Legalize Competing Currencies...'R' 'N' 'R' 'N' Paulitics...(Ron Paul)
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Much has been made recently about the supposed economic recovery. A few blips in a few statistics and many believe our troubles are all over. Of course, they have to redefine recovery as "jobless" to account for the lack of improvement on Main Street. But the banks have money, Wall Street is chugging along, and the administration would like to get on with other agendae. They have even set up a commission to investigate the crisis as if it were all in the past. The truth is that Americans are still losing jobs, the Fed is still inflating, and more regulations are in the works that will prevent jobs and productivity from coming back. We are on this trajectory for the long haul. The claim has been made many times that this administration has only had a year to clean up the mess of the last administration. I wish they would at least get started! Instead of reversing course, they are maintaining Bush's policies full speed ahead. They are even keeping the Bush-appointee in charge of the Federal Reserve! They are not even making token efforts at change in economic policy. And for all the talk of transparency, we hear that some powerful senators will do all they can to block a simple audit of the powerful and secretive Federal Reserve. We have been on a disastrous course for a long time.
The money supply has doubled in the last year, our debt is unsustainable, the value of the dollar is going to continue its drop, and those Americans who understand where we are headed feel helpless and held hostage by foolish policy makers in Washington. When the bills finally come due and the dollar stops working we are in for some real social, economic and political chaos. That is, unless we take some major steps now to allow for a peaceful transition in the future. These steps are laid out in my legislation to legalize competing currencies. First of all, no one should be compelled by law to operate in Federal Reserve notes if they prefer an alternative. We should repeal legal tender laws and allow Americans to conduct transactions in constitutional money. Only gold and silver can constitutionally be legal tender, not paper money. Instead, it is illegal to conduct business using gold and silver instead of Federal Reserve notes.
Simply legalizing the Constitution should be a no-brainer to anyone who took an oath of office. Consequently, private mints should be allowed to mint gold and silver coins. They would be subject to fraud and counterfeit laws, of course, and people would be free to use their coins or stay with Federal Reserve notes, as they see fit. Finally, we should abolish taxes on gold and silver, which puts precious metals at a competitive disadvantage to paper money. The Federal Reserve is a government-sanctioned banking cartel that has held far too much power for far too long and is in the end stages of running the dollar into the ground, and our economy along with it. The very least Congress can do, if they are not willing to abolish the Fed, and perhaps not even conduct a serious audit of it, is to allow citizens the freedom to defend themselves from being completely wiped out by their monopoly power.
-Ron Paul-
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Comments (8)
I think you're whispering in a sandstorm
I think their asking Ted Bundy to be a good, productive, member of society after he's done all his killings. Oh yea if he could stop all that killing will be nice also, we would sure appreciate than! Pretty please!
only people that think our troubles are all over are the people who still have a job and money in the bank. corporate executives and special interest groups pull the strings on policy makers in congress. the reason we investigate, assuming that those appointed have the ability to do so fairly and justly, is to learn from our mistakes. competing currency are you kidding? has the thought of global economy escaped Mr. Paul? let's not forget that not all citizens even possess gold or silver. we may as well go to a barter system. I agree that the fed reserve is a most vile creature in it self, but it like so many other government run entities, it's done that way for a reason. the american people as a whole are a drooling, unintelligent 5 year old that can't be trusted with anything. unfortunately some of them make it to political office.
jesus thru the money lenders out of the temple, same shit different day
@psuedo...: "competing currency are you kidding? has the thought of global economy escaped Mr. Paul? let's not forget that not all citizens even possess gold or silver. we may as well go to a barter system. "
He's talking about using gold as a standard to base our value of money off of. He also believes in the sovereignty of the U.S. or any other country for that matter. I think globalization works against ours & some other nations economy. We can't save the whole world, we can't even take care of ourselves very well for that matter. I'd suggest reading "Economics in One Lesson" by Henry Hazlitt, & "Revolution:a Manifesto" by Ron Paul. Here's some great site's to checkout!
lewrockwell:
http://www.lewrockwell.com/
Ludwig von Mises Institute:
http://mises.org/
earthman: Jesus threw them out of the temple for extorting the Temple of God. You could compare it to a lot of what's happening in Christian America like with TV evangelist. What your talking about is Usury, like what's in the OT. & yes it is the same old ,same old, but diffrent day.
RGM, Im a thrid generation monetary reformist, I had it thrashed into me as a kid, really hated it until I bought a house and borrowed money then it all went click. After many years I now think if you believe in a winner takes all arrangement and I think most of the developed world do then getting your head around sharing things like the fertility of the land, minerals and the like to name a small piece is very hard, let alone a banking or money system run by the people for the people. Thats no reason to stop pointing out that it could be different and better
That's true there maybe better out there, but a free market system (which we really don't have) would work best IMO. BTW what do mean by winner take's all? I'm for providing opportunity, being charitable, benefiting mankind, & having the freedom to do those things. What we today is cheater's take all AKA corporatism.
BTW earthman, I think we are on the same page.