Ron Paul Speaks About His New Book "End The Fed"

[qwerty]

YouTube - Ron Paul Speaks About His New Book "End The Fed" On Book Tv! (http://www.youtube.com/watch?v=gfMTLStBnkM)

http://www.reddit.com/r/Libertarian/comments/9mixk/ron_paul_speaks_about_his_new_book_end_the_fed_on/

[LiveFree79]

There's nothing wrong with Ending the Fed but replacing with a gold backed monetary system is retarded. Paul needs to focuse more on a hybrid system and not be such a goldbug sometimes. It doesn't matter what backs our monetary system if the same private banks control everything......if we went back to a gold standard they'd control all the gold and monopolize that as well. Just look at the recent IMF and selling off of huge and vast gold reserves to drop the price in gold. Talk about manipulating the economy.

[max]

There's nothing wrong with Ending the Fed but replacing with a gold backed monetary system is retarded. Paul needs to focuse more on a hybrid system and not be such a goldbug sometimes. It doesn't matter what backs our monetary system if the same private banks control everything......if we went back to a gold standard they'd control all the gold and monopolize that as well. Just look at the recent IMF and selling off of huge and vast gold reserves to drop the price in gold. Talk about manipulating the economy.

What I would like to see is an Act of Congress which links the Money Supply to the GDP

.....2% growth in GDP = 2% growth in currency, injected into the economy in the form of "dividend" checks to the citizens.

[Bruno]

There's nothing wrong with Ending the Fed but replacing with a gold backed monetary system is retarded. Paul needs to focuse more on a hybrid system and not be such a goldbug sometimes. It doesn't matter what backs our monetary system if the same private banks control everything......if we went back to a gold standard they'd control all the gold and monopolize that as well. Just look at the recent IMF and selling off of huge and vast gold reserves to drop the price in gold. Talk about manipulating the economy.

He advocates a gold standard or what the free market would support. The point is returning to sound monetary policy and ending fiat currency. He doesn't feel there should be an IMF, either, who can manipulate the gold market.

[kaleidoscope eyes]

thanks for posting this, I missed it! :)

[wizardwatson]

He advocates a gold standard or what the free market would support. The point is returning to sound monetary policy and ending fiat currency. He doesn't feel there should be an IMF, either, who can manipulate the gold market.

Agreed, but what does a free-market solution to the monetary system look like?

We know it needs to be 100% reserve backed.
We know we don't want centrally controlled.
We need some kind of exchange consensus for 'money' to emerge.

If such a thing is possible, can we implement it at the grass roots level, and have it function alongside the current system, as an alternative currency?

[qwerty]

thanks for posting this, I missed it! :)

You´re wellcome! :)