Money Masters vs. Ron's Gold Standard

[TruthLiberates]

I agree but I'm not sure such a system is possible

Maybe it could work in the USA but here in the UK we are screwed. Our government sold 1/3 of our gold reserves back in 1997 for $250 oz!!!!!

If there was a return to a gold standard here, it would bankrupt the whole economy. I think we have about 200 tons of gold in reserve in the UK

Whatever, my girlfriend is American, from Oregon and I want to be with her. I'm seriously considering a move to the USA.

The UK is screwed. The totalitarians have already destroyed the freedom and liberty of the British people. We've been asleep at the wheel for decades. The UK will be a third world country in 10 years time

Is it because UK joined the EU?

 

[GreyBlood]

I myself am a fan of bimetallism. and little gov't intervention. if business put out 10 dollar silver certificates and don't have the silver to back it up, they will go to prison. if they lie about the purity and weight (hence, value) then they will go to prison. other than that, private business can put out their own currency. maybe they could use them for advertising. like "Watch NBC" or Walmart could put out their own money and say, "use our money at our store and get 10% off".

 

[EvoPro]

This is one thing that confuses me: Does the government finance most it's spending through Fiat printing or borrowing from china? Does printing add to the US debt?

 

[LibertyEagle]

Yes
Yes
Yes

But printing money does more than that. Every additional dollar that goes into circulation, makes each one already in existence worth less. Hence, inflation.

 

[Shmuel Spade]

I advocate a complete separation of money and state. Society (and by extension the world) doesn't need the state to provide money any more than it needs it to provide sandwiches, shoes, toothbrushes, buckets, medicine, or anything else.

The solution is to stop listening to the money cranks like the Money Masters folks, and start reading Mises, Rothbard, Hazlitt, Reisman, de Soto, and even dare I say it… Ron Paul.

What Has Government Done to Our Money? is the quintessential book to demonstrate this. Approaching that work is the sine qua non for having any kind of monetary understanding when it comes to making economic sense, and understanding Ron Paul.

 

[Bradley in DC]

And Hayek, and Dowd, and Shuler, and White, and Selgin, and many others!