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In 1979, a young and idealistic Phil Donahue challenged legendary economist Milton Friedman on the principles of capitalism. And specifically he went after the concept of greed.
But Friedman eloquently articulated what capitalism was really about. And how it was behind so much good and wealth that was created in history. It was an entertaining and informative masterclass that revealed truths during a period of history when capitalism was against the ropes.
“But it seems to reward not virtue as much as it does the ability to manipulate the system,” said Donahue.
“And what does reward virtue?” asked Friedman rhetorically. “Does a communist commissary reward virtue? You think a Hitler rewards virtue? The record of history is absolutely crystal clear.”
Greed may not be, for lack of a better word, “good,” but it is an inescapable aspect of human nature. We can choose to let it benefit society and reap rewards for many or we can allow it to drive false narratives that will only benefit the elite few.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
