One of the biggest concerns gold and silver investors have is the fear that the Fed & Central Banks can keep this fiat monetary system going for a great deal of time. Fortunately, we are at the last stage of what Mike Maloney calls “The Seven Stages of Empire” explained in the second episode of “The Hidden Secrets of Money.”
I have actually watched the video three times and each time I learned something new. This video is a follow-up to their first episode “Money vs Currency.” This is a MUST WATCH VIDEO for those who are invested in the precious metals… or are considering to do so.
VIDEO LINK HERE: Episode 2: Seven Stages of Empire
The greatest enemy the precious metal investor faces is not fiat money or the banking elite, but rather the lack of critical monetary knowledge. If more people understood the fundamental reasons why gold and silver have played the leading role in the world’s monetary system over the past several thousand years, we wouldn’t be facing the largest economic collapse in the history of mankind.
Mike Maloney does an excellent job explaining how and when money first started and why it continues to go through the same cycle of “Quality money” to “Quantity currency” and back again. The screenshot from the video below explains how deficit spending and hyperinflation first began back in early days of money:
Many precious metal investors lose faith in gold and silver because it seems as if the Fed & Central Banks are able to control this fiat monetary system for quite some time. However, the opposite is the case.
In the video, “The Seven Stages of Empire”, Mike explains how history just keeps repeating itself and why countries make the same mistakes over and over again. He discusses each stage and what stage we are in currently:
One of the biggest misconceptions the American public has is that “War is good for the Economy.” I am amazed at how many people who I get in the discussion about the economy who tell me that “We need a war to get our economy healthy again.”
First of all, don’t they realize that our young men and woman are dying to create this supposed economic growth? Secondly, I find it appalling that individuals are that narrow-minded and selfish to think that people need to be sacrificed in a war so we can sell more cheeseburgers and automobiles.
To understand gold’s vital role as money, Mike explains the last 140 years of monetary history in less than 10 minutes. He takes us from the 1870’s when Germany went onto the Classical Gold Standard, then through the 1920’s-1940’s Gold Exchange Standard and finally to the current fiat monetary mess that we are in currently:
The video “Seven Stages of Empire” also contains some excellent commentary from guests such as David Morgan, Jim Rickards, James Turk and Max Keiser. Rickards does a great job explaining why gold is still the highest quality of money even though “Two generations of scholars don’t understand gold.”
I have to say, the second episode is just as good as the first… even better. I highly recommend this video as it does a great job explaining why societies and countries swing back and forth between the stages of high quality money (gold & silver) and high quantity currency (debased currency & fiat money).
The world is approaching the End-Game of its present fiat monetary system. Investors would be wise to understand the historic and fundamental reasons why gold and silver are money and excellent stores of value.
Even though the present market conditions don’t seem ideal for gold and silver, this is only a brief pause on their way to the greatest transfer of wealth in history.
Steve St. Angelo
VIDEO LINK: Episode 2: Seven Stages of Empire