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May
12
2021

The End of the Present Dark Age
Hugo Salinas Price

The Central Banks of the World – Russia and China both perhaps excepted – are all members of an International Club of Central Banks. This Club is run according to the rules dictated by the BIS, the Bank for International Settlements, located in Basel, Switzerland.

Events that took place years’ ago, resulted in the conversion of all currencies administered by the Banks under the sway of the BIS, into fiat currencies; that is to say, currencies which have no support or connection with the precious metals, silver or gold.

All things human are subject to change, except human nature itself. The current financial institutions of the present have fallen into a condition which is at odds with human nature – they function with the exclusive use of fiat money. In the nature of things, the condition of the financial institutions of our time will doubtless be subject to radical change.

In the nature of things – rerum natura – when world disorder, i.e. War -undermines the sway of the BIS, some country or countries will necessarily revert to real money of gold or silver, once again, in order to maintain peace and economic co-operation among the elements of their populations.

In the coming world monetary disorder, the institution of national Central Banks will have become irrelevant.

The politicians who are Presidents or Dictators will have to step in, to provide real, tangible silver or gold money to their populations, paper or digital money having become irrelevant.

The measures which Presidents or Dictators will have to implement, will have to be – again, in The Nature of Things – quite simple measures. (Nature abhors complexity).

The primary interest of all rulers has always been to have an assured income, and the only way to obtain an assured income will be through – taxation. Since paper or digital money will have become irrelevant, they will have to find ways to tax real money, of silver or gold.

Thus, their first interest will be to establish gold or silver as the money they are going to tax.

How will they go about establishing gold or silver as money? They do not really have to do anything at all, since gold and silver are money by their very nature.

All that future governments will have to do, will be to declare that taxes – the central, overriding interest of all governments – shall be paid in gold or silver coin.

Governments that wish to impose high taxes denominated in gold or silver, will find that their subject populations are quite lazy and do not prosper.

Governments that impose low taxes denominated in gold or silver, will find that their populations thrive, and that peace and order prevail quite naturally.

By the very nature of things – rerum natura, once again – the future of our World will see gold and silver return as money.

The present in which we live, will be seen, in the future, as a Dark Age.

 

 

Mr. Hugo Salinas Price has been Honorary President of Grupo Elektra S.A. de C.V. since 1993. In 1997, Mr. Salinas Price founded the Asociacion Civica Mexicana Pro-Plata A.C., and serves as its President. He serves as Honorary Chairman of the Board of Directors at Banco Azteca, S.A., Institución de Banca Múltiple. He has been a Related Director of Grupo Elektra S.A. de C.V. since 1993. From 1952 to 1987, Mr. Salinas Price served as a Director of Grupo Elektra S.A. de C.V. He served as a Director of Banco Azteca, S.A., Institución de Banca Múltiple. Mr. Salinas Price holds degrees from Wharton and ITESM and a degree in Law from the Universidad Nacional Autonoma de Mexico ('UNAM').

 

 

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