Jp Cortez - They Are Sound Money Savages (Opinion)
Summary
In this engaging interview on Silver Bullion Television (SBTV), host Patrick Vierra speaks with JP Cortez, Executive Director of the Sound Money Defense League, to discuss the accelerating movement toward sound money policies across the United States and globally. Cortez highlights the recent success of legislative efforts, such as removing taxes on precious metals and encouraging state treasurers to hold physical gold, which are helping to restore confidence in gold and silver as legal tender. He emphasizes that this resurgence isn't just limited to the U.S.; other nations are also shifting towards alternatives as confidence in the U.S. dollar declines.
Cortez dives into the broader implications of de-dollarization, the BRICS alliance, and the role that central banks play in this global monetary evolution. He explains how federal and state-level efforts to audit the Federal Reserve and increase transparency around gold reserves are critical steps for the U.S. if it hopes to maintain a stable monetary position. The interview delves into the political resistance to these changes and discusses how the outcome of these sound money initiatives could be pivotal for the future economic stability of the United States and the global financial system. For anyone interested in the interplay between politics, currency, and precious metals, this interview is a must-watch.
Timestamps
0:00: Blue-collar workers rely on pensions for retirement due to lack of social security, considering owning gold.
4:36: Efforts towards auditing the Federal Reserve and promoting sound money face challenges in federal legislation.
9:25: Global shift away from US dollar as reserve currency due to perceived misuse and weaponization.
13:59: The importance of sound money and the impact of devaluing currency on savings and society.
18:58: The downfall of the US dollar due to global actions and inflation as a monetary phenomenon.
23:48: Sound money as a check against government power abuse.
28:03: Global distrust in US dollar due to excessive politicization of money leading to potential downfall.
32:51: Risks of CBDC and government control over finances pose threats to privacy and freedom.
36:49: Innovative approaches to storing and utilizing precious metals are gaining traction in the market.
41:31: Efforts to eliminate sales tax on gold and silver in remaining states, urging Hawaii to join.
46:10: Empowering grassroots efforts for legislative success through mobilization and action alerts.
Silver Bullion TV
SBTV features interviews and analysis from experts and commentators in the precious metals industry. The channel aims to educate viewers on gold, silver, platinum, palladium and the economic/investment factors impacting these markets.
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