Random Thoughts of Mine...

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

- "Gold and Economic Freedom" by Alan Greenspan

It seems like it's been forever since I last did a post. I've been quite busy lately and have just been too tired to post. I worked 16hrs yesterday then had to be back at work 8hrs later ( the next morning). When I got in last nite, I jumped in the shower, brushed my teeth, then jumped into bed. I wanted to do a post, but was too tired

Anyways, here's a post that I have been meaning to do for some time. The quote that I used at the beginning of this post is from an article that Alan Greenspan wrote back in the '60's, years before he became the Chairman of the Federal Reserve. Here are some interesting articles that I found browsing the Internet. Amazing how America is supposed to be the richest nation in the world, but many families that live here, are struggling to make ends meet. It does seem like the rich-get-richer and the poor-get-poorer. Doesn't it seem like things were designed to make people struggle?

Do any of you remember that America's money used to be backed by gold and silver? The coins that we have as change in our wallets used to be made of precious metals. You can visit this page on the U.S. Mint's website to see that the coins are now clad (look at Composition of each coin). It has been less than a century since America was taken off the gold standard. Do you know the history of money? Here's an article that I found called, The Nature of Money: Where it came from - Where it's going. Now, read this article called, The U.S. Monetary System is a Ponzi Debt Scheme.

About 20 years ago, Pastor Sheldon Emry wrote a booklet about the present American monetary system. I read it and now present it here for your examination:

Billions for the Bankers, Debts for the People


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