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COMING ECONOMIC COLLAPSE GUARANTEES SOCIALISM - Egon von Greyerz - Matterhorn AM

What do you expect from government? Neither the UK nor the US are capitalist societies, they are slightly less restrictive socialist countries. The proof that the US and UK are socialist is in the money. Who owns the money? Where does it come from? It is government owned and issued, so no transaction no matter how small is a private transaction because it must be done, by law, with government paper.

Additionally, the fact that public servants are lax in performing their duties is just further proof of socialism. What incentive do the police have in getting to the crime scene quickly? What is in it for them? Do they get bonuses for better service, do they get penalties for poor performance? No. There is no market for the service, since it is provided by the state. Socialism.

Commented 1947 days ago

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Beginning of the headline :How can a small clique of gold owners holding less than 0.5% of world financial assets be right? They are clearly a minuscule minority of obstinate goldbugs and contrarians who are living in the past. Or do these people see something that the majority of investors don’t? More than 99.5% of world financial assets are invested in other things but gold. That makes gold one of the least desired asset classes on the planet. Most professional as well as private investors would never consider gold as p... Read More

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