[palmer]

How does the little moron plan to raise GDP, mine more gold?

GDP grew nicely long term under the gold standard (e.g. late 1800's) The problems, just like with currency, stem from politics and manipulation. Certainly the current dollar regime is a mess, we have no choices but future inflation or major recession.

[Beagle8U]

“GDP grew nicely long term under the gold standard (e.g. late 1800’s) The problems, just like with currency, stem from politics and manipulation. Certainly the current dollar regime is a mess, we have no choices but future inflation or major recession.”

Great, go back to the late 1800’s and it will work kinda OK. But today everything is traded in a world market, that wasn't the case then. With no foreign trade to speak of, it might work...kinda.

That is why I said Ron Paul's brain can't deal with today's world.

[Nabber]

I’ll say this about gold. I went on a tour of the non-operational gold mine in Cripple Creek, Colorado. There is PLENTY of gold in the ground there — it’s just not economical to bring it out; esp. when it’s so cheap to mine elsewhere, such as South Africa. Some gold mines are operating, but I have no idea as to their profitability.