Ron Paul: "Nothing to fear from global currency" (C-SPAN 3/13/2001)

YouTube ^ | Aug 19, 2011 | C-Span

[mvpel]

ao you’re ok with submitting ourselves to the world, which will probably be the UN.

How does owning gold and being able to use it to buy things from anyone anywhere in the world mean that you're submitting to the UN? You're not making any sense.

[driftdiver]

what part of global currency are you having so much trouble with

[mvpel]

Well we used to have a gold/silver backed global currency .... the US dollar until that great and beloved US president LBJ killed it in 1968.

FDR made the gut shot in 1931 and let it writhe in agony, until LBJ finally made the head shot in 1968.

[mvpel]

what part of global currency are you having so much trouble with

"... Ron Paul stating there is nothing to fear from a global currency.... as long as it's backed by gold, of course."

[driftdiver]

if its a global currency how long do you think it will stay backed by gold? If its global someone is controlling it and making decisions, who are those people? By definition a global currency isn’t going to be focused on US interests.

Yet one more example of how loose his grip on reality is.

[mvpel]

if its a global currency how long do you think it will stay backed by gold?

When you buy stock in Coca-Cola, you don't ask how long a share of Coca-Cola stock will be backed by the profits of the Coca-Cola Corporation. Likewise, you're not forced to buy their stock. The same considerations would apply to any issuer of a gold-backed currency.

You're assuming that people would necessarily be forced into using some hypothetical gold-backed global currency. The only reason the US government needs to force us to use the US dollar, and punish people who offer alternatives, is because there's NOTHING backing up the US dollar except a pile of IOUs held by the Fed. The same is not true of gold.

[Concentrate]

He said what he meant, a global currency. Yes, the global currecy is gold and silver as outlined in the COTUS. Silly question, really. May God bless you.

[Concentrate]

Constitutionalist.

[driftdiver]

No, he said a gold backed global currency. He’s a soros backed globalist. Pretty simple

[Concentrate]

He’s not a globalist, except for the fact that he acknowledges the fact that we live in a global economy.

[driftdiver]

“except for the fact that he acknowledges the fact that we live in a global economy.”

Really? I’ve always heard him push isolationism.