Ron Paul and Why Sound Money Matters

	Duration: 05:42 minutes Upload Time: 2007-11-19 03:40:35 User: obaidkarki :::: Favorites :::: Top Videos of Day
Description: Click here for Jennifer Reynolds: http://www.gambling911.com/Ron-Paul-111807.html one they make the most fun of is his desire to return to sound money That is very sad It shows just how ill informed the American populace is about the danger of fiat money and why it was banned by the Constitution Our founders knew better we have forgotten To fully explore the issue takes entire books such as What has Government Done to our Money by Rothbard and The Creature From Jekyll Island by Griffin and others Very basically fiat money is paper money that is not backed by anything You cannot turn it into the government and get gold for it or silver the way you used to be able to when we had silver certificates instead of Federal Reserve Notes I know this is kind of boring stuff but bear with me When fiat or paper money is created no one wants to accept it Why should they You might as well ask them to take payment in Monopoly money So to fix that problem the government creates legal tender laws FORCING anyone who is doing business to accept these worthless pieces of paper as actual money Why do such a thing Because that way and here is where it gets very interesting they can tax you as much as they want without your knowledge If the government wants more war it has to pay for it War is expensive You cannot tax the people for it or they will get really angry and not support your war So the government prints more money (Actually more complex mechanisms than a printing press are used but the concept is the same) The more money that gets printed out of thin air the more the value of the money in your pocket gets diluted Think about it If tomorrow the entire money supply in the country doubled we would have twice as many paper dollars chasing the same amount of goods Prices in the economy would double and each dollar would be worth half as much as it once was You wouldn't have any more buying power than When the government prints extra dollars it makes the ones in your pocket right now worth less which is why prices keep rising and no matter how hard you work you are barely breaking even Of course they keep printing more but you don't wake up with double the money in your pocket so things are really bad for you This inflation tax is what is causing most of us to feel the economic pinch right now Right now one main reason things are so tough on you financially is because the government is spending up to one trillion dollars a year on the military Guess who is paying for that Us Guess when Now and in the future when we will have to pay interest on even more loans the government took out The government has no money of its own it only gets what it takes from you and me And they have been taking a lot of it We just haven't seen it directly coming out of our pockets in the form of taxes in our paycheck but we sure feel it when it costs over fifty bucks to fill the tank or milk is five bucks a gallon or your cat food goes from 7 99 to 12 99 in three months Right now the prices are rising because the value of the dollar is dropping That is why we cannot afford to keep this empire building going We can't afford it I know my cost of living is going down and I am scared about the future how about you How much lower can you afford the dollar to drop Ron Paul the one we all keep talking about has a solution for this: eliminate the government's monopolistic control of the money supply; introduce competition by repealing legal tender laws; and let free people in the free market offer alternatives to the federal reserve notes we are forced to use now Given the choice I think we would rather use money that is actually backed by something of value The idea might seem radical but if you give it some thought the truly strange notion is to trade goods for worthless pieces of paper Switching to sound money is our only way out of the inflation tax and keeping the government's paws off our wallets It only sounds odd because we are not used to the idea What is really awful for most of us in the middle and lower classes is that the other candidates won't even entertain the idea The less you make the more this tax affects you When you live paycheck to paycheck every dollar counts If you want to wake up in the morning with your money being worth what it was when you went to sleep then open your eyes America Vote for Ron Paul! All the other candidates make fun of him for wanting to protect your money They actually laugh at him Well they are really laughing at you the public because they know they can continue to rob you blind as long as they want Fight back You have a choice! A wise and frugal government which shall leave men free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor and bread it has earned this is the sum of good government Thomas Jefferson
Comments
falzaabi ::: Favorites  2007-11-19 04:38:07 man look what Ahmadinejad told reporters after the close of the summit in Riyadh"They get our oil and give us a worthless piece of paper" lol __________________________________________________
liquidsnake123 ::: Favorites  2007-11-19 04:38:21 Thanks for the video. __________________________________________________
Rourba ::: Favorites  2007-11-19 12:46:50 Good subject thanks... I am sick of gas prices too... __________________________________________________
alexandrina98 ::: Favorites  2007-11-19 13:48:03 Thank you so much for this video! It is wonderful! It means a lot and was very kind of you to produce. __________________________________________________
Dante3044 ::: Favorites  2007-11-19 16:02:09 it is a very good article. __________________________________________________
BagOfEyebrows ::: Favorites  2007-11-19 17:00:37 very nice video - good job. Informative and well told, you have a wonderful speaking voice, was so soothing to listen to you speak. :) __________________________________________________
AJ78910 ::: Favorites  2007-11-19 17:35:59 lol yeah mahmoud is the man. __________________________________________________
tabnoom ::: Favorites  2007-11-19 19:41:44 Thank you sir for making this video. Very informative indeed. __________________________________________________
BraheemH ::: Favorites  2007-11-19 19:48:40 thank you! __________________________________________________
DCUPtoejuice ::: Favorites  2007-11-19 19:53:07 obaidkarki for VP __________________________________________________
Gringoman911 ::: Favorites  2007-11-19 20:34:39 Its amazing that the Canadian dollar was even worth more then the green back for a period of time. __________________________________________________
alchemist2012 ::: Favorites  2007-11-19 21:53:45 I guess this is what America is supposed to be? People from of all backgrounds united through one common purpose: Freedom! I guess I came a little late? or perhaps, I am just in time for the 2nd American ReEVOLution! Ron Paul 2008 __________________________________________________
weirwolf77 ::: Favorites  2007-11-19 23:00:36 "(Actually more complex mechanisms than a printing press are used but the concept is the same)" Here is what happens. The government wants to buy fighter plane as an example. It needs money. It creates an interest bearing IOU called a government bond. It sells this to the central bank which prints money to buy it. The fiat money it just printed is now "backed" by the IOU. This is the cause of inflation. Fiat is Latin for "let it be" or "so be it". __________________________________________________
bgturk ::: Favorites  2007-11-19 23:45:29 Gold is not the perfect substitute for fiat money. The gold standard will merely shift power from the Fed to Gold mining companies. Value should be stored in something that cannot be mined or printed. __________________________________________________
GANDBLASTER ::: Favorites  2007-11-20 00:09:32 Thanks! I hope its not too hot there! __________________________________________________