If the Masses Lose Confidence in the Currency…

Sunday, February 24, 2013
By Paul Martin

Mac Slavo
February 24th, 2013
SHTFplan.com

At a recent meeting of the American Economic Association a vote was held about whether or not the United States should back its currency with gold. Not surprisingly, 100% of mainstream economists educated by our most prestigious universities were against such a measure.

From the top down, there is a cult-like belief that our paper monetary system is absolute and infallible.

Yet, as we have seen throughout history, and especially in the last decade, currencies backed by nothing are always debased, eventually being worth even less than the paper they’re printed on.

If you’re one of those contrarians who happens to believe, like investment guru Jay Taylor, that market manipulation is rampant and the only reason why our ‘best and brightest’ continue to promote the legitimacy of paper currencies is to maintain a perception of stability in a crumbling monetary system, then the following interview from the Sound Money Campaign is a must watch.

Taylor discusses his thoughts on the importance of hard assets, the meaning of real value, investment strategies, and international diversification to avoid a government whose aim is to punish those who will survive and thrive when things turn sour.

Moreover, Taylor delves into the real reason for why the Federal Reserve and leading mainstream economists continue to push policies that led to the financial meltdown of 2008 and why those policies will eventually lead to something much, much worse :

The Rest.;..HERE

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