EVERY Fiat Currency MUST Fail – David Morgan (Dec 3, 2018)

David Morgan is the author of several precious metals investing books. Because of his particular expertise he is known in the precious metals investing world as the Silver Guru. His latest book is [easyazon_link identifier=”B01N51TQ3F” locale=”US” tag=”profitnow-20″]Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock – Wave[/easyazon_link] This book is not only about making money in Precious Metals but even more important about keeping it. He is also the author of [easyazon_link identifier=”1634431367″ locale=”US” tag=”profitnow-20″]The Silver Manifesto[/easyazon_link]

Just about every country of the world has now abandoned sound money for fiat currency. Governments and central banks keep pulling maneuvers and gimmicks out of the hat to prop up our “money supply.” Can this game go on indefinitely? Are all those predicting a financial collapse mistaken? Some countries seem to be able to see what’s coming and are making plans. China is stockpiling gold at a furious pace. It’s rumored that their stash might even exceed the US gold hoard. However, that’s hard to prove. The US government hasn’t allowed an independent audit of its gold supplies since the 1950s. China is secretive about its gold accumulation. Russia’s reportedly accumulating gold too. Is there something that these countries know that we don’t or rather our politicians and government “financial experts” chose to turn a blind eye to. Countries are increasingly searching for an alternative to the US dollar for trade. Is a gold backed currency in the world’s future?

In this video on Reluctant Preppers Precious metals and resource guru David Morgan talks about the lifespan of fiat currency. Currencies have a lifespan that leads from their life to their inevitable death. David talks about the impossibility of compound interest over long periods of time. He talks about destruction of currencies through both inflation and depression.
Second Chance

[easyazon_link identifier=”B01N51TQ3F” locale=”US” tag=”profitnow-20″]Second Chance[/easyazon_link]
[easyazon_image align=”none” height=”110″ identifier=”B01N51TQ3F” locale=”US” src=”https://preciousmetalsinvesting.com/wp-content/uploads/2018/12/514W1OAiz2L.SL110.jpg” tag=”profitnow-20″ width=”85″]
[easyazon_cta align=”none” identifier=”B01N51TQ3F” key=”small-light” locale=”US” tag=”profitnow-20″]

Silver Manifesto
[easyazon_link identifier=”1634431367″ locale=”US” tag=”profitnow-20″]The Silver Manifesto[/easyazon_link]
[easyazon_image align=”none” height=”110″ identifier=”1634431367″ locale=”US” src=”https://preciousmetalsinvesting.com/wp-content/uploads/2018/12/51xVYoeEbXL.SL110.jpg” tag=”profitnow-20″ width=”73″]
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16 thoughts on “EVERY Fiat Currency MUST Fail – David Morgan (Dec 3, 2018)”

  1. How much silver is enough is determined by how much you can carry… say half what you can dead lift.
    An effective way to evaluate the average's man strength is to look at familiar exercises that work multiple muscle groups. With this in mind, the average untrained man can squat 125 pounds, bench press 135 pounds and deadlift 155 pounds.

    Average then would be 75 lbs. divided by 16 0z. per lbs. times 2 year price average or $18 equals $21,000.00. That is not a lot of money to have saved for retirement in Fed notes, but I'm betting it will be enough in silver.
    Keep stacking till then and you can thank JP Morgan for making the price so reasonable.

  2. A long habit of not thinking a thing is wrong gives it a superficial appearance of being right. (Thomas Paine)

    The antithesis of lawful is to legalize.

    That which is lawful is principled, natural and thus self-evident, the fundamental basis for our Declaration of Independence.

    That which has been legalized is man-made also defined as fiat and not natural.

    This is why I authored this solemn conclusion; The truth is defined as the actual state of things of which can only be two states, those that are principled, self-evident and harmonious with the laws of nature and natures God. The other is the inclinations and desires of man to the contrary.

    The moral of the story…

    Silver and gold are "lawful" money. Federal Reserve notes are "legal" tender thus seen as having a superficial appearance of being right. Now what is a bitcoin? Another long habit being created by man? To resonate with a machine? Its all a game of truth or consequences.

  3. US govt can easily 'demonetize' official silver coins. They can order its withdrawal from circulation and compensate people with the face value of the coin. Most silver coins have a ridiculously low face value. You will have to bring those coins to a bank and the bank will deposit face value in your account or give you nickel/ steel coins of same face value. Very easy.This would not be deemed as consfiscation. Its similar to Indian govt. Withdrawing old notes and giving new notes in return. In fact. US govt. Cannot demonetize currency of some other country.so canadian maple is more safer in US. Indian govt was not able to demonetize foreign currencies held by indian people.david morgan is dangerously misinformed.

  4. Stop the show. Is Mr. Morgan suggesting " playing speculative games " with the gold & silver you are physically holding ??? Is this cat out of his mind, or just a game player ??? I have, I hold, end of story till the time comes when my physical holdings may save my ass . . .

  5. Look at dumps. Where are they going to bury all these hybrid auto batteries? Old solar panels? Those hybrid, and electric, auto batteries are not small!

  6. I read an old book, "The Kingdom of Maltz" by Erwin Schiff. Should be required reading for every third grader.

    Inflation. The cruelest tax of all.

  7. You really make some fantastic interviews here. I have been enjoying them more and more. Keep it up! I love the farmer guy too, he's such a rebel and I love it!

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