Golden Handcuffs On The US Government

New Delhi: June 10, 2008: 1800hrs
Thank God Americans are finally thinking right and talking of sound money as the “golden handcuffs” to place upon the welfare-warfare US federal government.

Lew Rockwell’s recent speech on the subject is truly worth reading. He sees the US Federal Reserve as the enemy.

He ends with strong words:

“It comes down to this. If you hate war, oppose the Fed. If you hate violations of your liberties, oppose the Fed. If you want to restrain despotism, restrain the Fed. If you want to secure freedom for yourself and your descendants, abolish the Fed.”

The web page contains a link to an excellent interview with Professor Joseph Salerno, an authority on money and banking. Do check out the interview.

Sound money is a must if we are to inhabit a civilized world. As long as central banks exist, central governments will overspend in their own interests, whether welfare (as here) or warfare (as there).

This is the case for “golden handcuffs” on all the governments of the world – a return to gold and silver, sound money that people choose on their own. No more inflation. Steady growth. Falling prices.