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User ID: 8668963 United States 08/31/2012 09:56 AM Report Abusive Post Report Copyright Violation | Americans Will Demand a Return to the Gold Standard (snip) "We don't have to just talk about cutting the deficit, if we go back on a gold standard, we can't finance these deficits because the Fed can't monetize the debt," he says. "The Fed can't just print money and buy bonds, and so we're going to have to actually shrink government, cut government spending." Schiff, who's known as one of very few to call the U.S. housing crisis, blames the Bernanke Fed for creating artificially low interest rates that will eventually lead to a currency crisis that will be even larger than the 2008/09 financial meltdown. [ link to finance.yahoo.com] Texas has yet to learn submission to any oppression, come from what source it may. Sam Houston
"The beauty of the Second Amendment is that it will not be needed until they try to take it." Thomas Jefferson
If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed. -- Mark Twain
Giving money and power to government is like giving whiskey and keys to teenage boys. -- P.J. O'Rourke, Civil Libertarian |