James Turk of Gold Money joined us today to discuss the ever deteriorating European/Euro debacle. Greece is having its Grapes of Wrath-Steinbeck moment and as you would expect, their government is absolutely clueless about what can be done about it. But in emergencies, one thing we can all count on is that government will fail, and they will attempt to convince the populace they're in control and solving the problem. Which is why James has started the GoldMoney Foundation: he wants to educate people about sound money and limited government. Right now, the audience for such ideas is narrow. However, with each progression on the road to economic collapse, the number of awakened individuals increases and the demand for gold and silver goes up as well. The problem is that most people will not get it until paper money has ceased to function. Hopefully, through all of our efforts, many people will be able to avoid this fate.
Jeff interviews James Turk, topics include: Bitgold acquires GoldMoney.com, creates Gold Money Group, international precious metal vaults, digital gold for payments, cryptocurrencies, bypassing capital control, getting assets out before financial collapse, the situation in Greece, gold as sound money, the demise of fiat currency, gold and silver price, huge demand for silver bullion, gold and silver in backwardation, Citigroup derivatives exposure, Bitcoin and the Greek situation, un-safe deposit boxes, GoldMoney.com, Chinese stock market crash presaged the crash of 2008, Government intervention in markets, financial moves made for political reasons often unsound, Greece vs the Eurozone, financial contagion, staggering un-payable debt globally, the collapse of socialism, the trouble with socialism is you eventually run out of other people's money, the issue of debt is not solved by issuing more debt, total government debt has more than doubled worldwide since 2008, hang on to your gold and silver!