Central Banks Are Purchasing Large Amounts Of Assets! WHY? – Steve St. Angelo Interview

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from CrushTheStreet:

2 COMMENTS

  1. Thomas Jefferson ,
    Quotation: “If the American people ever allow ((( private banks ))) to control the issue of their currency, first by inflation, then by deflation, the ((( banks and corporations ))) that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…. I believe that
    ((( banking institutions ))) are more dangerous to our liberties than standing armies…. The issuing power should be taken from the ((( banks ))) and restored to the people, to whom it properly belongs.”

  2. And stackers are converting some of their local fiat currency into hard metal assets as we speak. The governments of China and Russia are doing the same. These are neither stupid nor foolish people. They know what is REAL wealth and what is not. Colored paper that is printed to extreme out of thin air is not money… but it is currency and can be used as if it was money… for a while.
    The problem with fiat currency is that while it is printed out of thin air at very low cost, it has virtually no intrinsic value. It is worth something because governments and central banks say it is. They are the same people who say what this currency is worth. So, when it is convenient for them, they can and probably will say that it is worth less than it was (devaluation) or say that it is worth nothing at all.

    If one has their entire life savings in such a financial vehicle, they are just asking to be screwed… and they will be because there are people in this world who are just looking for others to abuse and from whom they can profit. The entire debt paper Ponzi scheme is geared to this very purpose. But those who put at least part of their wealth into non-paper assets will be much better off when the SHTF than will be those who have not diversified out of paper and into real assets.

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