Ron Paul: Washington Is Destined to Destroy the Dollar
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Dr. Ron Paul speaks with Goldseek Radio about government tracking of gold purchases, shortages at the US Mint, investing in gold coins vs gold stocks, and the Free Competition in Currency Act.
Paul addresses the section of the recently passed health care monstrosity requiring businesses to submit a 1099 for all purchases of $600 a year beginning in January 2012. He believes this may lead to further tracking of gold purchases.
The Texas Congressman also speaks on two of his bills, the SEC Transparency Act (H.R 5970) and the Free Competition in Currency Act (H.R. 4248). H.R. 5970 would eliminate the section of Obamacare that grants the SEC immunity from freedom of information requests. H.R. 4248 would legalize competing currencies and help free up the market from the monopoly of the private Federal Reserve.
We're printing money, we're spending money, we have not reformed Washington. They're destined to destroy the dollar, which means not that the gold price is going up, but the value of gold will be maintained. The value of the dollar is destined to go down.
August 21, 2010
Dr. Ron Paul is a Republican member of Congress from Texas.
© 2010 Bull Source