In The Endgame, Gold/Silver Will Be "Unobtainium" | Phil Low

Phil Low of The Bitter Draught critiques the current financial system, calling it a Ponzi scheme that primarily benefits the elite. He argues that fiat currency and actions by the Federal Reserve lead to wealth extraction from the public, with inflation caused by policies like helicopter money devaluing currency. Low emphasizes the inevitable collapse of the fractional reserve banking system, where a bank run is likely, leaving people poor but potentially free. He suggests that while the collapse might not immediately lead to a new Ponzi scheme, understanding monetary systems is crucial for financial health, and that investments like copper could become valuable in economic crises. Finally, he warns about the erosion of savings value due to a 2% inflation target and the need for individuals to prepare for a potential currency collapse.

INTERVIEW TIMELINE:
0:00 Intro
1:17 The US dollar Ponzi Scheme
28:00 Hyperinflation & gold revaluation
36:00 Back to a gold standard?
44:40 The Bitter Draught
_____________________________
Subscribe for our FREE newsletter - #1 place for gold & silver news & commentary: http://libertyandfinance.com
_____________________________
CANADIANS CAN NOW BUY SILVER & GOLD ONLINE IN $CAD and support this channel! Go to https://mfbullion.ca, and during checkout under the dropdown selection “How did you hear of us (optional),” select: “LibertyAndFinance - Dunagun Kaiser” !

Social Media links
YouTube: https://www.youtube.com/LibertyAndFinance
Soundcloud: https://soundcloud.com/LibertyAndFinance
Google Podcasts: https://bit.ly/3gYtU8Q
Rumble: https://rumble.com/c/LibertyandFinance
Brighteon: https://www.brighteon.com/channels/dunagun
Odysee: https://odysee.com/@LibertyAndFinance
Facebook: https://www.facebook.com/LibertyAndFinance/
X: https://x.com/DunagunKaiser
Gettr: https://gettr.com/user/libertyandfinance
Gab: https://gab.com/LibertyAndFinance
Parler: https://parler.com/libertyfinance
Stitcher: https://www.stitcher.com/show/1023449
Amazon podcasts: https://amzn.to/3SLyANx
iHeart Radio: https://iheart.com/podcast/102551300/
Patreon: https://www.Patreon.com/LibertyAndFinance

Donate to Support Our Mission!
https://www.Patreon.com/LibertyAndFinance
or
https://www.paypal.me/ReluctantPreppers
_____________________________
Liberty and Finance LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Liberty and Finance website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Liberty and Finance to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Liberty and Finance LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.
The Information presented in Liberty and Finance is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS FORUM WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You understand that you are using any and all Information available on or through this forum AT YOUR OWN RISK.
Some or all of this video description and timeline has been written by AI tool: https://chatgpt.com/
All Rights Reserved.