MCViewPoint

Opinion from a Libertarian ViewPoint

Turkey to Confiscate Gold in New Clever Way – To Help Citizens Earn Money | Armstrong Economics

Posted by Martin C. Fox on April 13, 2017

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/turkey-to-confiscate-gold-in-new-clever-way-to-help-citizens-earn-money/

This clever scheme means that the government cannot borrow internationally, so it now wants to confiscate people’s gold using a bond scheme that in the end they will be forced to default. This will be a major test of the saying: You can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time*.
It happened here under FDR. At the rate government is taking away rights it won’t be long before it tries again to take your gold again.

Be seeing you

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