Legalized Theft – Is Your Money Safe? | The Gold Standard 2328

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Welcome to another thought-provoking episode of The Gold Standard with Jennifer Horn and Ken Russo, Senior Vice President of the Midas Gold Group. Jennifer and Ken talk about the US dollar’s vulnerability to collapse, stemming from the reckless printing of money and our nation’s addiction to debt, resulting in the debasement of our currency, which is, at its core, built solely on the faith in the government.

Discover the truth about the Federal Reserve—the seemingly “federal” entity that isn’t federal. Owned by banks and shareholders, it wields immense power over interest rates and fiscal policy. The Fed gladly prints money, lends it to the government, and profits from interest charges. Sadly, this relentless money creation erodes our purchasing power, causing an ominous future for monetary policy.

The Federal Reserve remains an enigmatic force within American society. Operating as a complex, multitiered system, it draws most attention to the Board of Governors in Washington. Surprisingly, the regional reserve banks in New York, Boston, Philadelphia, San Francisco, and Dallas are privately owned by banks in each region. Although the Board of Governors has government oversight, it operates as an unusual hybrid, combining private bank ownership with government control.

Ken Russo enlightens us on the intricacies of the Federal Reserve System, shedding light on how it functions and the tools it employs to execute monetary policy—beginning with the pivotal moment in 1971 when President Nixon removed the US from the gold standard, ushering in a new era of potential consequences. Unveiling the implications of this decision, Ken discusses how the Federal Reserve Banks now hold the power to print money and lend it to the government while charging interest. As responsible citizens, we bear the brunt of these actions through taxes.

The value of the US dollar is perpetually at risk with relentless money printing and mounting debt. Similar patterns have occurred throughout history, and they always, without fail, hurl nations toward economic turmoil and uncertainty.

Understanding the past gives us foresight, which is particularly significant when studying the rise and fall of markets. Monetary history unfolds cyclically, a perpetual process wherein currencies rise to prominence and inevitably collapse as the pendulum swings between quality money and quantity currency. The cycle commences with a monetary system and economy grounded in a commodity like gold, with its supply increasing slowly alongside economic growth. However, as time progresses, the system shifts away from the underlying value of gold, eventually replacing it with fiat money – mere paper money backed by nothing of intrinsic worth – which can be printed without restraint. Consequently, the value of each unit of currency is debased over time, inevitably leading to a market crash. This debasement can occur by replacing the currency’s foundation with an unlimited supply or by adulterating coinage with base metals. Awareness of this cycle is paramount as we navigate the present and seek to safeguard our economic future.

As the US dollar’s foundation falters, Jennifer and Ken explore the time-tested role of precious metals as a safeguard against economic volatility. Ken elaborates on the historical significance of gold and silver as hedges against currency debasement and inflation. They discuss the virtues of diversifying one’s investment portfolio with physical assets, ensuring protection and preservation of wealth during financial uncertainty.

First minted by the prestigious Perth Mint in 1987, the Australian Gold Kangaroo remains one of the most popular gold bullion coins from the Perth Mint. Renowned for its exceptional quality and artistic design, the Gold Kangaroo captures the essence of Australia’s unique wildlife and cultural heritage. Struck from .9999 fine gold, the coin’s purity and craftsmanship appeal to collectors and investors worldwide. The coin’s iconic depiction of a kangaroo in motion on the reverse side and Queen Elizabeth II on the obverse symbolizes the nation’s natural beauty and historical ties. As a trusted investment option and a treasured collectible, the Australian Gold Kangaroo stands as a symbol of Australia’s rich gold mining heritage and continues to captivate enthusiasts and bullion buyers alike.
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