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IPFS News Link • Gold and Silver

Gold Is the Solution for Financial Crises - Not the Cause

• Schiff Gold

Most people have a sense of history that goes back about two weeks. This is especially true in the world of investing and finance. As a result, people have a hard time seeing the big picture. For instance, a lot of people think the current inflation crisis was only due to the Fed failing to respond fast enough. As Peter Schiff pointed out, this inflation was in fact decades in the making.

And as James Anthony pointed out, the current inflation problem along with all of the big economic crises that occurred in the 20th and 21st centuries have one commonality — progressive government coupled with monetary policies run by the Federal Reserve.

These government-created crises include the Great Depression, Great Inflation I, the 2008 financial crisis and the unfolding Great Inflation II. Anthony concludes that they were all "caused and perpetuated by hyperactive Progressive government. In the past crises, holding gold would have conserved savings and provided added returns."