"The Secret of Oz" Review and Critique of the DVD
Channel: thenewsurvivalist
Date: 2010-09-28

Alan Greenspan, former Chairman (before Bernanke) of the Federal Reserve,  wrote "Gold and Economic Freedom" (1966) in which he said:

"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. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the 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."

Mr. Greenspan abandoned this idea while serving the Central Bank puppet masters during his term as Fed Chairman, but has since returned to it since leaving his position and seeing the results (the current depression and impending hyperinflation which we will see over the next few years.)

In this video: The scarecrow's video review and critique of the documentary propaganda film "The Secret of Oz" available on DVD and YouTube.