Urgent Message for Greece help is on the way Multi-Billionaire Hugo Salinas Price appeals to Alexis Tsipras to propose bringing a silver standard to Greece. Founder, Director & Honorary President of Grupo Elektra SA de CV famed not only for his legendary business acumen but also his drive for Honest Money in Mexico and Globally, tells how Europe can become free again. Hugo and his organization, the Mexican Civic Association Pro Silver, A.C. have pushed the Mexican government for over a decade to provide silver as money but the corrupt Mexican government and Mexican central bank has refused, causing tremendous hardship for the citizens of Mexico due to inflation. Here, Hugo is talking with Max Keiser in Keiser Report Episode 295, view the entire video at: http://rt.com/programs/keiser-report/... "Hugo Salinas-Price, born in 1934, is a successful, retired businessman who lives in Mexico. Salinas-Price has been a follower of the Austrian School of Economics since his youth. Salinas-Price has written three books in Spanish on how and why silver should be instituted as money in Mexico, in parallel with paper money, and numerous related articles in English and Spanish. Salinas-Price's organization, the Mexican Civic Association Pro Silver, is actively lobbying the Mexican Congress to approve legislation, which will institute the pure silver "Libertad" ounce as money. Hugo Salinas-Price has focused on reintroducing silver into the Mexican economy with great energy over the past fifteen years. Salinas-Price's aim is to achieve the monetization of a silver ounce coin currently minted by the Mexican Central Bank. This coin has no engraved monetary value and is called the "Libertad" coin; it can very easily be turned into a monetary coin, that is to say, a coin with a monetary value. As such, anyone owning such a coin could, if he or she wished, be able to pay any bill or debt denominated in Mexican pesos. The monetary value of this coin would be slightly higher than its bullion value; the monetary value would not fluctuate according to the price of the silver ounce, but its monetary value would be raised if the bullion price of silver rose and closed in on the monetary value. The Central Bank would give the coin its monetary value, according to a formula in the proposed legislation. If the price of silver fell to $1 dollar an ounce, the monetary value of the coin would remain where it was last pegged. (But Salinas Price says it would still be better money than any paper or digital money in the world!) On the other hand, if silver should go to $50 dollars an ounce, this coin would remain in circulation, useable as money, because then its monetary value would be about $57 dollars, and stay there until a further rise in the value of bullion silver. The monetized silver ounce would be an excellent refuge for savings and would attract them irresistibly." From: http://www.kingworldnews.com/kingworl... Thanks to: http://maxkeiser.com http://rt.com
Urgent Message for Greece - YouTube |
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| Education | Upload TimePublished on 4 Jun 2012 |
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