Ron Paul: "All Wars Are Paid For Through Debasing The Currency"

Author Topic: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"  (Read 4507 times)

0 Members and 1 Guest are viewing this topic.

Offline Letsbereal

  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
31 July 2015
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2015-07-31/ron-paul-all-wars-are-paid-through-debasing-currency


From the latest National Geographic issue, August 2015:

The U.S. spent $13.3 million a day conducting the air war over Laos. In 2014 it spent $12 million clearing unexploded ordnance from the war.

The U.S. dropped more than 2 million tons of bombs on Laos from 1964 to 1973 during the Vietnam War. That's equal to a planeload every 8 minutes for 9 years.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline jerryweaver

  • Member
  • *****
  • Posts: 5,430
Re: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
« Reply #1 on: August 01, 2015, 12:42:04 AM »
I remember that thread on the roman silver coins Letsbereal did a few years back. Nero cut the silver coins in two and made a law that said the  coins were to be traded at full value. Used the surplus to pay for wars and a coliseum or two. We are reliving the fall of Rome. 

Offline jerryweaver

  • Member
  • *****
  • Posts: 5,430
Re: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
« Reply #2 on: August 01, 2015, 06:24:40 AM »


I would say the petrodollar is taking on the cost of the ME adventure.

EvadingGrid

  • Guest
This is typical of the Austrian School, and it implies that all would be well if only the US would return to the Gold Standard.

The Wars are paid for by issuing Debt, at Interest.

I know Ron Paul is real popular round here, and he does a lot of good, but when he goes off on his whole Austrian Economics he is not telling it like it is . . .
Now I know I won't win friends or gain influence round here by saying that, but I am obliged to tell the truth.

https://recoveringaustrians.wordpress.com/

Offline jerryweaver

  • Member
  • *****
  • Posts: 5,430
Re: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
« Reply #4 on: August 01, 2015, 08:58:17 AM »
When the debt ceiling is raised  all  funds go back into servicing the interest on the banknotes from the central banks.

Grace Commission Reported this back in Reagan's  day.  ??? I'm not seeing how this isn't a debased currency.  ???
 
A Gold backed currency would not change that. Greenbacks would. 

Ron Paul was pushing a Gold Standard to limit the Federal Governments Borrow tax and spending which would crash the economy also.

Ron Paul said "We would be broke but we would be free."


The Grace Commission Report - Revealed IRS Front for Banking Dynasties in 1984

https://archive.org/details/TheGraceCommissionReport-RevealedIrsFrontForBankingDynastiesIn1984

Details of the private collection agency and money laundering operation call the Internal Revenue Service. A report made at no expense to taxpayers, it informed President Ronald Reagan about what a team of accountants and researchers uncovered - that the Federal Reserve banking cartel ships all tax money collected out of the United States, and NONE of it goes to pay for services to American citizens. Unbelievable, but there it is in the official report.


EvadingGrid

  • Guest
The US Dollar is not "debased", its over valued . . .
The real picture is the Peto-Dollar and the status of the US Dollar as the Worlds Reserve Currency.

The core of the problem is that its DEBT BASED, it would change nothing if it was allegedly backed by Gold and Silver. Remember our problems did not suddenly start with Nixon taking America off the Gold Standard. In fact the cause of our problems can be tracked back to the Goldsmiths . . .

I know I am being simplistic, but I think it helps to clarify just how ridiculously wrong the position of GoldBugs.

Fractional Reserve Banking is the problem, Money As Debt - with Interest.

Offline Geolibertarian

  • Global Moderator
  • Member
  • *****
  • Posts: 13,122
  • 9/11 WAS AN INSIDE JOB! www.911truth.org
Fractional Reserve Banking is the problem, Money As Debt - with Interest.

"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://schalkenbach.org
http://www.monetary.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline jerryweaver

  • Member
  • *****
  • Posts: 5,430
Do get simplistic EG.  Yup, FRNs are currently overvalued do to overprinting, monopoly, and manipulation.

As a adolescent I had one pint organic chocolate malteds for $.15 .   

That's still how I think. Chocolate Malted Standard. Better than Gold!

How many Chocolate Malteds on my one dollar a week (1969) allowance? 

Blizzard Treat   Small   $3.69
Blizzard Treat   Medium   $4.09
Blizzard Treat   Large   $4.59

http://www.fastfoodmenuprices.com/dairy-queen-prices/



How many Chocolate Malteds for an hour of work at minimum wage?

http://www.dol.gov/minwage/chart1.htm
1969   $1.60   $9.81
1970   $1.60   $9.28
1971   $1.60   $8.89
1972   $1.60   $8.60
1973   $1.60   $8.10
2012   $7.25   $7.25

Offline Geolibertarian

  • Global Moderator
  • Member
  • *****
  • Posts: 13,122
  • 9/11 WAS AN INSIDE JOB! www.911truth.org
http://www.dol.gov/minwage/chart1.htm
1969   $1.60   $9.81
1970   $1.60   $9.28
1971   $1.60   $8.89
1972   $1.60   $8.60
1973   $1.60   $8.10
2012   $7.25   $7.25

Austrians would have you believe that "paper" is the cause of all this.

But they're wrong. Usury (i.e. the silence incorporation of compound interest debt into the selling price of virtually everything we buy) -- not "paper" -- is the real problem.

Author and monetary reformer, Byron Dale, explains it this way at his web site on the subject:

-------------------------------------------

http://www.wealthmoney.org/articles/hamburger-stand/

THE HAMBURGER STAND



To understand what is happening in our economy; we must understand our money system. Our government has debauched (corrupted, spoiled) our currency by converting it from money that represents Wealth, to money that represents Debts. Between 1792 and 1933, our Congress suspended the FREE Coinage of metals (raw resources) and switched us to bank credits and, or bank notes as our medium of exchange (money).

The result? Now, all newly created money comes into circulation as an interest-bearing loan to some individual, corporation or government.

When the money supply is increased, so is the debt load on some individual, business or government. When the debt load is increased, so is the interest expense. When the interest expense is increased, the cost of doing business increases. When the cost of doing business increases, the price of the finished product must also increase or the living standard decrease or both!

In a money system where all new money is created and put into circulation as interest-bearing loans, only the Principal is created-never the Interest.

This fact can be hidden for a long time if our government borrows from the banks and ‘spends’ the money into the economy.

If the money supply is increased by government debt instead of private debt, the government will need to increase taxes to pay its interest! Taxes increase! The cost of doing business increases! Again, there must be a price increase in the finished product or a cut in the living standard—or both!

All businesses take some raw material (labor, an idea or some raw resource of the earth) try to do something to it to add value and sell the value added product to someone. From the added value they hope to gain enough to pay their operating costs and have enough left over to pay for their costs of living. Let us consider a small Hamburger Stand as an example of what is happening in all businesses.



In our Hamburger Stand the raw products will be labor, raw hamburger and flour.We combine our labor with flour to make buns, form the raw hamburger into patties, cook them and sell hamburger sandwiches as the finished product. If we buy the raw hamburger and flour for .50 and sell the finished hamburgers for $1.50, we would have an added value of $1.00 per hamburger to pay our other costs and our costs of living.

If interest cost  went up .25 and tax cost went up .25 and the standard of living was to stay the same, the price of the hamburger would have to go from $1.50 to $2.00.



Now you see why American businesses seek out lower labor and tax costs overseas, why we must be good, efficient workers and why we must ‘compete’. When the money supply is increased, the debt load is increased. The money supply must increase each year or there is not enough money to pay the interest on last year’s loans! The people suffer recession.

This is exactly what’s happening in varying degrees to every citizen and business in America— growing shortages of money! Why? Because when money is created as loans, it forces society into perpetual indebtedness to obtain a medium of exchange. The additional cost (interest) which must also be repaid IS NEVER CREATED with the loan. It is ONLY A DEBT expected to be paid in money.

-------------------------------------------

^^  That is precisely why Austrians will use the term "print" a thousand times before using the term "loan" even once, and why they'll use the term "paper" a million times before using the term "usury" even once.
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://schalkenbach.org
http://www.monetary.org
http://forum.prisonplanet.com/index.php?topic=203330.0

EvadingGrid

  • Guest

^^  That is precisely why Austrians will use the term "print" a thousand times before using the term "loan" even once, and why they'll use the term "paper" a million times before using the term "usury" even once.

And that is why the Austrians work for the Robber Barons...

Offline jerryweaver

  • Member
  • *****
  • Posts: 5,430
Re: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
« Reply #10 on: August 01, 2015, 02:01:48 PM »
One funky smell on Ron Paul . He calls for Audit the Fed , End the Fed and Audit of Fort Knox. 

No mention of the Greenbacks angle. Mmmnnn

Doesn't matter much anyways.  The majority of US Citizens think anyone who questions status quo is some how a "tin foil hatter".


 

Offline pac522

  • Member
  • *****
  • Posts: 3,821
  • Peace sells, but who's buying?
Re: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
« Reply #11 on: August 01, 2015, 02:18:14 PM »
This country did not achieve greatness with the mindset of "safety first" but rather "live free or die".

Truth is the currency of love. R[̲̅ə̲̅٨̲̅٥̲̅٦̲̅]ution!

We are all running on Gods laptop.
The problem is the virus called the Illuminati.  ~EvadingGrid

The answer to 1984 is 1776.

Offline Geolibertarian

  • Global Moderator
  • Member
  • *****
  • Posts: 13,122
  • 9/11 WAS AN INSIDE JOB! www.911truth.org
Re: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
« Reply #12 on: August 01, 2015, 02:54:11 PM »
One funky smell on Ron Paul . He calls for Audit the Fed , End the Fed and Audit of Fort Knox.

Although I don't always succeed, I try not to make it all about Ron Paul, or all about Peter Schiff, or all about any other one individual, but about the ideology being promoted.

The "Austrian School" was around before either Paul or Schiff were even born.

Same principle with "Keynesianism." John Maynard Keynes died before Paul Krugman was even born, yet as Paul and Schiff are only too happy to tell anyone who will listen, the ideology that was named after Keynes lives on through Krugman (and unfortunately will probably be a force to reckoned with long after Krugman is gone).

When, in the context of expressing criticism or disagreement, one focuses on the person instead of the idea (or set of ideas), people tend to get defensive -- often to the point of acting as though one of their own family members has been insulted.

The discussion usually goes downhill after that.

Food for thought.
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://schalkenbach.org
http://www.monetary.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline jerryweaver

  • Member
  • *****
  • Posts: 5,430
Re: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
« Reply #13 on: August 01, 2015, 03:23:07 PM »
I read a comment last week on zero hedge that sounds about right. It referenced quarter horse racing and betting on the results but was an analogy related to monetary policies. We can hash out the best policies etc. The guy was making the point that perception of the majority trumps quality in most cases. Seems like that is really the case with gold , greenbacks, or banknotes.

Offline Geniocrat

  • Member
  • *****
  • Posts: 1,874
Re: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
« Reply #14 on: August 01, 2015, 03:35:59 PM »
That's all part of the Nefilim's plan.....

To hyper-inflate the American dollar so that none of the BRICs nations and Europe accepts it anymore.

This is what Ron Paul and Karen Hudes have been warning for months.

World Banker Says Second Species Controls Earth

http://www.secretsofthefed.com/disclosure-world-banker-says-second-species-controls-earth/

Offline Geniocrat

  • Member
  • *****
  • Posts: 1,874
Re: Ron Paul: "All Wars Are Paid For Through Debasing The Currency"
« Reply #15 on: August 01, 2015, 03:38:37 PM »
RULE BY CONSENSUS,

NOT HOMO CAPENSIS !!!


Keep Thomas Paine's COMMON SENSE ALIVE - Rule by the consent of men, not Divine (Nefilim) Right !