InquiryLabs
Politics, Programming and Possibilities
Ron Paul and the U.S. Dollar
Author: Duane Johnson2 Aug
CurrencyTrading.net has a thoughtful article on what a Ron Paul presidency would do to the U.S. dollar. The author, Jessica Hupp, weighs the risks and benefits and concludes that a move to a commodity or gold standard would be the right move in the long run.
I agree that our dollar is “on shaky ground” and that we may have some choppy times ahead, with or without the kinds of reforms that Ron Paul has advocated for 25 years. If you’re aware of the ways in which the U.S. economy is currently shifting downward, then you may feel like I do that change is inevitable. Therefore, an intentional switch back to the gold standard (with all of its short-term risks) would be far better than ignoring the fundamental problems in the economy.
If you’re curious about Ron Paul and his views on the economy, I invite you to read the aforementioned article. Taking it a step further, you might also be interested in the liberty dollar which I recently started “investing” in. I think of it as an investment in a philosophy as well as a commodity.
3 Responses for "Ron Paul and the U.S. Dollar"
[...] Wesley Clark Contact the Webmaster Link to Article ron paul Ron Paul and the U.S. Dollar » Posted at Going Up on Thursday, August 02, 2007 CurrencyTrading.net has a thoughtful article on what a Ron Paul presidency would do to the U.S. dollar … ground” and that we may have some choppy times ahead, with or without the kinds of reforms that Ron Paul … the fundamental problems in the economy. If you’re curious about Ron Paul and his views View Original Article » [...]
Interesting article, thanks for the link. What is a bit misleading though is that the article approaches the gold standard issue as if Ron Paul as King would decree it.
Instead, Paul is advocating a market based transition beginning simply with a repeal of or amendment to legal tender law that would allow gold and silver to circulate as money and compete with the dollar.
Those participants in the economy who chose to accept both dollars and hard money would of course have to have a conversion just as many border states do. Magazines for example are often priced in Canadian dollars and US dollars.
The market would determine the extent to which and the pace at which the transition to hard money occured. Of course the competition would eventually either force the FED to be more honest with the printing press or would expose the USD (and other fiat currencies).
Wake up America! Educate yourself! If you want to know why Ron Paul wants to get rid of the Federal Reserve and the IRS, visit http://www.freedomtofascism.com and check out Aaron Russo’s documentary, “America, From Freedom To Fascism” Bulk order it for $1.25 each and send it to your non-computer literate baby boomer friends, heck, all of your friends and relatives!
WE THE PEOPLE need to take back our Republic!
(BTW, I’m 62 years old)
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