Congressman Ron Paul thinks there just might be no gold in Fort Knox. He wants to force an audit of the place. Because I’ve never had the opportunity to examine the alleged gold stock at Fort Knox for existence and existence in the quantity claimed, I’ll not weigh in one way or another.
The article also claims something that sounds counter to what I thought Paul believed:
Paul stopped short of calling for the reinstitution of the gold standard and instead called for the government to allow the use of hard currency — gold and silver tender — alongside the use of the dollar.
That might be a politically smarter way to achieve what he actually wants: the use of stable currency throughout the US. The political difficulties surrounding the imposition of the gold standard — the only realistic means of saving the dollar from eventually blowing up — might just be so thick that allowing people options would be a more sure means of ensuring that even if the dollar does blow up, your savings don’t have to blow up with it.
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ron paul on the fed, fiat currency
Congressman Ron Paul thinks there just might be no gold in Fort Knox. He wants to force an audit of the place. Because I’ve never had the opportunity to examine the alleged gold stock at Fort Knox for existence and existence in the quantity claimed, I’ll not weigh in one way or another.
The article also claims something that sounds counter to what I thought Paul believed:
Paul stopped short of calling for the reinstitution of the gold standard and instead called for the government to allow the use of hard currency — gold and silver tender — alongside the use of the dollar.
That might be a politically smarter way to achieve what he actually wants: the use of stable currency throughout the US. The political difficulties surrounding the imposition of the gold standard — the only realistic means of saving the dollar from eventually blowing up — might just be so thick that allowing people options would be a more sure means of ensuring that even if the dollar does blow up, your savings don’t have to blow up with it.
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