The Gold Problem ...

closet.cult said:

i watched Aaron Russo's 'America: Freedom to Facism'. it outlines that very argument. the day the IRS began illegally taxing american's wages was a red letter date in losses of our freedom.

how about that quote from Wooddrow Wilson expressing regret:

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence

that says it all, mate.

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closet.cult said:

it has researched as to the authenticity by wiki and quoted for years by many reputable sources. i believe we understand exactly what he meant by those words.

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ViRedd said:

Med sez ...

"There is not enough gold on the planet to back all the US currency in circulation ..."

Where did all the gold go, Med? Did people just throw it away? Hardly. Almost all of the gold that was ever in existence, is still in existence except for that which has been used for industrial and/or dental purposes.

At the present time, gold is selling for slightly more than $740 per ounce. If we had gold backed money, one would need to own 37 twenty-dollar gold certificates in order to buy one ounce of gold's worth of goods. Remember, gold certificates would be issued by your local bank and would be redeemable in gold coin at your local bank as well. If government wanted to print money under a 100% gold-backed monetary system, government would have to dig more gold out of the ground making inflation nearly impossible. Under a gold standard, it would pay the American people to become savers again instead of being consumers. As we save today, inflation erodes the worth of our savings. In other words, inflation is nothing more than a hidden tax. Fiat money (paper money that is backed by nothing) has a big secret hidden behind it. Fiat money can be increased at will by government with nothing more than a stroke of a pen, or a keystroke of a computer. As more fiat money is created, the worth of those dollars that existed before it decreases in value. Government's only concern is that IT gets to use the money first ... and thereby build their welfare state. The monetary system we have now is a slave-state monetary system. The monetary system of free men is one whereby money is backed by precious metals.

Here's an excellent article on the issue written by Alan Greenspan in 1966:

321gold: Gold and Economic Freedom by Alan Greenspan 1966

Vi[/quot.........And I repeat: there is not enough gold to back the currency unless you price Gold @ 5-10 thousand an OZ. The national debt alone is approaching 10 Trillion., how you going to cover that and the currency? It would be nice and it could be done by taking all the rich pricks stash and burning it, LOL, That might work.

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ViRedd said:

"And I repeat: there is not enough gold to back the currency unless you price Gold @ 5-10 thousand an OZ. The national debt alone is approaching 10 Trillion., how you going to cover that and the currency? It would be nice and it could be done by taking all the rich pricks stash and burning it, LOL, That might work."

Not worth a response. Did you read the link I posted?

Vi

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medicineman said:

No, I tend to not read your plutocratic drivel.

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