Dan Oliver is President, Committee for Monetary Research and Education, one of the oldest and most respected organizations focused on our monetary system. Some of the issues discussed were:
- Why has gold, when it was available, been the free-market preference for money worldwide for thousands of years?
- If gold is the preferred money, how come no country in the world uses it as money?
- Why does gold always move from spenders to savers, e.g., from the US to China?
- Goldsmiths/(banks) always issue more receipts for gold for which they do not have gold, sending all prices but gold higher. Reverse happens when the system collapses.
- Why, during a credit bubble, is gold always undervalued as compared to industrial commodities? What is the effect on gold producers?
- Why do politicians get corrupted by the bankers?
- Talk to how this plays out, especially the forcing abrogation of liberty
- What are the prospects for the relative valuation for gold and gold producers? What has to happen for these prospects to be realized?
- Where we are now: the money printed since 2008 is still mostly fallow, sitting in cash accounts.
- Can inflation occur in a stagnant economy or only when the economy “heats up”?
For more information, see:
More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11
To get a copy of What Does Mr. Greenspan Really Think? from Amazon, click HERE
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