SGM Metals: Republican Gold Standard Talk Aimed at Courting Ron Paul Supporters!!!

Aug. 27, 2012 - PRLog -- CNBC.com reports: [ The gold standard has returned to mainstream U.S. politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy.

Drafts of the party platform, which it will adopt at a convention in Tampa Bay, Florida, next week, call for an audit of Federal Reserve monetary policy and a commission to look at restoring the link between the dollar and gold.

The move shows how five years of easy monetary policy — and the efforts of congressman Ron Paul — have made the once-fringe idea of returning to gold-as-money a legitimate part of Republican debate. Marsha Blackburn, a Republican congresswoman from Tennessee and co-chair of the platform committee, said the issues were not adopted merely to placate Paul and the delegates that he picked up during his campaign for the party’s nomination.

“These were adopted because they are things that Republicans agree on,” Blackburn told the Financial Times. “The House recently passed a bill on this, and this is something that we think needs to be done.” The proposal is reminiscent of the Gold Commission created by former president Ronald Reagan in 1981, 10 years after Richard Nixon broke the link between gold and the dollar during the 1971 oil crisis. That commission ultimately supported the status quo.

“There is a growing recognition within the Republican party and in America more generally that we’re not going to be able to print our way to prosperity,” said Sean Fieler, chairman of the American Principles Project, a conservative group that has pushed for a return to the gold standard.

Any commission on a return to the gold standard would have to address a host of theoretical, empirical and practical issues.

Inflation has remained under control in recent years, despite claims that expansion of the Fed’s balance sheet would lead to runaway price rises, while gold has been highly volatile. The price of the metal is up by more than 500 per cent in dollar terms over the past decade.

A return to a fixed money supply would also remove the central bank’s ability to offset demand shocks by varying interest rates. That could mean a more volatile economy and higher average unemployment over time. ]

Well, well. If you thought “politicking” & pandering for votes was something from days of old, let this be proof that it is alive and well in the 2012 political arena. This is bitter sweet as it will do exactly what the Honorable Dr. Ron Paul has dedicated the past 3 decades of his political career to accomplishing, forcing the sound money debate into the public arena. It is tragic none the less, that this is how the Republican party is trying to harness the angst that is abound in the nation today and turn it into a wave of independents coming to their side of the voting booth. I’m afraid it is truly nothing more than that as the commission they have crafted will have NO POWER & can only make recommendations. This means we will hear some solid arguments in favor of a return to the nations Constitutionally bound sound money policies but the truth is that there is no political will to really bring stability to the world reserve currency. The ugly truth is that there is EVERY REASON not to stabilize the currency in an effort to protect seniors, savers, or depositors as this transition comes with handcuffs for the bankers and they are the ones who have the powerful lobby in DC, not the Constitutionally bound gold bugs.

Why wouldn’t there be any real motivation to help the nation move past this failed 100 year experiment of a PRIVATE banking cartel lending money to our govt. at interest and extracting the substance out of the citizens of the land through the IRS to pay the govt.’s interest bill to the private bank you ask? Because after almost 100 years of this system, that by the way is 100% AGAINST the US Constitution as clearly stated in Article #1, Section #8, there are thousands of governmental and non-governmental agencies that are either dependent upon the monies collected, directly responsible for the collection of these monies and or are responsible for the enforcement of these policies and they aren’t going to quietly fade away.

While there are MANY reasons why this nefarious system is diabolically opposed to the greater good of the nation itself and the people of the land but the real reason that this will never happen is, as stated above, it would require the federal reserve to relinquish their ability to affect monetary policy such as interest rates that has been for a century now a means to control the world & global commerce. Unfortunately this is 100% to placate the Ron Paul supporters as the RNC has been forced to admit that scandalous accounting practices were used to steal the most important primary from Dr. Paul who clearly won Iowa and should the media had been honest and admitted that, we would have a very different presidential election at hand and the gold standard would be a serious topic of debate. The RNC, based on this fact, as well as the huge number of delegates that have sworn allegiance to the Paul campaign, has had to admit that Ron Paul is in fact eligible to be selected as the republican party candidate at the convention in Tampa! I’m afraid this is an attempt to get his supporters to jump to the Romney camp since Romney is all too willing to sound like Ron Paul in order to get his loyalists to jump ship. I’m afraid they aren’t familiar with true Constitutionally bound patriots nor their moral compass as they have for decades refrained from participating in the political process as they see the system for what it is. Now that these patriots have surfaced again and are potential voters for the first time in decades the Republican’s mouths are watering to get their hands on them to offset the fresh batch of newly anointed democratic voters that President Obama granted citizenship too recently in his executive decree propelled dream act 2.0 which the Congress refused to pass.

While the conversation needs to be had, I’m also curious if this has something to do with the fact that the federal reserve’s 100 year charter, which started on that fateful day in January of 1913 and should legally be up for renewal therefor in January of 2013, needs some viable modification to justify its re-issue in the new year? Romney has also changed his position (surprise surprise right?) on putting Mr. Bernanke back in as the federal reserve chairman for a third term and if you put those two things together it begins to look really suspect as to his true motivation. Whether he is being sincere or not is really not relevant as the sound money debate will never get the approval of the federal govt. as they have everything to lose if they even have a choice at all. That being said, it is left up to the individuals in the land to fend for themselves and shield their life savings from the decisions of the anointed ones by individually adopting the sound money system in gold & silver bullion that for over 6,000 years has witnessed paper monies rise and fall time and time again. While this superficial gesture is getting attention, big market players such as John Paulson & George Soros are dumping all of their banking sector stocks and doubling down on their gold holdings so what does that tell you? Lord Rothschild himself is betting against the Euro’s survival so it seems the sound money debate is being had right in front of your face by the wealthiest and most connected global insiders our current world knows. Establish your “Plan B” in physical gold & silver bullion an know that your wealth is secured in a hard monetary asset that has intrinsic value unlike the fiat paper funny money the FED produces as their whim. It is always a better strategy to PREPARE your portfolio than to attempt to REPAIR your portfolio once the damage has begun. Tick, tock.