The Sound Money Campaign
website (an excellent initiative by the way) just released an interview
with Jay Taylor. It is a “must listen” interview as several interesting
insights are revealed. Triggered by the seeming propaganda against the
metals in the past two weeks, Jay Taylor shares his take on the metals,
our money and gold miners.
- See more at: http://investmentwatchblog.com/sound-money-campaign-economists-love-to-hate-gold/#sthash.5lw4YKTi.dpufI think there’s no question there is a huge dislike against gold among the establishment because gold competes with paper money. The current fiat currency system is a way of those who control that system to wrestle away from those who create something (miners, manufacturers, inventors, farmers … people who actually do something).Interestingly I had Mark Skousen on my own radio show, and he was talking about a group of economists (The American Economic Association). They were asked whether we should return to a gold standard. There was a 100% against doing so. They were all divided on how much debt matters, whether the minimum wage is a problem, … There is an unanimous opinion against gold on the part of the economic establishment. Of course those people have been trained through our establishment and have their degrees from prestigious institutions.
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