A recent talking point re-emerges in another light....

[Paul Mackin]

On 1/25/2012 12:42 PM, David Morris wrote:
> http://www.trutv.com/conspiracy/government/ron-paul/gallery.html?curPhoto=11
>
> The New World Order
>
> "[Is there] an international conspiracy to overthrow our government?"
> Paul said in 2003, repeating the question of an audience member at his
> Austin speech. "The answer is 'Yes'. I think there are 25,000
> individuals that have used offices of powers, and they are in our
> Universities and they are in our Congresses, and they believe in One
> World Government. And if you believe in One World Government, then you
> are talking about undermining National Sovereignty and you are talking
> about setting up something that you could well call a dictatorship -
> and those plans are there!"
>
> Ron Paul's call for a return to the Gold Standard are clear proof that
> he's w/o a clue about economics and monetary dynamics.  But neither do
> most people...



Hey, I got an idea.  Why doesn't the Fed just SAY it has enough gold 
buried somewhere to "back" all the money it creates.  Of course, the 
public would have to take this on faith.  It wouldn't be possible to 
actually count or weigh this much gold.  So in the end the value of 
money depends on trust.  Like so much else in this world.

Approached from another angle, is there enough gold in the world, above 
or below, ground to "back" but a tiny fraction of the money supply?  Any 
kind of conceivable "gold standard" would just add an unnecessary, 
though minor,  complication to something that is complicated enough already.

  Saying all money must be backed by gold  is kind of like saying that 
all books have to be printed on paper.

Good-bye Kindle.

P




>
> On Wed, Jan 25, 2012 at 11:03 AM, Paul Mackin<mackin.paul at verizon.net>  wrote:
>> It's my impression that spinners of this particular conspiracy theory,  espoused by Ron Paul and others, don't really understand how money and banking work, or of American economic history.