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Ron Paul Explains His Plan For “Monetary Freedom” And Returning To The Gold Standard

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Zero Hedge
Tuesday, November 29, 2011

Ron Paul lays it out: “We know what to do - we did it once after the Civil War period, we went from a paper standard back to the gold standard, and the event wasn’t that dramatic. But today the big problem is that both the conservatives and liberals have an big apetite for big government for different reasons, therefore they need the Fed to tie them over and monetize the debt. So if you don’t get rid of that appetite it’s going to be more difficult, but the transition isn’t that difficult. You have to get your house in order; you have to balance the budget, you have to not run up debt, and you have to promise not to print any more money… I would like to have a transition period and just legalize gold money, gold and silver as legal tender, and work our way back… We want to legalize the use of gold and silver as the constitution dictates, rather than punishing the people who try to do that… I am quite convinced that the system we have will not be maintained – that’s what these last 4 years was all about, and that’s what the turmoil in Europe is all about.

The question is are they going to move toward a constitutional form of money. or are we going to go another step further into international money – instead of having an international gold standard based on the market, are we going to go toward a UN, IMF standard where they are going to control with the use of force another fiat standard. I consider that a very, very dangerous move.” And precisely due to that piece of phenomenal insight which nobody else in the GOP or Democratic roster is even parsecs away from grasping, is why Paul can never be allowed to be elected, why he must be mocked and ridiculed by a co-opted ADHD media which focuses on how many mistresses some other idiotic presidential candidates has, instead of focusing on the one person who grasps the big picture: the status quo can not be held accountable to a political leader who understand not only how the system is rigged, but why it is broken to begin with and that there actually is a way out. However, to the “status quo’s” chagrin, one that involves the wiping out of generations of plundered middle class wealth to keep the richest denizens of ‘extremistan’ ever richer.

 

This article was posted: Tuesday, November 29, 2011 at 3:57 am





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