Bye-Bye Bernanke? The Case for the Gold Standard

I just don't seem to understand what it matters when in fact, governments can change the rules and no one follows the rules where there is pain to be faced. Every country could just say, we have only X trillion, and stick to it. They will not. History has shown this. Probably the whole reason we went off, as U point out.
Why even tell people there is a solution, when we are dealing with human nature and governments that are created from the nature.

If the developed economies can't pay their debt, so who is benefiting from the easy money policies. Why American tax payers are being ripped off, for whose benefit. What fed has been doing is printing more money , future of American people is endangered in favor of rich and powerful firms and families. All over the world is being ripped off by the same scenario. I am affraid when people understand this, they will start a big war most probably with İran, besides their cause of poverty all over the world, they will kill millions to cover such rip off.

Why are central banks around the world buying and storing gold? What do they know that you do not?

Ron Paul has been saying the exact same thing for like 50 years. If elected, HE is the only candidate I trust to do exactly what he says. If he pledges to cut all foreign aid, you can be certain that ALL foreign aid will go away. Vote for somebody that actually does what he says! Check his voting record. Talk to his constituents. HE DOES WHAT HE SAYS!

Berenanke In one word (destroy) the dollar My savings return .002 % while government says inflation is .039 % and we all feel its under stated To me the guy is a slug !

you don't want the government deciding what people trade in. Let the market decide, repeal legal tender laws, and remove the tax on gold / silver, I am confident the free market will choose gold and silver if it was allowed to operate.

Gold is money for Kings and Princes. Silver is people's money. Federal Reserve Debt is money for Slaves. Which of these camps are you in?

To go back to the Gold Standard, you actually need some gold. The gold at Fort Knox hasn't been audited in almost 40 years (which makes ZERO sense). How do we know the gold is even there anymore?

When President John Fitzgerald Kennedy signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."

Ron Paul would be a president for America. Much different than the actors on stage for change and jobs.

People saying the US going on the gold standard would make us like Greece are either stupid or liars. Greece is the epitomy of unrestrained use of fiat currency...not a currency anchored to a precious metal. In fact, ALL of the PIIGS and everyone else are using FIAT currency...paper printed on "full faith and credit"...NOT tied to anything tangible. The crisis we are all in is due to BORROWING and PRINTING. Eventually, "full faith and credit" becomes worthless as people become alarmed that their government is monetizing the debt and stealing everyone's purchasing power through inflation/stagflation.

I think we should go to a Hydrogen standard. It's the most abundant element in the universe and supports the green movement.

The Fed bears responsibility for the state of the economy. Its artificially low interest rates have encouraged companies to borrow now and hold large amounts of cash to repay those loans at pennies on the dollar once interest rates skyrocket as investors pull the plug on Bernanke. Just look at what has happened in Europe.

The Real Problem,
MADE IN CHINA.
The Real Solution,
MADE IN USA
Invest in America!

Newt trying to sound like Ron Paul. Give me a BREAK. He's a fricking warmongering neocon every bit as much the establishment as Obama, Bush I and II, Clinton. A vote for the gold standard is a vote for Ron Paul. Often imitated, never duplicated. Rock the status quo and vote Ron Paul. Otherwise get ready for Bush/Obama 2012.

I was always told the point of the federal reserve was to stabilize the currency. If you were to look at a chart of the value of the dollar since 1913 you'll see that the federal reserve has done a horrendous job of "stabilizing" the currency. The federal reserve's debasing of our currency has ensured that workers remain poor and savers be suckers.

Gold is NOT money. It is USED as money because it has properties that make it very useful AS money. Gold has no inherent property of "money". There is no inherent physical property of "money" that can be possessed by anything - only properties that make a thing useful AS money. Those properties are: (1) durable (gold doesn't wear out of evaporate, but neither does lead, paper money wears out but it is replaced as it wears out so not money is "lost") , (2a) limited supply (if gold was as abundant as lead, it would be no more valuable than lead, conversely, if lead was as rare as gold it would be nearly as valuable except for the fact that it is not as "pretty"), (2b) not "create-able" (you can't create gold, you can't create lead for that matter), (3) portable (quantities useful as money must be portable - lead could be used but so much mass of it would need to be carted around THAT makes it not useful as money). Essentially any substance that possesses these properties can be useful as money. Dollars are "useful" because they are durable, portable, in limited supply (the amount of dollars in circulation) - but the only thing that gold has over dollars is that the problem with dollars is that the government keeps making more that dilutes the value of those already in existence by making them a smaller fraction of the total supply.

Gold is a physical store of value proven thru out history. The 1929 stock crash was caused by artifically easy credit caused by the Fed. For those of you who think gold would send us back to living in caves, where do you think we are headed now? For those in doubt should read Ron Paul's book on the gold standard written around 1980.

It doesn't matter what money is as long as the supply is controlled. Right now Banks control the supply of money(debt), the interest rates, and who they give money too, they even control the bailouts! The solution is to take this power away from banks by getting rid of fractional reserve banking and require 100% reserves. Banks will not be able to do 100% reserves without borrowing, so they can borrow money that the Government creates out of thin air at interest. This will flip the system and bank banks pay the government for money instead of how it is now. This will eliminate all national debts!

ITS CRAZY HOW RON PAUL HAS BEEN SAYING THAT FOREVER BUT KNOW EVERYONE IS JUMPING ON THE BAND WAGON.