Sleight-of-Hand Won’t Save Global Financial System!
- Sleight-of-Hand Won’t Save Global Financial System!
With continued volatility in many of the key global markets, 40 year veteran, Robert Fitzwilson wrote this exclusive piece for King World News. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States. Here are Fitzwilson’s observations: “The world’s fiat money system is based upon a sleight-of-hand, the most significant magic trick ever invented. The sleight-of-hand begins with the creation of debt, frequently issued by a sovereign entity such as a king or a nation. The debt often starts out being backed by some real asset, such as land in the French Revolution or gold in the case of the U.S. during the early stages of our Federal Reserve System.”
It is just a matter of time and simple arithmetic before this magical scheme and the sleight-of-hand are relegated to the dustbin of history. Time is running out for those who wish to protect their savings through the purchase of real assets such as energy, gold and silver.”
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