[RandFan]

A very cryptic Op-Ed from Sen. Rand Paul here.

What do you think of it?

[eyeamok]

Gold is the Money of Kings
Silver is the Money of Gentlemen
Barter is the Money of peasants
and DEBT is the Money of Slaves

[BenLurkin]

he is predicting fiscal SMOD

[Responsibility2nd]

“A Government that is big enough to give everything you need and want is also strong enough to take it away.”

~ Gerald Ford

[Rockingham]

Rand Paul is a gold bug. And he does not understand the nature of money and wealth in a modern economy.

[Vermont Lt]

You think that’s cryptic? Seems pretty obvious to me.

[babble-on]

Put the crack pipe down, step away from the gold bars

[CJ Wolf]

BFL

[captain_dave]

Money is a non-physical something, perhaps akin to energy and life, that we use to represent and value the wealth we create.

Gold and silver are ancient representations for money
Paper certificates were a representation of gold and silver money
Paper notes are a representation of faith and trust

Gold and paper can both fail if the supply of money rapidly increases compared to the wealth the people create. Spain experienced inflation when they imported gold and silver from the Americas. Governments can more easily manipulate paper and probably always will because it’s too tempting and too easy to do.

[Mr. Jeeves]

“Gold is money. Everything else is credit.” — J.P. Morgan

[Grandpa Drudge]

And I just heard one of the Karl Marx followers whisper "We must have a jubilee, to restore equality!"

[trebb]

Nothing cryptic about it - money used to be backed by something of actual value and paper and coin was a representation of that commodity - today it is an illusion.