This skeptic turned believer- Ron Paul 2012

**MeBad** · 03-07-12, 03:50 PM

Originally Posted by DJ Mr. White

The price of gold never changes.

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Historical gold prices

Money is on the verge of exponential worthlessness. Very sad.

**deathgodusmc** · 03-07-12, 03:58 PM

Well it was easy to back the dollar with gold before we had 312 million people with bank accounts and ceo's making 400 million a year.

**AetheLove** · 03-07-12, 04:46 PM

Originally Posted by MeBad

Historical gold prices

Money is on the verge of exponential worthlessness. Very sad.

That's a great chart. Those of us who think a gold-standard currency is a dumb idea thank you for posting it.

Cheers,

AetheLove

**AetheLove** · 03-07-12, 04:57 PM

Originally Posted by MeBad

Why would you keep the FED.

Because it's nice to regulate the money supply.

Because monetary policy can be useful.

Because I sometimes like things from other countries, and I like that people in other countries sometimes like things from here, and central banks make that work.

Maybe you think the Fed (it's not an acronym, it's more of a nick name) doesn't do a good job. That's reasonable. If true, we should try to fix that.

"Abolishing" the Fed (not that that makes sense, but I'll grant it as a metaphor) would be dumb.

I sometimes think that the police don't do a good job, but I don't think we should abolish police. Properly constituted, appropriately restrained, and effectively lead, they're good to have around. They help solve some real problems and facilitate things that we all like.

Cheers,

AetheLove

**MaFioSo** · 03-07-12, 05:46 PM

I'll vote for him whether his name is on the ballot or not. And I will continue to do so until I come across another politician worthy of my vote. Seriously it seems like every election people don't vote for a person they like or think is the best for the job...they vote for the person that sucks less amongst the two candidates.

Although I don't agree 100% with all of his policies he is the only politician that I believe is actually and sincerely doing what he believes is best for the country and not what's best for himself.

Rons political career could have been much better had he sold out like 99 percent of all other politicians do. You know accept campaign "donations" from third parties to fund advertising and gain publicity and in exchange voting on bills in a way that's beneficial to said party.

The vast majority of politicians from both parties do this, why do you think those corporations give them that money?

So say what you want about Paul, but he is one of the few politicians who won't sell out his values for financial or political gain.

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**SmokenScion** · 03-07-12, 06:09 PM

Most of Paul's Crazy Ideas are benign compared to Newty.

**Fovezer** · 03-07-12, 06:10 PM

Originally Posted by MeBad

Why would you keep the FED. It is a unsustainable system, that keeps the rich rich, poor poor, and middle class working over-time. Think about it. Every dollar they print must be paid back in interest.

AetheLove is right, we need the Fed to regulate the monetary supply. It's good to have an elastic currency because it helps make sure the are no big boom and bust cycle. The Fed was started because of panics and bank runs. My biggest problem with the Federal Reserve is who it is run by and the secrecy around it, not the bank itself.

Originally Posted by MeBad

From the very moment the first dollar was printed it became worth less, and less, and less, and less, and less, and less. Now print 1.8 trillion (thank you very little Pres Obama) to bail out "too big to fail" losers, and you end up where we are today.

You want to know why they got too big to fail? Deregulation. You know who one of the biggest proponents of deregulation is? Ron Paul. Yeah, it sucks we had to bail them out, but that was a necessity brought on because our deregulation of the financial sector allowed the banks to get that big. What the real problem was we took no real steps to fix the problems and just tried to treat the symptoms. We should have nationalized the banks, reinstated Glass-Steagall, and then cut the banks up and sell them off.

Originally Posted by MeBad

How can you pay off a interest debt, when you have to borrow money with interest to pay it off? There must be something of value to off-set this. It used to be gold, now it is thin air.

There are a number of problems with the Gold Standard. Gold isn't any different than our paper money right now. They are both only worth what we believe them to be worth. It's too rigid, meaning you can't influence the money supply to help during a recession. Plus, there isn't even enough of it! It's just not feasible.

**deputyfestus** · 03-07-12, 06:21 PM

Originally Posted by AetheLove

Because it's nice to regulate the money supply.

Because monetary policy can be useful.

Because I sometimes like things from other countries, and I like that people in other countries sometimes like things from here, and central banks make that work.

Maybe you think the Fed (it's not an acronym, it's more of a nick name) doesn't do a good job. That's reasonable. If true, we should try to fix that.

"Abolishing" the Fed (not that that makes sense, but I'll grant it as a metaphor) would be dumb.

I sometimes think that the police don't do a good job, but I don't think we should abolish police. Properly constituted, appropriately restrained, and effectively lead, they're good to have around. They help solve some real problems and facilitate things that we all like.

Cheers,

AetheLove

There's your problem and here's your sign..........Miami-Dade officer suspended over hauling mattresses atop patrol car - Miami Lakes - MiamiHerald.com

**AetheLove** · 03-07-12, 07:52 PM

Originally Posted by deputyfestus

There's your problem and here's your sign..........Miami-Dade officer suspended over hauling mattresses atop patrol car - Miami Lakes - MiamiHerald.com

Classic.

Thanks, Festus.

Æ

**AetheLove** · 03-07-12, 08:04 PM

Originally Posted by SmokenScion

Most of Paul's Crazy Ideas are benign compared to Newty.

I can easily agree with that.

Newt is scary. I rather like a lot of what Paul has to say. It's damned refreshing to hear someone say those things too. I agree with some of his policy stances.

Even if elected, I don't think he could get rid of the Fed.

Still, as a thing to speculate about over drinks, it'd be fun to talk about what - if you could get rid of it - you'd replace it with.

Seriously. It's not insane to consider drastic changes to the monetary regime in the US. We've done it before. I presume that all of you who want to dissolve the Fed realize that there'd still be, at minimum, a few administrative tasks that needed taking care of.

What do you propose?

Cheers,

AetheLove