The Daily Bell presents an exclusive interview with Dr. Lawrence Parks, a student of free-market economist Murray Rothbard, who has studied monetary issues for more than 30 years. He is the author of What Does Mr. Greenspan Really Think?, a book on the workings of the US monetary system. He has authored and produced more than 200 videos on topics dealing with the US monetary system.

Dr. Parks address questions on fiat currency (which he calls ‘political money’) and the fraud of our monetary system. An excerpt:

“According to the Wall Street Journal, the average allocation to United States bonds for pension plans with assets of $5 billion or more is 23.4%. So why did Modern Portfolio Theory allocate to a guaranteed loser, and ignore an allocation to the biggest winner for the past 12 years, which was gold?

The answer is that the entire Wall Street money management industry, if one could call it that, is geared toward generating fees. If the clients get a good result, that’s a happy accident.

If funds are allocated to gold, except for a possible one-time fee for acquiring the gold, the fee stream stops!

I think you can see why this kind of presentation could easily result in allocations to gold in defined benefit pension plans.

These plans currently have something on the order of $10 trillion in assets. So even a small percentage allocated to gold would not only be a signal to the rest of the world that this is a prudent thing to do; it would also greatly increase the fortunes of the gold sector, while providing added security for pensioners.

With significant gold in their pension plans, Labor would have, as they say, skin in the game. There would be, in my view, a strong self-interest in supporting HR 77, the Free Competition in Currency Act.”

Click to Read Full Article (it is quite detailed & extensive)

……read entire newsletter with 9 more articles HERE