I was just sent a quote by my good friend and mentor in the Precious Metals industry Mr. Simon Heapes, Director at Anglo Far-East.

Every now and then a few simple sentences clarify what sometimes takes pages upon pages of rhetoric, argument, and bureaucracy.

Heres the quote:

To buy government debt paper amounts to investing in government tax collectors. These tax collectors will go out into the civil and private economy to extort the money needed so that the government can service its debt as interest rate payments become due and eventually return the principal sums lent. It would be hard to think of a more vicious act against one’s fellow men and women. Buying government debt amounts to an investment in state-organized extractions and coercion.

-Bill Buckler.

And Simon’s Comment to me:

You might want to think about that when your money is in the bank collecting interest as to how the interest is earned eh?

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