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Ron Paul...Is gold money?

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posted on Jul, 15 2011 @ 10:13 AM
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Gold is more valuable than paper money thats for sure

and people actually die for paper and oil, and for WHAT? just to supply some corrupt A hole?



posted on Jul, 15 2011 @ 10:32 AM
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The value of gold is about as virtual and fake as the value of paper money. It is just a made up value we give to it, mostly because we think it shines pretty. Sure it has some value in industries, but its value is mostly determined by trust, just like paper money.



posted on Jul, 15 2011 @ 05:32 PM
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Gold is a limited resource. If gold would be the only legal tender it would limit an economy in every way, how many cares can be built how much bread produced, unless you accept hyper DEflation. Sound money is not evil. Punishing people with an income tax to pay for a debt, caused by a need of infusing new money into the system at an interest, to reflect a grown economy and prevent deflations, an economy that grew because of their hard work and eventually a growing population, now THAT is evil.

We need money. If a growing avaiability of good and services is not counterweighted by an increased money supply the existing money will experience deflation and the economy will stop expanding as people hold on to their limited money. But why do we have to pay income tax for money that we do need? Good work expaning the economy, enjoy your additional debt.

Now you could argue, because everybody pays income tax torwards his central bank, it does not matter, because if we would get rid of the income tax, the additional purchasing power over time will be eaten up by inflation. Everybody is going to ask for moar, if they know you have more, from the guy who rents you the house, to the baker.

HOWEVER not everybody pays taxes. The people at the top of the pyramid dont, they get to keep all of their money and all their money is worth more, because the majority of the working stiffs have to return a good portion of theirs. They create value with their money and get a salary. Part of the value they create ends up in a black hole OR is redistribuited to those who hold the stock to the central bank if theories about the central banks are true. Regardless of it, because part of the value you created either gets eaten up by a central bank or redistribuited, the people who at the same time keep all their money, have an additional worth out of it.
edit on 15-7-2011 by Cassius666 because: (no reason given)



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