Hope and Change
Rep. Ron Paul, the Texas Republican who has passionately called for dismantling the Federal Reserve, will be running the panel that oversees the central bank when Republicans take the House majority next year.
I can hear the glee of the wookie-suiters.
December 9th, 2010 at 3:55 pm
Lets see if he starts to sing a different tune once he is in charge.
December 9th, 2010 at 3:58 pm
“I can hear the glee of the wookie-suiters.”
Does that mean that a Star Wars Christmas came early this year?
December 9th, 2010 at 4:15 pm
Honestly, I wonder if he’ll make it that long, or if something … unfortunate will happen before then.
December 9th, 2010 at 4:28 pm
I’m with Paul up there. I see Ron Paul all of a sudden finding Fed Jesus.
December 9th, 2010 at 4:45 pm
I expect it will be entertaining at least.
December 9th, 2010 at 5:11 pm
Paul, Robb Allen:
Really? Do you know anything about Ron Paul at all? He’s going to spend his life sticking to his principles come hell or highwater then suddenly have a change of heart when put in charge of the organization he so much despises?
What in the world would you base that on?
December 9th, 2010 at 5:18 pm
While I agree with Ron that no government agency should be beyond an audit, just what does he think will happen to the world economy if we go back to the Au standard?
December 9th, 2010 at 6:32 pm
I doubt if Ron Paul could force us back onto the gold standard. If he did, and we took the total outstanding dollars and divided that by how much gold the US was holding, there would be heck to pay.
Still, it’s right there in the Constitution, gold and silver only. So let’s all put on our big boy pants, do the right thing, and get the ball rolling on a Constitutional Amendment. It’s the right thing to do and I can’t see any serious opposition to this out there.
While we’re at it we should specifically declare that Fed, State, and Local can’t confiscate, tax, or restrict the ownership of gold, or the conversion of dollars into gold or vice versa. That’s to keep them honest with the fiat currency.
December 9th, 2010 at 6:49 pm
Honesty in government= oxymoron. Maybe Paul can get things headed in the right track but we may be too far down the wrong track and still be facing a couple of decade at best restart for the USA. If that happens it might take the rest of the world a good half century to restart. Whatever happens expect things to get pretty darn desperate before it gets any better. If I and a lot of others are wrong at least you’ll be ahead when we see the light at the end of the tunnel. Well, as long as it isn’t the light you see when you die. If anyone can move things in the right direction it will be someone like Ron Paul. I’m not on Paul’s band wagon but I would love to see at lot more sticking to their principles and actually understand the word ethics.
December 9th, 2010 at 7:31 pm
This sounds too good to be true.
But I will happily take it.
December 9th, 2010 at 7:32 pm
Ron Paul better watch his back…and his side and front…and stay out of planes. JFK signed an exective order in June 1963 for the U.S. Treasury to issue United States Notes backed by silver. The currency was to be issued in $2, $5,$10 and $20 denominations. The 2’s and 5’s were issued (I have some) Had this continued the Fed and their Federal Reserve Notes would’ve been phased out in the United States, but the bankers couldn’t have that. Immediately after JFK’s assassination, that executive order action was halted and our fiat paper money returned to being issued by the private, international banking cartel.
“History records that the money changers have used every form of abuse, intrigue, deceit, AND VIOLENT MEANS possible to maintain their control over
governments by controlling money and its issuance.” -James Madison
December 9th, 2010 at 8:21 pm
Standard Mischief wrote:
I doubt if Ron Paul could force us back onto the gold standard. If he did, and we took the total outstanding dollars and divided that by how much gold the US was holding, there would be heck to pay.
Still, it’s right there in the Constitution, gold and silver only.
Where?
December 9th, 2010 at 8:36 pm
for 55 years I have seen one politician after another head into the pit to tame the lion only to have them come out and say there is no lion.
I like Ron Paul and I hope he makes good on his desire to kill the fed.
I hope he is different, but I won’t be surprised if he is not.
December 9th, 2010 at 10:24 pm
“Where?”
Article 1, Sec 10: No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts;
December 10th, 2010 at 12:15 am
Ah, it says “No State shall… make any Thing
but gold and silver Coin a Tender in Payment of Debts..”
So the States can’t coin money, and they can’t accept anything but gold and silver currency.
Wanna give us your interpretation of that passage in light of today’s creeping Federalism, John Farrier?
December 10th, 2010 at 12:16 am
I, for one, would be shocked if he is more of the same.
December 10th, 2010 at 1:37 am
I’ve never thought of this passage in that way, but it would appear that you have an argument.
December 10th, 2010 at 9:04 am
Mischief, I think you’re not reading that right. It says “No STATE shal . . . MAKE any Thing but gold and silver coin a Tender in Payment of Debts.”
First, this clause is only binding on the STATES. The federal government is free to make other things a tender in payment of debts. You may note that the bills in your wallet say “Legal Tender for all debts public and private”. That’s from memory, so forgive me if I’m off a bit.
Second, the word is “MAKE”, not “ACCEPT”. The state cannot mandate tax payments in bussels of corn and wheat, but it can accept that if it so chooses.
-cliff
December 10th, 2010 at 9:06 am
ARROOOOOOOOOOOWOOOGH!
*shakes bowcaster*
December 10th, 2010 at 9:44 am
The Federal Reserve co-existed, albeit uneasily, with a (defiled) gold standard for 20 years, and with gold-specie convertibility for almost 50 years. Millions died, of course. Wizard of oz. and all that.
Tell you what: right after the Fed passes the Ron Paul audit, I’ll let them dictate metals policy to me. First things first. Roentgenium may be carcinogenic.
You use fiat money to buy a Chrysler, right?
December 10th, 2010 at 10:06 am
You all really want to go back to that part of US history that few study, between the wars (Rebellion and Great)? You think the 1930’s depression was bad? Nobody ever remembers the BAD parts of a gold standard, and only concentrate on the happy-fun-utopia side. They gloss over the wild inflation and deflation moves. Remember the 1970s inflation? Cakewalk compared to the past.
December 10th, 2010 at 10:23 am
Actually, I know Ron Paul quite well and even supported him during his run for POTUS.
I’ve seen his sticking to his principles. Still looks a lot like a politician to me.
Feel free to put all your faith in THE ONE MAN WHO CAN SAVE AMERICA!!! I have less faith in single person solutions.
December 10th, 2010 at 4:29 pm
As much as I like Ron Paul, he’s been a politician for a long time and as with all politicians I’ll believe he means what he says when he backs up his rhetoric with actions.
Bullshit talks, actions walk.
December 10th, 2010 at 8:36 pm
Besides the fact that I don’t have to fetch gold or silver coins to pay the state sales tax with, I’d like to remind you that the Constitution grants the Federal government specific rights, among which is not the right to create a “Federal” “Reserve”.
We’ve had “housekeeping” amendments before, I don’t see any reason why we can’t amend things to allow for say, the Air Force.
And for the record, I’m not a “gold standard” proponent.
December 10th, 2010 at 10:47 pm
Standard Mischief,
The Federal Government has NO rights, only “delegated powers” from the States and ultimately the people who have RIGHTS according to the wording of the 10th Amendment:
“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the People.”
“We the people” declare our God-given rights and delegate powers to our government. The greater authority always delegates to the lesser authority.
December 10th, 2010 at 10:58 pm
But Standard Mischief you are correct, there is NO delegated power for the Federal Government to give over the issuance of currency, i.e. “To coin Money and regulate the Value thereof” (Article I, Section 8.5)
That is one of the few delegated powers of the Federal Government which is also prohibited to the States so that there would be uniformly valued money among “the several States”.
Therefore to hand that delegated power over to a private and, in part, international banking cartel is strictly unconstitutional.