Fiat Money Is Destroying The Economy, Gold Is The Cure [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

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August 7, 2014 3:54pm NYSE:GLD NYSE:SLV

india-gold-etfThe Silver Bug: Central banks around the world continue their endless printing of fiat dollars.

The proliferation of this “funny money” is the cause of our endless boom and bust cycle.

A cycle in which the booms are becoming smaller and the busts are becoming system crippling.

No central bank in the world can take more credit than the Federal Reserve for its part in the growth of the world’s money supply, growth that has not resulted in a boom in the middle class and narrowing the wealth gap.

In fact, it’s quite the opposite.

As it stands, the standard of living of the average American has been shrinking for decades, while fiat dollars continue to accumulate in the hands of the 1%.

One voice that has made himself heard time and time again is Steve Forbes, who happens to be one of the few in the 1% who is brave enough to go against the grain and make his voice heard.

A staunch critic of the Federal Reserve, Steve Forbes sees the sickness caused by the proliferation of fiat money.

The cure?

A return to the gold standard.

In a recent interview, conducted by the Birch Gold Group, Steve Forbes discusses these topics and more.

This interview can be viewed below, enjoy.

This article is brought to your courtesy of The Silver Bug.

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