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New Member
Nor do I covet what the wealthy have (i.e., those that rightly earned it).
The problem I have is with those who became wealthy by thefts, i.e., stealing from the American people.
It is very... un-Biblical to desire the redistribution of wealth, taking it from those who rightly earned it and giving it to those who did not earn it. Doing that in itself is also theft per God's Word.
The financial crisis we face today was not just the result of false mortgage speculation. It is the result of men that have picked the pockets of the American people by using the taxpayer as a backup outlet since moving our U.S. monetary system off the gold standard in the early 1970's.
It would behove many to pay attention to what ex-Chairman of The Board of The Federal Reserve Alan Greenspan said back in 1966 before he became Chairman of the Fed...
"Published in Ayn Rand's "Objectivist" newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967.
...
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. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
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."
The full article can be found here:
http://www.constitution.org/mon/greenspan_gold.htm
The problem I have is with those who became wealthy by thefts, i.e., stealing from the American people.
It is very... un-Biblical to desire the redistribution of wealth, taking it from those who rightly earned it and giving it to those who did not earn it. Doing that in itself is also theft per God's Word.
The financial crisis we face today was not just the result of false mortgage speculation. It is the result of men that have picked the pockets of the American people by using the taxpayer as a backup outlet since moving our U.S. monetary system off the gold standard in the early 1970's.
It would behove many to pay attention to what ex-Chairman of The Board of The Federal Reserve Alan Greenspan said back in 1966 before he became Chairman of the Fed...
"Published in Ayn Rand's "Objectivist" newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967.
...
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. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
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."
The full article can be found here:
http://www.constitution.org/mon/greenspan_gold.htm