Re: Ron Paul's (Dis)Honest Money solution

Addendum -
Why can't we use gold for international trade?
There's not enough....

At $20 / ounce, the above ground stock of gold bullion =
$102,294,489,510.00 (roughly
102 Billions)

World Population: roughly 6 billion

Percapita value of all the world's gold = 102 B/ 6 B

Computes to: $17.05 USD, in gold, for every man, woman and child.
(Less than one ounce per person)

If that is the median annual salary, per hour rate would be 17.05/2080
(Assuming 40 hr work week x 52 weeks).

Hourly rate = 0.00819, or almost one cent!

(Far better than the U.S.'s case of only one half cent).

It takes a real Einstein, a whiz with numbers, the ability to count
above ten without taking off his shoes, and a genius above all others,
to espouse a return to GOLD MONEY.

-----------------------------------------------------

Alternate solutions -
[1] First, you have to outlaw / shun / eradicate usury IF the money
system is finite, and under the control of consuming parasites like
bankers (usurers), socialist pirates, or government. If the money is
not under their control, and productive people can create new money
tokens, then usury is barely tolerable.

[2] Second, you have to recognize that only producers of new goods and
services empower the creation of new money tokens used to facilitate
trade.

[3] Third, you can never, ever take something that is "inside" the
marketplace, and make it an abstraction for the whole marketplace. In
other words, you can't make a "thing" with intrinsic value to be a
representation for value of the whole marketplace. It is
mathematically unsound. There can never be a matching proportional
increase in the money token without skewing the value of the
marketplace, as a whole. (For example, the "official price" for
bullion is one value, while the coined value is far different. Leads
to great mischief. )

[4] Fourth, locally traded private promissory notes should be
immediately encouraged to end the money drought that has plagued
communities, and forced them into subjugation to usurers. (No, there
is not a "glut" of money tokens driving up prices. Due to the
outstanding debt and interest, there's a massive shortfall, on the
order of trillions. However scarcity fuels demand for "credit" and
thus the bankers get wealthy as we are impoverished.).

[5] Don't hold your breath waiting for any real solution to occur.
Because any attempt to resolve the debt credit money situation will
trigger profound and nasty repercussions from the creditor. I wouldn't
be surprised if wholesale assassinations would take place if ever
Congress got up off its collective knees, and repealed the Federal
Reserve Act, and eradicated the national debt. More than likely, the
U.S.A. would find itself invaded by pawns of the international banking
interests, seeking to acquire that which they believe is their due.
Most, if not all wars are financed by those jolly gentlemen of
finance. This might explain why usury is a capital offense (See:
Ezekiel 18:13 KJV).

Though Congress has the power to borrow on the credit of the U.S., it
has no delegated power to engage in usury, an abomination.
(Coincidentally, that is why government bonds are sold at a discount
from face value. There is no incremental compound interest that would
create a never ending increase in debt.)
.

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