Preface to the jolly roger dollar ron paul published gold, peace, and prosperity in 1981. Ron paul endorses randy weber in race to replace him in. Bush tapped ben bernanke as the new chairman of the federal reserve board, we ran. My book about paul, with much more on his fight against the fed, will be. The paper currency people use in transactions is only a substitute for money proper, which traditionally has been gold and silver coin. Jul 18, 2012 ron paul took his opportunity to speak to ben bernanke today to give the federal reserve chairman a much needed lecture on the difference between inflation deflation which are defined by an increase or decrease in the supply of money vs.
House financial services committee meeting shortly after reports surfaced that the federal reserve was preparing for a third round of quantitative easing. Nobody seems to know why theres no us inflation financial times. Ron paul on g20 summit in pittsburgh september 24 2009 cnn larry king stephen baldwin drug legalization marijuana rudy giuliani terrorism 911 republican debate campaign ronpaul2008 election koger center usc south carolina ben bernanke federal reserve. The political positions of ron paul rtx, united states presidential candidate in 1988, 2008, and 2012, are generally described as libertarian, but have also been labeled conservative. Likewise, as a financial asset, they are subject to speculative bubbles and crashes. It seems that bernanke is not interested in understanding anything. As friedman and schwartz noted in their book, countries such as chinawhich used a silver standard rather than a gold standardavoided the depression almost entirely.
Bernankes response actually couldnt have been much clearer. Ron paul readies his salvos for last showdown with feds. Apr 20, 2016 all that glitters is not gold at least in the eyes of former u. Nov 16, 2007 fake gold and silver ron paul coins seized federal agents raid liberty dollar headquarters in indiana below. Jul 18, 2012 the gop candidate scolded bernanke for being secretive and while at the same time claiming the financial crisis is far from over. On cnbc s futures now tuesday, the esteemed market watcher said that if theres one thing investors should be. Bernankes estimate of 2 percent, so he says they should split the difference at 5 percent. Ron paul, ben bernanke, and the fallacy of using single commodities to value the dollar lowhanging fruit. He then pulled out a silver eagle, a silver coin that has nominal face value of one. In 1982, paul was the prime mover in the creation of the u. Fake ron paul coins seized politics decision 08 ron. Get your hands on this limited and exclusive silver coin and own a piece of history. Last week federal reserve chairman ben bernanke delivered what may well be his last congressional testimony before leaving the federal reserve in 2014. Wednesday is ron paul s last chance to grill federal reserve chairman ben bernanke on the feds role in destroying the economy and the dollar.
The obverse of this handsome silver round is the profile of dr. Unfortunately, his farewell performance was full of contradictory comments about the state of the economy and the effects of fed policies on the market. Ron paul tells bernanke he killed the dollar, silver coin in hand. So the volunteer network created a secret weapon the ron paul dollar. Good read for anyone looking to understand why we need sound money and how to do it without bringing down the system. Two more ron paul fed conspiracy theories have just been debunked. Sound money, he says, is money that is fully redeemable.
Jul, 2011 bernanke s response actually couldnt have been much clearer. Jun 19, 2012 ron paul holds up a oneounce silver coin while questioning federal reserve bank board chairman ben bernanke during a full hearing of the house financial services committee on capitol hill. Ron paul talks about our current monetary crisis and gives you a very in depth history of money and banking in the united states. The finding that the time at which a country left the gold standard is the key determinant of the severity of its depression and the timing of its recovery has been shown to.
It is an attack on anything resembling a gold coin standard. Dec 31, 2011 in this pamphlet, paul puts it all in perspective with everyday language, as if hes talking to you over lunch. His main focus was the emphasis on allowing alternative currencies. Ron paul readies his salvos for last showdown with. An mp3 audio file of this article, read by jeff riggenbach, is available for download. Nov 16, 2007 an east village resident who was cocreator of the ron paul dollar, nicolas leobold, said the raid was like the behavior of a schoolyard bully.
Mar 05, 2012 ron paul put the pressure on bernanke on the inflation the fed is causing and what is to come. Provident metals possesses the exclusive rights to the production of these collectible and unique silver rounds, and we have guaranteed an extremely. It is therefore a defense of central banking in general and the federal reserve system in particular. Provident metals is proud to announce the exceptionally limited release of our 1 oz proof ron paul silver round just in time for the republican presidential caucuses and primaries of the 2012 united states presidential election. Barney frank, after paul questioned federal reserve chair ben bernanke about the charges during a congressional hearing. Norfed 1 oz silver ron paul coin how much are these worth. On three occasions, he sought the presidency of the united states. Crafted from a heavy troy ounce of investmentgrade. This new federal reserve report debunks two big ron paul. This book examines the us dollars evolution from a precisely defined weight of the.
A regional currency officer for the liberty dollar in southcentral pennsylvania, pete hallock, said he had ordered silver dollars in various denominations and would probably never get his money back. Jul, 2011 congressman ron paul gives an opening statement and questions federal reserve chairman ben bernanke at the semiannual humphreyhawkins hearing before the house financial services committee. Tips for collecting antique silver coins in your own neighborhood by. How to become a successful bitcoin traders ways to effectively protect against scams and hacks information on bitcoin a journey through its progress and development. Wednesday is ron pauls last chance to grill federal reserve chairman ben bernanke on the feds role in destroying the economy and the dollar. Ron paul uses a silver circle to teach ben bernanke a. Bernanke on a bailout of the treasury david frum has written an article for cnn, ron pauls money plan is far from golden. To end the fed, paul will have to start questioning it. The financial crisis is far from over freedom outpost. Ron paul just put on a great show in front of bernanke. I found the book to be a relatively easy read, but found myself often stopping to think about what was proposed, so it took a bit longer to get through than expected. Federal reserve chairman ben bernanke appeared before the house financial services committee on wednesday and he faced the arch rival to him and the federal reserve in a final showdown. Ron paul holds up a silver coin and tells ben bernanke. Ron paul tells bernanke he killed the dollar, silver coin.
Ron paul told bernanke that in 2006, as he took the top spot at the. Fed chairman ben bernanke had few friends in congress on wednesday as he responded to accusatins by ron paul that he loved paper. There is an alternative to national bankruptcy, a bigger police state, trillion dollar wars, and a government that draws ever more parasitically on the productive energies of the american people. While the conversation was rather onesided, paul was able to make his points. Nancy pelosi refuses to take coronavirus test despite being exposed. Against a field of stars and stripes, ron pauls contemplative image adorns the obverse of this inspirational fine silver medallion. Provident metals is pleased to announce the extremely limited release of our 110th oz ron paul gold bullion coin. Due to volatility in the futures market, please call for current availability and spot prices. It was specifically designed to popularize ron paul s campaign, put more real money in the peoples hands, attract more media attention and political memorabilia collectors.
An east village resident who was cocreator of the ron paul dollar, nicolas leobold, said the raid was like the behavior of a schoolyard bully. Just in time for the beginning of the 2012 election season, provident metals is pleased to announce its exclusive, limited edition 1oz silver coin honoring dr. Son of james law, a wealthy scottish goldsmith and banker, john was born and. Ron paul on g20 summit in pittsburgh september 24 2009 ron paul on g20 summit in pittsburgh september 24 2009 category. Sep 14, 2009 in his newest book, end the fed, congressman ron paul explains that the present monetary system under the federal reserve is immoral and that the fed must be abolished and the nation must return. Ron paul holds up a oneounce silver coin while questioning federal reserve bank board chairman ben bernanke during a full hearing of the house financial services committee on capitol hill. Ron paul ron paul grills bernanke during the congressional joint economic committee hearing into the state of the u. Ron paul put the pressure on bernanke on the inflation the fed is causing and what is to come.
Congressman ron paul gives an opening statement and questions federal reserve chairman ben bernanke at the semiannual humphreyhawkins hearing before the house financial services. While i dont agree with all of ron pauls views, the man makes an interesting case for a new monetaryeconomic system in end the fed. Feb 29, 2012 ron paul told bernanke that in 2006, as he took the top spot at the federal reserve, an ounce of silver bought about 4 gallons of gas. No reflects both his medical degree and his assertion that he will never vote for legislation unless the proposed measure is expressly authorized by the constitution. Chairman bernanke tells congressman paul that gold is not money and that banks only hold gold because of tradition. Someone is stealing wealth, said ron paul, in full campaign mode. He then pulled out a silver eagle, a silver coin that has nominal face value of one dollar that is legal tender. This important and authoritative book by two of americas leading. Ron paul on g20 summit in pittsburgh september 24 2009 cnn larry king stephen baldwin drug legalization marijuana rudy giuliani terrorism 911 republican debate campaign ronpaul2008 election koger center usc south. Federal agents, in a move that could have an impact on the presidential race, raided the indiana office of the issuer of a private currency known as the liberty dollar and seized tens of thousands of coins bearing the likeness of a presidential candidate, rep. Only available through provident metals, these stunning. Just because something has value even great value that doesnt make it money. Ron paul touched a chord when he asked, in november 2010, how the fed. A reader could get through his robust prose during an hour lunch break.
Congressman and presidential candidate ron paul questions federal reserve chairman ben bernanke on is gold money. Bernanke for, in effect, stealing the wealth of americans by. I followed up by asking him why central banks hold gold if its not money. Users are able to generate rpc through the process of mining. Ronpaulcoin rpc price, charts, market cap, and other. Ron paul hits ben bernanke at hearing, says fed has destroyed value of real money. To end the fed, paul will have to start questioning it gold. There, he harangued the fed chief about devaluing the dollar and refusing to legalize other forms of u. Ron paul of texas says he has at least part of the answer.
It was specifically designed to popularize ron pauls campaign, put more real money in the peoples hands, attract more media attention and political memorabilia collectors. Representative for texass 22nd congressional district from 1976 to 1977 and again from 1979 to 1985, and for texass 14th congressional district from 1997 to 20. Ron paul holds up a oneounce silver coin while questioning federal reserve bank board chairman ben bernanke during a full hearing of. Ron paul with the stars and strips of the american flag as a backdrop. Ron paul may not be perfect, but he is one of the few persons in congress who has actually read the constitution and understandibly watches in utter disbelief at the machinations which pass as. See more ideas about national front, nikki haley and british values. Ron paul, ben bernanke, and the fallacy of using single. Ron paul told bernanke that in 2006, as he took the top spot at the federal reserve, an ounce of silver bought about 4 gallons of gas.
The congressman, a candidate for the 2008 republican presidential nomination, once again has introduced a bill that would get rid of the private organization that sets interest rates and establishes monetary priorities. The ron paul revolution by ron paul economics in one lesson by henry hazlitt the law by. Paul also coowned a mailorder coin dealership, ron paul coins, for twelve years with burt blumert, who continued to operate the dealership after paul resumed office in 1996. Books about coins, paper money, gold and silver bullion collecting coins, paper money, silver and gold bullion. Flowing hair dollar, the first dollar coin issued by the united states federal government, depicting the goddess liberty and bearing the inscription liberty, minted in 1794 and 1795. Ron pauls final questions for fed chairman ben bernanke. Ron paul 110th oz gold proof coin buy tenth ounce gold.
Jul 22, 20 by ron paul last week federal reserve chairman ben bernanke delivered what may well be his last congressional testimony before leaving the federal reserve in 2014. Ronald ernest paul born august 20, 1935 is an american author, physician, and retired politician who served as the u. What makes his pamphlet especially attractive today is the speed with which it can be consumed. Ron paul took his opportunity to speak to ben bernanke today to give the federal reserve chairman a much needed lecture on the difference between inflation deflation which are defined by an increase or decrease in the supply of money vs. Ron paul uses a silver circle to teach ben bernanke. The prince of protokeynesian money cranks, both theorist and activist, was john law of lauriston 16711729. Excerpted from an austrian perspective on the history of economic thought, vol. Ron paul may not be perfect, but he is one of the few persons in congress who has actually read the constitution and understandibly watches in utter disbelief at the machinations which pass as the operation of the federal government today. All that glitters is not gold at least in the eyes of former u. Texas congressman and gop presidential contender ron paul, author of the book end the fed, held nothing back, though in some parts it was short. Due to volatility in the futures market, please call for. Liberty head double eagle a coin with a face value of 20 dollars half eagle a coin with a face value of two dollars walking liberty half dollar a coin with a face value of 0. Gold commission, and in many public speeches paul has voiced concern over the dominance of the current banking system and called for the return to a commoditybacked currency through a gradual reintroduction of hard currency, including both gold and silver. The hearing was held on wednesday, july, 2011, at 10 a.
Books about coins, paper money, gold and silver bullion. This means todays dollar is worth 5 cents in 19 dollars and it takes about twenty dollars. Fake gold and silver ron paul coins seized federal agents raid liberty dollar headquarters in indiana below. When he ran for president in 2012, he assailed then federal reserve chairman ben bernanke for debasing the. At the time paul spoke, silver was on the tail end of a speculative bubble that it has since cooled off.