[capitalist229]

There would be good news for all the gold speculators however, because investors would be moving to precious metals for sure.

Untrue.

If Ron Paul were in charge his first act would be to stabilize the currency by raising interest rates.

That would be bad for gold, but that's the whole point.

Stop devaluing the dollar and there will be no need for gold except to back the dollar.

BUMP

[perez24]

No disrespect, but can the President actually raise interest rates?

[Always Right]

Do you realize countries that backed their currency in dollars were the countries that suffered the worst and the longest during the Great Depression?

[mkjessup]

If Ron Paul were in charge his first act would be to stabilize the currency by raising interest rates.

Well genius, explain how Ron Paul is going to control the chaos following his election in that time frame from Election night '08, up to January 20, 2009. Investors and speculators aren't going to wait to see what kind of madcap ideas he puts into play.

There's no guarantee there will even BE a currency to 'stabilize' by the time he gets to the Capitol steps.

[r9etb]

If Ron Paul were in charge his first act would be to stabilize the currency by raising interest rates.

And how, praytell, would Ron Paul raise interest rates?

And even if President Ron Paul had the power to do so (which he would not) .... "raising the interest rates" would not be any different, morally, from Bernanke lowering them. He'd just be playing to a different crowd.

Muddle muddle muddle....

[Petronski]

If Ron Paul were in charge his first act would be to stabilize the currency by raising interest rates.

Only if he were King. He's not running for King, and we have no office called King.

How praytell does a president raise interest rates?