ForexSpirit

Even though I’m unable to cast a vote in an American election due to the fact that I’m not an American citizen, I’m still fascinated by the whole American political scene.

I don’t think I’ve ever mentioned politics on this blog before; primarily because there is little day-to-day correlation between what goes on in the corridors of power and what plays out in the currency markets.

The reason for this quick interlude of politics is an article on currencytrading.net on one of the current presidential candidates. The article is titled How Ron Paul as President Would Affect the US Dollar.

Ron Paul is my favourite candidate at the moment, out of the field of both Democratic and Republican contenders. He has a very simple platform from which all his policies stem from: if a policy or program is laid out in the Constitution then he is for it. He wants to strip away all the excesses of government so that the American people can get on with their lives and make the most of their freedoms.

The Fed and IRS would be for the chopping block, as they are both inextricably linked. While a full return to the gold standard is all but impossible, Ron Paul would aim to back the US dollar with commodities such as gold and silver as much as possible.

If these changes came to pass it would certainly make for interesting times in the foreign exchange markets!