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Republicans eye GOLD STD - Romney says Bernanke is History!
08-24-2012, 12:30 PM #1
Jed Member
Posts:206 Threads:40 Joined:Mar 2012
Quote:The gold standard has returned to mainstream U.S. politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy.

Drafts of the party platform, which it will adopt at a convention in Tampa Bay, Florida, next week, call for an audit of Federal Reserve monetary policy and a commission to look at restoring the link between the dollar and gold.

The move shows how five years of easy monetary policy — and the efforts of congressman Ron Paul — have made the once-fringe idea of returning to gold-as-money a legitimate part of Republican debate.

Quote:Romney Reiterates He Would Replace Bernanke

Mitt Romney said Thursday that he would replace Federal Reserve Chairman Ben Bernanke, dismissing the advice of a top adviser who suggested this week that the chairman should be considered for a third term.

The presumptive Republican nominee told the Fox Business Network that as president, he would want to install someone new in the Federal Reserve post. Mr. Bernanke’s term ends in January 2014.

On Tuesday, Glenn Hubbard, a top economic adviser to Mr. Romney, told Reuters TV that Mr. Bernanke should “get every consideration” to stay on at the Federal Reserve, calling the chairman a “model technocrat” and saying that he deserves a pat on the back.

This here combo makes for some
common sense good news fer
I figure Glenn Hubbard got his words
all twisted, that “model technocrat”
deserves a pink slip rather than a pat
on his back.
While all this here sounds like a possum
in every pot, I can't help but recall all
that there hope and change that was
spread around like butter on a biscuit
four years ago.
I'm keepin' my fingers crossed, Romney
has my vote for bein' open enough to
take some advice from Dr. Paul.
08-24-2012, 01:00 PM #2
Kreeper Griobhtha
Posts:11,120 Threads:770 Joined:Feb 2011
Like I've said before, before you get excited about going back to the gold standard you need to ask who owns most of the gold.

Read this.

What politics from both sides wants to teach us is that things are never complex. If you have your little package and something doesn't fit into that package, You don't know what to make of it so you want to dismiss it or then you will have to do the work of reconsidering your assumptions. - Michael Malice
08-24-2012, 01:22 PM #3
Upāsaka Member
Posts:1,127 Threads:252 Joined:Feb 2011

It's election season, they're trying to get paultards to vote Romney.

In a true gold stardand pre fed, it wouldn't matter who owns all the gold as market manipulation would be very difficult. read more here http://mises.org/Literature/Author/299Thats why the fed squid took over and their 100 year charter is up next year, to be rubber stamped next year.
08-24-2012, 03:20 PM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,201 Threads:1,487 Joined:Feb 2011
Some bleak prospects Kreeper, and P - Thanks


I'm adding him to the avatar section. coffeetime.gif


08-24-2012, 04:20 PM #5
Shadow Incognito Anonymous
Just campaigning. He'll say anything. If they peg the dollar to gold, gold would instantly rise to $50k/ounce and the POO would never allow that.
08-25-2012, 11:34 PM #6
yankees skier
Posts:5,032 Threads:215 Joined:Feb 2011
I thought Gold wasn't money. chuckle.gif

08-26-2012, 12:32 AM #7
Shadow Incognito Anonymous
(08-25-2012, 11:34 PM)yankees Wrote:  I thought Gold wasn't money. chuckle.gif

That's right, it's a barbarous relic chuckle.gif beerbong.gif



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