End Of The Fiat System - "Change Coming All At Once" | Robert Kientz
A Great Depression-style collapse is coming, says Robert Kientz of Gold Silver Pros. Negative real interest rates have created asset prices that are disconnected from reality. "There are actually real natural limits to the economy," he points out, "The systems we have are basically overburdened."
"Not only is it going to be a depression, it's going to be the end of this fiat monetary system," he says, "so there is a lot of change coming all at once that people need to be prepared for." While gold and silver are falling today, they have risen over the long term, Kientz notes. he sees gold and silver as protection against a currency crisis.
0:00 Intro
0:56 Gold/silver dip
1:54 Physical market
3:41 Paper market
5:37 New exchanges
7:44 Local exchanges
11:08 Breaking of markets
13:12 Recession
16:28 Inflation
17:42 Currency crisis
19:25 Preparedness
20:32 Gold Silver Pros
20:50 Miles Franklin
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