Subscribe to our channel for important financial market updates now! http://bit.ly/2t1HKOj 46 years ago today Richard Nixon ended the dollar’s link to the gold standard. During an episode of Bonanza, Nixon made a surprise announcement on network television to tell the world that the dollar was no longer redeemable for gold. Effectively, he ended any sort of backing to the world’s reserve currency. Following the collapse of the London Gold Pool and LBJ’s “Guns and Butter” programs, the investment world was redeeming their dollars in exchange for gold. So Nixon’s solution was to cut any sort of backing. He also instituted a set of price controls, really the antithesis of any sort of free market. The effects are still being felt today. Eventually after the stagflation of the 1970’s, gold and silver prices spiked in 1980. But former Federal Reserve chairman Paul Volcker raised interest rates to 20%, which settled the market and gave the U.S. Government the opportunity to correct its past behavior. Unfortunately the government has just amassed more and more debt in the decades since, and now has seemingly passed the point of no return. If Volcker had to raise interest rates to 18% back in 1980, what interest rate would it take today to undo 8 years of 0-1% interest rates today? Not to mention an additional $4 trillion of asset purchases by the Federal Reserve, as well as all of the debt (and now even stocks) that foreign central banks have been buying with their own printed money. So much of the current financial infrastructure is based on low interest rates, that raising rates even to 4-5% would like trigger a cascade of defaults. And how would the U.S. Government fit the additional interest expense into its budget? It can’t. Just like it can’t afford much of the other money that it’s been spending. Which is why Nixon’s experiment is coming to an end, likely sooner than later. My personal guess is that by the 50th anniversary the financial world looks a lot different. With gold and silver prices both multiples higher. The London Gold Pool - https://mises.org/library/losing-battle-fix-gold-35 Nixon's announcement - https://www.youtube.com/watch?v=iRzr1QU6K1o - For more help understanding the markets or to talk with Chris visit: http://arcadiaeconomics.com/ - Subscribe to Arcadia Economics Youtube Channel: http://bit.ly/2t1HKOj ... https://www.youtube.com/watch?v=OC2JBY2PRgs

#FortunaSilver Obtains Permanent Injunction for San Jose Mine Fortuna Silver got a positive ruling today regarding the permitting situation for its San Jose mine in Mexico, where there's been a dispute over the length of their permit. Fortuna had been given a 12 year extension, which SEMERNAT then claimed was a typographical error and should have only been for 2 years. Although the company was recently granted a permanent injunction which allows the mine to continue to operate under the terms of the 12-year environmental impact authorization. To find out more, click to watch this brief video now! - To read the full press release from Fortuna Silver go to: https://fortunasilver.com/investors/news/fortuna-successful-in-obtaining-permanent-injunction-for-san-jose-mine-eia-mexico/ - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) This video was sponsored by Fortuna Silver, and Arcadia Economics does receive compensation. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-fortuna-silver-mines/ ... https://www.youtube.com/watch?v=1s56xFgudC4