As the lights continue to go out for the world’s reserve currency, the US Dollar; trade wars escalate and threats of nationalization and the monetization of the precious metals become increasing probabilities. All these are critical factors that will impact silver in a negative and positive way – negative for those who hold a sweaty palm of Federal Reserve Notes and positive for those who have decided to own the precious metals.
Max Keiser
Financial War Reports
If one had a choice between holding a bar of silver or gold, a wad of federal reserve notes, or the scruff of a bankers neck … which one would you choose? Another tough choice. I think a lot of bankers have inside information on what most people would choose.
Feel better now after the charts;)
http://sprott.com/markets-at-a-glance/when-fundamentals-no-longer-apply,-review-the-fundamentals/
If you missed it read Magpie’s copied post at the end of page 1.
And then there’s the people who actually understand money, who can’t get a word in edgeways…
This is a false debate. You can use gold as hard money, but reverting to a gold standard won’t stop the fraud and it won’t limit the amount of money in circulation.
Reverting to a gold standard would be a propaganda win because it would allow the elites to say the system was fixed.
But in fact it would do nothing to redistribute wealth or economic power, or facilitate a green transition, so for me it’s pointless demanding it. We have to be more radical, I’m afraid, and start issuing our own currencies and trusting each other instead of trusting banks and governments.
@Mat Slater – real pleased to see you speak the truth.
As some of us know, the opposition of the two truths (worldly and universal) mark a point in time where humanity is still dualistic in nature.
Hardly anyone has studied theosophy. When looking at the work of Sankara, Gautama et al I start to think the premise of the movie ‘Idiocracy’ is actually true!
While hoarding precious metals does not approach the problem with any of the direct truth that is required, people like Max can (and do) mobilise the public to act on their basest instincts to achieve a revolutionary means, at a point where they are literally being forced into a lifetime of debt-servitude. We will look on knowingly, with the ideal and hopefully approach this in our own work.
I’m of the mind that the seeds of this planet – the life-giving and impermanent gifts of the world – are those items which have the most value. These should be the currency – along with water, livestock and natural resources and land. Any attempt to symbolise value with any external object will create the same illusion in a different form.
Real nice to read about your work and thoughts. Peace.