Bail-out destroys economic stability
Two recent articles in the Boundary County Digest on the topic of our financial woes got my attention.
One woe by R.J. Cohn and the other by Edward Jones of Jones Financial Services. Both articles supported inflationary spending to solve the problem caused by inflationary spending. This would be on the same level as curing a cold by inducing pneumonia.
John Maynard Keynes explained it this way, by a continuing process of inflation, governments can confiscate secretly and unobserved on important part of the wealth of their citizens. There is no subtler, no surer means of over throwing 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 so in a manner which not one man in a million is able to diagnose.”
Inflation is defined as an over issue of currency and takes place when the government spends more than it takes in taxes. The formers of the Constitution knew full well the danger of inflation and therefore stipulated that only gold and silver coins would be used as tender. A dollar was determined to be 371.25 grains of silver. The issue of currency with the words “dollars” stamped on them are substituted and is the means by which government has confiscated our wealth secretly and unobserved.
A dollar now has the same amount of purchasing power as a nickel did in 1913 prior to the Federal Reserve being established.
What we are witnessing then is the transfer of wealth from those who earned it to those who didn’t, without raising direct taxes and without people realizing what is taking place just as John Maynard Keynes explained before doing his flip flop and becoming an advocate of inflation.
Those who advocate or take part in the present bail-out manic or any other government sponsored handout programs are unwittingly helping to destroy our economic stability and thus our freedom.
To reverse this trend we the citizens must demand a return to constitutional money i.e., gold and silver, which cannot be inflated. When the people are in control of the gold and silver, it puts them in control of the government. When the government is in control of the gold it puts government in control of the people i.e. socialism.
A prominent British socialist described the future he envisioned this way, He wrote, “you would be forcibly fed, clothed, lodged, taught, and employed whether you liked it or not. If it were discovered that you had not character and industry enough to be worth all this trouble, you might possibly be executed in a kindly manner.”
For more about money, ask me for a DVD called “Dollars and Sense.”
Robert Vickaryous
Copeland