You are wrong on this. The market needs a stable system of exchange to function properly. Multiple competing currencies do not provide stability. All of these RP experiments would throw the economy into havoc.
I think you are missing the whole point. For many decades now we've deflated our currency (by lowering interest rates) to pretend we are offering stability. In fact we've been really fucking up as a country and now it's home to roost.
It stops working when you can't lower that value any more -- and that's where we are at.
The dollars real value is based off that interest rate. When we print money it's supposed be backed by debt. Basically the reserve says, o.k. these people want to borrow 10 billion dollars at x percent. Print it - and as we get paid back it increases the value of the next set of money we print off. Sure there will be some defaults but not more than the interest rate we are charging.
Now what we are doing is just printing money not even backed up by interest.
That's what causes inflation. It also causes us as a country to go way deeper in debt because our dollars go way down.
Now the real question is why are we doing this. It's possible that our leaders are just selfish idiots or it's just as possible they are trying to destroy this nation. That destruction gives democrats power, bankers more money, the military/industrial complex big bucks, etc...
So when you need 400 dollars to buy a loaf of bread you lose. BUT the government wins.
BECAUSE
While the dollar is worthless they will do a massive "new deal" type thing. And using debt they will flood trillions into the economy (making that bread 600 a loaf). Then they will jack the interest rates up for borrowing and slash spending.
Slowly the value of a dollar will rise. When you borrowed an ass load at a dollar worth pennies - when it's back up to a dollar value it's like free money.
Except YOU paid for it. Your family will suffer, etc...
Here is an alternative for you - and what Ron Paul's direction heads.
1.) The federal reserve can stuff it - it's dollar type 1. They can tweak that interest rate and do what they want. We don't control them now either - it's NOT a branch of our government. It's a bank that SOUNDS like it's part of the government. You however MUST spend this money to buy anything. You can't spend peso's or gold.
2.) A new U.S. government dollar backed by gold/silver/real wealth. Our country benefits from interest instead of a bank. It's our ass on the line for the fed reserve money - this way we benefit.
3.) Actually spend gold and silver as cash.
So number 3 protects your liberty. If you have gold, and I'm willing to accept it as payment. We should have the right. Number 2 protects our sovereignty as a nation. We shouldn't be beholden to a bank as a country.
Number 1 can't go away fast. It would destabilize things.
Now I know I'm not a great 'point maker' like some of the folks on this forum. I probably shouldn't be advocating for RP
However, I'm older than a lot of you. I know that when I open up the classifieds in the paper I see people working doing jobs I did 20 years ago and making less BEFORE inflation. Once you add that inflation in, they aren't making shit.
So the real question is.......
When you work for an hour should you end up with money in your pocket? Or should you just have enough for a tube of cheap toothpaste?
I know where I stand. I don't care about Religion in politics, I don't care about abortion (that can all be states rights). I do care about my kids future - and it's looking pretty grim. Voting for one more shill won't fix anything.
RP at least has a vision for the country - one he's advocated for a long time. It's one I can get behind and one that has a better chance of giving my kids a future.
