Why Statists Hate Gold

[Cold Highway]

For all practical purposes, such beloved welfare-state programs as Social Security, Medicare, Medicaid, and other welfare entitlement programs are busted, bankrupt. That is, there is no reserve fund to make the payments that need to be made to dole recipients. Instead, the federal government collects part of the money to make these payments in the form of taxes. But the problem is that the tax revenues are still insufficient to pay all the dole recipients, and the shortfall is enormous.

Aggravating the matter is the warfare state, which entails the massive and ever-growing expenditures for the military and the military-industrial complex. We're not only talking about the ongoing occupations of Iraq and Afghanistan, we're also talking about the sprawling network of U.S. bases in more than 100 countries, U.S. troops in such places as Europe, Asia, Africa, and South America, and the hundreds of military bases here in the United States. As the Romans, British, and Soviets discovered, running an empire is expensive.

The better the yellow metal does, the worse it will get for us.

Campaign For Liberty — Why Statists Hate Gold   | by Jacob Hornberger