Competing Currencies

[JeffersonThomas]

I have a friend who is fairly influencial with his local Giuliani group asking me about the falling dollar and inflation. We've talked quite a few times about Ron Paul and from the context of this latest conversation I get the feeling he is fishing for a reason to switch camps. Can anybody direct me to a good speech or write-up (preferably by Dr Paul himself) where the idea of competing currencies and why we now have inflation is explained? I tried to check the campaign website and can't find something that seems to fit. I'm looking at the ronpaullibrary.com right now. Any help is appreciated. I think this would be a big win for RP grassroots!

[Ibtz]

Avaroth's latest YouTube video explains it pretty well. It has a number of his quotes in it.

http://youtube.com/watch?v=XaxdUPNYj2s

[ronpaulfan]

This should do it

http://www.youtube.com/watch?v=abV9tgbG-bA

:)

[KewlRonduderules]

Show him/her avaroth's video:

http://youtube.com/watch?v=XaxdUPNYj2s

it explains a lot.

[KewlRonduderules]

Dang! Beat me to it!

:)

[kylejack]

I kinda prefer a down to earth explanation, as its hard to get one's head around. The Youtube video of the guy with the quarters would be a good example. Its all about baby steps with monetary policy. Then the next project is to dismantle CPI in their mind and show what a load of crap it is. shadowstats is good for this.

[Ibtz]

Dang! Beat me to it!

:)

Great minds think alike!

[akovacs]

"Money as Debt" is on google video somewhere and that's supposed to explain inflation pretty well. There's also some milton friedman narrated videos from "Free to choose" on youtube that explain how the federal reserve caused the depression and also explain the fiat money system. If you can't find them, please PM me and I'll take some time out to hunt them down for you, but I'm sure they're pretty easy to find.

As for competing currencies, can't help you there

[JeffersonThomas]

Thanks, I'll send him a link to the youtube video. Is there a written explanation anywhere? Sometimes I think people give these more trust than youtube.

[ronpaulfan]

Avaroth's latest YouTube video explains it pretty well.

http://youtube.com/watch?v=XaxdUPNYj2s

I like to pretend he got his inspiration from my video ;)

*embarrassed by my tiny tiny view count*

:o

[Petar]

check this out:

http://www.lewrockwell.com/blog/lewrw/archives/016747.html

[Ibtz]

I remember seeing the beginning of a video on the Federal Reserve that was on a RP associated site. I think it was on PBS? Can't remember where though.

[Alawn]

You might want to also add that it isn't some crazy idea. Friedrich August von Hayek, a Nobel prize winner in economics, advocated a competing currency.

[me3]

This isn't specific on competing currencies, but it is an excellent primer on the monetary system IMO.

http://video.google.ca/videoplay?docid=-466210540567002553

hth

[ronpaulfan]

You might want to also add that it isn't some crazy idea. Friedrich August von Hayek, a Nobel prize winner in economics, advocated a competing currency.

QFT

Laptop Brigade: Ron Paul on Monetary Reform: http://www.youtube.com/watch?v=abV9tgbG-bA

[Elwar]

On competing currencies...I had an idea a few years back on a currency that would be quite competitive:

A currency where the printing or stamping is paid for by advertisement.

So you might have a silver coin with "1 ounce" on one side and a "McDonalds" symbol on the back. No transaction fees for changing currencies...

Or a gold backed bill with advertisement paying for the storage fees. (maybe even having a sliver of gold in a dollar bill, kinda like the strip in your current fiat dollar, so you're actually carrying your gold)

[gang]

Thanks, I'll send him a link to the youtube video. Is there a written explanation anywhere? Sometimes I think people give these more trust than youtube.

You'll find it in Friedrich Hayek's "Denationalisation of Money".
Have a look at http://www.maxmore.com/hayek.htm

And Paul venerates Hayek.

[jonahtrainer]

On competing currencies...I had an idea a few years back on a currency that would be quite competitive:

A currency where the printing or stamping is paid for by advertisement.

So you might have a silver coin with "1 ounce" on one side and a "McDonalds" symbol on the back. No transaction fees for changing currencies...

Or a gold backed bill with advertisement paying for the storage fees. (maybe even having a sliver of gold in a dollar bill, kinda like the strip in your current fiat dollar, so you're actually carrying your gold)

Wow, that is a great idea for cutting 'store of value expense' by getting advertisers to pay for it.

The Legal Tender clause referred to the material. The Spanish Dollar and many other foreign coins actually circulated in the colonies as legal tender because they were gold and silver.

When Ron Paul talks about a 'competing currency' he is merely saying we should have gold/silver compete with fiat paper. Why we have fiat paper anyways is really stupid, immoral, illegal and unconstitutional. Treasonous FDR and the Supreme Court.

Currently, I have found Goldmoney.com to have the lowest 'store of value expense' of any option out there to store capital.

[atilla]

I have a friend who is fairly influencial with his local Giuliani group asking me about the falling dollar and inflation.
OK, this has to be fake. a guiliani group, that only exists in neocon fairytales not real life.

[hillertexas]

Thanks, I'll send him a link to the youtube video. Is there a written explanation anywhere? Sometimes I think people give these more trust than youtube.

You should watch it with him...Ron Paul speaks in it so it is coming from the horses mouth.

[hillertexas]

OK, this has to be fake. a guiliani group, that only exists in neocon fairytales not real life.

LOL

[literatim]

Monetary Inflation Is the Problem (http://www.lewrockwell.com/paul/paul354.html) by Ron Paul

[JeffersonThomas]

Thanks for the help! I think the Hayak thing was more or less what I had in mind. The video is quite good too. I hadn't seen it before, but I think I'll use it as well.
As for the giuliani group LOL not a meetup or anything like that. He's an officer for his campus republicans club and a lot of them are brainwashed into thinking that for some reason Giuliani is the only one who can beat Hillary. Stupid, stupid, stupid...anyway, thanks a bunch for the help :) I'll let you all know if anything of significance comes from it.

[ronpaulfan]

As for the giuliani group LOL not a meetup or anything like that. He's an officer for his campus republicans club and a lot of them are brainwashed into thinking that for some reason Giuliani is the only one who can beat Hillary. Stupid, stupid, stupid...

Show them this video:
http://www.youtube.com/watch?v=uiDpSwsnZq8

I am dead serious. Show them that video and watch their reaction. Film it for me and I'll pay you $$$ :p

[Bradley in DC]

F. A. Hayek's "Denationalization of Money (http://www.amazon.com/Denationalization-Money-Analysis-Concurrent-Currencies/dp/0255360878)" is the classic essay here.

http://www.fff.org/freedom/0899b.asp

http://www.mises.org/books/monetarynationalism.pdf

[pikerz]

http://video.google.com/videoplay?docid=-9050474362583451279

Money as Debt is by far the most informative and easy to understand video regarding our monetary system.

You cant watch this video and fail to understand the urgency of monetary reform. And how our system of using interest bearing debt to produce new money creates barriers to ethical and equitable trade thru its inherent, mathematical unsustainability.

[Paulitician]

I had to bump in order to post these vidoes. Ron Paul talking about honest money in 1995. Not everything there is to know, but it includes a lot.

http://www.youtube.com/watch?v=IF5pwDCpz4s
http://www.youtube.com/watch?v=Q-M8En38oFQ
http://www.youtube.com/watch?v=IH6iEbP9ozw
http://www.youtube.com/watch?v=ojtxgCYeagE

[BeFranklin]

I'm really enjoying looking at all these video's, some I haven't seen before. I love hearing Ron Paul (and a lot more than reading posts).

Can we put all the video's on this issue in one list? and/or can we do that for all of Ron Paul's other issues too, and post them before the youtube debate tonight?

[Eli]

I can't find the video again, but the quote from my signature is from a video that is beyond perfect for explaining the dollar crisis and inflation. Can anyone find it?