Sunday, August 8, 2010

Economic commentary, from an unlikely source

Here is some astute commentary from an unlikely source:
http://www.youtube.com/watch?v=nNtIsSWVJBI

Aaron Krowne described the video this way (and I agree with him):
"An elegant video articulating how paper money is an extreme hazard to common people today, and showing the practical advantages of gold and silver substitutes. The interview with the muslim gentleman starting around 55 seconds is great. If only more Americans had his basic insights about money and savings and the hazards of a 'normal' fiat banking account. It is ironic hearing someone like this, so far removed from our 'leader of the free world democracy', so powerfully articulate basic facts about freedom and economic justice (when most Americans cannot)."

People are smart enough to figure this stuff out. Why do governments keep watering down the currency? Better yet, why do we let them?

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