Sen. Rand Paul: Commission Needed to Reconsider Gold Standard

Rand PaulKitco’s Daniela Cambone caught up with Senator Rand Paul on the sidelines of FreedomFest in Las Vegas to discuss the gold standard.  His father, former member of the US House of Representative Dr. Ron Paul, has been known to advocate a return to a gold standard and Daniela asked Sen. Rand Paul if he would carry the torch.  The senator thinks a commission would be needed to study whether a gold standard is feasible.  Paul aims at bolstering the US dollar and he thinks the issue of QE needs to be addressed. “Bernanke has been expanding the money supply exponentially and it is leading to an illusion,” Paul said. This illusion led to the recession we are in now, Paul added.
WATCH NOW to hear Rand Paul’s take on the US economy and the gold standard.

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  1. Well, at least she’s easy on the eyes…
    More Rand Paul politispeak… yes it’s all the Dems fault and my financial backers, who made $trillions defrauding any and everyone, had absolutely nothing to do with it… honest!

  2. typical kitco aka controlled opposition. Quasi attractive talking head with room temperature IQ.
    Either way, I don’t see a gold standard ever happening anywhere ever again. I think it is much more likely that we can go to a gold based trade settlement system, but who knows.

  3. “Let’s study it” Sounds like the CFTC investigation that is designed to never be completed. go f yourself Rand.

  4. I think Daniela’s a hottie, but she let old Rand get away with a whopper.  Harry Reid is responsible for the housing crisis!  LMAO  First, we’ll totally forget which party controlled the Executive Branch back then and second, we’ll forget old Harry can’t tie his shoelaces without 60 votes.  And while we’re at it we’ll forget neither party, nor Congress itself, has any control over the Central Bank.  The more I hear this guy talk the more he sounds like a dumbass.

    • Paul did not say THE housing crisis, he said the housing crisis IN NEVADA, which is Reid’s home state and where he has a great deal of influence.

  5. “The senator thinks a commission would be needed to study whether a gold standard is feasible. ”
    Would that be a ‘Blue Ribbon Commission’?  The oldest ploy in the book. A dangerous subject is broached, nobody wants to go on record one way or the other, they appoint a Blue ribbon commission to look at it for a couple years, then they submit a response as pointless and equivocating as possible.  The beat goes on.
    Rand Paul was too gutless to carry his dad’s torch, that’s why he was allowed to hold his seat, while the good Doctor was shown the door.

    • Rand Paul is also a physician… an eye surgeon, IIRC.  
      Considering the other material available in DC, Paul seems to be one of the better ones.  
      Yeah, I know.  We’re all supposed to be like the kid “Mikey” in the old TV cereal commercials because “he hates everything”.  Some people on this web site don’t like ANYONE.  If Jesus showed up handing out free gold and silver, faults WOULD be found.  lol

  6. No the American people worse nightmare they don’t want to be on the gold standard. Because the gov will say we need all your stored gold to do this. Meaning the gold you have bought all these years they will want at there price. And when they do get it all an go on the gold standard the money printed will not be able to be traded over back to gold. They will to try to trick the world people in to a new one world gov saying the new money will be backed by gold. All the American people an to people of the world want is true capitalism to take affect. meaning let the price of gold do its thing for real. All it would probably do is sky rocket to very high highs then crash an come back half way from the ultimate high point.

    • “No the American people worse nightmare they don’t want to be on the gold standard. Because the gov will say we need all your stored gold to do this.”
      Just tell them to use the 8,000+ tons of gold they claim they already have!  HA

  7. The only standard we need is that a dollar is about 24 grams of silver and a free market decides what a gram of silver is worth! Paper isn’t money. It’s not even the ghost of money, Jefferson

    • If we were to go for a metal or metals money standard, I vote that we get rid of the word “dollar” and just go with grams of metal and fractions therefrom instead.  The dollar is a Spanish word, IIRC, and it would be good to have our very own word for money and not some import.  That way things could be priced in terms of grams of gold or silver and we could stop worrying about what they are worth in this or that fiat currency.  Also gone would be ounces and other long-ago invented drivel.  :-)

  8. Why should banks or government tell people what is money. We should tell them what is money! I get a little tired of the talking heads who first say the debt is so great it can never be payed (it should never have happened) Then say Jubilee is a terrible idea.  
    Isaiah 61:1-3a
    The Spirit of the Sovereign LORD is on me, because the LORD has anointed me to preach good news to the poor. He has sent me to bind up the brokenhearted, to proclaim freedom for the captives and release from darkness for the prisoners, to proclaim the year of the Lord’s favor and the day of vengeance of our God, to comfort all who mourn, and provide for those who grieve in Zion– to bestow on them the crown of beauty instead of ashes, the oil of gladness instead of mourning, and a garment of praise instead of a spirit of despair.
    Leviticus 25:8-55
    Count off seven sabbaths of years–seven times seven years–so that the seven sabbaths of years amount to a period of forty-nine years. Then have the trumpet sounded everywhere on the tenth day of the seventh month; on the Day of Atonement sound the trumpet throughout your land. Consecrate the fiftieth year and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you; each one of you is to return to his family property and each to his own clan. Deuteronomy 15:1-3
    At the end of every seven years you must cancel debts. This is how it is to be done: Every creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from his fellow Israelite or brother, because the Lord’s time for canceling debts has been proclaimed. You may require payment from a foreigner, but you must cancel any debt your brother owes you.

    • “You may require payment from a foreigner, but you must cancel any debt your brother owes you.”
      And thus international banking was born, as no one wanted to loan to their brother any more but only to those who would actually repay the loan.   ;-)

    • @Ed_B: The saying goes no one will rob you faster than family! Maybe this is why :) ??? I Think they were talking about the money changers, I know I am. A government debt from an illegal and unrepresentative government is not my debt!

    • @RocketsRedGlare
      I once read an article that discussed making loans to family members.  Their conclusion was that any money “loaned” to a family member should be treated as a gift.  If it gets repaid, that’s great, but don’t count on it.  My folks loaned me and my wife about $3000 to use as part of the down payment on our 1st house.  We both considered that a sacred trust that MUST not be violated.  We were able to repay the loan in 6 months and did so.  This was a debt of honor, although I know that a lot of people do not look at it this way.  I have 3 other siblings and only 1 of them would have done the same… unfortunately.  It is odd sometimes how 4 people can be raised under the same conditions and yet turn out so differently.  Human nature is a funny thing.
      “A government debt from an illegal and unrepresentative government is not my debt!”
      I agree.  Not once in my 64 years has any representative of ANY level of government EVER asked me how much I thought I should pay in taxes, nor have they asked me how much the government should spend.  Until they do these things, I am neither party to THEIR arrangements nor responsible for them.

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