Hi all,
My freind Volker has asked Mr. Turk some questions about GoldMoney. Mr. Turk was here in Germany for the second precious metal fair in Munich. But now the interview
:
V.R.: In your book you are claiming that fiat money will collapse. So lots of people in Germany think they should buy gold, because otherwise they would have no money at all. What are the real problems of fiat money, why will this system collapse?
J.T.: Its inevitable that the fiat money system will collapse because there is no discipline at politicians and central bankers at the money creation process. There is no more discipline and there has not been any since the gold standard ended. They just create too many units of currency, too many dollars, too many of whatever and so the purchase power of their currencies gets destroyed. [The rest is on Silver4india.com]
Best regards from Germany
Cheers
HORSTWALTER
PS: Im HORSTWALTER of the Forum from Goldseiten and founder of the German Precious Metal Society.
My freind Volker has asked Mr. Turk some questions about GoldMoney. Mr. Turk was here in Germany for the second precious metal fair in Munich. But now the interview
:V.R.: In your book you are claiming that fiat money will collapse. So lots of people in Germany think they should buy gold, because otherwise they would have no money at all. What are the real problems of fiat money, why will this system collapse?
J.T.: Its inevitable that the fiat money system will collapse because there is no discipline at politicians and central bankers at the money creation process. There is no more discipline and there has not been any since the gold standard ended. They just create too many units of currency, too many dollars, too many of whatever and so the purchase power of their currencies gets destroyed. [The rest is on Silver4india.com]
Best regards from Germany
Cheers
HORSTWALTER
PS: Im HORSTWALTER of the Forum from Goldseiten and founder of the German Precious Metal Society.
