GET THE FULL VIDEO HERE: goldsilver.com Welcome to the 3rd episode in our 10 part series! Have you ever wondered where all that currency came from to bail out the banking sector, the ‘too big to fail’ guys? Answer: Thin air! The currency to pay for all these crazy wars? Thin air! Bailing out Greece and who knows who next? Thin air! The unlimited creation of this worthless unbacked currency has serious effects for you and me. We feel it as price inflation in our day to day lives. Our incomes don’t keep pace with inflation and we struggle. It is slow at first, but picks up speed quickly. The government inevitably tries to spend more to prop up the economy, going deeper and deeper into debt….pouring fuel on the fire. It’s a predictable cycle that has happened many times before throughout history. When a government is given the power to create as much currency as they like…they will. The end result being a rush into precious metals as the government-issued currency loses value faster and faster due to the erosion of faith held in it by the public. Ask the Greeks and the Romans about it. Recent examples include such monetary catastrophes as Weimar Germany, Argentina and Zimbabwe. Hundred trillion dollar note anyone? “When a government abuses its currency system, gold will do this” – Mike Maloney But this time…it’s global. For the first time in human history, all world currencies are backed by nothing of physical value. Think about that for a moment. Fiat currencies are …
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