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!

For Whom the Debt Tolls

For Whom the Debt Tolls

Posted October 01, 2026

By Sean Ring

Washington has spent years ordering the lobster and telling everyone the bill was manageable. In September, the waiter finally arrived. With the 10-year Treasury yield at 5.29%, small companies, landlords, and supposedly safe bond portfolios discovered whose credit card was on the table.
Spend It Like You Stole It

Spend It Like You Stole It

Posted September 30, 2026

By Sean Ring

The Swamp’s year ends tonight. Yours could get interesting depending on where the money lands.
The Pentagon’s Velvet Rope

The Pentagon’s Velvet Rope

Posted September 29, 2026

By Sean Ring

Every good nightclub has two things: people with money and a bouncer deciding who gets in. The Pentagon has an enormous amount of the first. Congress has been working on the second. And a handful of mining and manufacturing companies could find themselves inside a very profitable party.
From Athens with Contempt

From Athens with Contempt

Posted September 28, 2026

By Sean Ring

America spent decades convincing other countries that its friendship was worth having. Then its ambassador to Greece allegedly explained, over dinner, that their governments were replaceable. Beijing couldn’t have written a better sales pitch. And it didn’t even have to pick up the check.
The Lost Round Trip

The Lost Round Trip

Posted September 25, 2026

By Sean Ring

In 1884, a dollar bought roughly what it had bought before the Civil War. Try imagining that today: twenty years after a 75% inflationary surge, the price level had retraced the entire move. America once had inflation that went away.
The Hunt for Red November

The Hunt for Red November

Posted September 24, 2026

By Sean Ring

The most dangerous voter in American politics this November may be the Republican who does absolutely nothing. He doesn’t have to switch parties. He doesn’t have to put a Mamdani sign on his lawn, discover a sudden enthusiasm for socialism, or start watching MSNBC. He merely has to stay home. And the first bits of election data suggest quite a few of them may be thinking about doing exactly that.