What Ron Paul had to say was happening in 2006

http://www.house.gov/paul/congrec/congrec2006/cr042506.htm



Meaning of the Gold Price-- Summation

A recent headline in the financial press announced that gold prices surged over concern that confrontation with Iran will further push oil prices higher. This may well reflect the current situation, but higher gold prices mainly reflect monetary expansion by the Federal Reserve. Dwelling on current events and their effect on gold prices reflects concern for symptoms rather than an understanding of the actual cause of these price increases. Without an enormous increase in the money supply over the past 35 years and a worldwide paper monetary system, this increase in the price of gold would not have occurred.

Certainly geo-political events in the Middle East under a gold standard would not alter its price, though they could affect the supply of oil and cause oil prices to rise. Only under conditions created by excessive paper money would one expect all or most prices to rise. This is a mere reflection of the devaluation of the dollar.

Particular things to remember:



If one endorses small government and maximum liberty, one must support commodity money.

One of the strongest restraints against unnecessary war is a gold standard.

Deficit financing by government is severely restricted by sound money.

The harmful effects of the business cycle are virtually eliminated with an honest gold standard.

Saving and thrift are encouraged by a gold standard; and discouraged by paper money.

Price inflation, with generally rising price levels, is characteristic of paper money. Reports that the consumer price index and the producer price index are rising are distractions: the real cause of inflation is the Fed’s creation of new money.

Interest rate manipulation by central bank helps the rich, the banks, the government, and the politicians.

Paper money permits the regressive inflation tax to be passed off on the poor and the middle class.

Speculative financial bubbles are characteristic of paper money-- not gold.

Paper money encourages economic and political chaos, which subsequently causes a search for scapegoats rather than blaming the central bank.

Dangerous protectionist measures frequently are implemented to compensate for the dislocations caused by fiat money.

Paper money, inflation, and the conditions they create contribute to the problems of illegal immigration.

The value of gold is remarkably stable.

The dollar price of gold reflects dollar depreciation.

Holding gold helps preserve and store wealth, but technically gold is not a true investment.



Since 2001 the dollar has been devalued by 60%.

In 1934 FDR devalued the dollar by 41%.

In 1971 Nixon devalued the dollar by 7.9%.

In 1973 Nixon devalued the dollar by 10%.

These were momentous monetary events, and every knowledgeable person worldwide paid close attention. Major changes were endured in 1979 and 1980 to save the dollar from disintegration. This involved a severe recession, interest rates over 21%, and general price inflation of 15%.

Today we face a 60% devaluation and counting, yet no one seems to care. It’s of greater significance than the three events mentioned above. And yet the one measurement that best reflects the degree of inflation, the Fed and our government deny us. Since March, M3 reporting has been discontinued. For starters, I’d like to see Congress demand that this report be resumed. I fully believe the American people and Congress are entitled to this information. Will we one day complain about false intelligence, as we have with the Iraq war? Will we complain about not having enough information to address monetary policy after it’s too late?

If ever there was a time to get a handle on what sound money is and what it means, that time is today.

Inflation, as exposed by high gold prices, transfers wealth from the middle class to the rich, as real wages decline while the salaries of CEOs, movie stars, and athletes skyrocket-- along with the profits of the military industrial complex, the oil industry, and other special interests.

A sharply rising gold price is a vote of “no confidence” in Congress’ ability to control the budget, the Fed’s ability to control the money supply, and the administration’s ability to bring stability to the Middle East.

Ultimately, the gold price is a measurement of trust in the currency and the politicians who run the country. It’s been that way for a long time, and is not about to change.

If we care about the financial system, the tax system, and the monumental debt we’re accumulating, we must start talking about the benefits and discipline that come only with a commodity standard of money-- money the government and central banks absolutely cannot create out of thin air.

Economic law dictates reform at some point. But should we wait until the dollar is 1/1,000 of an ounce of gold or 1/2,000 of an ounce of gold? The longer we wait, the more people suffer and the more difficult reforms become. Runaway inflation inevitably leads to political chaos, something numerous countries have suffered throughout the 20th century. The worst example of course was the German inflation of the 1920s that led to the rise of Hitler. Even the communist takeover of China was associated with runaway inflation brought on by Chinese Nationalists. The time for action is now, and it is up to the American people and the U.S. Congress to demand it.

good read miles

I'd like to see Obama debate this...

See what investors are being told now...

http://www.noirs.com/noirs/invest/




HAVE YOU THOUGHT ABOUT RISK? Right now it is possible that, "Not losing money is more important than making money."--LHH. But I think you can make money now with very little risk by using gold and silver. By calculation gold will go to $3,400 and silver will go to $208. That is the potential for gold and silver. Do not ignore it. Use it to make your savings and retirement money grow. Most gold experts agree that the risk in gold and silver is still very low right now. Also expect something like a 1929 style crash in the DJIA, if the economy gets really bad again. We already had a 1929 style crash in the NASDAQ back in 2000.

(1-6-09) BUY GOLD AND SILVER FOR THE LONG TERM NOW. CALL U.S. Gold & Silver Investments NOW AT 800-631-8292 OR 503-228-9553 AND ASK FOR Larry Heim to call you back.

(12-16-08) IMPORTANT! THE LATEST FED ACTION MEANS MONEY CREATION. GOLD AND SILVER SHOULD MOVE UPWARD BECAUSE OF THE FED ACTION. I REPEAT, IF YOU HAVE MONEY (SAVINGS AND RETIREMENT MONEY AND OTHER INVESTMENTS) PUT AT LEAST 30% INTO GOLD AND SILVER NOW! CALL U.S. Gold & Silver Investments NOW AT 800-631-8292 OR 503-228-9553 AND ASK FOR Larry Heim to call you back.

(12-10-08) Buy gold and silver. An important change is happening with silver. Call us to find out what is going on. Everyone wants money (cash) so be careful where you put it. Gold and silver are better than money (cash). If you have it (cash), invest it in something that has a good outlook. Do you have any idea what the outlook is for the economy, stocks, bonds, real estate, or even Credit Default Swaps? Does anyone have any idea how many dollars are involved in Credit Default Swaps? $600 trillion? If that is the number, it is more money than there are grains of sand in this world. Also, as we have been saying, gold and silver are starting to show some positive action. What else can you really count on? Buy gold and silver for the long term. Call us.

(10-28-08) We had a big up day in the DJIA today of almost 900 points. Expections of an interest rate cut by the FED seemed to be the main factor for the buying. But it may be that there are just a lot fewer sellers today. Gold and silver should show some positive action. Buy gold and silver for the long term. Call us.

(10-27-08) We still have a financial mess around the world. Buy gold and silver for the long term. Call us.

(10-20-08) Warning! Did you read about risk in the paragraph above? We have a financial mess around the world. If you have substantial assets, it is very important that you call U.S. Gold & Silver at 503-228-9553 or 800-631-8292 NOW and ask what you should do to protect those assets.

(10-8-08) THE BAILOUT DID HAPPEN.

(10-2-08) THE BAILOUT WILL HAPPEN. MONEY IS BEING CREATED. THE WAR ON TERROR IS NOT OVER. THIS IS A BUYING OPPORTUNITY. In the long term, the only thing that matters (for gold and silver prices) is how much paper money is being created. And massive amounts are being created. Look at the deficit of about one-half of a trillion dollars. Now that is real money creation. DO IT NOW! PUT A MINIMUM OF 30% OF ALL YOUR ASSETS INTO GOLD AND SILVER NOW - ESPECIALLY SILVER. THIS IS NOT A TIME TO SELL GOLD OR SILVER! THIS IS A TIME TO BUY GOLD AND SILVER. Gold and silver prices are down. When prices are down on an investment that you like, you should BUY not SELL. A few months from now this will look like a SUPER buying opportunity. Plus see 6-9-08.

(6-9-08) The price of oil is going crazy. Watch for government or regulatory intervention. I have no idea when or if sanity will return to the oil market. MEANWHILE, WE STILL HAVE A BUYING OPPORTUNITY EVEN THOUGH GOLD AND SILVER HAVE MOVED SHARPLY HIGHER. Get your gold and silver buying done NOW. Call U.S. Gold & Silver at 800-631-8292 or 503-228-9553 and get the answers you need and make your purchases.

(6-5-08) IMPORTANT! WE HAVE A BUYING OPPORTUNITY. Get your gold and silver buying done NOW. Call U.S. Gold & Silver at 800-631-8292 or 503-228-9553 and get the answers you need and make your purchases. Remember, put at least 30% of your assets into gold and silver; the rest should be in 90 day Treasury Bills. Remember too, the potential for gold is to go to $3,400 per ounce and silver should go to $208 per ounce. That is about 4 times your money for gold and about 12 times your money for silver.

(2-20-07) Buy silver and gold -- especially silver.

IMPORTANT! Please call U.S. Gold & Silver at 503-228-9553 or 800-631-8292 and ask about a special situation on silver right now. This potential profit opportunity is rare and never lasts long. Remember silver has the potential to go to $208 per ounce based on a simple calculation.

Talk by Chinese officials that they may diversify some of China's $700 billion in U.S. dollar assets can give a positive bias to gold and silver prices.

Gold and silver are still a super buy for the next few years. It is a long way up to my predicted prices of $3,400 for gold and $208 for silver. It is still a buying opportunity! Have you got your full position in gold? Maybe it is time that you finished your buying of gold and silver to take advantage of the big potential price rise for those metals in the years ahead.

The long-term move up in the price of gold and silver is your friend. The move up to the calculated $3,400 per ounce can resume at any time. Make use of the current pause to put at least 30% of your assets into gold and silver. Put the rest of your money into short-term T-bills. After you do this you can sit back, relax, and enjoy life.

(7-23-02) I told you it would happen. Back on February 22, 2000 I posted on this site the message that we were going to have a 1929-style stock market collapse. About 2 1/2 weeks later on March 10, 2000, the NASDAQ hit its all-time record high of about 5150 and then collapsed. I then posted goals for the NASDAQ on the downside, all of which have been hit. About 1 1/3 years ago in March of 2001 I gave my last goal for the NASDAQ of 1250 and below in the CRASH report. When I first said the NASDAQ would go to 1250 and below, no one believed me. Well, the NASDAQ closed at 1229.05 today (7-23-02), well below my predicted 1250 number. I told you so! Earnings do count in the final analysis. By the way the NASDAQ is down about 76%.

(6-24-02) Use lower prices for gold and silver as a buying opportunity. Remember, gold and silver will be the next big bull market. Don't wait! Get your buying of gold and silver done now! CALL US AT 800-631-8292 OR 503-228-9553 and place your order now. You should be out of stocks, bonds and investment real estate. You should consider hedging your home equity too.

(6-2-00) Remember, things always look great at the top of an economic cycle and the top in the stock market. The stock market collapse is not over. In fact, as I said back on 1-18-00, the DJIA probably put its top in place when it reached 11,750.28. The DJIA can go higher, but it should not. Any future rally in stocks should be viewed as a selling opportunity. You should be out of the stock market (this includes mutual funds) and you should have at least 30% of your assets in gold and silver bullion coins. Even better, use as much as 90% of assets in gold and silver. It all relates to risk and reward. There are massive potential losses ahead in stocks and massive gains ahead in gold and silver. Remember, in 1929 no one jumped out of a window because they had a lot of gold and silver coins. In fact, the opposite was true. Those who had gold and silver coins felt very secure in a time of great losses, turmoil and distress.

There has been a surge of commercials in this area, for a couple places "begging" for your gold.

They assure you they will pay better much better than "those other places."

A few weeks ago when I hear the first one, I wondered who was behind it, now there are several.

QuickStepper made the suggestion that NOW is the time people can take advantage of opportunity and make good money.

Could this be the opportunity? To pay a deflated amount in paper money, to those who are struggling to keep their vehicles from reposession, their homes from forclosure, their power from disconnection?

I have just one question, does anyone have the slightest idea HOW we could possibly revert back to a gold standard without world depression, much less, maintain any semblence of military defence?

What do we have now?

World economic crisis and massacres on several fronts. All reverting back to a Gold Standard would do is expose how fallible Globalism truly is.

Then we do what anyone else who went from prosperous to broke should do. Tighten our belts, stop spending what we don't have and start paying off our debt.

Ron Paul: Why do we run an empire?!

http://www.youtube.com/watch?v=HUQo5QQSlys&eurl=http://www.lewrockwell.com/blog/lewrw/archives/024759.html

No, of course. My money should be spent on what I want or need, not any other people.

I am a helpful guy, so I would give to charity, that will see to it that orphants are taken care of and are given some sort of education.

But, considering taxation, my view is that, people's money are being forcefully extorted to pay for other people's kids, among other things.

There can not be anything good from forceful submission, as evidently there isn't. Education in US is not even as good as in less powerful countries. This is the consequence of the nature of school funds being a product of theft.

What does all this has to do with 1964, handicapped and women and....whatever the hell else, but the marriage rights?

I really do believe that there should have never been anything FEDERAL, except as provided in Constitution.

I am not offended at all, that you have found my quest for morality being absurd. It's a lost cause. Nobody cares about morality anymore. I am aware of that.

The reality is such that anything can be rewound. But as long as people perceive the current "justice" to be set in stone, then all we have left to do is to wiggle on the frying pan.

Why are you accusing me of allowing "oppression, prejudice, and discrimination" in order not to pay more? What are you referring to?

Again, what is this "would deny others their human rights in this matter" accusation is all about. Do you think it is your "human right" to have me pay for savings that would result from the state having to handle some personal arrangements between and in favor of only you, and a person of your choosing?

Perhaps we should stick to proving that above is indeed a human right. I am struggling to understand. You even bring up the 1964, supposedly to show that no one should have rights on another human being, except, apparently, when people form marital unions. Immediately, they began to own everyone else.

Suppose, that I do not ever want to marry. How is this system benefiting me?

On other points you bring up, namely, practicality of righting wrong with right, it seems then that you could justify say, oh, let us magnify to clarify the distinctions and commonalities, the fight to give you a right to receive a trillion dollars from the treasury. Since it won't change what I already pay, why not?

If I was him, I wouldn't. People do not want to debate anything. They want their fix, like a spoiled child wants his toy. Now,now,now Mommy.

I like the way it is being put:

People struggle to keep their vehicles, homes, utilities.

How can an addict quit? He is struggling to obtain another fix, and to keep the high he had already paid for.

Grandiose words of yesterday, certainly do not fit what qualifies for humans today.

Tighten our belts: Did that...CHECK,
Stop spending what we don't have: Did that ....CHECK
Start paying off our debt: Done paid off everything.....cHECK

I did all this 3 years ago when I saw the sh$t hitting the fan. And I am no genius. Why do I still not feel all that secure?

No steady Jobs

Boo, you did as every responsible American should. I am in the process of closing up some loose ends, and budgeting myself...




I think it is important to ask the right questions in this matter.

Why are there no steady jobs?

Why did the banks loan so much money at such a high risk?

More importantly:

Why does our government pay interest to a private organization in order to use it's own money? Especially since that private corporation sets the interest rates...

The system is broken.... Let me explain:

Lets say even 30% of the population payed off their loans. What would happen is the entire economy would crash because our system is all debt based. If no one takes our loans there is no money.

That is because the bank has very little money. Lets say $1,000 was given to a bank from the federal reserve in the form of dollar bills. The bank now has permission to loan $10,000 to an individual who buys a car. Then someone takes that $10,000 check and deposits it in that same bank. The bank can now loan out $9,000 of that ten thousand to the next person and so on. Therefore the bank ultimately loans out almost $100,000 after the federal reserve just gave them $1,000.

Basically when you take out a loan, you sign a pledge offering to pay interest and/or colateral in the event the interest payments cannot be made. Basically the only thing worth any sort of money in a bank transaction is the pledge you sign because it is backed up by your personal property.

The world's economy will crash, it is a mathmatical certainty. We need a steadily increasing debt to prevent this, and the problem is the debt is growing exponentially faster than the resourses are being produced.

So Fiat money = bad idea.
Our current system of banking = bad idea.

The world needs to work on both issues, not just the U.S. It's too bad our schools don't teach these things to students. Thank you department of education...

Drivinmenutz,

I enjoyed your post just above. If you do not mind, I'd like to add few things. I am not sure, if you'd agree, but this is what I know.

We print money out of nothing. It is not like we have a small amount of money to begin with, we start with nothing.

Imagine yourself sitting at home with no money. You could cut up a piece of paper and write $100 on it of course, but that wouldn't be nice. Everyone would know you're just making fake money. (Forget about legalities for a moment, because you'd build the legal framework later).

So, what to do? What if you asked your friend to make the money, loan it to you, and in turn, you'd write a debt note, stating that you have borrowed $100 from him?

Super. Now you "didn't really" made anything. You have exchanged your debt note for a $100 bill, and your friend did exactly opposite. You both are respectable citizens.

You, can now go and spend the money, while your friend can't. Some friend, huh? Where would you find a friend like this? Bingo! You create him.

So, the more money you "borrow", the more debt notes he has on you. What does your debt matter to you? Nothing really. In fact, since you aren't going to pay your debt anytime soon, you can even agree to pay him an interest on it (which he has to return to you anyway, since you have created him as an entity.

Your debt is simply a reflection of how much you have printed so far. That is why it doesn't matter. If it wasn't there, then all the folks around you would have started shouting "Not fair! You're fake!". So, that is why the debt is there, to calm them down. It sort of creates the illusion that your money did came from somewhere.

And this, as Drivinmenutz can attest, is only the beginning.

Has anybody ever heard of Pat Kiley's radio show "Follow the Money"? He can be heard Mondays at 7pm central at wwcr.com (world wide christian radio). He has mentioned that there may be a gold confiscation like they did in the 30's. Where is your money safe? Anyone ever catch Gerald Celente on Coast to Coast? Any Coast listeners at all? George Noory supported Ron Paul and he gets the best guests of ANY mainstream radio. Except maybe Amy Goodman (who is left leaning and supports UN), but she is still good info.

Great posts, Driven and Nogames.

As for the post about Noory. I listen to him from time to time, but I lean towards Alex Jones, who has been a guest on Noory's show, in fact, they've done a few simulcasts in the last year or two.

Yes, I too enjoy both Alex and George.

You know, I think they do follow long established tradition of making fools of themselves, so that they are looked at as crazies, and as a consequence, are allowed to exist.

How else can you explain both of them doing few programs with complete nuts, and then doing one that deserves to be recorded and put in archive, then nuts again?

I've wondered that, but here recently Alex has been getting some pretty good guests. The thing he did with Willie Nelson and Jesse Ventura was awesome.

Ron Paul Seeks To Block Congressional Pay Rip-Off

With Harry Mitchell, a Democrat from Arizona, Ron has once again introduced a bill to stop the 2010 automatic congressional pay increase. Notes Ron: "Turning down our automatic pay increase this year is the least Congress could do to demonstrate fiscal responsibility and solidarity with our constituents in these tough economic times. Much more needs to be done to reduce the size and expense of government, but passing this legislation would be a start."

http://www.fortbendnow.com/2009/01/08/34643

Ron Paul: The Solution is to Live Within Our Means


Congressman Paul appeared on Your World w/ Neil Cavuto with Freedomworks' **** Armey on Thursday to discuss why the federal government cannot spend its way out of the economic crisis with President-elect Obama's new stimulus package.


http://www.youtube.com/watch?v=POgNcP9h_k0&eurl=http://www.campaignforliberty.com/

Stimulating Our Way to Rock Bottom
by Ron Paul

With attention turning to the next big economic stimulus package, questions are still swirling about our economic troubles. How did we get here? How do we get out? As usual, Washington has all the wrong answers. According to many politicians, we got here by not spending enough, not consuming enough, and not regulating enough. Now government, like some mythical white knight, is going to ride in to save the day by blanketing the economy with dollars, hiring an army of new bureaucrats, creating make-work jobs, and sending everyone some form of a bailout check. The debate seems to focus on whether this will cost enough to save the economy, or if this is just a “down payment” with much more government spending to come. Talk like that would be comical, if the results weren’t going to be so tragic.

The results will be worsening economic woes until we learn our lesson. But instead Congress is behaving like drug addicts who must hit rock bottom before they are ready to face reality. They are playing foolish games with the economy now because they are thinking only of political expedience. This talk of job creation is a perfect example.

Contrary to the belief of many, the goal of the economy is not job creation. Jobs can be a sign of a healthy economy, as a high energy level can be a sign of a healthy body. But just as unhealthy substances can artificially give the addict that burst of energy that has nothing to do with health, artificially created jobs just exacerbate our problems. The goal of a healthy economy is productivity. Jobs are a positive outcome of that. A “job” could be to dig a hole one day, and fill it back up the next, or perhaps the equivalent at a desk. This does no one any good. But the value in that paycheck ultimately has to come from taxing someone productive. Some think this round-robin type of economic model is supposed to get us somewhere.

Politicians and bureaucrats have already done their fair share to ensure that jobs in the private sector are prohibitively complicated and expensive to create. They are now shocked that the economy is shedding jobs, and want to simply create hundreds of thousands of jobs to make up for the job losses, through another so-called economic stimulus package. The private sector must be permitted to do that, but instead they are massively burdened with taxes and webs of red tape and regulation. Washington’s band-aids will only prolong this agony. The Austrian school of economics teaches that only a free market economy, unencumbered by onerous government controls, creates long-term prosperity. Politicians, however, tend to be notoriously short-sighted.

I am left with these questions – who is going to be left standing to tax in the private sector to pay for all these public sector make-work jobs? Is Washington really to be considered some sort of savior for creating unproductive jobs in place of the productive jobs they eliminated?

We are at an economic dead-end and those in power are in denial. The truth is, our economic problems are due to loose monetary policy, central economic planning, and the parasitic expenses of government. Unless we assess these problems honestly, we unfortunately have a long way to go until, like the junkie, we hit rock bottom.

Listen to Ron Paul.

http://www.lewrockwell.com/paul/paul502.html