Liberty vs. Leviathan

Chronicling Liberty's battle against Leviathan

Roosevelt Redux?

If you think you’ve protected yourself from the financial turmoil surrounding us by investing in one of the gold ETFs (GLD, IAU), think again.  Steven LaTulippe reminds us that inflation is governmental policy and government will not tolerate anyone escaping their dastartdly deeds:

The reason governments inflate their currency is to surreptitiously confiscate wealth from those individuals who store their wealth in that currency. If too many citizens shield their wealth by investing in gold, they nullify the entire scam. Inflation “works” because citizens are forced – by legal tender laws – to store their wealth in a medium controlled by the government. As a government counterfeits its currency, it sucks wealth from all of those people who hold that currency.

The government cannot tolerate too many of its citizens successfully evading inflationary confiscation. In a worst-case scenario, a headlong rush into gold would destroy the dollar completely as individuals replaced it with gold as a medium of wealth storage and exchange.

This cannot be permitted under any circumstances, since it would undermine the very foundations of our governing elite’s power.

He then paints a scenario where gold could be confiscated once again in Whatcha Gonna Do at LewRockwell.com.

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