Gold, silver, and other precious metals have value. They can be melted down and used. They are acceptable mediums of exchange around the world and across the universe. You cant just conjure up some more of it, or pretend it exists when it doesnt (as we will see in the video below). Fiat currency is just fancy construction paper.
“We know what to do – we did it once after the Civil War period, we went from a paper standard backto the gold standard, and the event wasn’t that dramatic. But today the big problem is that both the conservatives and liberals have an big apetite for big government for different reasons, therefore they need the Fed to tide them over and monetize the debt. So if you don’t get rid of that appetite it’s going to be more difficult,but the transition isn’t that difficult.
“You have to get your house in order; you have to balance the budget, you have to not run up debt, and you have to promise not to print any more money…I would liketo have a transition period and just legalizegold money, gold and silver as legal tender, and work our way back… We want to legalize the use of gold and silver as the constitution dictates, rather than punishing the people who try to do that…I am quite convinced that the system we have will not be maintained – that’s what these last 4 years was all about, and that’s what the turmoil in Europe is all about.
“The question is are they going to move toward a constitutional form of money? Or are we going to go another step further into international money – instead of having an international gold standard based on the market? Are we going to go toward a UN, IMF standard where they are going to control with the use of force another fiat standard? I consider that a very, very dangerous move.”
For those of you who arent completely clear about how this whole pyramid scheme of a financial system works out, here is a short video clip from the Zeitgeist Movement…
And Abundance Child breaks it down pretty well on her site…
When the U.S. Bankruptcy of 1930 C.E. was declared in the U.S. Congress in 1933 C.E., gold was taken out of circulation and the un-Constitutional (thus fraudulent) U.S. currency made its debut. All of the fraudulent U.S. currency in circulation was/is made at an average rate of 2 cents per bill [That’s about what they are worth] regardless of denomination. The U.S. Treasury sells these bills to the Federal Reserve at cost.
Whenever the U.S. government needs a loan, the U.S. Treasury borrows those same bills from the Federal Reserve at face value plus interest and the suckers/public/U.S. citizens get taxed to pay the face value plus the interest to the owners of the Federal Reserve by the Privately owned and operated collection agency known as the Internal Racketeering Squad.
Any U.S. citizen that has ever allegedly paid the I.R.S. should look at who endorsed the check used for payment (It was not the U.S. Treasury, so U.S. citizens can forget about their taxes being used to for running the country ). You cannot pay debt with debt. You can only pay a debt with substance. The fraudulent U.S. currency is a tender (A fancy way of saying it’s an I.O.U.) that has no material value.
Ron Paul nailed it. He is the only one in the Presidential race talking about shutting down the crony Federal reserve system and bringning some kind of prosperity back to this country. Obama definitely hasnt. We shouldnt jump behind the brotha just because he is Black and popular. We made that mistake when we sided with the U.S. government controlled Civil Rights movement instead of Malcolm’s independence movement!
(On a side note: Hugo Chavez and China have long since seen the value in what he is talking about. Venezuela recalled all of their gold and returned to the gold standard, while China is increasing their reserves and buying up gold mines FIRST, THEN increasing their money supply.)
If I had to choose one man out of the candidates to be the primary political dumpster diver (the Prez), it would be Ron Paul.