Free Talk Live

Among the silliest things that people say about gold standard systems is that under them, the “money supply” grows about 2% per year, due to mining. This is demonstrably false – not only that, but so utterly wrong as to induce falling-off-the-chair guffaws from those who understand such things. For an example in the United States in 1775, the total amount of currency in circulation (primarily gold and silver coins) was an estimated $12 million. In 1900, it was $1,954 million – an increase of 163x!

Romney Resisting Reform

Sovereign citizens getting put on lists.
Opposing taxation, supporting the gold-standard, and opposing regulations makes you an "extremist" according to the FBI.

"The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard."

"Sovereign members often express particular outrage at tax collection, putting Internal Revenue Service employees at risk."

An under-reported development of this campaign season is the Republican Party's decision this week to send Gov. Mitt Romney into the presidential race on a platform effectively calling for a new gold commission. The realization that America's system of fiat money is part of its economic problem is moving from the fringes of political discussion to the center.

It seems the Utah state House is taking the advice of Texas U.S. Rep. Ron Paul, officially stamping gold and silver as legal tender.

Read more: http://www.thestatecolumn.com/state_politics/utah/gold-standard-in-utah-...

It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion ....

In the months leading up to the US intervention in Libya, Gaddafi had been organizing African and Arab nations to adopt a new international currency to unseat the US Dollar as the standard for the sale of oil. Gaddafi planed to introduce the Islamic Gold Dinar… that’s right… terrorist money!

'The South Carolina General Assembly finds and declares that the State is experiencing an economic crisis of severe magnitude caused in large part by the unconstitutional substitution of Federal Reserve Notes for silver and gold coin as legal tender in this State.

Unfortunately, too much attention got directed to Clint Eastwood and lost in the discussion was a plank on the GOP platform of interest to those desiring sound money.