By Pete the Banker Remember that on April 5 1933 to “protect” Americans, Franklin Roosevelt with a Presidential Executive Order mandated the confiscation of gold coin, gold bullion, and gold certificates, effectively forcing people to exchange the precious metal for a depreciating paper currency.
And in 2010 with the dollar in secular decline, Congress seeks to “protect” Gold Investors, “As gold tops $1,300 an ounce, lawmakers in Washington are aiming to ensure that consumers don’t get trounced by bad gold deals.” HERE. This is the same Congress who has enacted excessive spending measures creating uncertainty and the decline in the dollar, correspondingly driving gold to these exceedingly “high” price levels. And now this Congress intends to help protect gold investors???!
The irony prompts one to ask from whom and from what Congress intends to protect gold investors??? Be very, very afraid. The answer is best addressed by former President Reagan when he said the most terrifying nine words in English are, ‘I’m from the government and I’m here to help.” !!
The irony prompts one to ask from whom and from what Congress intends to protect gold investors??? Be very, very afraid. The answer is best addressed by former President Reagan when he said the most terrifying nine words in English are, ‘I’m from the government and I’m here to help.” !!
Tell ’em where you saw it. Http://www.victoriataft.com
