Midas Gold Group

https://www.midasgoldgroup.com/ Welcome to the latest episode of The Gold Standard, where we take a current look at the world of precious metals and economic insights. In this episode, join our esteemed hostess Jennifer Horn and Ken Russo, SVP of Midas Gold Group, as they unravel the mysteries behind our current economic landscape in the captivating discussion, “Our Dollar is Worth Whaaaat?” Together, Jennifer and Ken delve into the pivotal events that have shaped our economy, shedding light on the intricate details that often go unnoticed. They bring to the forefront the Nixon Shock of 1971, a momentous turning point in economic history that continues reverberating through our financial systems today. Discover why understanding this historical event is crucial for anyone navigating the complexities of modern finance. Join us for an enlightening and thought-provoking conversation that promises to expand your understanding of our monetary world and its impact on your finances. Tune in to The Gold Standard and stay ahead of the curve with valuable analysis and actionable insights. In 1971, President Nixon’s decision to disconnect the dollar from gold marked a pivotal moment in economic history, shifting our currency to a fiat system backed by trust in the government. This move triggered a significant devaluation of the dollar, leading to widespread inflation and higher costs across the economy, impacting individuals and businesses alike. The aftermath of the Nixon Shock reshaped investment patterns, with a focus on protecting wealth through hard assets like commodities rather than fostering innovation and productivity growth. Understanding the implications of this event is crucial for comprehending modern economic dynamics, including the relationship between currency policies, inflation, investment choices, and long-term economic resilience. The decision to abandon the Bretton Woods Agreement in 1971 stemmed from a culmination of economic factors and geopolitical shifts. The fixed exchange rate system established under Bretton Woods, where currencies were pegged to the US dollar, became increasingly untenable as economic realities diverged from the pegged values. The massive costs of the Vietnam War and domestic spending led to an unsustainable imbalance in the US balance of payments, putting pressure on the dollar’s convertibility to gold at the agreed-upon rate. This, coupled with growing international demand for gold and concerns about the US’s ability to maintain the gold standard, prompted the Nixon administration to reevaluate the country’s monetary policy. The decision to renege on Bretton Woods was a pragmatic response to economic challenges, signaling a shift towards a more flexible, albeit riskier, floating exchange rate system that allowed currencies to fluctuate based on market forces rather than fixed pegs. The formation of the Federal Reserve in 1913 was not solely President Woodrow Wilson’s idea but rather a response to longstanding concerns about banking instability and the need for a central banking system. Wilson supported the creation of the Federal Reserve to address issues such as financial panics, currency shortages, and lack of a cohesive monetary policy. The Federal Reserve Act of 1913 aimed to provide a more stable and flexible monetary framework, with a central bank empowered to regulate the money supply, set interest rates, and oversee the banking system. In 1933, President Franklin D. Roosevelt took drastic measures to address the economic crisis by issuing Executive Order 6102, which made it illegal for US citizens to own gold coins, gold bullion, or gold certificates. This move was part of broader efforts to stabilize the economy during the Great Depression, as Roosevelt sought to control the flow of gold and bolster confidence in the US dollar. The confiscation of gold, coupled with subsequent devaluations and policy shifts, marked significant milestones in US monetary history and shaped the trajectory of economic policies for decades to come. “Gold is not a way to get rich; it is a way not to be poor.” —Bill Bonner, author, & Founder of Agora Financial As inflation persists without signs of abating, concerns about the accuracy of government-reported inflation figures have intensified. The reluctance of other countries to invest in US debt, opting instead to accumulate gold reserves, underscores a global shift in economic strategies amid uncertainty. In such times, prioritizing wealth preservation becomes paramount, emphasizing the importance of diversified investment portfolios and hedging strategies to navigate volatile financial landscapes and safeguard long-term financial security. ______________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ In this episode of The Gold Standard, hostess Jennifer Horn and Ken Russo explore the reasons behind “Gold & Silver Going Up.” This engaging discussion explores the current state of the economy and the factors influencing the rising value of precious metals like gold and silver. Against the backdrop of ongoing economic shifts and threats to savings and investments, Jennifer and Ken provide valuable insights into how individuals can protect their buying power. They also reflect on the pivotal moment when President Nixon took the United States off the gold standard in 1971, a decision that continues to ripple and shape the nation’s economy and the global financial landscape. Be prepared to understand these economic dynamics more deeply and discover strategies for navigating today’s economic challenges. The 1971 Dollar is Today worth 15 cents When people say that today’s dollar, compared to the 1971 dollar, is worth about fifteen cents in buying power, they’re referring to the concept of purchasing power erosion. This monetary erosion means that over time, due to factors like inflation, the value of money decreases. You can buy less with the same amount of currency. In this episode, Ken mentions, that a dollar from 1971 is now worth about 15 cents. It’s a bold and accurate statement. Here’s what it means. It’s worth contemplating. Imagine you had $100 in 1971. Back then, you could buy a certain amount of goods and services with that $100. However, due to inflation and the decrease in the dollar’s value over the years, that same $100 today would only have the purchasing power equivalent to about $15 in 1971. Prices for goods and services have generally risen over time. What you could buy with $100 in 1971 may cost significantly more today. Another way to say it is that the US dollar slowly, inexorably, lost its value over time due to inflation, our addiction to debt, and continual money printing. If you do that long enough, even currency from the world’s leading superpower becomes more like Monopoly money. Spot Prices and the Upward Trend The recent surge in gold’s spot price to a new all-time high of $2,347.58 an ounce has ignited debates among market observers regarding the subsequent trajectory. Optimists are eyeing a target of $3,000/oz, buoyed by bullish forecasts from Citi, Rosenberg Research, and Yardeni Research, all predicting a continual rise. Driving Forces Several compelling factors have propelled gold and silver prices upward. Private investors seeking safe havens amidst market volatility contribute significantly to the surge, which is evident even in mainstream outlets like Costco, which offer one-ounce gold bars alongside everyday items. Central banks also play a pivotal role, with sustained buying momentum marking a record level of interest in gold as a reserve asset, notably seen in China’s consistent additions to its gold reserves. Central Bank Dynamics Central banks have been buying gold. China’s central bank added 160,000 ounces to its reserves in March, extending a streak of 17 consecutive months of buying. This trend, coupled with collective central bank acquisitions surpassing 1000 tons in recent years, underscores the enduring appeal of gold as a strategic asset diversifier. Future Outlook Despite concerns about potential corrections, bullish sentiments persist, as seen in Citi’s revised price targets for gold and silver, anticipating further upward momentum. Banks attribute this not to a weakening US dollar alone but also prospects of lower interest rates, geopolitical uncertainties, robust physical demand, and strategies aligning with continued price rallies. How Silver Differs from Gold Silver and gold, both precious metals, exhibit distinct characteristics that set them apart. Gold is a symbol of wealth and stability. Silver is a strategic metal. As a strategic metal, silver has many industrial usages. Uses like electronics, batteries, and medical applications contribute to the demand for silver beyond its role as a store of value. Don’t Focus Too Much on the Spot Prices of Gold & Silver While the spot prices of gold and silver are often a topic of intense discussion and speculation, focusing on these numbers with a grain of salt is crucial. Ken Russo emphasizes that the primary reason for owning precious metals like gold and silver is to safeguard your wealth and diversify your assets away from the paper-based financial system. These metals offer unique advantages such as privacy, a reliable store of value, and the assurance of physical ownership. Demand and supply dynamics rather than central bank policies drive the value of these precious metals. Ken’s point that “you can’t print unlimited supplies of gold and silver” underscores their inherent value stability. Therefore, investors should view gold and silver as a means to preserve purchasing power and hedge against economic uncertainties rather than expecting them to behave like traditional investments with predictable returns. Understanding the broader financial landscape and the role of gold and silver as stores of value is critical to making informed investment decisions. ______________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Jennifer Horn and Ken Russo discuss the intricacies of dialing in artificial intelligence (AI). Discover what Claude AI, an AI chatbot, has to say about gold when prompted by Ken. But before diving into what, Jennifer and Ken recap that pivotal moment in 1971 when everything began to take a dramatic change for the worse when it comes to sound fiscal policy and monetary discipline. The event has become known as the Nixon Shock. This historical event not only reshaped the financial landscape for the US and the entire planet, but it set the stage for fiscal irresponsibility and greed. Ken talks about the need for more monetary policy discipline. The lack of discipline and sound stewardship has led to the casino-like atmosphere we have today, especially on Wall Street. The lack of monetary discipline has contributed to the instability of our banking system, riskier markets, and the ongoing loss of our paper currency’s purchasing power. Many countries don’t want to take on US debt because they see it as toxic. The current mindset emphasizes profits, short-term gains, and a lack of moral principles. In the world of Wall Street and finance, moral hazard happens when one party takes excessive risks because they do not bear the full consequences of those risks due to government bailouts, insurance coverage, and other forms of protection. The global monetary system established after World War II, known as the Bretton Woods Agreement, pegged the dollar to gold at $35 an ounce. This arrangement provided stability and predictability for global commerce, leading to economic prosperity in the post-war era. However, by the late 1960s, the system faced strain as the US printed more dollars than it had in gold reserves, resulting in an overvalued dollar and economic imbalances. In August 1971, President Nixon and his top economic advisors convened at Camp David for three days of intense deliberations. They made the radical decision to delink the dollar from gold. This move unilaterally changed the entire global monetary system and sent shockwaves through financial markets. A pivotal moment, it was a shift in our county’s role on the global stage and demonstrated a willingness to take drastic measures to address economic challenges, leading to immediate chaos and eventual international cooperation in navigating the new financial landscape, namely, fiat currency. Paper money is a medium of exchange rather than a store of value. While we commonly refer to it as “money,” it’s not a long-term store of purchasing power. Instead, the dollar functions as a currency, facilitating transactions in daily life. It’s a crucial distinction, especially when considering financial planning and preserving purchasing power over time. Relying solely on paper currency for long-term savings is risky due to inflation, economic fluctuations, and abrupt changes in monetary policy. Ken Russo asked Claude.ai about gold. Here is what Claude.ai spit out in about ten seconds: • Hedge against Inflation: Gold serves as a reliable hedge against inflation, preserving purchasing power during times of economic uncertainty. • Portfolio Diversification: Investing in gold offers portfolio diversification, reducing overall risk by spreading investments across different asset classes. • Tangible Asset: Gold is a tangible asset with intrinsic value, making it a tangible and stable investment option. • Liquidity: Gold provides liquidity, allowing investors to easily buy, sell, or trade it in the market. • Safe Haven: It is considered a safe haven asset, often sought after by investors during market downturns or geopolitical uncertainties. • No Counter-party Risk: Physical gold has no counter-party risk, meaning its value is not dependent on the performance or stability of any other entity. • Long-term Store of Value: Gold has historically been used as a long-term store of value, preserving wealth over generations. Claude.ai covered most of the essential aspects of gold; however, it left one out. Listen to this podcast and you’ll find out what it was. Gold is the best form of money. For nearly 182 years, from 1789 to 1971, the United States embraced a currency linked to gold, a practice also followed by leading countries for centuries. This adherence to the gold standard contributed significantly to the US becoming the world’s wealthiest nation, with the US dollar emerging as the global reserve currency and New York becoming the financial center. The gold standard ensured stability and prevented inflationary pressures. The gold standard provides a reliable benchmark of monetary value, removing currency manipulation risks by central bankers and politicians. __________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Hostess Jennifer Horn and guest Ken Russo dive headfirst into the powerful rallying cry of “Don’t Comply.” Ken Russo, a realist and patriot, passionately advocates for preserving hard-earned wealth and resisting the erosion caused by banks, a weakening dollar, governmental influence, and economic bubbles. This episode delves into the roots of their conviction, beginning with a pivotal moment in history: Nixon’s decision to remove the United States from the gold standard in 1971, ushering in the fiat currency era that has since shaped global financial systems. Join Jennifer and Ken as they explore the profound impact of this decision and why owning gold symbolizes a stance against compliance with unstable monetary policies. Built to Fail: The Central Banking System The central banking system is a fundamental pillar of modern economies, yet it is inherently flawed, designed in a way that virtually guarantees eventual failure. The crux of this issue lies in the government’s default solution to economic challenges: printing more money. This practice, while seemingly providing a short-term boost, ultimately leads to dire consequences. As the printing machines churn out currency, money is created out of thin air, contributing to inflation and economic instability. With the nation accumulating staggering amounts of debt, nearing an alarming $89 trillion by 2029, the repercussions loom ominously. The Dire Outcomes: Hyperinflation or Market Collapse The trajectory of this unchecked debt paints a grim picture with two potential outcomes looming significant: hyperinflation reminiscent of the Weimar Republic’s pre-Nazi Germany or a catastrophic stock market meltdown. The ballooning debt-to-GDP ratio, expected to reach 277% by 2029, surpassing Japan’s current ratio, signals a profound economic imbalance. Despite short-term economic growth spurts, fueled by massive spending bills like the proposed $2 trillion infrastructure package, the long-term ramifications are grave. This reckless spending spree, divorced from economic necessity and driven by political expediency, sets a dangerous precedent, jeopardizing the nation’s financial stability and future prosperity. As the battle between ideologies intensifies, the urgent need for accountability and fiscal prudence becomes increasingly apparent in the turbulent landscape of economic policymaking. Preserving Wealth Amid Fiat Money’s Erosion Ken Russo explores history further by taking us back to 1934 when President Franklin Roosevelt enacted Executive Order 6102, confiscating all privately held gold in the United States. This drastic measure aimed to stabilize the economy during the Great Depression but had lasting repercussions on the value of paper currency. Today, a dollar from 1934 is worth a mere fraction of its original value, highlighting the relentless erosion of purchasing power over time. Fast-forwarding to 1971 marks a pivotal moment as the world transitioned to fiat money, unbacked by any physical commodity like gold or silver. Incessant money printing has become a global trend that continues today. Ken Russo’s reminder is stark: holding onto paper assets means a steady loss of buying power, especially evident in recent years as inflation ravages the value of fiat currencies. The Impact of CBDC on Financial Privacy The rise of Central Bank Digital Currency (CBDC) signifies a monumental shift in financial transactions, promising enhanced efficiency and access while raising significant privacy concerns. With 130 countries exploring CBDCs, representing 98% of global GDP, and 19 G20 countries in advanced stages of development, the landscape of digital currencies is rapidly evolving. CBDCs offer improved transactional efficiency and financial inclusion but introduce risks related to the continuous monitoring of financial activities by governments. This erosion of traditional financial privacy sparks concerns about individual freedoms, data security, and the likelihood of increased government surveillance. Claim Your Financial Independence from the Powers That Be “Don’t Comply” encapsulates a powerful message that challenges the status quo of financial systems and urges individuals to reclaim control over their economic destinies. With the rise of CBDCs and the ongoing debate about monetary policies, this podcast sparks essential conversations about privacy, financial autonomy, and the potential impact of digital currencies on our lives. By staying informed, questioning conventional norms, and advocating for transparency and accountability, we can navigate these changes with resilience and empower ourselves to make informed decisions in an evolving financial landscape. Join us on The Gold Standard as we dive into these critical topics and inspire a mindset of economic empowerment and independence. _______________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Welcome to another insightful episode of the Gold Standard! Jennifer Horn, joined by Ken Russo, SVP of the Midas Gold Group, delivers a candid and informed weekly analysis of the economic landscape. In these turbulent times, where the dollar’s value is diminishing, trust in government wavers, and personal privacy is increasingly compromised, discussing utilizing physical precious metals like gold, silver, platinum, and palladium is paramount. Join us as we navigate the complexities of wealth preservation and delve into the strategies to safeguard your purchasing power and provide financial stability in an uncertain world. TikTok Ban Debate The dangers of increased US Government intervention in the TikTok ban debate extend far beyond the surface arguments. The revelations about TikTok’s ties to China-based teams and the potential for surveillance on American citizens have sparked legitimate national security and privacy concerns. The recent House bill, aimed at requiring ByteDance to divest from TikTok or face a ban in the US, highlights the growing tension between tech companies and government oversight. While TikTok has characterized the bill as a ban, the underlying issues of data privacy, surveillance, and foreign influence are at the heart of the debate. The Chinese government’s objection to the bill further complicates matters, raising questions about competition, sovereignty, and the role of multinational corporations in global politics. With bipartisan concerns and ongoing investigations into TikTok’s practices, the debate underscores the complexities of balancing national security interests with the challenges of regulating the digital age. The Impact of Nixon’s Gold Standard Decision Since President Nixon took the United States off the gold standard in 1971, the trajectory of the US dollar’s value has been on a continuous decline. This pivotal decision severed the direct link between the dollar and physical gold, allowing for more flexibility in monetary policy but also paving the way for significant economic challenges. Factors contributing to the erosion of the US dollar’s spending power include relentless deficit spending by the government, expansionary monetary policies leading to inflationary pressures, mounting national debt levels, and global economic shifts affecting currency dynamics. Combined, these elements have contributed to a situation where the purchasing power of the US dollar has steadily diminished over time, impacting consumers, investors, and the overall economy. Distrust in the Government & Global Financial Shifts The erosion of trust in the government among its citizens has reached unprecedented levels, marking a significant departure from the past. As Ken highlights in this episode, the sentiment of “This is not the country that we’ve known. We’ve lost our way” encapsulates the growing disillusionment with government actions and policies. The continuous depreciation of the US dollar, coupled with unsustainable deficit spending and economic uncertainty, has fueled this distrust. Moreover, the trend of other countries dumping dollars and central banks globally turning to gold as a more reliable store of value reflects a broader shift away from traditional financial systems. This loss of confidence in the government’s ability to manage economic stability has profound implications for all of us. Inflation’s Corrosive Grip on Cash Savings Inflation, a silent force steadily eroding the value of our cash savings, has been a persistent concern since the early 20th century. As Ken Russo points out, the staggering 3,000 percent inflation since 1913 has devalued the purchasing power of a dollar to a mere 3 cents today. This relentless erosion hits home for all of us, reflected in rising insurance premiums, utility bills, and grocery expenses that weigh heavily on household budgets. The recent statistics from the Office for National Statistics (ONS) revealing a CPI inflation rate of 3.4% in February, albeit a drop from previous months, remains above the government’s target of 2%. Factors contributing to this sustained inflation include elevated energy and food prices stemming from global conditions, a tight labor market driving wage increases, and ongoing supply chain disruptions. The Ultimate Gaslighting Jennifer comments that all the rhetoric we hear on the news and in the media is the ultimate gaslighting. Gaslighting involves an imbalance of power between the abuser and the person they’re gaslighting. As we navigate the complex landscape of economic news and media narratives, it’s crucial to approach information critically and not accept everything at face value. While there may be positive changes in certain aspects of our financial lives, such as lower credit card balances and delinquencies, overarching trends like inflation and interest rates are critical factors that can significantly impact our financial well-being. Stay informed. Exercise financial caution and plan for challenges in an uncertain economic environment. ____________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ This episode dives into the world of economics with Jennifer Horn and Ken Russo. In this riveting discussion, Jennifer and Ken dissect the implications of rampant deficit spending, tracing its roots back to President Nixon’s pivotal decision in 1971 to abandon the gold standard. Join us as we unravel the consequences of a debt-fueled monetary system, where paper currency holds sway and deficit spending knows no bounds. From the erosion of purchasing power to the specter of inflation, we uncover the stark realities of a financial landscape teetering on the edge. Tune in for insights, analysis, and actionable strategies to safeguard your wealth in an era of deficit spending and monetary uncertainty. Don’t miss out on this enlightening conversation—your financial future depends on it! Remembering the Nixon Shock: A Critical Turning Point in Our Monetary History Fifty years ago, in the spring of 1971, President Richard Nixon made a fateful decision that forever changed the course of monetary policy: he severed the ties between the US dollar and gold, effectively dismantling the gold standard. This unprecedented move, known as the Nixon Shock, unleashed a wave of consequences that continue to reverberate through our financial system today. With the backing of gold removed, the US dollar became a fiat currency, its value determined solely by government decree rather than tangible assets. This shift paved the way for unprecedented deficit spending, soaring national debt, and a perpetual cycle of currency devaluation. As we grapple with the enduring legacy of the Nixon Shock, it’s crucial to understand its far-reaching implications and the ongoing challenges it presents to our economic stability. Unlocking Truth About Your Money: Midas Gold Group’s Insider Insights In a world where mainstream media often skims the surface, leaving vital financial truths buried, the Midas Gold Group stands as a beacon of clarity. Ken Russo brings forth invaluable insights that the media won’t touch, laying bare the realities obscured by sensationalism and agendas. On our podcast, Ken sheds light on the seismic event of the Nixon Shock, which, half a century later, continues to reverberate through our economy. As we delve into the depths of deficit spending, Ken reminds us of the Nixon administration’s fateful decision to sever ties with the gold standard, ushering in an era of unchecked deficit spending backed by nothing but debt. This pivotal moment, largely overlooked by mainstream narratives, underscores the fragility of our financial system and the urgent need for informed action. Amidst the cacophony of media noise, Midas Gold Group’s platform emerges as a sanctuary of truth, offering well-researched articles, multimedia resources, and a plethora of information on precious metal products. Join us as we navigate the labyrinth of financial disinformation, armored with knowledge, and empowered to protect our wealth in these uncertain times. Economic Realities: A Tale of Inflation’s Grip A stark, side-by-side comparison reveals the staggering impact of inflation on everyday essentials and significant investments over the past few decades. Consider a simple bag of groceries that would have set you back around $19.62 in 1990. Fast forward to today, and that same bag demands a hefty $72, marking a staggering factor of increase. This exponential rise mirrors the broader trend of inflation that erodes purchasing power over time. Similarly, the dream of home-ownership has become increasingly elusive, with a house priced at $250,000 in 1999 now commanding a jaw-dropping $1.8 million in today’s frenzied real estate market. Amidst this financial tumult, one asset has stood the test of time: gold. While the value of fiat currency wanes under the weight of inflation, gold remains a steadfast guardian of wealth, preserving its purchasing power. Navigating the Turbulent Waters Ahead As the nation grapples with ever-increasing deficit spending and mounting national debt, the imperative for fiscal prudence has never been more pressing. The stark realities outlined in our discussion shed light on the precarious path ahead, where unchecked government expenditure threatens to undermine economic stability and erode the fabric of society. With each passing year, the burden of debt grows heavier, casting a long shadow over future generations and imperiling the very foundations of our financial system. Against this backdrop of uncertainty, the allure of the gold standard emerges as a beacon of hope—a time-tested safeguard against the ravages of inflation and fiscal mismanagement. As we confront today’s challenges and brace for tomorrow’s uncertainties, the wisdom of sound monetary policy and responsible governance becomes ever more apparent. Join us as we delve deeper into the implications of more deficit spending and explore the timeless principles that underpin the gold standard. In a world fraught with uncertainty, the steadfastness of gold offers a glimmer of certainty amidst the storm. ______________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ In the latest episode, Jennifer Horn is joined by Ken Russo to delve into the pressing question: “Why is gold going up?” Fresh from participating at AM870 The Answer’s Wealth Summit 2024, where he shared invaluable insights, Ken Russo offers a compelling analysis of the current economic landscape. As America continues to print money at an unprecedented rate and inflation remains stubbornly high, investors wonder how to safeguard their savings and investments. Against this backdrop of financial uncertainty, the price of gold has been on the rise, prompting many to seek refuge in this timeless asset. Join Jennifer and Ken as they explore the factors driving gold’s ascent and discuss strategies for protecting wealth in these tumultuous times. Understanding the Surge: Factors Driving the Rise in Gold Prices The current surge in the spot price of gold, which now stands at $2,159.81 per troy ounce, reflects a combination of economic uncertainties and global tensions. Amidst ongoing inflationary pressures and concerns over the stability of traditional currencies, investors are increasingly turning to gold as a haven asset. Geopolitical tensions, including conflicts in the Middle East and geopolitical uncertainties, fuel a growing demand for gold. Gold is a hedge against geopolitical risk. Additionally, the persistently low interest rate environment, coupled with expansive monetary policies adopted by central banks worldwide, diminishes the opportunity cost of holding non-yielding assets like gold, thus boosting its appeal. With the price of gold up 4.52% since the beginning of the year and showing resilience amidst market volatility, it remains a crucial asset for investors seeking to preserve wealth in uncertain times. Don’t Forget Silver: A Versatile Asset with Dual Value Often overshadowed by its illustrious counterpart gold, silver commands its significance in the investment landscape. Beyond its role as a monetary metal, silver boasts extensive industrial applications, rendering it indispensable in various sectors such as electronics, automotive, and healthcare. This dual-use nature underscores silver’s unique market dynamics, which are distinct from gold’s. While investors often turn to silver as a hedge against economic volatility, its industrial demand remains a driving force behind its price fluctuations. As economies worldwide strive for technological advancement and sustainable solutions, silver’s utility across diverse industries underscores its enduring value and potential for growth in the global marketplace. Struggling to Survive: New York Community Bank’s Desperate Bid Amid Funding Woes As the clock ticks down to the end of the Bank Term Funding Program on March 11, New York Community Bank (NYCB) grapples with financial turmoil. The New York-based commercial real estate lender, parent company of Flagstaff Bank, and a key player in the regional banking sector has endured a tumultuous week marked by a sharp decline in its stock price—the lowest since 1996. This downward spiral follows the revelation of a significant quarterly loss in January, attributed to “material weaknesses” in its loan review process. Despite assurances that the loss won’t impact regulatory or credit agreements, NYCB’s shares plummeted by 23% in after-hours trading Thursday. The bank’s woes intensified in February with a staggering $252 million loss for the fourth quarter, sparking concerns about the health of regional lenders at large. Amidst this crisis, NYCB announced a change in leadership, with Thomas R. Cangemi stepping down as CEO after 27 years to be succeeded by Alessandro (Sandro) DiNello. As DiNello takes the helm, NYCB faces a pivotal moment in its quest for stability and transformation while regulators closely monitor the situation, wary of a repeat of past banking debacles. At the Crossroads of Wealth Preservation vs. Wealth Creation Jennifer and Ken present a compelling case for protecting your buying power. The fundamental difference between wealth preservation and wealth creation emphasizes the importance of focusing on the former in today’s uncertain economic climate. While wealth creation involves strategies to generate new income and assets, wealth preservation prioritizes safeguarding existing wealth from erosion caused by various financial risks. Ken highlights the alarming red flags that underscore the urgency of wealth preservation, including persistent inflation, a monetary policy reliant on unsustainable debt levels, geopolitical tensions, and the growing influence of emerging economies like the BRIC nations. With every fiat currency system in history ultimately collapsing and the dollar, as the world’s reserve currency, gradually losing its strength, the imperative to protect one’s wealth becomes increasingly evident. Individuals can adopt proactive measures to shield their financial assets and secure long-term prosperity by understanding and addressing these warning signs. ______________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

Jennifer Horn and Ken Russo discuss the timeless allure of gold – the “ultimate crisis asset.” In another thought-provoking episode of The Gold Standard, they explore the enduring role of gold throughout history and its significance as a hedge against economic uncertainty. From ancient civilizations to modern financial systems, gold remains a store of enduring value and a symbol of wealth. With growing geopolitical uncertainty, incredible debt burden, and persistent inflation, you might be wondering how we arrived at today’s current state of affairs. Ken helps us rewind the hands of time to that pivotal moment in history known as the Nixon Shock. Fiat Revolution: Nixon’s Legacy Nixon’s decision to abandon the gold standard in 1971 marked a seismic shift in the country’s monetary policy, unleashing a new era of fiat currency and fundamentally altering the global financial landscape. This historic move severed the ties between the US dollar and physical gold, granting policymakers unprecedented control over currency issuance and paving the way for a system built on debt and inflation. The repercussions of this decision continue to shape economic policies and investment strategies to this day. The Domino Effect of a Government Shutdown Even if partial, a government shutdown casts a long shadow of uncertainty over the nation’s economy and citizens alike. Federal agencies disrupt essential services when it grinds to a halt. The effects ripple across various sectors, from delayed paychecks for government workers to stalled contracts for businesses reliant on government funding, to say nothing about the pain and worry it causes all military personnel. The economic toll is significant, with lost productivity, investor jitters, and consumer confidence taking a hit. The longer the shutdown persists, the more profound its impact, underscoring the critical role of government stability in maintaining economic stability. A Steady Diet of Deficit Spending Deficit spending, the habit of government expenditure exceeding revenue intake, has evolved into a chronic issue in our nation’s fiscal landscape. Despite its appearance as a short-term remedy for funding essential programs and stimulating economic growth, its long-term repercussions are dire. This perpetual cycle results in an ever-mounting national debt, burdening future generations with the obligation of repayment and eroding confidence in the economy. As interest payments on the debt increasingly consume budgetary resources, vital sectors such as education, infrastructure, and healthcare face neglect. The Continual Erosion of Our Money The recent revelation sparked by a video shared on social media that compares grocery prices from the iconic film “Home Alone” to today’s reality highlights a startling truth: the dollar’s purchasing power has significantly diminished over the years. In the 1990 movie, young Kevin McCallister could fill his shopping cart with essentials for just $20. Fast forward to 2022, and that same haul would set him back close to $70, marking a staggering 250% increase. Even more concerning is the long-term trend revealed by the US Bureau of Labor Statistics, showing that food prices were 86.78% higher in 2015 compared to 1990, with an average inflation rate of 2.53% per year. These figures further underscore the erosion of our dollars’ value over time, highlighting the importance of prudent financial planning and wealth preservation strategies in today’s economy. The Illusion of Safety: Why Bank Deposits Aren’t Foolproof While depositing money in a bank may seem like a safe bet, Ken Russo sheds light on a crucial misconception. Once our funds are in the bank, they become its assets, not ours. What you have is merely a claim to your deposited funds. In a bank failure or financial crisis, our hard-earned savings could be at risk. This sobering reality underscores the importance of diversifying assets and considering alternative methods for safeguarding wealth beyond traditional banking channels. Navigating Economic Uncertainty: Gold in Wealth Preservation In times of economic turbulence, investors often find themselves torn between the pursuit of wealth creation and the imperative of safeguarding their existing assets. It’s a delicate balance that requires a nuanced approach that acknowledges the value of growth and preservation. Amidst market volatility, geopolitical tensions, and the looming specter of inflation, the need for a reliable hedge against uncertainty becomes paramount. Gold is the store of value that has weathered centuries of financial upheaval and emerged unscathed. As traditional assets falter and fiat currencies fluctuate, gold and silver remain steadfast in stability, offering investors a safe harbor in stormy seas. ___________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Jennifer Horn and Ken Russo explore the alarming trends plaguing the banking sector, from unrealized losses to bonds losing significant value and commercial real estate facing occupancy challenges. If many customers start withdrawing their funds, banks are at the risk of insolvency. With six banks collapsing last year and many more on the watch list, including major players like JPMorgan Chase, City Bank, Goldman Sachs, Bank of America, and Morgan Stanley, who collectively control 83% of all US banks’ financial derivatives, this episode explores the vulnerabilities within the banking system. The episode begins with Ken Russo’s historical overview, tracing the trajectory from Nixon’s pivotal decision to abandon the gold standard in 1971. This move unfettered the Federal Reserve, enabling unchecked money printing and rampant government spending, setting the stage for today’s economic uncertainties. Shockwaves still ripple through the financial industry since last year’s losses at JPMorgan Chase. It raises concerns about the stability of one of the largest and riskiest banks in the United States. In May, the Federal Deposit Insurance Corporation announced the failure of First Republic Bank, later sold to JPMorgan Chase. The deal between JPMorgan Chase and the FDIC included significant concessions, such as the FDIC shouldering 80 percent of losses on single-family residential mortgages for seven years and commercial loans for five years. This arrangement not only underscored the precarious position of JPMorgan Chase but also highlighted the bank’s desperate need for deposits. Despite the influx of deposits from First Republic Bank, JPMorgan Chase continued to experience significant outflows, losing a staggering $248.38 billion in deposits over the last seven quarters. With billions of dollars in uninsured deposits and mounting pressure from regulators, JPMorgan Chase and other banks face a challenging road ahead as it grapples with its deposit instability. In modern banking, the fractional reserve system stands as a cornerstone, facilitating lending and economic growth by efficiently allocating deposited funds. Yet, as the system relies on banks only holding a fraction of customer deposits in reserve, questions arise about its stability and the security of deposited funds. While this system has historically been pivotal in spurring economic growth, it also poses inherent risks, particularly in financial instability or widespread loss of confidence in the banking sector. With such considerations in mind, it’s prudent for individuals to explore avenues to safeguard their savings against potential risks within the banking system. One such route is diversifying a portion of cash savings into tangible assets like precious metals, such as gold and silver. Unlike fiat currency, subject to the fluctuations of monetary policy and the banking system, precious metals have intrinsic value and serve as a hedge against economic uncertainty and inflation. By holding physical gold or silver, individuals can protect their wealth from erosion caused by inflation or a depreciating currency. The prospect of separating the creation of money from financial intermediation underscores the need for alternative stores of value outside the traditional banking system. Inflation poses a significant threat to the purchasing power of savings deposits as the dollar’s value steadily erodes over time. While savings accounts offer a secure option for storing cash, the interest rates typically fail to keep pace with inflation. As a result, the real value of savings diminishes, effectively making individuals poorer in terms of their ability to purchase goods and services. While federally insured accounts protect deposits up to $250,000 per depositor, per ownership category, it’s important to recognize that simply stashing cash in a savings account may not be enough to safeguard against inflationary pressures. As the debate surrounding the future of banking continues, diversifying into precious metals offers a tangible solution for individuals seeking to fortify their financial resilience in an evolving economic landscape. As custodians of their financial well-being, individuals must assess the risks inherent in the banking system and consider prudent strategies to preserve and grow their wealth over the long term. In this context, allocating a portion of savings into precious metals emerges as a viable strategy to mitigate risks associated with fractional reserve banking and safeguard against potential economic downturns. ___________________________________________________________________________________________________ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Join hostess Jennifer Horn and special guest Ken Russo, SVP of the Midas Gold Group, as they delve into the intriguing question: “Why is our dollar losing value year after year?” In this thought-provoking episode, Jennifer and Ken navigate the intricate landscape of America’s financial history since April 1971. President Nixon’s decision to remove the United States from the gold standard sent shockwaves through the global economy. Drawing on recent insights from an interview with Russian leader Vladimir Putin, who warned of the dollar’s vulnerability as a political pawn, our experts unravel the multifaceted reasons behind the dollar’s diminishing stature as the world’s reserve currency. Unleashing the Power of Printing: The Nixon Schock and the Dollar Weaponization In 1971, President Nixon’s pivotal decision to sever the ties between the US dollar and gold marked a seismic shift in global finance. The move, known as the “Nixon Shock,” was prompted by mounting economic pressures, including inflation and a growing trade deficit. By abandoning the gold standard, Nixon aimed to gain greater flexibility in monetary policy, enabling the government to address economic challenges more directly. However, this decision also unleashed a wave of consequences, fundamentally altering the dynamics of international trade and finance. As the US dollar lost its anchor in precious metals, it became susceptible to manipulation and exploitation by policymakers. This tendency for manipulation and exploitation set the stage for a new era where the dollar, once a symbol of stability, would be wielded as a tool of geopolitical influence, ushering in an age of financial warfare where nations vie for dominance through currency manipulation and economic coercion. Putin’s Warning: The Weaponization of the Dollar In a recent interview with Tucker Carlson, Russian President Vladimir Putin warned the “United States of making one of the biggest strategic mistakes” by misusing the US dollar as a foreign policy tool. Putin argues that such actions not only damage the American economy but also undermine its global influence. He criticized the imposition of restrictive measures on certain countries through transaction limitations and asset freezes, highlighting it as the primary weapon used by the United States to preserve its power worldwide. This insight sheds light on the geopolitical tensions surrounding the dollar’s dominance and the urgent need for countries to diversify away from it to protect their interests. The Dollar’s Downfall: A Global Perspective Putin’s remarks echo broader concerns about the dollar’s declining stature globally. As the US intensifies its use of economic sanctions and financial restrictions, countries are increasingly wary of relying solely on the dollar for international trade and reserves. This shift is evident in the growing adoption of alternative currencies and mechanisms to bypass the dollar-dominated financial system. For instance, bilateral swap agreements and the rise of Central Bank Digital Currencies (CBDCs) are emerging as viable alternatives to traditional dollar transactions. Moreover, regional trade blocs like the BRICS (Brazil, Russia, India, China, South Africa) are exploring the possibility of creating a new multinational currency to reduce dependence on the dollar. “Holding cash and debt assets is a bad thing.” —Ray Dalio Get Out of Paper Assets Investors increasingly seek reliable assets to safeguard their wealth in a world characterized by economic uncertainty and geopolitical tensions. That is why it is essential to diversify and protect your assets. As the fragility of our banking system and the volatility of global markets become more apparent, the need for a solid hedge against inflation and market turmoil is paramount. Precious metals, such as gold and silver, have long served as a store of value, preserving wealth through times of crisis and uncertainty. Recent events in the financial sector underscore the importance of diversification and asset protection. By incorporating gold and silver into your investment portfolio, you can mitigate risk, counter the effects of inflation, and position yourself for financial resilience in an ever-changing world. Join us as we explore the timeless appeal of precious metals and their role in building a secure financial future amidst today’s challenges. Exploring the Craftsmanship of Gold Bars During the podcast, Ken Russo shared fascinating insights into producing gold bars, highlighting the distinction between cast gold bars and minted ingots. Crafting cast gold bars involves melting and pouring into prefabricated molds to achieve the desired weight and purity. With their simplicity and essential markings, cast gold bars offer a more affordable option for investors. Ken showcases examples such as the 100 gram Valcambi Gold Bar, known for its impeccable purity. Ken’s demonstration underscored the varying premiums associated with gold products, providing valuable insights for investors seeking to diversify their portfolios with precious metals. ____________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Jennifer and Ken delve into the pivotal events that have unfolded since 1971, leading us to the precarious debt bubble looming over today’s economy. With expert insights and astute analysis, they navigate the historical milestones and economic shifts shaping our financial landscape. Join us as we uncover the factors driving the mounting debt crisis and explore the role of precious metals in safeguarding wealth amidst these turbulent times. August 15, 1971, is a date that will live in infamy. That was the day the US would no longer officially trade dollars for gold. The so-called Nixon Shock would usher in stagflation, a stock market performance worse than that of the 1930s, and a crisis of confidence, which has only grown. Since President Nixon took the United States off the gold standard in 1971, the nation’s monetary system has undergone significant transformation, leading to the accumulation of unprecedented levels of debt. With fiat currency untethered from physical assets like gold, governments have been able to print money at will, fueling a debt-fueled economic expansion. This departure from the gold standard enabled excessive spending, as governments relied on borrowing rather than sound fiscal policies. Consequently, the national debt has skyrocketed, with each subsequent administration adding to the burden. The unchecked expansion of credit and the proliferation of financial derivatives have created a debt bubble, with the consequences of this unsustainable growth becoming increasingly evident. As the debt burden continues to mount, it poses significant risks to economic stability and financial security. The staggering amount of debt accumulated by the United States due to runaway spending has reached unprecedented levels, posing a dire threat to the nation’s financial stability. With interest payments on the national debt surpassing expenditures on national defense, according to the Congressional Budget Office’s latest projections, the gravity of the situation becomes alarmingly clear. What is particularly alarming is the acceleration of this trend, as interest payments were initially projected to exceed defense spending in late 2028 but have overtaken it as early as 2024. The belated acknowledgment by the CBO that interest rates will remain higher for longer than previously anticipated significantly increases the cost of servicing the federal debt. While bipartisan efforts to cap discretionary spending offer a glimmer of hope for deficit reduction, the trajectory remains grim, with the federal debt projected to skyrocket to $54 trillion by 2034. Without substantial measures to address this crisis, the nation faces the prospect of an unprecedented economic catastrophe characterized by rising interest rates, higher inflation, and social turmoil. As the holiday from fiscal history ends, the imperative for fiscal discipline and responsible governance becomes more urgent than ever. The recent financial crises, exemplified by events like the bankruptcy of Evergrande in China and the struggles of New York Community Bank in the United States, underscore the interconnected nature of global finance and the inherent vulnerabilities within our fractional reserve banking system. These crises have prompted concerns about mounting losses on loans tied to the commercial property sector, highlighting the risks associated with excessive lending practices and speculative investments. In the face of such uncertainty, diversifying cash savings into more reliable assets like gold and silver can safeguard against the volatility of traditional financial markets. As the value of paper assets remains subject to fluctuations influenced by geopolitical tensions and economic instabilities, precious metals’ enduring value and stability offer a prudent strategy for protecting one’s wealth and financial security in an unpredictable world. As the US continues to weaponize the dollar to exert control and surveillance, it’s becoming evident that relying solely on a system built on debt and manipulation poses significant risks. Diversifying into assets like gold and silver protects against geopolitical uncertainty and the ongoing devaluation of fiat currencies. Throughout history, the value of gold and silver has consistently outpaced that of paper assets, making them reliable stores of wealth. By embracing precious metals, individuals can safeguard their financial futures against the erosion of purchasing power and the whims of centralized authority, ensuring stability and security in an uncertain world. ______________________________________________________________________________________________ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Welcome to another enlightening episode of The Gold Standard. In this riveting installment, hostess Jennifer Horn and our special guest, Ken Russo, SVP of the Midas Gold Group, take you on an illuminating journey through the fascinating timeline of how our nation’s real money, once firmly rooted in precious metals, gradually transformed into today’s fiat currency—backed by nothing but trust. Join us as we unravel the historical intricacies behind this monetary evolution and uncover the crucial lessons it holds for safeguarding your financial future. The gold standard, originating in the early 19th century in the United Kingdom, took a while to find its way to the United States. It wasn’t until the passage of the Coinage Act of 1792 that the US established a bimetallic standard, recognizing both gold and silver as monetary metals. This system remained in place until the early 20th century when the US formally embraced the gold standard in 1900. By 1871, several other countries, including Germany, Great Britain, Portugal, Canada, and Australia, had already adopted their gold standards, contributing to the internationalization of this monetary system during that period. The Creature of Jekyll Island In 1913, a clandestine meeting of influential bankers on Jekyll Island marked a pivotal moment in American financial history. These financiers, representing the likes of J. P. Morgan, Rothschild, and Rockefeller interests, conceived a grand plan—the creation of a central bank, known as the Federal Reserve. Their motives were twofold: first, to exert greater control over the nation’s monetary policy and, second, to protect their interests from the boom-and-bust cycles that had plagued the financial system. The Federal Reserve Act, signed into law later that year by President Woodrow Wilson, bestowed immense power upon the newly formed Federal Reserve, enabling it to control the money supply and interest rates and influence the broader economy. This secretive gathering laid the groundwork for a financial institution that would wield significant influence over the nation’s monetary policy for years to come, fundamentally altering the economic landscape of the United States and paving the way for where we are today. The Roaring 20s and the Bubble Burst The Roaring 20s were a period of unprecedented economic growth and exuberance in the United States. However, beneath the facade of prosperity, a dangerous bubble was inflating. Speculative fever gripped the stock market, and easy credit fueled a reckless pursuit of wealth. As stock prices soared to dizzying heights, the fundamentals of many companies failed to justify their valuations. This unsustainable euphoria eventually culminated in the Stock Market Crash of 1929, shattering the illusion of wealth and prosperity and triggering the devastating Great Depression. The Roaring 20s is a stark reminder of the perils of speculative excess and the importance of prudent financial stewardship. The Great Depression & Gold Confiscation During the Great Depression, President Franklin D. Roosevelt addressed the crisis by issuing Executive Order 6102 in 1933, making it illegal for private citizens to own most forms of gold. This law effectively confiscated gold holdings, requiring Americans to exchange their gold coins, bullion, and certificates for US dollars at a fixed rate. While stabilizing the economy and increasing the money supply were short-term goals, gold confiscation in the 1930s underscored the need to own physical gold as a hedge against unforeseen government interventions and economic volatility. Bretton Woods Agreement & Dollar Dominance The Bretton Woods Agreement of 1944 reshaped the global financial system, pegging currencies to the US dollar, which was fixed to gold at $35 per ounce. Exchange rates became stable and elevated the US dollar to the world’s primary reserve currency. However, financing post-World War II and the Vietnam War eroded gold reserves. Kennedy Assassination, Silver Removal & Fiat Currency President Kennedy’s assassination in 1963 led to shifts in US monetary policies. President Lyndon B. Johnson removed silver from US coinage, ending silver’s role in coins. Amid mounting economic challenges, Nixon took us off the gold standard and the US defaulted on the Bretton Woods Agreement in 1971, thus suspending the US dollar’s convertibility into gold, severing the last link to precious metals, and inaugurating the fiat currency era, where the dollar’s value was dictated solely by manipulation and government decree. Gold and Silver Safeguard Wealth & Purchasing Power Gold and silver have time-tested their ability to preserve wealth and purchasing power. Diversifying assets with tangible gold and silver outside the traditional paper-based system provides stability and security during economic volatility. Their enduring value makes them indispensable for safeguarding financial well-being, ensuring wealth remains protected for generations. ______________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ We tackle a more relevant topic than ever: the truth about your money and why the mainstream media isn’t telling you what you need to know. Jennifer Horn and Ken Russo dive deep into the challenging landscape of today’s media environment. In a world where opinions often overshadow facts, it’s become increasingly difficult to discern the truth from the noise. The mainstream media provides narratives, but are they aligned with your best interests? As we witness unprecedented levels of government spending and escalating debt, there’s a notable absence of discussion regarding the associated risks. Does it make sense to assume that everything is going to be OK? Or should we consider the alternative? Ken Russo asks, “What if it’s not?” In this episode, we unravel the intricacies of safety, privacy, and the value of our money, all while exploring the crucial role that gold and silver play in navigating these uncertain financial waters. The Inciting Incident Nixon’s decision to take the US dollar off the gold standard in 1971 marked a pivotal moment in economic history, ushering in the fiat currency era. This significant move severed the link between the US dollar and physical assets like gold, making the currency solely reliant on government promises. It represented a departure from the traditional monetary system backed by tangible reserves. It shifted the world towards a more flexible but inherently riskier monetary regime. This decision fundamentally altered how currencies operated, setting the stage for modern fiat currencies, which are no longer tied to physical assets and rely on trust in government stability and fiscal policies. The Fed & Intrusive Transaction Searches Here’s an eye-opening revelation brought to light by the House Judiciary Committee. Federal investigators have raised eyebrows by asking banks to scrutinize customer transactions using terms like “MAGA” and “Trump” as part of an investigation into the events of January 6. In a shocking twist, purchases of “religious texts” have been flagged as potential indicators of “extremism.” This action is an unprecedented intrusion into your rights of privacy. It has startling implications for your financial freedoms and privacy. Amidst these revelations, Ken explores the enduring value of gold and silver to protect your wealth and preserve your financial autonomy. Fractured Fractional Banking Many are concerned about the fractional banking system, and there’s been an ongoing debate. Fractional banking operates on the idea that banks lend out most of the funds deposited with them, holding only a fraction in reserve. Although inherently flawed, this system has existed for centuries. Banks may not have enough cash to meet depositors’ demands during political unrest or financial stress. Banks in trouble run to the government for assistance. They need bailouts to stay afloat. It’s probably a good thing if you’re wondering about the stability and safety of your savings within the traditional banking system. Consider turning to physical precious metals like gold and silver to safeguard your wealth as a precautionary measure. Unlike fiat currency, these tangible assets hold intrinsic value and can provide a hedge against potential economic instability. Safety of Your Spending Power Gold has proven itself as a timeless store of value, and it offers a unique way to protect your spending power from the erosive effects of inflation. Gold maintains its intrinsic worth, unlike fiat currencies, which can lose weight over time due to economic fluctuations and government policies. Its scarcity and enduring demand make it a reliable asset to preserve wealth. As inflation erodes the purchasing power of traditional currencies, gold tends to hold or even increase in value, making it a valuable addition to any well-diversified financial portfolio. Whether you’re looking to safeguard your savings or secure a portion of your wealth against the uncertainties of the financial markets, gold has a long history of serving as a dependable hedge against the corrosive nature of inflation. Your Buying Power – Looking Ahead As we look ahead to the next 5 to 10 years, it’s crucial to consider the value of our dollars in the future. In an era of economic uncertainty and unprecedented monetary policies, the question becomes, “How much will my dollar afford then, and how much will it lose in value?” History has shown that over extended periods, the purchasing power of fiat currency tends to decline, and the erosion caused by inflation can be significant. This realization prompts us to think about ways to protect our wealth from the devaluing effects of time. It’s a reminder that for anything beyond the short term, holding onto excessive cash can be a risky proposition. Diversifying into assets like precious metals, real estate, or investments that have the potential to outpace inflation can help ensure your financial security in the years to come. ________________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ In this latest episode of The Gold Standard, hostess Jennifer Horn with her guest Ken Russo discuss the current state of the economy and crucial steps you can take today to safeguard your spending power. They’ll explain why clinging to paper assets may not be the most secure way to preserve wealth. But before we delve into the present-day economic landscape, let’s rewind to a pivotal moment in history – the Nixon Shock of 1971 – when President Nixon forever altered the relationship between the US dollar and gold. From Precious Metals to Fiat Currency In the past, the US dollar was pegged to precious metals such as gold and silver. These tangible assets provided a solid foundation, giving the currency intrinsic value and a sense of security. However, times have changed, and today, the US dollar stands on a radically different footing. No longer backed by the glittering assurance of gold and silver, the dollar relies solely on the intangible pillars of trust and confidence in the government. This shift has transformed the dollar into a fiat currency, whose value comes from people’s faith in the government’s ability to manage its monetary policies and maintain economic stability. It’s a fundamental change that underscores the importance of understanding the dynamics in today’s financial world and the role that precious metals like gold continue to play in safeguarding wealth and preserving economic security. The Alarming Rise of the US National Debt The current state of the US National Debt is nothing short of alarming, standing at a staggering $34 trillion. To put this in perspective, just over two decades ago, in 1999, it was a comparatively modest $5.6 trillion. This exponential growth demands our attention for several crucial reasons. First, it’s a trajectory that shows no signs of slowing down, raising concerns about the nation’s fiscal stability. The US is now on the brink of joining a rather unenviable club, as since 1800, 51 out of 52 countries that crossed the 130% gross government debt threshold have experienced high inflation, default, restructuring, or devaluation. The pace of this debt increase is startling, with the government accumulating $340 billion more each week. As individuals, the national debt impacts us directly, with each taxpayer carrying a share of approximately $264,000. The interest alone, a daunting $1.8 billion per day, emphasizes the gravity of the situation. To put it into perspective, $34 trillion surpasses the combined value of the economies of China, Japan, Germany, and the United Kingdom. These numbers underscore the urgency of understanding the implications of such debt levels and why they matter for the financial well-being of every American citizen. Ken Russo’s poignant question, “How long until the bubbles begin to burst?” echoes a growing concern in the financial world. Today, we witness enormous bubbles inflating the debt market, the real estate sector, and various other segments of the economy. Years of low interest rates and unprecedented monetary stimulus fuel these bubbles. The real estate market, in particular, has experienced soaring prices, with housing bubbles emerging in many regions. The debt market, on the other hand, has seen an expansion in corporate and government debt, reaching levels that could become unsustainable. Understanding the dynamics of these bubbles and their implications is essential for investors and individuals alike as we navigate an increasingly uncertain financial landscape. BRICS Nations Challenge the Dominance of the US Dollar The BRICS coalition of Brazil, Russia, India, China, and South Africa is gaining remarkable traction, fueled by mounting discontent with the US dollar’s role as a geopolitical weapon. These nations actively pursue alternatives to lessen their reliance on the dollar-centric global financial system. Initiatives such as the New Development Bank and bilateral trade agreements conducted in local currencies signify their determination to diversify. This upsurge marks a broader global shift towards a more multipolar financial landscape, questioning the long-established supremacy of the US dollar. Since the epochal Bretton Woods Conference in 1944, the dollar’s status as the world’s primary reserve currency granted the US unique advantages, including cheaper financing and substantial leverage through financial sanctions. However, as the BRICS group expands beyond its original five members to include others, our currency landscape may be poised for a seismic shift, introducing heightened volatility to the Treasury market, exchange rates, inflation, and more. How Does Gold Protect You? In these uncertain times of economic turbulence, it’s crucial to recognize the timeless role that gold plays in safeguarding your buying power. Unlike fiat currencies that can be devalued by excessive printing, gold’s intrinsic value endures. Its scarcity, universal acceptance, and historical track record as a hedge against inflation and economic instability make it an essential asset for preserving and protecting wealth. ________________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ In the latest installment of The Gold Standard podcast, our hostess, Jennifer Horn, and her guest, Ken Russo, Senior Vice President of the Midas Gold Group, discuss the current state of the economy, some of the warning signs of things to come, and what you can do talk help protect your finances. Ken urges listeners to protect their wealth. One such avenue is the age-old practice of having some exposure to precious metals like gold and silver. To understand this better, we look back to that pivotal moment in history when President Nixon made a game-changing decision in 1971. It was a decision that forever altered the course of US currency and the economy. What Happened in 1971 President Richard Nixon made the historic decision to take the United States off the gold standard in 1971 to respond to various economic challenges and pressures. One primary purpose was to give the US Government more control and flexibility in managing its monetary policy, particularly in times of crisis. By decoupling the US dollar from the fixed exchange rate with gold, Nixon aimed to combat inflation and stimulate economic growth. However, it also had consequences for the dollar’s value. Since 1971, the dollar’s value compared to gold has fluctuated dramatically. For example, in 1971, an ounce of gold was valued at $35, but by 2024, the price of an ounce of gold had surged to over $2,000. The Dangers of Printing Currency Currency loses its purchasing power when there’s an excess of it chasing after a limited supply of goods and services. Today’s financial system relies on fiat-based elastic monetary principles powered by fractional reserve banking. When banks originate loans, they create new money, expanding the money supply. However, this money supply expansion ultimately leads to debasement if productivity can’t keep pace. Ironically, governments benefit from currency debasement, as seen in the US, where the Federal Reserve targets 2% annual inflation. CBDC is Coming The advent of Central Bank Digital Currencies (CBDCs) appears to be an inevitable development in the global financial landscape as the world embraces digital technology. CBDCs, representing digital versions of a nation’s fiat currency issued and regulated by its central bank, have emerged as a response to the need to modernize monetary systems. These digital currencies aim to offer the best of both traditional banking and modern technology, with central banks asserting that they will enhance transactional efficiency, streamline transactions, and improve global remittances. While those things might be true, Central Bank Digital Currency also faces significant challenges, particularly in terms of privacy, security, and centralization, making uncertain their future impact on global finance. What About Silver? As of today, the spot price of silver is experiencing noteworthy movements in the market. Silver, often called “the poor man’s gold,” has gained attention from investors and those seeking enforced savings. While it tends to follow the trends of gold, silver typically exhibits more significant price volatility, which makes it an attractive option for investors looking for potential short-term gains. Moreover, silver has a wide range of industrial applications, from electronics to solar panels, which adds to its intrinsic value. Manipulation & Suppression of Silver Ken presents a good case that a few large banks regularly suppress and severely manipulate the price of silver. In 2020, JP Morgan Chase was fined $920 million for manipulating the gold, silver, and bond markets. And this wasn’t the first time. Two 2010 lawsuits accused JPMorgan Chase and HSBC Holdings of manipulating silver prices. Large banks like JPMorgan Chase have faced allegations and legal consequences for their involvement in suppressing and manipulating the gold and silver markets to their advantage. The misconduct by JPMorgan involved a pattern of manipulation in precious metals. This case illustrates the ongoing efforts by regulators and authorities to crack down on market manipulation and illegal trading practices within the financial industry. Be Financially Prepared for Chaos Gold and silver are steadfast pillars of stability and resilience in today’s ever-changing landscape. These precious metals offer many options for individuals and investors to help prepare themselves for upheavals and chaos. Whether it’s preserving wealth, diversifying investment portfolios, or securing enforced savings, gold and silver have consistently proven their worth throughout the history of civilizations. ____________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ In this first episode of The Gold Standard in 2024, host Jennifer Horn and Ken Russo, SVP of the Midas Gold Group, provide valuable insights into the economic landscape and what to expect in the year ahead. Together, they explore the key factors shaping our financial world, the challenges and opportunities that lie ahead, and strategies to navigate this dynamic year. The Path to Today’s Economic Landscape The journey to the current state of the US economy has been gradual and complex. It traces back to several critical factors, including a historical shift away from the gold standard in the early 20th century, the expansion of government spending and deficits, and the evolution of the global financial system. The US gradually moved away from the discipline of the gold standard, enabling the government to print money without direct constraints. Over time, the country saw a proliferation of debt-driven policies, which, while providing short-term relief, contributed to the accumulation of massive national debt. Signs on the Economic Horizon While some are optimistic at the close of 2023, many fear a recession, or something worse, is just around the corner. The growth of commercial loans has slowed to a crawl. While the annualized growth rate of these credit measures was around 11.7% at the start of the year, it has since plummeted to 0.3%, well below the inflation rate. This is a red flag. A healthy economy relies on sustained credit growth. Economic contraction is inevitable as loans and leases fail to keep pace with inflation. Economists predict a recession still looms. Indicators like the inverted yield curve and the Conference Board’s economic index, hint at recession risks. What the Fed does with rates this year will be pivotal in shaping the financial landscape ahead. The Debt-Based System The United States operates within a debt-based financial system, where borrowing and debt issuance are fundamental components of its economic framework. This system relies on issuing government bonds and creating fiat currency, not backed by physical assets like gold or silver, to fuel economic growth and stability. The US Government consistently borrows to finance various programs, projects, and obligations, resulting in a national debt that has grown substantially over the years. This approach ensures rising debt levels. Other countries have adopted similar debt-based systems, relying on debt and fiat currency to stimulate their economies. This global trend reflects the interconnectedness of the modern financial system, where nations leverage debt to fund government operations, foster economic growth, and manage monetary policy. A Store of Value Gold is a precious metal that has historically maintained its intrinsic worth as a trusted hedge against inflation, economic instability, and currency devaluation. Its enduring appeal is rooted in its scarcity, durability, and universal acceptance. With a track record spanning a millennium, gold safeguards assets and helps to protect investment portfolios through diversification. Inflation Inflation is a phenomenon that erodes purchasing power over time, causing the value of money to decline relative to the rising costs of goods and services. The exact amount of money can buy fewer goods and services than it could in the past. It effectively reduces the actual value of savings and fixed-income assets, impacting individuals and investors alike. Bullion Product: The One-Ounce Gold Eagle In this episode, Ken Russo highlights the one-ounce Gold Eagle, a prominent bullion product in the precious metals market. The Gold Eagle program originates from the Mint’s response to the 1986 Gold Bullion Coin Act passed by Congress in 1985. Investors and collectors regard the Gold Eagle coins for their iconic design, featuring Lady Liberty on the obverse side and a majestic eagle on the reverse. With their patriotic imagery and guaranteed gold content, Gold Eagles have become a trusted choice for both seasoned investors and collectors, embodying the enduring appeal of gold as a store of value and a symbol of American heritage. Navigating a Complex Landscape It becomes increasingly evident that gold is a steadfast guardian of wealth and a symbol of stability in the face of uncertainty. The current state of economic affairs, marked by high debt levels, inflation concerns, and tension in the financial markets, underscores the enduring relevance of gold and silver as reliable stores of value. ____________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Step into the world of economic analysis and financial foresight as Jennifer Horn and Ken Russo, SVP of the Midas Gold Group, guide you through a comprehensive review of 2023. In this episode of The Gold Standard, they discuss the country’s economy and global financial landscape and shed light on the challenges that have affected the purchasing power of your money. While the past year may have presented its fair share of obstacles, it’s not all doom and gloom. Sure, Jennifer and Ken paint a bleak picture. Still, they also equip you with practical steps to fortify your wealth in an ever-shifting financial landscape. Tune in for essential insights and strategies to protect your financial future. Before President Nixon’s historic decision to remove the US dollar from the gold standard in 1971, several key events and benchmarks paved the way for this momentous change. The system established by the Bretton Woods Agreement in 1944, which pegged the value of major currencies to the US dollar and the dollar to gold, faced increasing strain due to mounting trade deficits, inflationary pressures, and the costs of the Vietnam War. Additionally, foreign countries began accumulating US dollars as reserves, causing concerns about the convertibility of those dollars into gold. These challenges set the stage for President Nixon’s fateful announcement on August 15, 1971, marking a pivotal moment in the history of global finance and currency systems. Fiat currency is a form of money with no intrinsic value. A physical commodity like gold or silver does not back it. In the old days, before the Fed, you could redeem your paper money for gold and silver. The paper money was certificates that could be redeemed at the bank, not Federal Reserve notes. Today’s fiat currency gets its value from the trust and confidence in our government. While fiat currency allows central banks to manage the money supply, it also presents challenges. Governments can print more money at will, leading to inflation and eroding the currency’s purchasing power. The BRICS nations (Brazil, Russia, India, China, and South Africa) have been amassing significant gold reserves, signaling a shift away from reliance on the US dollar. Russia and China, in particular, have been at the forefront of this movement. They have been diversifying their foreign exchange reserves by increasing their gold holdings. This strategic move helps reduce their dependence on the dollar and stabilizes their currencies. The BRICS nations’ pursuit of gold accumulation suggests a growing desire for an alternative to the current global monetary system, potentially underpinning the establishment of a new international currency system with gold as its foundation. This trend underscores concerns about the future of fiat currencies and the need for a stable universal standard of value in a rapidly changing economic landscape. The United States is grappling with a daunting milestone as its gross national debt has surged past the $33.1 trillion mark. This alarming figure underscores the nation’s precarious fiscal trajectory at a time when Washington continually toys with a potential government shutdown driven by disputes over federal spending. The recent battle over raising the nation’s debt ceiling and a subsequent bipartisan agreement to suspend it for two years have temporarily averted a fiscal crisis. However, despite newly passed spending cuts, the national debt is projected to exceed $50 trillion by the decade’s end. The global landscape appears to be a challenging tightrope walk on various fronts. 2022 was marked by significant shifts in markets, geopolitics, and economies, setting the stage for further transformation and potential upheaval in the coming months. One prominent theme is the intensifying strategic competition between major world powers, characterized as a struggle between democracy and autocracy. Challenges like managing high inflation and addressing political divisions are following us into 2024. Our economic tightrope requires each of us to be cautious and take deliberate steps to maintain our purchasing power. In times of economic turbulence and uncertainty, gold has consistently proven its status as the ultimate chaos asset. Investors turn to this precious metal as a store of wealth and a hedge against inflation, currency devaluation, and geopolitical instability. ______________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Join hostess Jennifer Horn and Ken Russo discussing our dollar’s lost purchasing power. In a world where the value of paper currency is continually eroding, Jennifer and Ken talk about the forces actively diminishing the purchasing power of the US dollar before our eyes. They explore the fragile nature of our debt-based monetary system, which seems built for an inevitable collapse. Could this pave the way for a new era, possibly driven by Central Bank Digital Currency? Each episode of The Gold Standard will help you gain insights into the future of currency and the economic forces reshaping our financial landscape. “I can guarantee that our paper money will lose purchasing power over the next few years, and it will be worth less.” —Ken Russo, SVP of the Midas Gold Group Rewind to a different era when the US monetary system was firmly anchored to the gold standard. This was a period of sound economic policy where each dollar in circulation was backed by a specific amount of gold held in reserve. However, in 1971, President Richard Nixon made a historic decision to sever this connection, a move often referred to as the Nixon Shock. Economic factors, including mounting trade deficits and the need for increased flexibility in monetary policy, largely drove this decision. As a result, the US abandoned the gold standard, transitioning to a fiat currency system where physical assets no longer back the US dollar but exist as a form of legal tender supported by the full faith and credit of the US Government. Over the decades, this shift and various fiscal policies have led to a staggering increase in national debt. When President Ronald Reagan took office in the 1980s, the national debt was $900 billion. Today, it has ballooned to over $34 trillion. Experts project it to reach between $45 to $50 trillion within the next four to five years, raising critical questions about the sustainability of our current monetary system. Since 1933, the US dollar has lost 92 percent of its domestic purchasing power. Even at its moderate 1994 inflation rate of 2.7 percent, the dollar lost another half of its purchasing power in 2022. You’ve got to ask yourself, “How much will my dollars be worth ten years from now?” Whatever the future of currency and economic systems, it’s crucial to consider the threats to your freedom and privacy of Central Bank Digital Currency (CBDC). While CBDCs may be a modern and convenient evolution of money, they also raise significant concerns about personal privacy and individual financial freedoms. The widespread adoption of CBDCs could mean increased government control and surveillance over your financial transactions, potentially tracking and monitoring every purchase and transaction. It’s a strategy that, while promising efficiency and convenience, also has the potential to erode the privacy and autonomy we currently enjoy with traditional cash and digital currencies. Join us in this episode as we explore the delicate balance between innovation and safeguarding our liberties in an increasingly digital world. Throughout the annals of human civilization, one element has consistently stood the test of time as a dependable store of value: gold. From the ancient empires of Egypt and Rome to the modern financial systems of today, gold has remained a steadfast guardian of wealth. Its intrinsic rarity, enduring beauty, and corrosion resistance have made it an enduring symbol of stability. Time and again, as nations have risen and fallen, currencies have fluctuated, and economies have weathered storms, gold and silver have proven reliable anchors in the tumultuous sea of finance. Its ability to retain its value through centuries and across diverse cultural landscapes is a testament to the enduring trust placed in this precious metal by individuals and nations alike. In today’s dynamic and rapidly changing financial world, diversification is essential. Diversifying with precious metals is a crucial strategy for investors looking to navigate the complexities of the global economy. The primary benefit of diversification is its ability to mitigate the inherent volatility in financial markets. It’s a risk management tool that allows investors to maintain stable, positive returns even when individual investments may experience fluctuations. By spreading your investments across various asset classes, you shield your portfolio from potential pitfalls while increasing the likelihood of achieving long-term financial success. ______________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Learn more about how to preserve your wealth with the latest episode of The Gold Standard! Join hostess Jennifer Horn and her guest Ken Russo, the SVP of the Midas Gold Group as they discuss how gold and silver are doing great things. “How do you secure your financial future in today’s climate of uncertainty and instability?” Jennifer and Ken offer solutions and good reasons why you should act today. Gold Spot is over $2,000 Gold surpasses the $2,000 milestone! Fueled by Federal Reserve expectations of a peak in interest rates, gold’s meteoric rise reached a three-week high at $2,007.29. Amid a weakening dollar and near two-month lows in US Treasury yields, gold surged 1.2% to $1,999.92 per ounce. Fueled by interest rate hikes, the outlook for gold is bullish. There is an ongoing balancing act between geopolitical tensions, inflation signals, and gold’s allure. Our Financial Mess While our fractional reserve banking system teeters on the edge of the abyss, central bankers are scrambling to prepare for a monetary reset. Jennifer Horn and Ken Russo discuss how our financial ecosystem is fragile and uncertain. Decades of prolonged imbalances are coming home to roost. The Root Cause President Nixon’s groundbreaking address to the nation in 1971 set the stage for the financial chaos that would follow us into the 21st Century. Nixon “temporarily” suspended the convertibility of the dollar into gold, officially ending the Bretton Woods system. This landmark decision severed the last ties between major world currencies and precious metals, ushering in the era of fiat money. President Nixon’s decision to suspend the convertibility of the US dollar into gold in 1971 marked a significant turning point in the global monetary system and played a pivotal role in the widespread adoption of fiat currency. Before this event, the international financial system operated under the Bretton Woods Agreement, where major currencies were pegged to the US dollar, and the US dollar was convertible to gold at a fixed rate. Nixon’s move, commonly known as the “Nixon Shock,” dismantled the gold standard and introduced a fiat currency system, where money’s value is not directly linked to a physical commodity like gold. It’s not linked to anything except the government’s word and confidence. This decision had far-reaching consequences, leading other countries to abandon the gold standard and transition to fiat currencies. The move towards fiat currency provided more flexibility for governments to manage their monetary policies. Still, it also introduced challenges related to inflation, currency fluctuations, and the global financial system’s stability. Preserving Wealth with Precious Metals: Gold and Silver’s Reliability In times of economic uncertainty, the reliability of precious metals like gold and silver becomes increasingly evident. The rise in the value of gold and silver isn’t solely a reflection of their intrinsic worth but is also indicative of the diminishing purchasing power of the US dollar. Consider this scenario: if you held $700 in currency for ten years, its real value would significantly erode, leaving you with the equivalent of $300 in purchasing power. In contrast, holding $700 worth of silver bullion coins could prove far more resilient over the same period. The spot price of gold and silver has an inverse relationship with the value of the US dollar, making these precious metals a reliable hedge against inflation, currency devaluation, and geo-political tumult. As economic uncertainties persist, understanding the enduring value of gold and silver becomes crucial for those looking to safeguard their wealth and preserve their buying power. The Ripple Effect of China’s Downgrade Moody’s recent decision to revise China’s credit ratings from stable to negative has sent ripples through the global financial landscape. The downgrade highlights Chinese authorities’ difficulties in bolstering debt-laden local governments and state-owned enterprises. As the world’s second-largest economy grapples with a deepening crisis in the housing market, local government debt concerns, slow global growth, and geopolitical tensions, Moody’s predicts a slowdown in China’s annual GDP growth to 4.0% in 2024 and 2025. While China insists its economic rebound remains on track, the interconnected nature of the global economy suggests that the challenges faced by the Asian giant will have far-reaching implications for economies worldwide. As the Chinese Government deploys various measures to stimulate its economy, the rest of the world continues to watch with some concern. ______________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ In this episode, our astute hostess, Jennifer Horn joins forces with Ken Russo, SVP of Midas Gold Group, to dissect the various fronts our currency is under siege. The relentless erosion of the purchasing power of the US dollar year after year takes center stage in our discussion. Unveiling one of the primary culprits, we delve into the government’s strategic dollar weaponization, employing it as a sanctioning tool against nations that deviate from our expectations. As we navigate the intricate landscape of economic challenges, the corrosive impact of inflation emerges as a formidable adversary, gnawing at the core of our currency’s value. Join us for an illuminating discussion of the state of the economy and its impact on your investments and savings. More importantly, they’ll explain how you can safeguard your financial stability. The news media would have you believe that the economy is good. Sure, unemployment is low, and reports show that people across the nation are still spending, but that doesn’t mean we’re in a good place economically. Many of us feel the stress and strain of making our dollars stretch more to cover the high cost of inflation. The consumer shopping basket has risen over the last four years. Everything we buy is up twenty percent. Fifteen gallons of gasoline at the beginning of 2020 cost $38. Now, it’s more like $49. Big ticket items like cars and houses have gone up tremendously. On top of that, you have punitive interest rates. Home prices have skyrocketed forty-seven percent since 2019. Since the Nixon Shock of 1971, our monetary landscape has shifted fundamentally, ushering in an era of fiat money. In this system, the once concrete link between the value of our currency and tangible assets dissolved, leaving our dollars backed by nothing but the confidence we place in our government. As Ken Russo points out, our economic infrastructure has evolved into a delicate balance built on debt accumulation. This nuanced perspective invites us to question the resilience of a system where the stability of our currency hinges on trust and the intricacies of debt dynamics. And we’re not alone. The rest of the countries are doing the same thing. The US has been weaponizing the dollar for years. Our government likes to wield the dollar’s global sway as an economic weapon—Washington’s penchant for sanctions spooks other countries and fuels campaigns to dethrone the greenback. Recent instances, such as the aggressive use of sanctions against Russia, underscore a growing backlash. Countries like China, India, and Brazil actively seek alternatives to the dollar for trade and investment. As we navigate this evolving financial landscape, the fragility of our global economic integration grows increasingly apparent. There is concern that the persistent weaponization of the US dollar will fuel the de-dollarization movement. Central banks worldwide are intensifying their acquisition of gold bullion. According to recent World Gold Council (WGC) data, global central banks demonstrated robust gold demand in July, adding 55 tons to their reserves. This report follows a resurgence in net buying observed since June 2022, reversing three consecutive months of net selling. There is a persistent and longer-term trend of central banks bolstering their gold reserves. This surge in gold purchases hints at a shifting global sentiment and a growing recognition of gold’s enduring value in central bank reserves. As we witness a global surge in central banks bolstering their gold reserves, there’s another financial frontier on the horizon—Central Bank Digital Currencies (CBDC). The United States and 113 other nations are actively exploring the implementation of CBDCs. However, this evolution of digital currency raises critical concerns about financial privacy. With CBDCs, every transaction becomes transparent, offering authorities unprecedented insight into individual spending habits. As this digital transformation unfolds, it prompts us to reflect on the potential implications for personal financial autonomy, as central banks could assume a more direct role in dictating how we spend money. CBDC’s threat to financial privacy is another reason to diversify some of your paper assets into tangible investments like gold and silver. ______________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Join our insightful hostess, Jennifer Horn, in a compelling conversation with special guest Ken Russo. This episode explores economic uncertainties and the crucial role that gold plays in preserving wealth. As we navigate through today’s turbulent financial landscape, Ken unravels the impact of the US fiat currency and the fractional reserve banking system on the corrosive devaluation of our dollars. Discover why being thankful for gold is not just a sentiment but a strategic choice in safeguarding the future of your finances. Unseen Forces Behind Historic Decisions Despite its outward image of authority, the presidency often reveals a complex interplay of influences where decisions extend beyond the individual in the Oval Office. President Richard Nixon’s pivotal move in 1971 to sever the ties between the US dollar and the gold standard is a poignant illustration of this phenomenon. Though history marks this event as a presidential decision, it illuminates the intricate web of factors shaping executive actions. Behind closed doors, economic advisers, geopolitical strategists, and financial architects were instrumental in shaping this historic shift. The decision to unpeg the US dollar from gold reflects the intricate dance between economic forces and political decision-making. “Worried about your deposits? Or the bank shares in your portfolio? You should be. Trouble lies ahead.” —Charles Calomiris, Economist and Professor, New University of Austin The Pitfalls of Fiat Currency Using paper money (fiat currency) and relying on a central banking system can be risky. A significant government deficit makes it hard for the Federal Reserve to control rising prices. To cope, the government might start relying on an “inflation tax” by making money and bank deposits worth less over time, causing people to move their money out of banks to avoid losing value. If too many customers withdraw their money simultaneously, big banks could have problems, as we’ve seen happen several times recently. High inflation makes regular savings methods less reliable. It’s a reminder that our money system isn’t foolproof, and we should consider how it affects our savings and the overall economy. Searching for Stability In the 2020s, the decades-long bond bull market stopped, bringing about a fourfold increase in yields on long-dated government bonds. Amid this financial shift, the spotlight falls on James Grant, a seasoned analyst and publisher of Grant’s Interest Rate Observer, who stands firm in his bearish perspective on government bonds and the underlying dollars. Grant’s skepticism extends to the Federal Reserve’s approach to monetary management, and he advocates for gold as a more dependable store of value. Citing historical examples and critiquing profligate political tendencies, Grant warns of the potential consequences of an 8% inflation tax on currency and bank deposits. Investors must exercise caution in the face of rising interest rates by diversifying with gold and silver in fixed-income portfolios. Moody’s Red Flags for the US Economy Moody’s recent shift in the Outlook for the US Sovereign Credit Rating from Neutral to Negative has sent ripples through the financial landscape, signaling potential challenges for the country’s creditworthiness. This move, coming on the heels of a similar downgrade by Fitch Ratings, suggests a growing concern about the fiscal strength of the United States. Moody’s, one of the leading credit rating agencies, attributes the negative outlook to unchecked government spending and a mounting debt burden, echoing sentiments expressed by other agencies. The ongoing political polarization in Congress, marked by repeated debt ceiling showdowns and government shutdown threats, contributes to the assessment that the government faces dysfunction. Moody’s pessimism extends to the near-term prospects of Congress taking adequate measures to address the declining fiscal strength, pointing to the political calendar and suggesting that significant policy responses may not materialize until 2025. With the potential loss of the last remaining top-tier credit rating looming, the impact of Moody’s warning underscores the urgency for policymakers to address the country’s fiscal challenges. The Silver Morgan Dollar The Morgan Dollar holds significant importance for the average saver and investor as a tangible piece of American history with intrinsic and numismatic value. Minted from 1878 to 1904 and again in 1921, these silver dollars are a testament to the nation’s economic evolution and serve as a tangible representation of wealth preservation. For the average saver, acquiring Morgan Dollars provides a unique opportunity to hold a physical asset that has stood the test of time, offering a sense of stability and connection to the past. The silver content and the potential appreciation in numismatic value over time make the Morgan Dollar series attractive to investors. As part of the coin-collecting community, Morgan Dollars hold a special place, symbolizing a bygone era of American coinage while offering historical and monetary value to those seeking a diversified and tangible investment. Indeed, Morgan Dollars remain the most collected US coins of all time. ____________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Jennifer Horn and Ken Russo discuss the unsettling landscape of distorted financial data and the prevalence of misleading information in the media. With a motto of “you have questions, we have answers,” Sensible Ken leads a conversation on safeguarding your savings and investments in times of uncertainty. The episode offers invaluable insights into why diversifying into tangible assets, like precious metals, becomes the “sensible” thing. Join us to explore the measures you can take to fortify your financial security in today’s complex and unpredictable economic climate. Ken sheds light on the 1944 Bretton Woods Agreement, a significant post-war accord that pegged major currencies to the US dollar, indirectly tying them to gold. The climax of this historical saga unfolds with the dreaded Nixon Shock of 1971. This momentous decision severed the last link between the US dollar and gold and sent shockwaves through global financial systems as gold hovered around $35 per ounce. Understanding these key milestones is crucial, as Sensible Ken empowers you to navigate the maze of economic intricacies and make informed decisions. In the preceding decades, gold served as the backbone of international transactions, with paper currency like the US dollar acting as a mere placeholder, exchangeable for gold upon demand. However, following a trend persisting today, the US consistently spent more than it earned, flooding the market with paper currency “checks.” These “checks” lacked direct gold backing. The depletion of gold reserves became evident as people sought to redeem these checks for gold. The US couldn’t uphold its promises to save gold for all the circulating paper currency. Countries began to rush to exchange dollars for gold before the reserves were exhausted. That is why President Nixon took us off the gold standard on August 15, 1971. That Sunday evening, he conveyed the historic decision to sever the link between the US dollar and gold. This monumental shift forever altered the dynamics of global currency and marked the end of the gold standard era. Sensible Ken explains why understanding this history is paramount for making informed choices in today’s complex economic landscape. The recent failures of Silicon Valley Bank and Signature Bank have many Americans concerned about the Economy and the safety of their money. Although the government has stepped in to contain the damage caused by the bank failures and ensure account holders can access their funds, inflation and interest rates remain high, so the threat of a deepening recession persists. Against an increasingly polarized political environment, Moody’s recent decision to shift its assessment of the US credit outlook from “stable” to “negative” ripples through the financial landscape. This development follows earlier downgrades by Fitch and S&P Global Ratings, reflecting a growing lack of confidence in the government’s ability to navigate political challenges and fulfill its debt obligations. The intricacies of House Republican infighting, coupled with a tumultuous speaker selection process and a mounting national debt set the stage for Moody’s cautious outlook. As the US grapples with the risk of defaulting on its debt and the looming possibility of a government shutdown, Moody’s assessment hints at skepticism regarding the nation’s trajectory in resolving these pressing political issues. Drawing parallels with historical instances, the repercussions of credit downgrades on the Economy come to the forefront. While stopping short of a complete downgrade, Moody’s decision raises concerns about the potential for future slips. Past events, such as “Black Monday” following S&P Global Ratings’ downgrade in 2011, provide insights into the market’s immediate responses and the subsequent impact on indices like the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average. Experts caution about potential domino effects as the perception of the federal government is increasingly riskier, including increased interest rates on mortgages and credit cards. Sensible Ken sheds light on these intricate dynamics and offers ways to navigate the uncertain geo-economic terrain. Ken introduces us to a remarkable investment opportunity: the Credit Suisse 10oz Gold Bar. Renowned for its purity and craftsmanship, this gold bullion product emanates trust and stability. Crafted by one of the world’s leading financial institutions, Credit Suisse, the bar boasts a weighty 10 ounces of pure gold, making it a substantial addition to any investor’s portfolio. Its meticulously designed, elegant packaging ensures authenticity and reflects the Swiss commitment to precision. Russo guides viewers through the features that make this gold bar an attractive asset, emphasizing its role in safeguarding wealth amidst economic turmoil. As the discussion unfolds, viewers gain valuable insights into the strategic inclusion of such tangible assets in a diversified financial strategy. ____________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ The knowledgeable Ken Russo joins series hostess Jennifer Horn for a lively discussion about the US economy. Buckle up as they tackle crucial topics that impact every wallet and purse: “Warnings about the Value and Security of Your Money.” In an era where our currency’s value rests solely on trust and confidence in the US Government, Jennifer and Ken attempt to unravel the complexity and layers of concern surrounding the reliability of our financial system. From dissecting the intricacies of our fractional reserve banking system to exploring what you need to know to safeguard your hard-earned dollars, Ken Russo takes the conversation beyond the headlines. He challenges people to think about the current geopolitical and economic situation regarding their finances. Since President Nixon took the United States off the gold standard in 1971, the US dollar has experienced a significant loss in value. This departure from the gold-backed system allowed for more flexibility in monetary policy but came with consequences. The purchasing power of the US dollar has declined dramatically, with estimates suggesting it has lost approximately 95% of its value over the past five decades. This erosion includes inflation, increased money supply, and economic shifts. This devaluation underscores the importance of considering alternative assets. “Trust your instincts and understand what is happening to your money. It’s going to continue to lose significant value.” —Ken Russo The recent collapse of The Citizens Bank in Sac City, Iowa, marks the fifth bank failure in the nation in 2023, shedding light on the fragility within the banking sector. While bank failures appear infrequent, with an average of nearly 25 per year since the new millennium, the back-to-back collapses of Silicon Valley Bank (SVB) and Signature Bank, followed by First Republic Bank just seven weeks later, underscore a unique and concerning trend. Between 2015 and 2020, the US witnessed an average of fewer than five bank failures annually, but the sudden uptick in 2023 prompts questions about banking stability. The most significant bank failure in US history, Washington Mutual in 2008, holding $307 billion in assets, is a reminder of potential repercussions when financial institutions buckle under the weight of risky endeavors. The FDIC, or Federal Deposit Insurance Corporation, is an independent government agency overseeing the US banking industry. Formed in response to the widespread bank failures during the Great Depression of the 1930s, the FDIC’s mission was to renew confidence in the banking system by protecting depositors’ funds up to $2,500 per depositor. Today, the FDIC insures up to $250,000 per depositor, per account ownership type, per financial institution. It’s important to note that FDIC coverage doesn’t extend to investments like stocks or bonds. Beyond deposit insurance, the FDIC conducts supervision and examinations of banks and savings associations nationwide to ensure their sound operation. While headquartered in Washington, DC, the FDIC is the primary federal regulatory agency for state-chartered banks not part of the Federal Reserve System. The FDIC enforces compliance with consumer protection laws, including the Fair Credit Billing Act, Truth in Lending Act, and Fair Debt Collection Practices Act. The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in 2010 in response to the 2007–2008 financial crisis, aimed to address regulatory shortcomings and protect consumers. Despite introducing measures such as the Orderly Liquidation Authority (OLA) to facilitate the orderly resolution of failing financial institutions, Dodd-Frank did not explicitly suspend bank bailouts. If necessary, OLA provided a mechanism for resolving failing institutions with temporary government financial support to prevent systemic collapse and protect the broader economy. While the act sought to make interventions more orderly and accountable, it did not eliminate the possibility of government involvement in stabilizing the financial system. One of the original twenty-dollar Gold pieces, known as the Double Eagle Liberty Head, holds a storied legacy from its minting era between 1849 and 1907. Designed by James B. Longacre, the coin featured a majestic depiction of Lady Liberty wearing a coronet inscribed “Liberty.” On the reverse side, a heraldic eagle graced the coin, clutching arrows and an olive branch. Notably, the Double Eagle underwent modifications, removing the motto “In God We Trust” in 1866, only to be reinstated in 1877 due to public outcry. This iconic piece of American numismatic history reflects the nation’s evolving ideals and the intricate artistry of the 19th and early 20th centuries. ____________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ Jennifer Horn and Ken Russo announce gold leaped over $2,000 an ounce last week. It’s a forecast of things to come. With gold and silver prices on a remarkable upward trajectory, Russo emphasizes the wisdom of diversifying a portion of your nest egg with these precious metals while you still can. When you consider all the things happening in our economy and how we’re seeing the value of the dollar being stripped away like so many layers of an onion, it’s the sensible thing to do. Meet “Sensible Ken,” the moniker adopted by The Gold Standard’s insightful guest, Ken Russo. With an astute perspective on the current financial landscape, sensible Ken encourages us to take stock of the rampant money printing, escalating government expenditures, and the mounting burden of national debt, not only in our nation but across the globe. He prompts us to ask the question, “What’s the sensible way to approach our finances? How can we safeguard a portion of our nest egg, ensuring a measure of security regardless of what unfolds?” In a world where economic uncertainties abound, sensible Ken provides invaluable insights into the prudent steps we can take to fortify our financial well-being. In our fractional banking system, the money you deposit isn’t stored in your local bank as one might assume. Instead, it operates on a fractional reserve basis, meaning only a fraction of deposited funds is kept in reserve. At best, the rest is lent out to borrowers. At worst, is given to speculators to gamble with your money. Potential risks? When numerous customers withdraw funds simultaneously, it can strain the bank’s ability to meet the demand, potentially resulting in a bank run. It’s not a far-fetched idea. All of us have witnessed the devastating impact of bank runs this year. It’s to the government and other stakeholders’ advantage to downplay the significance of gold. Avoiding any shift towards a gold-backed system ensures control over monetary policy. The Fed wants the power to print money. Consequently, there has been a historical pattern of efforts to influence the spot price of gold, often to discourage an over-reliance on the precious metal as a store of value. These actions impact investor sentiment and potentially dissuade individuals from exploring gold as a viable safeguard for their wealth. Recognizing this dynamic is crucial for investors seeking to make well-informed decisions about diversifying their portfolios, ensuring they are not unduly influenced by narratives that may not align with their long-term financial interests. The leaders of our financial system often find themselves in a predicament where they resort to printing more currency as a means of managing economic challenges. This practice, while providing short-term relief, can have long-term consequences for the value of our dollars. As more currency floods the market, it dilutes the overall value of each dollar in circulation. We all know this phenomenon as inflation. Inflation erodes purchasing power and can lead to rising prices for goods and services. Consequently, individuals may find their dollars have diminished buying power over time. Recognizing this dynamic is pivotal for individuals seeking to safeguard their financial well-being. From the mid-1930s to the mid-1960s, the value of gold was firmly fixed by the US Government at $35 an ounce. That is until August 15, 1971, when President Richard Nixon took us off the gold standard. The Nixon Shock was the end of the United States’ commitment to converting dollars to gold at a fixed rate. Later, Congress and President Ford, in 1974, reinstated the private ownership of gold coins, bars, and certificates. The Gold Bullion Coin Act of 1985 introduced the American Gold Eagle, a genuinely competitive American bullion product with full legal tender status, cementing a new era in the ownership and trading of precious metals. During the conversation, Ken pulls out one of his favorite coins, the American Gold Eagle. Since the Bullion Coin Program started in 1986, the American Gold Eagles have been struck at the Philadelphia and West Point mints. They are the most popular gold bullion investment coins in the world. These Gold Bullion coins mark a historical moment in American coinage. The American Gold Eagle invokes a strong sense of American heritage and culture. American Gold Eagle coins are made in four denominations. The most popular of which is the $50, or one-ounce. Each shares the same obverse and reverse designs. The front of the coin is a modified rendition of Augustus Saint-Gaudens’ famous Liberty sculpture from the Double Eagle series minted between 1907 and 1933. Gold Eagles are IRA-eligible, so you can include them in your retirement accounts. ____________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/

https://www.midasgoldgroup.com/ In this episode of The Gold Standard, Ken Russo joins Jennifer Horn as they discuss ways to safeguard your finances against the ravages of the inevitable storm heading our way. They confront the stark reality of the precarious state of our financial system. The words of caution echo: “Large government deficits exist and will almost certainly increase substantially, which will require huge amounts of more debt to be sold by governments…” This dire prediction underlines the perilous over-leverage that threatens to erode the very foundation of our currency’s value. The 2008 Financial Crisis had specific culprits, but the mid-March 2020 liquidity run revealed a broader, systemic vulnerability. Enter the Federal Reserve, stepping in to purchase treasuries at an unprecedented scale, a move often labeled “printing money.” While stabilizing interest rates, this strategy inadvertently widens the gap between Wall Street and Main Street, exposing the average citizen to future inflation risks. The looming question is: Can this strategy continue indefinitely? With the COVID-19 pandemic persisting and interest rates near zero, the Fed’s balance sheet will swell to unparalleled proportions. Financial asset prices, particularly in equities, may surge, masking a collision course with increasing Main Street insolvencies and unemployment. Yet, easing up on printing money could lead to deflation akin to Japan in the 1990s or even rapidly escalating inflation, creating a harrowing scenario of secular stagflation. But why can the US confidently print money when other nations cannot? The key lies in the US dollar’s status as the global reserve currency, insulating it from the currency risk faced by most other countries. However, a disruptive force emerges as the world shifts towards new monetary policies, led by the central bank digital currency (CBDC) concept. This revolutionary approach fundamentally reshapes how governments manage their finances, wherein every individual and business holds an account with the central bank. Central Bank Digital Currency or CBDC-based policy eliminates the need for issuing bonds, allowing direct spending with printed money. This paradigm shift introduces a new level of control over money, with units tagged with specific rules. CBDC will also raise a new level of government surveillance over its citizens. The emergence of CBDC-based policies in major economies like China, Japan, or the Eurozone could challenge the supremacy of the US dollar as the global reserve currency, potentially altering the financial landscape profoundly. “We are devaluing American money so rapidly that in America today, you can’t even bribe Democrat senators with cash alone. You need to bring gold bars to get the job done.” — Rep. Matt Gaetz, R-Florida Florida State Representative Matt Gaetz is increasingly outspoken about the dire fiscal situation facing the United States. With the country drowning in a staggering $33 trillion of debt, equivalent to about 119 percent of the GDP, his concerns are far from unfounded. The Congressional Budget Office forecasts a federal budget deficit of $2.2 trillion for 2023, making it clear that the nation’s financial woes are only escalating. Gaetz staunchly maintains that he’s advocating a return to the fiscally conservative principles that defined the Republican party. He believes that the absolute chaos lies in a ballooning debt and an annual deficit that threatens the stability of the nation’s economy. As the value of American currency continues to plummet, Gaetz’s call for fiscal responsibility gains even more urgency, highlighting the pressing need for a robust and sustainable financial strategy. In the wake of the Silicon Valley Bank and Signature Bank failures in March 2023, echoes of the 2008 financial crisis resound, leaving Americans questioning the stability of their banking institutions. While government officials aim to soothe concerns, recent events have undeniably sparked worry about the safety of hard-earned money. There are real concerns regarding the banking system’s financial stability. If you’re one of those who worry about a potential financial setback, you’re not alone. People with higher incomes who are acutely aware of FDIC coverage limitations. How many people still believe in the government’s ability to avert a crisis similar to the catastrophe of 2008? For many of us, the specter of a 2008-style is hard to shake. One thing is for certain, our fractional reserve banking system’s inherent instability necessitates a critical reevaluation of where we place our financial trust. ____________________________________________________________________________________________________ Listen to The Gold Standard: https://www.midasgoldgroup.com/gold-standard-radio-show/ Gold IRA: https://www.midasgoldgroup.com/gold-ira/ Invest in Gold: https://www.midasgoldgroup.com/buy-gold/ Guide to Owning Bullion & Coins: https://www.midasgoldgroup.com/bullion-guide/ Read the latest precious metals news: https://www.midasgoldgroup.com/news/