Loading ...Gold Bug Quote from 1966
Can you guess who wrote this??? LOL!!!!
““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 … 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. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” –
Author: Alan Greenspan, 1966
Wow!
Which Alan Greenspan wrote this? The one who believes in “economic freedom” or the one who believes that all problems are solved with more credit?
You guessed it right the one who was FED chief for two terms.
I have seen Greenspan’s essence described as largely that of a social climber. At that time he was Ayn Rand’s toady. Later he moved on to bigger and seemingly better things.
Most men are good in nature and Greenspan spoke the truth in 1966, when faced with the banking mafia wrecking your life and your good name,most good men buckle under to conform, bought and paid for so to speak. If anyone of us were in Greenspan’s shoes would we do any different? I have talked endlessly to individuals that are common men and to try to get them to wake up and see the façade perpetrated around them for what it truly is,one might as well beat his head into a rick wall. Ask yourself the question would you do any different?
‘It is difficult to free people from the chains they revere.’
It sounds as if you have tried to do things differently, as I suspect many of us have. One has to make some compromises, but one does not have to try to lull people into deception in order to gain exceptional power, wealth, and fame. One can reasonably make compromises and take advantage of some modest comforts as one tries “to get [people] to wake up and see the façade perpetrated around them for what it truly is”, as you have done. Or so is my opinion.
Karl….great Ans…rah rah
Don’t get me wrong Karl, I in no way am condoning Greenspan’s criminal tenure, as IMO all central bankers are legalized criminals who commit theft. in doing so I was trying to provoke thought about why these seemingly good men stoop to defraud their fellow man with deception, it causes massive harm and suffering throughout the world. It seems as one gets along in life that the more important questions get asked of oneself, maybe Greenspan is feeling guilty of taking up with the financial mafia and this is the reason for his recent articles on gold once again. Anyway, nothing changes until the masses awaken and figure out who they truly are.
Great question…but yes I would have done different. Read VON MISES
Give me Liberty or Give me ….Money
🙂
That’s the problem, the common man has no idea what money is or how it is brought into existence, his lack of knowledge affords him neither liberty or money.