In this video Mike gives us his views on gold and silver in 2018 and where he sees the wealth insurance going in the near future. He also goes into the heavy manipulation of gold and silver by the banking system and the inevitable failure of the banks to continue to manipulate the precious metals markets.
Fedcoin, the potential US Government sponsored Cryptocurrency, could soon become reality. U.S. economists have different thesis pointing to the rise of Fedcoin and Guru Doug Casey has predicted that the American Federal Reserve will launch their own Cryptocurrency soon. Fedcoin will have all benefits of Cryptocurrencies allowing low cost international P2P transactions and will act just as a new modern form of cash.
Mike also digs into the concerns surrounding a global centrally planned cashless society and the plans to implement the system into the SDR at the IMF. It’s incredibly important to understand the difference between a centralized and decentralized system. The blockchain can be used to force people into servitude if centralized, but it can be used to overthrow that which forces people into servitude if decentralized.
Mike discusses bail-in regimes, the refusal of depositor’s insurance in the case of a cashless society, the excuse of convenience used by the banking system, and runs on banks. Maloney also talks about his support of cryptocurrency and how he sees the market innovating in the coming years.
Finally, Mike breaks down his thoughts on the crashing stock market and whether we’re seeing a correction now or the inevitable collapse.