Posted on 12/22/2015 12:39:11 PM PST by 2ndDivisionVet
(CNN) – They’re putting gold behind gold.
A new group inspired by Ted Cruz’s plan to tie the U.S dollar to a unit of solid gold is planning to spend up to $1 million to back his hopes in New Hampshire, a well-financed push meant to elevate him to first-tier status there on the appeal of an offbeat issue.
The Lone Star Committee, a new organization filed under section 527 of the tax code, is planning to flood the Granite State airwaves with radio ads highlighting Cruz’s plans for a sound dollar.
Given that Cruz’s biggest financial supporters have been slow to sink resources into New Hampshire, Lone Star’s investment is shaping up to be the biggest play yet by Cruz forces to perform well in a state that might not naturally be drawn to a tea party renegade....
(Excerpt) Read more at marklevinshow.com ...
The objective is to limit Congress to spending only the amount of money we have. No more could they simply print more. This has a snowball’s chance in Hell. But more power to them. No more studying the sex life of snails, or why lesbians are fat. No more free stuff for people who have never paid taxes. It’s fun to think about, but it won’t happen.
This is the first I’ve heard that Cruz wants to tie the dollar to gold. The first thought that comes to my mind is special interest influence.
How do you base a dollar on gold, when we have more dollars out than available gold?
Yup.
Gold standard today would equal complete chaos.
And lots of nations will realize that we stole all of theirs to prop up our monopoly money.
It will take decades, if not over a century, to get back to that system.
Isn’t Glenn Beck really big into gold? Ted Cruz and Beck have a relationship. One of Beck’s people runs one of the Cruz SuperPacs.
One of the few areas I disagree with Cruz on, but if they want to help support him in New Hampshire then I don’t care what their motivation is.
The Ron Paul wing of Cruz support.
He IS first-tier already, and everyone knows that, even in NH. The only reason he isn't consistently in the Top Two in NH, as is the case in most states, is because the NH primary is always a mad-house. It is the only state where John Kasich is over 2 percent, other than his home state. He is at 8 pct in NH. Christie is also at 11 pct in NH, and barely over 3 pct anywhere else.
(Cruz is still over 11 pct in most NH polls, and in the Top Tier there by any measure... but everyone trails Trump, the Top Dog in NH, by 20 pts.)
YES! A gold standard would be a great check on uncontrolled government spending and debt. It would also prevent the US Government and the Fed from stealing US workers and savers wages through inflation, debt and economic stagnation.
The next step would be to get rid of the Federal Reserve, or at very least, limit it to the role it had 100 years - accepting “market quality” assets as collateral, at punitive interest rates, from banks, only in times of crisis. The Federal Reserve as economic and social engineer, as it is now, is basically the cause of the rise of the progressive nanny state.
No the first thing that pops in my mind is that Cruz realizes the ballooning debt is unsustainable. This is a literal monetary force majeure to slap ourselves back to reality.
Too late. The world works on credit not collateral.
Sounds like that to me too.
Some donor/s is “long” in gold stocks.
Hmmmmmmmmmmmm...yes, I think you’re correct.
The amount of gold isn’t the issue. Flip your thinking around a little.
Just making up numbers here to give an example...
Say that when we went off the gold standard, an oz of gold was worth $200.
Now say we go back on a gold standard tomorrow. The value of gold is say, $1,000 an oz.
There ya go. The dollars you saved under the old standard and since then aren’t worth shi’ite any more, but the amount of gold isn’t an issue. If you own gold, good on ya. Now go and get in some libtard’s face and say, “I told you so.”
He has talked about for some time. It’s a good idea btw.
re: “This is the first I’ve heard that Cruz wants to tie the dollar to gold. The first thought that comes to my mind is special interest influence.”
It is part of his tax plan. Cruz has long been a supporter of the gold standard and sound money. Was a student of Milton Friedman in high school.
This plan could be just a first step with the actual goal of finding out exactly what the heck is left in Fort Knox. If anything.
The world worked on credit during the period of the Classical Gold Standard, too. Gold does not preclude credit.
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