Michael Maloney makes a compelling case that the greatest opportunity of this generation to build and protect your wealth is here.
The rocket fuel for any bull market, and the tinder for a bear one, are the economic and political conditions of the day... And Mike shows today is like never before.
The magnitude of the potential gains become obvious when you compare today's conditions to the precious metals bull market of the 1970s. In the '70s gold rose more than 25 times its original price, and silver more than 41 times. Today there are approximately twice as many ounces of gold available for investors to buy, but globally, there are also:
18 times more people that can access, and legally buy, precious metals. 55 times more currency. 56 times more millionaires. 200 times more billionaires. 220 times more available consumer credit. 49 times greater global stock market cap. And that's just the tip of the iceberg.
While stocks, real estate, crypto, bonds, and nearly every major asset class have boomed, gold and silver have been largely ignored, and are now among the world's last, and most, undervalued assets. But a shift is underway. The coming flight to safety will be staggering... and gold and silver will be the big winners.
After accurately predicting the crisis of 2008, Mike now presents unassailable data that an even greater crisis is coming. As you turn the pages, you'll understand the enormity of it, that we have passed an economic point of no return, and that there is no avoiding it. The old 'normal' is just not coming back.
The Great Gold and Silver Rush of the 21st-Century provides a roadmap for navigating the coming economic storm. The knowledge it contains will help you protect yourself, your family, and your assets through the turbulent times ahead. Most will be devastated, many will be totally ruined, but those few who are prepared can massively increase their wealth.
Here is a case of serious reality-based analysis, something really, and I mean REALLY, not well endorsed in the current strongly biased state of society-approved, and state-vetted, approach to our economic dispensation. Maloney sets out to dispense the red pill that allows to peer into reality, and it's not pretty. He makes the argument that a crash of enormous proportions is about to get unleashed, any day now, and will be uncontrollable, and that some gold and silver accumulation should be part of the solution available to individuals when it eventual happens. he does it with clarity, flair, good sense, some humor, and lots of charts. Two of the books chapters are available exclusively online (chapters 3 and 4 of the book are placeholders for PDFs that are only available online).
This is an important book, full of brilliant insights and fantastic quotes, and one of the best, if not the best, explanation of money (and “currency”...) available in print.
Alan Greenspan, Chairman of the Federal Reserve: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.”
Jens Weidmann, President of the Bundesbank: “Central banks create money by granting commercial banks credit against collateral or by buying assets such as bonds. The financial power of a central bank is unlimited in principle; it does not have to acquire beforehand the money it lends or uses for payments, but can basically create it out of thin air.”
Bank of England (in “Money Creation in the Modern Economy”): “Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower's bank account, thereby creating new money.”
Mike Maloney: "More than $9 out of every $10 that the public uses is bank credit created by commercial banks. Bank credit currency is created whenever a business or consumer takes out a loan. Whether you take out a loan to buy a house, a car, or you buy dinner with a credit card, your bank just types brand-new bank credit currency dollars into your account. Those dollars did not exist just moments ago, but now thanks to your signature—Abracadabra... Alakazam... Hey Presto!—now they do. It’s the biggest magic trick of all…”
Robert H. Hamphill, Atlanta Federal Reserve Bank: “We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve.”
Henry Ford, founder of The Ford Motor Company: “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Ludwig Von Mises: “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
This book, like Maloney’s YouTube channel and series, Hidden Secrets of Money, is full of history of finance and banking backed by evidence. Maloney paints a picture of the future of banking and finance that are bleak for those who are not prepared and diversified, who have not learned the lessons of hubris taught by the difference between money and currency.
The book itself is beautiful with full color, supremely glossy pages. The charts look fantastic. This is a book that serves for now as a warning and lesson book, but that I believe will one day be a reference book to explain, “what happened?” to those who were not ready and did not see it coming.