Ron Paul = foreign policy IDIOT

while some of his fiscal con ideas sound attractive, have his mind leave our borders and his arguments turn to mush

in one of the GOP debates last spring, Ron Paul was whining about the other candidates posturing as hawks re: Iran fishing boats firing towards our Navy

His final line was a shrill screech of “we have the largest Navy on the world and we are afraid of a Fishing boat????”

At which point I realized this b-stard apparently slept through December 2000. Gave up on him then and there

http://en.wikipedia.org/wiki/USS_Cole_bombing
http://upload.wikimedia.org/wikipedia/commons/f/f6/USS_Cole_damage.jpg

battleoflepanto1571 on July 18, 2009 at 4:26 PM

The reason for getting off the gold standard was to facilitate the massive socialist government spending and borrowing that a gold standard prohibited. If your printed money is backed by something real, and of a finite quantity like a precious metal, you can’t just print money above and beyond what backs it. You have to acquire more wealth in order to spend more money. Basic economcis. Basic common sense. Leaving the gold standard is what started America on the way to bankruptcy.
keep the change on July 18, 2009 at 4:21 PM

oh my goodness… Seriously?

I’m as fiscal con as anybody, but it’s not a great idea to base your financial system (and really the finances of much of the world) in a global economy on precious metals

The ability to print money has been abused, sure, but having money have value “because we say it hasvalue” is a thousand times more realistic and efficient for the 21sy century than saying “well trust us because of Fort Knox”

the gold standard cry is one of the biggest red herings out there for right wingers

totally unnecessary argument

battleoflepanto1571 on July 18, 2009 at 4:32 PM

but having money have value “because we say it hasvalue” is a thousand times more realistic and efficient for the 21sy century than saying “well trust us because of Fort Knox”
HA! That was funny. You believe something has value only because “we” say it should? And that makes more sense than than basing money on something we can actually sell like gold?
Printed money is only a coupon. There has to be stock to cover that coupon. Printing coupons without the stock on the shelves that those coupons represent is tantamount to counterfeiting. But the salient point is that socialism can not exist with a gold standard. The money that the liberals and socialists need to spend to bring about their utopia can only be created by printing coupons on a press.
keep the change on July 18, 2009 at 4:36 PM

Well of course “because we say it should” works!

How much money is in your bank account, savings, checking, etc? And yet, the amount of CASH in your local bank vault is less than 10% of actual deposit. It’s not there. Your account is backed by nothing. You only have money because you TRUST the bank to have your money when you need it. If everyone wanted cash the bank would close a la the 1930s. You believe the banks word so you deposit money there

Take it a step further. Why does the Constitution matter? Because we say it does. Every single facet of life agrees it is the law of the land, supercedong state and local laws that people actually make. There’s no army of the constitution: people obey it because we tell each other it’s a good document to obey. And yet, it’s basically a 220 year old Mayfliwer Compact by white planters and lawyers on the Atlantic Seaboard.

“implied” or “assumed” value works

yes liberals have bankrupted the us with reckless spending (w too), but going back to gold standard us crazy

let me ask you this: what are a few benefits of a brave new gold standard? How so we avoid all the nineteenth century “panics” (1873, 1893, 1837, etc)

battleoflepanto1571 on July 18, 2009 at 4:50 PM