Wednesday, January 13, 2010

Lending Their Gold Or Our Labor?

That is the question. Is it wiser to continue forward using a monetary system that allows the central bankers to wager with our labor or should they wager with their own gold? Under a fiat money scheme like our expandable contractible dollar the central bankers can create extra dollars whenever they want thereby secretly stealing our labor output for their lending purposes. Under a hard money gold and silver based monetary system the people and the bankers own their own money because this type of money actually possesses real value unlike the fiat paper dollar.

So the central bankers say the financial crisis is due to a lack of oversight. I say it was caused by these same central bankers because they can lend out our labor futures rather than their own gold. Apparently, they lent out our labor to people who didn't even have jobs. They wouldn't have done this with their own gold under an Austrian Economic system based on real money made of precious metal.

Isn't it time Americans demanded real Constitutional gold and silver money we can own rather then renting the banker's incredible shrinking dollar?

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