America is waking up, and that’s good news for the gold market. “Voters See Free Market, Not Government, As What Made America Great,” says the headline to a new survey by Rasmussen Reports. The survey found that that only one in four voters still believe that our government made us great. A small step, perhaps, but at least it is in the right direction.
There is a lot of misconception these days about what the Framers of the Constitution intended our government to be. Our founders knew that all governments lust for power, and that given the means our government would soon turn America into a country of the government, by the government, and for the government.
The Framers structured the Federal Government so that it would have only those powers specifically enumerated in the Constitution. They understood that if the government were allowed to create fiat money there would be no stopping its quest for power, so they went to great lengths to ensure it would never happen.
In just 100 years, it happened. The rest, as they say, is history. The free market never had a chance.
Still, the government needed indifference from the people, which it procured through a perverse twist on the Robin Hood theme: rob from the people, and give a little back to the people. It went very well for a while because we believed in the prosperity that our government had manufactured out of thin air. But now, it seems, we are beginning to see through the smoke screen.
To be fair, the Rasmussen headline is somewhat misleading. Respondents were not asked about their beliefs in the free market, that was merely assumed to be the only alternative. The average American, however, has no conception of what constitutes a truly free market. Nothing even close to one has existed here in modern times.
I suspect that most people think of the free market as businesses gone wild, just as they see their government going wild. But at least there is a budding awareness of the connection between the government and the economic strife in their lives today.
Having lost faith in the government, more and more Americans will seek financial security through gold investment.