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Jim's Quote of the Day:
"Unfortunately, solving our economic problems is not a simple matter
of passing a law to reestablish gold or any other commodity as money. It was
not the politicians, but rather the electorate that demanded the abandonment
of the gold standard and the establishment of a credit-money standard. In a
nation run by majority rule, unless you can convince individuals to abandon
the use of government as a sword of theft, gold or any other commodity will
never last as the basis for money. A gold standard is not the cause of a stable
economy, it is the result of a stable economy; it is not the solution to our
problem, but will be one of the consequences when a solution is found. We had
a gold standard in the U.S. for over 150 years, yet it didn't prevent our current
economic debacle. Establish it again, and it will be abandoned again. In fact,
it may be established again just as a sly trick to restore confidence in the
value of currency, since backing the dollar with gold would make people think
that our problems were solved. But the problems will not be solved, not until
the use of government as a method of plunder is stopped." -
John Pugsley, The
Alpha Strategy
