Gold and the Grave Dancers
By Pater Tenebrarum
August 3, 2015
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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 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.”
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Gold is the poor man’s friend. The “Sovereign” (i.e., the Federal Reserve System counterfeiters, Congress debt and deficits,the politicians, bureaucrats) can’t fool you out of it.
FDR “recalled” it. And the American Sheeple of the day obeyed. Argh!
Gold may fluctuate up and down when priced in fiat (i.e., it’s valuable because the Gooferment says it is) currency.
But “we” all know that because it’s scarce, it’s valuable.
And, like a work of art, beachfront property, land, and such tangibles, the Gooferment can’t print any more of it.
That’s why I’m a Gold bug.
What do you have that can’t be “inflated” away?
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