In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

Than Shwe ordered the confiscation of all cell phones and laptops and computers so no reportage could come out of Burma. It seemed clear that a demon, something diabolical, rather than something compassionate and human was in charge of Burma.

The positive testimony of history is that the State invariably had its origin in conquest and confiscation. No primitive State known to history originated in any other manner.

In the absence of the gold standard there is no way to protect savings from confiscation through inflation. There is no safe store of value.