Monday
At first I laughed when I watched this fellow interviewed. David Dodge believes that the international monetary system is sufficiently ‘robust’ that Canada does not need to hold gold.
So Canada’s gold, all of it, was used to invest in paper money!
Then I stopped chuckling.
Obviously, confidence in the international monetary system is not the real reason that Canada no longer owns any gold. Why did Canada really have to forfeit all its gold?
Friday
This is good news for those who are trying to preserve their wealth from the ravages of the Fed’s ever-more degraded paper. At some point, the debt notes – A.K.A. federal reserve notes – will collapse to zero value. Property, as the major asset value, will be punitively taxed in a futile and desperate effort to keep the system limping on for a while longer. Only Gold and/or silver will migrate their real value to the world that will emerge from the nightmare of the collapse of fiat ‘money’.
N.B. Monetary Metals will pay interest on your gold and/or silver holdings - IN GOLD AND/OR SILVER! Why pay to store your money when you can earn interest on it instead?
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(Richmond, Virginia - April 12, 2022) - By signing sound money legislation yesterday, Virginia Governor Glenn Youngkin has ended Virginia’s discriminatory practice of assessing sales taxes on smaller purchases of gold, silver, platinum, and palladium bullion and coins.
Virginia’s House Bill 936, originally introduced by Del. Amanda Batten, was considered by multiple House and Senate committees before passing overwhelmingly out of both chambers and reaching the governor’s desk.
Read it all HERE
Wednesday
Here is an even better interview with Keith Weiner. Many of the points made in the previous interview are iterated and, in my opinion, come across more clearly here. Keith is a master of the analogy and his snowball analogy is brilliant.
Wednesday
“And this leads to a phenomenon that would be curious if it were a simple case of money printing. Prices are, at once, both lower and higher. Growers of chickens are getting less per bird, while consumers are paying more. Canadian timber growers are getting paid less, while American home builders are paying more. Russia is getting paid less for its oil (and selling less volume), while freezing Europeans are paying more.
“This is what economic discoordination looks like. Wider spreads, with both producers and consumers kept apart by a growing gulf.”
Read it all HERE