Print the page
Increase font size
Polleit: The Poison Apple of Socialism

Posted November 15, 2023

Sean Ring

By Sean Ring

Polleit: The Poison Apple of Socialism

In the September 25th edition of the Rude, my friend, economist, bestselling author, and gold expert Thorsten Polleit wrote, “Biden Bucks? How About World-Widen Bucks!”

Rude readers filled the mailbag with compliments, and one participant in our Paradigm Shift Summit 2023 nicely cornered me to say how much he appreciated the piece.

Last Tuesday, I had the privilege to interview Thorsten. We’ve now put the video up on YouTube.

SJN

Click the pic or here to watch the wide-ranging interview.

Friends and subscribers who’ve already watched it have enjoyed it.

@vriwriter8298 said, “‘The "Poison Apple’ is a brilliant and telling description of Socialism. Separately, Mr. Polleit's practical awareness of Gold investing makes sense. We need to hear more from Polleit.”

@audiophileman7047 commented, “This was an excellent interview. It's so good to see that Paradigm Press is having guests on their channel that have their heads screwed on right. Thank you. 👍👍👍”

@SirenaSpades wrote, “Very good discussion; I really enjoyed Dr. Polleit.”

@stickySituations415 said, “Thank you, Mr. Ring !!!!! 🎉🎉🎉 You both are amazing 👏”

Here are some of the insights from the interview.

🌍 The idea of a single world government is to overcome the nation-state, and uncontrolled immigration is one strategy to de-homogenize the nation-state and pave the way for the great resetters to establish a single world government.

💰 Socialism leads to destruction, and even a little bit of socialism sooner or later becomes full-blown socialism, a lesson Americans can learn from Europe.

💳 Central Bank digital currencies can be programmed and combined with a social credit score, giving the government unprecedented control over individuals.

💸 "Gold is a kind of canary in a coal mine as far as the financial system is concerned."

📈 China and other nonwestern countries are building up their gold reserves to lower their exposure to the US dollar and Euro, making gold their haven.

🪙 The ultimate driver for a higher gold price is the international financial system's increasing debt and risk situation.

Here are some choice cuts from the interview:

“Social cohesion is going down the drain, and migration has because it has been politically motivated, not economically motivated in the first place, is causing so much trouble. And it's actually changing Europe quite fundamentally. And I think it's hard to see that there will be a turning back.”

“And in Europe, we have gone pretty far on a small scale admittedly, but as you know, the Euro was introduced as a single currency in 1999. Many participating countries basically gave away their national sovereignty regarding many issues on a supernational level. And when we talk about The Great Reset, de-industrialization is also part of the story.

Germany is an industrial power country and has been an industrial power country for many, many years. And now, The Great Reset agenda foresees ending the fossil fuel-driven production system. And that comes with increases in energy costs that come with increased regulation. And to cut a long story short, the effects can already be seen. In Germany, for instance, industrial output has dropped by around about 12% since its record level back in 2017.And yes, you can rightly say de-industrialization, capital outflows out of Germany. This is underway, and I think it's politically orchestrated; it's not an actual development.”

“...we know as economists that socialism leads to destruction, and even a little bit of socialism sooner or later becomes full-blown socialism. And I think this is the big lesson the Americans can learn from Europe. The virus of socialism is also already in the US and increasingly, and I think it's important to understand where the root cause of all these problems are, namely weak economic expansion, debasing the purchasing power of the currency, namely inflation, growing government debt, people that suffer from declining real incomes. This can all be attributed to the policy of socialism, and the lesson to learn for all Americans is to get away from socialism, abandon this fateful theory, this fateful policy based on socialism.”

“Back in February this year, I participated in the London Bullion Metal Association forecasting exercise. My estimate for the end of 2023 was… I haven't changed it yet, and I won't change that because I think this is roundabout the fair value level, and I'm still quite optimistic that gold will move to this level in the coming weeks or toward the end of this year.”

Watch the video to find out Thorsten’s call for gold by December 31, 2023, and for other sound, actionable advice concerning gold.

Have a great day ahead!

The Market Doesn't Check Your Birth Certificate

The Market Doesn't Check Your Birth Certificate

Posted November 13, 2026

By Sean Ring

At 95, Warren Buffett had made most of his fortune after turning 65. There's a lesson there for anyone who thinks they've missed their chance. Learning to invest can pay off in ways that have nothing to do with your portfolio balance.
Jensen Huangs Himself

Jensen Huangs Himself

Posted November 12, 2026

By Sean Ring

Charlie Munger spent a lifetime explaining how to avoid catastrophe. Jensen Huang apparently skipped that lesson. Now Nvidia's board is considering his future, $600 billion has vanished, and millions of investors are discovering what happens when genius meets stupidity.
The Christmas Credit Hangover

The Christmas Credit Hangover

Posted November 11, 2026

By Zach Scheidt

The parking lot at a little discount store in Georgia is filling up. Across America, shoppers are stretching every dollar while piling on more credit card debt. Zach Scheidt sees two trades taking shape: one retailer that could cash in on the bargain hunt, and one lender that could pay dearly when the holiday bills arrive.
Cash Isn’t Cowardice

Cash Isn’t Cowardice

Posted November 10, 2026

By Sean Ring

Mining’s great investors say every ten-bagger costs you a 50% loss along the way. For them, it’s true. Here’s what the line leaves out, and why waiting in cash can be the smartest trade on the board.
Be the House

Be the House

Posted November 09, 2026

By Sean Ring

James Altucher thinks buying stocks is gambling. I think he's wrong. A mathematician who beat Las Vegas and Wall Street proves why. And three legendary investors show you how to play the game without becoming the sucker.
The Yuan Trap

The Yuan Trap

Posted November 06, 2026

By Sean Ring

In 1949, Mao Zedong went to Moscow begging Stalin for money. Seventy-six years later, Russia is the one begging China to move its money. Putin thought he'd escaped Washington's financial grip. Instead, he walked straight into Beijing's tollbooth.