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Billionaire Hugo Salinas Price: "Everything in Our Modern World is a Lie" (January 23, 2014)

Via Inteligencia Financiera Global, 1/23/2014 :

[...]

Q: Mr. Salinas, why is it important to go back to sound money (gold and silver)? You know, “modern” economist like Nouriel Roubini call gold a “barbarous relic” and others name silver the “poor-man´s gold”.

Mr. Barba, everything in our modern world is a lie. Look wherever you will, and you will find lies. Our civilization is living on borrowed time, because you cannot deal with Reality and the problem of finding sustenance for life in Fiction or Lies; you have to deal with Reality by means of Truth, and not by Lies. If we go on pretending that we can avoid Reality by means of Lies, we are going to end up in a barbarous state.

The world is attempting to live by means of the great lie of fiat money. It will not work. You deal with Reality by means of Truth; Truth is thinking that checks with Reality. Gold is money, and if we refuse to face that fact, we are lying.

Q: How and why did we get to this current global economic crisis, where debts in the world (over all in the “first world” economies) are growing up exponentially? Is there any relationship between this, public deficits and the abandonment of the gold standard?

We got to this state because our leaders – in Universities and in Politics – have wished to forget Reality and have thought that by using our brains we can get around Reality. Thus our thinkers and political leaders have been attempting to put Reality to one side and in its place, use fictitious money which can be manipulated to keep people happy.

The problem is fundamentally a moral problem. Is political power to be based on Reality, or on systematic deceit of the populations of the world? Our leaders have chosen mass deceit as their instrument of power. What they will obtain will be utter chaos and disorder, and mass impoverishment

[...]

Q: Do you think that the gold (and silver) markets could be manipulated? If so, what would be the purpose of such manipulation and could that last forever?

Of course the gold and silver markets are manipulated. You have to be either blind or a Harvard Graduate with doctorate in Economics to ignore the fact.

The purpose of the manipulation is the same as the purpose of the French Revolutionaries in attacking gold when they were printing their “Assignats” paper money like crazy; to try to suppress the indicator which showed the destruction they were carrying out with unlimited printing of fiat money. Gold tells the Truth and so it is an enemy of those who wish to deceive their populations. Paul Adolph Volcker, famous former head of the Federal Reserve of the US, once stated: “Gold is my enemy”.

Gold will triumph over paper. It always has, ever since the Chinese invented paper money many centuries ago. But in the meantime, paper money is twisting the economic facts to such a degree, that enormous distortions are taking place in the markets. Enormous investment mistakes are being made. All this will become evident in due course; a gigantic collapse is going to take place and many who think they are very wealthy will find they have next to nothing.

[...]

(emphasis mine)

Full text :

Billionaire Hugo Salinas Price: "Everything in Our Modern World is a Lie"

http://inteligenciafinancieraglobal.blogspot.mx/2014/01/bill...

...

Relayed by MoneyBags73 :


http://youtu.be/7fCrRQPCJqg



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Cyril's picture

On the French "Assignats" :

On the French "Assignats" :

https://en.wikipedia.org/wiki/Assignat#France

Assignats were paper money issued by the National Assembly in France from 1789 to 1796, during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became known as biens nationaux (“national goods”). Assignats were used to successfully retire a significant portion of the national debt as they were accepted as legitimate payment by domestic and international creditors. Certain precautions not taken concerning their excessive reissue and comingling with general currency in circulation caused hyperinflation.

Originally meant as bonds, they evolved into a currency used as legal tender. As there was no control over the amount to be printed, the value of the assignats exceeded that of the confiscated properties. This caused massive hyperinflation. In the beginning of 1792, they had lost most of their nominal value. In 1796, the Directoire issued Mandats, a currency in the form of land warrants to replace the assignats, although these too quickly failed.

This hyperinflation was stirred up by repeated food shortages. Instead of solving the financial problems, the assignats became a catalyst for (food) riots. Instability continued after the abolition of the monarchy, exacerbated by the wars France faced. This situation impeded the implementation of good financial policies that would reduce debts. Bills such as the Maximum Price Act of 1793 aimed to regulate inflation.

When the Directoire came into power in 1795 the Maximum Price Act was lifted. Hyperinflation reemerged and in the next four years Paris was the stage of yet more riots.

The inflation was finally solved by Napoleon in 1803 by introducing the franc as the new currency. By this time, the assignats were basically worthless.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

When a French tells his American friends how memory is important

When a French tells his American friends how memory is important...

... he means it.

Sincerely,

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

this is precisely why the Founders set up a Republic, and

set up a system that was based on the rule of law, and real value. Real money works, the Continental didn't. The abuses that the PTB have inflicted on the populace came through lies first, "We have to destroy the Constitution and Bill of Rights to save it." This may have started long before Lincoln, but his actions embodied the mindset precisely. Thus we have an emasculated House and Senate,(partly due to the minimizing of membership in the House, partly due to the popular election of the Senate) and an usurping Executive and Judicial branch.

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

It started out as a Republic

then was morphed into a democracy, like a magicians trick. It's so irritating to hear the politicians, media and general public refer to our government as a democracy.

deacon's picture

It didn't take a billionaire

To tell me this world we live in is based on lies
All one has to do is look,but,it is not just the money
this whole thing we call life is based on lies,but,they do have one thing in common,they are created by the same ones who create the paper money
Oh,and it isn't just in modern times,this illusion spans many generations
and lifetimes,technology makes the illusion more grand to behold,and believe
D

If we deny truth before your very eyes,then the rest of what we have to say,is of little consequence

Cyril's picture

I believe you and can relate.

I believe you and can relate.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

DJP333's picture

B....U....M.....P.....!

Such a good find Cyril! So many great lines of Truth, like this one...

But the main problem is not these power groups: the main problem is that false economic theories are supported by billions of humans who blindly accept those theories. So actually, it is the people themselves who enslave themselves.

Quite fond of the Mexican silver myself.

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different." ~CW

Cyril's picture

Yes, I know. Quite compelling.

Yes, I know. Quite compelling.

'Welcome.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Bravo Senor Price!

I'm still waiting for Mexico to issue silver pesos. This guy is ahead of the curb.

Garan's picture

Wrap your mind around this: Money is People

My view has rested on the idea (crudely said) that "Money is People".

This is not 'my' idea. It's my way of summarizing what I've been exposed to, including very similar statements.

If you accept for a moment that money only exists in an agreed exchange between individuals, much of the talk about the definition of money becomes clear. This is also and especially true for any pair of individuals performing any specific trade.

If everyone suddenly adopts the idea that something is not of value (for instance the dollar), then it no longer functions as money.

The same idea even applies to gold, if the parties involved have no use or value associated with it.

This idea also goes along with how the dollar is backed: by USA birth certificates... people.

I know it is a bit abstract to think of money as people (actually what the people believe and do), yet I find this idea makes the debates about the fundamentals of money, clear.

It has helped me avoid the pitfall of believing the world may come to an end if all the fiat paper money becomes worthless.

Try this view out for yourself and maybe you will have more clarity in arguing and sorting out all the discussions about money, and maybe you will have more faith in the future, if you have faith in yourself and with whom you associate or exchange.

Cyril's picture

I hear what you say and I agree.

I hear what you say and I agree.

True wealth is essentially in our individual health and our accumulated individual value, in skills, experiences, endeavors, success and failures, with the memory and records of those, thru time and space.

Gold has only been around for a very long time to be a practical one half of every of our fair inter-personal transactions, as socially conscious beings who only aspire to live harmoniously when they're not suffering plunder.

The lie resides in accepting to trade one form of plunder for others because some supermen claimed it would work for us.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

good interview of a great teacher, Hugo is like RP

Here's a good sequel to the last Willie interview you posted...

The problem is the control not the medium.


The focus on "paper" ignores the fact that the Romans were able to successfully debase Gold currency. They diluted it, until eventually it became almost worthless. So the medium itself (gold, silver, etc.) does not guarantee protection against corruption.

The U.S. also debased its own coin currency, separately of the Federal Reserve Monopoly. Quarters, dimes, and nickles used to be made out of real silver, but that all stopped in the mid-1960s.

So metals can be debased, just as paper can be debased.

As James Garfield said, very clearly:

"Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."

And the Rothschilds and their Central Banks own more Gold than anybody else on the planet. So do not think that a gold currency is protected from corruption, dilution, price-fixing, etc.

In fact, we see J.P. Morgan do just this each and every single day.

The best money is a Sovereign money, that the private Banksters can never create, destroy, dilute, modify, or manipulate.


Its like a irragation dam

The operator is the problem not the dam but power corrupts and the more power the more corrupt. So you always end up with power lust perverting the controllers.

No human can be trusted to control the money. Free markets is the answer. End to the Rothschild false debt central banks and end the false national debt slavery that has a grip upon humanity.

sovereign

LIke what?

In what from?

And who will control this "Sovereign money"?... Congress?

It would have to be a NON-PROFIT source.


With full transparency to the public, and subject to public redress.

If you put profiteers in control (Goldman Sachs, Rothschilds, etc.), then nothing is different than it is right now (corrupt).

Treasury

I suppose the Treasury Dept. is a non-profit. In my mind, if the gov issues money it should be tied to a metal to tie their hands from printing it willy-nilly. Others say it's not necessary and even detrimental (i.e. Ellen Brown, Bill Stills and Karl Denninger). I respectfully disagree with them.

Jeepers the dude gets it

I assumed everyone running a business in Mexico would be corrupt. (though I assume he had to bend some rules to stay around)

If you're worried about fiat money you're worried about the common man, and humanity in general. I wonder if he knows, and could list, other billionaires who actually care about humanity, as opposed to pretend to care (Gates, Soros) in order to steal even more. I will assume everyone in the top echelon is evil or they wouldn't be there. We can definitely rule out anyone with a 'social justice' or 'sustainability' foundation.

Note to those who think they care about humanity, two rules:

1) If you care about humanity, stop stealing from humanity.
2) If confused, see step 1.

There may be some on the side of evil that think the theft is ok because they will use the concentrated resources to help humanity. But they cannot possibly do that, at best they can create dependency, and at worst create privation.. which will be the inevitable result of dependency anyway.

But in stealing in the first place, in systematically violating human rights, they are treating people as animals. Livestock. You take from livestock. You trade with humans.

Stealing from humanity to help humanity is a moral, logical, and economic impossibility and contradiction.

The second they engaged in the plunder of humanity via the state, it was impossible to ever help humanity. Since, to them, we aren't human in the first place. We are livestock.

Garan's picture

Kudos for the Livestock Analogy

At times, I like to say "we are all financial livestock" in some people's views.

I would also add that the change from a population of primarily farmers and ranchers into a population not exposed to the daily manipulations performed in ranching and farming, has lead to a massive blind-spot for most people in that they don't realize they are being treated as the product of farming and ranching.

That's probably a fundamental reason why South Dakota is considered one of the most free states in the USA.

Thank you, but it's not really an analogy

It's more of a definition.

If I think you are a human and I want something from you I trade with you.
If I don't think you are a human I take from you.

No one trades with animals, not even other animals. That's what makes them animals.

In my opinion it works both ways. If you take, and don't trade, you are also an animal and deserve to be treated as such.

DJP333's picture

Only in the western

"civilized" nations do they not realize the value of gold and silver. Mexican's/Latinos, Indians, Africa's, Asians, most of the third world countries understand that paper currencies are crap and wither away and that gold and silver are valuable and tradable in the long term.

Nice zinger here, haha....

Of course the gold and silver markets are manipulated. You have to be either blind or a Harvard Graduate with doctorate in Economics to ignore the fact.

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different." ~CW

What a great read!

Great interview!

Could this Mexican be an Austrian at heart?

The world is enamored of Technology and thinks that the great triumphs of technology are sufficient for us to affirm in all confidence that technology can solve human problems. But the problem is that technology deals with the physical universe, which is subject to predictable responses.

The sphere of human action is not amenable to technology, because humans have free will, which atoms do not have. It appears that our so-called “Economists” today forget this fact.

They want to “manage” us to prosperity, forgetting that we have free-will and will inevitably frustrate their plans for us. But, they will go on attempting to “manage” us until we collapse into a new Dark Age. That is what lies ahead for humanity, unless....

You fill in the dots.

"The problem is fundamentally a moral problem.

"Is political power to be based on Reality, or on systematic deceit of the populations of the world? Our leaders have chosen mass deceit as their instrument of power. What they will obtain will be utter chaos and disorder, and mass impoverishment."

http://inteligenciafinancieraglobal.blogspot.mx/2014/01/bill...

Summed up very well:

#1. The problem is fundamentally a moral problem.

#2. Our leaders have chosen mass deceit as their instrument of power.

#3. What they will obtain will be utter chaos and disorder, and mass impoverishment.

So obvious for the most casual observer...the last point baffles me...why would "they" want that situation? The only thing I can fathom is the 'fix' will be exactly what was wanted all along.

The law cannot make a wicked person virtuous…God’s grace alone can accomplish such a thing.
Ron Paul - The Revolution

Setting a good example is a far better way to spread ideals than through force of arms. Ron Paul

Cyril's picture

He who has ears, let him hear.

He who has ears, let him hear.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

bump.

.

Cyril's picture

And he who has memory, let him use it.

And he who has memory, let him use it.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

bump.

.

Cyril's picture

"...many who think they are wealthy will find they have nothing"

"[...] and many who think they are very wealthy will find they have next to nothing."

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius