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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 494.56

+3.9%

Jan 28 4:00 PM EST

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To: TobagoJack who wrote (78093)	8/21/2011 6:05:00 AM
From: elmatador	Read Replies (1) of 219863

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...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' tirade 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 statist's antagonism toward the gold standard. "Gold and Economic Freedom" written in 1966 by Alan Greenspan cited in Commodity Boom? You Ain't Seen Nothing Yet! BY KURT KASUN \| APRIL 03, 2008

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