SoT Ep 34 – Claudio Grass: Gold, Greece And The War On Cash

There is a trend, we can see a clear opposition is growing, we have more people moving toward our point of view than the Statists’ views. At the end of the day, how much worse does it need to become until the people finally realize that they are completely enslaved.  – Claudio Grass, Shadow of Truth

Claudio Grass is a Managing Director of Global Gold, a bullion company specializing in storage of physical precious metals outside the banking system in safe jurisdictions like Switzerland.  As an advocate of free-market thinking and libertarian political philosophy, Claudio is adherent of the Austrian School of Economics.

The backbone even for our current monetary system is gold – that’s why most
of the Central Banks are still acquiring physical gold.  – Claudio Grass on Shadow of Truth

Whether or not Greece defaults on its debt and leaves the EU is at the top of the news nearly everyday.  Rory disagrees with me,  but from my point of view the ECB will, at the end of the day, ensure that Greece does not default and remains in the EU.  Claudio agrees with me, but sees it more as a function of the west’s move to implement more centralized control of the western economic, financial and political systems.  Letting Greece go would undermine this effort.

The longer I think about it, the more doubt I have [that Greece leaves the EU].  What they really want to do is centralize the system even more…Greece will stay in the eurozone and it might be used as a test case for banning cash.  – Claudio Grass

The latter suggestion is something that makes a lot of sense, especially when we consider that Cyprus was used as test model for bail-ins.

There several more hidden gems of insight and wisdom in our conversation with Claudio which make this podcast well-worth the time spent listening:

If they ban cash they will have the possibility to track everyone to see that they’re doing with their money and then they can implement negative interest rates

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