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| The importance of SOUND MONEY can not be overstated. The principle of sound money is a central pillar in the protection of the public’s constitutional rights, the control of relentless government spending and the restriction of political ‘reach’ and growth of socialist programs. This fundamental guiding tenet was well understood prior to the founding of the US Federal Reserve in 1913 and its modern day foray into untested and unsound money concepts such as ZIRP and Quantitative Easing
The Austrian Economist Ludwig von Mises succinctly wrote in 1912 in ‘THE THEORY OF MONEY & CREDIT”: “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically, it belongs in the same class with political constitutions and bills of rights.” Gordon T Long & Charles Hugh Smith discuss whether the US government is now in fact being forced to prepare for a crisis event brought on by the eventuality of unsound money, the debasement of the currency and debt saturation. The facts are hard to dispute, based on the number and nature of Executive Orders being issued, and the extensive number of alarming surveillance programs on US citizens being aggressively and quietly implemented by government agencies under the cover of the 12 year “War on Terror”. |
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