For the first couple of weeks I didn’t trust you because of that bad hair cut! After watching Happy Hour with Eric and Rebecca for a while I really appreciate your hatred of our new welfare economy. I didn’t understand your contract law comments until today. Basically, you are saying honor your obligations and don’t make someone else pay for one’s mistakes. What a concept! Keep up the fight against the UAW. They may ultimately destroy the U.S. car companies before they destroy themselves. Its ok though because Toyota, Honda and BMW will pick up the slack.

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6ftrabbit,

The Gold Standard may not be perfect, but most of us that understand what sound money would do will take it. The alternative is the system we have that has lead us to where we are. The Fed can’t do the job congress gave them the power to do; the market can do it without them. The problem with a fiat system is there is nothing to redeem your currency to, there are no checks on endless inflation and counterfeiting via printing of money and treasuries that leads to devaluation of the dollar and the loss of our purchasing power.

You could benefit by reading a little history of money and banking and understand that gold became money for a reason and the reason was trust in it as value and accepted use for barter. The Federal Reserve Note is money by law (decree of a government via legal tender laws), there is a difference there. True you can’t eat gold but you can’t eat paper either. The Fed has endless printing ability, only God can make more gold.

Our energy should be focused on legalizing a competitive currency. Let’s see the Federal Reserve monopoly of money broken! Get the government and the government backed federal reserve out of banking and win a free country.

Stop paying your taxes and your mortgage..end of the government, end of the elite, start of a new govrenment.

And guess what you got a free house out of it!

Back to farming for yourself and family..no more working (slaving) for the white man

It’s their meddling that got us into this mess, not the free market.

Some of gold’s advantages as a monetary metal are:
1. It is relatively rare
2. Its supply is difficult to increase at a high rate.
3. It is fairly indestructible.
4. It has always been considered valuable by most civilizations.

You are correct that it can’t be eaten or burned, like our paper money. Some of its limitations as an industrial metal have more to do with its rarity rather than its properties (its resistance to corrosion would make it the material of choice for many electrical and plating applications, if only it weren’t so expensive). But item 4 above, whether it’s absolutely rational or not, makes it superior to paper as money. No one considers paper intrinsically valuable. We consider it money because the government says it is. That’s even less rational.

Great piece. Nice to see somebody in the media is paying attention. I was wondering if you could cover another article explaining the history and going over the unconstitutionality of the FED … i know it sounds boring … but it is a necessary piece of information for many many people to see.

P.S.
For all those people on here explaining that the FED has to be replaced by something? No it doesn’t … you don’t want to replace a serial killer with a group of murderers …

The fact is that the market will fill the gap and take control of itself.