Declining Value of the Dollar

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden 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.

 Care to make a guess about who said this? 

Comments

[Eddie H. Nessul]

Clues to the answer----

1)He was one of the DESTROYERS of the dollar, perhaps the worse.

2) He had a form of doublespeak that was hard to interpret.

3) He likely acknowledges Rosh Hashanah

4) He was awarded the "Presidential Medal of Freedom" , the French "Legion of Honor", "The Knight Commander of the British Empire" and the "Department of Defense Medal for Distinguished Public Service".

Dont ask me how the heck he got those rewards, for NONE of them are merited, nor make sense!

Eddie H. Nessul
Amboy , CA

(Read Names Backwards!)