David Morgan: Gold - The Monetary Hitching Post of the Universe
David Morgan: Gold - The Monetary Hitching Post of the Universe
Palisades Gold Radio: 12-6-2024
Tom Bodrovics, welcomes back David Morgan, founder of The Morgan Report, for a discussion centered around their recent interviews with Dr. Judy Shelton.
They highlight her advocacy for the moral obligation of money and her belief in an honest monetary system that fosters freedom and stability.
Morgan believes these views align with his life's work. The conversation touches upon potential solutions for imposing monetary discipline on the government, including the idea of long-term gold bonds and a bimetallic standard consisting of both gold and silver.
The benefits of a bimetallic system include regulation of inflation, but its practicality is questioned due to the current market values of gold and silver.
Morgan also discusses the role of the Federal Reserve in the US monetary system, suggesting that commercial banks create most of the money through loans and advocating for the Treasury to manage monetary policy according to the Constitution.
He expresses skepticism towards Central Bank Digital Currencies due to concerns over privacy and potential loss of control by individuals.
David Morgan shares his long-term perspective on investing in silver, emphasizing its importance as a form of financial security and potential return to being a monetary asset.
He also discusses the industrial uses of platinum and palladium and expresses his bullish sentiment towards these metals.
In conclusion, Morgan advocates for self-reliance, fundamental human values, and focuses on the human spirit despite skepticism towards politics.
David Morgan is working on a documentary called "Silver Sunrise" that explores the monetary system, stress, fear, and control related to money, featuring interviews from renowned figures like G. Edwin Griffin, Ron Paul, Ellen Brown, and Mark Passio, set for release early next year.
Time Stamp References:
0:00 - Introduction
0:30 - Dr. Judy Shelton
6:47 - Silver Standard?
10:07 - Fed's Role & Ron Paul
13:48 - CBDC Concerns
16:35 - Trumps Cabinet Picks
22:54 - Silver Expectations
25:48 - China, Russia, & India
29:06 - Platinum & Palladium
31:07 - Sentiment in Metals
33:42 - Silver Sunrise Documentary
38:15 - Holiday Wrap Up