NOT A PRETTY PICTURE IS IT?
Tick, tick, tick, tick, BOOM!!!
U.S. National Debt Clock : Real Time
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"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." - Alan Greenspan (pre-Fed Chairman days)
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"I am myself persuaded, on the basis of extensive study of the historical evidence, that... the severity of each of the contractions - 1920-21, 1929-33, and 1937-38 - is directly attributable to acts of commission and omission by the Reserve authorities and would not have occurred under earlier monetary and banking arrangements." - Milton Friedman
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JUST A BAD SITUATION GETTING WORSE
END THE FED - RETURN TO THE GOLD STANDARD
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