Turkey To Confiscate Gold & Push A Centralized Gold Standard! – Pulling An FDR

Josh Sigurdson talks with author and economic analyst John Sneisen about Turkish government’s recent push to confiscate its citizens gold and give return it with paper IOUs. The plan is to create a centrally planned gold standard, but the problem is, central planning, even with sound money like gold creates inflation and debt. Not to mention the serious infringements on civil liberties the government is committing by confiscating individuals’ gold, basically, their private life insurance in the inevitable case of a global financial crisis.

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