This interview was recorded at the height of the recent banking crisis (after the collapse of Silicon Valley Bank and before the collapse of Credit Suisse). Claudio Glass He predicted the collapse of Credit Suisse and the subsequent failure of the Swiss National Bank's bailout. Prior to the event, he also discussed the nature of the large Swiss-based banks (UBS and then Credit Suisse), noting that they too have been corrupted by large inflows of capital and have become primary dealers to international agencies and the US Federal Reserve. These banks no longer reflect Swiss values and are cuckoo-like nests on Switzerland's reputation for reliability.
Glass examines the recent financial crisis and points out that the associated issues relate to disruptions in global supply chains and the international division of labor. As a result, fewer real goods are now available. In other words, Real wealth is declining worldwideCentral bank responses — printing new units of currency — will not fix the situation and will only make prices rise, Glass concludes, and hyperinflation is likely to occur sooner or later.
His response: Become your own central bank Leave the fraudulent Muppet show of fractional reserve banking and instead store your wealth in real assets with no counterparty risk: gold and silver. To quote US banker JP Morgan: Gold is money, everything else is credit.
Elaborating on this theme further, Glass points out:
Gold is the king's money, silver is the bourgeoisie (or middle class) money, barter is the peasant's money, and debt is the slave's money.
Claudio Glass's company He aims for “A Sound Currency for a Sound Society.” This motto reflects his belief that a stable society cannot be built on a fraudulent financial system, which increasingly relies on fear and state control to stave off collapse. And fear is the enemy of freedom and sound reason. Free markets and free individuals are the foundations of the societies created historically in Switzerland, Britain, and the United States. These societies appear to be morphing into totalitarian or fascist systems of control. This is marketed under the trademark “The Financial System.” The Great Reset.
Because the Great Reset system is not only unworkable and increasingly unstable, requiring even more radical central bank intervention and even more draconian state intervention, but is also completely antithetical to human flourishing, Claudio Glass concludes that we must move away from a doomed system.
