Ron Paul fans: how will returning to the Gold Standard work?

It won,t work

It would work the same way it's always worked.In the old days the miners brought their gold in and exchanged it for currency.They received cash according to what gold was worth at that time.Some bartered with gold alone,but you still had to set a standard on what it was worth at the time of barter.At one time our dollar worth was based on gold.In other words a hundred dollars had a hundred dollars worth of gold to back it up.Nixon took us off the gold standard to boost the economy and it's been down hill every since.The federal reserve keeps printing more of it and the dollar gets weaker and weaker.The next phase of our economy will be that you pack your car full of worthless dollar bills to buy a loaf of bread.Go back to the gold standard? If we did with the amount of paper money in the system now,a once of gold would be a million dollar per once.Paul has sang this old song since he was a junior senator.Maybe the old man has a ton stashed away.

I am actually curious myself. Nixon took us off the gold standard by an executive order, so it may only take another executive order to reverse his decision. Well, I know this to be the case, but I think that you are wondering about how we re implement the physical gold and how different federal institutions are directly effected. After I read the responses of those other clowns, I figured that anything I wrote would have more meaning.

Definitively, although maybe include silver and copper for people who haven't prepared (collect pennies that are 1982 or older because they are 98% copper).

Folks, the $100 you have in your wallet is only fiat money and will continue to inflate, thanks to our wonderful corporatism elite friends and Mr. Bernanke, until you need an entire wheelbarrow of $100 to buy a loaf of bread at the grocery story.

But at that point, food will be so scarce they'll take the wheelbarrow instead and forget the paper!

Democrats and Republicans are the same. Behind close doors Dems and Reps are always in agreement. To the rest of the world, they act like they are against each other. This creates the illusion there are two sides of ever issue. In reality, they are the same thing.

The Central Government, run by bureaucratic servants called Democrats and Republicans, know that there is a 11% approval rate of the government by the US citizens. This is unacceptable to the Dems and Reps. They need away to show there power. So creating a fear atmosphere, will get the citizens attention. This will also let them portray they are doing something for the citizens that cannot be done without the government. I't is a forced recognition of power in all its tyranny.

One of the rules of war when facing a stronger enemy is to divide and conquer, rather then to attack your enemies force as a whole. Knowing that citizens and there constitutional freedoms/rights are a thee governments greatest enemy, creating a diversionary tactic such as Republican and Democrat would divide the governments enemies "citizens + constitutional freedoms/rights" Once divided, the enemy is far easier to conquer. In this case, when we are divided, the Central Government can take away freedoms/rights, and implement tyrannous laws a lot easier than if we were united.

Vote for ANYONE else besides Democrats or Republicans. I't can be anyone ranging from a third party candidate to Mickey Mouse. Just don't vote for Democrats or Republicans. They were bought and paid for a long time ago by bureaucrats. When Dems or Reps are elected, they serve the interests of transnational corporations that paid for them to get elected, not the citizens. I't is the greatest acting out of a "good cop bad cop" scenario in history. Just remember; Ron Paul and The Tea Party are the Republican Party.

"I'f your a multi-billion dollar transnational corporation and you pay for, 1 President + 435 Congressmen + 100 Senators + 9 Supreme Court Justices, then you have total power over 350,000,000+ citizens and all there resources."

I'f you don't agree with any of this, you believe exactly what they wan't you to believe.

We set the dollar at maybe 1/2000 ounce of gold. It depends when it happens. People can exchange dollars for the same amount of gold forever. It was the system for much of human civilization and the United States.

It would stop the Fed from devaluing our dollar. Our money would be backed by actual gold. It would control inflation.

The Fed must be abolished. They are ripping us off... one of the biggest scams in history. It's essentially legal robbery!

It worked before the big world bankers that everyone hates so much changed it. Why wouldn't it work now? The money the FED loans our government is loaned with interest attached. That being said, for every dollar we get from them we owe more than a dollar back. The big world bankers are robbing us blind.

well the US dollar would be backed up by something, rather than speculation.

it would keep the federal reserve from being able to print more money into circulation and lower the value of the US dollar.

I hate Paul.

It is good for his gold holding friends. He attends a lot of Gold Conferences. Means the price of gold will be 40,000 dollars an ounce.