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
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
Climax keyser this is the kaiser report fear money. Try over and over again throughout history going back to john law hundreds of years ago and. As voltaire as the value of money always returns to its Intrinsic Value 0. I think we may be at once again an Inflection Point stacey where the fia let me experiment and in paper tears its paper tears from here on out of course kaiser report has told you this for the past 10 years we have warned you about this you know j. P. Morgan himself one time at one point when he was alive back oh about 100 years ago he said gold is money all else is credit well Deutsche Banks head of credit. So he should know agrees with them Deutsche Bank top credit strategist makes stunning admission i am a gold bug for money is a passing fad in the history of money so he said gold is definitely a fee out money hedge hes buying gold and that money will be a passing fad in the long term history of money well yeah this it always has been a passing fad and theres always
Believe i was. Feeling that way why d did. You see it now. International world news age q here in moscow my name is kevin know it here with this latest round up for you this hour starting with this news then a secret source for the notorious private Intelligence Report that failed end of the day to link donald trump to russian collusion back in 2016 has been revealed and it turns out its a u. S. Resident rather than a supposed russia based source so if he goes down off explains next lot of the dossier is seem to rely on shots between drinking buddies. It was a dossier that some prophesies would spell doom for donald trump as president and as a human being with any shred of decency the document penned by Jonathan Steele spread like wildfire across the media spilling way beyond the u. S. Borders the dossier the dossier that controversial document it alleges overt knowing collusion while unconfirmed accusations was. To cool the foil salacious would be an understatement the claim that trum
This leaves shop i was angry if well one. Way they feel why. Not. Now well. Good afternoon youre watching international our secret sauce for the notorious private Intelligence Report which failed to link donald trump to russian collusion in 2016 has been revealed and it turns out to it is a u. S. Resident rather than the supposed that russia based source say was hugo she dan of now explains a lot of the dossier seem to rely on chats between drinking buddies. It was a dossier that some prophesies would spell doom for donald trump as president and as a human being with any shred of decency the documents penned by still spread like wildfire across the media spilling way beyond the u. S. Borders the dossier the dossier that controversial document it alleges overt knowing collusion while unconfirmed accusations was. To cool the file salacious would be an understatement the claim that trump hired prostitutes to pee all over a bed at a luxury moscow hotel simply because the obamas one slipped