Ron Paul - Will Americans Support Him?

[feel the light]

"I fail to see your logic. You claim that the rest of the world wont accept our ways, but we need to coin money for everyone in the world. Other countries can choose to use gold and silver as well, and they can coin their own money. If more coins are needed here, you buy more gold and silver, then mint them, and sell them. And again, there is no limit to money supply as anything that can be easily liquidated can be converted to whatever payment medium is used in a transaction."-Gilby

The rest of the world will laugh uproariously at our idiocy, should we attempt to mint gold and silver coin for the entire earth. They will cheerfully accept them (like they do the dollar now) , and hoard them, because they are the only legal tender "appreciating" (to use Gilby's preferred word for deflationary currency),dollar on earth. The only non inflationary currency on earth. Gresham's law states that this Paulistic silver coin will be hoarded.

Of the 1.5 trillion $ of USA paper dollars in existance on earth now, half are hoarded in other countries now. This cost's the USA the cost of printing high expense cloth bills, that are used to benifit the economies of other countries,
like Cuba. But at least the inflation of this money gives the USA some value feedback.

To suddenly change to a silver dollar now, we would need 20 trillion dollars in silver. Where do we get the other 19.87 trillion dollars worth of silver (at current market price) that the USA gov does not own? This is not just wing nut, it is an impossible task to even pretend to attempt.

[Danni]

I understood that U.S. citizens won't circulate gold coins, but the American dollar will backed by gold. This means that if you want, you can go to a government building and demand your money be changed into a fixed amount of gold. If the government starts to print their way through bills, and the dollar's worth goes down, you can recoup your losses by demanding gold.

Buying stuff will still be dealt in the original currency.

[Gilby]

Originally Posted by feel the light

The rest of the world will laugh uproariously at our idiocy, should we attempt to mint gold and silver coin for the entire earth. They will cheerfully accept them (like they do the dollar now) , and hoard them, because they are the only legal tender "appreciating" (to use Gilby's preferred word for deflationary currency),dollar on earth. The only non inflationary currency on earth. Gresham's law states that this Paulistic silver coin will be hoarded.

Gresham's law requires legal tender laws. I think that's where you are misunderstnading it. The reintroduction of silver and gold as currency would be to use them at the free market value. An ounce of silver would not be fixed to the current bills of credit we use.

Originally Posted by feel the light

Of the 1.5 trillion $ of USA paper dollars in existance on earth now, half are hoarded in other countries now. This cost's the USA the cost of printing high expense cloth bills, that are used to benifit the economies of other countries,
like Cuba. But at least the inflation of this money gives the USA some value feedback.

Coined bullion comes at a premium because it is recognized in the market and is of known value. We don't lose anything by issuing gold and silver, because they will be coined and then sold at a premium which covers the costs of minting. If other countries want to have reserves in gold and silver, then so what, let them.

Originally Posted by feel the light

To suddenly change to a silver dollar now, we would need 20 trillion dollars in silver. Where do we get the other 19.87 trillion dollars worth of silver (at current market price) that the USA gov does not own? This is not just wing nut, it is an impossible task to even pretend to attempt.

Why do we need that much silver to switch? The government doesn't need any silver or gold at all to convert. They simply would take gold and silver as payment, then use that gold and silver to make coins, and then return it in coined form after taking some of the gold and silver to cover costs.

To go to a silver and gold currency, you can't just revert back to the old fixed redemption at the same value as before. You issue gold and silver coins, eliminate all laws that make it costly to use gold and silver, such as the tax and banking laws, and let the gold and silver currency be used along side current paper fiat money. If allowed to be done in a free market, without legal tender laws fixing the values of the old and new. Eventually people will prefer to use the real money and that will become the predominate currency.

[Gilby]

Originally Posted by Danni

I understood that U.S. citizens won't circulate gold coins, but the American dollar will backed by gold.

The constitution does not give the government the power to issue paper money. They only have the power to coin money. Once they allow paper money to be issued and then backed by gold, they have teh incentive to do fractional reserve banking which means they print more money than they have to back it. That's where the inflationary and deflationary problems come in. The market can issue their own notes, and government can regulate that to ensure there is no counterfeiting.

[Gilby]

Originally Posted by Spoonthumb

the fact that anyone would say that september 11 is the us governments fault makes me angry

Why does it make you angry? Is the US government immune from doing any wrong? Is it because you've put your trust in this government? Are we not able to look at the reality of what our foreign policy over many decades has caused?

We need to look at our policies and the effects they have from all sides and views. The facts are that we have been meddling in the middle east for a very long time militarily. That does promote hatred there against us. If we flipped the situation around and what happened to them happened here instead, we may have a tremendous hatred towards them and maybe even be tempted to carry out suicide attacks.

Here is a good YouTube video showing the sentiment towards us of our current war there: http://www.youtube.com/watch?v=EzIPSGhooP4

Here is an article from today: Report says war on terror is fuelling al Qaeda

[Gilby]

Here is a good interview of Ron Paul where he goes into depth about money: http://video.google.com/videoplay?do...24545087333822

Oh, and this viral one is good, with 9898 diggs so far: http://www.youtube.com/watch?v=FG2PUZoukfA

[Buddy]

I went to Austin's Ron Paul Rally commemorating the Boston Tea Party and someone posted a bunch of pictures on youtube and I'm in one of them on my uni. Thought I'd share. 1:10

[MuniAddict]

<<Ron Paul - Will Americans Support Him?>>

No chance in hell. In the same boat: Alan Keyes, Duncan Hunter, John McCain (Rino), Tom Tancredo.

[Gilby]

Originally Posted by MuniAddict

<<Ron Paul - Will Americans Support Him?>>

No chance in hell. In the same boat: Alan Keyes, Duncan Hunter, John McCain (Rino), Tom Tancredo.

And just how good are you at predicting these types of things?

[MuniAddict]

Originally Posted by Gilby

And just how good are you at predicting these types of things?

Edit: We'll just have to wait and see I guess.

[nick]

Originally Posted by MuniAddict

Edit: We'll just have to wait and see I guess.

Where are the Kucinich supporters?

DK FTW!

[Spoonthumb]

i like most of this guys idea's, but i just dont agree with the fact that he's blaming the government for 9/11 thats like saying that its your fault that you go shot because you flipped off a gangbanger (i relize that the government hasn't done everything regarding the middle east right in any respect, i just think its ridiculous to blame that kind of mistake (pissing off ppl in the middle east) for a blatant attack) its like saying 2 wrongs make a right...

i apologize for my poorspelling/grammar im kinda in a hurry...

[Gilby]

Originally Posted by Spoonthumb

its like saying 2 wrongs make a right...

He's not justifying it. He's just explaining the cause and proposing a change of foreign policy to prevent such events in the future.

[nick]

Originally Posted by Spoonthumb

i like most of this guys idea's, but i just dont agree with the fact that he's blaming the government for 9/11 thats like saying that its your fault that you go shot because you flipped off a gangbanger (i relize that the government hasn't done everything regarding the middle east right in any respect, i just think its ridiculous to blame that kind of mistake (pissing off ppl in the middle east) for a blatant attack) its like saying 2 wrongs make a right...

i apologize for my poorspelling/grammar im kinda in a hurry...

It's not like flipping off a gangster, it's more like sticking your hand into a beehive to steal all the honey, and then getting stung.

Or to use the gangster analogy:

You sold guns to a rival gang for years and years, and then you had sex with his mother, and then you keyed his car, and then you fliped him off and then he shot you.

I'm certianly not defending the 9/11 attacks. Innocent people died in the towers. I am saying that the American governemnt screws people, countries, factions, etc, over all the time, so it's not hard to see why the attacks took place.

[Danni]

Yes, there is a reason why a lot of people hate the US.