some here are confusing barter with money as a medium of exchange

Well... gold "could be" a medium of exchange assuming that all parties to a sale agreed to it. Money can be anything. It can be a sea shell, or a rock or a piece of paper with a number on it or metal. however, arbitrarily proclaiming it to be a medium of exchange, which in the context of the discussion assumes you can purchase any and all goods and services just as you could with Dollars, is silly when its so clearly not the case.

ron paul is beyond a mere politician for a certain group of people. better to see him as a religious or cult figure to them. a gold standard messiah.

thus you might as well be arguing with a mormon at your door. will get just as far.

i've always wondered where the 15 trillion dollars in gold will come from.

What facts? You throw out ignorant comments of no substance at all. You say he should have done things different, but you apparently have no idea or opinion how.

More bullshit. He specifically has said what we are doing wrong, how to fix it and what will happen if we do not fix it.

Another part of his job, which you left out, is introducing legislation. Here are a list of bills he has introduced in 2011 alone:

He also returns to the Treasury usually around 6 figures each year that was unused from his congressional budget. I suppose he only does that because he's rich also?

From which "campaing"? Congressional? Because that money was moved to his Presidential campaign. Show me proof that he pocketed the money because that is what you have been implying.

The reason I am pissed is because you dodge questions, spit slander and worthless generalities and seem to think your understanding of economics is infallible. That you criticize Ron Paul for doing nothing is incredibly ironic when the fact is that the reason the country is as fucked as it is is because of people like you.

It would obviously require a revaluation of gold. It's not that complicated.

Who insisted this?

If you're in the Adult industry Ron Paul is your best friend.

umm what the fuck are you talking about? slander? look it up yourself, ron paul had/has $5 million in leftover campaign monies, i won't do your research for you, especially since you feel the need to attack me because i don't like your boy.

and i think my understanding of economics is infallible? please quote 1 single comment i've EVER made that supports that idiotic conclusion. in fact, i am on record here stating the exact opposite.

and now you are sooo butt hurt about my view that i am the reason the country is fucked? AHAHAHAHAHAHAHAHAHAHAHAH fucking logical awesome, that's some power i have huh!

a more appropriate avatar for etherstnc
http://awesomelife.files.wordpress.c...if?w=400&h=404

yeah, let's change the price of gold from $1500/oz to $10,000/oz overnight- that's been proven to fix everything.

where's the proof that going back to a gold standard would be viable or more importantly a solution to anything?

where's the proof that abolishing the fed would accomplish anything?

not saying they would not work, just asking for any data. but i'll answer my own question. there ain't no proof. maybe ronnie is just keeping it in that bald head of his! come on ronnie, show us the proof!

reminder: according to statistics already posted in this thread, ron paul is considered to be in the bottom 10% of congressmen just based on his missed voting record alone.

wow, this guy needs to be president!

Not that complicated? You're talking about artificially reevaluating a global commodity based on the needs of the US. Not complicated?

Let's reevaluate the price on oil while we are at it.

We did it before.

the list of submitted bills only goes to prove that he thinks he is smarter than everyone else. want to let us know which ones off that massive list actually passed? how many even got to the floor for a vote?

Does your $1000 still allow you to buy the same amount of products and services as it did 5, 10 or 50 years ago?


Are you talking about $1000 of gold as in the original meaning of the word whereby 1 USD represents a fixed amount of gold? Probably not, since the USD is no longer backed by gold. The fluctuation in the price of gold you are describing is actually a result of the instability of the USD, the Euro etc.
The value of gold has essentially not changed over the past (let's say 10) years, yet its price expressed in USD has. This should tell you something about the USD.

for immediate release:

dear world,


hai guyz!

just a quick note to let all y'all know that we are updating our financial institutions and going back to the gold standard as our new econ guru ronnie paul says that will fix everythings. so please adjust your financial systems accordingly, update your financials to show the adjusted debt, and most importantly, also change the value of your gold since we are in charge and can dictate such things cause ronnie says so!

yay amerika!!1one.

The USD, the Euro etc also have no fixed value.

In an economic sense the USD, the Euro, gold, silver etc are just commodities.

A shopkeeper could express his prices in apples, lemons, dollars, gold, silver etc... It's the same principle for all of those things.

He could ask 5 apples in exchange for a product and he could ask 12 apples in exchange for another product etc...

Another shopkeeper could ask 100 grams of salt in exchange for 1 product and 200 grams in exchange for another.

If a shopkeeper (under free market conditions) were to accept gold in exchange for a product he would not price that product in "10 apples worth of gold", no he would express the price in grams or ounces or kilos of gold....

Originally that is what the dollar was. A way to express a certain amount of gold.

Now that the USD is no longer on the gold standard, the USD is no longer a way to express a certain amount of gold but just federal Reserve notes. Now it's just a commodity like any other and the same economic principles apply. Like for example the Law of supply and demand at a certain price.

If 1 unit of gold costs 10 USD than the price of that 1 unit of gold expressed in USD is 10. At the same time the price of 10 USD expressed in units of gold is 1.
If you increase the supply of a certain commodity its price will go down.
If you (or the government or the central bank) increase the supply of USDs than its price will go down. So in this example the price of USDs expressed in units of gold will go down. This means that to buy the same amount of units of gold after the price of USDs expressed in units of gold has gone down, you will have to pay more USDs to buy the same amount of units of gold.
This is what we are seeing on the gold markets. While small fluctuations can be attributed to the daily fluctuations in supply and demand, the huge rise in price (expressed in USD) is the direct result of a decrease in value of the USD as a result of the increase in supply of USDs.

No one needs to go back to the gold standard. What we need is the abolishment of legal tender laws (and similar regulations that force people to accept 1 specific currency) and to stop bailing out banks that are in a financial mess because of their own corrupt behavior.

Exactly. In fact Ron Paul proposes legalizing competing currencies and not an immediate return to the gold standard. The idea being that people will naturally move to a more stable currency.

you ronnie paul groupies need an update-


Ron Paul discusses the benefits of returning to a gold standard
http://www.forbes.com/2010/01/13/gol...-ron-paul.html

the ultimate proofs- a youtube video
ronnie paul yapping about how to return to a gold standard::::::;

Anyone remember Ross Perot?

What is it with Texas?

I was expressing my own opinion.

so let me get this straight, ronnie paul wants a government issued/declared gold standard while complaining about *big* government and some of y'all don't get the hypocrisy of this 34 year career politician?

i see.

Gold backed currencies would (amongst other currencies) evolve naturally under free market conditions.

The dollar price of gold doesn't affect the value of gold. Gold is not worth less now, the dollar is. Inflation is all but nill until you introduce a fiat currency that can be printed out of thin air.

got it, thx for the clarification. i appreciate your being able to discuss this without resorting to name calling and such, that's refreshing! :thumbsup

i don't disagree with anything he says in this vid, but, as i alluded to earlier, i do not claim to understand economics at a high enough level to agree or disagree. in fact, from what i can tell, even people with an extremely strong understanding of economics disagree on such things.

nevertheless, look, if ron paul has ever come close to prompting change it was with his legislation passed to audit the fed. but it's my understanding the fed was already under fed auditing laws and even since ron paul's law, nothing has come out of his audits either.

and you can count me as one who would very much like to learn more re: the fed. but i'll also add that i think a central bank is a good thing and i do not disagree with having one as i understand it all. if it was factual revealed that the fed is a detriment then i would have no issue abolishing it.

but a lot of that gets lost when it comes to ron paul because of his outlandish commenting on the gold standard. i'd appreciate him much more if he had done his government service by holding an office or 3 or more for a term and then continuing his crusade against the fed from a non-public office.

Really? So, the solution is to curing all issues with paper money is to use the gold standard... THEN put the government in charge of setting gold prices... which defeats the purpose entirely as well as completely ignores the fact that it will be valued in accordance to supply and demand in the rest of the world as a commodity?

Are you 12 years old or what?

You, like anyone else arguing for Ron Paul can't seem to grasp that there is no such thing as a "stable currency". Stable is simply a reflection of confidence. Use the gold standard.. then put a bunch of idiots in charge of setting gold prices... then watch prices go bonkers all over the world (unintended consequences) and you have a very unstable currency with the same bunch of inept idiots in charge of it.

It would make gold rather expensive, which is what the goldbugs care about.

Gold, $50,000 an ounce! :jerkoff


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I KNOW that would make you happy!

;)

Not the whole story and misleading. The price of Gold has risen in all major currencies that I have looked at.

This tells you that it is NOT simply about the US Dollar. It reflects uncertainty across the board.

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You'll need to explain why it is occurring in all major currencies for this statement to have any real force.



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Demonstrably false. Sorry.


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Considering I got out of 90% of my gold / silver positions over a year ago and see them vulnerable to a price decline, I'd say not.

Not to mention, the reason I invested in it has nothing to do with gold standard support or any other anti-FED wackiness all of which I think are stupid ideas.

But maybe I misunderstand your statement??


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Just remembering back to the oprano days when you were lecturing us all on buying gold. :)

Ah, someone from back then that remembered this. Were you TheSquealer back then?

Metals have had a good run, but now I hope it drops hard over the next 6-12 months or more. hehe

Still think there is more to be made there over the next 3-4 years.


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