In the announcement of the ended relationship, paul said, but the message i have always tried to deliver over the years has always been. His life and career is the subject of the 2012 film ron paul uprising. Ron paul and other gold bugs keep fingers crossed for swiss. The gold standard was widely used in the 19th and early part of the 20th century. Rarely has a dissent on a government commission done so much good. Many call that a dangerous idea, but the us was quite prosperous on the gold standard. Just like russiagate and the mueller investigation, and a number of other attempts to overturn the 2016 election. The result was the case for gold, and it was the greatest result of the commission. Gold commission, and in many public speeches paul has voiced concern over the dominance of the current banking system and called for the return to a commoditybacked currency through a gradual reintroduction of hard currency, including both gold and silver. A detailed guide to the arguments for the gold standard and its superiority over competing monetary standards. This is the perfect handout for education of the gold standard. Ronald ernest paul born august 20, 1935 is an american author, physician, and retired politician who served as the u. He sometimes summarized his opposition by stating simply, we dont have the gold standard. Ron paul does not want to go back to the gold standard.
Ron paul has been the leading champion of sound money in the congress. Nov 26, 2014 ron paul, a wellknown gold bug, is keeping the faith ahead of a nov. With gold standard or any commodity backed money, you exchange value for value. Ron paul wants to end the fed and go back to the gold standard. Ron paul s team was ready, however, with this marvelous minority report. In the first place, he really knows what hes talking about. According to paul himself, it will not cost a thing, unlike the previous ron paul channel. My friendly debate on the gold standard with allan.
This video contains material and is being used under title 17 u. Jul 02, 2018 ron paul digs down to the root causes of our economic woes in this indepth look at the us financial system and the need for reform. Politically convenient wars are not at all necessary. Meltzer of carnegie mellon university was known for refuting ron pauls advocacy of the gold standard from the 1970s onward. On three occasions, he sought the presidency of the united states. And of course, as you know, hes an advocate of the gold standard was then and is now. A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Disastrous tax code contributes to underground economy. Rarely has a single book not only challenged, but decisively changed my mind.
Ron paul 110th oz gold proof coin buy tenth ounce gold. For example, on december 6th 2007, a critical commentary by david lum of the american enterprise insitute was aired on npr claiming that paul wants to fix the dollar to gold, as it was from 17891933, and arguing that it is a bad idea. Ron paul thinks that gold has a place in our monetary system now. Can some intelligent ron paul supporter tell me why going back on the gold standard would be so. Jan 11, 2009 ron paul interview from 1988 subtitled close caption speaking about irs taxes mexico bail out social health care, con. Ron paul continues to seek the truth on the gold reserves of the united states. Gold standard mises institute nonprofit book store. The following article by ron paul was originally published at. There is great confusion about the gold standard, for the same reason that there is great confusion about the free market.
Ron paul gold standard bad ron pauls false gold standard. Day 6 of crush week as deborah silver shows behind the scenes recording the single. I could write a book for the album the gold standards. Perspectives in the austrian school digital book rockwell jr. While ron paul, the father, is believed to have invested 75 percent of his assets in gold. While ron paul, the father, is believed to have invested 75 percent of his assets in goldrelated investments, his sons strategy seems to be more mainstream. Despite the stability of prices, however, paul has gone even farther than some of his republican colleagues, speaking approvingly of the gold standard. The case for gold is not simply an argument for returning to the gold standard, but. The ron paul revolution by ron paul economics in one lesson by henry hazlitt. Oct 26, 2015 ron and rand pauls personal gold holdings according to the center for responsive politics, both ron and rand are fans of holding gold as an investment. Paul continues to be criticized with the same straw man argument. Ron couldnt pick the members, so from the beginning, the deck was stacked.
Gold standard means that paper money is backed by gold. Apr 20, 2016 all that glitters is not gold at least in the eyes of former u. Introduced federal reserve transparency act with sen. Other contributors include richard ebeling on mises and the gold standard, hans sennholz on carl mengers monetary writings, and lawrence white on free banking and money. Democrats ignore trumps real violations, by ron paul. Aug 21, 20 ron paul loves gold, which probably wont come as that much of a surprise to the retired texas congressmans acolytes. Apr 07, 2015 the republican senator from kentucky and the son of the libertarian icon ron paul is calling. Aug 23, 20 first and foremost gold is the farthest thing from an arbitrary commodity. Digg this this is the preface to ron paul s gold, peace, and prosperity. One of the linchpins of ron pauls insurgent campaign is a return to the gold standard.
The second edition of gold, peace, and prosperity is just 4. Weve had three years of accusations and investigations with untold millions of dollars spent in a never. President in 1998, released a paper last month in which he argued that they can coexist to prevent the current major market makers from rigging the economy. This rare tenth oz ron paul gold coin has an extremely limited mintage making it highly desirable to collectors and investors alike. Ron paul s reading list in ron paul s latest bestseller, liberty defined. Nixon, by executive fiat, ended the last vestiges of the gold standard. Inflation is low, and even better, relatively predictable, so the. A brief guide to what rand paul actually believes the. In 1982, paul was the prime mover in the creation of the u.
Most nations abandoned the gold standard as the basis of their monetary systems at some point in the 20th century, although many still hold substantial gold reserves. Think of it as a person with a debit card rather than a credit card. Ron paul advocates for a 1982 gold study business insider. A 100% reserve gold standard has never, in fact, existed in the united states. No reflects both his medical degree and his assertion that he will never vote for legislation unless the proposed measure is expressly authorized by the constitution. Back then, republicans at least made noises about favoring a gold standard based on a gold dollar. On cnbc s futures now tuesday, the esteemed market watcher said that if theres one thing investors should be. What the world doesnt need now, has never needed, and has never had, is a gold standard. Jan 09, 2008 i was having an argument with my crazy neighbor who is an ardent ron paul supporter. Ron paul is a most unusual politician in many ways. This important and authoritative book by two of americas leading. He knows why he is for it, and he is familiar with the most advanced and complex economic insights on the true nature of inflation, on how.
Since 1995, carol paul has published the ron paul family cookbook, a collection of recipes she and her friends contributed, and which was sold in part to support ron paul s political campaigns. The political positions of ron paul rtx, united states presidential candidate in 1988, 2008, and 2012, are generally described as libertarian, but have also been labeled conservative. The majority was dominated by monetarists, who saw gold as too scarce and paper as just fine. Constable emailed me, thanking me for my interesting perspective.
Which, i know, is not the ball anyones eye is on who would care about that when you can talk about bombs. Paul dropped the news in the interview, indicating that the bill still does not have an official name yet but will be unveiled at the. The gold standard is, in this view, the market standard. Let me get in my fiat monetary units two cents worth.
If i say all the top economists from renowned universities disagreed the idea of ron paul of restoring the gold standards. If the banking system does not have gold, it can not issue paper currency. Paul and his wife currently reside in lake jackson, texas. Democrats ignore trumps real violations, by ron paul the. As a financial professional with exposure to the gold industry on all levels it was polarizing. Have look at this article from wsj to have a more clearer picture. Libertarian and austrian economist ron paul has backed the combination of cryptocurrencies and precious metals to bring back the gold standard. What are the qualities of gold that you think make it a better regulator than. Here are a few videos from the the june 23 congressional hearing initiated by dr. This week the latest democratic party attempt to remove president trump from office impeachment over trump allegedly holding up an arms deal to ukraine flopped. Here is the revolutionary book on monetary reform brilliant.
The rothschilds have already pulled out of the gold market. Ron paul and other gold bugs keep fingers crossed for. But how much the former presidential candidate loves the yellow metal could. Ron paul, a wellknown gold bug, is keeping the faith ahead of a nov. Ron and rand paul s personal gold holdings according to the center for responsive politics, both ron and rand are fans of holding gold as an investment. Well, all the way back to the 1970s i used to debate ron paul on radio about the gold standard. Gold will probably win in international exchange, they both believed, but silver or other metals may operate side by side gold domestically, which mises and rothbard described as parallel standards.
The gold standard may be a big issue in the 2008 election. Representative for texass 22nd congressional district from 1976 to 1977 and again from 1979 to 1985, and for texass 14th congressional district from 1997 to 20. One of the issues that came up was the gold standard. The gold standard is a monetary system in which a regions common medium of exchange are paper notes that are normally freely convertible into preset, fixed quantities of gold. In may 2015, ron paul ended all relationships with the voices of liberty and the ron paul channel to start a new internet broadcast called the ron paul liberty report. Proof ron paul gold coins by provident metals, contain 110 oz of pure.
Constable again emailed me with a link to a new videostory that hes done on ron paul and the gold standard. Dec 19, 2007 no ron paul supporter or other gold standard advocate has managed to articulate to me what problem the gold standard solves. Here he explains why sound money means a new gold standard. What it needs is a monetary system that is run solely.
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