9:52p ET Monday, May 18, 2015
Dear Friend of GATA and Gold:
Hugo Salinas Price, president of the Mexican Civic Association for Silver, today tells USA Watchdog's Greg Hunter that if cash is outlawed, as some academics are proposing, financial transactions will become more expensive, not less, as banks will start taking a cut of all transactions, as all transactions will become credit-card transactions.
Salinas Price warns against saving in depreciating currencies and, of course, advocates silver as particularly advantageous as a savings vehicle for ordinary people.
He explains his proposal for government issuance of an undenominated silver coin whose valuation would be set and announced daily by the central bank and guaranteed never to be reduced. While Salinas Price long has been pressing this proposal in Mexico, he hints that another country is taking the idea seriously.
He also describes what he sees as the decline of the United States, where he was born.
The interview is 25 minutes long and can be viewed at USA Watchdog here:
http://usawatchdog.com/apocalypse-and-enormous-disorder-coming-hugo-sali... [1]
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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