking and financial institutions.

Never thought I would say this but... I agree with you

This ought to go over like a pregnant pole vaulter...

From the article ...

A return to a fixed money supply would also remove the central bank’s ability to offset demand shocks by varying interest rates. That could mean a more volatile economy and higher average unemployment over time.

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Fortitudo et Honor
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ThatManFromTexas View Post
Never thought I would say this but... I agree with you

This ought to go over like a pregnant pole vaulter...

From the article ...

A return to a fixed money supply would also remove the central bank’s ability to offset demand shocks by varying interest rates. That could mean a more volatile economy and higher average unemployment over time.

That could easily be solved by competing currencies.

That's how they duped the people into supporting the Federal Reserve in the first place....scare them.

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Fortitudo et Honor
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Alan Greenspan, Gold and Economic Freedom (1966)

This was before Greenspan became the poster child for the Mandrake mechanism.

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard"
"

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RM99 View Post
Alan Greenspan, Gold and Economic Freedom (1966)

This was before Greenspan became the poster child for the Mandrake mechanism.

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.

@RM99

You realize inflation is 1.5% ... right...

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  #7 (permalink)
Fortitudo et Honor
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ThatManFromTexas View Post
@RM99

You realize inflation is 1.5% ... right...

Depends on which day of the week it is and what Bernanke had for breakfast that day.

I recently read something that said if we used the same metric/inputs for calculating inflation that we did in 1980, the inflation rate today would be well over 10%.

Like the Department of Labor's numbers on unemployment, like the CBO's numbers on just about anything they produce...they massage the numbers until the output serves their interest and purpose.

The CPI might be the poster child for manipulation. Only an idiot or someone who doesn't do any shopping would believe that inflation is 1.5%.

Ron Paul actually called out Bernanke and asked him "do you buy your own groceries" which of course, helicopter Ben looked/acted like he had no idea what RP was talking about.

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RM99 View Post
Depends on which day of the week it is and what Bernanke had for breakfast that day.

I recently read something that said if we used the same metric/inputs for calculating inflation that we did in 1980, the inflation rate today would be well over 10%.

Like the Department of Labor's numbers on unemployment, like the CBO's numbers on just about anything they produce...they massage the numbers until the output serves their interest and purpose.

The CPI might be the poster child for manipulation. Only an idiot or someone who doesn't do any shopping would believe that inflation is 1.5%.

Ron Paul actually called out Bernanke and asked him "do you buy your own groceries" which of course, helicopter Ben looked/acted like he had no idea what RP was talking about.


@RM99

I read somewhere that Elvis was alive and living in Florida...

Ron Paul told me after they repeal Obamacare people who got dropped by their insurance company , or got laid off should have planned better .... I asked him "do you buy your own health insurance"... he said he was covered by the government... for life ...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"

Last edited by ThatManFromTexas; August 24th, 2012 at 03:51 AM. Reason: Piss Poor Typing
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Fortitudo et Honor
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ThatManFromTexas View Post
@RM99

I read somewhere that Elvis was alive and living in Florida...

Ron Paul told me after they repeal Obamacare people who got dropped by their insurance company , or got laid off should have planned better .... I asked him "do you buy your own health insurance"... he said he was covered by the government... for life ...

He's also the only one not taking a pension and I'm sure he'd have NO problem getting rid of free healthcare for politicians.

Ron Paul understands that Constitutionally, Congressmen were supposed to be citizen-statesmen, they were supposed to have real and legit jobs outside of being a politician. That's why their term is shorter than the Senate. Additionally, if we followed the original Constitution, the House of Representatives would be like 10,000 members. We ammended and capped it. There are very few Congressional Reps or Senators that have legit careers outside of Washington. One of the reasons Ron Paul has been free to vote his conscious is because he knew that should he ever not be re-elected, he could go back to delivering babies (like he still does).

Ron Paul isn't going to go without medical care if you take away his fancy government insurance. He's not wealthy, but he's a successful and practicing doctor.

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RM99 View Post
He's also the only one not taking a pension and I'm sure he'd have NO problem getting rid of free healthcare for politicians.

Ron Paul understands that Constitutionally, Congressmen were supposed to be citizen-statesmen, they were supposed to have real and legit jobs outside of being a politician. That's why their term is shorter than the Senate. Additionally, if we followed the original Constitution, the House of Representatives would be like 10,000 members. We ammended and capped it. There are very few Congressional Reps or Senators that have legit careers outside of Washington. One of the reasons Ron Paul has been free to vote his conscious is because he knew that should he ever not be re-elected, he could go back to delivering babies (like he still does).

Ron Paul isn't going to go without medical care if you take away his fancy government insurance. He's not wealthy, but he's a successful and practicing doctor.

@RM99

His son , Rand Paul, who is also a doctor ... is also covered by government insurance... paid for with your tax dollars ... Rand Paul said he has always gotten health insurance through his job .... this job is no different

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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