This document discusses economic freedom and currency. It summarizes that Singapore was ranked #2 out of 144 countries in economic freedom in 2012. While Singapore excels in economic freedom, its currency policies have led to inflation like most other nations since 2008. Only gold and silver qualify as real money since they store value, unlike national currencies which lose value as their supplies are expanded. The document promotes investing in gold and silver to protect wealth from the devaluation of currencies caused by inflation.
2. Singapore was ranked #2
out of the 144 countries
rated in the 2012
Economic Freedom of the
World report (published
by FreeTheWorld.com).
Meanwhile, the U.S.A.
has slipped from #3 in
the year 2000 to #18
today.
3. Economic freedom and
personal liberty are dear
to my heart because they
are the keys to greater
opportunity and an
improved quality of life.
4. While a simple concept,
economic freedom is the
engine that drives
prosperity in the world
and is the difference
between societies that
thrive… and those that
do not.
5. Singapore has thrived
and brought prosperity to
its neighbors for some
time. Whether
considering its fiscal
prudence, wise tax policy,
or personal property
rights, the facts led me to
call Singapore the “New
Switzerland.”
6. On October 1st, the
government of
Singapore made the
historic decision to
remove tax from
investment grade gold
and silver, giving the
people of the world a
safe place to save and
grow their wealth,
protected from the
ravages of inflation.
7. Since the financial
crisis of 2008
virtually every
country on the
planet has engaged
in an insane
expansion of their
currency supplies
and Singapore is no
exception
8. And while Singapore
excels in economic
freedom, when it
comes to currency, it
has set the stage for
the greatest transfer
of wealth in history.
And it is happening
right now.
9. This is only possible
because today no
nation on earth uses
money. I know that’s
you call the stuff in
your pocket, but it is
not; it is currency,
and there is a BIG
difference.
10. Only gold and silver
qualify as money,
everything else is just
currency. Currency has
all of the attributes of
money except one:
money must be a store
of value.
11. National currencies are
not a store of value,
because as the supply of
currency is expanded,
the purchasing power of
each note is reduced.
12. While it seems like
prices are rising, it is
actually the currency
that is falling, and it is
taking more and more
units of currency to buy
the same things.
13. So, it isn’t the things
that are getting more
and more expensive, it
is the currency that is
getting cheaper.
