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<p>[QUOTE=&quot;Cloudsweeper99, post: 88112, member: 3011&quot;]ranchhand,</p><p><br /></p><p>I think your interpretation of history is unfounded.&nbsp; Under a gold standard, gold is supposed to flow to whatever country is consuming more than it is producing.&nbsp; It&#039;s a self-regulating system.&nbsp; The country would not have &quot;gone broke&quot; any more than it did the dozens of other times when gold flowed out of the country temporarily.&nbsp; Also, there is the little issue about WHO DECICES.&nbsp; In a free country, people should be able to spend the gold or save the gold depending on personal preference.&nbsp; The belief that the government should establish policies that ensure the inflow of gold is the old mercantilist system which is thoroughly discredited.&nbsp; The key point that Speedy has so brilliantly related is that the gold that Roosevelt took belonged to the people, not the government.&nbsp; He basically just stole the gold and gave it to the banks.&nbsp; This is about as &quot;nefarious&quot; as things get.&nbsp; Keep in mind that in those days, the Mint coined gold coins but did not own them.&nbsp; The coins were the personal property of the people.&nbsp; So Roosevelt&#039;s action is the same as if the government came along today and took ownership of your house without your permission and gave you script money for it that they promised was just as good as owning a house.&nbsp; Even if it is, the action is still immoral.[/QUOTE]</p><p><br /></p>

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