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Sunday, May 15, 2011

Unlike Warren Buffet his fathers gets it

An article on gold money by Howard Buffett, father of Warren Buffet, just get published. Here it is: Human Freedom Rests on Gold Redeemable Money.

Unlike his son he gets it right: gold money are the basis of human freedom but naturally resisting any tyrannies attempt to impoverish and enslave their subjects. 

"...one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty." The article worth every minute you spend reading it.

There's one thing Mr. Buffet Sr. has forgot to mention: late FDR did _exactly_ the same to US citizens back in 1933 by confiscating their gold with infamous order 1602.

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