GLOBAL GOLD STANDARD ALLIANCE
The importance of a sustainable and just unit of exchange is clearly seen by those who are able to think long term on this subject of currency.
Prominent personalities in banking and finance around the world understand all to well the necessity of such a standard, and yet often seem to be torn between their occupational expectations and the integrity of their personal understanding.
Allan Greenspan, 13th Chairman of the Board of Governors of the U.S. Federal Reserve (1987-2006)
Allan Greenspan is a modern example of this dilemma. Although his occupational expectation was clearly to serve the Federal Reserve System, (which is just another debt creation mechanism) Mr. Greenspans’ published views on this subject, outside of his occupational expectations, tell a story of the integrity of this mans personal understanding.
The eloquence of Mr Greenspan needs no embellishment to emphasize this point as can be seen from his written works on this subject.
"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."
If Mr Greenspan was the only voice in support of a gold and silver standard one might dismiss his brilliance, and stand in the que in support of fiat currency as being the only workable exchange.
Simply put, a gold and silver coin standard places a restraint on the government's ability to defraud the public through monetary inflation, and removes the necessity for individuals to place their trust in a government that is all too often broke, in debt and unaccountable.
in REFLECTION
History has established the economic benefit to those societies that have embraced the transparent scrutiny of open exchange, private bullion coinage. There exists no reason to doubt that a return to such a system could once again accrue comfort to the just, and upset to the villain. We invite you to consider the benefits of a just Gold and Silver Standard, in preference to fiat currencies, as "good morals is good economics."
The importance of a sustainable and just unit of exchange is clearly seen by those who are able to think long term on this subject of currency.
Prominent personalities in banking and finance around the world understand all to well the necessity of such a standard, and yet often seem to be torn between their occupational expectations and the integrity of their personal understanding.
Allan Greenspan, 13th Chairman of the Board of Governors of the U.S. Federal Reserve (1987-2006)
Allan Greenspan is a modern example of this dilemma. Although his occupational expectation was clearly to serve the Federal Reserve System, (which is just another debt creation mechanism) Mr. Greenspans’ published views on this subject, outside of his occupational expectations, tell a story of the integrity of this mans personal understanding.
The eloquence of Mr Greenspan needs no embellishment to emphasize this point as can be seen from his written works on this subject.
"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."
If Mr Greenspan was the only voice in support of a gold and silver standard one might dismiss his brilliance, and stand in the que in support of fiat currency as being the only workable exchange.
Simply put, a gold and silver coin standard places a restraint on the government's ability to defraud the public through monetary inflation, and removes the necessity for individuals to place their trust in a government that is all too often broke, in debt and unaccountable.
in REFLECTION
History has established the economic benefit to those societies that have embraced the transparent scrutiny of open exchange, private bullion coinage. There exists no reason to doubt that a return to such a system could once again accrue comfort to the just, and upset to the villain. We invite you to consider the benefits of a just Gold and Silver Standard, in preference to fiat currencies, as "good morals is good economics."