The journey to monetary gold and silver will traverse through the end of fiat money and financial markets. Alasdair explains why central banks are committed increasingly to debasing their currencies as a means of funding government deficits and in the hope they can prevent a contraction of business activity so that tax income will be maintained. Government bonds are wildly overvalued due to interest rate suppression and consumer price statistics designed to goal-seek 2% when credible independent analysis shows prices to be rising at more like 10%. With the Fed losing control over markets, we can expect US Treasury yields to rise accordingly, and the US Government to be demonstrably insolvent. History and sound economic theory tell us governments and central banks targeting inflation of financial assets eventually lose control over them and end up destroying their currencies. Speaker: Alasdair Macleod, Head of Research, GoldMoney. Alasdair has had a career since 1970 in finance as a stockbroker, investment manager, banker and economist. Read more here: https://fsclub.zyen.com/events/webinars/journey-monetary-gold-and-silver/ |
Tags: