Contributing editor to Money Week, Dominic Frisby, has just released an excellent video – ‘Gold: Independent Money’.
A picture paints a thousand words and a video hundreds of thousands of words and this is a very informative video about our modern monetary system, fiat currencies and gold. It shows how fiat money has led to wars, massive debt, social inequality, economic bubbles, rampant consumerism, and environmental destruction.
‘Gold: Independent Money’ can be seen here:
It shows that a return to a gold standard would help ameliorate today’s monetary, financial and economic ills.
“A gold standard will not cure every social ill in the world, nor will it stop all senseless wars. Nothing will.
However, by now it should be clear to everyone that the current fiat system is good only for bankers, brokers, politicians, war mongers, and the already wealthy. Everyone else loses as inflation eventually eats away at what’s left of the rapidly shrinking ‘middle class’.
All fiat currencies including the US dollar are doomed. The only debate is the path it takes to get there.”