Am I the only one who thinks the rising price of
gold is a bad thing? I'm not an economic analyst, nor do I claim to
be, but I am a proponent of returning the U.S. dollar to being measured by
a gold standard. However, with the increase in value of gold and the
decrease of the value of the dollar, this seems like an ever-widening turn
in the opposite direction.
With the value of gold skyrocketing, it
encourages people to sell their gold, and not to buy it.
People are replacing their solid valuables with a paper currency that is
ailing. Do we really want to turn more of the riches over to the rich? And yet certain networks paint this as a pretty picture, as if
this is the one good thing that's come about from "rising oil
prices."
In the January 30th Republican debate,
presidential candidate Ron Paul - the only candidate in the race who has
been speaking out about the Federal Reserve and the fall of American
currency - gave us a strong warning that came from former President Ronald
Reagan.
"I supported Ronald Reagan in 1976, and there were only
four members of Congress that did that," Ron Paul said. "And also in
1980. Ronald Reagan came and campaigned for me in 1978. I'm
not sure exactly what he would do right now, but I do know that he was
very sympathetic to the gold standard, and he told me personally that
'no great nation that went off the gold standard ever remained
great.' And he was very, very serious about
that."
"So he had a sound understanding about monetary
policy. And for that reason, I would say look into Ronald Reagan's
ideas on money, because he too, was concerned about runaway inflation and
what it does to a country when you ruin the currency. And that's
what's happening today. The dollar is going down and our country is
going to be on the ropes if we don't reverse that trend."
Of
course, that was also the same GOP debate on CNN where Paul was given only 6 questions
to answer, less than half the questions Mitt Romney and John McCain, at
the time, were allowed.
Now Ron Paul is almost out of the media's
collective mouth entirely, and I'm left to reread the advice he's given,
continue to hope against hope that people hear it before it's too late,
and wonder what might have been - had everyone been given an equal shot in
this race.
Paul appeared before the U.S. House of Representatives
on March 12th to again discuss the federal budget. Here is first
Democratic Representative Carolyn Maloney pointing out the expansive drop
from a federal surplus into a deficit, and then Congressman Paul speaking
about the role the current administration played in our economic
downfall. From C-Span:
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Friday,
March 14th, 2008
