Skip to comments.Ron Paul: "Nothing to fear from global currency" (C-SPAN 3/13/2001)
Posted on 01/03/2012 9:16:08 PM PST by Nachum
This clip, taken from C-Span, from a House session dating back to March 2001, shows Ron Paul stating there is nothing to fear from a global currency.... as long as it's backed by gold, of course. Listen at 0.32 (more in your face numerology), where Paul states there being nothing to fear from a "single, worldwide currency." He then goes on to praise the wonders of globalism, which he also claims is nothing to fear.
Is the establishment running scared of Ron Paul, or is that what "they" would like you to think? Is it so absurd to think they could be promoting Ron Paul while simultaneously "ignoring" and "attacking" him, thus giving him a sort of legitimacy in the eyes of a targeted vector in the never-ending dialectic scheme of mass media mind control?
What if abolishing the Fed has been in the plans all along, only to be replaced with something ever bigger and more nefarious?
(Excerpt) Read more at youtube.com ...
Maybe Obama can make Paulus Dumbus his VP instead of Biden.
So much for the Constitution
And a single Global government sounds dandy as well.
Beat me to it.
And that Global Government will respect the US Constitution that Paul professes to honor.
Bozo the clown is alive and well and running for Pres.
Revelation chapter 13 must sound lovely to him.
Does he still get Alex Jones’ support after this little gem? I’m confused, is RP an isolationist or a globalist?
So we’re all just one big, happy family tiptoeing through the tulips together. Well, isn’t that just ducky.
I’m so glad that he did NOT win tonight in Iowa or even take second. They said it was due in large part to his “foreign policy”. Well, DUH.
This guy has to go.
Interesting find...we have speculated before that the Pauls and their allies are simply another side of the same coin being tossed by the likes of Soros, etc. for their agenda along with Obama and company. This just adds more evidence to support that theory.
Even were it not for the ramifications of Revelations, I would find *both* a global government, and its necessary precursor, a global currency to be abhorrent. The reason?
Simply this, I am not so naive as to believe that when the adherents of same say "globally" that they do not mean exactly *that*, "GLOBALLY". I see neither galactic-travel capable space ships in orbit around our planet, nor have heard of any viable destination to take such to, in order to 'vote with my feet'. Have you?
Thus, these folks boldly state their intention of taking *my* interests in this planet, and any resources it may have, to serve *their* interests, wether I like it or not, by fraud, or by force if they deem it necessary. This is still theft on the grandest scale imagineable, no matter which way you care to slice it...
The abolish the fed crowd won’t like this.
In the video, he was referring to a gold backed international currency, not a CB paper Ponzi scheme. He didn’t mention an international currency that would exclude national currencies, either. He’s talking about gold, not a one world government or usurping the COTUS, but abiding by it. Just my 2 cents.
I can’t even wrap my brain around what kind of complete dolt would support this nuttier-than-squirrel-poop ass-hat!
He’s talking about gold as currency.
This makes sense.
Any currency backed by gold (really backed) and without any trickery or serious sovereign risk is better than any fiat currency - especially if that gold is dispersed throughout the market and instantly convertible from notes and/or non-precious specie.
There already is a global currency: gold.
The US dollar became the de-facto international currency, because it was "good as gold." If you had a US $20 bill, you could turn it in for a 22-karat gold double eagle. The slip of paper was simply the title to the gold. So the "international currency" wasn't actually the US dollar, it was gold, and gold still is today.
The fact that the US dollar still clings to the "international currency" designation even though it was detached from gold long ago is just an indication of the overwhelming inertia of the international financial system.
But gold cannot lie. Anyone can test it and determine its weight and purity. This fact is why FDR criminalized the possession of gold coin in 1933, as he went about ripping the heart out of the US dollar and replacing it with a web of lies spun by the Federal Reserve Bank and the US Treasury. The gleam of legal gold would have outshone the tarnished brass with which he replaced it, and he couldn't have that.
As a result the dollar has been in more-or-less free-fall ever since then as you can see from any graph, steadily destroying the hard-won savings of hundreds of millions of people, channeling it into the insatiable maw of big government. Unless you use a logarithmic scale, the line goes nearly straight down by 1990 or so.
If you have gold, as Ron Paul was saying here, you don't need the hollow assurances of corrupt, self-serving governments in order to trade with anyone, anywhere in the world. You have gold, and that's all you need.
Hes talking about gold as currency. This makes sense.
Not really. The only way you could increase money supply would be to mine more gold, and gold is really scarce!
As economies grow and populations increase, gold would become more valuable, locking the nation using gold as currency into constant deflation.
For example, take the US dollar. We own about 200 million ozs of gold. That is approximately 300 billion dollars worth at $1600.00 an ounce.
Our M1 money supply is 2.1 trillion dollars. That means that the gold would have to be valued at $11,200 per oz to cover money in demand accounts and on hand cash. Of course, you could devalue the dollar by 85% and accomplish the same thing. This is just based on the M1 money supply.
Our M2 money supply is four times higher.....
Gold backed currency, especially for the US, is a fantasy. That is the reason only RP is talking about it.
Whether its backed by gold or not, a global currency is a political move rather than a financial move. We already have (had?) a global currency in the dollar. The US dollar is accepted anywhere on the planet.
Simple question; where in the Constitution Ron Paul professes to support does it give the Federal Govt the authority to subordinate America to a global currency?
The global currency would certainly not be controlled by America and it would certainly have to be compliant with the requirements of Islam.
How LIBERTARIAN is a single currency, Paul? Ron, you need to leave the GOP.
Bozo The Clown is not running for president, he is in the WHITE HOUSE.
The current situation of a currency backed by the government's promises to tax the crap out of our grandchildren on behalf of private banks is even more of a fantasy - in which devaluing the dollar by ONLY 85% will be a fond memory by the time you and I die - yet we're still clinging to it. Who's more delusional, Ron Paul or Ben Bernanke?
If you are talking about the TARP and the Fed's actions in the collapse of 2008, it hardly cost anyone anything. TARP cost us a total of 19 Billion...about $60 for each American.
The Fed's actions made money.
Who's more delusional? Ron Paul by a country mile.
Theres a lot to feel good about with Iowa. After having no voice for many years, citizens who dont buy into the perpetual war doctrine now have a seat at the table. It is time to travel back in history and compare to the 2008 GOP Iowa Caucus. The winner of the caucus was Mike Huckabee with Mitt Romney taking second and John McCain in fourth. Take a look at the vote Ron Paul obtained in the 2008 caucus, a measly 11,841 votes. Compare to his third place finish in the 2012 caucus of over 25,000 votes
It was remarkable to hear Sarah Palin say Pauls backers shouldnt be marginalized and that the party needs them. That the US is broke, the implication being that we cant afford the empire. Let the other candidates go on about American exceptionalism. Reality has a way of creeping in and thats always good news.
The last convoy of American troops drove into Kuwait on Sunday morning, punctuating the end of the nearly nine-year war in Iraq. To keep details of the final trip secret from insurgents or Iraqi security officers aligned with militias interpreters for the last unit to leave the base called local tribal sheiks and government leaders on Saturday morning and conveyed that business would go on as usual, not letting on that all the Americans would soon be gone.
The Iraqis are going to wake up in the morning, and nobody will be there, said a soldier who identified himself only as Specialist Joseph.
I wish there were as many candidates against patriot acts, wars and bailouts as there are for these things. But we have to settle for what we can get, and one victory from last night is the establishment is realizing that Pauls campaign isnt about him, but about us, the people who want a different course in Washington.
Ben Jones www.thehousingbubbleblog.com
“The US dollar is accepted anywhere on the planet.”
Until it’s not. :) Gold and silver will always be accepted. They will never go to zero like all fiat currencies have historically done so.
We had a collapse in 2008? Who could have seen that coming? :)
What does a global currency tied to gold have to do with a a global government?
Of course, it does remove your freedom to monitize your policy mistakes. But that shouldn't be an issue, unless you are commie scum.
They want “all the money in the world”...which was what five-year olds used to wish for when I was a kid, until someone explained to them that people would quit using money if they had it all....
This argument has been proven false numerous times.
The fact that we have lived in a perpetually inflating world - and always at the hands of politicians - has made some believe that this is some natural state of things.
The lie that deflation is somehow an awful catastrophe is perpetuated time and again, yet some of our healthiest markets have been the most plagued by deflation.
A precious metals backed currency is precisely what we had when all of those factories - that now stand in ruins across America - were originally built. Silver and gold backed the dollar, and it even said on each banknote such.
Paper money was only designed as a convenience so that people would not need to carry around actual precious metals... they represented an amount of gold or silver held in a vault that the bearer could demand at any moment.
Our problems started when the politicians took away the gold and silver and replaced it with... NOTHING. That was the robbery of the millenium.
Some of the arguments against an alternate currency are simply silly... that it would somehow be beholden to Islam or somesuch is utter nonsense. The owner of the gold would be YOU. Who actually mints it is no more important than who knits your sweater, once it is yours, it's yours.
Of course, the gold should be accessible to you at all times and NEVER subject to confiscation by a bankrupt government again.
Certificates would be necessary, but were the means to steal our gold and silver - actual gold or silver specie present problems of their own... beyond simply sweating, shaving and drilling, so a reliable system of certificates (banknotes) would be essential.
Ok, this thread is just more evidence that a lot of people on this site (namely the RP haters) probably don't even click on the OP link on threads having to do with Ron Paul. They just immediately line up for the bashing, name-calling, nastiness and hate for all things Ron Paul, in such a knee-jerk way.
In the video, he makes an important distinction between "globalism" in the sense of a global economy, free trade and a true free market.... and a "globalism" dictated by the WTO, IMF, world bank that is not about freedom but is artificial and manipulated. He clearly says that the latter type of globalism is what people SHOULD FEAR.
If you don't like Ron Paul on the issues, it's perfectly OK to disagree with him. But for crying out loud, at least be honest! The dishonesty and distortion here is truly appalling. And almost laughable in this particular thread, where you actually come up with a conspiracy theory that maybe he's an establishment guy in disguise, and they've just been fooling people for the last few decades. *roll eyes* And this is coming from people who chastise Paul supporters for being conspiracy theorists? lol!!
He didn’t say gold, he said gold backed global currency.
He said what he meant, a global currency. The inference that Americans shouldn’t fear it means he’s acknowledging America won’t control it.
Pretty simple, he’s a globalist. Where’s that in the Constitution? Where in the Constitution does it talk about subordinating America to the world? Seems I remember one section on treason.
See the post above - once you own the gold (certificate), it's yours. Who "controls" it matters as little as who controls your sweater. Look what has come of governments "controlling" fiat currency:
So you’re as nutty as all the paulbots
Article I, Section 8, Powers of Congress:
To regulate Commerce with foreign Nations, ...
To ... regulate the Value ... of foreign Coin, ...
To define and punish ... Offences against the Law of Nations;
Article II, Section 2, Powers of the President:
He shall have Power, by and with the Advice and Consent of the Senate, to make Treaties, provided two thirds of the Senators present concur;
And then of course, there's George Washington's thoughts on the matter:
Observe good faith and justice towards all nations; cultivate peace and harmony with all. ... In the execution of such a plan, nothing is more essential than that permanent, inveterate antipathies against particular nations, and passionate attachments for others, should be excluded; and that, in place of them, just and amicable feelings towards all should be cultivated. The nation which indulges towards another a habitual hatred or a habitual fondness is in some degree a slave. It is a slave to its animosity or to its affection, either of which is sufficient to lead it astray from its duty and its interest.
So likewise, a passionate attachment of one nation for another produces a variety of evils. Sympathy for the favorite nation, facilitating the illusion of an imaginary common interest in cases where no real common interest exists, and infusing into one the enmities of the other, betrays the former into a participation in the quarrels and wars of the latter without adequate inducement or justification. It leads also to concessions to the favorite nation of privileges denied to others which is apt doubly to injure the nation making the concessions; by unnecessarily parting with what ought to have been retained, and by exciting jealousy, ill-will, and a disposition to retaliate, in the parties from whom equal privileges are withheld. And it gives to ambitious, corrupted, or deluded citizens (who devote themselves to the favorite nation), facility to betray or sacrifice the interests of their own country, without odium, sometimes even with popularity; gilding, with the appearances of a virtuous sense of obligation, a commendable deference for public opinion, or a laudable zeal for public good, the base or foolish compliances of ambition, corruption, or infatuation.
Is that really all you’ve got? Seriously?
I don’t trust this loon any further than I could throw him. He’s a megalomaniac.
Well we used to have a gold/silver backed global currency .... the US dollar until that great and beloved US president LBJ killed it in 1968. Nice to see everyone cheering LBJ’s devaluing the dollar, the great and wonderful LBJ that built our Great Society of today.
ao you’re ok with submitting ourselves to the world, which will probably be the UN.
What more is needed. Anyone who still supports Ron Paul after all that we know of him is deluded and a waste of time. It might be different if you didn’t know what Ron Paul has done and said, but you do.
How does owning gold and being able to use it to buy things from anyone anywhere in the world mean that you're submitting to the UN? You're not making any sense.
what part of global currency are you having so much trouble with
FDR made the gut shot in 1931 and let it writhe in agony, until LBJ finally made the head shot in 1968.
"... Ron Paul stating there is nothing to fear from a global currency.... as long as it's backed by gold, of course."
if its a global currency how long do you think it will stay backed by gold? If its global someone is controlling it and making decisions, who are those people? By definition a global currency isn’t going to be focused on US interests.
Yet one more example of how loose his grip on reality is.
When you buy stock in Coca-Cola, you don't ask how long a share of Coca-Cola stock will be backed by the profits of the Coca-Cola Corporation. Likewise, you're not forced to buy their stock. The same considerations would apply to any issuer of a gold-backed currency.
You're assuming that people would necessarily be forced into using some hypothetical gold-backed global currency. The only reason the US government needs to force us to use the US dollar, and punish people who offer alternatives, is because there's NOTHING backing up the US dollar except a pile of IOUs held by the Fed. The same is not true of gold.
No, he said a gold backed global currency. He’s a soros backed globalist. Pretty simple
He’s not a globalist, except for the fact that he acknowledges the fact that we live in a global economy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.