Friday, August 24, 2012

Republicans offer to channel their inner Ron Paul by talking return to gold standard

In politics, nothing is done without cause and purpose.  These words came from President Franklin Delano Roosevelt, and validate that politicians do NOTHING that isn't intended to further their own power.  So it comes as a major surprise, when polls are showing Romney losing to an easily beatable Barack Obama, that the Republican party is desperate to get the millions of Ron Paul supporters into their camp, and are attempting to do so by offering to discuss a return to the gold standard.


Stranger than fiction perhaps but the FT is reporting that the gold standard has returned to mainstream US politics for the first time in 30 years with a 'gold commission' set to become part of official Republican party policy. While this could simply be a reach for as many Ron Paul marginal voters as possible (with the view that the GOP would never really go for it); it appears drafts of the party platform from the forthcoming rain-soaked convention call for an audit of the Fed and a commission to look at restoring the link between the dollar and gold. The FT, citing a spokesperson, adds that "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," but "We’re not going to go from a standing start to the gold standard," although it would provide a chance to educate politicians and the public about the merits of a return to gold. Interestingly, the Republican platform in 1980 referred to "restoration of a dependable monetary standard", while the 1984 platform said that "the gold standard may be a useful mechanism." - FT via Zerohedge

The bottom line is, the Republican party spent millions hijacking the primaries in states across the country to ensure Ron Paul did not receive enough delegates to appear viable in the coming RNC convention.  However, millions of Americans now know the RINO foundation of the Republican Party, and as such, without their support Romney doesn't have a chance in defeating the Jimmy Carter of the 21st century.

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