Posted November 15, 2023
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.
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!