Gold Standard ??Ideas of a Radical??

"Since your dollars have no intrinsic value, they are subject to currency market fluctuations and ruinous government policies, especially Fed inflationary policies. Every time new dollars are printed and the money supply increases, your income and savings are worth less. Even as you save for retirement, the Fed is working against you. Inflation is nothing more than government counterfeiting by the Fed printing presses. Inflation acts as a hidden tax levied disproportionately on the poor and fixed-income retirees, who find the buying power of their limited dollars steadily diminished. The corporations, bankers, and wealthy Americans suffer far less from this inflation, because they can take advantage of the credit expansion that immediately precedes each new round of currency devaluation." -Ron Paul

Just to entertain myself I looked up historical gold prices. For fun lets say in 1971 you paid $30,000.00 for a house. In 1971 the price of gold was $44.60/ once. Theoretically then the house could have been purchased with roughly 673 ounces of gold. Today 673 ounces of gold is worth $559,936.

Everyone knows that owning a home will bring some kind of wealth overtime, as long as the property can be used. People expect real estate to go up in value, so it makes sense that a house purchased in 1971 is worth so much more today.

However, if you look at this with a twist, it takes on new meaning. If you sold that home in 1971, put $30,000 in a coffee can, and buried it your backyard you would still only have $30,000. Compared to 1971 it would seem like less money when slated against it's actual buying power today. Now if you had taken 673 ounces of gold, and buried it in your back yard you would have a sizable amount of money compared to the value of the same paper money that could have been had for the house.

This example leaves a lot out of the equation. The house may be worth more, or less than the gold because it is real estate which follows a different market. The real point is that the value of the dollar is not stationary and, 36 years ago burying any amount of money would have been a terrible idea. If US dollars were backed by gold.... you would not have done so bad with the same philosophy.

I don't think it says anywhere in the Constitution that he government derives their money from the people. So who then has allowed the government the power to create money out of thin air, and loan it away as if it were something tangible? The way our money system works is likable to children drawing pictures, and then recounting "tall tales". They have imagined something, and put it in picture form to impress themselves and others. The only difference is the imaginations of children don't damage entire nations, and the future hopes of the people therein.

More often than not people put blame for abuses of power on the government, but I believe a fare share of that blame should be carried, and the pains of labor felt by the apathetic electorate.

The Revolution is alive, and the new awakening of the spirit of freedom makes itself known. My countrymen, do not forget the love of your country and her people when you take away the seats of your governors one by one with your ballot of liberty.