"If you can't hold it in your hands, you don't own it!"
As appeared on CNBC Commodities Corner on 6/21/12
Chris
Powell, secretary and treasurer of the Gold Anti-Trust Action Committee
(GATA) explains why it's important for investors to purchase physical
gold and store it in allocated storage outside the banking system.
We
conclude our three part series on the basic principles of money
originally created for Congressional staff. So that it could also be
used as a continuing educational tool this lecture was filmed and is
provided to the public.
The lecture was delivered by Peter
Schiff, CEO of Euro Pacific Capital and author of Crash Proof: How to
Profit From the Coming Economic Collapse and How an Economy Grows and
Why It Crashes. Mr. Schiff explains the fact that the interest rate is
a price and that manipulation of that price results in real changes to
the capital structure and structure of production within the economy,
causing imbalances, booms, and eventually busts in the economy. His
lecture also explores how government intervention through labor and
employment policies results in diminished employment and an overall
reduction in the standard of living.
We
continue with Part two of our three part series on the basic principles
of money originally created for Congressional staff. So that it could
also be used as a continuing educational tool this lecture was filmed
and is provided to the public.
The lecture was delivered by Edwin
Vieira, Jr., J.D., Ph.D, the author of the definitive work on
Constitutional money, Pieces of Eight: The Monetary Powers and
Disabilities of the United States Constitution. Dr. Vieira's lecture
explores the development of the American monetary system from colonial
times through the creation of the Federal Reserve System, explaining
the constitutional underpinnings of our money and the erosion of that
legal framework over 200+ years of monetary history. He also explains
his plan to return to sound money, outlining the grim ramifications of
continuing on a fiat money standard.
Texas Congressman Ron Paul sponsored this Congressional lecture on "What is Money?", part one of a three part series on the basic principles of money for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. Joseph T. Salerno, Ph.D., delivered the lecture. He is academic vice president of the Mises Institute, professor of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.