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Subscribe to our newsletter at www.goldmoney.com Prof. Markus C. Kerber, Professor at TU Berlin, and James Turk, Director of the GoldMoney Foundation, talk about the European rescue fund. Prof. Kerber explains that the fund is in violation of the monetary union treaty. He talks about the current expansion and expected future expansions of the fund. They talk about the rogue behaviour of the ECB. Prof. Kerber explains that the central bank’s quantitative and qualitative easing is beyond its authority and against the spirit and letter of the treaties that created it. It has created a discriminatory credit market, is engaging in fiscal policy and creates market instability. He comments on the legal action currently ongoing in Luxembourg to bring the ECB to account and condemn its out of bounds behaviour. Prof. Kerber explains that the system of checks and balances is broken down when it comes to the ECB and tells of the public outcry in Germany when the Bundesbank tried to sell its gold. He talks about the very strong discussions over whether to let Greece exit the euro. The position that no country would be allowed to fail set the stage for all the further bailouts. He comments on the German rejection of the French attitude that the euro is a political project and that price is no object. He talks about the danger of Germany losing its creditworthiness. This interview was recorded on September 30th 2011 in Vienna.

Chris Brown

Watch the full 39-minute video at www.goldmoney.com In this video Folker Hellmeyer, chief analyst at Bremer Landesbank, and James Turk of the GoldMoney Foundation, talk about the revaluation of gold as a way to solve the debt crisis. Hellmeyer sees a strong accumulation of gold by emerging markets’ central banks. He thinks that the experiment of un-backed currencies over the last 40 years was a mistake and that we need to go back to a system in which gold plays a major role. He will not give a forecast on specific prices for gold and silver for the next 5 to 10 years, but he is sure that the prices will be much, much higher in the future. He therefore advocates that every citizen sets up his own gold and silver standard. Gold and silver can’t be printed and are in demand. Paper prices can’t fool markets for long, says Hellmeyer. This video was recorded on November 4 at the Edelmetallmesse 2011 in Munich.

Vanita Kearl