"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." -- Alan Greenspan
"If the governments devalue the currency in order to betray all creditors, you politely call this procedure 'inflation'." -- George Bernard Shaw
TWEETS & QUOTES
Obama Campaign Aide Caught Lying Over Anti-Romney Ad http://t.co/XWcmrBaB
Better a poor man whose walk is blameless than a fool whose lips are perverse. ~ Proverbs 19:1 [Who might the fool be?]
No voter fraud? When 1,099 felons vote in race won by 312 ballots? http://t.co/0NyXXaDc
Shady, really shady > MA Sends Voter Registration Forms to 500K Welfare Recipients http://t.co/RnZeWXGa
Why this Afro American small businessman and life-long Democrat will never vote Democrat again http://t.co/B5ON7Lah
Barry Soetoro, the Invisible Man's Columbia history is a vital security matter, not just a political issue http://bit.ly/MDtosI
Why Liberals are Scared to Death Right Now : The Silent Majority Is Awakening! http://bit.ly/OY9pkt
Liberals' Secret Weapon: Republicans Who Don't Read http://bit.ly/MzVs04
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