The saga of an American family centered around Kunta Kinte’s roller-coaster life through freedom and slavery made Santiago Capital’s Brent Johnson reflect on just how critical ‘roots’ are in many aspects of our lives. From anthropology and linguistics to the root of law in the US Constitution and Bill of Rights, Johnson extends the analogy to precious metal derivatives exchanges rooted in trust and explains that money is not the root of all evil. While his political taunts and Keynesian antagonism is well worth the price of admission, it is the discussion of the ‘manipulation and debasement of money’ as the root of all evil that is key as the manager explains gold’s centuries long avoidance of this Lenin- or Keynes-inspired comprehension of how governments can “confiscate wealth” and by a “process of inflation… can overturn the existing basis of society.” Gold provides the roots or solid base on which economies have grown (or individuals stored value) for all of recorded history. His conclusion is key – a tree (currency) with no roots simply cannot stand for long and the market will eventually come to the same conclusion it has for the last 5000 years as the OTC derivative bubble implodes.
3:00 Precious Metal Derivatives
4:10 Root of Today’s Economic Problems
4:50 Lenin and Keynes
5:10 Monetary Roots
6:30 Why Is This Important for Gold
7:30 How much will be needed –
- To back just 25% of the US Dollar, Gold would need to rise 50% in price
- To back 100% of the US Dollar, Gold would need to be over $10,000.
9:10 What would a military conflict do to the price of gold?
Always remember Gandhi’s dying words of the ‘roots of violence’ – “wealth without work, pleasure without conscience, commerce without morality, science without humanity, worship without sacrifice, and politics without principles.”