Talk is cheap but Gold is cheaper

Posted by admin on October 30th, 2009 filed in Gold against Oil

Go to http://www.goldiac.co.uk to buy real gold and silver.

Protect you and your family standard of life against hyperinflation.

When the dollar was taken off the gold standard in 1971, there no longer was any discipline on the money creation process. So we are now seeing with the dollar what the framers of the Constitution saw with the continental currency during the War of Independence. Without any external discipline, monetary history gives us the clear-cut message that the currency is always issued to excess, which creates inflation and inevitably destroys the currency. The continental eventually collapsed, causing economic hardships and widespread deprivation, which is one of the key reasons the framers of the Constitution sought to create a more perfect union. One aspect was a monetary union, where the silver dollar became the unit of account for commerce throughout the union of States what we today might call a common market. To ensure that the dollar would remain sound and could not be created to excess like the continental, the framers made clear in Article I, Sections 8 & 10 which provisions by the way were reinforced by the Coinage Act of 1792 that gold and silver would be the money of the several States that were uniting to form this new union. And so it was for about 180 years, namely, until President Nixon by executive order threw out the window these provisions of the Constitution and the body of monetary law that had been built up over the decades.

Go to http://www.goldiac.com/ to buy real gold and silver.

Protect you and your family standard of life against hyperinflation.

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