Gold Standard's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/192178/comments http://seekingalpha.com/article/76784-let-s-not-write-the-fed-a-blank-check?source=feed#comment-172311 172311 www.yale.edu/lawweb/av...

In President Jackson's veto message regarding the central bank at that time, the same words could apply today as well.

"A bank of the United States is in many respects convenient for the Government and useful to the people. Entertaining this opinion, and deeply impressed with the belief that some of the powers and privileges possessed by the existing bank are unauthorized by the Constitution, subversive of the rights of the States, and dangerous to the liberties of the people, I felt it my duty at an early period of my Administration to call the attention of Congress to the practicability of organizing an institution combining all its advantages and obviating these objections. I sincerely regret that in the act before me I can perceive none of those modifications of the bank charter which are necessary, in my opinion, to make it compatible with justice, with sound policy, or with the Constitution of our country."]]> Thu, 22 May 2008 22:46:41 -0400 www.yale.edu/lawweb/av...

In President Jackson's veto message regarding the central bank at that time, the same words could apply today as well.

"A bank of the United States is in many respects convenient for the Government and useful to the people. Entertaining this opinion, and deeply impressed with the belief that some of the powers and privileges possessed by the existing bank are unauthorized by the Constitution, subversive of the rights of the States, and dangerous to the liberties of the people, I felt it my duty at an early period of my Administration to call the attention of Congress to the practicability of organizing an institution combining all its advantages and obviating these objections. I sincerely regret that in the act before me I can perceive none of those modifications of the bank charter which are necessary, in my opinion, to make it compatible with justice, with sound policy, or with the Constitution of our country."]]> http://seekingalpha.com/article/78439-a-run-on-central-banks?source=feed#comment-172056 172056
If you want to cure a disease you have to kill it at the source, and not put a bandaid on a symptom.]]> Thu, 22 May 2008 15:41:08 -0400
If you want to cure a disease you have to kill it at the source, and not put a bandaid on a symptom.]]> http://seekingalpha.com/article/76498-nymex-speculators-aren-t-driving-oil-market?source=feed#comment-166283 166283
The US Government and its partner in crime, the Federal Reserve have been inflating the Greenback for 95 years. Since the 1970's the money supply has grown by over 1500%, and it the last few years to pay for the war in Iraq, the printing presses have been running full tilt. This is why the Greenback which used to be worth more than the Euro, is now worth considerably less.

Had the US stayed on the Gold Standard, just like the Constitution demands, oil would be currently trading at around $3 per barrel.]]> Mon, 12 May 2008 12:19:22 -0400
The US Government and its partner in crime, the Federal Reserve have been inflating the Greenback for 95 years. Since the 1970's the money supply has grown by over 1500%, and it the last few years to pay for the war in Iraq, the printing presses have been running full tilt. This is why the Greenback which used to be worth more than the Euro, is now worth considerably less.

Had the US stayed on the Gold Standard, just like the Constitution demands, oil would be currently trading at around $3 per barrel.]]>