Crescendo
blog.milesfranklin.com / By Andrew Hoffman / September 30th, 2014
Last night, I was honored to receive an email from Hugo Salinas Price, the self-made Mexican billionaire who along with being a staunch GATA supporter has lobbied for decades to re-monetize silver. A more amiable man one cannot meet, particularly given his wealth and status. His wisdom is otherworldly, but the most notable aspect of the email was that when it comes to the Cartel’s most vicious attacks to date, his frustration like fellow billionaire Eric Sprott, is no less obvious than mine. Together, we are watching a mere handful of corrupt politicians and bankers armed with unfettered printing presses and financial weapons of mass destruction attempt to destroy the world’s masses for their own benefit. Of course, he sagely concluded “this too shall pass,” mirroring yesterday’s comments from the great Richard Russell…
In its battle to make its fiat currency the only legal currency, the Fed has adopted a strategy of denouncing the precious metals. But ultimately the truth will win out, and the fiat dollar will join all the other dead fiat currencies that have become footnotes in economic history. Remember, every currency that has left the gold standard has died. Without the backing of gold, no currency has survived, and there are no exceptions. Sooner or later, a new world reserve currency will be adopted. It will be at least partly backed by gold.
-King World News, September 30, 2014
