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Jennifer is Co-host of The Story of Liberty Radio Broadcast, video editor and creator, blogger & Web designer for the Story of Liberty. TheStoryofLiberty.net

The Drastic Results of Leaving the Gold standard.


Note what happens when we leave the gold standard. Inflation is the Fed’s 100 year legacy. Consumer prices are now 30 times higher than when the Fed was created in 1913.

“Take away the dross from the silver, and there shall come forth a vessel for the finer.”  Proverbs 25:4 

“Thy silver is become dross, thy wine mixed with water…”  Isaiah 1:22 

“Dishonest scales are an abomination to the Lord,
But a just weight is His delight.”  Proverbs 11:1

Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. James 5:3

So he made a whip out of cords, and drove all from the temple area, both sheep and cattle; he scattered the coins of the money changers and overturned their tables. John 2:15

The American economy has strayed from the Constitution and its medium of exchange, the money supply. We can have a honest money system like we use to, with a precious metal standard. We could avoid inflation by eliminating the printing of money, that the Federal Reserve does all the time.


Bloomberg: Is Inflation the Legacy of the Federal Reserve?

It is important as Americans that we relearn Economic Liberty and apply these principles to our small business, jobs and in who we elect to represent us. Learn the basics of Economic Liberty in our series.
After ranking 2nd in 2000, the U.S. falls to 18th in this year’s report. As the authors explain:
“[T]he United States has fallen precipitously from second in 2000 to eighth in 2005 and 19th in 2010 (unadjusted ranking of 18th). By 2009, the United States had fallen behind Switzerland, Canada, Australia, Chile, and Mauritius, countries that chose not to follow the path of massive growth in government financed by borrowing that is now the most prominent characteristic of US fiscal policy. By 2010, the United States had also fallen behind Finland and Denmark, two European welfare states. Moreover, it now trails Bahrain, the United Arab Emirates, Estonia, Taiwan, and Qatar, countries that are not usually perceived of as bastions of economic freedom.” See Report here.

America’s Money Supply- Federal Reserve Notes



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