Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Edge Lower Again
By: Chris Mullen, Gold Seeker Report

GoldSeek Radio Nugget: President Niko Cacos, CEO, and Director of Blue Sky Uranium Corp. and Chris Waltzek
By: radio.GoldSeek.com

Ira Epstein's Metals Video 10 17 2018
By: Ira Epstein

Gold price steadies and rises as BIS intervention diminishes
By: Robert Lambourne

Take a Peek at What the Top 1 Percent Have in Savings
By: Frank Holmes

Why Conflicted Copper Shows Little Consensus
By: Mickey Fulp

Investor Alert: Is the Trump Agenda in Peril?
By: Stefan Gleason

One More Thing To Worry About, Saudi Edition
By: John Rubino

The Golden Implications of Total U.S. Deficits, Debt and Debt Service
By: Craig Hemke

Determining the Outlook for Mining Stocks? Look Deeper Than Others.
By: Przemyslaw Radomski, CFA

 
Search

GoldSeek Web

 
The Dollar Cancer and the Gold Cure


 -- Published: Thursday, 5 April 2018 | Print  | Disqus 

By Keith Weiner

The dollar is failing. Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already-unpayable levels at an accelerating rate.

I am going to share a little bit about myself and my personal motivation. I want to help fix this problem. The alternative, if it’s not fixed, will be a repeat not of 2008 or the inflation of the 1970’s or 1929. It will be a repeat of 476AD, the collapse of Rome and the known world.

If it weren’t for this, I would have started another software company. I had a successful exit, a world class team that was ready to jump into the next gig with me, great advisors, and access to capital. And this was the career for which I had trained, and which I was pretty good at.

Instead, I studied monetary economics and started Monetary Metals.

We are on a mission. It is not simply to sell people on gold. When Rome collapsed, I suppose people who had gold may have had a better chance to escape, than those who didn’t. But where would they go, and how would they survive in a world gone mad? Some problems, gold does not solve.

It is not simply to preach that we need the gold standard. If Mises did not persuade people, then I don’t expect to be successful at the same task.

I think often about that (in)famous quote from archenemy John Maynard Keynes about debauching the currency to overthrow the capitalist order. And the key sentence is:

“The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

He was right. He understood the system and how to destroy it better than everyone else. He was a genius—evil, but a genius. Except he overestimated the number of people who could diagnose the monetary disease.

So the key is to engage the hidden forces of economics, though not for destruction but salvation. The key is to make it profitable to invest in the gold standard.

In this talk at the Harvard Club in New York, I discuss more openly than I ever have before what is Monetary Metals doing, and why are we doing it? What is our vision, and how does it work?

We are in Keynes’ “long run”. We have achieved his goal of euthanizing the rentier (killing the saver) with near-zero interest rates. If his evil plan is not reversed, we are dead.

Monetary Metals is trying to reverse it.

 


| Digg This Article
 -- Published: Thursday, 5 April 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.