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https://www.midasgoldgroup.com/ In this latest episode of The Gold Standard, hostess Jennifer Horn welcomes Ken Russo, SVP of the Midas Gold Group, for a compelling discussion on the crucial warnings we need to heed in today’s rapidly evolving financial landscape. This episode delves into the looming threats posed by the transition to digital currency, the inherent risks of having our finances solely reliant on digital systems, and the ever-increasing danger of cybercrime. Together, Jennifer and Ken provide invaluable insights and practical advice on preparing for these digital disruptions and safeguarding our financial future. “My reaction on Friday was obviously that this will inevitably happen; what can we do to protect ourselves from being financially ruined when it does happen?” —Ken Russo Tech Outage Cripples Multiple Industries In a stark reminder of our reliance on technology, a recent IT outage caused by cybersecurity firm CrowdStrike crippled multiple industries, including airlines, banking, healthcare, and retail. Affecting approximately 8.5 million Windows devices, this disruption highlighted the vulnerability of our modern supply chains to digital failures. The outage led to widespread flight cancellations and delays, temporary halts in financial transactions, and significant logistical challenges that experts predict could have lasting effects for weeks. This incident underscores the urgent need for robust digital resilience in an increasingly interconnected world, where a single technological failure can ripple across global operations. It’s also a stark reminder to take steps now to protect your buying power because an overreliance on digital technology isn’t the only problem. From the Federal Reserve to Fiat Currency: A Historical Journey The formation of the Federal Reserve in 1913 marked a pivotal moment in the United States’ financial history. With the idea of providing a safer, more flexible, and stable monetary and financial system, the Federal Reserve was a response to a series of financial panics that had wreaked havoc on the economy for decades. This central banking system aimed to prevent such crises through having more control of the money supply, and serving as a lender of last resort, ensuring liquidity in times of financial stress. The Bretton Woods system established the US dollar’s dominance, pegging it to gold while other currencies were pegged to the dollar. This system worked well initially, but by the late 1960s, mounting economic pressures such as increasing inflation, trade deficits, and the costs of the Vietnam War, led to concerns about the sustainability of gold reserves backing the dollar. Foreign countries started demanding gold in exchange for their dollar holdings, depleting US gold reserves. This untenable situation culminated in what is known as the Nixon Shock. This policy ended the direct convertibility of the US dollar to gold, effectively taking the country off the gold standard. These shifts in our financial history have allowed for greater flexibility in monetary policy, enabling governments to respond more effectively to economic crises but they’ve also introduced significant risks, including inflation, currency devaluation, and loss of purchasing power. We’ve seen throughout recent history that without the discipline imposed by a commodity-backed system, governments overspend and accumulate unsustainable levels of debt, ultimately undermining the currency’s stability and value. The Importance of Tangible Assets in a Volatile Economy In an era where the value of fiat currency can fluctuate dramatically due to economic policies and global uncertainties, having tangible assets like precious metals becomes crucial. Gold and silver have historically maintained their intrinsic value even during times of economic turmoil. These assets provide a hedge against inflation, currency devaluation, and financial instability, ensuring that your wealth retains its value regardless of market conditions. By diversifying your portfolio to include precious metals, you protect your financial future and mitigate the risks associated with an unpredictable economy. Silver: The Strategic Metal on the Rise Silver is a unique and strategic metal, keeping pace with gold and often outperforming it. Since the start of the year, silver has surged by more than 20.8%, driven by its dual role as a precious metal and an industrial commodity. Silver is an essential application in electronics and solar power. As the world increasingly shifts towards green energy solutions, silver’s role in solar panels, batteries, and other high-tech industries has positioned it as a crucial component of the future economy. Silver’s rising industrial demand, coupled with limited supply and ongoing restocking needs in major markets like China and India, suggests a sustained upward trajectory for its price. ______________________________________________________________________________________________ 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 a new episode of The Gold Standard with your hostess, Jennifer Horn. In this riveting installment, Jennifer sits down with Ken Russo, SVP of Midas Gold Group, to delve into the startling news of a recent assassination attempt on presidential candidate Donald Trump in Butler, Pennsylvania. As Ken aptly puts it, “crazy times” are upon us. This episode brings to light the urgent need to return to the gold standard as a safeguard against the corruption and fraud rampant in our current monetary system. The conversation turns to the inherent issues within the fractional banking system, highlighting the alarming failures of some of the biggest banks in the country over the past few years. Ken also sheds light on a shocking development: 40 banks in China closed over the weekend, underscoring the global scale of financial instability. Tune in to hear Ken’s expert insights on protecting yourself and your assets in these unpredictable times. Revisiting the Gold Standard: A Path to Sound Monetary Policy or a Step Backwards? A return to sound monetary policy, as hinted at by Donald Trump with his advocacy for the gold standard, would mark a significant shift in the United States’ financial framework. Trump’s inclination toward this monetary policy was highlighted in a 2016 NPR report, and he reinforced this by selecting Judy Shelton, a staunch supporter of the gold standard, as an economic advisor. Shelton, who has compared the Federal Reserve’s economic planning to that of the Soviet Union, has consistently advocated for a return to the gold standard, arguing in a 2009 Wall Street Journal op-ed that such a standard would prompt people to switch to gold if they perceived the paper money to be losing value. Judy Shelton’s book, “Money Meltdown,” also promotes a unified international monetary regime based on gold to combat inflation. This approach, however, is controversial. By law, the Federal Reserve’s dual mandate is to control inflation and strive for full employment, playing a critical role in economic recovery through adaptive measures like regulating interest rates. Shelton’s desire to revert to a rules-based system where currency values are fixed opposes modern monetary practices, which aim to adjust the money supply according to economic needs. Critics argue that returning to the gold standard would restrict the central bank’s ability to respond to financial crises effectively, potentially ignoring the interconnectedness of today’s global economy and the valuable lessons learned from historical financial turmoil. The Nixon Shock: Transition to Fiat Currency and Its Long-Term Impact In April 1971, President Richard Nixon made a pivotal decision that would transform the U.S. monetary system. With mounting economic challenges, including persistent inflation and a growing trade deficit, Nixon announced that the United States would no longer convert dollars to gold at a fixed value, ending the gold standard. This move, known as the “Nixon Shock,” was initially described as a temporary measure to stabilize the economy. However, it led to the U.S. dollar becoming a total fiat currency, meaning its value was no longer tied to a physical commodity but based on government decree. According to Ken, this shift marked “a sky slope down in the purchasing power of our dollar,” as the detachment from gold allowed for more significant money supply manipulation and contributed to long-term depreciation of the currency’s value. “Fiat currency is built to fail and continually loses purchasing and buying power the more government prints it out of thin air.” —Ken Russo Physical Gold through a Self-Directed IRA In times of stock market turbulence, investors often turn to safe-haven investments like precious metals, which are believed to be superior long-term choices for retaining and growing value. Owning physical gold, in particular, offers a tangible safeguard against economic instability. One effective way to gain exposure to gold is through a self-directed Individual Retirement Account (IRA). Unlike conventional IRAs, which do not allow direct ownership of physical assets, a precious metal IRA enables you to invest in gold, silver, platinum, and palladium. As Ken Russo from Midas Gold Group emphasizes, investing in a Gold IRA is an ideal way to secure physical ownership of gold, not just paper assets like Gold ETFs. This method allows you to diversify your retirement portfolio, hedge against inflation, and protect your wealth from market volatility. Choosing a reputable custodian and precious metals dealer ensures that your investments are securely stored and managed according to IRS regulations, providing peace of mind and a solid foundation for your financial future. ______________________________________________________________________________________________ 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 compelling episode of The Gold Standard, hostess Jennifer Horn is joined by Ken Russo, SVP of the Midas Gold Group, to discuss the sobering state of our monetary system. Ken opens the discussion by highlighting a critical issue: we allow the Federal Reserve and the central bank of the United States to print money. This money is then borrowed by the government, and interest is paid on it. Ken questions, does this sound like a sustainable system? Is our current monetary framework strong enough to survive in the long run? This monetary crisis, largely influenced by the policies of the Federal Reserve, has been building up for some time. Are we on the brink of a collapse of the Federal Reserve Note? What could be the far-reaching consequences of such a collapse? The Presidential Debate: Ignoring the Elephant in the Room In the recent presidential debate, viewers were left disappointed as neither candidate addressed the elephant in the room: our national deficit. Amidst the exchange of rhetoric and policy proposals, the looming debt crisis was conspicuously absent from the discussion. This glaring omission is troubling, given the magnitude of the issue. Neither candidate acknowledged the growing debt problem that not only the United States but also the rest of the world faces. The silence on this matter is particularly striking, considering the staggering amounts owed to foreign countries, with Japan being the largest creditor. Our economic stability is intertwined with these international obligations, yet the candidates bypassed this critical topic. Unfunded Liabilities Liabilities such as Social Security funds, Medicare, Medicaid, and veteran benefits were also unmentioned. These are not just numbers on a balance sheet; they represent real obligations that must be fulfilled. The funding for these essential programs is increasingly based on printing more money—money created out of thin air and backed by nothing but confidence in our government. This unsustainable approach raises serious questions about the long-term viability of our financial system. As Ken points out, the crisis we face is not just about the numbers but the foundation of our monetary system. The lack of attention to these pressing issues during the debate underscores the urgent need for a more robust and transparent discussion on managing our nation’s finances. This episode of The Gold Standard aims to fill that gap by bringing these critical issues to the forefront, offering insights and potential solutions to a problem that cannot be ignored. The debt problem is not limited to the United States; it is a global issue, with nations like Japan holding significant portions of our debt. Yet, neither candidate addressed these critical obligations nor the unfunded liabilities such as Social Security, Medicare, Medicaid, and veteran’s benefits. These commitments are increasingly being financed by printing more money—currency backed by faith in the government’s ability to manage it. A Broken System Ken underscores that the real crisis is not just the numbers but the foundation of our monetary system. The Federal Reserve’s approach—printing excessive amounts of money and manipulating interest rates—fails to address the root cause of inflation: the devaluation of the dollar. This flawed economic model assumes that slowing economic activity is the key to combating inflation, ignoring the importance of defending the dollar’s integrity. The lack of a robust discussion on these issues during the debate highlights the urgent need to return to a more stable monetary policy, such as the gold standard, which may become necessary sooner than most anticipate. The impending collapse of the Federal Reserve Note could have far-reaching consequences, and we must address these issues head-on to ensure a sustainable economic future. GOING FULL FIAT By the late 1960s, dwindling US gold reserves led to the 1971 decision to take the dollar off the gold standard, enabling the government to incur unlimited debt, now at $35 trillion, excluding unfunded liabilities like Medicare, Social Security, and veterans’ benefits. This shift to fiat currency has also strained state and local governments, now heavily reliant on federal funds from acts like the CARES Act and the Infrastructure Investment and Jobs Act. Historically, bipartisan reforms in the 1990s addressed regulatory burdens, but today’s federal government is adept at maintaining control, with the Federal Register set to exceed 100,000 pages in 2024. This dependency and regulatory complexity underscore the urgent need for fiscal responsibility and a return to sustainable monetary policies. ______________________________________________________________________________________________ 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 are joined by a long-time client of Midas Gold Group, Joan M. They discuss the advantages of owning gold and silver and explore how these precious metals offer stability and some security during times of uncertainty. As with every episode, Ken once again channels the spirit of President Nixon as he revisits that fateful decision on a hot August night in 1971. The Nixon Shock, taking the United States off the gold standard, was a pivotal moment in our history. The Nixon Decision A series of economic measures, affectionately known as the Nixon Shock, was intended to be temporary. At least, that was the official story. The decision unpegged the dollar from gold and enabled a free-floating approach to currency, thus ending the Bretton Woods system. Nixon said he intended to resume the dollar’s convertibility to gold after reforming Bretton Woods, but that plan was abandoned in favor of a secret deal Nixon and Kissinger made with Saudi Arabia to trade oil only in dollars. Say goodbye to sound money, and hello to petrodollar. Weaponization of the Petrodollar This agreement effectively cemented the dollar’s dominance in global trade, as countries needed to hold substantial dollar reserves to purchase oil. The petrodollar paved the way for the weaponization of the US dollar as the United States leveraged its control over the global financial system to impose economic sanctions and exert geopolitical influence. The dollar became a tool of economic warfare. Countries that run afoul of US policies can find themselves cut off from the global financial network, facing restrictions that can cripple their economies. The Advantages of Owning Physical Gold One significant benefit of owning physical gold is its role in portfolio diversification. Gold has a low correlation with other asset classes, such as stocks and bonds, meaning its price movements are often independent of those markets. This can help reduce overall portfolio risk and volatility. Additionally, gold is considered a haven asset, providing stability during economic uncertainties and market turbulence. For instance, gold has increased in value by over 12% since last year, reaching record highs above $2,400 per ounce in 2024. This consistent appreciation underscores its ability to preserve wealth over time. By owning physical gold, investors can protect their assets from inflation and currency devaluation, ensuring long-term financial security. The Advantages of Owning Physical Silver Owning physical silver offers distinct advantages that make it a strategic investment. Silver has significant industrial applications. Silver is a crucial component in various industries, including electronics, solar power, and electric vehicles. Silver is used in the manufacturing of batteries, military equipment, and the production of 5G antennas, making it indispensable in modern technology. Growing sectors like solar power are fueling a good part of this demand. Other drivers include photovoltaic cells and electric vehicles. While industrial demand for silver increases, supplies are diminishing. In 2023, silver experienced a deficit of 184 million ounces, leading to a 60% price increase over the year. Silver mining has been stagnant for the past decade. It’s easy to see why many speculate about the price of silver being artificially suppressed. Keeping silver prices low benefits various industries that rely on the metal. Higher prices could negatively impact production costs and market stability. Despite these manipulations, silver has been outperforming gold since the beginning of 2024. Investors are rediscovering its value as both an inflation hedge and a critical industrial metal; a dual role that ensures continual demand for silver. Gold & Silver: Timeless Stores of Value Gold and silver have stood the test of time as reliable stores of value, enduring through the rise and fall of civilizations across the globe. For thousands of years, these precious metals have been treasured for their ability to preserve wealth and provide financial security. From ancient currencies and royal treasures to modern investments, these precious metals consistently prove their worth. In today’s uncertain economic climate, owning physical gold and silver is a hedge against inflation, currency devaluation, and market volatility. Your wealth is protected no matter what challenges arise. Nothing can replace the tangible security and historical reliability of owning precious metals like gold and silver. Whether through gold’s unparalleled stability or Silver’s dual role in industry and investment, these metals will continue to shine as symbols of enduring value and prosperity. ________________________________________________________________________________________________ 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 of The Gold Standard, Jennifer Horn sits down with Ken Russo, SVP of Midas Gold Group, to explore the compelling topic of “Political Reasons to Own Gold.” This episode offers a unique perspective, featuring an extra special guest, Joan M., a passionate client of Midas Gold Group from Los Angeles, California. Joan shares her strong opinions on the Federal Reserve Bank, delving into the controversial belief that a debt-driven system keeps citizens ensnared, with those in power profiting from the widespread financial dependence. Join us for an enlightening discussion that challenges conventional views on economics and the political landscape surrounding gold ownership. The End of the Gold Standard President Nixon’s pivotal decision to take the US dollar off the gold standard marked a significant turning point in monetary history. From that day forward, the US dollar became a fiat currency, backed by nothing except debt. The Federal Reserve note essentially became an “I owe you,” relying on trust rather than tangible assets. This bold experiment, now over fifty years in the making, has not panned out well, leading to a fragile financial system increasingly dependent on debt and susceptible to economic instability. Get Rid of the Fed Joan M. is a staunch advocate for abolishing the Federal Reserve, which she calls “The Creature of Jekyll Island,” a nod to its controversial inception in 1913. She argues that the Federal Reserve is neither a federal entity nor an actual bank but a private corporation with immense power, influencing presidential elections and global economies. Joan emphasizes that the Federal Reserve has perpetuated cycles of boom and bust, manipulating the financial system for profit while trapping citizens in a cycle of debt. She also points out the vast network of the Federal Reserve, with locations in 186 countries worldwide, overshadowing the collapse of institutions like the Bank of London. In contrast, gold and silver have consistently proven reliable stores of value. Joan passionately asserts, “The petrodollar was always fake. It was just an excuse for us to go in and steal somebody else’s oil.” She notes that recent moves by OPEC and BRICS to sideline the US dollar signal a critical shift away from fiat currencies. For Joan, the ultimate solution lies in dismantling the Federal Reserve System and returning to tangible assets like gold and silver, which have stood the test of time. GOLD IS NOT PAPER Joan M. explains why she moved from paper assets to owning physical gold. There are inherent risks and the illusion of ownership tied to paper gold products. Wall Street sponsors, US banks, and members of the London Bullion Market Association (LBMA) have created enormous volumes of gold products that aren’t gold; they are paper contracts, such as exchange-traded funds (ETFs) like GLD. The phrase “ticker symbol” is a giveaway that the product is not gold but a share of stock. While some gold might be part of the structure, you don’t own that gold—you own a share, which is digital and vulnerable to hacking or erasure. The legal structure behind these ETFs, like GLD, is a trust with gold in a vault, often in London, managed by large LBMA members such as Goldman Sachs and JPMorgan Chase. Much of the activity of these authorized participants involves arbitrage between the physical gold market and the market for GLD shares, adding another layer of risk because these paper contracts are prone to fail as there won’t be enough physical gold to cover all claims during times of stress. Paper contracts, labeled as ‘unallocated,’ offer no claim to specific physical gold. God’s Money The arguments for owning physical gold extend far beyond mere financial investment. As God’s money, gold has existed through time immemorial as a stable store of value. Whether it’s economic uncertainty or political turbulence, precious metals have stood the test of time. This episode shines a light on the inherent risks of a fiat currency system, where excessive money printing and escalating debt threaten to undermine the stability of global economies. By turning to gold, individuals can safeguard their wealth against the devaluation of paper money and protect themselves from the inevitable financial upheavals confronting all of us. ______________________________________________________________________________________________ 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, we dive deep into the mysterious and alarming topic of Operation Sandman. Join us as we uncover the intricate web of global economic developments that could shape the future of our world. To fully grasp the gravity of Operation Sandman, it’s essential to revisit a couple of pivotal moments in our economic history. First, there was the Bretton Woods Agreement, which happened in 1944 and set the stage for a new global financial order by pegging international currencies to the US dollar, which was convertible to gold. This system aimed to promote stability and rebuild economies post-World War II. Second, in 1971, President Richard Nixon ended Bretton Woods by taking the US dollar off the gold standard. This decision allowed the dollar to float freely and marked a significant shift in global economic policy. The dollar’s role as the world’s primary reserve currency offers significant advantages to Americans, primarily by helping to keep interest rates low. Foreign countries purchase United States Treasury debt not only as a secure investment but also because dollar-denominated assets are the most reliable way to hold foreign exchange reserves. This consistent demand for the dollar allows the US to borrow at lower costs, reducing interest rates for consumers and businesses. However, losing this prestigious position could have serious repercussions. If the dollar’s dominance wanes, demand for dollar-denominated assets would decrease, potentially leading to higher interest rates and increased borrowing costs. The health of the US bond market is under significant strain, mainly due to the escalating national debt, which currently exceeds $34.5 trillion, equating to about $102,562 per citizen. This massive debt burden impacts the bond market by increasing the supply of bonds, which leads to higher yields and lower bond prices. This risk is exacerbated by the national debt-to-GDP ratio, which is over 123% today compared to 35.54% in 1980 and 54.80% in 2000. As federal spending continues to outpace revenue, the bond market faces additional pressures. The projection that the debt-to-GDP ratio will exceed 150% by 2028 suggests that borrowing costs will rise further, making it harder for Washington to meet its financial obligations and lead to higher interest rates across the board. The BRICS nations, comprising Brazil, Russia, India, China, and South Africa serve as a collective force for the Global South, aiming to reshape the global economic landscape. This coalition has grown as more countries, frustrated by the perceived economic tyranny and weaponization of the US dollar, seek alternatives. The recent inclusion of other nations underscores the group’s expanding influence. One goal of BRICS is the creation of a new currency intended to facilitate international trade and reduce dependence on the US dollar. This move is seen as a strategic effort, akin to Operation Sandman, to diminish the dollar’s dominance by coordinating the dumping or selling of US Treasuries. The implications of such actions could drastically reduce demand for dollar-denominated assets, leading to significant economic shifts. Project Enbridge is a Central Bank Digital Currency (CBDC) initiative aimed at transforming international trade by moving away from dollar settlements to transactions in local digital currencies. Unlike traditional trade settled in US dollars, Project Enbridge facilitates transactions using digital currencies backed by local resources, populations, and gold, enabling participating nations to trade more efficiently and with greater sovereignty. “Think about the money you have. If you consider that as fake money, which I do, how could you possibly turn some of that into real money?” —Ken Russo As things unfold, let’s remember the definition of real money. Real money can function as a medium of exchange, a unit of account, and a store of value. Unlike fiat currencies issued by governments and have value because of legal decree, real money should ideally possess intrinsic value. Gold and silver retain their worth over time, providing financial security and stability in economic uncertainty, geopolitical strife, and monetary policy shifts. Their intrinsic value and historical significance make them trusted assets that can protect wealth across 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/ Welcome to the latest episode of The Gold Standard, the video podcast dedicated to informing you about the threats to your spending power and the strategies to safeguard your wealth through precious metals. Jennifer Horn sits down with Ken Russo to delve into one of the most pressing questions for investors: “What is the Absolute Best Way to Own Gold?” Join Jen and Ken as they explore the various methods of owning gold, weigh their pros and cons, and provide expert insights to help you make the best choice for your financial future. They also touch on the historical significance of the Nixon Shock, which transformed our gold-backed dollar into a credit dollar supported by debt. “Our gold dollar became a credit dollar backed by debt. The whole world is on a fiat system.” —Ken Russo Our Growing National Debt Crisis Our national debt has reached an unprecedented $34 trillion, a staggering figure with far-reaching implications for both the government and its citizens. As the debt-to-GDP ratio climbs, the nation’s ability to repay this debt becomes less likely. In recent years, the situation has grown increasingly dire, with quarterly debt service payments now surpassing $1 trillion. This situation, as highlighted by the Peter G. Peterson Foundation, is alarming. Unlike past periods of high debt driven by emergencies such as wars or economic crises, today’s debt surge is also fueled by an aging population, escalating healthcare costs, and an inadequate tax system. The psychological aspect of money cannot be ignored either. When there is risk in US debt, traders and investors seek security in more stable assets. The Risks of Holding onto Paper Currency Holding onto paper currency is not a good idea due to inflation and economic instability. As inflation rises, the purchasing power of paper currency diminishes. The same amount of money buys fewer goods and services over time. This devaluation erodes savings and significantly impacts your financial security. Paper currency is susceptible to geopolitical uncertainties and monetary policies that can further devalue it. Unlike tangible assets such as gold, paper money does not offer a hedge against these economic threats, making it an unreliable store of value. Why Own Gold? Owning gold is a prudent decision for several compelling reasons. First, gold serves as a robust hedge against inflation, protecting your wealth from the devaluation of currency that erodes purchasing power over time. In times of geopolitical strife and conflict, gold’s value typically rises as it is viewed as a safe-haven asset. The instability within our fractional reserve banking system, which is teetering on the brink of insolvency, underscores the importance of diversifying into gold. With 63 banks currently on the FDIC’s list of at-risk institutions, the security of traditional banking is increasingly questionable. Gold provides a stable and reliable store of value amidst these economic and geopolitical uncertainties. Various Ways to Own Gold Gold has been a cherished investment for thousands of years. There are good reasons for this. Its enduring value, rarity, and hedge against economic instability and inflation make it a reliable store of wealth. Gold options like Exchange-Traded Funds (ETFs) and mutual funds track the market price of gold, allowing investors to benefit from gold’s price movements without dealing with physical storage. Investing in gold futures and options provides leverage, but comes with higher risk and complexity. Investing in gold mining shares is another popular method, as these companies often see their stock prices rise with increasing gold prices. This approach combines exposure to gold with the potential for dividends and growth associated with successful mining operations. But it can be tricky, and you have to do your homework. Although investors have multiple options for adding gold to their portfolios, the absolute best way is to own physical gold, in the form of coins or bullion bars. Physical gold offers the tangible satisfaction of holding a valuable asset. Jennifer Horn and Ken Russo provide invaluable insights into why gold remains a steadfast investment choice amidst economic instability, inflation, and geopolitical tensions. Whether you’re new to investing in gold or looking to diversify your portfolio, The Gold Standard offers valuable insights and expert opinions to help you make informed decisions. Remember to like, comment, and subscribe to our channel for more episodes packed with financial wisdom and strategies to safeguard your financial future. ______________________________________________________________________________________________ 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, series hostess Jennifer Horn and Ken Russo, SVP of the Midas Gold Group, discuss the growing movement to reintroduce gold and silver as legal tender in the United States. Twenty-three states are driving this change. Why? For 180 years, the US thrived on a gold-based monetary system, experiencing unprecedented economic growth without the inflation issues plaguing the post-gold standard era. Since Nixon severed the dollar’s link to gold in 1971, median household incomes have been adversely impacted, and our economic stability has eroded. The Tipping Point Has Begun Central banks worldwide are purchasing gold at record levels, signaling doubts about the dollar’s long-term value. The popularity of cryptocurrencies and the debt crisis further underscore the need for a stable monetary system. A Dollar’s Worth: Then and Now Ken Russo shares a fascinating chart that vividly demonstrates the erosion of the dollar’s value and the impact of inflation over time. In 1920, a single dollar could buy you 30 chocolate bars. By 1930, it would still get you ten rolls of toilet paper; in 1940, it was enough for ten bottles of beer. However, the dollar’s value declined sharply after 1971, when the currency transitioned to a fiat system. By 1971, a dollar could only purchase a drive-in movie ticket; by 1980, one dollar could buy 17 oranges. Fast forward to 2000, and one dollar could buy just four grapefruits. By 2010, the value of one dollar had diminished even further. You could buy only two lemons. Today, shockingly, a dollar cannot buy anything. Jim Rickets’ Study on the Gold Standard Jim Rickets, author of Currency Wars, recently conducted a study on the potential reintroduction of the gold standard in the United States. The implications would be staggering if the US were to return to a gold-backed currency. Historically, US currency was backed by 40% gold, with the country’s reserves totaling approximately 8,000 tons, a figure that hasn’t been audited since the 1960s. Gold would need to be valued at an astonishing $27,000 per ounce to support the current amount of paper currency in distribution. This increase underscores the drastic measures required to stabilize the dollar. Since the gold standard was abandoned in 1971, when gold was $30 an ounce, the spot price of gold has surged to over $2,300 today. With the Federal Reserve poised to continue printing and borrowing more money, Jim Rickets warns that the dollar has an even greater distance to fall, highlighting the ongoing challenges of maintaining the currency’s value. Edward Griffin’s The Creature from Jekyll Island Edward Griffin’s The Creature from Jekyll Island delves into the secretive creation of the Federal Reserve System. In 1910, a group of the nation’s most influential bankers and financial moguls convened on Jekyll Island to draft the blueprint for the Federal Reserve Act. This clandestine meeting aimed to establish a central banking system to stabilize the economy and prevent bank failures. However, Griffin argues that this move consolidated immense power into the hands of a few elite individuals, setting the stage for future financial manipulation and crises. Today, the Federal Reserve’s influence shapes economic policy and monetary supply, often sparking debates about its transparency and economic control. Senator Thomas Massie’s Bill to Abolish the Federal Reserve Recently, Senator Thomas Massie, a Republican from Kentucky, introduced HR8421, a bill to abolish the Board of Governors of the Federal Reserve System and repeal the Federal Reserve Act. This bold move came after Massie conducted a Twitter poll, where 86% of over 115,000 voters supported ending the Fed. The proposal, known as the Federal Reserve Board Abolition Act, aims to dismantle America’s central banking system, reflecting a significant shift in sentiment towards the Federal Reserve’s role. While previous attempts to audit or reduce the Fed’s influence have failed, Massie’s initiative has garnered attention. It underscores the growing skepticism about the Federal Reserve’s control over the economy and the pursuit of alternatives to traditional banking systems. “It’s better to have gold and not need it than to need it and not have it.” —Ken Russo The question of why we can’t return to a sound money policy, such as the gold standard, remains complex and contentious. Critics argue that the flexibility of fiat currency allows for more responsive economic policy and crisis management. However, there is no substitute for the stability and trust that a gold-backed currency can provide. Gold’s enduring value protects against economic uncertainty and inflation, a tangible asset that transcends the fluctuations of fiat money. As the debate continues, the appeal of gold as a cornerstone of financial security and integrity endures, challenging the modern reliance on fiat currency and highlighting the potential benefits of a more stable monetary system. ______________________________________________________________________________________________ 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 episode of The Gold Standard with your host, Jennifer Horn, and her special guest, Ken Russo, SVP of the Midas Gold Group, discussing “The Cracks Are Showing.” As the national debt continues to climb, we’ll explore the implications for the economy, the dollar, and your investments. Ken helps us understand how we’ve come to this financial crossroads. It was a pivotal historical moment. Let’s go back to April 1971, when President Nixon made the fateful decision to take the US dollar off the gold standard. The Nixon Shock: Severing the US dollar from gold In April 1971, President Nixon decided to sever the US dollar from the gold standard to curb inflation, stabilize the dollar, and prevent a run on US gold reserves. By ending the dollar’s convertibility to gold, Nixon transitioned the US to a fiat currency system, where the value of money has no ties to physical commodities, merely the trust and confidence in the government. This decision reshaped the global economic landscape, increasing monetary policy flexibility and contributing to long-term inflation and currency devaluation. Today, we’re still feeling the effects of this pivotal moment in our history as we navigate economic instability and rising national debt, highlighting the ongoing debate about the role of gold in preserving financial stability. The US Government’s Debt Issue: A Growing Concern One of the biggest catalysts for concern in 2024 is the US Government’s staggering debt, which now exceeds $34 trillion. This incredible debt load is the annual deficit and the cumulative total of public debt, which steadily increases. The debt service—the amount of money spent every quarter to satisfy the interest payments on the debt—has crossed a monumental threshold of $1 trillion every three months. This figure will surely rise, signaling severe long-term implications. The Spending Problem Politicians continue to spend money the government doesn’t have, leading to unsustainable fiscal policies. Programs such as the 2017 Tax Cuts and Jobs Act and expansions in Medicare coverage have added trillions to the national debt. This persistent overspending and an ineffective tax system have put the country in a precarious financial situation. Monetary Policy and the Fed’s Role The Federal Reserve’s monetary policy of printing money to manage economic crises and stimulate growth has led to inflation and a devaluing dollar. This approach ignores the psychological impact on investors and global confidence, leading to higher bond yields and escalating debt service costs. Cracks in the Economy Significant cracks are showing despite assurances from politicians and mainstream media that the economy is on the upswing. Often cited as a barometer of economic health, a few dominant companies prop up the stock market. As Ken Russo points out, the stock market does not reflect the financial realities faced by everyday people. The bullish stock market is losing steam, and the underlying economic instability is becoming more apparent. Interest Payments and the Cost of Debt Interest payments on the national debt will likely surpass significant budgetary expenditures like defense spending and Medicare by 2024, signaling a looming financial crisis. Escalating debt service costs threaten the country’s financial health. The Consequences The growing national debt, unchecked spending, and ineffective monetary policies significantly threaten economic stability. As we move towards a cashless society, it’s crucial to address these issues head-on. Commercial Real Estate Losses: A Severe Impact on Banks and Investors The recent sale of Pacific Place Mall in Seattle, Washington, highlights the severe impact of commercial real estate losses on banks and investors. Valued at $271 million, the shopping center sold for just $67 million. Devaluing assets held by banks contributes to financial instability. As Ken Russo points out, commercial real estate losses like the Pacific Place Shopping Center reveal deeper economic cracks than we’re led to believe. Gold Outperforms All Other Asset Markets Gold has consistently outperformed other asset markets, proving its resilience and value as a haven. Traditionally considered the safest investment, government bonds have plummeted 45% since April 2020, contributing to the closure of several banks due to realized losses. The US debt-to-GDP ratio is approaching 130%, a critical threshold that signals potential currency or market bond crises. Over the past five years, gold has outperformed the US dollar by 45%, twenty-plus-year bonds by 57%, and the Dow Jones Industrial Average by 16%. Gold has been synonymous with wealth and stability for centuries, maintaining its value through economic turmoil and market volatility. ______________________________________________________________________________________________ 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 episode of The Gold Standard with your host, Jennifer Horn. And her guest Ken Russo, SVP of the Midas Gold Group, as they explain The Meaning of the Higher Gold Prices. Together, they explore the factors driving gold prices and what it means for investors and the economy. But first, let’s go back to April of 1971 when President Nixon severed the US dollar from gold. In April of 1971, President Nixon, driven by various economic pressures, including the need to curb inflation and stabilize the dollar, took the United States off the gold standard. By ending the dollar’s convertibility to gold, he wanted to prevent a run on the US gold reserves and give free rein to the central bank to print as much money as they’d like. This pivotal moment reshaped the global economic landscape, leading to a fiat currency system where the value of money is not tied to physical commodities. The national debt has been out of control ever since. Why the Spot Price of Gold Has Been Going Up Lately Gold is a safe haven asset, included in portfolios to protect against stock and bond losses. Any concerns about the economy or geopolitical instability cause gold prices to go up. Today, the trend is upward for the spot price of gold. The price of this asset, which was $35 in 1972, jumped to $800 in 1980. Many people are comparing the current period to that time, noting the similarities in economic uncertainty. We saw a price of $1,900 in 2011, and now, gold is up 20% from the last six months. On the date of this recording, the spot price of gold was about $2,420. Ken Russo explains that a higher gold price signifies the corruption and fraud within our country’s central banking system and monetary policy. It also indicates how other countries are losing faith in the US dollar and replacing it with gold. This trend is expected to continue and spread, especially as we move towards a cashless society. Ken shares a chart with Jennifer showing the steady upward movement of gold since 1971. Another chart shows the trajectory of the value of the US dollar, which is declining. The negative correlation between gold and the US dollar has also played a significant role. Since gold is typically priced in dollars, a weak dollar means investors pay more for the same amount of gold. The collapse of Silicon Valley Bank and other institutions in March rattled confidence in the US financial system and the dollar, boosting gold demand. Ken argues that the rate of decline is worse than the chart represents, especially when compared to the upward trend of gold. One of the biggest catalysts for Gold The Federal Reserve has been aggressively raising interest rates for over a year in its ongoing battle to bring down inflation. The latest inflation numbers suggest the Fed is making progress in getting prices under control. Additionally, an unexpected banking crisis in March tightened the credit market, helping cool the economy and slow inflation. Investors now anticipate the Fed will pause rate hikes and pivot to rate cuts sooner than previously anticipated. Gold, widely considered an alternative universal currency that earns no interest payments or other cash flows, historically has a negative correlation to interest rates. Gold as Insurance Gold is not a get-rich-quick scheme. Instead, it serves as insurance to protect your wealth and spending power against unforeseeable events. As a reliable store of value, gold provides a hedge against economic instability, geopolitical turmoil, and the devaluation of fiat currencies. By incorporating gold into your investment portfolio, you can safeguard your financial future and maintain purchasing power even during times of market volatility and uncertainty. Privacy & Security: Benefits of Owning Gold In today’s digital age, privacy and security are paramount, and owning gold offers a unique advantage in this regard. Unlike digital assets or bank accounts, gold is a tangible asset that can be privately held and securely stored without the need for intermediaries. This allows you to maintain control over your wealth, free from the risks of cyberattacks or financial surveillance. By owning gold, you ensure a level of financial privacy and security that few other investments can provide, giving you peace of mind in an increasingly uncertain world. ______________________________________________________________________________________________ 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 with your hostess, Jennifer Horn, and guest Ken Russo, SVP of Midas Gold Group. Together they tackle a pressing issue that is shaping the global economic landscape: the United States is losing its world status. In this episode, we’ll explore the implications of this shift, the factors driving it, and what it means for the US economy and your financial future. The Lasting Impact of the Nixon Shock of 1971 President Nixon’s decision in 1971 to sever the US dollar’s ties with gold marked a significant shift in global financial systems, setting the stage for various economic challenges we face today. Nixon intended to address immediate economic issues such as inflation and trade deficits; however, this move also introduced a new era of fiat currencies that lack intrinsic value causing increased volatility in international markets, persistent inflationary pressures, and complex fiscal policies that continue to challenge economies around the world. Domestically, it has allowed for more flexible monetary policy but at the cost of increasing national debt and diminishing financial discipline. The long-term effects of this pivotal decision are still unraveling today. As hostess Jennifer Horn sifts through recent headlines from FOX Business News, a troubling picture of the US economy emerges. Reports like “No End in Sight for Americans: Key Inflation Report,” and “McDonald’s June $5 Meal (for a Limited Time)” underline the growing cost of living. Meanwhile, voices like Home Depot co-founder Ken Langone take the administration to task for what they see as unrealistic economic projections. Adding to the chorus, JPMorgan’s chief underscores the urgent need to address US deficits. These stories collectively paint a vivid picture of why so many are now turning to gold. Media Echoes Economic Concerns Ken Russo emphasizes a significant global shift: more countries are opting to conduct business outside of the US dollar, signaling a potential erosion of its status as the world reserve currency. This trend is underscored by a warning from legendary Wall Street analyst Richard X Bove, who bluntly states that the US dollar is “finished as the world’s reserve currency.” With countries like China aggressively promoting the yuan and developing a digital version to facilitate international trade, the US faces formidable competition. The growing frustration with the US using the dollar as a weapon is leading many nations to seek alternative reserve currencies. BRICS Nations Forge a New Path As the BRICS nations (Brazil, Russia, India, China, and South Africa) continue to strengthen their economic and political alliances, they are poised to introduce a profound shift in the global monetary system by developing their global currency. Last year, the addition of five new members to the BRICS coalition signaled a growing frustration with the traditional dominance of the US dollar and a collective desire for greater financial independence from Western economic policies. Proposed Global Currency This initiative aims to reduce reliance on the dollar and foster more equitable international trade dynamics. By creating a shared currency, the BRICS countries are not just challenging the current global financial order but are also laying the groundwork for a more multipolar economic world. This could lead to significant changes in international trade practices, potentially reducing transaction costs and currency conversion complexities for member countries. As the BRICS nations push forward with this ambitious plan, the world watches closely to see how this strategy will reshape global economic interactions and power structures. Ken Russo brings to light the alarming acceleration of the US national debt, which now stands at a staggering $34.6 trillion. Highlighting a drastic increase from the $10 trillion mark when Obama took office in 2008, Ken points out that the rampant practice of printing money to service this ever-growing debt is tearing at the financial seams of the country. This unsustainable fiscal strategy, driven by both political decisions and Federal Reserve policies, risks severe long-term consequences for economic stability and individual financial health across the nation. Using printed money to plaster over fiscal wounds undermines the value of the dollar and sets a precarious stage: future generations will bear the brunt of these policies. The discussion sheds light on the critical need for a comprehensive overhaul of how debt management and monetary policy are handled, urging a return to more sustainable and responsible fiscal practices. ______________________________________________________________________________________________ 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 back to The Gold Standard with your host, Jennifer Horn. In this compelling episode, we sit down with Ken Russo, SVP of Midas Gold Group, to unravel a critical issue plaguing our nation: elected officials love to spend. As we delve into the consequences of unchecked governmental spending, Ken sheds light on the intricate relationship between political decisions and economic instability. Stay tuned as we transition into a pivotal historical moment—how President Nixon’s decision in 1971 set the stage for an era of relentless money printing and financial recklessness. Following the ripple effects of the Nixon Shock, Milton Friedman, a prominent economist and advocate for free markets, had much to say about the radical shift away from the gold standard. He viewed the dollar’s detachment from gold as a pivotal moment that would redefine the global economic landscape. Milton Friedman said that taking the dollar off the gold standard might increase short-term economic flexibility, leading to long-term inflationary pressures and a decrease in monetary discipline. “The US did something extraordinary. It changed the whole world’s money system, and few people even noticed.” —Milton Friedman, US economist Friedman predicted that disconnecting the dollar from gold would foster an environment where central banks would be more tempted to print money without the inherent checks and balances provided by gold backing. This lack of accountability would set a precedent for future financial policies prioritizing immediate economic stimulus over long-term stability. Ken explores how Friedman’s predictions have unfolded over the decades and what it means for our current financial climate. In a revealing moment, Ken Russo shares a clip where Jared Bernstein, a top economic advisor to President Biden, struggles to articulate a coherent answer to a fundamental question on government borrowing. His response leaves more questions than answers, casting doubt on his grasp of national finance fundamentals. This incident highlights a broader concern about the direction and clarity of the current administration’s economic policies. As we further analyze Bernstein’s perplexing statements, it’s crucial to consider the implications of advocating for growth rates below trend, which he claims would help realign the labor market and curb inflation. This approach is, as Steve Forbes puts it, “destructive nonsense,” suggesting a preference for controlling economic variables over fostering genuine growth and prosperity. Ken uses this example to question the viability of such strategies in achieving stable, long-term financial health. It makes you wonder about the expertise and intentions behind the policies shaping our economic future. Ken and Jennifer aren’t the only ones sounding the alarm. Ken talks about Jamie Dimon, the CEO of JPMorgan and one of the nation’s top bankers, expressing concerns about the debt issue in our country. With a financial acumen honed by leading the country’s largest bank through fluctuating economic times, Dimon’s concerns center on the unsustainable fiscal path of continued government overspending. He warns that without serious reforms, the US could face a scenario reminiscent of the 1970s stagflation—where slow growth and high inflation cripple the economy. This perspective comes amid rising global tensions and market instabilities, further complicating the economic outlook and underlining the urgency of addressing the federal spending habits. In this episode’s engaging “Show and Tell” segment, Ken Russo delves into the fascinating world of precious metals, showcasing an array of government bullion coins and private mint products. He highlights the iconic United States Mint’s one-ounce Silver Eagle, alongside international counterparts like the Silver Britannia, Austria’s Silver Philharmonic, and Canada’s one-ounce Silver Maple Leaf. Ken discusses the advantages of the American Silver Eagle, such as its recognition and liquidity, compared to other government-backed bullion coins, which might offer lower premiums or unique designs. Furthermore, he explores bullion products from private mints, including silver bars and rounds, offering insights into their cost-effectiveness and variety yet noting their typically lower resale value than government-issued coins. Stay informed on how our country’s financial policies impact your savings and spending power, and subscribe to The Gold Standard channel. You’ll gain valuable insights and expert analysis that can help you navigate the complexities of the economic landscape. The Gold Standard will keep you informed and help you make decisions that can protect your financial well-being. Subscribe now and be part of a community that values proactive and informed financial engagement. ______________________________________________________________________________________________ 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 The Gold Standard, where hostess Jennifer Horn and special guest Ken Russo, SVP of the Midas Gold Group, dive deep into thought-provoking questions that challenge our understanding of the world. In this episode, they explore the intriguing question, “Do you know...?” Get ready for a captivating discussion as they unravel fascinating insights, starting with a recent event that’s bound to pique your curiosity: the first FDIC-insured bank failure of 2024. Join us as we uncover more “Do you know...?” moments that will keep you informed and engaged. The Failure of Republic First Bank In a surprising turn, Pennsylvania regulators seized Republic First Bancorp, marking the first FDIC-insured bank failure of 2024. The bank’s struggles were evident in its failed attempts to secure new funds and its declining deposits, especially in mortgage lending. Despite plans to focus on consumer deposits and exit the mortgage business, Republic First faced setbacks, including withdrawing a $35 million investment deal. As a result, it was delisted from Nasdaq and ultimately seized by regulators. Fulton Bank has taken over Republic First’s branches and assets, significantly impacting the banking landscape in Pennsylvania, New York, and New Jersey. Explore the details of this financial saga in our latest episode of The Gold Standard with Jennifer Horn and Ken Russo. First Republic Bank’s Sudden Collapse in 2023 Amidst the banking turmoil of recent years, First Republic Bank stood as a beacon of stability and success, targeting wealthy clients with its innovative business model. However, this façade crumbled as the bank became the second-largest to fail in American history (Washington Mutual collapsed during the 2008 financial crisis), ultimately offloading its assets to JPMorgan Chase. The downfall came as a series of events, including soaring interest expenses and challenges navigating the relentless Federal Reserve’s interest rate hikes. As fellow banks like Silicon Valley Bank and Signature Bank faced closures and liquidity crises, First Republic struggled to maintain its footing. The rapid rise in interest rates proved fatal, causing a 41% outflow in deposits and triggering a desperate scramble for solutions from the Biden Administration. Finally, on May 1, First Republic ceased to exist, closing a 38-year chapter in banking history and underscoring vital lessons in innovation and risk management for the financial sector. Do you know what an absolute mess our financial system is in? Rampant inflation and other economic indicators fluctuate wildly, like an EKG reading of a patient in trouble. The Federal Reserve will maintain interest rates at a 23-year high to put a stranglehold on inflation. The Fed’s wrestling match highlights the complexities and challenges of a financial system addicted to debt. The Fed’s cautious approach underscores the delicate balance between stimulating growth and controlling inflation. The persistence of high interest rates reflects the Federal Reserve’s stance on combating inflationary pressures, even as market expectations shift. As investors and economists navigate this uncertain terrain, questions arise about the Fed’s next steps and the impact on borrowing costs, investments, and economic stability. “What is the only form of money that has existed and survived in its original form throughout history? And that would be gold.” — Ken Russo Do you Know the Best Way to Protect Yourself? The best way to protect your wealth can vary based on individual circumstances and goals. However, investing in assets like gold is one widely recognized form of preserving wealth. Gold has historically been a hedge against market volatility and economic uncertainties. It retains its value over time. Gold and silver can act as a store of wealth in times of financial turbulence or inflationary pressures. Many investors turn to gold to diversify their portfolios and mitigate risks associated with traditional investments like stocks or bonds. The Financial Realities Do you know that the purchasing power of the dollar is dwindling? As inflation erodes currency’s value, it’s crucial to understand the implications for your finances. Do you know that a sovereign debt crisis is quickly approaching? With mounting debt burdens globally, the stability of economies is under scrutiny. Do you know that the looming Central Bank Digital Currency, or CBDC, threatens your financial privacy? As governments explore digital currencies, concerns about surveillance and control over financial transactions arise. Join us as hostess Jennifer Horn and her guest, precious metals expert Ken Russo, take us on a tour of some of the most pressing financial realities and challenges impacting all of us. ______________________________________________________________________________________________ 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 Corruption that is being Exposed. They unravel the intricate layers of fraud and corruption hidden within our banking system, spotlighting how the price of gold serves as a stark indicator of these underlying issues. Ken Russo’s insights shed light on the vulnerabilities of our paper currency, which lacks tangible backing beyond the trust placed in government institutions. Join Jennifer and Ken as they navigate through the revelations that challenge the very foundations of our monetary system. As people awaken to the pervasive corruption within our financial systems, the rising price of gold serves as an alarm bell, echoing the underlying fraud and manipulation embedded in our monetary framework. The Federal Reserve and other central banks find themselves in a quandary as they grapple with the fundamental shifts and necessary changes required to avert economic turmoil. Despite the urgency, our central bank remains tethered to outdated economic theories, illustrating a profound disconnect between policy and reality. President Biden’s regulatory fervor adds a layer of complexity, with regulatory costs skyrocketing to unprecedented levels, imposing a staggering $1.4 trillion burden on Americans. This regulatory onslaught, coupled with a lack of clarity on tax policies, casts a shadow over economic stability and growth prospects. Gold: The Forbidden Cure The topic of a gold standard remains a forbidden fruit in economic discourse and financial policymaking circles, shrouded in a taboo that stifles critical discussions. Yet, it’s imperative to challenge this silence and reevaluate the merits of a gold-based monetary system. Unlike our current monetary framework, a gold standard acts as a bulwark against inflationary spirals, shielding economies from the devastating consequences of financial crises and excessive money creation. Money, akin to standardized weights and measurements, thrives on stability, providing a reliable yardstick for transactions and investments. Gold’s enduring value over millennia underscores its unique role as a store of wealth and a benchmark of stability. Contrary to misconceptions, a gold standard doesn’t constrain economic growth. It ensures alignment between the money supply and the value stability of the currency. History shows the prosperity and stability achieved under a gold standard, highlighting its pivotal role in fostering long-term economic growth and resilience. Don’t Gamble with Your Nest Egg Ken points out that people don’t want to gamble with safeguarding their nest egg. While traditional investments like stocks and bonds have their merits, they can be subject to market volatility and economic uncertainties. This is where gold shines as a tangible asset that has stood the test of time as a store of value. Unlike paper currency or digital assets, gold has intrinsic value and a history of retaining purchasing power, especially during times of economic turmoil. A Chilling Forecast for the US Economy Ken paints a bleak picture of the future, emphasizing all the looming challenges facing the country. He tells us how the CEO of JPMorgan Chase Jamie Dimon warns of the possibility of interest rates soaring as high as 8%. Dimon’s concerns about potential stagflation, coupled with persistent inflationary pressures and global conflicts, add to the grim outlook. He foresees potential carnage for investors, both in equities and debt, should higher-rate scenarios materialize. These warnings come amidst a backdrop of record-high stock indexes and optimistic investor sentiment, highlighting the contrast between market exuberance and underlying economic risks. As Dimon’s insights echo concerns about the broader economic landscape, his cautionary tone underscores the need for vigilance and strategic preparedness in navigating uncertain times ahead. Diversification Amid Uncertainty As concerns grow over the trajectory of the US economy and its debt burden, the international landscape reflects a shifting sentiment toward US assets. Members of the BRICS nations—Brazil, Russia, India, China, and South Africa—have notably expressed diminishing trust in US debt, opting instead to diversify their reserves by stockpiling gold. This trend signals a broader shift in global economic dynamics, where traditional perceptions of US financial stability are being reevaluated. As other countries seek alternative stores of value and hedge against potential economic uncertainties, the accumulation of gold reserves underscores the evolving nature of international finance and the cautious approach adopted by emerging economic powers. ______________________________________________________________________________________________ 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 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/