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Joining me now is the publisher of the -- journal Gerald -- today and -- you have been.
Yeah you always have a grasp of these things regarding world banks and the currencies in the currency wars last time you were on.
You were talking about that what you're.
What's your reaction to all things.
You know people say should -- stay in the Euro zone you know you're that is Sullivan must be an irishman -- an Italian every nationality has certain characteristics.
If the Greek cypriots are into as CNN they should stay in the Europe.
They're that much I mean look what they've done today -- pleasure yeah.
I don't what they've done so -- tell you what we're gonna guarantee your money's going to be safe if you put it in the Euro Central Bank deposited bank.
But we're gonna change the game within a quality hair cut deal like that language we're gonna steal your money but but but Gerald.
We have this FDIC thing here and if you have more of -- in your bank account and FDIC insures.
And the bank goes under by by the extra money -- -- that effectively what they did well effectively what they first tried to do is.
Shift the peoples six point 5% of their dough for equality taxes and that lovely name for stealing.
And then they changed today after all the protests and look at -- -- this is you know how you know that I had been forecasting gold prices.
This is a golden story let's say you're -- Greek Cypriot and you can't get your money out of bank now published two weeks.
You wish you had some gold and silver you think you could buy what you need then the entire banking system is on the collapse this is a canary in the mine shift.
We're talking about a ten billion dollar -- what did what -- Greeks get a hot 130 billion yeah.
Now this thing and there's a lot -- to would of course you know it this is a grand Cayman Islands of the of the eastern York right.
They've they've -- the Russians park their money there and that's that's what it is but.
But it did to this -- business -- if you have a banking collapse and it starts to spread throughout the European banks and god forbid it spreads here.
What good is gold if if there's no money out what does -- really still hold its value or does everything collapsed while it.
If they get if you had -- you are Greek Cypriot right now or silver you think you can buy what you need if you go to.
You would not take it Erica you -- -- the world price -- exactly and you be able to buy what you need.
These people can't get money out of the bank and now they're letting them take out like you know.
300 dollars a week right right yes so if you had gold and silver.
Now this is why it has the historical.
Value this intrinsic value that doesn't go up and down with the winds of the Central Bank.
Gold is is this is -- is just pure that.
An intrinsic values overheads.
Again but -- If you're -- running any -- need to sell oil and -- frozen out of the banking system.
And you had Shia and novel Iran all silly the -- you give me some goal that's was going on now.
He using gold as money and -- been using gold as money to have.
Yeah the atomic the risk of being politically -- correct this is Chris -- time.
So to mention Jesus Christ -- Let's go back 2000 years ago -- this was -- cover the trends journal.
She's is driving the money's right he had a lot of haters out of the -- now here's here's from James Madison eighteen.
History records that the money changes have used every form of abuse intrigue deceit.
And violent means possible.
To maintain their control over governments by controlling money.
And it's -- nothing has changed who made up this stuff that the banks are too big to fail who made up this stuff that the banks could destroy.
Economies I'll tell you -- The money changes.
Only the names have changed so what it's just going to spread.
I believe it will.
And people ask what about the United States pay.
We had a bank holiday here in 1933.
And what did they do they force the people to sell all their goal to the government at twenty dollars and 65 cents announced right when they turned it all in when they got a goal and they -- -- the price of gold.
-- 35 dollars an ounce which means that.
You just lost 70%.
About how about other hardest part assets are you you get out of monetary -- window hard assets oil real estate golds over real estate I just what her.
I just with three.
Cologne in pre revolutionary war buildings in colonial Kingston where I live.
And -- buying him for the historic value to preserve them.
And I also believe -- the first American revolution had its roots there.
Why not go for the second -- but this one of the heart mind and spirit now bullets in line god you know.
All right so so so real estate yet because Garnett missed -- -- of gold prices go down real estate prices are going to go up.
If real estate prices go down gold prices are going to go upsets my hedge.
Justice -- speaking from my current we'll leave it on that are excellent -- great to see you thank you thank you you.
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