“The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. 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. 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.” – Alan Greenspan
I like succinctness. This paragraph doesn’t say everything, but it says a lot. Greenspan said this is 1966 I believe, when you could still be honest. Then over the ensuing 50 years government became the enemy of the people, and now all we get are lies.
But what is going on right now, the inflation, the collapse of our currency, the “supply chain problems”, all are a result of ‘funny money’. Going off the gold standard. Me, Ron Paul and a few other people understand this, but not many.
Politics and Religion 