““We’re printing money, we’re spending money, we have not reformed Washington. They’re destined to destroy the dollar, which means not that the gold price is going up, but the value of gold will be maintained. The value of the dollar is destined to go down.””
Dr. Ron Paul speaks with Goldseek Radio about government tracking of gold purchases, shortages at the US Mint, investing in gold coins vs gold stocks, and the Free Competition in Currency Act.
Paul addresses the section of the recently passed health care monstrosity requiring businesses to submit a 1099 for all purchases of $600 a year beginning in January 2012. He believes this may lead to further tracking of gold purchases.
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The Texas Congressman also speaks on two of his bills, the SEC Transparency Act (H.R 5970) and the Free Competition in Currency Act (H.R. 4248). H.R. 5970 would eliminate the section of Obamacare that grants the SEC immunity from freedom of information requests. H.R. 4248 would legalize competing currencies and help free up the market from the monopoly of the private Federal Reserve.
“We’re printing money, we’re spending money, we have not reformed Washington. They’re destined to destroy the dollar, which means not that the gold price is going up, but the value of gold will be maintained. The value of the dollar is destined to go down.”
Ron Paul in conversation with Lew Rockwell
Ron talks with Lew about gold’s verdict on the dollar, how government helped bring on the oil spill, the Fed’s machinations and the attempt to audit it, and the rotten foundations of the world financial system. Yet amidst bad news, millions of young people are studying Austrian economics and libertarianism. They know the crimes of the Fed, and why we need reform. In any event, reform is coming, as the shaky greenback and world dollar system go down. Meanwhile, independent voters want Ron for president against Obama and other Republicans. GOP primary voters are a different matter.