You all probably know by now that the despotic Obama regime sneaked regulations regarding buying gold into the health-care “reform” scam. Thomas Sowell explains why:
Inflation is a quiet but effective way for the government to transfer resources from the people to itself, without raising taxes. A hundred dollar bill would buy less in 1998 than a $20 bill would buy in the 1960s. This means that anyone who kept his money in a safe over those years would have lost 80 percent of its value, because no safe can keep your money safe from politicians who control the printing presses.
That is why some people buy gold when they lose confidence in the government’s managing of its money. Usually that is when inflation is either under way or looming on the horizon. When many people start transferring their wealth from dollars into gold, that restricts the ability of politicians to steal from them through inflation.
Even though there is currently very little inflation, purchases of gold have nevertheless skyrocketed. Ordinarily, most gold is bought for producing jewelry or for various industrial purposes, more so than as an investment. But, at times within the past two years, most gold has been bought by investors.
What that suggests is that increasing numbers of people don’t trust this administration’s economic policies, especially their huge and growing deficits, which add up to a record-breaking national debt.
When a national debt reaches an unsustainable amount, there is always a temptation to pay it off with inflated dollars. There is the same temptation when the Social Security system starts paying out more money to baby boom retirees than it is taking in from current workers.
Whether gold is a good investment for individuals, and whether the gold standard is the right system for a country, are much more complicated questions than can be answered here. 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.
Indeed, freedom in general cramps the government’s style. Those on the left may not be against freedom in general. 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.
The desire to restrain or control the buying and selling of gold is just one of the many signs of the inherent conflict between the freedom of the individual and the left’s attempts to control our lives.
Exactly. I’ll say it again: if you always assume the worst about Obama’s intentions and never give the shady twerp the benefit of the doubt, everything he does makes perfect sense. If you try to cling to the risible notion that he’s some sort of pragmatic moderate — if you buy the snake oil he was peddling before he was coronated, in other words — he will remain a baffling enigma…and you will stand revealed as one of Glenn’s “rubes.” For Obama, for the Democrat Socialists, for all of the Left, it’s all about control — always and forever.