RON PAULTON! "OUR CURRENT MONETARY SYSTEM IS COMING TO AN END."

[Human Snorenado]

http://www.cnn.com/2008/POLITICS/10/17/ron.paul.qa/index.html?iref=mpstoryview

Chetry: The credit markets are starting to loosen up a bit, at least from what we've seen this week. Is that a sign that maybe it is working?

Paul: Maybe to some degree in the short run, but that just means we'll have more inflation. You can't create $5 trillion out of thin air and not expect inflation. So although the dollar may be up a little bit right now because the markets are a little calmer, this just means that in time we're going to all suffer and pay for this, and we're going to pay for it with higher prices.

This is the serious problem. It's the attack on the dollar system. They're trying to save the dollar, but this system that we've had since 1971 is nonviable, and it's coming to an end. That's what this whole story is about, the end of a monetary system that we've had since 1971.

Something has to give. You just can't create more money out of thin air and propping up everybody. It's an immoral system. You're asking the poor people to bail out the rich. You're asking the innocent people to bail out the guilty. You're asking people to just totally defy the Constitution because there's no place in the Constitution that says that we can do these things.

Besides, economically, it's a disaster. This is going to cause a great deal of harm. It's like a drug addict taking a strong fix, and he feels better for a day or two, but believe me, we're going to kill the patient. And the patient here is the dollar system and our entire world economy. I would say let's get off this addiction.

HAW HAW HAW

[Madrun Badrun]

Isn't this the guy that thinks a totally open and free market will solve everything?

[Flannel Boy]

Isn't this the guy that thinks a totally open and free market will solve everything?

I wouldn't expect you to understand the power of GOLD.

[Joe Molotov]

In the new monetary system, only Neo Yens and gold bullion are accepted currency.

[Van Cruncheon]

paraphrased: "i am shocked that sane, non-austrian economists might understand the system and develop a plan to effectively repair it! here are some specious, horrifying analogies to conceal my lack of a point!"

[TVC15]

So is he advocating a zero-growth economic model?

Basically.  And if all the gold in the world is economically accounted for, well, the rest of the world is fucked, since there's not nearly enough gold in the world to cover a global economy.

There are other humongous flaws in his ideals.  If even just the US returned to a gold standard, well, where would we get the gold?  We sold it all off decades ago.  So we'd have to accept trillions more dollars in debt to buy gold to "fix" our economy.  Remember, a global economy means no reset button.  In short, fiat or commodity-based, our economy is tauntaun fucked.

[Cormacaroni]

Sounds like just the sort of person we want safely THE FUCK OUT of the White House in the midst of an economic crisis.

[Brehvolution]

All creatures with fur tremble when this man speaks.

[Phoenix Dark]

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