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Top Three Videos – October 1, 2023

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Alasdair Macleod: US Dollar Poised For Complete Collapse! Gold Paper Market Crisis Looming

As Good as Gold Australia...

Summary

Potential Collapse of the US Dollar

  • “The surge in gold prices in weakening currencies suggests that the US dollar may be poised for a complete collapse.”
  • “When a foreigner starts losing on his investments in a foreign currency, he just tries to get the hell out of it… The dollar is poised for a complete collapse.”
  • The potential collapse of the US dollar is something we should be aware of and it’s not far away.
  • The Scramble for rubles to buy oil highlights the vulnerability of the US dollar, indicating a possible complete collapse of the currency.
  • “US Dollar Poised For Complete Collapse!”

Impact on Global Financial System

  • Foreigners within the US banking system hold a staggering $32 trillion in investments and bank deposits, highlighting the potential impact of any financial crisis on a global scale.
  • “The currencies are beginning to face obvious problems, leading to the Central Banking cartels’ response and the looming crisis in the gold paper market.”
  • The Chinese government’s encouragement of its citizens to buy gold suggests their concern over the instability of the Western financial system and the potential collapse of the US dollar.
  • “The addition of six new nations to the BRICS formation, including the three largest oil producers in the world, spells the end of the Petro dollar and US dominance.”
  • The consolidation of the BRICS and Shanghai Cooperation Organization into a single mega block will make it more challenging for the West to maintain political power and hegemony, potentially leading to the reintroduction of gold backing into currencies.

Importance of Owning Gold

  • “Unless you’ve got your own precious metals, I think you’re in trouble.”
  • “There is a shortage, you have to bid up to get physical gold.” – Despite the falling paper price of gold, there is a shortage of physical gold, leading to increased bidding and a potential crisis in the gold market.
  • As the price of gold rises, it reflects the devaluation of currencies like the dollar, leading to a potential crisis in the paper markets due to a lack of physical gold to deliver.
  • “If you do not own gold, you have no understanding of history or economics.” – Alasdair Macleod
  • “Their currency in real terms is valueless… You need to own gold.” – Alasdair Macleod highlights the importance of owning gold as a hedge against a potentially collapsing US dollar.

Clarence Thomas Exposing The "Anointed" Liberal Establishment

Thomas Sowell TV...

Summary

  • Thomas highlights that he has never had difficulties with members of his own race, but rather with white liberal elites, emphasizing the importance of shared experiences in understanding one another.
  • Clarence Thomas shares a touching encounter with a supporter who questioned why they were lying about him.
  • “Here’s what they’re saying. Here’s the reality.”
  • Clarence Thomas emphasizes the importance of not repeating lies and instead, telling the truth to end their influence.
 

The Problem With "Classical Liberals"

Radio Rothbard...

Summary

The key idea of the video is that classical liberalism has been misunderstood and misrepresented, and it is important to reclaim its historical meaning and values.

Economic and Political Principles of Classical Liberalism

  • The term “liberal” originated in the 17th century and refers to those who advocate for free markets and the ability of society to function without excessive government interference.
  • The liberal tradition, from the 17th century until now, has been rooted in libertarianism, advocating for limited state power, laissez-faire economics, and skepticism towards war.
  • The core of classical liberalism has always been about things like taxation and limiting government power, contrary to the misconception that it is primarily focused on social ideas.
  • Classical liberalism offers insights on the importance of economics and should not be dismissed as a “law Albert philosophy.”
  • The idea of advocating for secession at the individual level is a radical approach to combatting the feeling of being a second-class citizen under an interventionist government that does not respect property rights.
  • It promoted economic leveling by allowing average people to create their own corporations for their businesses, rather than it being a selective privilege granted by the politically favored class.
  • The modern financial class has been able to take advantage of political connections and elevate themselves, projecting their values onto America.
  • The core of liberalism is rooted in opposition to the regime and its economic controls, advocating for individual freedoms and criticizing the government’s interference in people’s lives.

Historical Origins and Evolution of Liberalism

  • The idea of modern Classical liberalism is seen as a rejection of antiquated ties to nation, religion, and family, appealing to universally held values and reconciling through a democratic process and a Marketplace of ideas.
  • The early liberal thinkers, such as Benjamin Constant and Frederick Bastiat, played a significant role in shaping the ideology of liberalism in the late 18th and early 19th century, paving the way for later generations of libertarian thinkers.
  • The speaker argues that the true history of liberalism has been watered down and distorted by those who focus on social agendas, suggesting that it is important to understand the real roots of liberalism.
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