dollars and (common) sense   Leave a comment

How much will we actually be spending, in real value? That is the question that must be grappled
with when discussing the massive debt which we will incur
under Team Obama’s spending plans.  Notice,
strangely, that every statist has always demanded
the dollar be backed by–nothing.  Richard Nixon
took us off the Gold Standard in the early seventies,
permanantly producing those pesky cyclical periods of inflation, boom and bust . Alan
Greenspan  (long before he became the head of that
particularly odious part of the problem) showed in
his brutally lucid Gold and Economic Freedom the
connection between an un-backed currency and
inflation.  Let’s, for the sake of shock value and
hyperbole, look at the actual cost–in real value-of
Obama’s current spending proposals.

The dollar’s value, as defined by the Constitution, is
1/20th of an ounce of gold.

An ounce of gold is currently (as of 3/6/09) selling for
$933.00 an ounce.

B. Hussein Obama and his comrades in Congress have spent or have
proposed spending $20,000,000,000.00 (twenty
trillion dollars) on a host of big items including money already spent on
studying why pigs smell, promoting astronomy in
Hawaii, grape production, and cricket research.

At current prices, if we had a gold-backed dollar, we
would be spending $933,000,000,000.00 (nine
hundred thirty three trillion dollars).

The statists will argue: “see, we can’t back the
dollar by gold, see how much would really be spent
on swine studies and tattoo removal?”

Ladies and gentleman, that is precisely the point Mr.
Greenspan made (before he de-legitimized himself by getting in bed with the same folks he originally condemned).  This is the Statist’s means of
appropriating (the government’s double-speak for
stealing) more of your wealth, covering up it’s actual
value, then refusing to acknowledge it’s own role in
the destruction of the very dollar and economy they claim to be
there to protect.

It’s your hard work they are stealing, make the most of it.


Posted January 28, 2010 by cchashadenough in Uncategorized

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