http://www.coasttocoastam.com/show/2011/11/16 2 hours here
In the first half, author and tangible asset expert Craig R. Smith discussed the economic problems that face the US and the world today, including what he calls the 'Inflation Deception.' We're getting ready to face a 10-30 year period of difficult times in America, as we deal with the last 40 years of "massive increases of personal, government, sovereign debt," he said. "The American people have been deceived to believe we can create money out of thin air, and there'll never be a day of reckoning," but that reckoning began in 2007, and we've only seen the tip of the iceberg, he continued. Further, the government has created what he calls an "inflatocracy," in which people are given money through entitlement programs, but don't produce anything.
The more of anything you create, the less it's worth, and that's what's happening to the US dollar, with the Fed printing more and more currency, he explained. Smith outlined a number of steps people can do to collectively change the situation: Vote inflation out, by electing honest lawmakers; demand our politicians pass balanced budget amendments immediately; allow for alternative currencies and break the dollar's monopoly; create a better and more egalitarian tax system; and consider restoring the gold standard or authorize states to use gold or silver coins.
craigrsmith.com
In the first half, author and tangible asset expert Craig R. Smith discussed the economic problems that face the US and the world today, including what he calls the 'Inflation Deception.' We're getting ready to face a 10-30 year period of difficult times in America, as we deal with the last 40 years of "massive increases of personal, government, sovereign debt," he said. "The American people have been deceived to believe we can create money out of thin air, and there'll never be a day of reckoning," but that reckoning began in 2007, and we've only seen the tip of the iceberg, he continued. Further, the government has created what he calls an "inflatocracy," in which people are given money through entitlement programs, but don't produce anything.
The more of anything you create, the less it's worth, and that's what's happening to the US dollar, with the Fed printing more and more currency, he explained. Smith outlined a number of steps people can do to collectively change the situation: Vote inflation out, by electing honest lawmakers; demand our politicians pass balanced budget amendments immediately; allow for alternative currencies and break the dollar's monopoly; create a better and more egalitarian tax system; and consider restoring the gold standard or authorize states to use gold or silver coins.
craigrsmith.com
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