Economics/Class Relations

The Politics of Sound Money: What’s at Stake

By Clint Siegner, Money Metals Exchange

Money Metals

An occasional critic will ask that we “stick to our lane” and limit commentary to metals and the markets. They would prefer we avoided politics. When it comes to gold and silver, that is easier said than done.

There is no separating the metals markets from the world affairs motivating people to buy physical bullion.

Good luck to a market commentator who sets out to explain the price action over the last few weeks without acknowledging the larger, unnatural forces at work. Rampant cheating, regulatory capture, and algorithmic trading have all but divorced market prices from fundamentals such as supply and demand.

Gold and silver have a very long history as honest money. And money is one of the central battlefields in the ideological war between globalist elites and those seeking limited government and personal liberty.

The globalists are preparing to roll out Central Bank Digital Currencies. If they can convince people to adopt this next evolution of fiat money, they will attain a level of information and control that prior generations of central bankers only dreamt of.

The alternative to a crooked and failing monetary system is a currency which is unprintable and beyond the control of socialists and sociopaths. Gold and silver are central to an honest money system.

Last Tuesday, West Virginia Republicans delivered an overwhelming victory to pro-sound money candidate Alex Mooney in his primary battle to retain his seat in the U.S. House of Representatives.

Representative Mooney is one of the leading voices in Congress for auditing the Federal Reserve and restraining its powers. And he has put forth legislation that would repeal discriminatory capital gains taxes on gold and silver bullion as well as comprehensively audit America’s gold for the first time in 70 years.

Our company’s leadership, like the vast majority of our clientele, has chosen a side. We are committed to sound money principles that include limited government and personal liberty.

Money Metals is located in Idaho. In “red” states, such as Idaho, the primary election is where the real choices are made.

Tomorrow a small minority of Idahoans will vote in the state primary along with voters in four other states. And many other state primaries lie just ahead.

The stakes are particularly high this year. Most Americans can feel it, but they won’t bother to vote in their primary.

We hope goldbugs will be an exception. If we don’t seize this opportunity to elect leadership with values matching our own, there may not be another.

Clint Siegner is a Director at Money Metals Exchange, the national precious metals company named 2015 “Dealer of the Year” in the United States by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals’ brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.

 

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