October 19, 2011 – Appreciating the wisdom of gold bullion investment requires clear and dispassionate understanding of the true state of our union. Sometimes that can be found where you least expect it.
A very dear friend of mine is a social worker, by nature extremely altruistic and hardly of a libertarian bent. Yet when the financial crisis first broke she didn’t hesitate to say, “Just let the banks fail so we can move on.”
Perhaps her keen mind, unfettered by lofty economic theory, is better equipped to perceive the obvious. She believes the government has a duty to the welfare of its citizens, but it has stepped so far beyond its bounds that is incapable of ensuring even our most basic needs.
My friend also believes that the government’s relentless coercion to forgo savings in favor of easy credit and risky investments is nothing short of criminal. She accepts that the dollar’s days are numbered and realizes the need for a currency backed by gold bullion.
Because she understands that hard choices and personal sacrifice are necessary to bring this crisis to an end, I wasn’t surprised when this died-in-the-wool liberal came to me with Ron Paul’s “Plan to Restore America.”
“You know,” she said, “this actually makes a lot of sense.”
Indeed it does. Dr. Paul’s plan eschews all favoritism and doesn’t pussyfoot around trying to soften the blow of necessary change.
The Plan to Restore America eliminates the Departments of Energy, HUD, Commerce, Interior, and Education along with the Transportation Security Administration. It abolishes corporate subsidies, withdraws foreign aid, and cuts all funding for foreign wars. It repeals ObamaCare, Dodd-Frank, and Sarbanes-Oxley and cancels “all onerous regulations previously issued by Executive Order.”
In addition, the plan reduces the federal workforce by 10 % and “slashes Congressional pay and perks, and curbs excessive federal travel.” Dr. Paul will put his money where his mouth is, taking “a salary of $39,336, approximately equal to the median personal income of the American worker.”
Perhaps the most important element of the plan is a call for a full audit of the Fed and implementation of “competing currency legislation to strengthen the dollar and stabilize inflation.”
Dr. Paul presents no new philosophy here. For more than half a century he has consistently advocated the same no-nonsense approach to government and the economy. May his campaign for lean government and a sound economy backed by gold bullion come to fruition at last.
Jonathan Monroe
Senior Staff Writer - Gold-Bullion.org
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