In this finale of the Hidden Secrets of Money series, Mike Maloney imparts one important lesson for us to remember.
Finance and the monetary system are the two things that will affect your entire life the most. Still, most don’t care to know.
Don’t let that be you.
The best-selling author of ‘Guide to Investing In Gold & Silver’, Mike Maloney, has just released the long-awaited Episode 7 in the ‘Hidden Secrets Of Money’ series.
It’s titled ‘Strike 3: USA’s Day Of Reckoning’ and you can watch it here for free.
VELOCITY OF CURRENCY
In this episode, Mike explains that whatever bubble you’re in, the opposite happens to what is of greatest benefit to most people.
Winston Churchill one time said, ‘the further you look back into the past the further you can see into the future’. In this episode, Mike revisits what happened in Germany leading up to and after World War I.
He explains the concept of ‘velocity of currency’ simply – so you can understand what this has to do with potential hyper-inflation – which is on it’s way.
THE CASE OF VENEZUELA
Right now, Venezuela is in chaos. Inflation in 2015 was 181% according to Trading Economics (compare that to Australia around 2%).
If not sure what that means, I’ve seen reports that some locals have resorted to killing dogs and cats in the street for food – and on one occasion when the government opened the border to neighbouring Colombia for the weekend, an estimated 200,000 people crossed in search of food.
IMF figures I’ve seen show 2016 figures around 500% and predicted to go to 2000% within the next year. The Venezuelan economy is out of control and collapsing by the day and it will likely soon spread.
A WARNING
According to Jim Rickards, best-selling author of Currency Wars, ‘We’ve had two warnings. One in 1998, one in 2008 and next time it’s strike three – it’ll be game over’.
Simply put, the U.S. and most Western societies owe more than they can pay, therefore they will default either honestly or dishonestly. The longer this goes on, the bigger the collapse is going to be.
‘The big lesson’, says Mike Maloney, ‘is that the people who owned gold and silver instead of the national currency came out relatively unscathed or even made huge gains in their purchasing power.’
To Your Success.
PS. May I suggest you forward this article to everyone you know and care about. Also, post it on Facebook for others to discover the truth. And if you have children, teach them about money and history today.
Watch the entire Hidden Secrets of Money Series here.
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