Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge.
Can we save the dollar before central banking kills it?
Yes. It’s surprisingly easy. And, as you might expect, it involves gold.
As federal deficits hit 8% of gross domestic product—unprecedented in peacetime—and our national debt hits $35 trillion—unprecedented in the history of man—even the central bankers realize that this isn’t sustainable.
That we are coming to the day our paper money utopia crumbles.
Historically, from Song Dynasty China to Weimar Germany, when paper dies we return to hard money. Because hard money is the only way to finally kill the money printer.
Happily, we can actually do this without the crash.
The other day Fox Business financial journalist Charles Payne sent me a quote by 1970s Federal Reserve Chair Paul…
