Things must be looking pretty bad for the Keynesians if they need to send out Bernanke to indocrinate the next generation of leaders with their failed monetary policies.
Turning the GOP into a party of liberty will not be a quick race, it will be a marathon.
What did he actually say? I'd love to see how it addresses why sound money is worse than bureaucrats who can create money out of thin air.
I cite none other than (ironically) former Federal Reserve Chairman Alan Greenspan to completely, and utterly obliterate Bernanke's argument against reinstating the Gold Standard:
http://www.321gold.com/fed/greenspan/1966.htmlIn 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. 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.
Last edited by QE Is Theft; 04-06-2012 at 11:08 PM.
It does not matter whether it is a gold standard, FRBN standard, moon rock standard.
As long as there exists a fractional reserve system and monetary policy dictates from a central bank, nothing will change.
It is dangerous to assume that merely if we had a gold standard, the economic issues we suffer would not occur.
But history has shown us gold standards - and they suffered economic turmoil for the very reason we do today - central bank and government manipulation.
If the core cause of economic turmoil remains the same, you are merely played as fools even with gold.
I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:
Tin Foil Hats, Economic Reality and the Total Perspective Vortex
Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's HR 1098: Free Competition in Currencies Act?
It's not the gold that is magic, it's the fact that in all of recorded history people have chosen gold to store and measure wealth that is magic.
Let the free market chose what to use for money and I'm happy. Heck, we might even see so much gold come out of hiding that it would be deflationary for it's price as compared to other commodities, and that would be fine with me too.
Which is why the magic eight ball has the answers..
Last edited by WilliamC; 04-07-2012 at 08:11 AM.
Ron Paul: He irritates more idiots in fewer words than any American politician ever.
NO MORE LIARS! Ron Paul 2012