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Ron Paul: Why Governments Hate Gold and Love Fiat Money

 
Anonymous Coward
User ID: 19980561
United States
10/03/2012 11:50 PM
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Ron Paul: Why Governments Hate Gold and Love Fiat Money
Really interesting when you examine money & how it works. Really interesting.

"0:58: because people know Gold is money when fiat money fails"

"2:34: People are given the option of using Good Money or fiat money, if the Government persists on debasing the Dollar as money monopolists have done, then the people would be able to protect themselves using alternatives such as Gold that is sound & stable.

"As the fiat Money pyramid crumbles, Gold retains it's luster."

"Governments hate Gold because the people can not be fooled by it."

Anonymous Coward (OP)
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10/04/2012 12:12 AM
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Re: Ron Paul: Why Governments Hate Gold and Love Fiat Money
book
Anonymous Coward
User ID: 24924823
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10/04/2012 12:15 AM
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Re: Ron Paul: Why Governments Hate Gold and Love Fiat Money
Real simple. Gold forces government to tie money to something actual and real. With fiat money, Government can inflation people to death. Inflation is simply another form of taxation.

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