Friday, April 6, 2007

Economic Meats

Our current economic policies are established on greed if not destructive intent.
"The measure of wealth of a nation is indicated by the measure of its production of its industry: the measure of the poverty of a nation is marked by the degree in which it neglects and abandons the care of its industry. Leaving it exposed to the actions of foreign powers." Congressman Henry Clay 1824
"If we buy a steel rail from England, we have the rail and they have the money, But if we buy it from ourselves, we have both the rail and the money."
~ Abraham Lincoln
The truth is Gold is free market competition to government issued debt backed, fiat [valueless] paper currencies. This is particularly the case of the world's reserve currency, the dollar.
"Paper is poverty... it is the ghost of money, and not money itself ~ Thomas Jefferson
"Wake up, you idiots! Whatever made you think paper was so valuable?"
~ Kurt Vannegut
"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... ... [Gold] stands as a protector of property rights ~ Alan Greenspan - Gold and Economic Freedom
"By a continuing process of inflation, governments can confiscate, secretly and unabserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." ~ John Maynard Keyes The Economic Consequences of the peace 1920

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