source: http://news.goldseek.com/FallStreet/1323962280.php question: as inflation drives gold prices, would it be bad if the fed was really 'ended'? no more QE to drive up prices? how likely would the gold standard be brought back if Ron Paul was elected and what does that mean for gold prices?
It has to be relative to some type of currency conversion. So even if the Fed was ended there is still Trillions in debt that would need to be backed. After all it is a Gold standard. So to me all the Gold they held in reserve would have to = the amount of debt ? This is the view held by Mike Maloney and why he feels Gold and Silver are going to go to the moon, Gold will be the real increase, but Silver will be pulled along for the ride. I can't see a price of Gold in the 10's of thousand's an ounce and Silver only being $40 - $60oz ? It's like if someone owed you $1,000 and offered to pay you back only $100
Suppose Ron Paul wanted a Grapefruit Standard... as his populatity rose, what would that mean to the Grapefruit price?
Let's face it. Short of a total collapse in the world wide monetary system ( which would be a perfect time to print a new currency and back it with a classical gold standard) even as president it is going to take a long time to put the US onto a gold standard. Auditing the Fed and controlling how the fed prints is one thing but even in 2 terms it would be difficult without a full collapse. Money printing is only driving gold closer to true value ( not really though as fiat is devaluing faster that gold is appreciating). It is not even close to being where it should be.
And while the sh*tload of Grapfruit farmers plant... and wait... and wait for maturity. 10,000 times, maybe more Grapefruit buyers stampede the fruit stall. Under Ron Paul, the Gold Standard is in. That'll be one of the mandates.
Folks forget about Ron Paul becoming president and a return to the gold standard. The criminals that run the financial system will first 'JFK' Ron Paul and destroy us all before they allow a sensible and true free market and honest system to be introduced.
Agree. The paradigm is that the powers wish to help us all and establish an equitable distribution of wealth across the nations and among the peoples of the world. Reality is that the world is in the grip of greedy, power mad murderers and thieves who find that the current system suits them just fine. I believe that the current gold manipulation is to ensure that as few peasants as possible own anything approaching independence from economic enslavement and that when the price 'goes to the moon' it will because the peasants have worked out that they are about to become slaves in a modern feudal system and they'll be trying to rescue some wealth and the little gold in non-elite private hands will be priced accordingly. If this wasn't so, then the trillions of dollars of fantasy debt and wealth created by derivatives could be decoupled from the economy and a jubilee of debt forgiveness could establish some equitable distribution of wealth in the world. Instead we have the final moves in a long term enslavement plan that the sheep have willingly embraced in the green pastures. Now it is starting to look like slaughter houses and concrete pens they're bleating about it all being 'unfair'. 'Unfair' has barely started yet.
Im a realist and it will be an immense struggle for Ron Paul to become president and even if he does his age might be a factor that makes him last only one term IF he did become president though he has already said that he would introduce gold as a competitive currency to the US dollar.. this would force the fed to act responsibly and in the end it would move the mainstream into gold and then end the fed Its going to be a huge uphill battle but the likes of Jefferson and Washington fought tooth and nail and won so I have to have a shred of optimism about something and hope he can make it
JulieW,20 years ago i would have passed your above statement off as a RANT of a paranoid scaremonger. Today i read your statement and see only the truth of the situation at hand. WW1 -1914,WW2-1939,WW3-2011 There is an economic War in progress that is being fought with Currencies,Resource Accumulation and the insidious confiscation of Rights in ever so small and multiplying ways.Insightful Julie-Insightful. REDBACK
