Five myths about the Gold Standard I : Ron Paul and Larry McDonald

Americans are for the most part ignorant of the gold 'standard' envisioned by Ron Paul. Before the 'unenlightened ones' lend an ear to the quacks and frauds that'll twist and spin what Ron Paul proposes, best you read this 1981 congressional tract of his from 1981. A Gold Coin Exchange Standard is what he is suggesting. Under such a system, the Federal Reserve Notes would compete for gold in our markets as a medium of exchange. From what I understand he simply wants to restore competitiveness for goods and services with honest money once prevalent in our free Republic.

Dr. Paul has tried repeatedly for Congress to undertake a physical audit of our Treasury's supposed 8,000 tons of gold. As has been proven this too, is too much to ask of our enemies in government and banking.

FIVE MYTHS ABOUT THE GOLD STANDARD

by Congressmen Larry McDonald (D-GA) and Ron Paul (R-TX)

...both were physicians...McDonald in the Navy. Paul in the Air Force. McDonald was killed in the Soviet shootdown of KAL007 in 1983. McDonald prided himself in being a "Jeffersonian Democrat".