Monday, November 28, 2011

Ron Paul Explains His Plan to Return to the GOLD STANDARD

Judge Napolitano interviewed Ron Paul tonight, who provided an explanation to his Monetary Policy Plan, including his plans to return the US to the GOLD STANDARD!

*I would like to have a transition period and just legalize gold money, gold and silver as legal tender, and work our way back
*We want to legalize the use of gold and silver as the constitution dictates, rather than punishing the people who try to do that

Ron Paul's Plan for Monetary Freedom
We know what to do - we did it once after the Civil War period, we went from a paper standard back to the gold standard, and the event wasn't that dramatic. But today the big problem is that both the conservatives and liberals have an big appetite for big government for different reasons, therefore they need the Fed to tide them over and monetize the debt. So if you don't get rid of that appetite it's going to be more difficult, but the transition isn't that difficult. You have to get your house in order; you have to balance the budget, you have to not run up debt, and you have to promise not to print any more money.