Ron Holland on the Inevitability of Societal Chaos, How the Elites
Will Try to Maintain Control – and How You Can Protect Your Wealth
by Anthony Wile
The Daily Bell
by Anthony Wile: Rupert
Murdoch's Failing Attempts to Control the Internet Reformation
Ron Holland is the author of three books, numerous special reports
and hundreds of articles on investment and political topics, many
of which focus on the interplay between politics and the investment
markets. Selections of his essays can be found in the archives of
LewRockwell.com and The Daily Bell.com. He currently is a contributing
editor to several newsletters dealing with political and investing
topics, a member of the Advisory Board of Zurich-based BFI-Consulting
and Chairman of the Advisory Board of The
Foundation for the Advancement of Free-Market Thinking (FAFMT).
Thanks for taking the time to participate in another interview.
Since you were here last time in December, things have continued
to erode in the global economy. Do you feel the downward trend for
the US dollar is going to change anytime soon?
Thanks for having me back, always a pleasure. With respect to your
question about the future of the US dollar, before I answer it,
I would like to say that I am not anti-American in anyway and, in
fact, quite the opposite. My views are firmly aligned with those
who believe in an individual's right to life, liberty and the pursuit
of happiness. But today in America we see these rights eroding right
along with the dollar. So I have begun to speak out along with millions
of other Americans.
It does seem as if people are growing angrier, and more awake about
what's going on. Or maybe that's just our bias.
It's because the system is falling apart and growing more obviously
unfair at the same time. The Anglosphere power elite has taken complete
control of the US of the entire West, as a matter of fact.
Of course it's always been that way to some extent.
You have a point about the obviousness.
It used to be that they tried to hide it but the Internet has made
that increasingly impossible as the DB often points out. So, it's
like they don't care anymore. They're pursuing their one-world vision
no matter what. If you get in their way, they'll try to run you
over. And people resent it. Trouble for them is there are a lot
more of us than them.
You think people are seeing a pattern?
It's a combination of the economic downturn and the new communication
technology. People see the amount of money being thrown around on
bailouts and wars. It can't be hidden anymore because it's available
for anyone with a computer.
instituted central bank around the world and then they began to
build their new world order, funding it by printing money-from-nothing.
When the business cycle soured, they'd distract people with war.
But again none of this is working so well now. It's a fairly brutal
and even obvious system once you understand it.
It certainly worked well in the 20th century.
No doubt about it. Still, today, despite what I consider an awakening,
we still have large number of people who don't understand what's
going on and maybe never will. Some of them are barely capable of
critical thought. But those who are aware are growing too and at
a faster rate than ever before. What gets people's attention is
when the economy is not working. And today there's nothing left
to milk in the West. The cow is dry and the cream has been siphoned
off and it sure as heck isn't in my or your cup.
We like to use the term Internet Reformation.
It sums it up rather well. Internet Reformation. John Q. Public
is starting to understand that they have been the subject of a massive
mind manipulation ever since they first walked through the doors
of an American public school. It's like a warm bath. Even after
you get out of school, you're subject to the same propaganda. The
mainstream media is there to reinforce it as are the establishment
historians. In the 20th century there was literally no respite.
But in the 21st century the alternative has really come on strong.
Sites like yours (to which I encourage all readers of this article
to subscribe - it's free: click here to subscribe now), Mises.org
and LewRockwell.com just to name a few are speaking
truth to power. It's an entirely different kind of illumination
and it's making a real difference.
We've noticed it's hard to take sometimes, to accept how badly you
may have been manipulated and fooled. We certainly know the feeling.
It makes you sick.
It's not something you have a choice about. This knowledge is filtering
around the world. People are waking up from a bad dream or
at least understanding why their lives are as they are. They've
been robbed, and it's better to live with that knowledge than without
it. Once people start to see this gigantic cage of world government
being built around them, they start to do something. That's what's
behind the Tea Party movement. Even if those in the Tea Party don't
understand everything the same way, they know something's wrong.
comes back to the dysfunction of the current economy, the centralization,
the inflation, joblessness, etc. Central banking and the Federal
Reserve in the United States has got to be the greatest fraud of
all time the idea that a small group of chosen people can
set the value of money for everyone else. They can't. All they can
do is print and inflate/devalue. That's why more and more people
understand they have to get out of paper money into gold and/or
Where do you think this is all headed, this awakening and what people
are starting to do about it?
Well, I'm probably more optimistic now than I have been in the past
couple of decades. People have been asleep, but now, like Rip van
Winkle, they're stretching and stirring.
They are beginning
to "get it" now in a fundamental way, in the gut. The
system today is a series of lies and illusions. Everything that
comes out of the mouth of the power elite structure is a lie
especially here in America where the political, media and business
establishment supply us with endless lies.
this is a capitalist free market system. But because of central
banking it's a command and control system. We're told to go get
an education but what we receive from these institutions of higher
learning is mind control degrees in global warming and social
diversity. Nonsensical stuff.
The mind manipulation
needs to stop. The wealth-siphoning must cease. I think it will.
I think there's going to be some kind of social explosion if it
Social discontent is definitely rising. That's not news anymore.
You see it coming to the US as well?
As I prepare to leave for Mark Skousen's FreedomFest conference
in Las Vegas, I am more optimistic about peaceful change, painful
though it may be. I think what's going on is going to become massive
and overwhelming. I don't think it can be stopped and my hope is
that it will get so large so quickly that violence is not even going
to be an option. The Internet Reformation is exactly that
a reformation of the systems of control and it doesn't have to be
violent to happen.
Well, even it's not violent it can be painful.
Absolutely. People can lose everything in troubled times.
Not just in America or Europe.
You've run a number of articles on China and that's a key country.
I tend to agree with you that it's a troubled situation over there
now and that not enough people understand the stakes. If China collapses,
the rest of the world economy gets hit with a chain reaction that'll
hit harder than Tyson in his prime.
They're at a critical stage now with their tightening. They're raised
rates something like five times recently.
There's obviously a criticality here. Food prices are continuing
to go up fast from what I've read. I believe the price of pork has
gone up something like 50 percent and the Chinese like their pork.
Real estate is going up even though China made it illegal
even to buy apartments for a while as I recall.
In these situations,
where you already have what is basically out-of-control price inflation,
governments have no choice. They have to slow the economy, really
put the brakes on. This isn't like other times for the Chinese economy
... this is the real thing. They slowed down with everyone else
in 2008, but the Chinese never slowed down all the way. They dumped
something like one trillion dollars into the economy and they've
been trying to wring it out ever since.
You're correct in these instances; it's almost impossible for central
bankers to get it right.
They won't get it right. How can they? They got it wrong with the
initial inflation and now they'll probably overshoot. They'll tighten
so hard that they'll shove the economy into a real recession.
That seems to be the choice. A significant slowdown or continued
price rises. And those price rises are giving rise to considerable
As I said, China is the key. Europe has already collapsed and America
is not rebounding either. As you guys have pointed out, the dollar
reserve system is all but dead. China is propping up the world but
China has significant really important economic problems.
All the BRICS do. Certainly Brazil, even Russia and India have significant
inflation. Though it's obviously most out-of-control in China.
China is buying a lot of European debt. Wonder how long that will
last. We did an article on it.
With China it's not if ... but when. And these days "when"
is looking sooner rather than later.
It's surely an important anchor for the world economy at this point.
And if the economy goes down hill, what happens then?
Well, as we know there's always war to distract the public and frame
future historical accounts. There are lots of wars already and more
on the way.
We think there's a good chance of a real regional war blowing up
in the Middle East one that would involve Iran.
In these sour economic times, the elites start wars. It's a fact
of life. History teaches us that. Of course war puts an even greater
stress on the economy.
But people are so miserable they don't notice.
War is a great distracter. A full-scale world war probably isn't
feasible any longer because of the nuclear threat but you can certainly
have a bad war in the Middle East. And it will probably have a continuing
impact on oil prices.
Yes, more price inflation. Europe and America on the ropes. China's
not doing so well and the Western elites seem headed for war. What
do you do in a scenario like this? There's really no safety net.
Well, it's true wealth protection is the name of the game
at the moment. These are unusual times. I don't pretend to know
where gold and silver are going in terms of purchasing power, but
the trend seems well established and I'd continue to examine wealth
protection options in both gold and silver.
prefer gold for wealth protection and long-term savings, as that
is its history, but also think everyone should have some silver
too for situations in which a real crisis develops. I mean one in
which no merchant will accept dollars because of some sort of hyperinflationary
As far as other
currencies, none are linked to gold that I am aware of and therefore
they are all inflatable including the Swiss franc. There
are more than 100 central banks in the world all operating under
the direction of the elite controlled Bank for International Settlements
in Basel, Switzerland a globalist institution for sure. And
all of the central banks inflate all of them! And that means
holders of those debt instruments are losing purchasing power.
If you want
to get out of harm's way, I think you must get out of US dollars
and into gold even at these prices. I don't see much of a
retreat as a matter of fact, not with the world's economy in its
current shape. These are big forces at work.
So ... physical gold, OK. But how about ETFs? Gold shares?
Gold is only gold if you can touch it, under these conditions. Now
I don't mean you have to physically touch it every day, but you
must have the real thing and keep it out of reach from those who
would try and take it from you. You know, many people still find
it hard to believe that in 1933 FDR passed the Gold Confiscation
Act making it, essentially, an illegal act for American's to own
physical gold. And it stayed that way for 40 years!
Now that did
happen in the United States and it happened when the confidence
in the Federal Reserve and the overall economy was rapidly eroding
during the Great Depression. So why would you think that the confiscation
playbook wouldn't be trotted out again? What makes you think that
the yellow metal won't be portrayed as a medium of use for illegal
criminals, tax evaders, terrorists etc.?
I would hope
the Internet Reformation will prove strong enough that people won't
be easily swayed into believing the propaganda and "democratically"
support another wave of theft. And although it would be much more
difficult this time to pull off such a confiscation attempt, I would
not put it past them to try.
So definitely not ETFs?
ETFs are not physical gold. They are securities. Gold shares are
not physical gold either; they are investments that entail many
risks. Only physical gold itself is desirable, in my opinion, when
a person is trying to protect the purchasing power of their wealth.
And the gains in purchasing power that have been witnessed over
the past 7 or 8 years is rather impressive, to say the least.
What is the best type of gold to buy? Where does one store it for
safety, considering the argument that a potential gold confiscation
I only recommend buying bullion. Not numismatics or any other "scarcity-sell."
The cheapest form of bullion is gold bars. Coins carry additional
costs. If you can afford it, transfer out of your devaluing paper
money and into gold bars and acquire them with the least amount
of fees involved.
With all fairness
to US-based gold dealers, they have many costs associated with running
their business. These costs add on to what you inevitably pay to
acquire gold. However, even if you are able to acquire it for reasonable
charge, you still are left owning it in the US and for me, right
now, that is an unacceptable risk.
buying some gold for US storage where you can get your hands on
it from reputable dealers here in the US. But for major investment
diversification, consider an international specialist that handles
both the buy and the sell and stores it for your account. In Switzerland,
there are several providers of such services, but unfortunately
either it is too burdensome for most to go there and open an account,
or the minimums are too high.
Switzerland's not an option?
Besides the travel costs, most Swiss banks will no longer accept
American clients at all after the pressure the US has brought on
it was significant for sure, and remains so.
There is one group to consider. I follow a program called Global
Gold. Frank Suess heads the firm, and he is a dear friend of mine
and a member of the advisory board for the Foundation for the Advancement
of Free-Market Thinking (FAFMT). Frank's team has developed this
program with a full understanding of the issues American's face
and why it is important to not only own gold but also own it in
the right secure location.
Yes, Global Gold offers competitive rates, it is virtually commission
free, and provides safe and secure storage of gold in a secure Swiss
vault that is audited regularly by Ernst & Young. I think the
Global Gold Program is definitely something for Americans to consider.
The minimums, and this is important, are fairly low to participate
starting at US$50,000.
That's very low.
This sort of service, to reconstruct for the individual is expensive
if not impossible. It's a millionaire's type service. But
by making it available, broadly instead of exclusively, we think
we're offering a great service that people can take advantage of.
What is most important, no matter how you do it, is that people
get out of devaluing dollars and into honest money Gold.
And they should strongly consider the history of their government
and its propensity to act in irrational and confiscatory ways. People
think government is some sort of logical, rational power. It's not.
People who go into government, more than most, are out simply for
themselves. They're willing to put up with an unchallenging
even useless job because of the security.
The idea that
people with this mindset are going to "protect" society
when things go wrong is ludicrous. These people are WHY things are
going wrong in the first place. And you have to protect yourself
from them. Doesn't matter what the form of government is
democracy, monarchy, communism ... its all the same after a certain
point. Human nature doesn't change. No one is going to protect your
family but you if things get really bad.
Speaking of governments, shouldn't Americans be concerned with the
tax authorities coming after them if they participate in a program
such as what you are describing? Switzerland isn't all that popular
Actually, because of the scrutiny Switzerland has received it's
actually a lot lower on the radar screen than most places. A lot
of offshore venues are coming in for considerable scrutiny now.
Switzerland has already taken its shots.
Certainly it has had a workout.
The authorities have been over Switzerland with a fine-toothed comb.
And this is a fully declared program. There is nothing illegal about
Global Gold. Just file the appropriate reporting forms and pay your
taxes just like you would in the US. The only difference between
this program and buying the gold in the US besides the costs
of the purchase being lower with Global Gold is that the
metal is safely stored in Switzerland. But do your own due diligence.
You can find out more about here: Secure your gold in Switzerland
with Global Gold.
Any other recommendations?
Yes, there is something else. I'm investigating it now and it has
to do with South America, but I'm not prepared to talk about it.
I have a few more trips to make down there.
Is it investment oriented?
Not really. It's an extension of this wealth protection idea. It
has to do with family protection actually.
Not now. Only than to say it is not only important to have your
wealth safely secured in jurisdictions that are welcoming, but also
to have an option of similar character for you and your family physically
We'll have to have you back. Thanks for sitting down again and enjoy
FreedomFest. Please say hi and congratulations to Mark Skousen and
Tami Holland from DB.
I'll be pleased to come back. It's been my pleasure. And before
I go, I would like to encourge all readers to help support the non-profit
for the Advancement of Free-Market Thinking by making a financial
donation of any size.
As I mentioned
above, I am more optimistic now than ever before that real change
is possible, perhaps even likely thanks to the 'Net Reformation
that is taking place. The efforts of the DB staff in bringing forth
an advertising-free and uncompromised educational effort is helping
to make a real difference out there and the audience is surely growing
rapidly. Many people email me daily with complimentary words of
encouragement about the good work the DB is doing and the bottom
line is that the word is really starting to get out there about
the benefits of free-market thinking. Consider helping the DB team
in their efforts to build on this momentum and move the Internet
Reformation forward even faster: Click
here to help.
does us the favor of reminding us once again of the bigger picture
when it comes to the world's economy. For several years now we have
heard that those in power knew what to do about the economic crisis
affecting the West. There would "stimuli" and, later on,
"austerity." There would be QE1 and QE2 and in
Europe there would be loans and then (unconstitutional) bailouts.
barraged by numbers these past few years. Every uptick is a green
shoot; every meeting of the G20 and the G7 provides us with yet
more good news about ways the world's economy has "turned the
corner." But really ... it hasn't.
there is the Chinese Miracle. China is pulling the weight of the
world right now, but as Ron Holland points out, China has its own
problems. When a single food item rockets upward by 50 percent (pork)
that counts as serious price inflation in our book. And of course,
that's only one tiny example that is symptomatic of deeper problems.
It's just like
the economies in the West: Every month or two we read about another
measure that the Dear Leaders have taken to ensure that price inflation
is damped. Each measure is accompanied by soothing reports that
this time the measures will be effective before prices get out of
And what have
the ChiComs proposed? We can't remember all of it. One that jumped
out at us a few months ago was when China forbade the buying and
selling of real estate, at last regionally. That seemed to us to
be a pretty extreme action the kind of Draconian price fixing
regimes resort to when they are desperate but it caused nary
a ripple of concern in the Western press.
see, is a very healthy economy. It is a "miracle." No,
Ron has it right: China has big problems. Now they're raising rates
significantly. Five times already, as a matter of fact. This is
a big economy we're talking about so here's the real miracle:
It'll be one if they get it right and bring that country in for
a smooth landing. Hyperinflation, or more likely ... a "hard-landing."
China is already
experiencing significant social unrest not just here or there
but across the country, which is just what we've been predicting
these past few years. The ChiComs have at least two strikes against
them (the starvations of the Great Leap Forward and the repression
of Tiananmen Square) and if the economy sours severely, that will
be strike three. Yer out.
West's "failure to launch" and China's unstoppable price
inflation, the world is in a difficult position. The BRICS generally
have price inflation worries and the PIGS may back away from the
trough, but in doing so there will only be more civil unrest.
to all of this as we understand it is war. We've been predicting
war serial, elite wars for years. Well, lo and behold,
the US is now somehow involved in seven or more separate conflicts.
There are reasons for each of these conflicts spurious ones
to be sure. But the nice thing about the War on Terror (which we
think generally is a flawed elite promotion) is that it is like
a portmanteau war. You can pack it up and carry it anywhere.
can be dead or alive, depending on the domestic political situation
(whether the US needs a victory or not) and it can mysteriously
emerge wherever the US is best positioned to attack another impoverished
country to keep the dollars flowing to the military-industrial complex
and the Department of Homeland Security complex.
These are mighty
wealth operations. Homeland Security has done to America what the
military-industrial complex has done overseas introduce a
continued, destructive strain of authoritarianism to the larger
populace. This can be carried out with bombs or body scanners. But
the results are the same: repression, intimidation and growing chaos.
It may well
be chaos that the elites want. Out of chaos ... order. However,
in this case, we don't see the order part happening anytime soon
and neither apparently does Ron Holland. Ron makes a proposal
for keeping one's gold offshore and he may well be right about that.
has happened before and we don't see the price (purchasing power)
of gold or silver going down anytime, or not for another few years
anyway. This business cycle has yet to turn. There's a limit to
how much wealth in private hands the elites will likely tolerate.
If chaos is to be implemented, people will have to starve in the
Ron has another
solution in mind as well for people worried about upcoming, potential,
domestic chaos, but he's not suggested that one to us yet
though we are certainly interested to find out. We'll surely have
with permission from The
Wile is an author, columnist, media commentator and entrepreneur
focused on developing projects that promote the general advancement
of free-market thinking concepts. He is the chief editor of the
popular free-market oriented news site, TheDailyBell.com.
Mr. Wile is the Executive Director of The Foundation for the Advancement
of Free-Market Thinking – a non-profit Liechtenstein-based foundation.
His most popular book, High
Alert, is now in its third edition and available in several
languages. Other notable books written by Mr. Wile include The
Liberation of Flockhead (2002) and The Value of Gold (2002).
© 2011 The
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