Seems we have a friend in WB... not that he'd admit it of course... Is this Buffett speaking? Er, and didn't BH just buy a gold recycling company? YES to both... http://www.thestreet.com/story/11526015/1/ron-paul-has-a-gold-ally-in-the-buffett-family.html "The late-Congressman Howard Buffett is a posthumous pillar of the Libertarian party, the anti-war movement and asset-backed currency -- the "Ron Paul of his day," according to Philip Klein. And on the subject of gold, Buffett Sr. may have penned the best-ever essay in support of a gold standard: "Human Freedom Rests on Gold-Redeemable Money." Is there a connection between human freedom and gold as redeemable money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere. But when you recall that 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. Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom. ... The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers. That actually happened in Russia a few months ago, when the Russian people, holding cash, had to turn it in -- 10 old rubles and receive back one new ruble. ... Under such conditions the individual citizen is deprived of freedom of movement. He is prevented from laying away purchasing power for the future. He becomes dependent upon the goodwill of the politicians for his daily bread. Unless he lives on land that will sustain him, freedom for him does not exist." x
