The Founders Warned Us About Some One Some Time...Could Be Right About Now.

"The disorders and miseries which result gradually incline the minds of men to seek security and repose in the absolute power of an individual; and sooner or later the chief of some prevailing faction, more able or more fortunate than his competitors, turns this disposition to the purposes of his own elevation on the ruins of public liberty.
It serves always to distract the public councils and feeble the public administration. It agitates the community with ill founded jealousies and false alarms, kindles the animosity of one part against another, foments occasionally riot and insurrection. It opens the door to foreign influence and corruption, which find a facilitated access to the government itself through the channels of party passions.
It is important, likewise, that the habits of thinking in a free country should inspire caution in those entrusted with its administration to confine themselves with in their respective constitutional spheres, avoiding in the exercise of the powers of one department to encroach upon another. The spirit of encroachment tends to consolidate the powers of all departments in one and thus to create, whatever the form of government, a real despotism.
If in the opinion of the people the distribution or modification of the constitutional powers be in any particular wrong, let it be corrected by an amendment in the way which the Constitution designates. But let there be no change by usurpation; for though this, in one instance, may be the instrument of good, it is the customary weapon by which free governments are destroyed."

George Washington’s Farewell Address

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FLAHR in, the name of a gold coin first made in Florence in the 1200's. The name comes from the Latin word for flower. The florin bore the imprint of a lily on one side, and the figure of Saint John the Baptist on the other side. The first English florin was issued as a six-shilling gold coin in the reign of Edward III (1327-1377). A Silver English florin worth two shillings was first coined in 1849.
[The World Book Encyclopedia]
A USA Silver ten cent coin, bore the imprint of a lily on one side, and the figure of Franklin D. Roosevelt (USA Pres. 1933-1945) on the other side (Dime).

Sep 28, 2010

Buying Gold As A Hedge Has Been Melted Down Around You. Thanks To The Health Care Bill! We Have To Pass IT To See What's In IT- They Say!

Thomas Sowell, National Review Online.
One of the many slick tricks of the Obama administration was to insert a provision in the massive Obamacare legislation regulating people who sell gold. .This had nothing to do with medical care but everything to do with sneaking in an extension of the government’s power over gold, in a bill too big for most people to read
Gold has long been a source of frustration for politicians who want to extend their power over the economy.
When the amount of money the government can print is limited by how much gold the government has, politicians cannot pay off a massive national debt by just printing more money and repaying the owners of government bonds with dollars that are cheaper than the dollars with which the bonds were bought. In other words, politicians cannot cheat people as easily.
But what is clear is that the Obama administration sees people’s freedom to buy and sell gold as something that can limit what the government can do.
Freedom in general cramps the government’s style.
But, at every turn, they find the freedoms granted by the Constitution of the United States hampering the Left’s agenda of imposing their superior wisdom and virtue on the rest of us.
Sneaking a provision on gold purchases and sales into massive legislation that is supposedly about medical care is just one of the many cynical tricks used to circumvent the public’s right to know how they are being governed.     
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5 comments:

LL said...

I would hope that when they repeal the $600.00 1099 reporting limit that they'll repeal the 1099 dealing with gold sales.

But I'm not holding my breath.

They Say/We Say said...

The 1099 issue will be a nightmare to most every business. The Trucking Companies said that would be a business KILLER.
Like the article says-It Is All About POWER; Demo's and Repubs alike!
They will never give up something as POWERFUL as CONTROLLING US SURFS.

The_Kid said...

Excellent post and article. Yep, stay focused these days.

Trestin said...

Good post! I was not aware of this.

WomanHonorThyself said...

This had nothing to do with medical care but everything to do with sneaking in an extension of the government’s power over gold, in a bill too big for most people to read..says it all!