ron paul=awesome/kickass?

[Dr. Love]

Here's one thing that most Americans don't realize about oil/gas prices....it's the criminal oil speculators who rig the prices

How The Gas Prices Are Manipulated By The Koch Brothers And Other Wall Street Players

Rest here!

I think what the chart is showing is that the value of oil stays relative to the value of gold, whereas both are valued wildly different from the dollar (most likely a chart of "value" of gold in dollars would show similarly wild swings)

[kwame k]

I get that but even on a gold standard oil speculation has dramatically skewed the game to the point where the price of gold isn't really a factor anymore.

Meaning...that oil prices are no longer dictated by demand, it's rigged now.....you have speculators buying oil cheap and falsely creating a demand that isn't there and when the standard of... demand = rising oil prices.... is no longer a true standard, regardless of the dollar or gold's value.

You can't have an accurate benchmark because they have created a false demand.

[Dr. Love]

[Dr. Love]

[Dr. Love]

[Dr. Love]

[Dr. Love]

[knuckleboner]

ron paul demonstrates a complete lack of economic understanding with his gold thing.

do dollars depreciate? yes, that's why you invest. if we all got paid in gold, everybody would just let it stay in their bank vault. economic growth needs investment.

[Dr. Love]

um... what?

If we got paid in gold/silver coins, we could still invest it. It would be money, just like dollars are today. The difference would be ... the federal reserve couldn't just invent more of it out of thin air.

[Dr. Love]

great video

[Dr. Love]

[Nitro Express]

I get that but even on a gold standard oil speculation has dramatically skewed the game to the point where the price of gold isn't really a factor anymore.

Meaning...that oil prices are no longer dictated by demand, it's rigged now.....you have speculators buying oil cheap and falsely creating a demand that isn't there and when the standard of... demand = rising oil prices.... is no longer a true standard, regardless of the dollar or gold's value.

You can't have an accurate benchmark because they have created a false demand.

If you can keep the actual supply a secret then you can manipulate prices on anything.

[Nitro Express]

um... what?

If we got paid in gold/silver coins, we could still invest it. It would be money, just like dollars are today. The difference would be ... the federal reserve couldn't just invent more of it out of thin air.

A paper financial system is only as good as the people running it. Notes and bonds are nothing more than a IOU. When people don't get their money back they get reluctant to continue to use the system. They are going to want something real so this is where your gold and silver coins come in. We might go back to that if the high level of corruption in the financial system continues. The actual economy is real stuff and real services. The paper is just paper and it only works if you can actually at the end of the day get something real out of it.

[Nitro Express]

Rand Paul was being interviewed on a local radio program and he said his father and Mitt have nothing going together. Of course the program host is very pro Romney and was alluding to Ron Paul being Mitt's running mate. These establishment repukes are still trying to make us think Ron Paul can't win. Rand said his father's campaign is still going very well and said the name of the game is delegates and not straw polls or media time. Santorum just continues to make himself look stupid by saying stuff that isn't true.

[Nickdfresh]

um... what?

If we got paid in gold/silver coins, we could still invest it. It would be money, just like dollars are today. The difference would be ... the federal reserve couldn't just invent more of it out of thin air.

Sheer fantasy. Most actual economists without an irrational ideological bent will tell you a return to the Gold Standard is not only silly as there isn't enough gold in the world to actually do it, it would throw the economy into chaos...