Ron Paul's 2015 Financial Advice
Financial Advice from Ron Paul
There is now a book that Ron Paul is promoting that gives the advice that he says that people should follow about money and finances.
The reason that this medical doctor, Ron Paul, got into politics was because he was concerned about the United States financial situation when our money (paper money and coins) was no longer backed by gold and silver.
In 1971 President Nixon made it so none of the U.S. currency was backed by gold or silver. Ron Paul became a congressman in 1976. Before 1965, all U.S. coins, except for pennies, were 90% silver. There was even paper money that said silver certificate and it said that the bill was backed by silver.
By having money backed by silver and gold, prevents the U.S. government from printing up as much money as they want to as they are doing now and are in $18 trillion in debt.
The more money that is printed, the less the money that is in circulation is worth. This is called inflation. Ron Paul's major political stand was to make money be backed by gold and silver again. Also since they can print up as much money as they want, it creates a chance where the money can become worthless since it is not backed by anything causing a currency crises. Ron Paul recently said (April 2015):
The way you live, work, travel, retire, and invest in America… everything is going to change. Some of it in ways most people do not expect. This period is going to be particularly tough on seniors and anyone relying on a fixed income, or money from the government.”
“Trouble is coming—please make sure you, your family, and anyone you care about are prepared
This article was written April 20, 2015. Wikipedia says:
A currency crisis is a situation in which there is serious doubt as to whether a country's central bank has enough foreign exchange reserves to maintain the country's fixed exchange rate. The crisis is often accompanied by a speculative attack in the foreign exchange market. A currency crisis results from chronic balance of payments deficits, and thus is also called a balance of payments crisis. Often such a crisis culminates in a devaluation of the currency.
A currency crisis is a type of financial crisis, and is often associated with a real economic crisis.
Ron Paul and others have been talking about this currency crises for decades. For decades Ron Paul has been investing most of his money in silver mines. While there are many different currencies, these countries (that have money) also value gold and silver as money. I have an article called Buy Gold and Silver Now. It says:
On April 19, 2013 the Arizona House of Representatives passed a bill making gold and silver legal tender in Arizona.
Steve Forbes: If there’s any better system to ensure a stable value for money, it’s yet to be found. For nearly all of America’s first 200 years, the dollar was linked to gold. Since we went off the gold standard, we’ve had more and more financial, economic and banking crises. For example, if the Federal Reserve hadn’t started to print so much money ten years ago, we wouldn’t have experienced the housing bust or the commodities boom or the sovereign debt crisis in Europe.
It has more quotes like the above one. The U.S. Constitution says:
No state shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts.
I also have an article called Why Does an Ounce of Silver Weigh More than an Ounce of Iron. Why don't they teach this in school? An ounce of silver weighs about 31 grams while an ounce of iron weighs about 28 grams. A guy can weigh out what he thinks is an ounce of gold and bring it in to sell it. Then when the jeweler tells him that it weighs less than an ounce, the guy thinks the jeweler is trying to scam him so he shoots him dead with a gun. This article also tells about some state laws about gold and silver.
A few days ago I saw a video of Ron Paul being interviewed. He is now done with politics but still believes in educating Americans about sound fiscal policy. This is much better than an economic crises happening. Ron Paul M.D. is now suggesting people buy a book about this that was researched by Stansberry Research. It researched different things that people can do to help themselves in case there is a currency crises.
Ron Paul's son, Senator Rand Paul, is running for president for 2016 and he has same opinion about how terrible it is for the U.S. to just print up money and lend it to itself and is against the Federal Reserve mentioned above by Steve Forbes. This book that Ron Paul suggests people to get is called America 2020: The Survival Blueprint by Porter Stansberry. If you try their financial newsletter for $49.95, they will give this book for free. Here is what Ron Paul says about this book:
This book is a must read. I don't know of anyone who has spent as much time and money as Porter Stansberry, figuring out how to protect yourself and prosper in the years to come.
But I will give you an idea of what suggestions are in it and if you like them, you can get the book that has more in depth information on how to do these things. Actually you can look them up online but it is more convenient having them right in front of you. The video that promotes this is long and it is one of them that does not tell you how long it is.
I am against this kind of promotion since we have a right to know how long it is before we watch it. Also some have claimed on the video to be a certain time and end up being much longer so I feel that this kind of promotion is unethical. Again we have a right to know how long something is before we watch it. If enough people refuse to watch these, then they will probably add the time that it is on it.
Part of the enticement of the video is that the book will let you know about 3 assets that you do not have to report to the U.S. government. So if you do not pay the $50 (49 dollars minus a nickel), you will never know what these are. So here they are.
You can open a foreign bank account with less than $10,000 in it and you do not have to report it. The book even tells you about one bank that they suggest. Another asset that you do not need to report is buying land in another country. You can also put gold in a safety deposit box in another country like Canada. The book warns that some banks do not allow to store currency or legal currency.
They say that the best thing to have to protect you against a currency crises is silver. One good way to get silver is to get the coins, not including pennies, that were minted before 1965. Then people do not need to worry if it is really silver and they are in small amounts making them easier to trade for something.
Here is a quote from the book about a silver stock that you can buy. It is not a silver mine but it is similar to it. America 2020: The Survival Blueprint says:
Silver Wheaton (NYSE [New York Stock Exchange]: SLW) is the largest silver streamer in the world. A “silver streamer” is essentially a company that purchases the silver by-product from base-metal miners. Simply put, when a copper miner (or zinc miner or iron miner) extracts ore from his mine, that rock likely includes a lot of minerals other than copper – including silver. The copper miner doesn’t want the hassle of smelting and dealing with the silver from his mine. Approximately 70% of the world’s silver is produced as a by-product from other metal mines.
The book has many other suggestion like keeping other currencies in a safe that is in your house or a safe in a self-storage unit. You can bury the safe under a bunch of junk. They also say that farmland is a good investment since you can always grow your own food on it. Not mentioned in this book is that using the principles of permaculture, where you farm working with nature, you can grow a huge amount of food on a little bit of land.
Permaculture is a philosophy of working with, rather than against nature; of protracted and thoughtful observation rather than protracted and thoughtless labor; and of looking at plants and animals in all their functions, rather than treating any area as a single product system. ---- Bill Morrison
This book also says:
The United States has become the largest debtor in human history.
China used to be a communist country. But now this country has billionaires and in some industries people own companies. In the U.S. the welfare, food stamps, social security and supplementary social security are socialist not capitalistic things. The Chinese government is trying to help their people out. They strongly encourage their people to buy gold and silver. Any day now, China will be the richest country in the world.
Here is something that is especially good for people that are retired or have a lot of extra time. Read How to Get Free Silver from Banks.
Note that they say this this currency crises is coming soon but what I always ask is how soon is soon. They have been saying the above for decades. Ron Paul cannot give a time for it. So it could happen tomorrow or in 200 years but many people are getting ready for it now. The book also says:
Keep a seven- to 10-day supply of cash, medicines, food, water, and guns and ammunition.
1 Troy Ounce ($1.25 Face Value) of United States silver pre 1965 coins
14 minute video | Ron Paul - final prediction, warning to Americans 5/2015 World Peace
$1.00 Face Value 90% Silver Washington Quarters
John Williams-Terrible Currency Crisis Ahead
More by this Author
This tells about why lithium is a great investment for the future. It also explains the best way to buy stocks to invest in lithium.
This explains why now is a good time to buy Tesla stock.
This tells about the many benefits of eating one meal a day like better health, losing weight and saving a lot of time. It also tells about Herschel Walker who has been doing this since age 18.
No comments yet.