Gold has historically been a good store of value and is an answer to economic tyranny

Economic War Room with Kevin Freeman
763 followers
1 Video View·Mar 3, 2024
"I think it's a matter of education, and when people realize, the treasurers like myself realize, that the economic freedoms that are foundational to everything that we hold dear here in the United States are under. Read, that this is a viable option, that yes, absolutely, I think it's very much a serious, option that all of us treasurers should consider and consider very seriously because we are, under attack and our freedoms are threatened." - Marlo Oaks, Utah State Treasurer
@EconomicWarRoom
just imagine buying some gold or silver
putting it in your state having it
guarded by the state protected by the
state guaranteed by the state and then
going out and using a debit card like
this and spending gold and silver or
maybe as an employee getting paid in
gold and silver and holding your assets
there or just another way to pay just
spending a little bit of it with a debit
card and putting a little in Gold a
little in silver and a little in Federal
Reserve notes this technology exists
we've shown it and demonstrated with
Jason cousins and glint we took it to
Utah and they saw it there even even the
deputy Treasurer looked it and said wow
that makes sense so now we've got an
opportunity a state legislature who's
looked at it and said hey look the state
ought to be able to produce this and do
this and now we have a Treasurer who
says if we do it I think we can
implement it so uh treasure Oaks can you
comment on what you saw when you saw the
demonstration yeah I mean it it it's
quite remarkable that that we have the
technology that that will allow us to
buy small parts small pieces of gold you
know to getting exposure at at the
smallest levels because suddenly now
that opens up uh this uh entire
Marketplace to a whole new set of
individuals people who haven't been able
to get banking accounts for example or
or are afraid to to open a bank account
uh so much is done on a cell phone these
days and and really it's just a matter
of downloading an app now of course it
remains to be seen exactly how this is
implemented in the state but that's the
the idea is that you could have
something as simple as an app on your
phone and and buy gold that you could
then transact with and so there really
is no um limit on on who could do this
and so it really brings this uh this
whole ability to transact to everybody
in the marketplace and that I think is
really exciting because in the past you
know people would would look at gold and
and you had to kind of know what you
were doing with this you just have to
know how to operate a cell phone and
have money in a bank account and and you
could theoretically uh gain exposure to
gold and and and begin to build up uh U
Holdings and gold that you can then use
to to purchase things with it's it's
quite remarkable yeah well the problem
has been in the past if if you don't
have a large income and you don't have a
lot of savings you wouldn't put it in
gold or silver because it's very
difficult to spend it uh but this gives
economic Justice and I know talking with
you Ken about that that is one of the
things that made you most excited that
this brings uh safety and protection and
inflation Hedges down to the normal
person yeah no that's exactly right you
know it's it's this right to go out and
buy a gold coin to even know where to do
it how to do it where to get it from and
then what do I do with this if I'm going
to spend it can I cut off a piece of it
and do I have to get little flakes of
gold to get to get my change in and and
and it really makes it available Kevin
for everyone right I mean the average
hardworking person that is seeing their
paycheck just erode right out from under
them and they go to buy I mean we've all
seen it right you mentioned the ice
cream and I'm you know will work for ice
cream I've got the sign but but we've
all seen the ice cream cart carton get
smaller and smaller and it's about half
the size it used to be for the same
amount of money
well with this you you load $10 10,000
or 10 million into whatever the the
technology is it buys the same amount of
ice cream today tomorrow 10 years from
now and even a hundred years from now
you know this the same $20 gold piece
would buy the men's suit in 2020 the
same it would buy the same thing today
it it it kept its value and that's where
we protect people we allow them to
protect the value of what they earn and
save and and not have it be uh eroded
right out from under
[Music]
them
