[e-gold-list] Fwd: Re: clear thinking

[unlinQ Marketing]

On 5/3/07, Pete Chown <1 at 234.cx> wrote:
> unlinQ Marketing wrote:
> > In the absence of the gold standard, there is no way to protect
> > savings from confiscation through inflation.
> Actually, democracy provides some protection.

Uusally not, as democracies tend to engage in wholesale redistribution
of wealth through taxation which is also theft (if you or I can't do
it, that is reach into the pockets of another person without their
permission, then its just as criminal for citizens to use government
force to do so).

> > Deficit spending is simply a scheme for the confiscation of
> > wealth. Gold stands in the way of this insidious process.
> If the gold standard is in place, what stops the government simply
> borrowing the money/gold at interest?

Unless they confiscate the gold (as they did in the U.S. in the 1930s)
or refuse to honor gold-backed paper exchanges, people will simple
hold the metal as coins.

-- 
unlinQ
Financial Services Marketing Group


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