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To: IngotWeTrust who wrote (87783)7/12/2002 4:32:18 PM
From: long-gone  Read Replies (1) | Respond to of 116796
 
Not your fault, nor that of KS(nor your gender), Universities are the realm of liberal tripe - no matter the state, University, or gender of the prof..



To: IngotWeTrust who wrote (87783)7/12/2002 11:37:27 PM
From: Jamey  Read Replies (3) | Respond to of 116796
 
gold-tutor, do you all believe this comment from Greeny?

FOR REAL!ALAN GREENSPAN QUOTED!
He said "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." Even then, he said, "the fact is there are now more
claims outstanding than real assets" to redeem those claims.
"In the absence of the gold standard, there is no way to protect savings
from confiscation through inflation," he concluded. "There is no safe
store of value" for the dollar.
"This is the shabby secret of the welfare statists' tirades against gold,"
he wrote. "Deficit [government] 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."

ragingbull.lycos.com

Santi