by Dave Kranzler, Investment Research Dynamics:
Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. – Ayn Rand, “Atlas Shrugged”
I don’t know about anyone else, but I find it ironic that Alan Greenspan, the guy who inflated the fiat currency and debt bubble – the Great U.S. Ponzi Scheme, was a disciple of Ayn Rand before Henry Kissinger got ahold of him and turned him inside-out.
I wanted to post an article that I read back in 2007 which shed even more light on the truth about what was unfolding economically in the United States:
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.
The part about the nature of inflation was not the eye-opener.
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