Episode 3 - $15,000 Gold?

By studying history, we can see that gold has accounted for an expanding fiat currency supply many times throughout history. The last time it did this was in 1980 - the last cycle. In order to do this again, gold will need to reach a price of $15,000 per ounce. And that is only if the US stops the ridiculous deficit spending and currency creation right now. With QE2 looming, we know that is not goin to happen.

"When a government abuses it's currency supply...gold will do this." - Mike Maloney

There has never been an example of a society being able to print its way to prosperity. Ever.

"All frauds end very suddenly...it's not people going crazy for gold and silver, it's people waking up the delusion of paper money. And just like Enron was a fraud and collapsed suddenly, so too will our dollar"
- Jason Hommel

Now it's time to learn that whatever happens to the US dollar, happens to the entire world. This time...it's global. Click the arrow on the right of the video to move forward to Part 4.