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Ron Paul’s Ayn Rand Folly

Ron Paul, by his own admission, has been heavily influenced by the late Ayn Rand. But, as we shall see, he appropriated her worst idea, the Gold Standard. But first, let’s take another peak at Miss Rand.

To get at her essence, we have to see the origins of her famous nom de plume Ayn Rand. She was born Alissa Rosenbaum in 1905. She adopted her new name when she arrived in the USA in the 1920s. Biographers, including two recent ones, have been consistently wrong as to where the ‘ayn’ and the ‘rand’ come from. ‘Ayn’ was not appropriated from a Finnish writer nor did ‘Rand’ come from the Remington Rand typewriter. Rather, Jeff Walker makes a convincing case in his 1999 book, THE AYN RAND CULT, that ‘Ayn’ was a common Jewish term of affection while ‘Rand’ was from the association with South Africa gold which was mined by the Oppenheimers and the like.

Furthermore, Walker writes this:

“The word ‘gold’ and the imagery of gold saturate ATLAS SHRUGGED, and the gold standard plays a prominent role in her ideology. Even ‘Galt’ is ‘gold,’ pronounced with a Yiddish inflection.”

Rand also heavily promoted the Austrian economist Ludwig von Mises, whose one trick pony was the Gold Standard. Von Mises, of course, was sponsored by the Rothschilds and the Warburgs. These folks aren’t in the game for love.

Ron Paul, in turn, inherited this von Mises obsession. In fact, Ron Paul’s REAL campaign amounts to one long gold commercial, all the rest being crap. And you thought the drug-addled Glenn Beck was the only one whoring for gold?

To start with, the Gold Standard would be an impossibility. There is simply not enough gold in the entire world to monetize it in such a way as to meet the needs of the modern economy. Moreover, private bankers, who we need not name, have cornered the greater chunk of the gold available in the world.

Gaming with gold is a loaded proposition.


About mauryk2

Vietnam veteran. Succeeded Jeff Sharlett as editor of VIETNAM GI, 1st anti-war paper put out by Nam vets. Edited RAP!, underground paper at Ft Benning. Until retirement from Postal Service, put out the POSTAL HARDHITTER, another underground newsletter. Presently, I'm a free lance writer.

6 responses to “Ron Paul’s Ayn Rand Folly

  1. Gold is better than fiat money…I am against paper-money of any kind, though it doesn’t have to be gold…silver or something.
    As far as the bankers holding it…it’s simple…find all the bankers that are really part of the US government, and when the FedGov gets taken down, they go down with it, and all their assets are reappropriated.

    • mauryk2 ⋅

      The worst and most severe booms & busts in US history were after the Civil War under the aegis of the Gold Standard. This culminated in the Populist revolt of the 1890s which was closest the US government ever came to being toppled. More so even than the labor revolt of the 1930s. The gold shortage was alleviated only by new gold strikes in the Yukon and South Africa. National Socialist Germany also proved you didn’t need a Gold Standard. I touch on this in my next Blog.

  2. Several points: One, the Gold Standard was not real gold money in many cases, and there can never be a ‘shortage of specie’ unless it is so physically small that no one would be able to use it – in which case, they’d just use another commodity. Inflation is just a way for banksters to rob everyone else.

    1819: The Bank of North America and the First Bank of the United States start off the country by expanding the money supply. They expand credit, allow the government to manage its debt/create money, and help new FRB open up. The Bank of North America failed, and that was replaced by the First Bank of the United States. First Bank failed to get its recharter. Suddenly we were in the War of 1812. Our government had to pay for its war, and New England (pro British), were uninterested in buying up government debt. So the U.S government edged on new banks to be created to pay for it, and things got so out of hand that the gov’t allowed them to suspend specie payment in 1814. The Second Bank of the United States was ushered shortly after the war, and then started inflating. It soon realized things got out of hand and then and contracted loans, popping the bubble and creating the Panic of 1819.

    1837: Again the Second Bank of the United States inflates, and through Jackson’s libertarian befliefs and his personal quarrels with Biddle/banks, Jackson manages to effectively kill the Bank. The “pet” banks and wildcat banks keep inflating, England contracts its own bubble, yanking the carpet under our economy. The panic of 1837 comes. However the banking institution/state governments try to inflate, and a small bubble keeps going in 1838. However, the liquidation continues en masse in 1839 and ends around 1843.

    1857: With the new Indepedend Treasury system started by Martin Van Buren and brought back again by Polk, Federal involvement in banks are probably at their lowest. However, the FRB are subject to a large amount of regulations and through the typical ABCT a bubble economy forms. The bubble this time is broked in 1857, and it was not as bad as 1837 since we didn’t inflate as much nor did we try to prop it up.

    1873: The Civil War forces our government to issue new money (greenbacks) and go into a large amount of debt. They also sign in the National Banking Acts, which are quasi central banks that help our government with its debt. Combined with heavy federal investment (land grants, subsidies, pork barrel, corruption), a large railraod boom forms. The bubble pops, and the Panic of 1873 ensues.

    • mauryk2 ⋅

      You leave out the whole plight of the farmers which led to the Populist revolt of 1892. Or why William Jennings Bryan gave his ‘Cross of Gold’ speech in 1896. Or the panic of 1907 which led to the creation of the Federal Reserve, a bastardized response. Or the sharp but short Depression of 1922. Best of all: The Rothschilds sponsored Mr. Gold Bug himself Ludwig von Mises. Why? They’re not in it for love, as I’ve written.

      However, your contributions are very much appreciated. Look forward to more!

  3. Pingback: Opinon: Ron Paul’s Ayn Rand Folly by MauryK2 | The Hive Daily – News You Don't See Everywhere

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