Tuesday, March 8, 2011

FDR and the end of the gold standard

We used to be on the gold standard in this country. Now we're not. How did that happen? Consider this article, which discusses FDR's outlawing and confiscation of gold in 1933. The article discusses not what FDR did but why he did it.

From Moonlight Mint:
"FDR’s 1933 Gold Confiscation was a Bailout of the Federal Reserve Bank" by Daniel Carr
http://www.moonlightmint.com/bailout.htm

Bear in mind as you read the article how "money" comes into being--how it used to come into being and how it now comes into being. What stops the government from printing more and more money? Nothing. Nothing at all. And when it does, all that you have worked for is diminished, the purchasing power of the money you have earned is eroded. It is another way that the government taxes us, not only without our consent but without our knowledge (for most people, anyway).

There are very few politicians who even understand this process, fewer still who stand against it. Most are happy to remain ignorant and keep growing government, at our expense. Open your eyes, and vote accordingly.

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