Mitt Romney: Obama’s promises are like Kim Kardashian’s failed wedding vows

My first post in this thread. I used both terms as descriptors. No goalposts have been moved.

Other than to name call, what does any of this mean?

You may not like the president. At times I do not like the president. I think he has done an amazingly lackluster job and has had his priorities skewed since the get go.

But saying he is like Paris Hilton? that doe snot seem like a critique to me. It seems like very simplified political rhetoric.

 

But you'll take the word of a Morman 'man of god' who is instead a serial liar on his best day?

 

I find myself in rare agreement with you. Loong unfortunately has it backwards. When gold backs currency, it's currency that is forced to proportions sustained by the amount of gold it's backed by. The value of gold is determined by the GDP so there will always be just enough gold for the economy because the economy determines its worth. What we have right now is a federal reserve that prints money at a rate completely divorced from what can be justified by the GDP. We've made the mistake of thinking that money = wealth when in fact the GDP is the only true arbiter of wealth. When the GDP is represented by a finite commodity like gold and currency is backed by that gold, then printing an unlimited amount of money becomes impossible.

Not only is a return to the gold standard right, but it may be the only way to save our economy at this point. Ron Paul is right about this issue.

 

So what was your stance on Sarah Palin when she was leading a bunch of conservatives to a cliff like Lemmings and making sure at any time she could she did anything for a dollar just to lie with a big smile on her face and claim she cares about Americans?

 

There are a lot of theories but essentially there isn't enough gold to cover actual money made. In order to do this we would have to do what Paul wants to do, and has stated several times to limit the money supply, except he would limit it in a way that we wouldn't only be able to pay for most government expenses but people wouldn't be able to spend as much money as they wanted, nor could earn as much money as is possible now. Only thing that could be done would to essentially hyper-inflate the value of gold. A major flaw in this plan is countries like Australia actually have as much if not more gold than we do, therefore they would have more power on the price of gold as a world currency (although to my knowledge no major country uses the gold standard anymore for this very reason) and instead of basing world prices on the USD it would be based off of AU prices of gold or AU currency.

Besides that i'm with Warren Buffet; at the end of the day gold is a shiny rock people spend money to dig up out of the ground then spend money to put back in the ground, it has no real utility other than to be shiny.

 

Your opinion on anything doesn't matter to me. Next?