In this groundbreaking film, best selling author Mike Maloney (Rich Dad's Guide to Investing In Gold & Silver) explains what could very well be. make bargains to download and install guide to investing in gold silver in Gold & Silver Michael Maloney Michael Maloney. Michael Maloney is widely recognized as a leading expert on monetary history, economics, economic cycles investing, and precious metals. ANY CRYPTO COINS BACKED BY EXCHANGES
One of the frames got dropped and it was the fall of the USSR. So, I got a date wrong in there, and I just got crucified for it. It was an honest mistake. Mike Maloney: Out of all of the years that I have been doing this because the YouTube channel started in , I think.
Mike Maloney: So, for nine years, I have been making videos and stuff. There is this one accidental mistake that I just crucified over and over again for. The other one is in episode four of Hidden Secrets of Money, how currency is created. The Bank of England came out with a statement that the way that - there are three different ways that central banks create currency.
I listed one of them, which is the most popular one, which The Bundesbank had a display, which is in my episode 5 of Hidden Secrets of Money, when we toured Bundesbank Money Museum that shows how fractional reserve lending works, and it confirms exactly what I said. So, what I did to make it as simple as possible was, I picked a single way.
Basically, a bank has to have a certain percentage of reserves. I gave the Milton Friedman example, the Bundesbank example. So, on there, people are saying you are wrong. You are wrong. Because The Bank of England came out with a statement, but the Bank of England did not show the three different ways that they created it. The one that I showed is the way that most of the fractional reserve lending is created. If I had tried to show the way all three work, all it would do is just confuse everybody, the viewer.
Because what I do, is a try to take complex, boring economic things and make them simple to understand and exciting, so that the average person gets it and is intrigued and at least wants to learn it. Chris Martenson: It is damned if you do, damned if you do not. Ah, it is too simple. Mike Maloney: Right. Chris Martenson: That is too boring. It is kind of hard to - Mike Maloney: So, actually there are two things where I do get pushback in people saying that I am wrong, but actually I was not wrong.
One was a mistake. The other one on episode 4, I am not wrong. That is one of the ways that creates currency, so, anyway. All right. Once I had a professor of economics in one of my - he was a Yukon professor. He stood up and he absolutely livid, and he explained that how I am explaining how money creation worked was absolutely not how it was working, and it was very wrong for me and I was misleading people.
He was really upset. He had been teaching economics for 30 years. So, I just let him sort of vent, and then I pulled a comic book out and I said I learned it all from here. It is a comic book, but it is produced by the Federal Reserve. You can order them for yourself, but here is a free copy. Two years later, and very chagrined, and I said I did not even know that any of that was true, but it is. So, this whole idea of money creation Mike Maloney: Yeah, you know those comic books, I have got a collection of them somewhere, the comic books that the Federal Reserve produces.
Chris Martenson: Are they not great? You know? They would give them away for free, so I ordered like of them once, and I have got a box of them somewhere, but the point there for me is that - this is why what you are doing is so important because money creation, it turns out, is vital.
How it gets created is vital. If you create too much of it, bad things happen. So, it can be taught in a comic book. Chris Martenson: It really ought to be, but the number of people I have talked to who have been taught, instructed how money creation works is almost zero.
I think have had two hands go up in all of history when I ask this question, and I ask it a lot. Who was taught how money is created in the banking system in school? Mike Maloney: You know, there are a couple of college professors that have flown to events, like speaking at the Silver Summit or up the Cambridge House events in Vancouver, Canada. I have met a few different professors who have flown there to meet me and just tell me that they use Hidden Secrets of Money, to teach their students in college.
Chris Martenson: Well, that is gratifying, is it not? Mike Maloney: It certainly was. It is just phenomenal to know that it is being used to teach, and some of them, they just use to generate controversy in the students. Here is what the textbooks say. Here is what Hidden Secrets of Money says, and it is different. What do you think? Yeah, you really have to research this, and like everything in episode 4, it was all taken from the Federal Reserve's website.
Just everything in there comes right from the Federal Reserve. So, it is not like it is conspiracy theory, but I get labeled a conspiracy nut all the time. Chris Martenson: Sure. Mike Maloney: Because we deal in conspiracy fact, not conspiracy theory. It is researched. Chris Martenson: I know. It is just such a lazy way for people to sort of dismiss an idea that makes them uncomfortable and they do not want to look at. Mike Maloney: Exactly.
Chris Martenson: For those of us who want to know, I care about this. I am sort of [a] sleuth. I like to know how things actually work. I can smell BS from a mile away. It is a superpower of mine. So, I like to know the stuff, but I think it is critical. Again, to re-say this over again, if you want to know where you are going, you have to know where you are, and that means you kind of have to know where you came from. So, that is really, when we look at this - why I am super excited to talk to you today about - you released two episodes, kind of back-to-back here.
Just a fantastic thing. Where do we start with this? So, tell us about episode 9, and I am really intrigued what you found in there as some of the key factors that really led to the downfall. Mike Maloney: Well, it is history repeating over and over, and in episode 9 and 10 there is a timeline that we follow.
Aden Mackness came up with a 3D room in a building in Rome, an ancient building. There is a table with a scroll that is laid out on it and a timeline that you can look at, and we compare things that Rome did that eventually brought about the fall of their great empire, to the things that we are doing today.
Most of it is deficit spending on war, public works and social programs. Athens, years earlier, had public works and war that they were doing deficit spending on, and that caused them to - the classical period of Athens, where all those great structures were built on the Acropolis and so on.
That came to an end when they did deficit spending to fight a war with Sparta, and other monetary historians have called it debasing the currency. Mike Maloney: Athens had a working tax structure. They were doing that. So, that is basically welfare. It is just the same thing that we do with food stamps today. There was a whole bunch of programs and things that the different emperors came out with to keep the public placated, and we are doing the same things.
These things do bring about the fall of empires; but in episode 1, one of the things I touch on is wage and price controls, because that famous speech that people have seen before, where Nixon ends the Bretton Woods system and severs the connection between gold and the US Dollar. August 15 of In that same speech, he announced a day freeze on wages and prices across the US, all wages and prices. So, it is the government trying to dictate - it is one person trying to dictate what the economy is going to do, and it does not work.
We come to that part, where he is announcing it, and then Aden takes the bust of Diocletian and dissolves Nixon into this bust of Diocletian but keeps Nixon's lips moving on Diocletian's bust, and you know that the exact same words were coming out of Diocletian's mouth 1, years earlier, when he was introducing his Edict of Prices.
Right now, we are in very low inflation and the economy is actually trying to deflate, and the Federal Reserve fights this with inflation. Eventually, we are going to come back - there is going to be energy released in the opposite direction. After they are done with all this currency creation and zero interest rates and all that kind of stuff, there will eventually be a backlash.
They will have printed too much currency, and there will [be] price inflation. At that point, you can just bet, you can count on it. The politicians are going to say, well if we just tell everybody that prices and wages are not going to change, and we threaten them with jail time if they increase their prices or their wages.
They are going to try it again, and you can see it from history. It did not work - they tried it in the French Revolution also. It was called the Law of Maximum. They executed a lot of people for trying to charge a living wage or get a fair price in selling a house or a cow or the wheat that you grew. When they do these wage and price controls, the end result is - I do not know if you remember back during this period.
I remember like Walter Cronkite or Dan Rather showing these pictures, gruesome pictures of a tractor scooping up a bunch of chickens and dumping them into a dumpster, little baby chicks, because it was going to cost the chicken farmer more to raise those chicks - he was going to be selling them at a loss.
I remember milk being dumped into gullies, dirt channels. I remember peach farmers just taking trucks and dumping the peaches on the dirt roads that run between the peaches in the peach orchards, to sort of let them rot and have the peach pits pave the road, instead of having the expense of gravel.
So, wage and price control, every time they introduce them, what happens is there is either too much of something or not enough of something. It usually means empty store shelves, and that is what we had back in the '70s, when Nixon tried this, and they had to repeal it. It did not work. We are going to try it again sometime in the future.
I do not know how far that is away from us, but that, in episode 9; but episode 9 it starts the thing of taxes that are too high to pay for deficit - they take the taxes, and they would melt down the coins, expand the currency supply and spend currency that did not exist before.
That is deficit spending on war, public works and social programs, and they keep the public placated with the games. The Coliseum, where they would give away free bread and wine. So, it was bread and circus, which is the title, basically American Bread and Circus of episode They keep the public distracted, and we keep the public distracted - you know if you look at our football stadiums, it looks very much like the Coliseum.
We shot a lot of this in Rome, and then I spoke with a local business owner, a restaurant that is phenomenal - and if you ever get to Rome, please go visit Fiore Di Zucca, a little family restaurant, located in the middle of a residential neighborhood, where the owner battles the same types of things He who serves the most wins basically.
When the government stops people from serving one another, that reduces all of our prosperity. Whenever there is a regulation or a tax burden, that causes fewer transactions to happen, the entire world suffers. If you have fewer transactions, you have less prosperity.
That is it. Chris Martenson: Well, I have heard it said that the difference between now and then is that back then, if they were clipping coins, they were pushing currency straight into the system, but now we have the magic thing called debt. One of the great inventions of the modern banking era under the Rothschilds and beyond.
Mike Maloney: Yep. Chris Martenson: Figuring out how to really make debt. So, if we print a lot of money and dump it into the market today, we steal purchasing power today, but when we print a lot of debt, what we really are doing is stealing from the future. How much can history tell us about that process versus just the act of creating a ton of currency? So, you know, there used to be a term: debt slave. There was debtors prison. So, I will have to make an episode of Hidden Secrets of Money on that because if you really want to learn something, teach it.
Well, tell me this - What surprised you - Mike Maloney: You know, I want to comment on that a little bit further though before we go on to something else - Chris Martenson: Go for it. Mike Maloney: Because we have created this special group of people that are exempt from moral laws of humanity.
We have created a special set of laws for bankers and central banks that allow them to commit fraud and theft. This is just so morally bankrupt to be duped, to be creating currency, counterfeited. You want to get currency into circulation and stimulate the economy, the way you do it is you counterfeit a unit of currency and you buy something.
Once you have bought that thing, the currency is now in circulation. That is the way they do it. It is that simple. So, it is theft whenever they do this. It steals purchasing. Inflation is theft, and that inflation is caused by central banks working with the commercial banks, who get to create currency, and when you buy a house, they do not. The commercial banker does not understand that he commits fraud and theft every hour of every day, but there are laws that we have created to allow this.
It is crazy. Every time I pull a dollar out of my wallet, I just laugh. You know, you pull out a hundred-dollar bill, and here is this piece of paper. It has a picture of a dead guy on it and some numbers, and they have ruined the piece of paper. You cannot use it to make a list because they put ink all over it. We work for these things. It is insane. It is totally insane. Chris Martenson: It is. It really is. They create the illusion of that, and people get all excited, oh my God, the Nasdaq is making new highs - Mike Maloney: Right.
Chris Martenson: And look at the incredible prices for all sorts of stocks and bonds and these things, but what they really do, since you cannot print prosperity out of thin air. The central bank, they print real currency, it has real purchasing power, and everybody needs to ask the question, where did that purchasing power come from? Was it created ex filio. No, it came from somewhere and it was taken from somebody else. So, the central banks - Mike Maloney: Exactly. Chris Martenson: They are just giant redistributive organizations, they are entities that basically take from party A, give to party B.
They have decided party B is the Davos crowd mostly and governments and all that, but they are taking from everybody and transferring over here. Historically, really that process is no different, right? Mike Maloney: It is fine if you disclose it to everybody, but this is secret. It is breaking and entering.
This is robbery. It is theft. Chris Martenson: Absolutely. Chris Martenson: So, historically speaking, I mean that is the same process, essentially that is clipping, but it is a little but more complex, so it is a little bit harder to get your head around, but if you understand clipping, I think you will get the rest of this, right? You know one of the things I want to mention. You have talked about exponential growth for years.
Chris Martenson: Well, we are getting to my favorite part of episode Mike Maloney: It is one of my favorite parts, too. Mike Maloney: The little gumby men sitting on the edge of Candlestick Park, looking up at planet Earth, and you are explaining these things. It just sent chills down my spine the first time I saw it, that and the head of Diocletian with Nixon's lips moving, these things - I just went, "Oh my God," when I saw this. It really drills home the facts that these things are so important, and there is something that everybody really needs to learn, everybody.
So, what we are referring to here for people who have not seen it is, yours truly has a guest appearance in episode 10, a lot of great stars in these episodes. You will see Ron Paul, Steve Forbes, incredible people, but what Aden came up with, particularly for, is that tour around the world, showing more and more and more everything. The graphics, the images So, that is really what came to me, watching episodes 9 and 10, was that humans have this amazing ability to depart from reality.
Mike Maloney: Yeah, you would think that Japan would realize by now that Keynesian economics does not work. Chris Martenson: You would think. Mike Maloney: Thirty years, they have been trying this. It just does not work. Chris Martenson: I know, and it is going to end so badly. They have a shrinking, aging population, and they are printing more and more into that. The debt per capita is just spiking like crazy, and they have no way of bringing new people in because of their cultural - Mike Maloney: Yeah.
Chris Martenson: So, it is just going to break at some point. Mike Maloney: They have done experimental proof for all of us. They just keep on repeating the experiment, and they come up with the same absolute proof. Keynesian economics does not work. Oh well, it was because we did not try enough of it. So, you have alluded [to] this a couple times - what happens when this finally runs out of runway?
What does the end of this look like, do you think? Mike Maloney: Well, you know, I have positioned - I have tried to protect myself as best I can, and I am actually grateful for the extra time that we have been allowed because this should have been a major disaster in , but they slapped band aids on it that are a manipulation that is going to come back to haunt us. The size and scale of the manipulations that the world central banks did with the crisis of '08 is unparalleled in history.
So, you have got to take the previous examples in history, and then go times what 10? Chris Martenson: Some big number. Mike Maloney: 1,,? I do not know, but it is going to be big. I have often said that was just a speed bump on the way to the main event. There is a catastrophe coming and there - When I was writing my book, one of the things that I discovered is that every 30 to 40 years, the world had a brand-new monetary system, completely different from the last one. The classical gold standard before World War I, the interwar gold exchange standard and then Bretton Woods from to , and now the global dollar standard.
They are completely different. They way that these things work. When I was writing my book, I was researching all of these things and you could read about the different monetary systems in isolation. Nobody had put together the fact yet that the world's monetary systems change. Nobody had written like a book or an article on all of the different monetary systems together and these changes. Well, the worst designed one out of all of them is the global dollar standard. It was stable from '71 until Saddam Hussein started selling oil in euros, because it is also backed by the Petro dollar, an agreement that Saudi Arabia made, and it was actually top secret.
It was declassified in , and all the conspiracy theorists got proven correct that the US had made a deal with Saudi Arabia, to where Saudi Arabia would take all of the excess dollars that they got paid for by all of the oil that we import, and they would buy US Treasuries and that oil would only be denominated in US dollars.
So, every country on the planet that bought oil had to hold US dollars. So, it sort of kept Bretton Woods, the old system before the Global Dollar Standard had made it so that every foreign central bank had to hold US dollars, then the dollar was the currency that was still pegged to gold.
So, all currencies were pegged to gold through the US dollar, and then the Petrodollar sort of backed that up. Saddam Hussein was the first little chink in the armor of the Global Dollar Standard, and now these nails in the coffin of the Global Dollar Standard are coming to where there are multiple ones per week. It is just at an incredible rate. People do not realize how fast this is falling apart. So, now, we have got something I called the everything bubble, a couple of years ago.
Everybody is calling it that now. I also call it the Bernanke bubble, and it is going to be followed by the Bernanke bust. When the stock market crashed in , the Nasdaq bubble was a Greenspan bubble. He created it, and then we had the Greenspan bust after it. He took interest rates down, way too low, trying to get the stock markets back up. He accidentally created a real estate bubble that devastated the world, and that popped and that was another Greenspan bubble, and it was a Greenspan bust.
Bernanke was the person that was left to clean up the mess, and he created all of that currency and took interest rates way too low and held them there way too long and created what is now Bernanke bubble, or the everything except gold and silver bubble. It is the everything except gold and silver bubble. Mike Maloney: Gold and silver are tremendously undervalued right now, and I dare you to try to find another asset that is tremendously undervalued.
By all measures, everything is just in these hyper-bubbles, and real estate is not quite a hyper-bubble. It is not quite as big as and , but by all measures, it is back into a bubble. Now, we have got the bond bubble, the biggest debt bubble in the world. Those things are going to be popping. We had a stock market crash in the year , and then in , we had stocks and real estate. This crash is going to be stocks, real estate, and bonds, including a lot of sovereign debt that is going to - Sovereign debt, for anybody, that is listening that is debt issued by a country, the national bonds.
So, there are going to be corporate bonds and a whole lot of other bonds that are crashing at the same time. So, it is all of the standard financial asset classes, including safe haven classes, bonds that are going to be crashing at the time that the world monetary system is falling apart. There is going to be an emergency meeting of a bunch of like the G20 finance ministers and a bunch of economists or something like that, just like there was in in Genoa, the Genoa Conference, and that is where they came up with the gold exchange standard, just like in at the Bretton Woods Conference, when they came up with the Bretton Woods system.
Just like in , when they came up with the Washington Accord, which was a new monetary system that actually never got implemented because when Bretton Woods fell apart, it just dissolved into sort of the default. Everybody had US dollars, and so, the US dollar was just selected as the international currency. It has been to great benefit of the United States.
Every time we create a new dollar and cause inflation, it does not just dilute the dollars within the United States and more than half of the dollars reside outside the United States. So, when we cause inflation of the currency supply that is outside the United States, it steals purchasing power from other countries and transfers that purchasing power to the United States.
There is this huge area that is just a lie that they are telling us every year. So, we have got this convergence of things happening. One of things that I discovered when I was updating my book, Guide to Investing in Gold and Silver, I call it the financialization of government. I went, "Oh my God, this looks like a chart to the stock market.
So, during these pullbacks in tax revenues, deficit spending explodes, and currency creation has to explode to accommodate all of the deficit spending. We are already doing these trillion-dollar deficits, and that means when the next crisis hits, and this is going to be one hell of a crisis. What are the current tax revenues? We spend about 4. Mike Maloney: I have not checked it this month. So, I cannot keep up with it because it changes so fast.
So, you are talking, you got to get ready for multi-trillion dollar deficits. That is what is coming, multi-trillion dollar deficits. Now, at that the same time, we have got an administration that is - I don't really care who is in office because it does not seem to make that much difference.
I look at the economics, what is going on economically. Mike Maloney educational video on YouTube titled " the hidden secrets of money" is a great way to understand about money why investing in gold and silver is important Investing in gold and silver Great book for understanding gold and silver as investment.
Mike Maloney educational video on YouTube titled " the hidden secrets of money" is a great way to understand about money why investing in gold and silver is important. You learn how central banks rigs the system and how to protect yourself from their wealth theft. Surprisingly, the book doesn't recommend buying silver and gold at certain times.
It's more of a book of how to obtain wealth in general, not just obtain wealth through gold and silver. Although it does a good job of explaining that too. This book was written in , with a few update notes in each chapter for All the information in the book from holds up I learned so much from this book.
All the information in the book from holds up well in , when I read the book. I can't recommend this book enough. It really opened my mind. I was looking for diversify my portfolio but a wasn't not sure how. After reading this book , I feel more comfortable about investing in gold, now I have a ' save ' place where to put my profits.
Thanks so much for sharing you knowledge Michael P. S I also watched the youtube series he made and, i helped clarify things a lot. Very open mind This is an outstanding book. Very open mind In very easy way explain how economy system works. Mike has gift to explain people difficult thing in simple way. Unfortunately establishment care about people don't understand how monetary system works and try to make it intricate.
IRegarding to another comment: I can't agree author wrote this book for money because of simply reason, book is available for free from his website.
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When you or I write a check we have to make sure that we have enough money to cover that check. However the government does not have to have the money in the vault to back up the fiat currency they issue. Fractional reserve lending means they only keep a fraction of the money in you account. The whole currency system is imaginary and if anyone starts to question the value and doubt the fiction it is all over. The system will crumble. In the Fed started hiding critical data, the M3 money supply figure that most commentators used, claiming that it was too expensive to tabulate that data.
However since the M3 money supply is made up of components that are still produced you can go to sites like www. We are creating currency by borrowing currency into existence. By using bonds that might be up to 30 years you are borrowing prosperity out of the future. In the future banks will skim off the purchasing power from the future. The crash of bubbles is a natural market function of the market seeking to reprice to fair value. We are in the midst of a worldwide credit bubble.
There are examples of these real estate bubbles crashing around the world. But what happens when the FED and world central banks see this happen? Ever since the FED was established we have been living a lie. Every 30 to 40 years we have a new currency system. In this decade there is going to be a meeting of world leaders trying to decide what to do when the dollar crashes.
They are already meeting. Now we have the development of the investing mind set. So we have had a series of bubbles crashing as people chase one bubble after another. He decided to trust a professional financial planner to manage the investments. The results were disastrous, and for two years Mike watched the value of his family's investment portfolio plummet. So he fired the planner and began to educate himself.
He discovered that the same economic patterns, or cycles, kept repeating over and over throughout history, from ancient times to modern day. One recurring cycle, the inflation and subsequent crash of currencies, always ended the same way with the return to the safe haven of gold and silver.
From his years of studying, it became apparent to Mike that the global currency system was at a point where it was about to happen again only at an intensity that would be magnitudes greater, due to the size of our modern global economy. Several years ago, Mike met financial educator Robert Kiyosaki, author of the "Rich Dad, Poor Dad" series, and was invited to speak at one of Kiyosaki's seminars.
That experience inspired Mike to share his understanding of economic history and recurring "wealth cycles" with others, so that they, too, would have the ability to secure their wealth and their families' futures against the certain future crash of the global currency system.
He began speaking at investment seminars all over the world. After founding GoldSilver.
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