I’m not sure how the gold standard works. What if Russia for example broiught all their gold out of hiding?
I think that it would be BRILLANT for Newt to come out and say that he would appoint Ron Paul to the Fed.
“Gingrich: U.S. should reconsider gold standard”
How about The Gold Band standard . Sorry , you walked into that one .
Ain’t gonna happen and he knows it. Just throwing meat into the gator hole.
Making a play for a piece of Paul’s 15%... interesting...
(May 3rd, 2011) South Carolina Gold and Silver Bills S. 862 (Senator Thomas) and H.4128 (Rep. Mike Pitts)
(June 27th, 2011) June 28th 1PM EST Press Conference Rotonda SC State House
- United State Senator Jim DeMint's US Senate Gold Bill Endorsed by South Carolina Sound Money Committee.
I fine it curious how many people believe the words that come out of Newts mouth. Newts just about the only person I know that has been on every side of every issue and means it.
Gingrich has a Nut side.
The problem is that too few Americans, today, really understand the role of money as a Medium Of Exchange.
William Flax
At least it would cut down on government counterfeiting.
I checked an app that compared the inflated values in dollars. Turns out that the dollar has lost about 6/7 of its value since I was born.
The statists oppose stable money under the gold standard because then the government won't be able to afford the socialist programs that are the source of their popularity with the parasites, that keeps them in power.
Top gold reserves: http://en.wikipedia.org/wiki/Gold_reserve
The data is a year old, but it gives you an idea what countries are well positioned in the future. Something to consider, there are countries on the list that are on the verge of going bankrupt. The US should position itself to “bailout” those countries by providing US dollars in exchange for gold, preferably below market price. I’ll take buying gold over welfare spending any day of the week and twice on Sundays.
Lots of good thinking in the replies to this post.
Kinda hard to ignore what the Constitution says on the matter but Congress did/does.
Even a precious metals standard where you couldn’t exchange your paper money for them would be a step in the right direction as it sets up a control to not spend more than you have but Congress always gets around that so you need the rule of law to throw these losers in prison when they try to get around the Constitution, including presidents.
So far Congress has everyone walking scot-free when they steal money and a fine doesn’t mean much when you steal more than you are fined...some punishment that is.