Apparently, his point of view is located somewhere in the late 1800’s, before the creation of the Federal Reserve and the events of the 20th century.
Regarding the whole Federal reserve and the fiat money situation. It is really simpler than people realize. Our whole 21st century society is an artifact, a construction of men’s minds. Without the monetary system in place today, 21st century society would be impossible, and life would be intolerable for the vast majority of people - the only direct beneficiary to the elimination of the Federal Reserve and fiat money would be 9th century Islam - that is one of their stated goals.
Ron Paul does not understand the threat caused by a political philosophy that desires to destroy the artifact of modern society - think not? Check out his position on fighting radical Islam. He seems to think that radical Islam was created by US. It has been around for a thousand years, but he has just discovered it, and it is apparently OUR fault.
That point alone disqualifies him as a serious candidate.
In fact, his complete misunderstanding of the international situation and the world we must live in today is enough to disqualify him as a danger to our own country. He should not even be a Congressman with the lack of understanding of the real world we live in that he displays.
The part that should concern all is that his supporters know even less about the world and our society than he does - they claim he makes sense.
He is good for comic relief, though.
Apparently, his point of view is located somewhere in the late 1800’s, before the creation of the Federal Reserve and the events of the 20th century.
Regarding the whole Federal reserve and the fiat money situation. It is really simpler than people realize. Our whole 21st century society is an artifact, a construction of men’s minds. Without the monetary system in place today, 21st century society would be impossible, and life would be intolerable for the vast majority of people - the only direct beneficiary to the elimination of the Federal Reserve and fiat money would be 9th century Islam - that is one of their stated goals.*****
You show a complete lack of understanding of monetary systems if you think our current federal reserve is necessary or even a good thing. Having a gold standard does not mean returning to a specie currency.
Alan Greenspan in his younger years was a gold bug and even spoke well of it when he was head of the fed. Many god bugs hoped that when Alan Greenspan became the fed chairman, that he would at least target gold. But power went to his head and that is why we have all these bubbles and busts.
This country was on a gold standard from its beginning until the early 30’s. At that time, FDR confiscated all the US gold and put us on a quasi gold standard. Richard Nixon finally closed the gold window in the early 70’s. There was virtually no inflation in this country over an extended period of time, until we went off the gold standard. And even in the 40’s, you could get a home loan for about 3-4%.
If you want to understand how a gold standard keeps the value of our money constant go to the supply side forum. They have Jude Wanniski’s writings there and look for “Polaris” or “Gold Polaris”. It is a fairly short paper and is written in normal every day terms.
****Ron Paul does not understand the threat caused by a political philosophy that desires to destroy the artifact of modern society - think not? Check out his position on fighting radical Islam. He seems to think that radical Islam was created by US. It has been around for a thousand years, but he has just discovered it, and it is apparently OUR fault.*****
Well, it is more of a religious philosophy. Do you think Ron Paul is unaware of the Crusades and the reason for them? All he says is that “one” of the reasons, not the only reason, they attacked the WTC was because of our being in the middle east, in the holiest of Muslim lands. This was specifically stated in OBL’s call for a jihad.
****That point alone disqualifies him as a serious candidate.***
Only to those that don’t understand or have a complete misconception of the issue.
***The part that should concern all is that his supporters know even less about the world and our society than he does - they claim he makes sense.****
That is really good. In the first part of your post, you showed a completely lack of knowledge of monetary policy and systems, but you know more about the world than I do.
I do give you credit because you didn’t just say Ron Paul was an idiot and walk away as most Paul haters do. You tried to make some cognizant arguments, but you failed.
How would eliminating the Fed destroy our society? I’m just asking; I’m not an economist.