10 March, 2009

And They Call It 'Change'

Point out that America had zero inflation from 1787 to 1912 – that private investments with returns as low as 2 percent would actually increase your wealth and buying power (a far cry from today), because the Congress was doing its job as stipulated in the Constitution, "To coin Money (and) regulate the Value thereof," fixing the dollar at a set weight of silver or gold, instead of turning over the whole show to a private banking consortium which now prints "dollar notes" redeemable in precisely nothing – and most Americans react with the same level of discomfort and embarrassment as if you'd just expounded some laughable conspiracy theory involving space aliens and Freemasons performing weird rituals in the basement of the Vatican.
Vin, as usual is spot on.


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