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....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.
- Allen Greenspan - Gold And Economic Freedom
Financial And Economic News
Cost of the War in Iraq
(JavaScript Error)
America's Total Debt Report
America has become more debt-dependent than ever before - with total debt of $44 trillion, or $147,312 per man, woman and child - by Michael Hodges
Federal Reserve Policy Destroys The Value Of Your Savings
When the Federal Reserve increases the supply of dollars in circulation, both paper and electronic, prices must rise eventually. - by Ron Paul
Federal Reserve: U.S. Headed For Bankruptcy
A newly published paper by a researcher for the Federal Reserve Bank of St. Louis warns that a ballooning budget deficit and pension and welfare timebomb is growing into a $65.9 trillion fiscal gap that will force the United States into bankruptcy. - by World Net Daily
Fed's Researcher: 'Very High' Taxes, Inflation Coming
Professor funded by Federal Reserve warns of tumultuous economy. - by World Net Daily
Money: Substance Or Symbol - Part I
Our abstract monetary system creates money by borrowing it into existence through banks. Eventually, those who create the money will enslave everyone else in debt, and end up owning all property. The abstract will consume the reality. The only solution is, don't use their money. - by Franklin Sanders
Money: Substance Or Symbol - Part II
To secede personally from the monetary system, every one of us must stop thinking of money, and start thinking of wealth. About 650 B.C. a new technology arose in Lydia, in Asia Minor. It was destined to change the entire world. It was called "coinage." Until coinage, every transaction paid in copper or silver or gold required different sized ingots to be weighed out, after they had first been tested for purity. Using metallic money was slow, and risky. Direct barter was more efficient, but it limited trade. - by Franklin Sanders
The Federal War On Gold
Given the rising price of gold and the fact that federal spending is totally out of control, the prospect of gold confiscation and criminalizing the private ownership of gold by federal authorities inevitably rears its ugly head.
There are few things that federal big spenders hate more than gold. Why? Because they know that, historically, gold has provided the best means by which people could protect themselves against the ravages of a rapidly depreciating currency. The mainstream press often uses the term “inflation” to describe rising prices. That’s incorrect. Actually, when the general price level is rising, that’s a result of inflation, not inflation itself. Inflation is the process by which governments print up the money to pay for ever-increasing expenditures. - by Jacob G. Hornberger
Inflation And War Finance
As the war in Iraq surges forward, and the administration ponders military action against Iran, it’s important to ask ourselves an overlooked question: Can we really afford it? If every American taxpayer had to submit an extra five or ten thousand dollars to the IRS this April to pay for the war, I’m quite certain it would end very quickly. The problem is that government finances war by borrowing and printing money, rather than presenting a bill directly in the form of higher taxes. When the costs are obscured, the question of whether any war is worth it becomes distorted. Congress and the Federal Reserve Bank have a cozy, unspoken arrangement that makes war easier to finance. Congress has an insatiable appetite for new spending, but raising taxes is politically unpopular. The Federal Reserve, however, is happy to accommodate deficit spending by creating new money through the Treasury Department. In exchange, Congress leaves the Fed alone to operate free of pesky oversight and free of political scrutiny. Monetary policy is utterly ignored in Washington, even though the Federal Reserve system is a creation of Congress. The result of this arrangement is inflation. And inflation finances war.
- by Rep. Ron Paul
![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/images/sp_en_6.gif)
Video: Ron Paul On Federal Reserve, Banking And Economy
Ron Paul discusses hard money.
- by YouTube
The Gold Standard Is Required To Preserve Liberty
The cost of war is enormously detrimental; it significantly contributes to the economic instability of the nation by boosting spending, deficits, and inflation. Funds used for war are funds that could have remained in the productive economy gto raise the standard of living of Americans now unemployed, underemployed, or barely living on the margin.
Yet even these costs may be preferable to paying for war with huge tax increases. This is because although fiat dollars are theoretically worthless, value is imbued by the trust placed in them by the world’s financial community. Subjective trust in a currency can override objective knowledge about government policies, but only for a limited time. - by Congressman Ron Paul
Ron Paul Debates the Federal Reserve--1983
A year after the Mises Institute was founded it hosted a debate on the Gold Standard between Congressman Ron Paul and Charles Partee, member of the Federal Reserve Board of Governors.
- by Max Raskin / LewRockwell.com Blog
What the Price of Gold Is Telling Us
Holding gold is protection or insurance against government's proclivity to debase its currency. The purchasing power of gold goes up not because it's a so-called good investment; it goes up in value only because the paper currency goes down in value. - by Ron Paul
Gasoline Is Not Going Up!
For the first time in my life, I put $70 worth of gas in my car. It wasn't premium and my tank wasn't empty. - by Paul Proctor
Gasoline at 10 Cents a Gallon and Falling
Does gasoline at 10 cents a gallon and falling sound impossible in today's world? Well, if you think it's impossible, you're wrong. Because that's where gasoline actually is, and it looks like it's going even lower. - by George Reisman
Honest Money Gold And Silver Report
Let us seek to master the seeming perplexities of money, coin, credit and circulation - by Douglas V. Gnazzo
2006 Silver Investment Conference by SilverSeek.com
The first ever online silver investment conference - by SilverSeek.com
Gold Money And Equal Tax Rates
AFR's mission statement outlines a radical new strategy for the third party approach that eliminates the two damaging errors that all contemporary third parties make, errors that doom them to defeat. - by Nelson Hultberg
Video: Congressman Ron Paul From The San Francisco Hard Assets Investment Conference
Congressman Paul is a staunch advocate of asset based currencies and he shares these views regularly with his constituents in Washington D.C. - by Korelin Economics Report
Thoughts On The Future Of Gold And Silver
Writer and editor of Trader Tracks, Roger Wiegand, President and owner of First Securities Northwest, Ben Johnson, and James Turk, founder and chairman of GoldMoney.com speak with Al and Paul about what the future holds for the gold and silver markets. They give their own predictions for where the market will go and the strategies intend to follow.
- by Korelin Economics Report
The resource links throughout this website are provided for research and educational purposes. The opinions and views expressed are those of the original author(s) and do not necessarily reflect the opinions and views of Today's American Dream or it's webmaster.
Fair Use Notice
Home | News | Mission | Products | Resources | Contact Us | Links
Privacy Policy: Today's American Dream does not sell or share any
personal information about its visitors to any third party.
