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<p>[QUOTE=&quot;ratio411, post: 1182818, member: 26729&quot;]&quot;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. Gold stands as a protector of property rights. This is the shabby secret of the welfare statists&#039; tirades against gold. Deficit spending is simply a scheme for the &quot;hidden&quot; confiscation of wealth. If one grasps this, one has no difficulty in understanding the statists&#039; antagonism toward the gold standard.&quot; -Alan Greenspan</p><p>&nbsp;</p><p>&quot;The gold standard acted as a silent watchdog to prevent &#039;unlimited public spending.&#039; Our finances will never be brought in order until Congress is compelled to do so. Making our money redeemable in gold will create this compulsion. When you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the the rare prize known as human liberty. Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom.&quot; -Howard Buffett</p><p>&nbsp;</p><p><b>This guy must have had a crystal ball...</b></p><p>“The Federal Reserve Bank is eager to enter into a relationship with the Bank for International Settlements. The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States. The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.”</p><p>- Rep. Louis McFadden - Chairman of the House Committee on</p><p>Banking and Currency quoted in the New York Times (June 1930)</p><p>&nbsp;</p><p>“In a small Swiss city sits an international organization so obscure and secretive, control of the institution, the Bank for International Settlements, lies with some of the world&#039;s most powerful and least visible men: The heads of 32 central banks, officials able to shift billions of dollars and alter the course of economies at the stroke of a pen.”</p><p>- Keith Bradsher of the New York Times, August 5, 1995</p><p>&nbsp;</p><p>I don&#039;t know that the gold standard is the answer, but the Fed Reserve is draining us.[/QUOTE]</p><p><br /></p>

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