>>8176419
Gold and economic freedom
“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. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.”
https://youtu.be/O6ayb02bwp0
http://www.usagold.com/publications/greenspan.pdf
An inquiry into the evils of a fluctuating medium of exchange…
A Caveat Against Injustice
http://www.rogershermansociety.org/caveat.htm
“In fact, it's easy enough to show, and it's impossible to refute, that a dollar is a specific silver coin containing three hundred seventy-one and a quarter grains of fine silver. It's always been that way, at least since the beginning of the American Republic. The Constitution fixes the monetary unit of the United States as this dollar, and it empowers Congress to coin silver and gold coins, the values of which have to be regulated in relation to the dollar. And it very specifically prohibits the government from issuing what the Founding Fathers called "bills of credit" – what we would call today paper currency that's redeemable in silver or gold. And the Constitution also outlaws any form of legal tender except silver and gold coins. Thus, from the perspective of the Constitution and most of American history, it is really senseless to talk about making the dollar redeemable, or to talk about adopting a silver- or a gold-backed dollar. The very fact that so much debate on the Federal Reserve system focuses on this really senseless point demonstrates how totally ignorant most of the people are about the subject of American money.”
~ Edwin Vieira Jr.