Ron Paul, Lyn Alden, Keith Weiner, and Dominic Frisby discuss gold and it’s role on inflation and the history of the gold standard. Get your free gold investment guides below:
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Chapters:
0:00 – Inflation economics, and inflation 2023
0:28 – Gold Standard, BRICS, and world reserve currency – Ron Paul
1:04 – Inflation, warfare, taxes, and gold standard – Lyn Alden
1:42 – Inflation, gold standard, deflation, and war– Dominic Frisby
3:02 – Gold price, gold investing, and owning physical gold – Keith Weiner
4:07 – Inflation hedge | Best gold IRA companies
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➜ Precious Metals Company Reviews: https://www.preciousmetalsinvestmentportfolio.com/gold-ira-company-reviews/
➜ Best Gold IRA Companies: https://www.preciousmetalsinvestmentportfolio.com/best-gold-ira-companies/
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➜ Augusta Precious Metals: Best Prices and Customer Service https://bit.ly/AugustaPreciousMetalsFreeIRAGuide
➜ Birch Gold Group: Low Investment Minimums
https://bit.ly/BirchGoldFreeGuide
➜ American Hartford Gold: Best Price Match and Buyback Guarantee
https://bit.ly/AmericanHartfordGoldFreeGuide
➜ Noble Gold Investments: Best company for independent-minded investors
https://noble.lnjmp.com/noblegoldinvestmentguide
👉 FREE Resources:
➜Gold Ira Education
https://www.preciousmetalsinvestmentportfolio.com/
➜ Best Gold IRA Companies: https://www.preciousmetalsinvestmentportfolio.com/best-gold-ira-companies/
Once you strip out all the government data and rhetoric the actual lived experience of everyday Americans dealing with true inflation is troubling currency debasement is an odorless gas it fills the room slowly and by the time you notice the damage is done to help make sense of this present economic
Environment we will hear from Economist and investor Keith weiner macro analyst and investor Lynn Alden political author Dominic Frisbee and former US congressman and author Ron Paul it has been said rightly that he who holds the gold makes the rules that general rule has held fast throughout the ages when
Gold was used and the rules protected honest Commerce productive Nations Thrive today the principles are the same but the process is quite different gold is no longer a currency of the realm paper is the truth now is he who prints the money makes the rules since printing paper money is nothing short of
Counterfeiting the issuer of the international currency must always be the country with the military might to guarantee control over the system whenever a country wanted to debase its current so it wants to go to war taxes are unpopular it’s hard to tell someone we have to raise your taxes to go kill
These people on this other continent if you’re being invaded it’s one thing but if you’re going to go invade others or do things like that it’s hard to sell that and so rulers have historically turned to the basement but the basement is actually a pretty slow process with
Coinage you have to physically pull the money in with taxes or other methods remelt it into these you know debased forms making use of the fact that you can get more coins with that uh and so it takes time to to pull that in remelt
It and then uh try to do it in such a way that it’s not super obvious and it just kind of you just kind of boil the Frog slowly so to speak in the early 1600s after the invention of the printing press we had the first running cash notes printed money representing
Gold held in a in a vault William was at War we had inflation Isaac Newton had the first great recoinage that settled the monetary system for about 70 or 80 years and then William pit took a off the gold standard in to pay to print the money to pay for the Napoleonic Wars
After Napoleonic Wars 1816 we had another great recoinage and The Sovereign became the pound coin in 1816 that was the great recoinage and by 1900 stuff got cheaper all the way through the 19th century because money was sound and that lasted until 1914 then in 1914
To print the money that was needed to pay for World War I the British the French and the German governments all took themselves off the gold standard if they’d stayed on the gold standard World War I would have had to have ended when the money run out when the gold ran out
But it didn’t they were able to print the money and that war was able to go on for way longer with far more terrifying consequences not just to individuals and families but to our whole country than should ever have been possible under the discipline of gold and this is the
Problem when one body in a society has the power to print money at no cost to itself and nobody else has that power Society is inevitably going to be disproportionately weighted in favor of that body that has the power to print money at no cost to itself that’s why
Government’s so big you know 1 o of gold is a pretty big chunk of of money you know you could buy you know maybe not a decent youed car but you could buy a used car with an ounce of gold you could buy I be quite a Year’s worth of
Groceries but um certainly several months worth of groceries and it’s always been like that the key for me is that you have the right to redeem your gold if you want it that was the the probably most significant change 1933 we went from you could hand in your $20
Bill and get 1 o of gold to no longer a possible to redeem that paper now the paper becomes irredeemable meaning it’s a promise to pay that is Dishonored and Promises not to pay so it becomes a contradiction and then a meaningless unit I mean what is the dollar worth you
Know go go to your local McDonald’s today and find out what they think it’s worth and what will they think it’s worth tomorrow might be a different a different worth than it is today so it’s important that people have the right to redeem which is what keeps the banking
System honest most people won’t redeem most of the time until a bank begins to cheat the moment that bank begins to cheat then they’re going to find that redemptions are you know outnumbering deposits and that will force them you know back into line and that’s a good
Thing how do you hedge against an Ever depreciating Fiat dollar own the opposite sound money sound money is built with assets that have scarcity a longt trck record of trust and value and cannot be printed by central banks if you are interested in protecting your retirement savings and preserving your
Purchasing power through a tax deferred gold Ira see the links in the video description to attend a free gold education webinar held by Gusta precious metals see the link in the video description thank you for Watching
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