Question about Ending the Fed and the Gold Standard.

[jcannon98188]

So lets say Dr. Paul wins (because we all know he will, so I don't know why I said let's say ) and he does end the Fed, and restores us to the gold standard. What happens to all of our current money? If we end the fed, then our federal reserve notes become worthless. Does anyone know what the plan for this is?

 

[Travlyr]

If Congress does not end the Fed, then the Fed will end itself. It will end when it inflates itself worthless, or it will end because their fiat can not compete with sound money.

"The Purse & The Sword" by Dr. Edwin Vieira Jr.

 

[LibertyEagle]

And then they probably will try to move us to a world currency.

 

[djruden]

Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. When you accept money in payment for your effort, you do so only on the conviction that you will exchange it for the product of the effort of others.

Money is not a 'federal reserve note' - that is just what the government forces us to use as a measure of our productive efforts. Without a forced system, people could be free to exchange whatever they want. Historically people have used Gold and Silver because of their objective value.