FAME, sound money and the labour unions

2011-06-18 1

Lawrence Parks, of FAME, and James Turk, Director of the GoldMoney Foundation, talk about Larry's efforts to educate the labour unions about their own historic defence of sound money and how it is workers how are hurt the most by the current monetary system. He talks particularly about pensions and how retirees are being cheated of their savings by ZIRP, QE and other easy money policies. He also talks about the entrenched interests who see the need for reform but would rather that it happened after they have cashed out their stock options. He also talk of the tiny level of gold investment in pension funds and the lack of incentive for Wall Street fund managers to promote gold, given the low fees involved.