Posted on 01/24/2012 9:42:36 PM PST by upsdriver
Go Newt!!
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To create jobs and growth in this country, we must start with dramatic tax reform that lowers taxes and maximizes capital investment and job creation. We must return to a dollar as good as gold whose purchasing power is the same in thirty years as it is today. We must dramatically expand American energy production. We must have smarter regulation at the same time we abolish destructive and costly regulatory systems beginning with Obamacare,Dodd-Franks, and Sarbanes-Oxley.
His condemntations of Obama were equally specific.
“We can grow our way out of debt. Such is the power of the American economic system.”
I’m with you. We have an abundance of natural resources that can be used as wealth multipliers. Some people, though, are invested in defeat, and their day wouldn’t be complete unless they could find something to cry about and feel depressed.
“All the gold in the world is only worth around $15 trillion or so.
“Not enough to back our debt, much less our annual gdp.”
At what price? There will always be enough gold to back the currency, just as long as the price of gold is free to rise. The cheaper the paper currency, the more the price of gold rises. That is why the so-called “gold bugs” keep buying gold; they know that as long as governments keep printing money, the price of gold will keep going up.
I'm counting on the Mr Newt of congressional days. If that Newt shows up, we'll do just fine.
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