The US dollar and the treasury ponzi scheme

Watch the whole 29-minute interview at http://www.goldmoney.com/vorndran-interview. Philipp Vorndran of Flossbach & von Storch and James Turk, of the GoldMoney Foundation, talk about US government debt being put on negative watch and how people and governments outside the US are reconsidering their holdings of US Treasuries and US dollars as their reserves. They talk especially about China and how the shift to precious metals has started in earnest, as investment options are limited, fixed income gives negative real returns and Real Estate is starting to slow. They talk about how the ECB and the Fed are very much in sync in their money printing strategies, with the monetary base doubling since 2008. Philipp calls out the US on the Treasury bond ponzi scheme and argues that this tag is well deserved from the moment that the Fed became the largest holder o f US debt. They talk about inflation, double digit at least, as the most likely route taken by politicians to escape the debt burden. The interview was recorded on 14 May, 2011 in Hamburg, Germany.

Category:

Education

Tags:

• James Turk
• Philipp Vorndran
• gold
• video
• gold price
• Fed
• ECB
• China
• silver

[msungs]

How I protected myself. I quit my job as a Policeman and left the US(S)A. I took 90% of my capital and took it out of the US Dollar and bought gold, silver, Swiss Francs, and a house, and some Euros and stocks. Now I will sit back and wait the collapse of the US Dollar. The biggest terrorists are the US Government and private unconstitutional Federal Reserve as ''Federal'' as Federal Express that keeps printing the ''Owe''bama buck. I will drink when the Dollar blows up.

[quadcatfly]

US is finished !

[TheSilverWatch]

Ponzi PWND by Silver Bullion !