Saturday, August 23, 2014

Can the US grow its way out of a currency collapse?


Lawrence Parks, of FAME, and James Turk, Director of the GoldMoney Foundation, talk about the possible political consequences of the coming monetary crisis and the abuse of emergency powers by politicians in the US in history, as well as the disturbing recent trends. They comment on Roosevelt's gold confiscation, Nixon's wage and price controls and GW Bush's Homeland Security orders, including emergency powers in the case of economic crises. They also discuss the euro and its chances of survival and how the Chinese government is promoting gold ownership.