Dr.
Paul
shares
his
views
on
gold
repatriation,
examining
the
question:
"Is
the
gold
stockpile
at
Fort
Knox
/
West
Point
/
NY
Fed
still
there
and
is
it
unencumbered?"
China
is
home
to
not
only
the
world's
largest
economy
but
unlike
most
of
its
peers
(excluding
Russia),
continues
to
accumulate
gold,
not
lease
it.
Why
didn't
the
Bundesbank
and
it's
people
protest
when
the
Fed
balked
on
returning
their
gold,
just
as
a
new
potential
threat
emerged
in
Ukraine?
Dr.
Paul
examines
alternative
hypotheses
and
concludes
that
global
/
domestic
debt
is
the
true
culprit
threatening
every
global
inhabitant.
As
a
student
of
the
Austrian
school
of
economics,
Dr.
Paul
is
convinced
that
silver
and
gold
are
essential
components
to
every
portfolio,
an
opportunity
to
dollar
cost
average
into
solid
insurance
against
imminent
financial
turmoil.
Dr.
Paul
is
monitoring
the
Ebola
threat
with
a
weary
eye,
suspicious
of
sending
3,000
of
our
honorable
soldiers
into
a
biological
hot-zone.
Prof.
Kotlikoff
-
Summary:
Dr.
Kotlikoff
says
that
every
investor
must
own
precious
metals,
given
that
the
national
debt
is
13
times
bigger
than
the
official
number,
about
$200+
trillion
when
unfunded
liabilities
are
included.
Officials
take
money
from
youth
in
the
form
of
taxes
for
future
benefit,
yet
the
tax
money
won't
be
returned
in
real
dollars,
but
instead
in
deflated
dollars.
Unfortunately,
the
US
may
be
facing
an
economic
fate
as
severe
as
that
of
Detroit.
SOLUTION:
eliminate
corporate
taxes
to
encourage
savings
and
capital
investment.
Otherwise,
the
US
could
enter
an
economic
quagmire
similar
to
that
of
Argentina.
Right
Click
Above
and
"Save
Target
As..."
to
download.
To
learn
more
about
software
needed
to
play
the
above
formats,
please
visit
the
FAQ.
Toll
Free
Hotline
-
Q&A:
1-800-507-6531
Professor
Laurence
J.
Kotlikoff
Boston
University
Laurence
J.
Kotlikoff
is
a
William
Fairfield
Warren
Professor
at
Boston
University,
a
Professor
of
Economics
at
Boston
University,
a
Fellow
of
the
American
Academy
of
Arts
and
Sciences,
a
Fellow
of
the
Econometric
Society,
a
Research
Associate
of
the
National
Bureau
of
Economic
Research,
and
President
of
Economic
Security
Planning,
Inc.,
a
company
specializing
in
financial
planning
software.
An
active
columnist,
Professor
Kotlikoff's
columns
and
blogs
appear
in
the
Financial
Times,
Bloomberg,
Forbes,
Vox,
the
Economist,
Yahoo.com,
and
the
Huffington
Post.
Professor
Kotlikoff
received
his
B.A.
in
Economics
from
the
University
of
Pennsylvania
in
1973
and
his
Ph.D.
in
Economics
from
Harvard
University
in
1977.
From
1977
through
1983
he
served
on
the
faculties
of
economics
of
the
University
of
California,
Los
Angeles
and
Yale
University.
In
1981-82
Professor
Kotlikoff
was
a
Senior
Economist
with
the
President's
Council
of
Economic
Advisers.
Professor
Kotlikoff
is
author
or
co-author
of
16
books
and
hundreds
of
professional
journal
articles.
His
most
recent
books
are
The
Clash
of
Generations
(co-authored
with
Scott
Burns,
MIT
Press),
The
Economic
Consequences
of
the
Vickers
Commission
(Civitas),
Jimmy
Stewart
Is
Dead
(John
Wiley
&
Sons),
Spend
‘Til
the
End,
(co-authored
with
Scott
Burns,
Simon
&
Schuster),
The
Healthcare
Fix
(MIT
Press),
and
The
Coming
Generational
Storm
(co-authored
with
Scott
Burns,
MIT
Press)
and
Generational
Policy
(MIT
Press).
Professor
Kotlikoff's
writings
and
research
address
financial
reform,
personal
finance,
taxes,
Social
Security,
healthcare,
deficits,
generational
accounting,
pensions,
saving,
and
insurance.
Professor
Kotlikoff
has
served
as
a
consultant
to
the
International
Monetary
Fund,
the
World
Bank,
the
Harvard
Institute
for
International
Development,
the
Organization
for
Economic
Cooperation
and
Development,
the
Swedish
Ministry
of
Finance,
the
Norwegian
Ministry
of
Finance,
the
Bank
of
Italy,
the
Bank
of
Japan,
the
Bank
of
England,
the
Government
of
Russia,
the
Government
of
Ukraine,
the
Government
of
Bolivia,
the
Government
of
Bulgaria,
the
Treasury
of
New
Zealand,
the
Office
of
Management
and
Budget,
the
U.S.
Department
of
Education,
the
U.S.
Department
of
Labor,
the
Joint
Committee
on
Taxation,
The
Commonwealth
of
Massachusetts,
The
American
Council
of
Life
Insurance,
Merrill
Lynch,
Fidelity
Investments,
AT&T,
AON
Corp.,
and
other
major
U.S.
corporations.
He
has
provided
expert
testimony
on
numerous
occasions
to
committees
of
Congress
including
the
Senate
Finance
Committee,
the
House
Ways
and
Means
Committee,
and
the
Joint
Economic
Committee.
Congressman
Ron
Paul
of
Texas
enjoys
a
national
reputation
as
the
premier
advocate
for
liberty
in
politics
today.
Dr.
Paul
is
the
leading
spokesman
in
Washington
for
limited
constitutional
government,
low
taxes,
free
markets,
and
a
return
to
sound
monetary
policies
based
on
commodity-backed
currency.
He
is
known
among
both
his
colleagues
in
Congress
and
his
constituents
for
his
consistent
voting
record
in
the
House
of
Representatives:
Dr.
Paul
never
votes
for
legislation
unless
the
proposed
measure
is
expressly
authorized
by
the
Constitution.
In
the
words
of
former
Treasury
Secretary
William
Simon,
Dr.
Paul
is
the
"one
exception
to
the
Gang
of
535"
on
Capitol
Hill.
Ron
Paul
was
born
and
raised
in
Pittsburgh,
Pennsylvania.
He
graduated
from
Gettysburg
College
and
the
Duke
University
School
of
Medicine,
before
proudly
serving
as
a
flight
surgeon
in
the
U.S.
Air
Force
during
the
1960s.
He
and
his
wife
Carol
moved
to
Texas
in
1968,
where
he
began
his
medical
practice
in
Brazoria
County.
As
a
specialist
in
obstetrics/gynecology,
Dr.
Paul
has
delivered
more
than
4,000
babies!
He
and
Carol,
who
reside
in
Surfside
Beach,
Texas,
are
the
proud
parents
of
five
children
and
have
seventeen
grandchildren.
While
serving
in
Congress
during
the
late
1970s
and
early
1980s,
Dr.
Paul's
limited-government
ideals
were
not
popular
in
Washington.
He
served
on
the
House
Banking
committee,
where
he
was
a
strong
advocate
for
sound
monetary
policy
and
an
outspoken
critic
of
the
Federal
Reserve's
inflationary
measures.
He
also
was
a
key
member
of
the
Gold
Commission,
advocating
a
return
to
a
gold
standard
for
our
currency.
He
was
an
unwavering
advocate
of
pro-life
and
pro-family
values.
Dr.
Paul
consistently
voted
to
lower
or
abolish
federal
taxes,
spending,
and
regulation,
and
used
his
House
seat
to
actively
promote
the
return
of
government
to
its
proper
constitutional
levels.
In
1984,
he
voluntarily
relinquished
his
House
seat
and
returned
to
his
medical
practice.
Dr.
Paul
returned
to
Congress
in
1997
to
represent
the
14th
Congressional
district
of
Texas.
He
serves
on
the
House
of
Representatives
Financial
Services
Committee,
and
the
International
Relations
committee.
On
the
Financial
Services
Committee,
Rep.
Paul
serves
as
the
vice-chairman
of
the
Oversight
and
Investigations
subcommittee.
He
continues
to
advocate
a
dramatic
reduction
in
the
size
of
the
federal
government
and
a
return
to
constitutional
principles.
Dr.
Paul
is
the
author
of
several
books,
including
Challenge
to
Liberty;
The
Case
for
Gold;
and
A
Republic,
If
You
Can
Keep
It.
He
has
been
a
distinguished
counselor
to
the
Ludwig
von
Mises
Institute,
and
is
widely
quoted
by
scholars
and
writers
in
the
fields
of
monetary
policy,
banking,
and
political
economy.
He
has
received
many
awards
and
honors
during
his
career
in
Congress,
from
organizations
such
as
the
National
Taxpayers
Union,
Citizens
Against
Government
Waste,
the
Council
for
a
Competitive
Economy,
Young
Americans
for
Freedom,
and
countless
others.
Dr.
Paul's
consistent
voting
record
prompted
one
Congressman
to
comment
that
"Ron
Paul
personifies
the
Founding
Fathers'
ideal
of
the
citizen-statesman.
He
makes
it
clear
that
his
principles
will
never
be
compromised,
and
they
never
are."
Another
Congresswoman
added
that
"There
are
few
people
in
public
life
who,
through
thick
and
thin,
rain
or
shine,
stick
to
their
principles.
Ron
Paul
is
one
of
those
few."
