Ron Paul - Goldfinger?

Talking Down the Dollar for Fun and Profit

The golden rule: He who has the gold makes the rules. In the 1964 James Bond Movie, Goldfinger, an international financial terrorist attempts to take over the world financial system by destroying American gold reserves stored at Fort Know with a nuclear bomb - a foreboding yet imaginative
 plot, but very messy and not to likely to succeed. What if you came up with a lucrative plan, not so grandiose, reasonably legal, and conducted in plain view, with the full complicity of the disgruntled American voter, what would that look like?

The convention for Politicians who aspire to high office is to place their financial assets in a blind trust, managed by a trustee. It would be an apparent conflict of interest for a politician to vote on appropriations for the Defense Industry while personally owning shares of Boeing or Grumman Aerospace. Dick Cheney, followed this practice in 2000, when he sold his interests in Haliburton, in order to run for the Vice Presidency. Senator Bill Frist, sold his interests in HCA, prior to voting on health care issues. Nonetheless, both these men faced intense scrutiny, and criticism for these sales and the timing of these sales.

Fast forward to 2007, Ron Paul, the Iconoclastic Populist, is running for the Presidency. For years, Ron has advocated a return to the gold standard, and the end of the Federal Reserve Banking System. The United States effectively ended the gold standard for its currency during the depression of the 1930s. Economists universally credit this move as part of a package of reforms which restored the health of the American market system. The historic prosperity of America since that time, despite calamities of all description and magnitude, attests to the wisdom of this policy.

Related information
Ron Paul has never polled above 10% in any primary.
 
Comments 1 - 4 of 4  
Comments
Type in Your Comments Below

Right now, the Federal Reserve can create as much money as it wants to...there is absolutely no limit. When there is MORE of something, its VALUE goes DOWN. (the most basic economic principle of supply and demand.) This is the definition of inflation. A greater and greater supply of money created out of thin air results in being able to buy less with that money. A gold standard provides a limit as to how much money we can print based on how much gold we have to back it up. Ron Paul does not want to destroy the dollar, he wants to RESTORE it. A gold standard simply keeps our leaders from inflating our money supply. And on a side note...what about the natural appeal of gold? It is pretty much THE choice metal for fine jewelry or bullion investment. if I (or any sane American) had the option of being paid in gold and making my payments in gold I would do it in a heartbeat. Who would choose our dirty paper (or for that matter digital numbers on a computer screen) over hard curre

Posted on 09/06/2008 at 9:09:44 PM

I wanted to inform you Ranger this is a return visit for me. I am utilizing your article as a resource in a little Paul debate I was engaged in. So, once again thank you for this stellar piece.

Posted on 02/28/2008 at 7:02:01 PM

This is jibberish. Fiat money is worth nothing. Watch it collapse.

Posted on 02/01/2008 at 7:02:37 AM

This is a fantastic analysis, very smart and rational. Kudos! Be safe, Ranger. Hell hath no fury like a Paulbot scorned.

Posted on 01/19/2008 at 8:01:22 PM

Comments 1 - 4 of 4