Home › Forums › Financial Markets/Economics › Ron Paul Questions and Concerns Well
- This topic has 266 replies, 21 voices, and was last updated 13 years, 2 months ago by
scaredyclassic.
-
AuthorPosts
-
October 31, 2011 at 9:49 AM #731704October 31, 2011 at 9:52 AM #731705
markmax33
Guest[quote=pri_dk]Do you think everyone will trade in their jewelry when we are on the gold standard and gold costs $30,000/ounce?
A simple gold wedding band would be worth more than $3,000.
I’d be afraid to wear mine in public.[/quote]
While gold will disporpotionally become worth more than most goods, it’s not a 1:1. When gold is $30k/ounce, probably in the next 10 years at the current rate without change, a loaf of bread will probably be $20 and our salaries will increase by 8X. The thing about inflation is there is a SLOW long protracted difference betwen the increase in salaries and the increase of goods. The 2-4% per year isn’t obvious which is the sinister part of the deal. The next thing you know, you wake up and you have 2 families living in every home in America and it will seem normal. Kids will live at home until they are 40 to help pay off mortgage for the parents.
October 31, 2011 at 10:01 AM #731706Guest[quote=markmax33]It would likely be a much higher figure than the current $1600/ounce or whatever we are at currently.[/quote]
[quote=pri_dk]
What hasn’t been audited? Or the gold reserves?
[/quote]The Gold supply has never been audited in Fort Knox. The money supply certainly isn’t audited from the federal reserve.
[quote=pri_dk]
We don’t know the money supply? (Then what are all those “M” numbers the government keeps publishing?)
[/quote]We have partial figures for M1 and M2 (I think) but M3 is the money the fed just randomly creates without printing and that has never ever been published reliably. During the first ever PARTIAL audit of the federal reserve last year that Ron Paul FINALLY got through Congress, the FED loaned $15,000,000,000,000 in one year that is MUCH MUCH more than the printed money. Crazy right? We would have never known without that partial audit.
[quote=pri_dk]
Can we at least make an estimate using the numbers we have?Has Ron Paul done the math?[/quote]
I think the belief is 5x-20x based on the lack of information. It isn’t know how much gold there is in Fort Knox. They were selling some of it off to foreign banks at one time.
October 31, 2011 at 10:10 AM #731707Anonymous
GuestIn 1990, I bought a brand new Honda Accord LX for $16K.
Today they cost about $22K. And they are much better cars.
They have loaves of fresh bread at WalMart for a buck fifty. My kids love that stuff.
Although Legos seem to be more expensive now – but they’ve changed.
I make a lot more money today than I did in 1990 – like several times more.
This inflation thing doesn’t seem so bad.
October 31, 2011 at 10:37 AM #731712aldante
Participant[quote=pri_dk]In 1990, I bought a brand new Honda Accord LX for $16K.
Today they cost about $22K. And they are much better cars.
They have loaves of fresh bread at WalMart for a buck fifty. My kids love that stuff.
Although Legos seem to be more expensive now – but they’ve changed.
I make a lot more money today than I did in 1990 – like several times more.
This inflation thing doesn’t seem so bad.[/quote]
pri_dk
I paid $76/per pay period for health care 1997. Today that is $238 per pay period. I work for the same company and I have the same number of dependants and I have Kaiser since 1997. When the company contribution changed in 2003 I was at $157 per pay period. The cost of education when I (delayed) graduated was about 5k a year for my state school in 1994. Today I am figuring about 3-4 times that amount for my daughter. When I bought my house in 92008 I paid $109/per sq foot, my purchase in 92010 (not as nice imho) in August 2011 was at $257.46. My income has gone up about 300% since 1997 but not my after tax income. Gas was 1.29 in 1999 today it is 3.73. That is a 146% rise.
However my first apple computer purchased in 1992 was $2500 and it has 4mb ram 4mb in hard drive (mb not gb!).I am just sharing info….
October 31, 2011 at 10:55 AM #731714Guest[quote=pri_dk]In 1990, I bought a brand new Honda Accord LX for $16K.
Today they cost about $22K. And they are much better cars. [/quote]
You are accepting a 38% increase willingly? The technology increases are fairly minor if you compare them to other industries that have less GOV influence. CPUs speed double every 1.5 years according to Moore’s law. I think the changes are fairly minor overall in comparison.
[quote=pri_dk]
They have loaves of fresh bread at WalMart for a buck fifty. My kids love that stuff.
[/quote]You are lucky China has linked the Yuan to our dollar. It won’t stay that way forever. Wallmart’s prices will go up significantly and they are trying to pass a 30% tariff in Congress right now. China is delinking the Yuan from the dollar and we will feel the pain.
[quote=pri_dk]
Although Legos seem to be more expensive now – but they’ve changed.
[/quote]A change in mold designs is nothing. It’s still pieces of plastic that kids play with.
[quote=pri_dk]
I make a lot more money today than I did in 1990 – like several times more.This inflation thing doesn’t seem so bad.
[/quote]Obviously you make more money. You probably have progressed in your career. You should look at the job you had in 1990 and see what it is paying today, or the job you have today back in 1990. You have to hold things equal. It is a SLOW decline that sucks from society. Do you not agree with that point? It’s happened 1000s of times. Did you invent something different?
October 31, 2011 at 10:58 AM #731717Guest[quote=aldante][quote=pri_dk]In 1990, I bought a brand new Honda Accord LX for $16K.
Today they cost about $22K. And they are much better cars.
They have loaves of fresh bread at WalMart for a buck fifty. My kids love that stuff.
Although Legos seem to be more expensive now – but they’ve changed.
I make a lot more money today than I did in 1990 – like several times more.
This inflation thing doesn’t seem so bad.[/quote]
pri_dk
I paid $76/per pay period for health care 1997. Today that is $238 per pay period. I work for the same company and I have the same number of dependants and I have Kaiser since 1997. When the company contribution changed in 2003 I was at $157 per pay period. The cost of education when I (delayed) graduated was about 5k a year for my state school in 1994. Today I am figuring about 3-4 times that amount for my daughter. When I bought my house in 92008 I paid $109/per sq foot, my purchase in 92010 (not as nice imho) in August 2011 was at $257.46. My income has gone up about 300% since 1997 but not my after tax income. Gas was 1.29 in 1999 today it is 3.73. That is a 146% rise.
However my first apple computer purchased in 1992 was $2500 and it has 4mb ram 4mb in hard drive (mb not gb!).I am just sharing info….[/quote]
You quote all these things that have increased by 100%+. Has the salary of the job that you first held increased by 100%+?
October 31, 2011 at 10:59 AM #731718Guest[quote=aldante]I paid $76/per pay period for health care 1997. Today that is $238 per pay period. I work for the same company and I have the same number of dependants […][/quote]
What is “health care?”
Do you get exactly the same thing for your money as you did in 1997?
Is health care better today than it was in 1997? Are there new treatments, drugs, etc. that you now get with your policy?
Have you compared all the numbers in the policy you have today with the policy you had back then? Or are you only looking at the price (and not the price, but the portion of the price that you pay vs. your employer.)
Inflation is only one of many reasons health care costs are rising.
[quote]The cost of education when I (delayed) graduated was about 5k a year for my state school in 1994. Today I am figuring about 3-4 times that amount for my daughter.[/quote]
Yup. So if your daughter goes to college 30 years after you did, and the cost is 4x as much, that means the annualized inflation rate for education is about 4.7% A little high, but not outrageous.
And just like health care, there are many reasons the price of state operated education is changing. There’s much more to it than just simple inflation.
But ending the Fed will fix everything.
October 31, 2011 at 11:10 AM #731719scaredyclassic
ParticipantI think Ron Paul opposes the civil rights act as beyond constitutional authority. He’s got a super narrow view of what’s constitutionally kosher, certainly not a view the us supreme ct follows.
IMO , constitutionalists and originalists are not really rooted in the reality of life.
October 31, 2011 at 11:26 AM #731721SK in CV
Participant[quote=walterwhite]I think Ron Paul opposes the civil rights act as beyond constitutional authority. He’s got a super narrow view of what’s constitutionally kosher, certainly not a view the us supreme ct follows.
IMO , constitutionalists and originalists are not really rooted in the reality of life.[/quote]
In fairness, I think that was his son, Rand Paul. Maybe Ron too, but the big news about it was Jr.
October 31, 2011 at 11:49 AM #731723Guest[quote=walterwhite]I think Ron Paul opposes the civil rights act as beyond constitutional authority. He’s got a super narrow view of what’s constitutionally kosher, certainly not a view the us supreme ct follows.
IMO , constitutionalists and originalists are not really rooted in the reality of life.[/quote]
You are completely uninformed when you make a statement like this. He clearly explained that the GOV created slavery when creating the constitution and explained the North didn’t agree with it and regretted the decision and went to war later. He then went on to say he would ABSOLOUTELY repeal the Jim Crow laws, which were the slavery laws. You are lying.
The ONLY part he did not think was constitutional was forcing people who own private property to allow people in their businesses they didn’t want to. If they wanted to be bad businessmen and not let a group of people in their business then the GOV shouldn’t be allowed to limit the rights of what they did on their property. Businesses should be allowed to fail and the GOV shouldn’t intervene in their affairs. The second you start allowing the GOV to start infringing on your property rights, they will take something else you don’t like. It’s happened 1000s of times in history.
October 31, 2011 at 11:54 AM #731724Guest[quote=walterwhite]I think Ron Paul opposes the civil rights act as beyond constitutional authority. He’s got a super narrow view of what’s constitutionally kosher, certainly not a view the us supreme ct follows.
IMO , constitutionalists and originalists are not really rooted in the reality of life.[/quote]
How is following the rules of the constitution, the best set of lessons learned from a failed empire ever, all of a sudden a crazy idea? Remember it’s been since we stopped following those rules we are $14.8T in debt! Stop violating the most awesome document ever created and marginalizing it. You sound so crazy!
October 31, 2011 at 12:21 PM #731722Participant[quote=pri_dk][quote=aldante]I paid $76/per pay period for health care 1997. Today that is $238 per pay period. I work for the same company and I have the same number of dependants […][/quote]
What is “health care?”
Do you get exactly the same thing for your money as you did in 1997?
Is health care better today than it was in 1997? Are there new treatments, drugs, etc. that you now get with your policy?
Have you compared all the numbers in the policy you have today with the policy you had back then? Or are you only looking at the price (and not the price, but the portion of the price that you pay vs. your employer.)
Inflation is only one of many reasons health care costs are rising.
[quote]The cost of education when I (delayed) graduated was about 5k a year for my state school in 1994. Today I am figuring about 3-4 times that amount for my daughter.[/quote]
Yup. So if your daughter goes to college 30 years after you did, and the cost is 4x as much, that means the annualized inflation rate for education is about 4.7% A little high, but not outrageous.
And just like health care, there are many reasons the price of state operated education is changing. There’s much more to it than just simple inflation.
But ending the Fed will fix everything.[/quote]
pri-dk
As far as healthcare expenses go, my provider is exactly the same -Kaiser. My coPay actually went from $15 to $25 per visit.
My daughters first year of college will be on 2014. So that is 20 years not 30. I know that’s weird but I went into USMC after H.S.
I have worked for the same firm for 17 years.
I think the cost of some things in my life have come down but lots and llots has gone up like water and gas. yuck.
Btw Ron Paul thinks that ending the fed will decrease the inflation for lots of reasons but as far as education the logic goes roughly like this.
When the government gets into the education business, the suppliers have a steady, and increasing source of demand. This is because the government is always flush with cash and sending more students their way. Espeically with the fed backstopping their every move. In other words, our representatives do not have to raise taxes to add more government service. We never directly voted to increase the Governements involovment in education. The Fed just prints the money and the Treasury issues debt. That is why we have such huge debt. No hard decisions have had to be made. Every Congressman just gets enough pork sent to their district to get respected and reelected. The absolute best example that I can conjure is that Prez. Bush supported “no child left behind” which threw lots of $$ at education, while traditionally Republicans have been for abolishing the Department of Education. No wonder we had such great “bipartisenship”.
If there were no Fed the congress would have to choose between WARS and welfare. Becasue they would have to either raise new taxes or cut some other service. Like in the real world. Now they dont. Now they just tell us how generous they are with our money.October 31, 2011 at 12:42 PM #731729GuestI’ve seen a few Ron Paul interviews and I think in every one of them he answers several questions with “The Constitution says…”
He seems pretty sure of what it says and what it means.
It’s almost as if he’s suggesting that every Supreme Court justice never actually read it or just totally missed the point.
Where does it say these Supreme Court guys get to be the last word on the Constitution anyway?
October 31, 2011 at 12:52 PM #731730ParticipantMarbury v Madison is the case that stands for the proposition that the us sup ct is the final arbiter on how to interpret the language of the constitution. So when Ron Paul reads the literal language of, say the commerce clause, if he follows the law, he doesn’t get to ignore the last few hundred years of sup cf precedent trying to figure out just what the heck the commerce clause means, what the limits are, etc.
-
AuthorPosts
- You must be logged in to reply to this topic.