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I think i understand the constitution a little bit because in 1971 we went off the gold standard under president nixon into the federal reserve notes because we were a worldwide currency.
-Bill O'Reilly
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I Think I Understand The Constitution A

Bill O'Reilly
I think i understand the constitution a little bit because in 1971 we went off the gold standard under president nixon into the federal reserve notes because we were a worldwide currency.
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Thinking President Gold

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The proposed constitution, therefore, even when tested by the rules laid down by its antagonists, is, in strictness, neither a national nor a federal constitution; but a composition of both. in its foundation it is federal, not national; in the sources from which the ordinary powers of the government are drawn, it is partly federal, and partly national; in the operation of these powers, it is national, not federal; in the extent of them again, it is federal, not national; and finally, in the authoritative mode of introducing amendments, it is neither wholly federal, nor wholly national.
Government Foundation Ordinary
The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the people, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.
Mean Issues People
The federal reserve act as it stands seems to me to open the way to a vast inflation of the currency. i do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.
Thinking Law Gold
We own the federal reserve. there is this misconception that the federal reserve is some private entity. but if i might give an analogy here, we - u.s. taxpayers - own all the stock in the federal reserve.
Giving Analogies Might
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.
Mean Rights Understanding
I couldn't help but be struck that this guy i had thought was the embodiment of everything wrong with american politics, a lot of his domestic policy was mind-numbingly, head-spinningly to the left of obama's. it was under nixon that the epa was created. it was under nixon that osha was created. under nixon that the clean air and clean water acts were passed.
Air Water Guy
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