Ron Paul goes up against a handful of uninformed mainstream media pundits. His argument is simple but they try to cloud it with Keynesian nonsense.
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I was reading my Richard Russell newsletter this morning (www.dowtheoryletters.com), and he quoted a synopsis of an article that I found interesting:
“Human Freedom Rests on Gold Redeemable Money
by Hon. Howard Buffett
U.S. Congressman from Nebraska
Reprinted from The Commercial and Financial Chronicle 5/6/48
- “Congressman Buffett stresses relation between money and freedom and contends without a redeemable currency, individual’s freedom to sustain himself or move his property is dependent on goodwill of politicians. Says paper money systems generally collapse and result in economic chaos. Points out gold standard would restrict government spending and give people greater power over public purse. Holds present is propitious time to restore gold standard.”
“Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere.
“But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty. You see, gold is mobility, gold is a passport to move across borders.
“Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom.
“In that case then certainly you and I as Americans should know the connection. We must find it even if money is a difficult and tricky subject. I suppose that if most people were asked for their views on money the almost universal answer would be that they didn’t have enough of it.
“In a free country the monetary unit rests upon a fixed foundation of gold or gold and silver independent of the ruling politicians. Our dollar was that kind of money before 1933. Under that system paper currency is redeemable for a certain weight of gold, at the free option and choice of the holder of paper money.”
Ron Paul was not the first to speak the truth about money and enslavement in congress. This goes to show that even in the early days of the U.S. government taking the dollar off the gold standard, there were a few sober voices of reason who knew that giving control of the money supply to any one group of people would be a recipe for an unfree society.
At some point in the next few years, the dollar is going to collapse and end up being worth nothing at all. The cameras at that point will turn to the politicians for a “solution”. Is it likely that the politicians will opt for a reasonable and logical solution, like a gold-backed currency? This would mean giving the people more freedom and taking away a lot of their power.
More likely, they will try to push a new currency, like the commonly discussed Amero on is. But the new currency will be the same as the old currency. This Amero introduction may keep the sheeple asleep temporarily, but as it will be fake money just like the dollar, it will have no effect on the sustainability of our system or the inevitability of the value of gold skyrocketing.
Eventually- and this could be a long way off in the future, or merely a few years- reality will win out, and we will be forced to exchange real money for our goods and services. This will result in the U.S. government not being able to wage war when it feels like it- basically the fall of the empire.
Once there is no longer the capability to print money out of thin air, sanity will return. We will not be arguing about war or government welfare programs because there will literally be no money for them, not even the phony money that is currently used to prop them up right now.
Why is it that the government does pretty much whatever it wants?
Why is it that over 90% of the American public was against the bailouts, but congress ignored this and passed the money on anyway?
It all simply comes down to one thing: unlimited ability to print money by the authoritarian sociopaths that call themselves our leaders. This is the enslavement that we live under.
We are living through extraordinary times. We will someday look back at these times, amazed at the foolishness people believed in, the propaganda that was swallowed by the masses, and how an entire generation lost the ability to reason and process logical concepts like the fact that only a system based on real money such as gold and silver will give the greatest amount of opportunities to the greatest number of people.
The best way to get around the system as it stands right now is to start trading in your fake money for gold and silver. Since physical metals are in short supply, a great alternative is to set up an account at goldmoney.com.
“Look it’s not the dollar, the price of oil is rising in other currencies around the world” meanwhile they pull the quick one over on everyone by failing to mention that everyone else is inflating their currencies as well due to our own central bank’s urging. Just amazing that they get away with this.”
Bernanke also said today, in an exchange with congressman Ron Paul on the House floor, that he AGREES with Paul, that inflation is just a tax on people, and that Bernanke himself is the biggest taxer of all, bigger than congress! Now that inflation just took its biggest jump since 1991, this just may be a bit of an issue.
Well at least the Federal Reserve is coming right out and saying it. They are stealing money from us by inflating the currency. I wonder what would happen if everyone understood what Bernanke just said? That yes, we are taking your money, what are you going to do about it?
The only real protection from this is to be in gold and precious metals. They can’t inflate gold, as there is a limited supply. As the dollar sinks further, and there is a run to gold, this would not be a good time to be in paper monopoly money!