Silence of the Lambs

So hold on here we go
Hold on to nothin' we know
I feel so lonely way up here
--Motels

Toddo was speaking to Cody Willard on FBN's Happy Hour tonite, and Cody proposed that although the various government sponsored bailouts currently in motion may be 'legal,' they are unconstitutional since they essentially appropriate citizen property for the benefit of a special interest group.

What's that? You don't think you're getting poorer as a result of these bailouts? Consider the 3 ways that governments procure resources at citizenry's expense. They can walk into your house and say, 'we own it.' They can appropriate your property in a slightly less direct manner through coercive taxation.

Finally, they can print money by fiat. Government spends the new currency for whatever purpose, and bids up prices in the process. Plus the money supply has increased. Your wealth, defined in terms of what your money buys, goes down.

What evidence of wealth appropriation can we observe? Well, today crude closed above $100/barrel for the first time ever, gold is near all time highs at $948/oz, and silver closed at a multidecade high of $18.72/oz. Simply said, our dollars buy less today.

Make no mistake. You're being robbed.

The question is whether we have the wherewithal to put a stop to this. Do you know the measures necessary to prohibit government sponsored theft? (hint: we used to do all of these things)

position in gold, silver