GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Thursday, August 7, 2014

John Williams of Shadowstats on GoldSeek Radio 06 Aug 2014

GoldSeek Radio's Chris Waltzek talks to John Williams of Shadowstats

Mr. Waltzek makes a valid point about import tariffs. If they are imposed it will mean foreign countries will buy less U.S. debt. It would make more sense to balance the budget so China and others can use its U.S. dollars to buy our private sector goods or invest with uninflated dollars. This would allow the comparative advantage of trade.

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