In a recent interview, Dr. Ron Paul engages with Jp Cortez, Executive Director of the Sound Money Defense League, the national public policy project of Money Metals which seeks to remonetize gold and silver, primarily by removing taxation around the sale, use, and purchase of the assets.
Dr. Paul and Cortez explore the historical context of the U.S. dollar, particularly the tragic shift away from the gold standard during Nixon's administration, and the resulting inflationary pressures that have followed.
They advocate for gold as a stable asset and emphasize the need for a private monetary system grounded in physical assets. This approach would help shield the economy from the detrimental effects of government money printing, runaway spending, and currency debasement.
Dr. Paul and Cortez discussed the growing distrust in fiat currency, noting how BRICS nations and various U.S. states are adopting measures to hedge against dollar depreciation by turning to gold and other tangible assets.
A central theme of the discussion is the necessity of public education regarding the intricate relationship between inflation and government policies.
Cortez frames inflation not only as an economic challenge but also as a moral issue stemming from irresponsible monetary practices. He highlights his group’s commitment to empowering individuals through education and advocacy, equipping them with the tools to promote sound money policies within their states.
With the support of Money Metals and its massive customer base, the Sound Money Defense League is able to generate high-impact grassroots support during key moments and crucial votes.
The conversation concludes with a call to action for viewers, encouraging them to actively engage in legislative advocacy and support sound money initiatives, reinforcing the Money Metals’ overarching mission to restore financial integrity and protect citizens' wealth from the erosive effects of inflation.
Outline of Topics Discussed:
- Historical Context of the U.S. Dollar
Dr. Paul and Jp explore the shift away from the gold standard under Nixon and how this move initiated a trajectory of inflation that has impacted the economy over the decades.
- Value of Gold as a Stable Asset
The conversation highlights the importance of gold as a reliable store of value, advocating for a private monetary system backed by physical assets to protect against government-induced devaluation.
- Distrust in Fiat Currency
They discuss the growing skepticism surrounding fiat currencies, particularly in the context of international trends, including BRICS nations and U.S. states seeking alternatives to the dollar through gold initiatives.
- Educational Initiatives on Inflation
A significant emphasis is placed on the need for public education about the relationship between inflation and government policies, framing inflation as a moral issue related to fiscal irresponsibility.
- Call to Action for Legislative Advocacy
Cortez encourages viewers to actively engage in legislative efforts to promote sound money policies, underscoring the importance of grassroots advocacy in restoring financial integrity.
Image credit: Gage Skidmore/Flickr
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