Ron Paul on Gold and Silver

Ron Paul on Gold and Silver interviewed By Mike Maloney.

Excellent interview with Ron Paul on gold and silver by mike Maloney, well worth the watch.

First posted in August 2011 by Mike Maloney on youtube.

Ron Paul (born August 20, 1935) is an American physician, author, and former Republican congressman, He represented the 22nd congressional district from 1976 to 1977 and from 1979 to 1985, and then represented the 14th congressional district, which included Galveston, from 1997 to 2013. On three occasions he ran for the Presidency of the united states,  in the 1988 Presidential election he was the presidential nominee of the Libertarian party and was a Republican presidential candidate in 2008 and 2012. Paul is a critic of the Federal government’s fiscal policies, especially the existence of the Federal Reserve, the tax policy, the military industrial complex, and the war on drugs. Paul was the first chairman of the conservative PAC and has been characterized as the “intellectual godfather” of the Tea party movement.

Paul has been described as conservative and libertarian. According to University of Georgia political scientist Keith Poole, Paul had the most conservative voting record of any member of Congress from 1937 to 2002 and is the most conservative of the candidates that had sought the 2012 Republican nomination for president on a scale primarily measuring positions on the role of government in managing the economy – not positions on social issues or foreign policy matters. Other analyses, in which key votes on domestic social issues and foreign policy factor more heavily, have judged Paul much more moderate. The national journal, for instance, rated Paul only the 145th most conservative member of the House of Representatives based on votes cast in 2010.

The foundation of Paul’s political philosophy is the conviction that “the proper role for government in America is to provide national defense, a court system for civil disputes, a criminal justice system for acts of force and fraud, and little else.” He has been nicknamed “Dr. No,” reflecting both his medical degree and his insistence that he will “never vote for legislation unless the proposed measure is expressly authorized by the Constitution.

He has pledged never to raise taxes and states he has never voted to approve a budget deficit. Paul believes that the country could abolish the individual income tax by scaling back federal spending to its fiscal year 2000 levels; financing government operations would be primarily by excise taxes and non-protectionist tariffs. He endorses eliminating most federal reserve agencies, terming them unnecessary bureaucracies.

On April 15, 2011, Paul was one of four Republican members of Congress to vote against Rep. Paul Ryan’s budget proposal, known as “the path to prosperity.”

Paul has consistently warned of hyperinflation as far back as 1981. While Paul believes the long term decrease of the U.S. dollar’s purchasing power by inflation is attributable to its lack of any commodity backing, he does not endorse a “return” to a gold Standard – as the U.S. government has established during the past – but instead prefers to eliminate legal tender laws and to remove the sales tax on gold and silver, so that the market may freely decide what type of monetary standard(s) there shall be. Since 1999, he has introduced bills into each Congress seeking to eliminate the Federal reserve system in a single year.

He endorses free trade, rejecting membership in the North American Free Trade Agreement  (NAFTA) and the world trade organisation as “managed trade”.

Probably one of the few consistent honest politicians left in the world.

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