Ron Paul wants government to declare gold to be legal tender for payment of debt and taxes. Ron Paul wants to get government out of the free market in gold by having government intervene in the free market for gold. Ron Paul loves free market currency and gold so much, he wants government to end the free market in gold and other currencies by making gold and free market currencies legal tender for payment of debt and taxes. Ron Paul believes in the separation of markets and state so much that he believes the government should be commodity traders by making gold and other commodities to be legal tender. Ron Paul wants to nationalize gold and other free markets.
Ron Paul wants to steal a free lunch by having government intervene in free markets and declare gold to be legal tender, increasing the value of Ron Paul’s gold holdings, who seems to be quite the feudal land baron as well, stealing economic rent from the serfs. Ron Paul wants to coerce and force you to purchase his gold to pay your taxes and pay him rent. Ron Paul should be the Minister of Free Markets to convince Winston and the Libertarians from 1984 that crony capitalism is free market capitalism.
“Many readers may be surprised to learn the extent to which the Graduate Institute and then Mises himself in the years immediately after he came to United States were kept afloat financially through generous grants from the Rockefeller Foundation. In fact, for the first years of Mises’s life in the United States, before his appointment as a visiting professor in the Graduate School of Business Administration at New York University (NYU) in 1945, he was almost totally dependent on annual research grants from the Rockefeller Foundation.” – Richard M. Ebeling, The Life and Works of Ludwig von Mises
“There’s nothing to fear from globalism, free trade and a single worldwide currency…. The effort in recent decades to unify government surveillance over all world trade and international financial transactions through the UN, IMF, World Bank, WTO, ICC, the OECD, and the Bank of International Settlements can never substitute for a peaceful world based on true free trade, freedom of movement, a single but sound market currency, and voluntary contracts with private property rights…. The ultimate solution will only come with the rejection of fiat money worldwide, and a restoration of commodity money. Commodity money if voluntarily and universally accepted could give us a single world currency requiring no money managers, no manipulators orchestrating a man-made business cycle with rampant price inflation.” — Ron Paul, Congressional Record, March 13, 2001
Lewis Lehrman and Ron Paul wrote The Case for Gold. Lewis Lehrman is a PNAC board member and also wrote Money and the Coming World Order: The Creation of International Monetary Order.
King George’s gold standard is the endgame. The aristocrats want the serfs to pay interest on national debt and mortgages to them in gold. Deflation is theft. The minting of cheap bronze and silver coins built Rome. Deflation and the gold standard collapsed Rome and caused the Great Depression. Are you going to love your austerity and call it prosperity? Are you going to love your slavery and call it freedom?
Brer Rabbit yells to Brer Fox, “Don’t throw me in the briar patch!”
Goldsmith Rothschild yells to Ron Paul, “Don’t setup a world gold standard!”
“Beware of false prophets, which come to you in sheep’s clothing, but inwardly they are ravening wolves.” — Matthew 7:15
The article is intended to clarify that Ron Paul and the Austrian School of Economics are a walking contradiction. The author supports ending fractional reserve banking, ending the Federal Reserve, paying off the national debt, and ending the use of interest-bearing bonds to finance deficit spending, with a debt-free public legal tender issued and regulated by the Congress and U.S. Treasury, free of the usury and economic rent of gold and the usury of bank credit. The government printing necessary to bring partial reserves to full reserves and prevent deflation is enough to pay off the national debt and end income taxation. The author also supports ending all taxation on labor and real capital (capital produced by human labor, such as machines, tools, and technology, not capital created by law, such as land title and legal tender), funding a minimum government with land value taxation and monetary expansion necessary to prevent deflation and to encourage and allow economic growth, and ending social programs with a universal and flat citizen dividend funded by collected land rents and monetary origination. The author is considered to be a real libertarian who believes in classical liberalism, Georgism, and natural law. Read Dan Sullivan’s Are You a Real Libertarian or a Royal Libertarian for a primer on the principles of true libertarianism with a foundation in classical liberalism, Georgism, and natural law.
If you had been following the gold price as a direct reflection/reaction of FED policy, Bretton Woods and the petro dollar, you would not have written this. It shows no research or background except hyperbole and associative smearing.
ignorance is strength. denial is patriotism. clarity is hyperbole.
the current price of gold in the free market has nothing to do with this article, except perhaps that gold, like other commodities, are volatile in price, and is one of many reasons why gold should not be legal tender. gold as legal tender is the theft of usury and economic rent.
i’m just stating facts and making clear what ron paul’s economic policy means for him and you. i did my research and gave a lot of thought to political economy. i even read some old books. i found lots of people agreed with me, even the bible. i have plenty of links and quotes for you. i have more links and research, but i decided to leave this article short and simple.
And I like it just as it is!
ARCHIVED AT: http://cafr1.com/SoYouWant.html
SO YOU WANT A GOLD BACKED CURRENCY – THE 50-YEAR PLAN IS COMING TO A CLOSE..
by Walter Burien – CAFR1.com
Thursday, 24-Nov-2011
People seem to forget that the dollar’s barter exchange value has been circulated for decades and hundreds of trillions of dollars worth of products and commodities have changed hands through the use of dollars every decade. The fact that the dollar is “just” an exchange barter tool since 1963 (the date when they pulled the coinage in circulation taking the silver and gold out of the public’s hands) has not changed.
Does anyone think the massive expansion of the economy would have taken place using gold as the barter tool over the same time period?
Individual’s assets in 1955 were rather sparse and bare compared to the individual’s assets today. Inflation has taken root over the last 20 years due to the spiral of run-away growth and the effect of greed and unethical oppertunity applied from and due to the boom periods where cash flowed as king and as time went by he who could cheat the other guy first walked with the kingdom of the booty. (within government expansion the before mentioned was done quite well)
The ethical and honest were pushed to the shadows to be ignored and the greedy opportunists walked with the booty and became the power base who now called the shots.
Per gold, what we are seeing at this time is the culmination of the “50 year plan” . People in general are not too bright. The public owns percentage wise very little gold. In 1963 / 64 when we went off the gold and silver standard, the 50 year plan began. The commercial banks; large international families; and a few countries started the focus and organized effort to buy all of the gold each and every year. Hundreds of tones per month as they manipulated to keep the price low.
Come 1999 they were very successful in their focus and plan. I would estimate their stockpile of gold increased by over 20,000 tons AND they did so right up until 2000 getting the gold at an average price of $134 to $175 per oz.
When looking at gold the parties mentioned above would own over 80% of the physical gold and the general population less than10%. Independent commercial interests the rest.
Well, it does not matter if you own all the gold in the world, if you can not unload it in barter for other commodities or property the value is nil.
So, here we go with 2001 and the stage is set and the play begins. Circumstances are forced to create fear; the sky is falling; economic doom and gloom come 2008; the propaganda begins to condition many with Parrot sound-bite conditioning to belittle the dollar and “gold is what is needed as the barter tool with ever increasing fever”.
Again, the general public is not too bright. Those commercial banks; large international families; and a few countries with gold hovering in the $1600 to $1800 per oz pricing are standing on a potential profit of over 1000%. They can not sell tens of thousands of tons of gold, the gold they own, that 90% of what is held by them on the open market or gold would plummet down to $10 per oz over-night, possibly to $5 per oz.
The volume of actual “physical” gold sales taking place at these levels over the last year is very light compared to what has been stockpiled by the cartel.
What you will see take place over the next two years is the promotion by the cartel to make the public believe “it is essential to have a gold backed currency”. The parrots will be saturated with sound-bites to Parrot away screaming and demanding a gold backed currency. **International Circumstances will be created to bring the fear level to the brink.**
Then in 2014 or possibly 2013, the Powers-That-be, will say: We have heard your cries and we must in good consciousness yield to your demands, so here is your gold backed currency… Bait; Hooked; landed; and fried.
** Now the cartel will have the liquidity ** to unload what they have stockpiled for 50-years as the country obtains the physical gold to back the currency… 1000%+ profit locked in and the public now becomes the bag-holder.
After the conversion is complete and the horde unloaded, then the collapse in gold prices begins (2015-16), with the true and real collapse of the dollar now taking place backed by the quickly diminishing value of gold.
The 50-year plan is complete. The wealth transfer accomplished for the cartel, and the public will be screaming and looking at who to point the finger of blame upon.
The only one to blame in reality will be themselves for so easily being masterfully entertained by Bait; Hooked; landed; and fried.
Break the conditioning! Look at “who” owns all of the gold. That old adage: “He who owns all of the gold makes the rules” applies and believe me, you DO NOT WANT them making the rules.
But then suicide is on the rise now a day…
Sincerely,
Walter Burien – CAFR1
EX Commodity Trading Advisor (CTA) or 14 years (1978 – 1992) and commodity futures trader of 33 years.
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ADDITIONAL INFORMATION:
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I received a very good response on the article I put out the other day: SO YOU WANT A GOLD BACKED CURRENCY
Please circulate the following as additional information on the subject.
I sent an open letter to RP four years ago and posted on my site and article (The Rock Thrown in the Pond) recommending a pooled fund of commodities and land (a commodity index) that would be a good thing to back the dollar and six months latter when RP was asked at a press conference per an exclusively gold back dollar he said: “Well, just a gold back dollar may not be a good thing but a commodity index of many things would work” So, I guess he read and took heart to my letter.
My first article on this issue in 2007 was – http://cafr1.com/TheRock.html
The Open letter to Ron Paul email post can be viewed here – http://www.apfn.net/messageboard/09-24-07/discussion.cgi.39.html
Walter Burien – CAFR1
P. O. Box 2112
Saint Johns, AZ 85936
Tel. (928) 458-5854
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http://CAFR1.com and http://TaxRetirement.com
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Any local government can be restructured to meet their annual budget needs “Without” taxes. TRF (Tax Retirement Funds) paying for every City, County, State’s annual budgetary needs!
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Nice coming across you Mr. Burien! I’ve been a long time admirer of your efforts!
commodity index is unnecessary and would be an intervention in the free market like the gold standard, but on a much higher scale of complexity and possible areas of corruption. having the value pegged to an index is like trying to set prices and would be futile and not supportive of free markets, unless it was just used to value currencies against each other, like the bretton woods system today.
public debt-free legal tender is the only legal tender compatible with free markets. it also gives a greater simplicity and oversight, and would completely untie the legal tender from credit and end the national debt, which is a great form of usury.
ron paul and most austrian economists like the slippery flip flop between gold and “free market currency” as legal tender, which is an oxymoron to call any free market currency as legal tender.
interesting take on the future of gold prices. i do fear some kind of return to a gold standard or commodity basket, though it could be just a pump and dump. like how the swine flu scandal was not to impose martial law and force vaccinations. it was merely an ad campaign to increase yearly flu vaccination sales. though i’m sure they’d love to get away with martial law, forced vaccinations, and a gold standard. the gold standard is just too easy to defeat, especially when you bring up the great depression and the collapse of the roman empire, not to mention the banking panics every 10 years due to the gold standard.
you might try my paper beats rock article. it is a quick run-down of the issues complete with examples.
Reblogged this on Recovering Austrians.
It’s just such an important point: making Gold legal tender is the opposite of a free market operation.
Keith, you don’t understand the concept of inflation and capitalism, do you? World has limited resources and to trade limited resources, you cannot use unlimited fiat currency that can be created out of thin air anytime the banks want. And then outsource the debt to the national audience. This is called fraud. And this invites inflation across borders and the ocean.
When Ron Paul talks about government non-intervention, he is talking about central government. And let the state be given the power to introduce free market by allowing companies and corporate to bring competition. This is called capitalism.
The printing press of fiat has introduced cocktail of cancerous financial instruments, which is the ultimate cause of higher debt to GDP ratio. RP is not going to abolish FED immediately without paying the debt. He wants to audit the FED. Once due payed, then introduce Gold. Gold will eventually, circumvent debt problem in years to come.
And talking about the prophet, please educate yourself how Ron Paul predicted financial crisis and war years before all that happened. “Times” has awarded RP with “The Prophet” title.
i don’t promote money created as interest-bearing debt by private banks and borrowed by the government so that aristocrats can collect interest payments on national debt. i promote money printed debt-free by the government. i promote true public sovereign legal tender, issued and regulated by congress. i also promote that government should print money debt-free beyond what is necessary to prevent deflation and allow economic growth to provide financing of public debt. inflation would be an ideal progressive tax which taxes the idle rich the most, without forms, which promotes production and allows for job creation, if it were a tax rather than something which benefits usurers. also, converting from a fractional reserve banking system to a full reserve banking system where the government has the power to actually print money would be able to pay off the national debt not only without taxation by while also ending income taxation. and if financing of public debt with bonds was ended, the idle rich who lobby for wasteful spending because they collect interest on monetary expansion, would suddenly lobby against inflation if inflation benefits the public rather than the usurer. i’m sure all of that went over your head because it goes against your religion funded by the rockefeller foundation.
you seem to have me confused with someone else. i am what they call a real libertarian. you and ron paul are what they call royal liberatarians.
i also don’t believe in the scarcity theory of malthus. i see homeless and idle land.
you don’t understand classical liberalism nor inflation, do you? you’ve been brainwashed by slick funding from the classical conservatives, the feudalists, at the austrian school of gold theology, contradiction, and welfare for the idle rich. i understand inflation and deflation very well. ron paul is called fraud. ron paul is committing intellectual racketeering as he demonizes what creates economic growth and gives people the ability to trade, monetary expansion, while he promotes the free lunch that he wishes to STEAL from those who labor, deflation and the gold standard. historical evidence supports what i claim throughout history. what ron paul promotes is contradicted by historical evidence and logic. ron paul is called a benedict arnold.
the only prophet ron paul is, is a false prophet. i predicted the swine flu breakout. does that make me a prophet. no, it just makes me keen at knowing what is coming when baxter gets caught trying to ship avian bird flu and novartis is caught with a container of swine flu. i also predict that like all speculative commodity investments, gold will collapse. does that make me a prophet? no, it just makes me a good observer of markets. georgists predicted the real estate crash. does that make them prophets? no. they are just good observers of markets. predicting doom and gloom does not make one’s theories and proposed solutions valid or good. you’re conflating.
ron paul claims to be a christian. however, his policies are in direct opposition to the bible. hook’ em horns.
what you’re doing is pumping and dumping your gold holdings to the point of worshiping a politician. i would like to know how you’re going to pay off $15T in debt with gold and convert all those federal reserve notes and private debts to gold. i’m sure you plan to steal a free lunch through the process, as gold increases in value artificially at the expense of anything else of any value and will love the taxation necessary to do so. you’re the worst kind of racketeer and communist thief there is. i don’t even think you are aware that is what you are. you’ve been brainwashed by people calling fraud, theft, and racketeering as freedom and free markets
read a book and think independently instead of consuming propaganda from the ludwig von mises institute everyday. i recommend the classics as a starter, such as progress and poverty by henry george, on liberty by j.s. mill, and wealth of nations by adam smith. those books are much better written than human action so you should be able to read them. i would also recommend anything by thomas paine. he was a revolutionary writer with a certain common sense about him. i assume probably wrongly that you’ve read human action. with a foundation of the classics, you should be able to expand your reading list to other things. i’d also recommend dan sullivan’s article, are you a real libertarian or a royal libertarian.
I believe you are not the right person to argue with because you are from planet Mars I guess.
“you don’t understand classical liberalism nor inflation, do you?” –
I dont know what economics you are following. And you certainly dont know how inflation is caused. Inflation is a symptom of imbalance in supply and demand. When I print money, I have more purchasing power. But on the contrary, this planet has limited resources. For example Oil, Gas, Minerals. And because of this cash infusion. more people will start buying these resources. But since resources are limited, I then have to raise the prices for all the resources. This is called inflation. As you may have seen the price of oil going up.
And liberalism ? RP voted against NDAA. That is called liberlism / civil liberty. RP voted against TSA. I can keep talking good stuff about Ron Paul. But poor thing you cannot back your own argument with robust evidences. And calling people fraud.
“historical evidence supports what i claim throughout history” –
What evidences? You have none. Just throwing up for arguments’ sake.
” i promote money printed debt-free by the government” –
If you find any economics book that can create money and also retain their “debt-free” status then I will definitely settle in Mars.
“what you’re doing is pumping and dumping your gold holdings to the point of worshiping a politician” –
Dont know what that means.
“how you’re going to pay off $15T in debt with gold and convert all those federal reserve notes and private debts to gold.”–
15T debt was not created by Gold. But because of printing more money and importing more than we can export. So how can you expect to pay the debt with gold? Nobody will ever do that. And I already said previous comment, first audit the FED, then pay off the debt, then bring gold standard. May be you didnt read it well.
“i also don’t believe in the scarcity theory of malthus. i see homeless and idle land.” –
I never used the term “scarcity”. I said “limited resources”. Both are different. Look it up on oxford dictionary online. “Homeless, Land”? I dont understand what this has to do with limited resources.
“ron paul claims to be a christian. however, his policies are in direct opposition to the bible” –
How does reading bible solve economical challenges in this country? RP is an american first and then a christian.
“read a book and think independently inst…..” –
No thanks, you need more help.
vod, you assume a position of scarcity theory and mix microeconomic issues with macroeconomic issues.
inflation and deflation are macroeconomic terms, related to the whole global economy and how it impacts a national economy. the primary factor of inflation and deflation is money supply per capita (milton friedman). secondary factors include monetary velocity (wealth concentration, marginal utility, etc.). export of currency is a function of velocity and population using a currency.
it is certain that in global trade, commodities may increase in price if demand elsewhere increases and trade deficits exists, such as supply of money existing outside of the domestic economy and increased demand in other nations. this is a primary cause of the condition of stagflation, domestic deflation (unemployment, decline or stagnation of wages, collapsed land values) in the face of foreign inflation (growth in india and china causing increased demand for commodities elsewhere).
you say there is inflation because you are viewing price of commodities while ignoring the decline in land values and wages. you are ignoring money supply and are assuming fixed-supply of commodities (no idle resources). ignoring facts and denial are common traits of austrian economists. you do not surprise me. you are the average brainwashed ron paul supporter.
you don’t even mention the cause and effect of inflation and deflation. i’ll summarize without going into detail because it would just require too much of my time to go through the details.
inflation causes: increased money supply, decreased population, increased monetary velocity
inflation effects: economic boom, debts become cheaper (good for borrower, bad for lender), production is encouraged (inputs into production cheaper than outputs), assets more valuable, employment increases, people lose wealth just by holding monetary units, people gain wealth in all other asset classes
deflation causes: decreased money supply, increased population, decreased monetary velocity
deflation effects: economic bust, debts become more expensive, production is discouraged, employment decreases, people gain wealth just by holding monetary units, people lose wealth in all other asset classes
you should open a history book because there are many times when the government created money free of usury and economic rent. the british tally sticks, george washington’s continental, lincoln’s greenback, the early roman system of bronze and copper coinage, the monetary systems of iceland and canada after the great depression until the stagflation of the 70s, certain colonial scrip, various local scrips throughout history. there is nothing stopping the government from printing money and spending it into circulation without an interest-bearing debt attached to it. if there is a growing population or unemployed people seeking employment, inflation does not result. employment and production results. the federal reserve does it partially and temporarily now. i wouldn’t say you’re from venus, but you are an ignorant asshole.
i stated sourced facts, such as the rockefeller foundation funding the austrian school of economics. it is also well-known fact that rome was built using bronze and copper coins and collapsed when they went onto the gold standard. it is a well-known fact we were on a gold standard during the great depression. the gold reserve acts of 1935 demonetized gold for payment of debts. nixon later demonetized the payment of taxes in gold, even though people stopped using gold because of the 1935 gold reserve acts effectively making gold notes a novelty. i’m not paid enough to give full sourcing. in fact, i’m not paid at all. i’m an amateur hobbyist. if you want to validate every statement, you are free to validate them. it would just take too much time to link every statement to an original source. the contradictions of ron paul stand on their own merit of logic though i’m sure you lack logic so you do not understand. however, i am sure you did not read these facts nor acknowledge i even stated them because like brainwashed ron paul followerers, you are in denial of existence of fact which does not support your libertopia fantasy.
so you pay off the debt. with what? increased taxation? austerity? for how long? you don’t think there is consequence, for paying off national debt and converting that into cash deposits? that is probably way too complicated for you to think about so we’ll go onto the next step. how do you convert those existing federal reserve notes to gold? why would anyone sell gold for federal reserve notes when federal reserve notes are demonetized? you haven’t thought about that. have you? ron paul has thought about that and hoped you wouldn’t think about it. he was right about you. you wouldn’t think about it because your an ignorant idiot who does not think and who wants to remain an ignorant idiot. ron paul played you as his bitch, as a fool. at one time, ron paul had me fooled. however, i had the intuition to know things were not adding up. i had the ability to stop and think to determine if i was being scammed or not.
natural resources are land. land isn’t being efficiently used if there are homeless, unemployed, and idle land. common rights in property have been extended to violate natural rights. see thomas jefferson quote. you don’t understand classical liberalism nor mutualism so i’m sure it goes over your head. you can go to my quotes page if you’re curious to know what the classical liberals thought about land.
sorry, i should have used the word limited resources instead of scarcity to describe the theory behind your words. i’m sure you’re ignorant about the theory behind your words to understand why i said scarcity to described limited resources. i sometimes forget how retarded ron paul supporters are that they freak out if i use a classical term to express a laymen term used by neoliberals.
so i take it that it is ok with you that ron paul is a hypocrite, that he claims to be a believer in natural law while conveniently ignoring the natural law of his own religion because the natural law taught in the bible directly argues against the fraud he promotes, theft through economic rent and usury. i assume you don’t have faith in the bible if you could care less about the political economy policy taught in the bible. i don’t either. the bible just happens to be right in regards to economics.
i seem like i’m from mars because you’re brainwashed, and i am not. i have an independent mind. you have a hive mind. you also lack complete understanding of inflation and deflation. you consistently prove my point though i’m talking to a brainwashed zombie so the point is mute to you. i just enjoy ripping zombies apart in front of people who do have the ability to think and accept reality. and the fact that you refuse to think and read a book only shows you want to be ignorant and brainwashed.
No this article is just really stupid in misguided. One of your writers gave me this address and asked me to become a fan but I can’t support this ignorance. Gold= Real Worth
so you want the government to intervene in gold markets too? you’re misguided and surely not a supporter of free markets.
Keith, good luck trying to convince the Paulbots of anything contrary to what they believe. I’ve turned a couple, but in the end we are screwed. I just can’t believe how few people in the alternative media will say anything about RP. I honestly think they planned his (s)election years ago when they killed William Cooper and put AJ as the “leader” of the “truth movement”. They had G.E. Griffin write a book about the FED and leave out everything that Eustace Mullins had said about the gold standard. I would have never thought 4 years ago that Ron Paul was going to be the one to bring us into 1 World Government, but now it looks like that’s the case. I bookmarked your site, and have been sharing your articles in my groups in facebook, but it doesn’t matter much. RP will be the next Puppet in chief. I would say that 10% of so called “awake” people get it… The rest are helping the New World Order and believe they are fighting against it.
I agree with almost everything Keith says, so I’ll just add a couple of new points:
1. Gold is NOT always such a great store of value. It went down hard from 1982-Spring, 2000, when it started going up again (almost to the week the tech bubble burst in March. Coincidence? That’s for another discussion). Gold gained value in the resource crunch of the Civil War, then lost it again, while people embraced Lincoln’s Greenbacks – sans Lincoln himself, sadly yet predictably (read Gerry McGeer: http://libertyrevival.wordpress.com/2010/06/21/gerry-mcgeer-lincoln-killed-by-bankers/)
2. Inflation and deflation can co-exist at the same time. We have inflation in commodities and related expenses due to monopolization and speculation by mostly the top 1%. What else are they going to do with all that money? We also have deflation in wages for the bottom 80%, which has to mostly make its living through labor, not collecting rents on land and other assets. This is perfectly consistent and the goal of the 1% to take everything they can.
3. Ron Paul is a tool. He may or may not realize it, but that’s what he is. In different ways, so is Obama and Mitt Romney (these 2 are tools in pretty much the same way). Gold is insufficient to meet the growing needs of a growing economy, especially now when it is so much harder to find, and when ETFs and other vehicles have so drastically changed the ability to hold virtual gold. Yes, I am saying the 5,000 year-old relationship to gold has been irrevocably broken in the last 10 years. The LAST thing we should do is tie the currency to something as now easily manipulated as gold. Let the free market in gold work, without gov’t interference.
4. The only presidential candidate with a clear view of money and how it should be created is Libertarian Candidate Bill Still, who says correctly that gov’t can never get out of debt until it reclaims its constitutional and sovereign right to “coin Money.”
“Ron Paul is a tool.”
Ron Paul is right about a lot of things. However, it so nice to hear someone call Ron Paul a tool who understands why he is a tool.
Keith,
Nice site! I have independently (not really, truth is one) come to many of the same conclusions. As for gold, let it and EVERY THING else be used for private debts but not of course for public ones. Let the gold bugs discover by experience the folly of gold as money.
Good article for people who own land and gold and what a gold standard means to them. They better have more gold than land because the gold will steal value from their land. If they work, have a business, or have debt, they should also learn what a gold standard means to their wages, their real capital, their inventories, their tax burden, and their debt burden.
http://libertyrevival.wordpress.com/2012/02/18/paper-beats-rock-the-gold-standard-is-theft/
I thought debasement of the currency was the cause of Rome’s economic fall.
depends if you’re reading a rockefeller foundation rewriting of history or not.
280 BC: Roma issues coins (bronze)
50 BC: Roma introduces the gold coin “aureus”
bronze coins were the first coinage introduced in 280 BC. silver was added later. silver remained in circulation while gold was added and bronze was removed around 50 BC. in the crash that soon followed, reforms were attempted in 23 BC to reintroduce bronze and also provide brass and copper. those cheaper coins were soon demonetized, keeping the gold and silver, while the bronze ae series was reintroduced while the empire was already collapsing.
jesus wasn’t even able to save the planet when he was crucified and when the world entered the dark age of gold coinage, feudalism, and monarchy.
if you consider moving from silver and bronze coinage to gold and silver coinage as debasement of the currency, then, i guess it would be considered that. however, moving from silver and bronze coinage to gold and silver coinage would more accurately be considered debasement of the economy rather than the currency. if you weren’t brainwashed, and you understood monetary issues, you’d understand that statement well.
the rockefeller foundation school of economics only looks at the brief period of time when reforms were attempted rather than the crashes caused by the demonetization of the cheaper coins and the length of success of the silver/bronze standard. the roman empire was built on bronze standard and quickly started to unravel when it tried to go on a gold/silver standard twice if you put the roman empire in full perspective.
ron paul would mean roman empire 50 bc with a dark age around the corner.
http://www.unrv.com/economy/roman-coin-denominations.php
First let me tell you that your name calling and accusations of brainwashing do little to help your argument, I merely posted a simple statement. Second, and you can read this outside of US school books, Rome was using gold as money for just as long as not, and in the end they were debasing their gold coins. One could say that moving from a Republic to an Empire with troops spread too thin, and then debasing their gold coin money was the cause of their fall. There is more to the story than what you are saying and Gold as money was not the entire issue. The alarmist attitude you espouse is silly. And who else is in politics is even talking about these issues? Oh no, Ron Paul will bring us to 50bc, laughable indeed.
You might want to review the timeline. It is very clear Rome was built with 230 long stable years of bronze and silver coinage and started to collapse at the end when they moved to gold and silver with brief periods where bronze, brass, or copper were monetized and demonetized (boom/bust) over a short period of time.
Or would you rather have some Kool Aid with your free lunch of economic rent and usury so that you don’t have to admit you were misdirected with slick funding from the Rockefeller Foundation? I’ve been there. It really was no big deal to admit I was being misled and needed to rethink everything. I had intuitive disagreements, and the slick funding had me brainwashed enough to deny my own intuitive disagreements thinking my disagreements are someone wrong. I’m still an ass like the Royal Libertarians, but I feel good that everything makes sense now, and I’m in even in agreement with the Bible as a Real Libertarian.
When I initially left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is added I receive 4 emails with the exact same comment. Is there an easy method you are able to remove me from that service? Thank you!
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