Wednesday, July 15, 2015

Banking cartels dont care about the average person

I would hold about 25% of my assets in precious metals. I don’t know whether silver will go up more or gold but the fact is simply I want to have some assets outside the banking sector. Because the banking sector is run by an academic mafia. They are the destroyers of the purchasing power of money. The professors at the federal reserve — they don’t care about ordinary people. They are not even independent. They are ruled by someone that tells them, “you do this, you do that.” And that is largely the banking cartels.

Now other countries [outside the USA] have grown dramatically, but all I can say is I would hold some precious metals because of the central banks in the world. This is not a currency war, this is an agreement among academics and professors that do not relate to life of ordinary people to print money. The purchasing power of money will continue to decline.