FoundingFathers
07-10-2003, 01:22 AM
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Over the last year I've heard Barton Biggs of Morgan Stanley state that
betting on gold is betting against the United States. At first this really ticked me off! I'm betting on gold, does this mean I am unpatriotic? Does this mean that I am hoping for our country to fail? Does this mean I am a bad person? Although I quickly dismissed this statement as idiotic, it stayed with me somewhere in the back burner of my mind. Every so often it would re-arise with a little more meaning only to fall back to the dark corners - sitting there - slowly cooking - almost forgotten.
Recently it has come back in full force - a strong realization that Mr. Biggs is absolutely correct. Betting on Gold IS betting against America. That I am now sure of. It is betting against TODAY's America. The America of Barton Biggs. The America that is now controlled by politicians, government and bankers. The America that is in the hole for $44 trillion. The American economy run by the central planning Fed that has destroyed true money and replaced it with a currency that has lost over 90% of its value since the Fed came to being. A central bank that through its policies and actions have weakened free markets and capitalism and have created a continuous environment of Moral Hazard.
Today we have retired widows pulling money from Cd's and buying stocks and junk bonds just so they can hope to be able to pay their bills. The America identified not by its citizens but by its enormous, all-powerful, meddling, and every growing Government. An America that has allowed bankers to run up record debt levels at the Government, Corporate and Individual Level. An America that sucks the money from the productive citizens and passes it on to endless entitlement programs and to the insatiable hunger of wasteful bureaucracy. An America with a financial foundation based on debt,paper and derivatives vs. the vault at Fort Knox. An America with a dumbed down citizenship that has been slowly but surely enslaved by the debauched currency without their knowledge or recognition. This is the America that Gold is betting against.
Gold is betting FOR the America that was founded over 200 years ago with the signing of the Constitution. An America for LIMITED government.
** An America for free and honest money as the Framers intended.
** An America which would encourage - and celebrate - hard work and successful enterprise.
** An America which every man was free - but nothing guaranteed.
** An America of individual responsibility. An America controlled by the people and their money (gold and silver) vs the bankers and their money (fiat currency).
** An America which produced more that it purchased and invested the surplus in America.
** An America that as a country was free as much as an individual with no debt and gold/silver savings is free VS. an indebted and enslaved American with it's indebted and enslaved citizenship.
** The America of Jefferson - who warned us of Banks and paper money.
** The America of Washington - who warned us of Foreign entanglements and preached the virtues of Liberty .
** The America of Franklin who arrived in a strange city (Philadelphia) with a loaf of bread and became one of the greatest inventors, businessmen, scientist,statesman, revolutionist, and diplomats the world has known.
** The America of Adams - who pursed the Puritan ideal of hard work, strong classical education, peerless morals, self responsibility and respect.
Mr. Biggs - THAT is the America of Gold. Betting on Gold is betting on America - just not YOUR America.
By Founding Fathers
Over the last year I've heard Barton Biggs of Morgan Stanley state that
betting on gold is betting against the United States. At first this really ticked me off! I'm betting on gold, does this mean I am unpatriotic? Does this mean that I am hoping for our country to fail? Does this mean I am a bad person? Although I quickly dismissed this statement as idiotic, it stayed with me somewhere in the back burner of my mind. Every so often it would re-arise with a little more meaning only to fall back to the dark corners - sitting there - slowly cooking - almost forgotten.
Recently it has come back in full force - a strong realization that Mr. Biggs is absolutely correct. Betting on Gold IS betting against America. That I am now sure of. It is betting against TODAY's America. The America of Barton Biggs. The America that is now controlled by politicians, government and bankers. The America that is in the hole for $44 trillion. The American economy run by the central planning Fed that has destroyed true money and replaced it with a currency that has lost over 90% of its value since the Fed came to being. A central bank that through its policies and actions have weakened free markets and capitalism and have created a continuous environment of Moral Hazard.
Today we have retired widows pulling money from Cd's and buying stocks and junk bonds just so they can hope to be able to pay their bills. The America identified not by its citizens but by its enormous, all-powerful, meddling, and every growing Government. An America that has allowed bankers to run up record debt levels at the Government, Corporate and Individual Level. An America that sucks the money from the productive citizens and passes it on to endless entitlement programs and to the insatiable hunger of wasteful bureaucracy. An America with a financial foundation based on debt,paper and derivatives vs. the vault at Fort Knox. An America with a dumbed down citizenship that has been slowly but surely enslaved by the debauched currency without their knowledge or recognition. This is the America that Gold is betting against.
Gold is betting FOR the America that was founded over 200 years ago with the signing of the Constitution. An America for LIMITED government.
** An America for free and honest money as the Framers intended.
** An America which would encourage - and celebrate - hard work and successful enterprise.
** An America which every man was free - but nothing guaranteed.
** An America of individual responsibility. An America controlled by the people and their money (gold and silver) vs the bankers and their money (fiat currency).
** An America which produced more that it purchased and invested the surplus in America.
** An America that as a country was free as much as an individual with no debt and gold/silver savings is free VS. an indebted and enslaved American with it's indebted and enslaved citizenship.
** The America of Jefferson - who warned us of Banks and paper money.
** The America of Washington - who warned us of Foreign entanglements and preached the virtues of Liberty .
** The America of Franklin who arrived in a strange city (Philadelphia) with a loaf of bread and became one of the greatest inventors, businessmen, scientist,statesman, revolutionist, and diplomats the world has known.
** The America of Adams - who pursed the Puritan ideal of hard work, strong classical education, peerless morals, self responsibility and respect.
Mr. Biggs - THAT is the America of Gold. Betting on Gold is betting on America - just not YOUR America.
By Founding Fathers