Aug 30, 2012
Jason Burack of Wall Street For Main Street joined us today for a discussion of the Republican Party Platform, which suggests that a gold standard should be carefully studied. The reality is that the banksters are running the show and no fundamental reform will be possible until the too big to fails have fallen into the ash can of history. The reason is simple, if there was a real gold standard and every dollar was backed up by its equivalent value in precious metals, there could be no outrageous ever expanding government debt. Therefore, there would be no need for the mega banks and their armies of traders. So forget about a gold standard being voluntarily adopted. It won't happen until there's no other choice. Which means that the market for gold and silver will continue its bullish trend for the indefinite future.