J.P. Morgan told us that, “Gold is money, everything else is credit”, a statement that echoes and resonates through time from Aristotle to Ron Paul.
All too many all too often ignore this simple truth. The results are always the same, a perpetual cycle of debt and failure making the five most expensive words in history, “this time it is different”.
Wondering where we are in the current cycle of debt? Our friend Claudio Grass of Global Gold sent us this excellent and concise 23 minute overview of where we are and what we can do about it.