Hi this is max kaiser this is kaiser report summer solution home i guess me just sort of all out there in this series now today recovering the deed dollars agent big global ization what comes next with investment manager Lawrence Parr lawrence welcome welcome thanks so much of stacy for having me appreciate it so lawrence i guess you know obviously we ended july hitting new all time highs in gold silver is also on a tear its quite a ways from its all time high however and what i want to ask is really how much this economist cover free money when Government Spending knows no limits is is the free money it was never free and we can see that in gold prices free money is so good to keep the system rolling obviously thats why they put it in place. Of course is whats the underlying value of the money. You know that money is in the process of dying and i think thats what were all observing very notably its reflected in gold and silver prices right you know you say they can print all the money
True to the extent that people need dollars but it eventually what happens when theres an alternative to the dollar and it becomes clear that the issuing authority is not trustworthy and has as really been running a large ponzi scheme which is whats been happening and the models are here to call call the law i own the fundamental value of the dollar and its you know its tragic and its its potentially rather scary and has some bad implications im quite an optimist so i actually think that the system is broken needs to be fixed and that theres a good other side to it once we get through once we get through it will no doubt be a difficult period you know you mention 1971 when we went off the Gold Standard Richard Nixon closed the gold window after france asked for 300000000. 00 worth of their gold back in the the trade deficit going on and then soon after that the United Kingdom asked for their gold which has also happened to be about 300000000 dollars worth and Richard Nixon and said clo
Hi there youre watching R T International thanks for joining us. Another day of street protests and nationwide strikes people are showing both support for rejection of president lukashenko and on wednesday even bad weather didnt hold them back. We have stability theres no war thank god we live peacefully and calmly in our beautiful county were not like that for ines interfere in the affairs of our republic i i. I i i i. Im in solidarity with those who think there is no place for this kind of lawlessness we saw in august the 9th 10th and 11th. That. Were here because we want to stop the process is that have been taking place in this country for a long time. Our minsk based correspondent went to approach a rally and filed this report i did but just some people are protesting while others are protesting against the protests i happened to meet my University Friends here i asked him did anyone make you come out here he said no we are at the organizers and i asked the same question to other
Parr lawrence welcome welcome thanks so much of stacy for having me appreciate it so lawrence i guess you know obviously we ended july hitting new all time highs in gold silver is also on a tear its quite a ways from its all time high however and what i want to ask is really how much this economist cover free money when Government Spending knows no limits is is the free money it was never free and we can see that in gold prices free money is good to keep the system rolling obviously thats why they put it in place. Of course is whats the underlying value of the money. You know that money is in the process of dying and i think thats what were all observing very notably its reflected in gold and silver prices right you know you say they can print all the money they want but it doesnt mean that it has value and we havent lived in war all the fia money since 1971 where the value is always based on a relative valuation to other fee out money right this spend this crazy kind of strapped bar s
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