All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Thursday, February 10, 2011

Gold and Silver are the only sound money there is

James Turk, founder of GoldMoney and director of the GoldMoney Foundation, interviews Alasdair Mcleod of http://financeandeconomics.org. Alasdair who is very bearish on paper currencies calls gold and silver as the only sound money out there. Alasdair Mcleod speaks about the COMEX as well as and the huge short positions taken by central banks and bullion banks. Alasdair explains why he started his blog almost 2 years ago. His aim is to inform educated people about finance and economics, with an angle towards sound money. During the interview he looks back on his active career in the UK and how he acquired the knowledge he has.View the full 15-minutes interview at: http://goldmoney.com/macleod-turk.

Alasdair Macleod, and James Turk, Director of the GoldMoney Foundation, discuss the collapse of the Slater Walker bank in 1975 in the UK and the preceding boom-bust period. There are clear comparisons to today's dangerous situation, where governments try to control the situation with more money and credit.

Gold and Silver blog