| What are the Signs of Fiat Currency Destruction? |
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Alasdair Macleod and Roger Moss return as guest on this week’s program.
Central banks now face a dilemma. Either they allow interest rates to rise to sufficient levels to tackle price inflation and lend support to their currencies, or they take one last gamble on yet more stimulus in the hope that recessions can be avoided. Politics and neo-Keynesian economics strongly favor monetary inflation and continued interest rate suppression. But following that course leads to the destruction of currencies. Alasdair helps us to identify the milestones as we pass them toward the ultimate destruction of fiat money and massive price inflation. He also explains why, in the end, cryptocurrencies will not replace state-issued currencies, but rather are likely to become just another imploding fiat-denominated bubble. Alasdair explains why the only form of protection against the increasingly likely collapse of fiat money will be real money—physical gold and silver—not currency or derivatives thereof. Roger updates us on exploration progress on the Kingsway gold project in Newfoundland where Labrador is beginning to intersect the same kind of rocks and high-grade gold intercepts as those discovered by New Found Gold. |
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