Where does Ron Paul say going back to a gold standard is bad because it's going to reward the bankers and coup leadership?
At 38 minutes he says the opposite. Some bitcoin doofus asks Ron Paul if he's worried about the fact that gold and silver can be stolen and Ron replies that the Hunt brothers cornered the silver market in the 70s and the free market took care of it.
If you think the "bankers and coup leadership" are hoarding gold with the idea of going to a gold standard you should be buying gold!
Slightly off topic but I want to scream whenever I hear some bitcoin idiot talk about the "disadvantages" of real assets, that it can get stolen, and it cost money to store, etc. Duh. That's because it's EFFING REAL!!!!!
I thought it was a particularly strong and revealing interview with Dr. Paul, especially in the beginning. No, he didn't specifically say that the gold should be repatriated, and I wasn't suggesting that he did, either, but we may draw inferences from history and the current day. Consider who owns the gold, and makes the gold financial markets, controls the largest holdings... CENTRAL BANKS. How did these Central Banks accumulate the largest holdings? How much gold do those individuals and families, being at the helm of financial power in some cases for HUNDREDS of years have stored in their secret holdings?
Our captured, mendacious, but elected government (no irony there, I am serious!) ordered the confiscation of our gold a very long time ago. 90 years. Then, they doubled the price, immediately ripping us all off, but that gold and many times over more gold with the modern mining techniques came to be held by BANKS and connected people, to the tune of what was REGULATED IN VALUE at $35/oz OR LESS now being "worth" over $2000/oz despite the fact there is MUCH MORE GOLD. CUI BONO? The BANKS.
Gold Standard was a good thing when the PEOPLE owned the gold. It was used in their hands. It was held by the people. Then, fractional reserve lending and political conspiracies took over the Bank of London, and the governments that matter most - UK, France, US. If you want to take a look at how it started, I suggest a work called Paper vs. Gold by William Cobbett who watched the beginnings of this play out with his own eyes, or the overview which contains MUCH info you won't see anywhere else - Barren Metal by E. Michael Jones.
The idea that a common man can somehow improve his lot by merely buying gold at this point does nothing but reinforce the broken and deleterious scam that already stole the gold away from us. They should redistribute it first. Otherwise, we're just putting a stamp of approval on their broad kleptocracy. Private Interests were allowed to corrupt and ruin Western Civilization. These private interests are predominantly of one stock which you may deduce for thineself. Good Day.
