Robert Welch Predicted Keynesian Armageddon of Massive Currency Devaluation, Increased Gov’t Taxes as Response in 1958 and in 1974

June 29th, 2010

For all those smug PhD economists educated at the University of Chicago, Princeton and Harvard that prescribe fiat currency devaluation to toilet paper valuation as the solution to our global monetary crisis and then feign disbelief at the current state of affairs worldwide, Robert Welch predicted your favored Keynesian nightmare as early as 1958 and once again in 1974. One of his multi-part suggested solution in 1974? “We must once again make our money freely redeemable in gold at some realistic price.”

According to Welch, “both the U.S. and Soviet governments are controlled by the same furtive conspiratorial cabal of internationalists, greedy bankers, and corrupt politicians. If left unexposed, the traitors inside the U.S. government would betray the country’s sovereignty to the United Nations for a collectivist New World Order, managed by a ‘one-world socialist government.’”

Though this speech is decades old, most of Welch’s points are eerily still relevant today.

Entry Filed under: Financial Crisis, Dollar Crisis, & Recession Proof