The Gold Standard

One of the many slick tricks of the Obama administration was to hide rules governing the sale of gold – in the healthcare bill!

As long as the US was on the gold standard, they could only print as much money as they had gold, since the gold backed the paper money. What this meant, was that anyone could turn in their dollars to the government and get the gold which secured it. Just try doing that now!

This gold standard prevented politicians from taking over the economy, so they got rid of it in 1933. FDR was the one who did the deed and yes, he was a big-time progressive.

Being on the gold standard prevented the government from printing  more money and repaying the owners of government bonds with dollars that are cheaper than the dollars with which the bonds were bought. In other words, politicians cannot cheat people as easily.

But, even with the gold standard gone, the ability of private individuals to buy gold reduces the ability of the government to steal the value of their money by printing more money.

Inflation

A hundred dollar bill would buy less in 1998 than a $20 bill would buy in the 1960s. Think about that. Anyone who has saved their money over those years would have lost 80 percent of its value, because your cash is safe from politicians who control the printing presses.

That is why some people buy gold when inflation seems imminent. When many people exchange their dollars for gold, they are not subject to the very inflation that lets the politicians take them from you.

Because so many have experienced this bad Obama economy, gold sales have risen dramatically.

Indeed, freedom in general cramps the government's style. Those on the left may not be against freedom in general. But, at every turn, they find the freedoms granted by the Constitution of the United States hampering the left's agenda of imposing their superior wisdom and virtue on the rest of us.

The desire to restrain or control the buying and selling of gold is just one of the many signs of the inherent conflict between the freedom of the individual and the Left's attempts to control our lives.

Sneaking a provision on gold purchases and sales into massive legislation that is supposedly about medical care is just one of the many cynical tricks used to circumvent the public's right to know how they are being governed. The Constitution begins, "We the people" but, to the left, both the people and the Constitution are just things to circumvent in order to carry out their agenda.
– Thomas Sowell

The picture above is of Ben Vernanke. Honestly, my Economist son could a 100% better job. He saw the dangers way back in the campaign.