Too much financial stimulus, a by-product of an "unrestrained" fiat cash system, will certainly produce troubles for our economy in addition to financial distortions, and also the long-lasting service is to relocate far from this system and also re-adopt a gold criterion, claimed Jan Nieuwenhuijs, gold expert at The Gold Onlooker.
" There are a great deal of financial bubbles, there are too much debt degrees, inequality is increasing, you've got ethical risks, all these negative effects of a fiat money criterion are not really what we want, and at some point we get a great deal of financial instability and also I think after that at that point we need to return to a gold standard," Nieuwenhuijs informed Kitco News.
0:00 – Why a gold requirement is needed
2:53 – How to change to a gold standard
5:08 – Frameworks of a gold criterion
6:40 – Race to the bottom with money
8:16 – Digital euro
9:35 – $10,000 gold target
10:55 – Monetary reset
11:54 – Silver supply and also need evaluation is pointless
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