I understood what Mr Paul was saying. It is likely that a good portion of Congress, and a vast majority of the US population has no clue (or care) what he is talking about. Never mind the significance of it all. The farce that which the 'Fed' and the IMF is, is quite blatant. If only people would look, listen and understand. True free market capitalism does not exist. The US economy is supported on pillars of fake money.

When the likes of Iraq (before) and Iran (now) threaten the US dollar system by running Euro based oil markets and refuse to adhere to the US behemoth, they either get invaded, or they get targeted. Iran is no good guy by any means, but it isn't the so-called nukes that the US cares about. They want Iran to kill their Euro based oil markets.

For those who don't get it. The US doesn't like buying Euros for a Euro based oil market.. because they need REAL assets with which to purchase those Euros with. When you have a fake system, you want everything to be in that fake tender. Thus you can print whatever you need on demand. Poof. You have money for oil.

I really wish people that argued that point of view would offer clarification of what they mean by "real money".

Money has been made of debt for a long time. Typically it's tied to government debt. In a lot of ways, it makes the most sense.

Real money is backed by real assets.

Gold or asset backed securities? Not in the US of A. It is whatever the printing press can pump out on an as-needed basis. When the Fed came into play, the gold standard went out the window. That is the crux of the problem Mr. Paul keeps raising on deaf ears.

Need a bailout? Print more cash.